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 […]
During the long 2016 election season, now-President-elect Donald Trump spent far more time talking about immigration, terrorism and the economy than he did about information technology issues. Over the past several years, though, he has occasionally taken to Twitter to bash net neutrality as a “top-down power grab” or say during a Fox & Friends television interview that Apple should be boycotted for fighting an FBI order […]
BEIRUT, Lebanon — Crossing from Syria into Lebanon on Tuesday night proved to be a parable for the diametrically opposed ways the world sees the election of Donald J. Trump. At the passport counter, a Syrian officer’s face lit up when he saw an American traveler. “Congratulations on your new president!” he exclaimed, giving an energetic thumbs up. Mr. Trump, he said, would be “good for Syria.” […]
London-based gold dealer Sharps Pixley Ltd. is running out of bars and coins as buying surges after Donald Trump won the U.S. presidency. The company’s store, a short walk from Buckingham Palace, has arranged emergency imports of Britannia coins and kilogram (2.2 pound) bars to meet demand. The frenzy began on its website overnight and continued in store this morning, Chief Executive Officer Ross Norman said by […]
Donald Trump won’t be able to undo world powers’ nuclear deal with Iran, Iranian President Hassan Rouhani said, hours after the U.S. businessman was elected president. The 2015 accord, signed between Iran and six powers including the U.S., “cannot be overturned by one government’s decision,” Rouhani told his cabinet on Wednesday, according to the official Islamic Republic News Agency. Trump told a pro-Israel lobbying group in the […]
|By Arabian Post Staff|Donald Trump’s election as American President is expected to further complicate OPEC’s efforts to strike a deal for output freeze. OPEC was already struggling to finalize a deal and with Trump, it has become all the more difficult. In fact, Trump’s surprise victory threatens to deepen a market sell-off, according to UBS Group AG. Yet the uncertainty arising from the President-Elect’s policies — from […]
Emirates Group first-half profit plunged 64 percent as the world’s biggest airline by international traffic struggled with a rising U.S. dollar and political and economic uncertainty that damped global travel and weighed on fares. Net income fell to 1.3 billion dirhams ($364 million) in the six months through September from 3.7 billion dirhams a year earlier, the Dubai-based carrier said Wednesday in a statement. Revenue rose 1 […]
As of this morning, several hours after the U.S. presidential race was called for Donald Trump, some of the tech world’s leading voices had yet to weigh in on what those results could mean for Silicon Valley in particular and innovation in general. But many news outlets are saying the impacts could be disruptive in ways that the otherwise disruption-loving tech sector might not like. Meanwhile, venture […]
ABU DHABI // President Sheikh Khalifa congratulated Donald Trump on his election as the 45th president of the United States of America and wished him “success in his future tasks”, the state news agency Wam reported. In his congratulatory cable, Sheikh Khalifa commended the strategic relations between both countries and peoples. Sheikh Khalifa also highlighted the UAE’s keenness to boost relations in various fields. Sheikh Mohammed bin […]
|By Kalyani Shankar| The US election results have surprised many who were batting for the Democratic candidate Hillary Clinton. This is more so in India where many Indians felt Hillary would be good for India. She is known to many Indians because she was the First Lady for eight years, US Senator for another eight years, and Secretary of State for four and all the time she had […]
|By Arabian Post Staff|The gold price breached US$1,300/oz in the wake of Donald Trump’s victory, up from US$1,275/oz before the vote counting began. Gold price has increased, outperforming other assets, including other safe havens. The market is expeting short term volatility in the wake of the election result as it signals a major political and economic change. Gold trading volumes have risen sharply in Asia. Western markets, which […]
By Abhirup Roy | MUMBAI MUMBAI Ford Motor Co is investing 13 billion rupees ($195 million) over the next five years in a technology and business centre in the Indian city of Chennai to develop new products, design mobility solutions and provide business services. Dearborn, Michigan-based Ford, which has already invested over $2 billion in India till date, will hire 3,000 people and bring in 9,000 from […]
Print newspapers may be disappearing like the home telephone, but not after Election Day. Remembering the frenzy for old-fashioned papers the morning after Barack Obama’s historic win in 2008, newspapers are printing extra copies and setting up temporary retail stands this year, regardless of whether the nation elects the first woman or reality TV star as president. The Los Angeles Times is also selling a commemorative printing-press […]
Gulfnews.com Republican candidate launches marathon final day of campaigning in attempt to win crucial votes U.S. Republican presidential nominee Donald Trump gestures as he speaks at a campaign rally in Raleigh, North Carolina. Raleigh, United States: Donald Trump launched a final marathon Monday as the wildest US presidential campaign in memory drew to a close, desperate to persuade Americans they would be better served by a political […]
