WASHINGTON A U.S. banking regulator is considering whether to harden sanctions against lenders that abuse their clients or violate banking laws, according to a draft plan, seen by Reuters, that was drawn up in the wake of a scandal at Wells Fargo. Wells Fargo in September agreed to pay $190 million to settle charges that bank employees opened as many as 2 million accounts without customers’ knowledge. […]
The overview Wednesday 2.20am GMT Asian equities continue to rally on Wednesday after Wall Street notched up another set of record highs overnight, while the US dollar is trading flat. Standout stories The Dow Jones Industrial Average deserves a mention for closing above 19,000 points for the first time, while its peer US stock indices again closed at record highs. Monday was the first time since 1999 […]
When Amna Al Hashemi was contemplating which dishes to add to the menu of her new restaurant, Mitts and Trays in Dubai’s City Walk Phase 2, she sat down, closed her eyes and tried to think of the dishes that evoked her happiest memories. If these dishes stirred up good memories for her, she surmised, then they’d do the same for her customers. Madras chicken curry was […]
Donald Trump is showing no signs of ditching the unpredictable, pugilistic style that marked his campaign, by clashing with media chiefs, unsettling the US’s closest ally and intervening in the legal fate of his election rival during a 24-hour blizzard of activity. Most of the president-elect’s freewheeling decisions were broadcast over social media on Tuesday, a day after he broke with convention to announce a policy agenda for the […]
What makes Arena succeed? “First, he’s smart,” Logan said. “Second, he understands the theater of sport, like Casey Stengel. Third, he knows it’s a game that young people play. He coaches during the week and doesn’t think he’s running the game on Saturday or Sunday.” Photo Arena, far left, the team’s coach, and Landon Donovan, center right, celebrated after the Los Angeles Galaxy won the 2011 M.L.S. […]
ABU DHABI // The UAE is focused on tourism as one of the main pillars of the post-oil economy, Sultan Al Mansouri, Minister of Economy, has said. Under the directives of the country’s leadership, the Emirates has developed an economic system based on diversity, innovation and sustainability that achieved an 8.7 per cent GDP growth worth Dh134 billion during 2015, said the minister in an interview with […]
Synopsis Alan Greenspan was appointed by Ronald Reagan to Chairman of the Federal Reserve, a post he held for 18 years. He presided over an unprecedented period of stability and low inflation, was revered by economists, adored by investors and consulted by leaders from Beijing to Frankfurt. Both data-hound and eligible society bachelor, Greenspan was a man of contradictions. His great success was to prove the very […]
Saudi Arabian construction firm Abdullah Abdul Mohsin al-Khodari and Sons said on Tuesday that projects worth 362.2 million riyals ($97 million) had been delayed due to factors ranging from clients’ funding shortages to slow visa issuance. The pace of construction in Saudi Arabia has cooled in the past two years as lower oil prices stall project funding and slow government payments, tightening banking liquidity and squeezing contractors. […]
This kind of manipulation of the law is unfolding at a keen moment of weakness for the press, which has already been buffeted by falling revenue and mounting public disaffection. Only 40 percent of the public — the lowest rate since at least the 1990s — trusts the media “to report the news fully, accurately and fairly,” according to a Gallup survey conducted in September 2015. This […]
Donald Trump on Monday posted a video describing plans for his first 100 days as US president. “On energy, I will cancel job-killing restrictions on the production of American energy,” he said. The US president-elect plans to open more federal lands and waters to oil and gas leasing, streamline permits for new energy projects and rescind executive actions of President Barack Obama. Deregulation forms the core of his […]
Spiral galaxy NGC 3274 is a relatively faint galaxy located over 20 million light-years away in the constellation of Leo (The Lion). Source link
November 22, 2016 by: Pilita Clark, Environment Correspondent Scientists are struggling to understand why a burst of “scary” warming at the North Pole has pushed Arctic temperatures nearly 20C higher than normal for this time of year. Experts in the US and Europe say they have been shocked by the soaring temperatures recorded in November, when much of the region is plunged into freezing winter darkness. Temperatures […]
|By Arabian Post Staff| Etihad airline is in talks to take a stake in Germany’s Air Berlin subsidiary Niki, which is an Austrian-based leisure operator, media reports quoting insiders said. Niki is being spun off and merged with another player, it was stated. Bloomberg said Etihad’s stake holding in Niki will be as a prelude to combining it with TUI AG’s German airline unit. The valuation will […]
Jeddah, Kingdom of Saudi Arabia, 22 November 2016 President of the Republic of Benin, H.E. Patrice Talon, paid an official visit to the Islamic Development Bank (IsDB) Group headquarters in Jeddah today. He was officially welcomed by IsDB President, Dr. Bandar Hajjar, as well as Vice Presidents and heads of the Bank’s entities. President Talon expressed his country’s willingness to scale up ongoing cooperation with the IsDB […]
Photo A de-mining operation in Kandahar Province, Afghanistan, in February. Credit Javed Tanveer/Agence France-Presse — Getty Images Despite a global treaty that bans land mines, casualties from those weapons and other unexploded munitions lurking in current and past war zones rose sharply last year to the highest point in a decade, a monitoring group said Tuesday in its annual report. The group, the International Campaign to Ban […]
Dollar Tree Inc (DLTR.O), the biggest U.S. dollar-store chain after its acquisition of Family Dollar in 2015, reported a better-than-expected quarterly profit on Tuesday, helped by lower merchandise costs and freight expenses. Shares of the company, whose same-store sales also beat expectations, jumped as much as 11.5 percent. Dollar-stores such as Dollar Tree and Dollar General Corp (DG.N) have been expanding aggressively in recent years, taking market […]
ABU DHABI // The new Dh2.1 billion motorway connecting Abu Dhabi and Dubai will be open by the end of next month, providing an alternative to the congested E11. A 62-kilometre stretch of road between the end of the E311, near Al Ghadeer Village, running to the Abu Dhabi-Sweihan Road is 98 per cent complete, the Abu Dhabi General Services Company (Musanada) announced on Tuesday. It will […]
newslide Exhausted Kanye West hospitalised Rapper Kanye West was reportedly hospitalised in Los Angeles on Monday and is said to be suffering from exhaustion. The news broke just hours after he abruptly cancelled the remainder of his tour following a week of no-shows, curtailed concerts and political rants. A source told People magazine West was “exhausted and currently dealing with sleep deprivation” but was “fine”. Concert promoters […]
A two-day ceasefire after nearly two years of war in Yemen expired at midday (0900 GMT) on Monday and would not be renewed, a spokesman for a Saudi-led military coalition told al-Arabiya TV, with each side blaming the other for violations. The 48-hour truce, announced unilaterally by the Saudi coalition on Friday, failed to halt fighting across the country between the Iran-aligned Houthis and Saudi-led forces, which […]
True to the adage “reflection of personality,” a new research has uncovered that day-to-day objects handled by users can reflect their lifestyle and personality. A full profile developed can even show traits of individuals such as shopping habits and health status. Lifestyle Sketches Out Of Molecules By scanning the molecular imprints left behind by the users on smartphones, University of California San Diego School of Medicine and […]
The film had been pilloried by conservative Christians for a dream sequence in which Christ has sex with Mary Magdalene. In depicting Christ’s life as a doubt-ridden struggle between his human and divine natures, Scorsese had intended to make a film that was at once an act of doubt and an act of faith. In the novel he was reading, the priest was shown profaning an image […]
Tuesday 08:00 GMT. European stocks are following a positive Asian session as global investor sentiment is buoyed by simultaneous record highs for Wall Street’s main equity gauges. A steadier dollar and further gains for oil prices are supporting the chipper mood. After the FTSE Asia Pacific index rose 0.8 per cent, the pan-European Stoxx 600 is advancing 0.7 per cent. Germany’s Dax is up 0.6 to challenge […]
What does Europe’s top judge think of a full-blooded British tabloid headline casting justices as “Enemies of the People”? With a nod to propriety, Koen Lenaerts insists that he “cannot speak about ” that Daily Mail front page or the specifics of a landmark British ruling on parliamentary approval for Brexit. But the European Court of Justice president is unable to resist making a broader point. “I can say […]
Submitted by John Whitehead via The Rutherford Institute, “We Americans are the ultimate innocents. We are forever desperate to believe that this time the government is telling us the truth.”—Former New York Times reporter Sydney Schanberg Let’s talk about fake news stories, shall we? There’s the garden variety fake news that is not really “news” so much as it is titillating, tabloid-worthy material peddled by anyone with […]
