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Your daily guide to community and cultural activities across the Emirates for April 20, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Al Ain Cultural event Celebrate […]

Qualcomm beat Wall Street’s sales and profit forecasts for its second quarter as the mobile chipmaker’s performance was boosted by the launch of new smartphones including Samsung’s Galaxy S8. However, the company on Wednesday warned of greater uncertainty in its outlook for the next quarter because of its legal battle with Apple, some of whose contract manufacturers have withheld about $1bn in royalty payments to Qualcomm in […]

India’s government is allowing app developers to use its biometric database of more than a billion citizens as part of an initiative called “India Stack.” The developers can use customers’ fingerprint and iris scans to compare against records stored as part of the government’s vast biometric data-collection program, to create new ways to access insurance, banking, healthcare and employment. As outlined in a Wall Street Journal article, […]

A former Indonesian education minister yesterday won the race for Jakarta governor yesterday after a polarising campaign that cast a shadow over Indonesia’s reputation for practising a tolerant form of Islam.Anies Baswedan won with 58% of the votes versus 42% for Basuki Tjahaja Purnama, known by his Chinese nickname as “Ahok”, based on 100% of the votes in an unofficial “quick count” by Indikator Politik.Other pollsters showed […]

Fund managers are buying eurozone equities and shunning Wall Street, as a major survey of global money managers this month revealed the fifth-biggest rotation from US to European stocks since the start of monetary union in 1999. The survey of 203 fund managers by Bank of America Merrill Lynch showed a record number — a net 83 per cent — believe US stocks are overvalued and that […]

Even special dispensation from Pope Francis probably won’t save Bill O’Reilly. O’Reilly was in a VIP line at the Vatican on Wednesday as a holy war over his employment status was apparently climaxing in New York. He’s apparently a goner from his mega-successful Fox News show, “The O’Reilly Factor,” in a turn of events that will further spotlight the precarious nature of finding winning TV personalities. Indeed, […]

An organization of restaurant workers and a hotel booking agent in Washington, D.C. have joined a federal lawsuit accusing President Donald Trump of receiving unconstitutional “emoluments.” As The Wall Street Journal earlier reported, Mr. Trump faces a lawsuit claiming his business interests run afoul of rarely litigated constitutional provisions aimed at preserving presidential independence and […] (via WSJ)

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Iceland’s finance minister has admitted it is untenable for the country to maintain its own freely floating currency, just days after it lifted capital controls imposed in the wake of its near financial collapse in 2008. Benedikt Johannesson told the Financial Times that the Nordic island of just 330,000 people would look at options to link Iceland’s krona to another currency, most likely the euro or pound. […]

As I dive overboard and into the warm, milky blue waters, a thought crosses my mind. Is this the third or fourth near-pristine beach our boat has cast anchor off today? I continue to ponder this question as I strap a mask and snorkel to my head, dip my face underwater and gaze in pleasure at the wrasse and butterfly fish darting between boulders and coral heads. […]

Investors are refusing to call time on expectations of a sustained recovery in the global economy, after propelling global markets to their best quarterly performance since 2013. Money managers say they are willing to look past rising political uncertainty in France and the US and bet on what they view as an acceleration in activity and synchronised economic advances across developed and emerging markets. Expectations of US fiscal stimulus […]

Here is a selection of five charts that FT Markets believes are important signals for investors as the second quarter begins. 1. US equities How expensive does the US equity market look? This is perhaps the biggest question facing money managers. The answer is “very”, based on the S&P 500’s 12-month forward price-to-earnings ratio, divided by the current low level of Vix, or implied volatility, as the […]

That big hug was just what Mr. Sisi’s government sought, said Eric Trager, a scholar on Egypt at the Washington Institute for Near East Policy. “It wants to see the White House legitimate it, and set it on a new course.” Continue reading the main story The scene provided a powerful counterpoint to Mr. Sisi’s many critics, in Egypt and abroad, for whom he is known as […]

By Yashaswini Swamynathan U.S. stocks were flat on Monday, with investors awaiting the earnings season to justify high valuations, and, more immediately, the implications of President Donald Trump’s “very difficult” meeting with Chinese President Xi Jinping. Trump said in a tweet last Thursday that the meeting over the coming Thursday and Friday would be “a very difficult one” as the United States could not risk massive trade […]

By Ulf Laessing | MOSUL, Iraq MOSUL, Iraq Sitting in a wheelchair and wearing sunglasses, pensioner Abdelraziq Abdelkarim enjoys the afternoon sun outside his house in Mosul after a day of rain. He does not flinch when a mortar opens fire just around the corner. His home is on the busiest frontline in the northern Iraqi city just 200 m (yards) from Islamic State positions. Outside his […]

Monday 09:35 BST What you need to know ● Equities starting second quarter on the front foot● S&P 500 futures just 1.5 per cent off record and Euro Stoxx up 0.4 per cent ● Investors keeping a watch on national manufacturing surveys● Dollar little changed against peers and South African rand continues to slide● Brent and WTI crude hold above $50 a barrel, while gold soft——————- Hot […]

With so many respected newsrooms still adjusting to having the president call them “enemy of the American people,” next week’s announcement of the 2017 Pulitzer Prizes feels like a showdown. What will the winning journalism say about the press’ value to the public? We’re about to find out. Pulitzer selections reflect a closed-door, two-step process at New York’s Columbia University, which administers the prizes. Jurors from around […]

By Jonathan Spicer | NEW YORK NEW YORK The Federal Reserve could begin shrinking its $4.5-trillion balance sheet as soon as this year, earlier than most economists expect, New York Fed President William Dudley said on Friday in the central bank’s most definitive comments on the question that looms over financial markets. The hawkish-sounding assertion temporarily pushed the dollar lower and raised yields on longer-dated bonds, and […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. There is dumb provocative, which we can associate with talk radio and President Trump’s tweets, and there is smart provocative. Nieman Lab offers the latter as it wonders if the media and American banking are soulmates when it comes to […]

When Unilabs, the Swiss medical diagnostics business owned by private equity firm Apax, sought buyers to refinance its loans this month, it was by invitation only. The decision to restrict who could buy its loans, while also cutting typical investor protections, is a classic sign of a red-hot credit market in which private equity owners are emboldened to sideline investors who will be more demanding should a […]

By Mark Hosenball | WASHINGTON WASHINGTON U.S. President Donald Trump on Friday backed a decision by his former national security adviser to seek immunity in congressional investigations of possible ties between his election campaign and Russia, but there was no immediate sign a request would be granted. Retired General Michael Flynn, who resigned only 24 days after becoming national security adviser, wants protection against “unfair prosecution” if […]

Wall Street fell on Friday, pulled down by Exxon and JPMorgan Chase as investors wrapped up a strong quarter and weighed whether corporate earnings reports will justify the market’s lofty valuations. Major indexes have hit multiple record highs since the election of President Donald Trump on bets that he would improve economic growth by cutting taxes and boosting infrastructure spending. The rally has also benefited from robust […]

Celebrations marking the Hindu festival of Holi stretch across cultures and continents in 2017, the coming of spring announced by cosmopolitan crowds playfully throwing brightly coloured dyes at one another. But few Hindus or Indians, even, will ever experience Holi with the intoxicating intensity or carnalistic force as the residents of Mathura, a town in Northern India known as the birthplace of Krishna. For eight days and […]

President Donald Trump said immunity should be offered to former national security adviser Michael Flynn in exchange for his congressional testimony in to Russian interference in the US election, an inquiry both men dismissed as a “witch hunt”. Mr Flynn’s lawyer on Thursday said the former general had offered to testify in the House and Senate intelligence committees’ hearings on Russia, only if he had reasonable assurances […]

They don’t go in for pomp and ceremony at the US Federal Reserve. The retirement of Daniel Tarullo next Wednesday will be marked by coffee and doughnuts, according to a person familiar with the send-off. That’s a pity, in a way, as the departure of the 64-year-old member of the board of governors — and the world’s most fearsome bank regulator — marks a seminal moment on […]

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