Short-term borrowing costs in China have climbed to their highest level in two years as comments from President Xi Jinping fan investor expectations that a “regulatory windstorm” is part of a broader crackdown on the financial sector. China’s premier on Thursday described finance as the “core of a modern economy”, according to state news agency Xinhua, adding that “accurate judgment of potential financial risks serves as a […]
Barclays has reported a doubling of underlying quarterly profits, excluding a big hit for selling its African unit, as its chief executive sought to shift attention away from a row over his treatment of a whistleblower. Jes Staley, who is being investigated by British and American regulators for trying to discover the identity of a whistleblower, said: “We are now just two months away from completing the […]
By Philip Pullella | ROME ROME They will not be drawing swords like their predecessors did 1,000 years ago, but battle lines have been drawn between conservatives and reformers in the Knights of Malta, the Catholic chivalric order and global charity. Its former leader, Briton Matthew Festing, has returned to Rome for a decisive boardroom confrontation over its future this Saturday, defying a request to stay away […]
April 28, 2017 by: Hudson Lockett in Hong Kong Friday 05.00 BST Overview Equities fell on Friday in Asia as the region’s markets took their cues from an underwhelming session on Wall Street, while currencies pared earlier rises amid mixed signals on the future of Nafta. Hot topic Asia-Pacific equities were choppy after Wall Street investors on Thursday digested the prospects of the Trump administration’s proposed tax […]
Drone maker DJI has issued a software update intended to frustrate Isis terrorists who have been using low-cost “quadcopters” to drop improvised bombs in Syria and Iraq. The move to create new “no fly zones” for its products across Iraq and Syria is DJI’s first admission, albeit a tacit one, that its products have been commandeered by terrorists. It is also the latest sign of tension between […]
DUBAI// With barely a second to take in a gulp of air, professional wrestling hopefuls were trained to run the ropes, hit the mat and take knocks under the watchful eyes of talent spotters. Forty men and women from across the Middle East and India are being pushed to their limit and beyond this weekend as part of a global search by WWE at Dubai Opera House. […]
The FCC has made its initial proposal as to how it intends to do away with net neutrality — and despite what leadership there has said, that’s definitely how the document reads. You are free to make your thoughts known on the notice of proposed rulemaking, as it’s called, and here’s how to do it. Because millions of commenters nearly crashed the entire system when net neutrality […]
Macedonia’s opposition leader was left bloodied and trapped in parliament on Thursday evening after masked men stormed the building and attacked MPs in a bid to halt steps towards forming a new government. Zoran Zaev, leader of the leftwing opposition SDSM party, was pictured bleeding from the head and standing behind supporters in the corner of a parliament conference room shortly after 8pm local time. An adviser […]
Would you like an always-ready smart speaker with a camera and a microphone in your bedroom? That’s what Amazon’s new Echo Look is all about. The original Amazon Echo was already always-listening so it wouldn’t miss any voice command, but adding a camera too is a whole different matter, especially since the new Echo Look is designed for the bedroom. Amazon Echo Look Purpose First things first: for […]
Qatar Airways grows route network This week Qatar Airways announced 12 new flight routes for 2018. The Doha-based airline will launch services to San Francisco next year, as well as Cardiff in Wales, Utapao in Thailand, Chittagong in Bangladesh, Mykonos in Greece, Málaga in Spain, Accra in Ghana, Lisbon in Portugal, Abidjan in Ivory Coast, Prague in the Czech Republic, Kiev in Ukraine and Mombasa in Kenya. […]
Growth in cable and internet customers and the box office strength of films, including the latest instalment in the Fifty Shades of Grey series, powered better than expected quarterly revenue and profit at Comcast. Net income at the largest US cable group, which owns the NBC TV networks and the Universal Pictures film studio, jumped 20 per cent to $2.6bn, or 53 cents a share, in the […]
By Georgina Cooper | CHICHESTER, England CHICHESTER, England British experts will carry out tests to try to determine how a rare copy of the U.S. Declaration of Independence found its way to an archive in southern England. The handwritten manuscript, only the second such parchment in existence, had been stored for more than 60 years in a strong-room among miles of documents in the West Sussex Record […]
The Public Broadcasting Act of 1967, which created the Corporation for Public Broadcasting (CPB) and later led to the creation of both PBS and NPR, also recognized the importance of archiving public broadcasting material in the United States. It stipulated that CPB should: …Establish and maintain, or contribute to, a library and archives of noncommercial educational and cultural radio and television programs and related materials and develop […]
Betting big on Amazon and selling the shares of traditional retailers has been a blockbuster trade for some time. Now, a small but growing number of hedge funds are wagering that the next leg of the woes afflicting bricks and mortar retailers in the US will unfold dramatically for those shopping mall owners who have largely so far been considered immune. The level of bets against some […]
Deutsche Bank must set its sights higher, its chief executive said on Thursday, after its core investment banking businesses were outpaced by US rivals in the first quarter of the year. In the three months to March, Germany’s biggest bank managed a net profit of €575m, more than double the €236m it posted in the same period a year earlier, and ahead of analysts’ expectations of €522m. […]
By Joseph Nasr | DORTMUND, Germany DORTMUND, Germany For all its economic success, Germany has a growing problem with inequality and poverty, and yet Chancellor Angela Merkel seems to be deflecting the blame so far as the battlelines are drawn for elections in September. GRAPHIC – German income inequality tmsnrt.rs/2p3AtK4 Renowned for its highly-skilled workforce, Germany has in fact a greater proportion of working poor – people […]
The big announcement of the really, really big Trump Tax Plan with the “biggest tax cuts in history” came out bigly on Wednesday, as Trump promised. Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn, Trump’s latest tax team, beamed proudly as they presented their baby. The stock market took a deep breath, then looked at their brainchild and completely petered out. First, let me say, I clearly have nothing to recant […]
European companies have been slow to capitalise on this week’s market rally — a pause in issuing new bonds that bankers do not expect to last with borrowers set to return as the spring earnings season progresses. There was no investment grade euro bond issuance from non-financial corporates last week as debt issuers sat on the sidelines ahead of the first round of the French presidential election […]
This Ramadan, put together outfits that offer both style and coverage, incorporating mainstream trends such as ruffles, denim, gingham prints and more. Here are a few ideas to get you started. newslide Look 1: Bohemian stripes Add accessories punctuated with gold hardware to a feminine, pastel-toned pinstriped dress. Dress, Dh1,390, Majem Earrings, Dh39, Call it Spring at Namshi.com Bag, price on request, Chloe at Harvey Nichols Dubai […]
Donald Trump has decided not to pull the US out of the North American Free Trade Agreement, agreeing instead with his Canadian and Mexican counterparts to “proceed swiftly” with negotiations to update the agreement, according to the White House. The move came in hastily arranged calls between the three leaders after news leaked that the White House was considering unveiling an executive order on Saturday that would have […]
Turkish policymakers surprised investors by tightening monetary conditions on Wednesday, helping to support the lira on a day of widespread weakness across emerging market currencies and prompting some to rethink their pessimism towards the country. While the Turkish central bank kept its main interest rates unchanged, it defied expectations by raising the late liquidity lending rate by 50 basis points. Describing the move as “a hawkish surprise”, […]
Two of America’s most prominent Republican dynasties — the Bushes and the Romneys — are locked in a $1bn-plus battle to acquire the Miami Marlins baseball team, in a tangled sale process that previously included a rival bid from the family business of Jared Kushner. A consortium bid fronted by Jeb Bush, the former Florida governor and presidential candidate, and Derek Jeter, the retired New York Yankees […]
Netflix saw a flood of demand for a €1.3bn bond sale on Wednesday, as supply-starved junk debt investors put aside concerns around the US streaming service’s substantial cash burn to get a piece of its debut euro deal. The sub investment-grade rated company announced the deal on Monday as a €1bn 10-year bond to help fund its international expansion and planned shift to developing more original content. […]
In the month of April, two different verdicts from two different cases were passed in two very different courts in Pakistan. Two different men were on trial accused of two different crimes. One was let off easy for now, while the other was declared as guilty as guilty could be. Safe to say both verdicts were the cause of consternation and confusion. One of course, was the […]
