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CAIRO Islamic State supporters posted a video on Wednesday showing an elderly German man believed to have been kidnapped by Filipino Islamist Abu Sayyaf rebels last November. The video shows the German man in an orange jumpsuit standing in a freshly dug grave as black-clad and masked militants behind him spoke Arabic and threatened the German government in English while the Islamic State black flag stood in […]

Sonos has promoted former BlackBerry manager Patrick Spence to take over as chief executive from founder John MacFarlane, after the rise of streaming music services propelled the wireless speaker maker to further growth last year. The change comes as 15-year-old Sonos repositions itself to take advantage of a new wave of voice-controlled “virtual assistants” such as Amazon’s Alexa and connected-home technologies. Mr Spence joined the California-based company […]

By Engen Tham and Samuel Shen | SHANGHAI SHANGHAI China’s forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan’s prospects to themselves, several bankers said. Both demands are seen as an attempt by the authorities to prevent alarm that could trigger further declines in the yuan, the bankers from […]

TOKYO Japan’s government is planning legal steps that would allow Emperor Akihito to abdicate and his son to ascend the throne in two years, media reported on Wednesday, potentially setting the stage for the first abdication in two centuries. Japanese Emperor Akihito, 83, hinted in August that he wanted to abdicate, saying he worried that age might make it difficult for him to carry out his duties […]

Norway will today become the first country in the world to begin switching off FM radio and moving fully to digital in a move that has stoked controversy nationally and widespread interest abroad. The switch-off will start in the town of Bodo, northern Norway, at 11.11am and will be rolled out across the country throughout this year. Countries such as the UK, Switzerland and Denmark will be monitoring […]

Saudi Arabia plans to follow its record breaking debut on global debt markets with an Islamic bond issue in a sale that could come as early as February. The sharia-compliant sukuk will form part of a pipeline of bond sales to finance the kingdom’s budget deficit and invest in economic diversification away from oil and is likely to appeal to regional investors in the Gulf. Last year, […]

Uber’s policy chief David Plouffe is leaving the company to join the Chan Zuckerberg Initiative, the philanthropic group led by Facebook founder Mark Zuckerberg and his wife, at a time when Uber’s policy battles around the world continue to heat up. Mr Plouffe, who served as President Barack Obama’s campaign manager in 2008, joined Uber in 2014 and saw the company through some of its fiercest political […]

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The New York Stock Exchange plans to end floor trading on its NYSE MKT venue for small capitalisation stocks in the latest example of financial dealings going completely electronic. The move, earmarked for the second quarter, comes as NYSE prepares to transition that market to Pillar, an integrated trading technology platform designed for its equities and options markets, according to a regulatory filing. It represents another shuttering […]

Since the start of the 21st century the South American nation of Suriname, population 540,000, has been riding a commodity boom that yielded major benefits for a country rich in bauxite, gold, oil and bananas. From 2000 to 2014, annual per capita income more than quintupled to almost $10,000. Child mortality fell by a third. A child born there today can expect to live to 70, up […]

The FTSE 100 notched up its longest run of record highs on Tuesday as another low for sterling helped the UK’s blue-chip index outperform European peers. The main London benchmark added 0.5 per cent, up 37.7 points to 7,275.47. It was the FTSE’s ninth consecutive record-high close as well as its 11th consecutive gain, a winning streak it has only equalled three times — in 1997, 2004 […]

To address criticism from regulators and public policy groups, Microsoft is making some changes in its privacy practices. Of all the body blows Microsoft has absorbed in the past 18 months over Windows 10, the criticisms of its privacy policies have to sting the most. Last summer, the French National Data Protection Commission (CNIL) issued a formal notice against Microsoft, ordering that the company “stop collecting excessive […]

Short-lived compounds like greenhouse gas methane stay in the atmosphere just between a year and a few decades. However, researchers have found that they can cause lingering warmth that can lead to sea levels rising for centuries long after the compounds have been cleared from the atmosphere. In a study published in the journal Proceedings of the National Academy of Sciences, researchers from the Simon Fraser University and […]

The debate about “fake news” has gripped politics since the election of Donald Trump in November and has entered markets as investors spar over a “great rotation” from bonds into stocks. Long predicted by some analysts, expectations of a pronounced rotation out of low-yielding bonds and defensive share sectors into areas of the equity market that prosper from faster economic growth have been heightened by the prospect […]

For more evidence that central bank intervention in the foreign exchange market is increasingly becoming an exercise in futility – look no further than Mexico. The peso briefly sank to a fresh all time low against the dollar on Tuesday, dropping by as much as 1.1 per cent to MXN 21.6227, as concerns continue to mount over incoming US president Donald Trump’s trade rhetoric towards Mexico, report […]

Jeremy Corbyn has backed a cap on high earnings as a way to reduce income inequality, as the Labour leader makes a fresh pitch to UK voters. Mr Corbyn told the BBC on Tuesday: “I would like there to be some kind of high earnings cap, quite honestly.” The Labour leader described the UK as a bargain basement economy on the shores of Europe. “We have the […]

Good morning. Elites caught in a bubble? John Oliver and Meryl Streep bashed Donald Trump and praised journalism. Donations soared for two nonprofits praised by them: ProPublica and the Committee to Protect Journalists. Hip, hip, hoorah. Truth and justice win out over the forces of darkness. Or did they? You couldn’t try harder, or be more articulate, than Streep. “It was simply stunning: eloquent and urgent, the […]

January 10, 2017 by: Nicole Bullock in New York US stock market bulls can be forgiven for feeling like Vladimir and Estragon, the two characters in Waiting for Godot. Donald Trump’s promise to cut tax and business regulation sent the Dow Jones Industrial Average up more than 8 per cent in quick order following his election in early November. However, it has failed to crack the 20,000 […]

I didn’t previously lead a healthy life. I had no idea what superfoods were until quite recently, and until I was 21 (three years ago), had never ordered a salad in my life. But after I graduated from university in the United Kingdom two years ago, I started to change all that. I had to change my lifestyle at some point. I wasn’t overweight, but I have […]

January 10, 2017 by: Henry Mance, political correspondent Boris Johnson has claimed Britain is “first in line” for a post-Brexit trade deal with the US, following meetings with Republican congressional leaders including Mitch McConnell and Paul Ryan. The foreign secretary visited New York and Washington, paving the way for an official trip by Theresa May to meet Donald Trump later this year. For Mr Johnson, the visit […]

Yep, it’s still falling. Turkey’s battered currency is taking no break from its recent woes at the start of European trading this morning and is down another 1.2 per cent against the dollar on the day. That takes its 2017 losses to an already whopping 7 per cent against the greenback at TRY3.7589 – another record low having suffered its worst daily blow since July just yesterday. […]

KUALA LUMPUR The Sulu Sea between eastern Malaysia and the Philippines has become dangerous for merchant shipping due to rising threat of kidnappings, the International Maritime Bureau (IMB) said on Tuesday. The Sulu archipelago is a stronghold of the Abu Sayyaf, an al-Qaeda linked group notorious for kidnappings and, increasingly, piracy. The IMB report was released just hours after armed men attacked a fishing boat, killing eight […]

A man wearing a VR headset experiments with a merged reality experience using Project Alloy at the Intel exhibit during the 2017 Consumer Electronic Show in Las Vegas Virtual reality sought its stride Friday at the Consumer Electronics Show, where despite being a hot topic there was little sign it is racing into mainstream culture. Show floor space devoted to virtual reality abounded with companies diving into […]

The Federal Reserve should be ready to consider reducing the size of its balance sheet as part of its efforts to prevent overheating in the US, a senior policymaker said as he noted the pick-up in wage inflation and predicted a return of inflation to target by the end of the year. Eric Rosengren, the president of the Federal Reserve Bank of Boston, said that if the […]

Tuesday 02:10 GMT Overview Stock and currency markets across Asia were mixed as Wall Street again pulled back from record highs, leaving the Dow Jones Industrial Average shy of the 20,000 milestone. Hot topic Producer price inflation in China continued to climb, with data showing wholesale prices rose in December at their fastest pace since September 2011. The producer price index was up 5.5 per cent year […]

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