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Chinese leasing companies have taken ownership of hundreds of vessels in deals worth tens of billions of dollars in the latest sign of the industry’s rapid transformation amid a long-running financial crisis. The deals made by Chinese companies, including the leasing businesses of ICBC, China Minsheng Bank and Bank of Communications, have provided badly-needed financing for shipowners as miserable trading conditions dominate most shipping sectors. Although there […]

By Kawa Omar | MOSUL, Iraq MOSUL, Iraq After two and a half years under Islamic State control, all that is left in Mosul’s museum are the traces of looting and destruction. Inside the rubble-strewn building, where militants filmed themselves destroying ancient artifacts, the large stone wing of a statue of lamassu — an Assyrian winged bull deity — lies on the dusty floor among other broken […]

Canada’s Postmedia company is laying off more than 50 employees at The Vancouver Sun and Province after a months-long buyout process aimed at cutting the company’s payroll. Fifty-four union employees are being laid off as of April 8, according to a memo from Brian Norris, the director of human resources for the The Vancouver Sun and Province. The company is asking for volunteers, who will each receive […]

By Shadia Nasralla | VIENNA VIENNA Four planned Turkish political meetings in Austria were cancelled on Friday in the latest signs of unease across Europe over a series of campaign events to rally support among expatriate Turks for President Tayyip Erdogan. A spokesman for police in the city of Linz said the private owner of a venue there had cancelled an event featuring a party colleague of […]

OTTAWA U.S. Homeland Security Secretary John Kelly on Friday met Canadian officials to discuss an influx of asylum-seekers crossing into Canada from the United States that is putting pressure on Prime Minister Justin Trudeau. Emergency responders and the Royal Canadian Mounted Police are struggling to respond to people defying wintry conditions to cross the undefended border near Emerson, Manitoba. So far several hundred asylum seekers, mainly from […]

A couple travelling the world on a Vespa scooter have been taking in the sights of the UAE on the latest leg of their trip. Italian Paolo Zambon and Canadian Lindsay Doig have clocked up more than 60,000km on the two-wheeler on their on-off journey, which has taken them to 12 countries as far afield as Italy and Australia. The couple, who live in Vancouver, have been […]

By Thomas Wilson and Minami Funakoshi | TOKYO TOKYO “Radiation! Bang bang!” Gesturing as if with guns, two boys in Tokyo repeatedly taunted a girl whose family fled to Japan’s capital to escape radioactivity unleashed by the Fukushima nuclear crisis of 2011. Tormented by headaches and weight loss, the girl began to skip classes, and switched schools to escape the bullies, her mother told Reuters. But the […]

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I’d like to say it isn’t so, but we all know the countdown to the onset of summer has already begun. Make the most of all the great outdoors has to offer with 10 of the best al fresco activities across the four compass points of the UAE. newslide Beach sports Dubai’s meandering shoreline is awash with outdoor experiences, and the newest kid on The Beach, opposite […]

RBC is the first Canadian bank to publicly confirm it has severed ties with customers identified in the Panama Papers leak.  (Randy Risling / Toronto Star) | Order this photo   The Royal Bank of Canada has closed dozens of accounts linked to the Panama Papers, becoming the first Canadian bank to publicly confirm it has severed ties with customers identified in the leak. The admission came some 10 […]

Your daily guide to community and cultural activities across the Emirates for March 9, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani 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 Music festival Buy […]

CBC News Posted: Mar 08, 2017 12:10 PM ET Last Updated: Mar 08, 2017 12:10 PM ET Royal Bank of Canada says it has closed the accounts of 40 clients following an internal review of its operations after the bank was named in a leak of documents from a Panamanian law firm that specializes in helping wealthy clients avoid taxes by stashing money offshore. As first reported […]

The launch of the Nike Pro Hijab, a lightweight, breathable, adjustable, competition-worthy garment for hijab-wearing athletes, reflects both consumer demand and the growing number of elite female Muslim athletes. In the 2016 Rio Olympics, for example, 14 Muslim women – four of them in hijab – won medals. “Sports is one of the few platforms that brings people together, and the more big brands are noticing the […]

By Kiyoshi Takenaka and Teppei Kasai | NAMIE, Fukushima NAMIE, Fukushima A truck occasionally whizzes past the darkened shops with cracked walls and fallen signs that line the main street of Japan’s mostly deserted seaside town of Namie. Workers repair a damaged home nearby, and about 60 employees busily prepare for the return of former residents in the largely untouched town hall. Not far away, two wild […]

Canadian financial services group Canaccord Genuity’s aims to double the contributions to its investment banking business from the Middle East and India in the next five years, its regional head told Reuters. It recently helped broker a C$5 billion ($3.7 billion) investment partnership between Dubai ports operator DP World and Caisse de depot et placement du Quebec, Canada’s second-largest public pension fund. “We think this could be […]

I still remember August 2, 1990, like it was yesterday. It was a Thursday, and I was awoken at 6.30am by a friend whose extended family were ­Kuwaiti. He told me that his brother-in-law was claiming that there were Iraqi troops in Kuwait City, and that he could hear gunfire and explosions. Like everybody else, I spent the weekend oscillating between shock, anger and fear. What did […]

Few institutions embodied the eurozone crisis more clearly than Bankia, the Spanish lender which was bailed out in 2012. Yet you would have been hard pressed to see any signs of that as the lender tapped debt markets this month. The bond sale by Bankia, still majority owned by the Spanish government, attracted almost €5bn in orders for the €500m of debt it sold. Its “tier 2” […]

Credit: iStock/xavierarnau Michael Siminovitch, director of the California Lighting Technology Center at UC Davis, wasn’t looking for enlightenment when he wandered into a Buddhist temple in Thailand a few years ago. He was touring Thailand as a distinguished visiting professor at King Mongkut’s University of Technology Thonburi’s school of architecture. He’d never been to a temple in his life. The temple was a highly crafted, architectural marvel, […]

NASA Mars has become a beacon of interest for astronomers, scientists, and even businesses which are all working to see if colony missions could ever succeed, but in itself, the planet is dry, dusty, and has an atmosphere roughly 100 thinner than Earth’s. The planet, in itself, may have once been suitable for life, but this is not the case now. Mars’ atmosphere is composed of roughly […]

Soy food products are usually considered as a healthy intake. However, previous studies suggested that the intake of soy products enables the escalation of breast cancer in women. It occurs due to the availability of oestrogen-like properties in the soy products. Contrary to the earlier reports, a new study which was conducted reveals that a component of soy-based product known as isoflavones is capable of slowing the […]

newslide Justin Timberlake and Bruno Mars among iHeartRadio Music Award winners The 2017 iHeartRadio Music Awards started with Justin Timberlake speaking about inclusion and dedicating his award to children who feel different, and ended with a rousing performance by Bruno Mars that included crowd participation from Florida Georgia Line, Thomas Rhett, Ty Dolla $ign, Heidi Klum and more. Timberlake won the night’s first award, song of the […]

Your daily guide to community and cultural activities across the Emirates for March 6, 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 Art exhibition But […]

Entrepreneur Elon Musk has an estimated current net worth of $13.4 billion from interests in transport, payments and space technology Sending tourists for a trip around the moon is the latest big idea launched by Elon Musk, a Silicon Valley star known for turning his passions into visionary enterprises. Musk has become one of the United States’ best-known innovators. He was a founder of payments company PayPal, […]

In the 19th century, English poet and artist William Blake saw the factories of the industrial revolution as dark, satanic mills churning up the countryside and signalling a new, ominous era of human existence. Fast forward 200 years and ­Sophia Al Maria, a Qatari-American artist and writer, believes those dark mills have been ­replaced by the bright, fluorescent lights of shopping malls. Both places, she says, “are […]

DHAKA Bangladeshi police have arrested the head of an Islamist militant group accused of inspiring followers to kill foreigners, the chief of the counter-terrorism unit said on Friday. Shaikh Mohammad Abul Kashem, who founded an offshoot of the larger Jamaat-ul-Mujahideen Bangladesh (JMB) group, was picked up on Thursday night in the Senpara Parbata area of the capital, Dhaka. Kashem worked alongside Canadian citizen Tamim Chowdhury and Nurul […]

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