Federal prosecutors have charged a former Valeant manager and the former chief executive of Philidor, a defunct pharmacy chain, alleging the pair operated an illegal kickback scheme to personally enrich themselves to the tune of tens of millions of dollars. New York prosecutors alleged that Gary Tanner of Valeant and Andrew Davenport of Philidor secretly worked together to promote a deal under which the Canadian drugmaker purchased […]
Many health conditions, in both men and women, could be prevented simply by making lifestyle changes such as exercise and a healthy diet, but men are often more reluctant to ignore the signs or seek treatment. Benign prostatic hyperplasia Dr Stefan Schumacher, consultant urologist at Healthpoint hospital in Abu Dhabi, says: “One of the common cases we encounter at Healthpoint is benign prostatic hyperplasia [BPH] or an […]
British multinational hotels company InterContinental Hotels Group (IHG) and Dubai’s Al-Futtaim have signed an agreement for management of the largest Holiday Inn hotel in the UAE. The 520-room Holiday Inn Dubai Festival City, a mixed-use waterfront community, is expected to be completed towards end-2017. The new hotel, the first branded mid-market hotel in the area, will connect directly to Dubai Festival City Mall. The hotel will also […]
From chanting in Arabic to classes for men, there are more than 100 yoga and natural healing classes packed into this year’s two-day Yoga Fest Middle East. The festival, which begins on Friday at Dubai Internet City Amphitheatre, was launched by Dubai yogi Elaine Kelly in 2010. It has grown from a one-day event attended by about 300 people to a gathering of 4,000 people eager to […]
Exxon Mobil Corp (XOM.N) is negotiating with Chad over a record $74 billion fine the U.S. oil company was told to pay by a court in the central African nation over unpaid royalties, Bloomberg reported on Tuesday. Exxon has appealed the Oct. 5 court ruling, but the appeals court hearing has been delayed because of the talks, Bloomberg reported, citing a lawyer for Exxon. (bloom.bg/2fRpf5n) The court […]
newslide ‘The Rock’ talks a future in politics, including potential White House run The Rock may have been voted Sexiest Man Alve by People, but the 44-year-old is interested in topping a more serious poll. After parleying a professional wrestling career as The Rock into leading roles in Hollywood, Dwayne Johnson is entertaining the idea of jumping into the political ring, including perhaps even a run for […]
The Nintendo Switch 2017 Presentation on Jan. 12, in which more details regarding the upcoming hybrid console will be revealed, is still several weeks away. While waiting for more information to be released by Nintendo regarding the Nintendo Switch, rumors and speculations are running rampant for the details that are still unknown for the device. Garnering perhaps the most amount of speculation among the unknown specifics of the […]
By Jessica DiNapoli | NEW YORK NEW YORK American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. The second bankruptcy comes as the retailer struggles to overcome years of losses and rising online competition. The company became a part of popular culture for […]
The first unbiased genetic screen for sleep defects in mice has yielded two interesting mutants, Sleepy, which sleeps excessively, and Dreamless, which lacks rapid eye movement (REM) sleep. The findings are the first step towards discovering the biochemistry that controls the switch from wakefulness to sleep, the researchers say. Although sleep is essential for life and we spend one third of our lives doing it, the function […]
It has been a tough year for music fans. We lost David Bowie and Prince, two musical icons who unquestionably justified the use of the term “genius” in their obituaries. Now Leonard Cohen, whose death at the age of 82 was announced on Thursday, can be added to the list. As recently as last month, the Canadian artist, poet, novelist and singer-songwriter was garnering rave reviews for […]
Looking for something to do today? Why not head over to Party in the Park to watch the Kaiser Chiefs and Travis or check out a photography exhibition in Abu Dhabi? Check out our full list of events and activities: newslide Abu Dhabi Fitness walk Take part in Walk 2016, the latest edition of the annual diabetes awareness walkathon hosted by the UAE’s Imperial College London Diabetes […]
LOS ANGELES // Leonard Cohen, the baritone-voiced Canadian singer-songwriter who seamlessly blended spirituality and human relationships in songs like Hallelujah, Suzanne and Bird on a Wire, has died at age 82, his son said Thursday. “My father passed away peacefully at his home in Los Angeles,” Adam Cohen said in a statement. “He was writing up until his last moments with his unique brand of humour.” Cohen, […]
MUMBAI Tata Motors (TAMO.NS) said on Friday that Tata Sons has called for an extraordinary general meeting to oust two directors, Cyrus Mistry and Nusli Wadia, from the automaker’s board, as the nasty spat between the Tata and Mistry camps escalates. In a securities filing, Tata Motors said top shareholder Tata Sons, which controls a 26.51 percent stake in the automaker that owns luxury brand Jaguar Land […]
INTERNATIONAL. Nine out of 10 banking professionals surveyed at large U.S., European and Canadian commercial banks said their company is currently exploring the use of blockchain technology for payments, according to a new report from Accenture (NYSE: ACN). The initiatives are designed to reduce costs, speed payments, reduce errors and drive new revenues. The report – Blockchain Technology: How banks are building a real-time global payment network – […]
|By Matein Khalid| The fall in oil prices since 2014 has triggered a liquidity crunch and higher funding costs in the UAE banking system. EIBOR is almost double the London interbank rate LIBOR. Non-performing loan (NPL) have begun to rise as property prices have fallen 20% from their peak and corporate/SME borrowers are hit by a sharp downturn in the business cycle. DIB shares reflect these macro […]
|By Matein Khalid| The Algiers pact was a game changer in the international oil markets. Crude oil prices have risen to three month highs above $50 Brent after OPEC agreed to cut output to the 32.5 – 33 MBD range, with the symbolic Saudi-Iranian deal reinforced by a sharp drop in US inventories and Hurricane Matthew’s havoc in the Caribbean. Unfortunately for OPEC, the US land rig […]
BlackBerry plans to stop making its signature smartphones internally, signaling a strategic shift for a company that built its reputation on innovative smartphone technology. Rather, all development for BlackBerry-branded phones will be left to BlackBerry’s partners, which will license BlackBerry’s technology and brand, while the Canadian company concentrates on growing its software business. “We believe that this is the best way to drive profitability in the device […]
|By Matein Khalid| When Ben Bernanke uttered the word “taper” in May 2013, he triggered a bloodbath in emerging markets and a free fall in “fragile five” currencies that included the Indian rupee and the Indonesian rupiah. However, Asian equities markets, while not immune to a Fed rate hike, are far better positioned for higher US dollar interest rates than in 2013, let alone 2007 or 1998. […]
Research led by Johns Hopkins University astrophysicists using information from a NASA space telescope breaks new ground in ways to observe a star swallowed by a black hole, promising to help paint a clearer picture of this cosmic phenomenon. The results, published online in the Astrophysical Journal, are based on two methods that are new in the study of this sort of star destruction: the first infrared […]
By Francesco Guarascio and Jason Hovet | BRATISLAVA BRATISLAVA Multinationals should refrain from tax avoidance practices and pay their fair share of taxes, the head of euro zone finance ministers said on Saturday, in a new endorsement to the European Union fight against tax dodging. In the wake of the ‘Panama Papers’ revelations of widespread tax avoidance practices, Brussels has toughened up its drive […]
|By Steve Austin| At first sight it appears that low oil prices are good for society. A low oil price helps us save dollars at the pump, acts as an economic catalyst making exchanges cheaper and thereby stimulating the economy. However, there are downsides as well, often out-of-sight-out-of-mind and we will address these today. Change in economic model For the first time we have entered an era […]
By Ben Gruber | CAPE CANAVERAL, Fla. CAPE CANAVERAL, Fla. NASA scientists are putting the finishing touches on a spacecraft designed to rendezvous with Asteroid Bennu in 2018 to find clues about the origins of life. “We are days away from encapsulating into our rocket faring and lifting this spacecraft on to the Atlas V vehicle and beginning the journey to Bennu and back,” Dante Lauretta, the […]
A solar storm that jammed radar and radio communications at the height of the Cold War could have led to a disastrous military conflict if not for the U.S. Air Force’s budding efforts to monitor the sun’s activity, a new study finds. On May 23, 1967, the Air Force prepared aircraft for war, thinking the nation’s surveillance radars in polar regions were being jammed by the Soviet […]
When Shahram Amiri emerged from the shadows into the spotlight six years ago, he was a young Iranian scientist who suddenly appeared on YouTube from a safe house, telling a bizarre story of having been kidnapped by the Central Intelligence Agency. Then, in another video that quickly followed, his story changed: He had come to the United States voluntarily to study, but desperately missed his son back […]
