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 […]
Photo Closer Aroldis Chapman, left, with Starlin Castro, signed with the Yankees for five years, but he can opt out after three. Credit Mike Stobe/Getty Images NATIONAL HARBOR, Md. — You might think a $17.2 million annual salary, a new benchmark for closers, would be enough to get a five-year commitment to the Yankees from Aroldis Chapman. But that is not how free agency works. The Yankees […]
“Modern Family” star Sofia Vergara is being sued by her two frozen embryos in an unusual lawsuit as part of a three-year battle by her ex-fiance to see the embryos brought to life. The female embryos, which were created when Vergara was engaged to businessman Nick Loeb, are given the names Emma and Isabella and listed as plaintiffs in a lawsuit filed in Louisiana state court on […]
The deals, if finalized, would bring much-needed expertise and foreign investment to Iran’s ailing energy sector. Continue reading the main story Just as important, the agreements provide a lifeline to the rest of the world, experts say, critical to keeping dollars flowing and in cementing relations with European and Asian countries. Few Iranian officials like to acknowledge that in public, insisting that the country is immune to […]
It was Donald Trump’s press conference in the early hours of November 9 that some pinpoint as the moment fears about what his presidency would mean for stock markets turned into euphoria about his victory. Campaign pledges to give a boost to the US economy were repeated, as the newly president-elect struck a moderate, even conciliatory, tone. Whatever you think of the reaction in financial markets since, […]
DUESSELDORF, Germany Germany’s highest court will decide next year on complaints brought by utilities against a tax on nuclear fuel rods, a spokesman said on Thursday, in a further challenge to the government’s energy policy. E.ON, RWE and EnBW have demanded exemption from the tax, introduced in 2011, and are claiming back the roughly 5.8 billion euros ($6.2 billion) they have already paid. The tax requires companies […]
European Parliament president Martin Schulz does not believe the Panama Papers scandal has cast doubt on Malta’s ability to push through the EU anti-money laundering laws. Mr Schulz was fielding questions at a joint conference with Prime Minister Joseph Muscat during his visit to the island before Malta assumes the EU presidency. The EU’s anti-money laundering directive was enacted in June 2015, and with a two-year window […]
By Pak Yiu and Lisa Jucca | HONG KONG HONG KONG Cardinal Joseph Zen, the most senior Chinese Catholic cleric, says the participation of an excommunicated prelate at two bishop ordinations in China was a “slap in the face” for Pope Francis just as Rome seeks a historic deal with Beijing. Bishop Lei Shiyin, who was excommunicated by the Vatican in 2011 for accepting his appointment without […]
Can you imagine a bank where artificial intelligence runs checking accounts, debit cards, and wire transfers? Image: Getty Images/iStockphoto The Milan-London startup connection is getting stronger. After MoneyFarm and Soundreef, yet another promising Italian startup, Euklid, is opening up shop in the UK capital, moving its headquarters to be part of the city’s vibrant ecosystem. The team selected London’s Level39 fintech accelerator as its new center of […]
This is part of a series on the global rise of exchange traded funds ETFs are a global phenomena, but there are significant differences between the market in Europe and the US. This piece examines the most important. The US is far bigger Demand for exchange traded funds in Europe has never been higher. Assets held in funds and products listed across the region hit a record […]
Photo Aroldis Chapman pitching for the Yankees on July 18. He was traded to the Chicago Cubs later that month. Credit Al Bello/Getty Images NATIONAL HARBOR, Md. — The Yankees fulfilled the main objective of the off-season late Wednesday night, agreeing with closer Aroldis Chapman on a five-year, $86 million contract. The deal reunited the Yankees with the hardest-throwing pitcher in baseball after they traded him to […]
By Christopher Johnson | LONDON LONDON Oil prices steadied around $50 a barrel on Thursday, close to the week’s lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment. North Sea Brent crude was up 25 cents at $53.25 a barrel by 0940 GMT. U.S. light crude was up 20 cents at $49.97 a barrel. Both benchmarks […]
MOSCOW — The Russian government announced Wednesday that it will sell nearly 20 percent of its state oil company, Rosneft, to the Swiss commodity trading firm Glencore and the sovereign wealth fund of Qatar. The deal defies expectations that no investor would dare buy a share in the Russian asset, given Western sanctions against the government of President Vladimir V. Putin. But the emergence of foreign money […]
By Sarah Marsh | HAVANA HAVANA Cuba said on Wednesday it hoped to sign off on at least half a dozen agreements with the United States before businessman Donald Trump, who has threatened to derail detente between the former Cold War foes, becomes president on Jan. 20. Cuban and U.S. officials held talks in Havana to discuss what more could be accomplished during President Barack Obama’s remaining […]
News stories are released on weekdays. 2 hours ago Vatican confirms ban on homosexual candidates for priesthood The Vatican has confirmed that homosexual men should not be ordained to the priesthood. In a new instruction for the training of seminarians, entitled The Gift of the Priestly Vocation, the Congregation for the Clergy says that the Church “cannot admit to the seminary or to holy orders those […]
Kuwait will request that an OPEC committee responsible for monitoring compliance with a global oil output reduction agreement meet in February or March next year, acting oil minister Anas al-Saleh said on Tuesday. “In my capacity… as head of the committee… I will call for a meeting of the first Monitoring Committee to take place in February or March 2017, ” Saleh said in a statement. “We […]
DUBAI: Britain will help Gulf states “push back” against aggressive regional actions by Iran, Prime Minister Theresa May told the Gulf Cooperation Council (GCC) in Bahrain on Wednesday in a televised address.“We must… continue to confront state actors whose influence fuels instability in the region,” May told Gulf leaders at their annual summit.“So I want to assure you that I am clear-eyed about the threat that Iran […]
Dubai aims to become the seventh leading maritime capital of the world by 2020 ahead of London, New York, Tokyo, Copenhagen, and Rio de Janeiro The UAE is first WTO member from the Arab region to ratify the new Trade Facilitation Agreement (TFA) in April 2016 07 December 2016Dubai aims to become the seventh leading maritime capital of the world by 2020 ahead of London, New […]
Video Iran’s President on Trump and Nuclear Deal President Hassan Rouhani of Iran said on Tuesday that he would not let the United States back out of the Joint Comprehensive Plan of Action nuclear deal, warning of unspecified repercussions if Washington reneges. By IRINN, VIA REUTERS. Photo by Iranian Presidency, via Agence France-Presse — Getty Images. Watch in Times Video » TEHRAN — Iran’s president said on […]
Investment in Manufacturing Innovative Medicines Supports the Kingdom’s “Vision 2030” Aspirations 06 December 2016 Merck Sharp & Dohme (MSD), known as Merck & Co, Inc. in the US and Canada, has today highlighted the initiation of the manufacturing investment agreement with Pharma Pharmaceutical Industries (PPI). This deal enables PPI to exclusively manufacture many of the MSD medicines approved by the Saudi Food & Drug Authority and distributed […]
CARACAS Venezuela’s opposition said on Tuesday talks with President Nicolas Maduro’s administration were off until the leftist government keeps promises on elections and foreign aid, casting further doubt on Vatican-brokered attempts to alleviate the country’s deep political crisis. The formal talks, which began in October with facilitators from the Vatican, appeared to have led to the release of a handful of detained activists, but hopes for real […]
Chesapeake Energy, the indebted US energy group that was among the pioneers of the country’s shale revolution, tapped debt markets for the first time in more than two years on Tuesday in a deal that underlined renewed appetite for oil and gas assets. The Oklahoma-based company, which defaulted on some of its obligations this year, secured $1bn in a larger than expected financing to repay as much […]
ABU DHABI // The UAE Space Agency issued the Arab world’s first national space policy in the capital on Tuesday – the first step to formulating laws for the industry. “The policy is just like a torch guiding us to where we have to go,” said Dr Mohammed Al Ahbabi, the agency’s director general. “Our space laws will have elements designed for tomorrow’s technologies and industries, such […]
Speaking at the session were H.E. Saeed Al Tayer, MD and CEO of DEWA; H.E. Dr. Aisha Butti bin Bishr of the Smart Dubai Office; Academic Researcher Vivek Wadhwa; and Bibop G. Gresta and Dirk Ahlborn of Hyperloop Transportation Technologies, Inc. Dubai, December 6, 2016 A panel discussion exploring “Future Cities” and the role that knowledge plays in that regard concluded the sessions of day one of […]
