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ABU DHABI // More than 400 prominent international and regional decision-makers, politicians, and academics are set to converge on the Third Abu Dhabi Strategic Debate, ADSD, on November 13-14 at Emirates Palace, Abu Dhabi. The event is being organised by the Emirates Policy Centre (EPC), in co-operation with the UAE’s Ministry of Foreign Affairs and International Cooperation, and the Atlantic Council. The timing of the 2016 ADSD […]

Britain’s Brexiters have seized on the election of Donald Trump, arguing that it offers the chance to strengthen ties with the US, in an echo of the partnership forged decades ago between Ronald Reagan and Margaret Thatcher. Boris Johnson, the foreign secretary, has depicted Mr Trump’s victory as “a great opportunity”, emphasised the possibility of a post-Brexit trade deal, and called for Europe to snap out of […]

Berkshire Hathaway Inc (BRKa.N) shares posted one of their best weeks in years, soaring 9.5 percent and touching a record high, even though Chairman Warren Buffett’s choice for the White House, Hillary Clinton, was defeated by Donald Trump. The conglomerate’s Class A shares closed on Friday up $1,110 at $234,860, a day after surpassing their record set in December 2014. Its Class B shares did even better, […]

Photo A member of the Syrian Democratic Forces, a United States-backed Kurdish-Arab alliance, inside Syria. Credit Delil Souleiman/Agence France-Presse — Getty Images WASHINGTON — President-elect Donald J. Trump said Friday that he was likely to abandon the American effort to support “moderate” opposition groups in Syria who are battling the government of President Bashar al-Assad, saying “we have no idea who these people are.” In an interview […]

Before he was elected to be the next US president, Donald Trump had garnered the support of just one prominent billionaire in Silicon Valley: billionaire Peter Thiel, founder of PayPal and Facebook board member. The US technology industry had been shocked that one veteran from the Valley, which prides itself on liberal values, had supported, funded and even spoken for Mr Trump at his convention — and […]

After an election filled with rhetoric about big and brash bankers running amok on Wall Street, Donald Trump has turned to the biggest and the brashest of them all: Jamie Dimon, chairman and chief executive of JPMorgan Chase. The transition team of the president-elect called Mr Dimon on Wednesday night to sound him out about serving as Treasury secretary, according to a Reuters report that the FT […]

By Sumanta Dey | BENGALURU BENGALURU After Donald Trump’s unexpected victory in the U.S. presidential election, investors may refocus in the coming week on the health of the world economy and any signs that years of rock-bottom interest rates and fiscal austerity are coming to an end. Trump’s victory poses a major challenge to the conventional wisdom on the global economy, which for years has relied on […]

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By Sinead Carew | NEW YORK NEW YORK The U.S. banking sector’s dramatic rally post Election Day is likely just a taste of bigger gains to come, as investors expect banks to reap huge benefits from rising interest rates and lighter regulation under a Donald Trump presidency. In recent years, bank stocks have been held back by heavy regulation and historically low interest rates which have sapped […]

Donald Trump has appointed Mike Pence, his running mate, to head his transition team as he prepares to start naming people to fill top posts in his administration. Mr Trump also appointed four members of his family, including his daughter Ivanka and her husband Jared Kushner, along with the financiers Anthony Scaramucci and Steven Mnuchin. The team will also include Stephen Bannon, his campaign chief executive, Reince […]

Warren Buffett has thrown his weight behind scandal-hit Wells Fargo, saying it is “a great bank that made a terrible mistake” whose new chief executive Tim Sloan is “exactly right” for the top job. Breaking his months-long silence on the debacle, the head of Berkshire Hathaway, the bank’s biggest shareholder, confirmed he has not sold any shares after the scandal erupted over sales practices. The famed investor […]

Opponents of a Donald Trump presidency are fuelling a surge in donations to non-profit organisations and charities over fears that a Republican-controlled government will roll back progressive initiatives concerning the environment, immigrants, women and gay marriage rights. The Sierra Club, a 125-year-old environmental group, and the American Civil Liberties Union have reported record donation rates, while dozens of other groups have also issued new marketing campaigns to […]

|By Arabian Post Staff| With a hardliner like Donald Trump set to head the US administration, Iran-US relations seem to be set to re-enter the tension zone once again. Already signs of hard posturing by both sides are visible. Trump has advocated doubling or tripling the sanctions previously imposed on Iran to force the country to accept greater restrictions on its nuclear program than those contained in a […]

ABU DHABI // Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, congratulated Donald Trump on winning the United States presidential election, wishing him success. In a phone call, Sheikh Mohammed stressed the strong and historic relations with the United states. He also wished relations at all levels would continue to improve and that the UAE and US would […]

Iran, which has said it’s exempt from OPEC’s accord to cut production, told the group it raised output by the most since international sanctions were lifted. Iraq, unwilling to curb its supplies, reported a higher level than OPEC’s estimates. Freed from curbs on its oil trade in January, Iran said it increased output by 210,000 barrels a day to 3.92 million a day in October from the […]

By Dustin Volz Facebook Inc said on Friday it would no longer allow certain advertisers to exclude racial or ethnic groups when placing ads on its service, following criticism that the practice was discriminatory. The move comes amid growing scrutiny of how the world’s largest online social media network’s policies and algorithms shape what content appears in a user’s news feed. The unexpected victory of Donald Trump […]

Just like the bulk of political pundits and mainstream media commentators, opportunistic internet entrepreneurs were caught off guard by the shock result of Tuesday’s United States presidential election. The day after Donald Trump became the 45th president of the United States it was still possible to find “Don’t blame me, I voted for Trump” T-shirts and hoodies online. But the full story of the shock sustained by […]

Facebook CEO Mark Zuckerberg says it’s a “crazy idea” to think that his social network helped deliver Donald Trump the White House by also delivering fake news stories to its millions of U.S. users. “Personally I think the idea that fake news on Facebook…influenced the election in any way is a pretty crazy idea,” Zuckerberg said during a Q&A on Thursday. “Voters make decisions based on their […]

For an American public that relies on data for everything from where to find the best taco to the likely victor in a baseball game, Election Day offered a jarring wake-up: The data was wrong. Donald Trump’s stunning electoral win came despite prognosticators’ overwhelming insistence he would lose. And it has forced many to question not just political polling, but other facets of life that are being […]

By Yashaswini Swamynathan U.S. stock index futures fell sharply on Friday as investors tailored their portfolios to benefit from president-elect Donald Trump’s proposed policies. The decline on Nasdaq futures was more pronounced. Facebook (FB.O), Apple (AAPL.O), Netflix (NFLX.O) and Alphabet (GOOGL.O) were off more than 1 percent in premarket trading, indicating that Thursday’s selloff in the technology sector was likely to continue. Investors also appeared to be […]

By David Randall | NEW YORK NEW YORK Donald Trump’s surprise victory in the U.S. presidential race is pushing mutual fund managers out of dividend stocks and into the shares of financial, industrial and materials companies that stand to benefit from rising inflation. Although inflation remains subdued by most measures, U.S. longer-dated Treasury yields rose on Thursday to their highest levels in more than 10 months after […]

Apple CEO Tim Cook has been relatively quiet on the topic of his own personal political inclination in the lead up to the 2016 U.S. presidential election. But the unprecedented win of Republican candidate Donald Trump after such a tumultuous campaign has now prompted Cook to address his employees and the entire company in an effort to unite the people. How To Conduct Business After 2016 U.S. Elections […]

|By Arabian Post Staff|Bank of America-Merrill Lynch has made moderate downward adjustments to its near-term growth forecasts in the light of the election of Trump as the next US President. “Given the high level of uncertainty about the exact policy changes at this stage, we are assuming that trade tensions and fiscal stimulus have offsetting impacts on growth in the medium term,” it said. While a wide […]

Dubai businessman Khalaf Al Habtoor has been buying the British pound after it weakened against the U.S. dollar and said he’s seeking to expand in Europe. “We’re expanding overseas right now’’ mostly in “safe regions,’’ Al Habtoor told Bloomberg Television in an interview Thursday. “We also bought a lot of pound sterling.” Al Habtoor is expanding into central Europe and seeking properties in “safe regions” such as Austria, […]

Saudi business magnate Prince Alwaleed bin Talal on Thursday put aside his bitter clash with Donald Trump and embraced the Republican U.S. president-elect, saying he was heartened by reports that Trump had appeared to delete online references to his proposed ban on Muslims. Prince Alwaleed, in a wide-ranging telephone interview on CNBC, said he planned to meet Trump in the United States soon. “I have no problem […]

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