ABU DHABI// The contribution made by labourers in helping to build the UAE was praised yesterday by Sheikh Nahyan bin Mubarak, the Minister of Culture and Knowledge Development. He was speaking to thousands of labourers at the Al Dar Camp 3 on Yas Island, as part of early celebrations to mark International Labour Day in the capital. Sheikh Nahyan thanked them for their hard work over the […]
By Philip Pullella | CAIRO CAIRO Pope Francis celebrates a Mass in a military stadium on Saturday, the last of a two-day visit to Cairo where he has called for leaders of all faiths to reject religious violence and denounce intolerance. Three weeks after Islamic State militants killed at least 45 people in attacks on two Egyptian churches, Francis has used his trip to launch a strong […]
I was at an event recently that screened a 1956 short film—Key to the Future—in which GM envisions what self-driving cars would look like in 1976. The footage—with a uniformed guy in a control tower directing a singing family along a highway for autonomous vehicles—inspired chuckles from the audience. One aspect of the video that did become a reality is the interstate highway system, a […]
NEW YORK Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash in recent gains. The Dow Jones Industrial Average .DJI fell 40.82 points, or 0.19 percent, to 20,940.51, the S&P 500 .SPX lost 4.58 points, or 0.19 percent, to 2,384.19 and the Nasdaq Composite […]
Sony posted its consolidated financial results for the fiscal year 2016 and the PlayStation 4 had a great performance, albeit the company expects a slight decline. In the fiscal year 2016 ended on March 31, 2017, Sony shipped a record-breaking 20 million PS4 consoles, marking the system’s best performance ever. 60 Million PS4 Units Shipped In Total That contributes to a total of 60 million PS4 units shipped worldwide, […]
HARGEISA// Medical aid has been delivered to thousands of children and elderly people in Somalia by the Zayed Giving convoys. The treatment, was carried out under the supervision of an Emirati-Somali volunteers’ team and is part of a global humanitarian initiative that aims to alleviate the suffering of the needy. The initiative forms part of 2017 being designated as the Year of giving by Sheikh Khalifa bin […]
After a dismal fourth quarter, it seems that Europe’s investment banks have got some of their swagger back. Switzerland’s UBS grew investment bank profits by more than 50 per cent in the first quarter, even though it is hard to imagine a recovery less well-suited to the Swiss bank which is short on the US exposure and the markets businesses that have driven the strong results of peers. Credit Suisse […]
By Alastair Macdonald | BRUSSELS BRUSSELS European Union leaders at a Brexit summit on Saturday will give a formal undertaking to embrace the British province of Northern Ireland in the EU if a referendum unites the island, diplomats said on Friday. Irish Prime Minister Enda Kenny has asked fellow members of the bloc to acknowledge that Northern Ireland would, like East Germany in 1990, automatically enter the […]
Boarding completed, seatbelts are fastened and the aircraft is slowly rolling over the tarmac to the runway, almost ready for takeoff. But before the plane can leave the ground, all passengers are made aware of the safety features on board via video on screen. Safety videos are a necessary form of visual communication to ensure all passengers can follow procedures in case of an unlikely emergency. However, […]
By Rosalba O’Brien | SANTIAGO SANTIAGO A cluster of tremors shook central Chile on Friday afternoon, leaving locals worried that a bigger earthquake may be imminent and prompting some early closures of schools and workplaces. At least seven tremors struck offshore the coastal city of Valparaiso in less than an hour, with the largest rattling buildings in the Chilean capital Santiago some 102 kilometers (63 miles) away. […]
The Government Accountability Institute, a conservative investigative research group run by conservative writer Peter Schweizer, received roughly $1.7 million. Schweizer is the author of “Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich.” Bannon helped found the group, which the Washington Post reported paid Bannon $376,000 over four years for serving on its board, even as he ran […]
Our round-up of the best comment and analysis from the Financial Times during the week focuses on US corporate earnings, eurozone interest rates and the future of US economic reforms. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. The FT’s John Authers says US corporate earnings have reached a turning point — the earnings recession that […]
The US economy expanded at its weakest pace in three years during the opening months of the year, underlining the daunting task facing Donald Trump’s administration as it seeks to attain ambitious growth targets. Gross domestic product grew at a 0.7 per cent annual rate in the first three months of 2017, according to the Bureau of Economic Analysis, a sharp drop from 2.1 per cent at […]
KUALA LUMPUR: The Ministry of Education is open to receiving feedback from the public on caning of students in school, said Deputy Education Minister Datuk Chong Sin Woon. “At this moment we would not consider to abolish corporal punishment, but we are always open for opinions. If the public think we have to stop it totally, we have to discuss (it first),” he said. He was commenting […]
Sheikh Mubarak Al Sabah Hailed Industry Pioneer at Arabian Hotel Investment Conference April 28 2017, Dubai UAE: His Excellency Sheikh Mubarak A M Al Sabah, founder and chairman of Action Hotels has been acknowledged by the region’s hospitality sector after receiving the signature Industry Pioneer award presented by His Highness Sheikh Ahmed bin Saeed Al Maktoum at the Arabian Hotel Investment Conference (AHIC 2017) in Dubai (yesterday, […]
I’m a PC gamer who hasn’t owned a home video game console in five years. I don’t mention that to obnoxiously flex my PC Master Race muscles or look down upon filthy console peasants. Instead, it’s to highlight how thoroughly done I am with those generic black boxes that sit in entertainment centers and simply…exist. I may not be the most hardcore PC gamer, but […]
By Lucia Mutikani | WASHINGTON WASHINGTON The U.S. economy likely hit a soft patch in the first quarter as an unseasonably warm winter and rising inflation weighed on consumer spending, in a potential setback to President Donald Trump’s promise to boost growth. Reduced business investment in inventories and government spending cuts also crimped gross domestic product growth. A Reuters survey of economists conducted last week forecast GDP […]
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. When Barack Obama was vacationing recently with Bruce Springsteen, Tom Hanks and Oprah Winfrey aboard a $300 million yacht in Tahiti, one wonders if he ever hummed Springsteen’s “All Or Nothin’ At All.” At the moment, it seems like he […]
Bioluminescent mushrooms, an unusual and beautiful sight of nature, have intrigued researchers for years. Scientists have also attempted to unravel the mystery behind why some mushrooms glow in the dark. A team of researchers from Japan, Russia, and Brazil have finally decoded the mystery of the glow-in-the-dark mushrooms. In a new research paper, scientists detailed the reason why two mushroom types exhibit bioluminescence. The researchers focused on […]
JERUSALEM Israel intends to build 15,000 new settlement homes in East Jerusalem, the Housing Ministry said on Friday despite U.S. President Donald Trump’s request to “hold back” on settlements as part of a possible new push for Israeli-Palestinian peace. A formal announcement of the settlement plan, quickly condemned by the chief Palestinian negotiator, could come around the time Trump is scheduled to visit Israel next month. Israel […]
On the last day of the busiest earnings week in a decade, here is a striking statistic from Goldman Sachs, showing just how dominant a handful of large cap companies have become in terms of both overall profitability and market impact: Year to date the top 10 contributors have combined to account for 37% of the S&P 500 index return (more than double their market cap representation […]
GENEVA El Nino weather conditions associated with droughts and flooding have a 50-60 percent probability of returning this year, the U.N. World Meteorological Organization (WMO) said on Friday, revising its view from two months ago. “Sea surface temperatures in the far eastern tropical Pacific Ocean increased to 2.0° Celsius or more above average during February and March, creating very heavy rainfall and a trade wind collapse from […]
A prominent Bahraini activist jailed for life for his role in anti-regime protests has been on hunger strike for two weeks to protest the treatment of prisoners, campaigners said Thursday. Abdulhadi al-Khawaja, who also holds Danish citizenship, is an outspoken critic of Bahrain’s Al-Khalifa monarchy, which has ruled the tiny Gulf archipelago for more than two centuries. Khawaja began the hunger strike on April 12 in a […]
Short-term borrowing costs in China have climbed to their highest level in two years as comments from President Xi Jinping fan investor expectations that a “regulatory windstorm” is part of a broader crackdown on the financial sector. China’s premier on Thursday described finance as the “core of a modern economy”, according to state news agency Xinhua, adding that “accurate judgment of potential financial risks serves as a […]
