Wells Fargo has laid down plans to close at least 400 branches over the next two years as part of a push to cut costs as the US bank tries to recover from the scandal over sham accounts. The San Francisco-based lender, which operates more than 6,000 branches across the country, is accelerating closures as it aims to reduce about $2bn in expenses by the end of […]
By Karen Freifeld | NEW YORK NEW YORK Moody’s Corp (MCO.N) has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Friday. The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia, […]
Two years after departing Google, Andy Rubin is about to make headway on the smartphone industry — a field he helped push. Rubin is the creator of Android, a mobile operating system running on more than 86 percent of all mobile phones in existence as per IDC. He’s planning to merge artificial intelligence with his prowess in software engineering, and he’s doing it to produce consumer hardware. He’s […]
The late Mahatma Gandhi said that “the greatness of a nation and its moral progress can be judged by the way its animals are treated”. So when the President, Sheikh Khalifa, issued a Federal Law to directly address the issue of animal cruelty in the UAE we knew exactly where the country’s moral compass was pointing. Everything from the ownership of exotic or wild animals to the […]
That would be a significant bump from James’s recent releases, which have not been embraced by collectors. The LeBron 13, released in September 2015, has been especially disappointing to hard-core sneaker enthusiasts, with some deadstock models — unworn shoes in the original box and packaging — selling for less than the original $200 retail price on secondary markets. Continue reading the main story Whether the special release […]
Investors have returned to the world of debt in a cooling of the Trumpflation trade that pummelled bond markets and propelled equities to record highs after the US election. The shift, which has included fresh inflows to municipal, Treasury and emerging market bond funds over the past week, dovetails with a near month-long rally in haven US Treasuries and fatigue in benchmark stock indices. Municipal funds, which […]
By David Brunnstrom and Matt Spetalnick | WASHINGTON WASHINGTON The incoming U.S. administration’s tough talk against China has set the stage for showdowns on everything from security to trade and cyberspace, but contradictory signals are sowing uncertainty over how far President-elect Donald Trump is prepared to go in confronting Beijing. Highlighting the contested South China Sea as a potential flashpoint, Trump’s Secretary of State nominee Rex Tillerson […]
Qatar is regaining its appetite for deals. In the past two months alone, the world’s richest country per capita invested in Turkey’s biggest poultry producer, Russian oil giant Rosneft PJSC, and U.K. gas company National Grid Plc. The investments have been made through the Qatar Investment Authority, created in 2005 to handle the country’s windfall from liquefied natural gas sales, of which it is the world’s biggest exporter. […]
“We open a new hotel every 36 hours,” Sébastien Bazin remarks, after outlining the impressive portfolio of French hospitality chain AccorHotels, with 4,100 hotels spread across 95 countries and employing 240,000 people. The significant sum includes properties gained through the recent acquisition of FRHI, a hotel management company formerly owned by Qatar Investment Authority, billionaire Saudi Prince Alwaleed bin Talal’s private investment arm Kingdom Holding and Oxford […]
Nintendo has finally unveiled the official details of the Nintendo Switch, including the price tag of $299 and the global launch date of March 3. Several games for the upcoming hybrid console have also been shown, with the highly-anticipated The Legend of Zelda: Breath of the Wild announced as a launch title for the Nintendo Switch and Super Mario Odyssey revealed as the new 3D Super Mario game. Another high-profile game […]
Revolutions are only relevant until the next revolution comes along. Over the past decade, the smartphone revolution has fundamentally upended daily life. Walk through any public space and you will find people of all backgrounds transfixed by pocket-sized, rectangular obelisks. These little wonder slabs magically connect us to the rest of humanity and are personal windows into the digital ghost dimension that flows beneath civilization’s surface. […]
Michael Lynton is stepping down as chief executive of Sony Entertainment to become chairman of Snap, the owner of messaging start-up Snapchat that is heading towards an initial public offering this year with a likely valuation of about $25bn. Mr Lynton has had a long friendship with Evan Spiegel, Snapchat’s founder, and was also an early investor in the company. “I have been involved with Evan and […]
The Transport Minister says Singapore has been charging Malaysian-registered vehicles the Vehicle Entry Permit (VEP) since 1973. JOHOR BARU: Putrajaya has denied that the RM20 road charge (RC) imposed on foreign-registered vehicles was discriminatory against Singapore pointing out that the republic had been charging Malaysian cars for the past 44 years, The Star reported. Transport Minister Liow Tiong Lai said Singapore had been charging Malaysian-registered vehicles the […]
Video A Hunger Strike for His Wife Arash Sadeghi, an Iranian political prisoner, went on hunger strike for more than two months to protest the incarceration of his wife, Golrokh Ebrahimi-Iraee, who was temporarily released. By NEETI UPADHYE on Publish Date January 4, 2017. . Watch in Times Video » TEHRAN — The hunger strike, a pressure tactic of self-starvation used by political protesters around the world, […]
Rainfall records are being broken in the San Francisco Bay Area: six inches since the start of the year, the most since 1982. Local drivers react by randomly deploying wipers, brakes and lights; it is no surprise that autonomous cars are being developed here. Other Silicon Valley records look equally hazardous. The technology-dominated Nasdaq Composite index has set further highs this week and stands more than 10 […]
Standard audio stories have a host introduction, narration, voice tracks and actualities (such as natural sound). But you can also use non-narrated pieces, stories that don’t include the reporter’s voice or storytelling. Non-narrated pieces aren’t usual, but they can be effective when paired with the right story. These stories can take several forms. First-person essays. This works well for commentaries, when a particular point of view is […]
The Middle East Smart Landscape Summit 2017 will be held on 15th and 16th May in Dubai Dubai, United Arab Emirates, January 12, 2017 Rapid population growth coupled with people across the world migrating to cities has fueled the growth rate of urban development. With rapid urbanization and diminishing natural landscapes and greenery, the need for managing urban areas and developing sustainable cities is at the core […]
There is a reason Rolls-Royce Motors appointed its youngest-ever chief executive in 2010. “I don’t want to say the brand would die, but the brand would never have had the success it has had over the last couple of years if we hadn’t rejuvenated it,” CEO Torsten Müller-Ötvös boasts. He is probably right. Until a couple of years ago, the English automobile brand was predominantly known as […]
By Richard Cowan and Susan Cornwell | WASHINGTON WASHINGTON U.S. House Republicans on Friday won passage of a measure starting the process of dismantling Obamacare, despite concerns about not having a ready replacement and the potential financial cost of repealing Democratic President Barack Obama’s landmark health insurance law. The House of Representatives voted 227-198 to instruct committees to draft legislation by a target date of Jan. 27 […]
Twitter Brazil has appointed its former agency head Fiamma Zarife as the new managing director for the country. “I’m proud to have been assigned the mission to lead Twitter’s operation in Brazil and continue the work that was started in 2012,” Zarife says. Zarife will lead the Brazilian business for the microblogging service, replacing Guilherme Ribenboim, who will remain at the firm as president for the Latin […]
A cosmic “spitball” game is acting out in the black hole of the Milky Way, says a new research. This is part of the star-shredding activity by the supermassive black hole at the center of the Milky Way. The new study is significant in showing that mere gasification of a shredding star is not ending the story at the black hole. It asserts that splintering of gas spools […]
El Shorbagy won the next three games in a row, and the title. Other than the occasional mental lapse, there aren’t a lot of flaws in his game. At six foot one, he has the wingspan and speed to make one of the game’s best retrievers. His forehand is so crushing it forces a “ping” from the ball that sounds like a cry for mercy. SquashTV commentator […]
12 January 2017 The 2nd Gulf Arrhythmia Congress, the official scientific sessions of the Saudi Heart Rhythm Society (SHRS) and Gulf Heart Rhythm Society (GHRS) has been launched in Riyadh on the 13th & 14th of January at Movenpick Hotel. (GAC) is the result of the aligned visions of two professional societies to organize a state-of-the-science meeting in the Gulf and wider region highlighting the latest developments […]
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. A Detroit cop who used Facebook to refer to city residents as “garbage” and came pretty close to bragging about police brutality has retired, the city’s police chief announced Thursday. And at the heart of it all is a single […]
