At least 28 people were injured on Saturday evening after a pickup plowed into a crowd during a Mardi Gras parade in New Orleans, police said according to WDSU. New Orleans Police Department spokeswoman Ambria Washington says that “initial reports show so far that about a dozen people are in critical condition.” She says that number could increase as the investigation continues. #mardigras Video Of Aftermath […]
Written by Ritu Sarin | New Delhi | Updated: February 21, 2017 4:43 pm In majority cases, responses are awaited from offshore entity owners on the purpose of setting up these companies and the nature of financial transactions. The Panama Papers probe in India has gathered pace with the Enforcement Directorate (ED) dispatching what is being described as “advisories” to over 100 people named in the global […]
Corporate speeches usually avoid talk of a “difficult and dark” past. But this month Mark Cutifani, head of Anglo American, defended the South African mining industry’s record on opening up ownership to the country’s black majority. With the government planning to shore up black participation in mining, the next few months are the most critical in the sector’s 150-year history, Mr Cutifani said. Many “still don’t understand” […]
February 25, 2017 by: Arash Massoudi and Javier Espinoza Bain Capital has made a €3.6bn offer to buy Stada, as the bidding war between private equity firms for the German maker of generic versions of drugs such as Viagra nears its climax. The offer from the US-based buyout group values shares in Stada at €58 a share and comes two days after its rival Advent International also […]
Suppliers to Tesla and other electric carmakers are scrambling to secure shipments of the key battery material cobalt after a group of hedge funds amassed a large stockpile of the scarce metal. In a bold wager on higher prices, half a dozen funds, including Swiss-based Pala Investments and China’s Shanghai Chaos, have purchased and stored an estimated 6,000 tonnes of cobalt, worth as much as $280m, according […]
SoFi, the biggest and the brashest of a new breed of online lenders in the US, has sealed a $500m funding round, giving it firepower to push into new products and markets including Canada and Australia. The private San Francisco-based company last received a big shot of funds — its fifth — in September 2015, when SoftBank of Japan led a $1bn round, the biggest in the […]
Submitted by Jeremiah Johnson (nom de plume of retired Green Beret of the United States Army Special Forces) via SHTFPlan.com, As of this writing a tremendous number of things are happening in North Korea and Russia. Although these are not events that seem momentous, they are quite profound when taken into consideration with the grand scheme: the worldwide plot to form a state of global governance. These […]
Iraqi fighter jets struck Isis positions in neighbouring Syria on Friday, in what officials said was retaliation for a spate of car bomb attacks in the capital Baghdad. The air strikes coincided with Iraq’s ground forces pushing deeper into the western half of Mosul and reaching the first residential districts. Iraq’s second city, a critical Isis stronghold split by the Tigris river, is divided between government forces […]
European equity funds attracted their largest weekly inflows in more than a year as institutional investors bet on a recovery taking hold across the continent. Investors added $1.1bn to funds investing in European stocks in the seven days to February 22, a haul that nearly matched the inflows of the preceding four weeks combined, according to data from EPFR. This was despite outflows from dedicated French stock […]
By Mica Rosenberg | NEW YORK NEW YORK A U.S. Department of Homeland Security plan to add more than 5,000 border enforcement agents will present logistical challenges and might be unnecessary, according to former government officials familiar with earlier pushes to accelerate border hiring. Three former top officials at U.S. Customs and Border Patrol (CBP) told Reuters in interviews that ramping up hiring at the agency, as […]
The revelation that Kim Jong Nam was killed with the deadly nerve agent, VX, transforms a brutal piece of internecine political bloodletting into something with far broader implications. Although it denies responsibility, few doubt the North Korean regime is responsible — and is flashing signals to its enemies. “It is more than just killing someone,” said Patricia Lewis, research director at policy institute Chatham House. “This was […]
Primary dealers have warned of obstacles to the US Treasury introducing very long-dated bonds, despite some early support for the plans. This week Steven Mnuchin, Treasury secretary, said his staff had begun to look into issuing US government debt with maturities of as long as 50 or 100 years. Such a move would be a historic shift in policy for the $14tn Treasury market, which has resisted […]
Ford has spent the last few years transforming itself from a car company into a technology and transportation company. Ford still wants to sell cars, but increasingly the company focuses on how those vehicles interact with city infrastructure, other vehicles, and the passengers themselves. One of the executives leading that imitative is Don Butler, Director of Connected Vehicles and Services at Ford. I spoke with […]
For years, it was something in the olive oil. Scientists, puzzled by the lengthy lifespans of Mediterranean communities, pointed to the condiment as a key ingredient in the elixir of life. Then there was Japan, whose lengthy spell at the top of global longevity rankings was put down to its citizens’ low-fat diet and love of raw fish. Now, with South Koreans storming to the top of […]
The onset of the Trump era forced economists to confront their doubts about their usefulness to the public. They shared this ordeal with political forecasters, Democrats, logicians and journalists. Maybe we all deserved the anguish. Those economists who remain in a funk should nonetheless snap themselves out of it. One reason is that the sappy self-loathing economist is now embarrassingly cliché. Take it from a sappy self-loathing […]
Google has announced that it has cracked the Secured Hash Algorithm 1 (SHA-1) cryptographic function, marking a milestone that spells both danger and opportunity for the computing world. The unprecedented feat was achieved through the real-world collision attack on the cryptographic algorithm, which led to the production of two PDF files that contain similar SHA-1 signature. What Is SHA-1? As a mathematical algorithm, the SHA-1 is capable […]
February 24, 2017 by: Nic Fildes, Telecoms Correspondent Shine Technologies has reversed roles, revealing it will stop selling its popular ad-blocking technology to telecoms companies, and instead launch an advertising service. The Israeli company backed by Hong Kong billionaire Li Ka-shing built its name as one of the leading companies in the ad-blocking sector, automatically filtering marketing from the screens of smartphones. Its technology was embedded at […]
Oscar-winning actor Al Pacino is set to visit Saudi Arabia on May 11-12 as part of the General Entertainment Authority schedule for 2017, which aims to boost the kingdom’s entertainment and film sector. The event titled “An Evening with Pacino,” will take place in Riyadh and then Dammam. It will see Pacino share rare backstage stories and inner workings of his personal projects with a live audience […]
Friday 05.00 GMT Overview Asian stocks looked set to end a solid week on a down note, taking their cue from a subdued session on Wall Street as investors looked past some optimistic comments on US tax cuts and failed to catch a boost from higher oil prices. Hot topic Steve Mnuchin, the US Treasury Secretary, said the White House wanted to pass “very significant” tax reform […]
LONDON Britain’s ruling Conservatives won a parliamentary by-election in the north-west English region of Copeland on Friday, taking control of a once safe seat held by the opposition Labour Party and the first such gain by a ruling party since 1982. The Conservatives, who had been bookmakers favourites ahead of the vote, won by a margin of more than 2,000 votes from Labour. The vote, which was […]
The deadly nerve agent VX was used in the murder of the North Korean leader Kim Jong Un’s brother, investigators in Malaysia said on Friday. Analysis of swabs from Kim Jong Nam’s eyes and face found VX, a chemical weapon, according to a preliminary report. It is described by the US Centers for Disease Control and Prevention as “the most potent of all nerve agents”, with a […]
US and European authorities eased enforcement of new derivatives rules on Thursday less than a week before the standards come into effect, allowing small financial institutions more time to prepare for the wide-ranging reforms. In a series of statements hours apart, supervisory watchdogs bowed to growing concerns of a potential dislocation in the swaps market and hundreds of unprepared pension funds, asset managers and credit institutions likely […]
Rex Tillerson, US secretary of state, struck a conciliatory tone during a visit to Mexico, saying the neighbouring countries had an opportunity to upgrade their economic relationship. After meeting Mexican officials during his second mission as the top US diplomat, Mr Tillerson said the countries had agreed to “seize the opportunity to modernise and strengthen our trade and energy relationship”. His remarks came just after President Donald […]
Selling pressure on French bonds ebbed on Thursday, pushing the yield on the 10-year bond back below 1 per cent, as the prospect of a centrist alliance in the country’s presidential election eased anxiety that far-right candidate Marine Le Pen will win. The decision on Wednesday by independent candidate François Bayrou not to stand in the country’s elections, and instead throw his support behind fellow centrist Emmanuel […]
