By Naomi Tajitsu and Chang-Ran Kim | TOKYO TOKYO Nissan Motor Co (7201.T) said Carlos Ghosn will step aside as CEO after leading the firm for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with Renault SA (RENA.PA) and newly added Mitsubishi Motors Corp (7211.T). In handing over the helm to Hiroto Saikawa, a company veteran of 40 years, Ghosn ends […]
Rob Garratt Hidden Figures Director: Theodore Melfi Stars: Taraji P Henson, Octavia Spencer, Janelle Monáe, Kevin Costner, Kirsten Dunst Three stars Hidden Figures is engaging, entertaining and enlightening – but by playing fast and loose with historical fact, it risks blunting some of the story’s eye-opening emotional force. This Oscar-nominated feel-good ensemble drama is already the highest-grossing film fronted by African-American actresses, with an international haul of […]
BANGKOK Thailand’s Supreme Court on Thursday reduced the sentence of a prominent former magazine editor who had been jailed for 10 years for insulting the country’s monarchy, a legal group said. Somyot Prueksakasemsuk was found guilty of publishing two satirical articles defaming the late King Bhumibol Adulyadej in 2010 when he was editor of an anti-establishment magazine. The royal insult law, also known as lese-majeste, is punishable […]
By Sarah Marsh and Nelson Acosta | HAVANA HAVANA Communist-ruled Cuba on Wednesday said it had foiled a serious plot aiming to destabilize the country by preventing the chief of the Organization of American States traveling to the island to attend an award ceremony organized by dissidents. The opposition group, which the government called “anti-Cuban and illegal,” had invited OAS Secretary General Luis Almagro to Havana to […]
By Brenda Goh | DANDONG, China DANDONG, China As Beijing tightens its grip on trade with North Korea, the economies of Chinese towns along the 1,400-km border the two countries share are floundering. On Saturday, China said it would ban all coal imports from North Korea, the latest move to enforce United Nations sanctions aimed at depriving Pyongyang of hard currency for its nuclear weapons and ballistic […]
Please do not let this happen. I mean, it has to happen. Network technologies take years to develop, and are often planned a decade in advance. But 5G isn’t even baked yet. The 5G radio network won’t be properly specified until October 2018, and there’s a whole 5G standards plan called “IMT-2020,” which won’t be rolled out until 2020. We’re expecting 5G networks in the […]
The first exhibition to be hosted at Dubai’s Etihad Museum will feature the country’s postal history from 1909 until its unification. Organisers pledge that it will be a virtual tour back in time, as each stamp marks a key event. Visitors under the age of 15 have a lot of questions about the first item at an exhibition dedicated to the history of Emirates Post. Although it […]
What is the most dangerous job in the UAE? Firefighting? High-rise window cleaning? How about photographing people as you are tumbling through the air after jumping out of an airplane? So far in his high-flying career, Juan Mayer, from Argentina, has jumped more than 11,000 times. He admits being a skydiving photographer is a risky job. “I’ve been on many jumps that have gone wrong and led […]
Tesla is likely to turn to Wall Street for another big cash infusion as it gears up to launch its first mass-market electric vehicle later this year, chief executive Elon Musk indicated on Wednesday. His comments came as the US electric carmaker disclosed that chief financial officer Jason Wheeler would leave the company after little more than a year. Mr Musk said only that Mr Wheeler was […]
Photo Nigerians displaced by Boko Haram insurgents last February at Dikwa camp in northeastern Nigeria. The United Nations raised the alarm on Wednesday about the risk of famine in northern Nigeria. Credit Agence France-Presse — Getty Images UNITED NATIONS — In a world filled with excess food, 20 million people are on the brink of famine, including 1.4 million children at imminent risk of death. In the […]
22 February 2017 Al Maha Arjaan by Rotana is pleased to announce the appointment of Nadim El Zyr as General Manager of the hotel. Born and raised in a legacy of hoteliers, he spans a career of over 15 years in the hospitality industry and brings an assortment of rich experience. In his new role he will provide strategic leadership that ensures effective and efficient management of […]
By Luis Echeverria | GUATEMALA CITY GUATEMALA CITY U.S. Homeland Security Secretary John Kelly on Wednesday told Guatemalans not to waste their money trying to get to the United States illegally, detailing how his department was cracking down on undocumented immigrants and would speed up deportations. Speaking after he greeted a plane full of Guatemalans deported back from the United States, Kelly said U.S. authorities were not […]
Telstra has sold its remaining 6.5 percent stake in Chinese online company Autohome to Chinese insurer Ping An Insurance Group for $29.30 per share, for a total of $217 million (AU$282 million). “The divestment reflects Ping An is now well established as a strategic partner for Autohome,” Telstra said in a statement to the Australian Securities Exchange (ASX) on Thursday morning. “As a result of the sale, […]
Your daily guide to community and cultural activities across the Emirates for February 23, 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 Abu Dhabi Performance Get tickets […]
When Ford borrowed a €750m bond in euros at the start of the year, the US carmaker was following a path that has become familiar to corporate America. The deal was an example of so-called “reverse Yankee” issuance, where US companies sell bonds in euros, tapping demand from eurozone investors. Ford added to the more than €100bn of debt sold in the eurozone over the past two […]
BERLIN A wrought iron gate with the chilling inscription “Arbeit macht frei” (“Work sets you free”) was returned to Germany’s Dachau concentration camp on Wednesday, more than two years after it was stolen. The theft in 2014 of the symbol of suffering inflicted by Hitler’s Nazis on Jews and others caused outrage around the world. Police in Norway found it in December after an anonymous tipoff. More […]
By Alan Baldwin | SILVERSTONE, England SILVERSTONE, England Vijay Mallya, the one-time billionaire who co-owns the Force India Formula One team, said on Wednesday Indian authorities had no grounds to extradite him from Britain and he would not be leaving. India wants Mallya to face trial after the liquor and aviation tycoon was charged with conspiracy and fraud over a loan to his defunct Kingfisher Airlines. It […]
By Amina Ismail and Arwa Gaballa | Al-GAMALIYA, Egypt Al-GAMALIYA, Egypt Thousands of mourners gathered in a small Egyptian town on Wednesday for the funeral of the Muslim cleric known as “the blind sheikh” who was convicted of conspiracy in the 1993 World Trade Center bombing in New York. Omar Abdel-Rahman, who was also convicted of planning a broader “war of urban terrorism” in the United States, […]
NASA has discovered seven planets with Earth-like qualities orbiting a nearby star making them among the strongest candidates in the continued search for extraterrestrial life among known exoplanets, or planets that exist outside of our own solar system. These new planets all inhabit another solar system which includes seven planets that have a relatively warm climate, as well as rocky terrain, both of which are promising signs […]
By SUZAN FRASERAssociated Press ANKARA, Turkey (AP) – Turkey’s military has changed its regulations to allow female officers to wear headscarves while on duty, defense officials said Wednesday, removing a ban on Islamic-style head coverings at an establishment that once was considered a bastion of secularism. The move also ends the last remaining headscarf ban at a public institution in the predominantly Muslim, but officially secular country. […]
Fitch Ratings-Moscow-22 February 2017 Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of five UAE banks with Stable Outlook and maintained Rating Watch Positive (RWP) on First Gulf Bank’s (FGB) IDRs. The agency also downgraded the Viability Rating of Union National Bank (UNB) to ‘bbb-‘ from ‘bbb’. A full list of rating actions is at the end of this commentary. KEY RATING DRIVERS IDRs, SUPPORT […]
By Irene Klotz | CAPE CANAVERAL, Fla. CAPE CANAVERAL, Fla. Astronomers have found a nearby solar system with seven Earth-sized planets, three of which circle their parent star at the right distance for liquid surface water, raising the prospect of life, research published on Wednesday showed. The star, known as TRAPPIST-1, is a small, dim celestial body in the constellation Aquarius. It is located about 40 light […]
Unilever has promised to boost profits and conduct a root-and-branch review of its business that could lead to asset sales just days after an aborted $143bn takeover approach from Kraft Heinz, the US food group backed by 3G Capital and Warren Buffett. Unilever is under pressure to speed up returns to shareholders following the bid from Kraft Heinz, which has raised questions about the consumer products group’s […]
By Michael Holden | LONDON LONDON Britain has appointed experienced counter-terrorism officer Cressida Dick, best known for heading an operation which led to the killing of an innocent Brazilian, as the first woman to head London’s police force in its 188-year history. Dick, 56, becomes the most senior officer in the country, heading a force of some 43,000 officers and staff and controlling a budget of more […]
