Democrats on a congressional committee have accused Wells Fargo of stonewalling them as they investigate the US bank over sham customer accounts, hinting they may intensify their probe as a result. In a letter on Friday to Wells’ chief executive Tim Sloan, the party’s most senior member of the House financial services committee complained the bank had yet to agree to put forward executives for interviews despite […]
I think that Donald Trump has invented a new use for quotation marks. In several now-famous tweets, the president accused Barack Obama of wiretapping him during the election. Trump used quotation marks around versions of the word but also used the word without quotes. When the accusation was criticized from many quarters, Trump, and those speaking for him, said that when the president said “wiretapping”, he really […]
Hundreds of men and women with limited access to proper hospitals, medical insurance or awareness were tested and screened for breast cancer as the Pink Caravan came to a close yesterday. The 7th Pink Caravan ride, the breast cancer campaign, held its final event at Zayed Sports City in the capital with a seven-kilometre walk to raise awareness of the topic. The 10-day trek, themed Seven Years […]
AIG’s outgoing chief executive Peter Hancock is in line for a $5m payment on top of his regular pay deal, part of an exit package that the insurer said was “consistent with a termination without cause”. The disclosure comes a week after AIG rocked the insurance sector when the company said its chief was leaving after less than three years at the helm following a series of […]
Beijing, China – 16 March 2017 On the sidelines of King Salman bin Abdulaziz visit to China and during the 2017 ‘Saudi-China Investment Forum’, Huawei Tech. Investment Saudi Arabia and Royal Commission for Jubail and Yanbu have signed a milestone agreement to establish a training academy and a smart city innovation center in Yanbu, Saudi Arabia, accelerating smart city deployment in line with the Kingdom’s Vision 2030. […]
Are you sick and tired of opening a new web page and being greeted by a loud, obnoxious advertisement? I sure am. Pop-up and pop-under ads were bad enough, but now it seems like I can hardly go to a site without having a video start up with a blaring voice braying about a great diet, deal, or the like. I’m looking at you, Facebook. It’s easy […]
Mulesoft, a software “unicorn”, gained 46 per cent in its trading debut in New York on Friday, the latest in a number of hot listings that are reviving the US market for initial public offerings. Mulesoft rose to $24.75 after pricing at $17, giving the IPO the best first-day “pop” this year, according to Dealogic. The performance follows recent first-day gains from Canada Goose, the maker of […]
For Diana Sugg, writing a big story is a little bit like eating a slice of pizza. Don’t try to bite off more than you can chew at the beginning, said Sugg, a Pulitzer Prize-winning editor at The Baltimore Sun. Start with the small end. The slice — and the story — gets wider the farther in you go. At the beginning, find something appetizing and easy to “swallow” […]
Jeroen Dijsselbloem, the Dutch finance minister who served as the eurozone’s chief dealmaker during some of the bloc’s biggest crises, may become a high-profile casualty of his national elections, with his Labour party unlikely to remain in government after losing three-quarters of its seats. The drubbing means Mr Dijsselbloem, who has served as eurogroup president for more than four years, may have to relinquish the post before […]
Markets do not have a clue how to handle political populism. They are still frightened of it, even though last year’s populist earthquakes in the UK and US are yet to have the drastic consequences that had been feared, and they cannot gauge its chances of success. This might yet create opportunities for those who can stomach some risk. This was a great week for European stocks, […]
It is not uncommon for younger people to believe that cancers such as colon and rectal cancers afflict mostly older individuals. Recent study, however, has shown that the number of Gen X and millennials diagnosed with this disease each year is increasing as the number decreases for adults over the age of 50. While the main reason for the increase in diagnosis for Gen X and millennials is relatively […]
In Nairobi, children kick a football down the street pretending to be Ronaldo. In London, K-pop is on MTV. And in an Abu Dhabi mall, a queue forms outside the latest bubble-tea cafe. We have all become familiar with the continuous creep of globalisation. So it’s not surprising that, like other industries, classical music hasn’t been left behind. Next week, one of the bastions of the British […]
By Julia Fioretti | BRUSSELS BRUSSELS Social media companies Facebook Inc, Alphabet Inc and Twitter Inc will have to amend their terms of service for European users within a month or face the risk of fines, a European Commission official said on Friday. U.S. technology companies have faced tight scrutiny in Europe for the way they do business, from privacy to how quickly they remove illegal or […]
Bob Diamond, the former Barclays chief executive, has teamed up with the investment vehicle of the Qatari royal family to launch a bid for Panmure Gordon, the lossmaking stock broker and investment bank. Panmure, whose name dates back more than 140 years, is suffering like many mid-cap brokers from a number of structural challenges, including increased regulation, fewer deals and lower corporate retainers. The deal may be […]
Saudi Arabia’s push to boost political and trade ties with the Maldives faces growing resistance as activists in the archipelago oppose plans for an ambitious development project funded by the kingdom. King Salman bin Abdulaziz, who is on a month-long tour of Asia as Saudi Arabia seeks to deepen alliances with predominantly Muslim states in the region, is due to visit the Indian Ocean nation at the […]
The parkas that have made it to the top of Mount Everest and the cover of Sports Illustrated’s swimsuit edition have found their way to Wall Street. Shares of Canada Goose, the maker of down winter coats with coyote fur trim and a circle patch logo, soared in their New York debut on Thursday, rising 26 per cent to $16.08 after pricing at $12.78 a piece, above […]
Authored by Michael Jabara Carley via The Strategic Culture Foundation, On 10 January 2017 Canadian Prime Minister Justin Trudeau fired his minister of external affairs, Stéphane Dion, and replaced him with Chrystia Freeland, who was then minister of international trade. This cabinet shuffle might not have gotten much public notice except that Dion is a distinguished parliamentarian, former leader of the party and leader of the opposition, […]
William “Billy” Walters’ stomach for taking risky bets and reading “tells” of opponents made him one of the most successful sports gamblers of all time. It is the same strategy he used to invest in the stock market, his lawyer told a jury as opening statements began in his $40m insider trading trial. Prosecutors have accused Mr Walters of making over $30m in profits and avoiding $10m […]
Retail stocks were once again heading straight for the discount bin on Wednesday. Struggling department store operator Macy’s was the day’s biggest decliner on the S&P 500, dropping 2 per cent to $30.32 following news that one-time suitor Hudson’s Bay now has its eyes on upmarket retailer Neiman Marcus instead. Shares in Macy’s, which have been languishing at six-year lows amid falling sales and profits, had rallied […]
A computer security firm on Wednesday revealed a flaw that could let hackers break into WhatsApp or Telegram messaging accounts using the very encryption intended to protect messages. Check Point Software Technologies said that it alerted Telegram and Facebook-owned WhatsApp last week, waiting until the vulnerability was patched before making it public. Check Point did not specify how many messaging accounts were at risk, but did […]
From lush landscapes to buzzing cities, Vietnam is designed to dazzle. Few countries have changed so much in so little time. This intrepid corner of Southeast Asia has persevered through colonialism, communism, war and poverty, and like the proverbial phoenix, has risen again to claim top spots on countless bucket lists. Prepare for sensory overload. Though it has not forgotten its past, Vietnam has come roaring into […]
By Tom Körkemeier and Shadia Nasralla | BRUSSELS/VIENNA BRUSSELS/VIENNA Turkey has blocked some military training and other work with NATO “partner countries” in an apparent escalation of a diplomatic dispute with EU states, officials and sources said on Wednesday. Turkey was not immediately available to comment, but sources said it had blocked NATO’s 2017 rolling programme of cooperation with non-EU countries, including political events, civilian projects and […]
Key points ● Treasury yields have fallen, with the 10-year yield lower by 9 basis points to 2.50 per cent● Market expectations for at least four Federal Reserve rate increases this year dipped to less than one-in-five● Wall Street has extended gains, S&P 500 gaining as much as 0.9 per cent to 2,387.23● US dollar falls across the board, with the dollar index down 1 per cent […]
Three-dimensional chip stacks could be used in computers in the future. Integrated microscale flow batteries could both power and cool them. Credit: IBM Research Zurich Researchers at ETH Zurich and IBM Research Zurich have built a tiny redox flow battery. This means that future computer chip stacks—in which individual chips are stacked like pancakes to save space and energy—could be supplied with electrical power and cooled at […]
