The vicious battle roiling India’s once-admired Tata Group has escalated further with Cyrus Mistry, the recently deposed chairman, saying the conglomerate’s ill-fated $12bn acquisition of Corus in 2007 was mainly to satisfy the “ego” of his predecessor Ratan Tata. In his latest salvo, Mr Mistry — who is resisting attempts to force him off the board of several Tata operating companies — also claimed Tata Consultancy Services […]
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 […]
Japan has issued a series of tsunami warnings along its north-eastern Pacific coast after an earthquake with a preliminary magnitude of 7.3 struck offshore early on Tuesday morning. The strongest tsunami waves are predicted to hit the seaboard of Fukushima — the prefecture whose nuclear power plant was engulfed by the 2011 tsunami, triggering a meltdown and one of the world’s worst nuclear disasters. The quake and […]
Your daily guide to community and cultural activities across the Emirates for November 19, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Ladies’ event Head to Yas Waterworld today for Ladies’ Day and enjoy access to more than 40 rides, slides and attractions in a private setting staffed entirely by women. Today, 10am to […]
ABU DHABI // A No 1 limited edition licence plate commemorating Abu Dhabi Government’s Golden Jubilee was sold to an Emirati for Dh31 million on Saturday at Emirates Palace hotel. The winning bidder for the coveted plate, Abdullah Al Mahri, 32, said he bought it in honour of the country’s Rulers, who worked tirelessly to make the UAE No 1 in the world. “I’m very proud to […]
DUBAI // The sight of youngsters hauling enormous, overloaded backpacks to class each day is a thing of the past at one Dubai school after it decided to ease the daily burden by moving resources online. From textbooks to PE kits and lunch boxes, pupils often have bags filled to the brim with equipment for lessons. But, instead of piles of books, pupils at Arcadia Preparatory School […]
A small shopping centre close to my home with a grocery, dry cleaners, shawarma restaurant and stationers recently shut down. The businesses have been forced to re-locate to the building will soon be demolished. I don’t know the reasons but have experienced the impact – disappointment and sadness amongst area residents that a valued community hub has disappeared. Al Badia Golf Club is closing with 420 members […]
By Andrea Hopkins | OTTAWA OTTAWA Canadian manufacturers want their access to the U.S. market protected at all costs if Canada renegotiates the NAFTA trade deal with U.S. President-elect Donald Trump, even if that means losing the trilateral partnership with Mexico. Amid fears a Trump administration will tear up the North American Free Trade Agreement, the Canadian Manufacturers and Exporters group is lobbying Canada’s Liberal government to […]
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 […]
