Photo Mayor Nir Barkat of Jerusalem says he is optimistic that when Donald J. Trump is president, he will move the United States Embassy from Tel Aviv to Jerusalem, whose status is contested by Israel and the Palestinians. Credit Associated Press/Tsafrir Abayov The mayor of Jerusalem says that he is optimistic that once Donald J. Trump becomes president, the United States will quickly move its embassy in […]
President-elect Donald Trump on Sunday rejected as “ridiculous” a CIA report that Russia had intervened in the presidential election in order to help him win. Mr Trump called the intelligence assessment, which rocked Washington this weekend, “just another excuse” for Hillary Clinton’s surprise loss. “I don’t believe it,” he told Fox News. The interview aired shortly after a bipartisan Senate quartet called for a congressional investigation of […]
PTI BOGOR (INDONESIA)President Joko Widodo Saturday said Indonesia and India must cooperate closely in the key areas defence, security and counter-terrorism as no country is immune to a terror attack and also sought stepping up of bilateral trade ties.“I am very much looking forward to have discussions with Prime Minister Modi,” Widodo told PTI in an interview ahead of his state visit to India, beginning Monday.Widodo said […]
Photo Alexander Novak, Russia’s energy minister, left, with Khalid Al-Falih, Saudi Arabia’s energy and industry minister, after OPEC members and 12 other countries met in Vienna, Austria, on Saturday. Credit Lisi Niesner/European Pressphoto Agency Russia and other oil producers agreed on Saturday to join OPEC nations in a rare, coordinated reduction in oil output meant to lift petroleum prices and revenues to shore up their sagging government […]
By Steve Holland | BALTIMORE BALTIMORE U.S. President-elect Donald Trump is expected to name the chief executive of Exxon Mobil Corp as the country’s top diplomat, a source familiar with the situation said on Saturday, an appointment that would put in place an official with close ties to the Russian government. News of Tillerson’s possible appointment comes as U.S. intelligence analysts have concluded that Russia intervened in […]
By Alister Doyle | OSLO OSLO Colombian President Juan Manuel Santos said an accord to end a 52-year civil war with Marxist rebels was a “ray of hope” for solving conflicts from Syria to South Sudan as he collected the Nobel Peace Prize on Saturday. In an acceptance speech that quoted an anti-war song by Bob Dylan, the 2016 Literature Laureate, Santos said Colombia itself had drawn […]
VIENNA OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. With the deal finally signed after almost a year of arguing within the Organization of the Petroleum Exporting Countries and mistrust in the willingness of non-OPEC […]
10 December 2016 Dubai, UAE: Dubai Electricity and Water Authority (DEWA) has reached financial closure for the 2,400MW Hassyan clean coal power project. The project uses the Independent Power Producer (IPP) procurement model on a Build Own Operate (BOO) basis and is supported by a 25-year Power Purchase Agreement (PPA) with DEWA. Last June, DEWA signed the PPA, Shareholders Agreement (SHA), and other project agreements with the […]
Dubai-based Citigate Commodities Trading has signed a joint venture agreement with Stellar Diamonds, the London listed diamond development company focused on west Africa, for Safa Afrique, its diamond mining portfolio. Under the deal, Stellar Diamonds will be operating mines in Liberia and Guinea for the first phase while Citigate Commodities Trading has been appointed as the official off-taker of all diamonds produced. The agreement follows a deal […]
In early 2009, roughly at the time when this blog was launched which coincided with the start of the greatest monetary experiment of all time, we warned that there are two ways it will end: either in hyperinflation, or a deflationary supernova, the failure of currency and, eventually, barter. Now, almost 8 years later, some of the world’s top hedge funds are in agreement, and they are […]
By Laila Bassam and John Davison | ALEPPO, Syria/BEIRUT ALEPPO, Syria/BEIRUT Syrian’s military and Russian warplanes bombarded rebel-held districts of Aleppo on Saturday as Damascus’s allies said victory was near, but insurgents fought back and army advances halted after rapid gains during the week. The United States said it was meeting a Russian team in Geneva to find a way to save lives, but an agreement looked […]
MANAMA Egypt’s Foreign Minister Sameh Shukri on Saturday hailed a “special relationship” with Saudi Arabia, denying reports that the two powerful Arab nations had fallen out after Egypt expressed support for the Russian intervention in Syria. Egypt voted in favour of a Russian-backed U.N. resolution on Syria in October that excluded calls to stop bombing Aleppo, which Saudi Arabia strongly opposed. The kingdom informed Egypt last month […]
Submitted by Nomi Prins via TomDispatch.com, Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a multimillionaire) a drag. What would there be to talk about if you left the Machiavellian class and its exploits for the company of the sort of normal folk you can rouse at a rally? It’s […]
Opec’s first supply cut in eight years looks set to earn the 13-member cartel an extra $5bn a month in revenues. The 15 per cent rally in oil prices since last Wednesday’s agreement looks like an impressive return from a marginal cut in output, even if the deal was months in the making. Beyond the headline price reaction the market has thrown Opec a curve ball. Oil […]
WASHINGTON The CIA has concluded that Russia intervened in the 2016 election to help President-elect Donald Trump win the White House, and not just to undermine confidence in the U.S. electoral system, the Washington Post reported on Friday. Citing U.S. officials briefed on the matter, the Post said intelligence agencies had identified individuals with connections to the Russian government who provided thousands of hacked emails from the […]
Michigan Gov. Rick Snyder signs legislation that establishes comprehensive regulations for the testing, use and eventual sale of autonomous vehicle technology at the Automotive Hall of Fame in Dearborn, Mich., on Friday Dec. 9, 2016. The package of bills signed into law Friday comes with few specific state regulations and leaves many decisions up to automakers and companies like Google and Uber. It also allows automakers and […]
Donald Trump wants Wilbur Ross, the billionaire investor tapped for Commerce secretary, to oversee his trade policy, in a controversial move that could spark a battle between the incoming administration and Congress. Mr Trump has agreed to give Mr Ross, a close friend, responsibility for handling one of his signature campaign issues, the Financial Times has learnt. The move, which would cut the influence of the US […]
By Gabriela Baczynska | BRUSSELS BRUSSELS Eastern European Union states remain at loggerheads with “frontline” countries such as Greece and Italy over sharing the burden of caring for asylum-seekers reaching EU frontiers, officials said on Friday. Largely uncontrolled arrival of some 1.4 million people from the Middle East and Africa in the past two years, many fleeing Syria’s civil war, has triggered bitter EU infighting. Dispute centres […]
Electronic storage detection canine Iris of the New Jersey FBI helps investigators search the home of New York City terror suspect Ahmad Khan Rahami, who set off bombs in Manhattan and on the Jersey Shore, in September 2016. Image: Connecticut State Police This article originally appeared on TechRepublic. The call came at 5:30 am on a hot July morning in 2015. The Indianapolis Metropolitan Police Department told […]
Good morning. Regrets laced with irony Glenn Beck is sorry. He really is. He swears. He’s sort of like Miss Otis in Cole Porter’s oft-recorded 1934 “Miss Otis Regrets” (I’ll take Bette Midler’s version). She “woke up and found that her dream of love was gone, madam.” And, them, “from under her velvet gown, she drew a gun and shot her lover down, madam.” In this case, […]
COLOMBO, Sri Lanka—Sri Lanka’s heavily indebted government signed an agreement in principle on Thursday to sell an 80% stake in a deep-water port on the nation’s southern coast, close to one of the world’s busiest sea lanes, to a Chinese state-owned company, senior officials said. Under the deal, a copy of which was reviewed by The Wall Street Journal, China Merchants Port Holdings Co. would pay about […]
Madrid, Spain – 09 November 2016 Fotowatio Renewable Ventures (FRV), a leading global developer of large-scale solar power plants and part of Abdul Latif Jameel Energy, has been awarded a 30 year 300 MW solar project in the second electricity market auction, conducted by the National Energy Control Center (CENACE) of Mexico. With this Build-Operate-Own agreement, FRV extends its global footprint into the Mexican market at very […]
3M Co (MMM.N), the maker of Scotch tape and Post-it notes, said it had entered into agreements to sell its identity management business to Amsterdam-based digital security company Gemalto (GTO.AS) for $850 million. The unit, which provides biometric solutions used in law enforcement, border control and civil identification, has annual global sales of about $215 million. “We believe that the identity management business will be better positioned […]
1776, a Washington, DC-based technology incubator with a direct presence in Dubai, has signed a partnership agreement with the UK Lebanon Tech Hub (UKLTH), a joint initiative by Banque du Liban (Lebanon’s Central Bank) and the UK Government. The partnership is aimed at supporting Lebanon’s fastest-growing tech start-ups and help them break into new international markets such as the UAE and the neighboring Gulf countries. Start-up companies […]
