Tesla Transport underpins and supports both urban and rural living worldwide. Whether this is just a runaround to get from A to B, a flight to get to a conference or distribution networks for parcels and supplies, companies and the general public require a strong transport infrastructure for cities and businesses to thrive. However, as transport is so ingrained, new and innovative solutions are required to lessen […]
By Yashaswini Swamynathan Wall Street aimed to end 2016 on a positive note, setting up the Dow for its best annual performance since 2013 amid increasing optimism about the outlook for the economy. The markets have shown surprising resilience to major political events, such as Britain’s vote in June to leave the European Union and the election of Donald Trump as U.S. president in November. U.S. stocks, […]
Dec 30, 2016 11:20 am IST From an incarcerated pigeon to luxury car owners who have nowhere to drive, here are some interesting articles from India that you could have missed this year. Why the Vast Majority of Women in India Will Never Own a Smartphone Eric Bellman and Aditi Malhotra reported on why technology, promoted as a social equalizer, is having the opposite effect in one […]
Wall Street’s most important equity barometer is on track for its biggest annual recovery since the beginning of the bull market, underscoring the sharp turn in investor sentiment following the worst start to a year on record. The S&P 500 index is poised for an 11 per cent gain in 2016, shaking off a brutal start that at its lowest point in February left it down 10.5 […]
By Yashaswini Swamynathan Wall Street looked set to open little changed on Thursday, a day after the S&P 500 index suffered its biggest fall in two months, putting a damper on a post-election rally. A report showed the number of Americans applying for jobless claims fell by 10,000 to 265,000 last week, indicating sustained strength in the labor market. U.S. equities had been enjoying a rally since […]
India’s former central bank chief Raghuram Rajan was once described as a “rock star” economist but the Reserve Bank of India’s new deputy governor has actually written an album of songs. Viral Acharya, a New York University professor, was on Wednesday named as a deputy governor of the Reserve Bank of India. Not only does Mr. Acharya have an impressive professional and academic record, he is also […]
By Jamie McGeever | LONDON LONDON European shares, the dollar and bond yields fell on Thursday, with traders using the quiet holiday period to book some profit on the rise that had lifted all three to multi-year and in some cases record highs recently. Weakness in European financial stocks helped push broader indices into the red, extending the slippage after soft U.S. housing data the previous day. […]
Some of the biggest law firms on Wall Street are scrambling to shore up their defences against cyber attacks, in the wake of a raid by Chinese hackers which led to millions of dollars of profits from insider trading. Preet Bharara, US attorney for the southern district of New York, this week charged three individuals who he said infiltrated law firms over a period of about 18 […]
By Yashaswini Swamynathan Wall Street lost ground for the first time in three days on Wednesday due to declines across sectors, slowing the Dow’s race to 20,000. The blue-chip index came within 19 points of the milestone shortly after the open, before slipping into negative territory as losses in Boeing (BA.N) offset Goldman Sach’s (GS.N) 0.86 percent gain. Boeing fell 0.8 percent to $156.26 after Delta Air […]
By Shinichi Saoshiro | TOKYO TOKYO Asia stocks followed Wall Street higher on Wednesday, while the dollar firmed against the yen following the release of upbeat U.S. economic data overnight. Crude oil prices held large gains on expectations of supply tightening once oil-producing nations implement a scheduled output cut. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.4 percent. Australian stocks rode a rise in […]
Dec. 27, 2016 6:57 p.m. ET The conviction rate for blasphemy in Indonesia is 100%, and that’s bad news for Basuki Tjahaja Purnama. The talented Jakarta Governor faces up to five years in prison after a court decided Tuesday that prosecutors have a credible case against him for making lighthearted comments about the Quran. A conviction will deprive Jakarta of an able administrator and reformer, but the […]
By Yashaswini Swamynathan Wall Street was higher on Tuesday, with the Dow Jones Industrial Average resuming its climb toward 20,000 and the Nasdaq hitting a record as technology and health stocks rose. The blue-chip index has been riding on a post-election rally, feeding on optimism that President-elect Donald Trump’s plans for deregulation and infrastructure spending would bolster the economy. The index, which came within 13 points of […]
India’s Parsis are one of the most successful minority and migrant groups in the world. They make up less than 0.005% of India’s population but three out of the country’s top 10 billionaires. They fled Iran and settled in India in the 10th century and have since played an outsized role in the evolution of India’s economy as pioneers of trade and industry. For centuries, prominent Parsis […]
In order to meet this demand for fresh content — a demand created by the process that supplies it — Jukin scales idle browsing to industrial proportions. A researcher, on average, watches 200 clips daily. That’s a thousand videos each week, or 50,000 per year, give or take. The company’s research is aided by proprietary software called Riff, which generates feeds based on niche viral keywords. Maybe […]
Law Blog rounds up the morning’s legal news: Pooled accounts: Tens of billions of dollars every year move through opaque law-firm bank accounts that create a gap in U.S. money-laundering defenses, according to a Wall Street Journal analysis. [WSJ] Judicial vacancies: Donald Trump is set to inherit an uncommon number of vacancies in the federal […] (via WSJ)
By Patrick Graham | LONDON LONDON Share prices inched higher on Tuesday as trading in some of the world’s major financial markets resumed after a Christmas break, with oil and the dollar also rising marginally. Concerns about Italian banks, Chinese growth and U.S. President-elect Donald Trump’s protectionist bent look set to keep investors on edge into the start of 2017. But expectations the new administration will splash […]
Stacie Overton Johnson and Adam Workman pick their favourite restaurants of the year, based on great decor and ambience as well as fabulous food. • Reviewed meals are paid for by The National and conducted incognito. Contact the restaurants as prices may have changed since our original reviews newslide Abu Dhabi Butcher & Still Very few of us will ever be cool enough to recreate the Al […]
MILAN/LONDON On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train toward the medieval city of Siena, racing to meet the directors of the world’s oldest bank to present them with a rescue plan. Monte dei Paschi di Siena, Italy’s third-largest lender, was destined to be wound down within months unless it could raise billions of euros and pull […]
KABUL There was an angry reaction in Afghanistan to news that the first female fixed-wing pilot in the country’s air force was requesting asylum in the United States after completing an 18-month training course. The Afghan defence ministry confirmed on Sunday that Captain Niloofar Rahmani, 25, had sought asylum after the Wall Street Journal quoted her as saying that she feared her life would be in danger […]
By Lucia Mutikani | WASHINGTON WASHINGTON New U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the view that the economy will gain further momentum next year. President-elect Donald Trump’s plan to cut taxes and increase infrastructure spending is expected to boost economic growth, though it already has sparked a surge in mortgage rates that […]
“The resolution that was passed by the U.N. yesterday is part of the swan song of the old world that is biased against Israel,” Mr. Netanyahu said at a Hanukkah candle-lighting ceremony honoring wounded soldiers and terrorism victims. “But, my friends, we are entering a new era and, as President-elect Trump said yesterday, that is going to happen a lot faster than people think.” Continue reading the […]
When you first meet Abeer Al Otaiba you wouldn’t guess she’s a mother of two, and the founder of the philanthropic fashion brand SemSem that’s going global. The glamorous Egyptian fashionista wears high-waisted red trousers with a matching red high-low top, and new-season Gucci heels with pink lip appliqués. Look further and you’ll see glimpses of Al Otaiba’s love of motherhood. Her wallet and phone case are […]
The Turkish Army and police won, but victory brought an Aleppo-like landscape. Two dozen acres of the old city have been cleared of the rubble so far, leaving a featureless circular gash on aerial maps. The damage is mostly invisible from street level though, because alleyways leading up to the most devastated areas have been walled up where they intersect with streets that have reopened for business. […]
Your daily guide to community and cultural activities across the Emirates for December 25, 2016, including Christmas attractions, food markets, art exhibitions, fitness events, performances, film screenings and family fun. Abu Dhabi Art exhibition See the exhibition Visions of the Future which features some of the most established artists in the UAE, as well as young talent, bringing a fresh character to Emirati art. Until January 5, […]
