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Ireland will appeal the European Commission’s ruling to collect €13 billion in taxes from Apple, the Irish Department of Finance has announced on Monday. The Irish countermove comes nearly four months after the European Commission declared tax arrangements between Apple and Ireland — originally established in 1991 — had allowed the company to pay “substantially less tax” than rival companies, and were therefore illegal under state aid […]

By Jack Kim | SEOUL SEOUL A friend of South Korean President Park Geun-hye at the centre of a corruption scandal that led to Park’s impeachment in parliament denied charges of fraud and abuse of power on Monday on the first day of her trial. The friend, Choi Soon-sil, 60, is charged with pressuring big businesses to pay money to foundations that backed Park’s policy initiatives. Prosecutors […]

Christmas is a time that centres around family, friends, fun and an abundance of food. Nearly every restaurant across the country is offering at least one celebratory meal this weekend in honour of the festive tradition, so there is no shortage of options. While there are plenty of good options from established venues, why not treat yourself to something new – and try a Christmas feast at […]

Soaring price growth in China’s top cities has slowed almost to a standstill, as government measures to cool the overheated property market take hold. Price growth of newly built homes in China’s “first tier” cities of Beijing, Shenzhen, Shanghai and Guangzhou slowed to 0.1 per cent in November compared with the previous month, the National Statistics Bureau said on Monday — well below month-on-month growth of 3-4 […]

Monday 02:20 GMT Overview Stocks across Asia were weaker, retreating in line with Wall Street’s slight pullback on Friday from last week’s record highs, and as the US dollar softened. What to watch Investors are turning their attention to the Bank of Japan’s policy decision on Tuesday, in the wake of the Federal Reserve’s interest rate rise last week. While the dollar’s strength over recent weeks seems […]

SEOUL South Korea sent eight North Koreans and two vessels it had rescued drifting at sea last week back across their maritime border on Monday, and patrol vessels from the North were on hand to receive them, the South’s unification ministry said. All eight of those rescued had said they wanted to return to the North, ministry spokesman Jeong Joon-hee said. Their return came after North Korea […]

On a clear afternoon on September 28, 2008, Elon Musk was on the verge of a nervous breakdown. Years earlier he had sunk most of his internet fortune into a commercial space company – SpaceX – and was now vying for a lucrative deal with NASA to resupply the International Space Station. There was only one problem: the last three attempts to send a rocket into space […]

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By Brenda Goh, Allison Lampert and Brad Haynes | SHANGHAI/MONTREAL/SAO PAULO SHANGHAI/MONTREAL/SAO PAULO New rules governing Chinese airline startups are fueling hopes at Embraer SA (EMBR3.SA), Bombardier Inc (BBDb.TO) and other regional jet makers for a spike in orders next year, but local competition and doubts about size restrictions still loom as major obstacles. The new policy is aimed at encouraging fledgling carriers to boost domestic flights […]

Your daily guide to community and cultural activities across the Emirates for December 19, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Film screenings Catch two film screenings as part of the Cinema Space series. The Patience Stone (pictured), a film in Dari (Afhgan Persion) with English subtitles, is about a young woman in […]

Image: Sarah Tew/CNET Every week, we sound off on the most important technology trends in our Monday Morning Opener. Looking back on 2016, we’ve identified the five tectonic plate shifts that have made the biggest impact on the industry and our readers who use these tools to drive the progress of the planet. So, without further ado, here are the five big tech trends of 2016 according […]

The Middle East mobile phone market suffered its third consecutive quarter-on-quarter decline between July and September, according to the latest figures announced by IDC. Shipments in the region totalled 23.8 million units, down 0.7 percent on the 23.9 million units shipped in Q2 and 19.4 percent on the corresponding period last year. IDC said that given that the quarter-on-quarter decline in Q2 was much steeper at 8.5 […]

Underlines the Importance of Strengthening Partnership with the Private Sector to Achieve Strategic Objectives in the UAE Dubai, UAE: December 18, 2016  The Ministry of Climate Change and Environment launched the ‘Environment and Business Majlis’, aimed at boosting the private sector’s contribution and guided private companies to be aligned with the government’s environmental strategies and create new investment opportunities that involved the ministry and the private sector. […]

By Jeffrey Heller | JERUSALEM JERUSALEM Settlers due to be evicted from an outpost in the occupied West Bank under an Israeli court order accepted a government-proposed deal on Sunday to head off a forced evacuation and confrontation with troops. The Supreme Court had ruled that the Amona outpost, where 330 settlers live, must be evacuated by Dec. 25. The court found that Amona was built illegally […]

A flagship of the settler enterprise, Amona, established 20 years ago, is testing how far Israel’s right-wing government is willing to go to protect the 100 or so outposts that were built without authorization across the West Bank. The case of Amona has also stretched the country’s democratic system, with right-wing politicians pushing to flout the 2014 Israeli Supreme Court order to demolish the outpost, and advancing […]

The Federal Reserve will wait six months before raising interest rates again, according to a survey of top economists that suggests policymakers will maintain a cautious approach to tightening policy until they see the economic package US president-elect Donald Trump has promised. Officials will raise the Fed’s key short-term rate just twice in 2017, starting with a move in June, an FT survey of 31 Wall Street […]

In his characteristic third-person style, One River Asset Management’s Chief Investment Officer Eric Peters takes on all-comers in his latest letter to investors; lamenting the rapidity of losses, juxtaposing Michelle Obama’s “hopeless” America with the US equity markets’ near-record “hope”, and denouncing the scourge of risk managers everywhere – central bankers… Hope all goes well… “No one has real risk on,” said the CIO, dizzy. “We’ve all […]

By Stephen Kalin | ERBIL, Iraq ERBIL, Iraq Seven-year-old Anas lies in a hospital bed in the northern Iraqi city of Erbil, his little body wrapped in bandages following four surgeries to remove shrapnel that shredded his intestines. He is considered lucky for being alive. Two of his brothers did not survive the Islamic State mortar attack three weeks ago on their family’s home in Mosul. One […]

David Cameron began 2016 in 10 Downing Street and ended it at DePauw University in a small Indiana town, speaking for a reported £120,000 an hour. The former British prime minister is now paid almost as much for a 60-minute speech as he used to earn in a year, as he tries to make sense of his own historic failure: Brexit. Whatever he says now, Mr Cameron’s […]

By Norihiko Shirouzu and Natalie Thomas | BEIJING BEIJING Authorities in Tianjin grounded dozens of flights and closed most highways on Sunday after severe smog blanketed the city, one of more than more than 40 in China’s northeast to issue pollution warnings in the past 48 hours. Air quality index (AQI) readings at some monitoring stations in Tianjin, a port and industrial city southeast of Beijing, peaked […]

By Lidia Kelly and Pawel Florkiewicz | WARSAW WARSAW Around two dozen members of Poland’s main opposition party extended their sit-in protest in parliament on Sunday after talks to resolve a dispute over proposed restrictions on media access failed to produce an agreement. New rules for journalists in parliament put forward by the ruling Law and Justice (PiS) party have led to the biggest political standoff in […]

It’s been a big month in theme parks in the UAE, with the official opening of Dubai Parks & Resorts in Dubai Sunday, news that IMG Worlds of Adventure are opening yet another venue, Legends, and Miral announcing that SeaWorld is coming to Abu Dhabi. By the time the Expo comes to the UAE in the year 2020, almost every popular movie and animation brand you can […]

Wall Street is bathing in nostalgia. This week the cover of Barron’s, the bible of US retail investors, proclaimed “Dow 20,000”. Presenters on CNBC are wearing Dow 10,000 caps first donned in 1999. And each day the thinning crowds on the floor of the New York Stock Exchange have watched the boards to see if the Dow Jones Industrial Average, having passed 19,900, can top the 20,000 […]

A new concept in energy harvesting could capture energy that is currently mostly wasted due to its characteristic low frequency and use it to power next-generation electronic devices. In a project funded by electronics giant Samsung, a team of Penn State materials scientists and electrical engineers has designed a mechanical energy transducer based on flexible organic ionic diodes that points toward a new direction in scalable energy […]

(Image: file photo) An advisor working for financial planning giant Ameriprise has inadvertently exposed hundreds of investment portfolios, worth tens of millions of dollars. The data was found on an internet-connected backup drive at the advisor’s home, which was set to synchronize over the internet with his primary backup drive at his office. But neither drive had a password, allowing anyone to view sensitive client data. The […]

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