Bizarrely enough, it’s difficult to determine what constitutes a “small business” in the United States. The US Small Business Administration has a table of standards [PDF] that ranges from about 250 to over a thousand employees. On the other hand, the Affordable Care Act kicks in certain requirements for businesses with over 50 employees. So, what exactly is small? When I researched my book, How To Save […]
DUBAI // A policeman who accepted Dh5,000 in return for helping a prisoner escape from his cell has been jailed for three years. The 27-year-old officer, who holds a Comoros Islands passport, was convicted of helping the Emirati escape from a police station after accepting the cash on October 14 last year. The prisoner, a 35-year-old businessman, was being held on charges of using a forged official […]
By Harry Pearl | SYDNEY SYDNEY Australian Prime Minister Malcolm Turnbull said on Sunday he was confident a refugee resettlement deal with the United States would go ahead, despite White House comments which seemed to cast doubt about its future under a Trump Administration. White House deputy spokesman Eric Schultz told reporters the deal to resettle in the U.S refugees currently held at Australian-funded offshore processing centres […]
Dubai-based air services provider dnata has reached an agreement with Canada’s GTA Aviation to purchase a 50 percent stake in its cargo and ground handling operations at Toronto Pearson International Airport. The unit of Emirates Group said the investment marks dnata’s first step into the Canadian market and is a “significant development in the company’s expansion into the Americas”, less than a year after announcing investments in […]
SIMI VALLEY, Calif. The United States should focus on larger strategic interests in the Asia-Pacific region, including expanding trade ties, the defense minister of Singapore said on Saturday, when asked about the controversy sparked by U.S. President-elect Donald Trump’s phone call with the president of Taiwan. Ng Eng Hen said it was not Singapore’s place to comment on Trump’s phone calls, but welcomed comments by his aides […]
Submitted by Robert Parry via Strategic-Culture.org, Under the cover of battling “fake news,” the mainstream U.S. news media and officialdom are taking aim at journalistic skepticism when it is directed at the pronouncements of the U.S. government and its allies. One might have hoped that the alarm about “fake news” would remind major U.S. news outlets, such as The Washington Post and The New York Times, about […]
By Tom Perry, Isla Binnie and Vladimir Soldatkin | BEIRUT/ROME/MOSCOW BEIRUT/ROME/MOSCOW Russia said on Saturday it was ready for talks with the United States about a withdrawal of all Syrian rebels from eastern Aleppo where advances by the Russian-backed Syrian army and its allies threaten to deal a crushing blow to the rebellion. An official with an Aleppo rebel group accused Russia of backtracking on ideas agreed […]
Opec’s production cut this week to bolster oil prices may strike many as a throwback to an earlier era, but it hinged on a very modern method of communication: a messaging group between the smartphones of Saudi Arabia’s delegation in Vienna and Prince Mohammed bin Salman al-Saud. For a royal priding himself on being a tech savvy moderniser in the kingdom, the use of a popular encrypted messaging service may […]
By Nate Raymond | NEW YORK NEW YORK Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Airbnb filed the suit in October after New York state enacted a law imposing fines of up to $7,500 on hosts who advertise illegal short-term […]
By Parisa Hafezi | ANKARA ANKARA Iran threatened on Friday to retaliate against a U.S. Senate vote to extend the Iran Sanctions Act (ISA) for 10 years, saying it violated last year’s deal with six major powers that curbed its nuclear programme. The ISA was first adopted in 1996 to punish investments in Iran’s energy industry and deter its alleged pursuit of nuclear weapons. The extension was […]
Fitch Ratings-Moscow/London-01 December 2016 OPEC’s agreement to cut production by 1.2 million barrels of oil per day, and the potential agreement to cut with non-OPEC countries, should help accelerate market re-balancing and increases the chances of more rapid oil price recovery than previously expected, says Fitch Ratings. But implementation risks remain, including OPEC’s adherence to the agreement and the willingness of other participants, notably Russia, to co-operate […]
WASHINGTON Donald Trump’s transition team is examining proposals for new non-nuclear sanctions on Iran, the Financial Times reported on Friday, citing congressional sources who have been in contact with the president-elect’s team. Officials with Trump’s team have been in touch with fellow Republicans in Congress, where they hold the majority, to discuss possible sanctions separate from last year’s Iran nuclear deal that could focus on its ballistic […]
Coutts, the taxpayer-owned bank, provided offshore services to controversial clients including a member of the Brunei royal family accused of stealing billions from his own country, and a banker charged with assisting the sons of Egypt’s deposed president, Hosni Mubarak, in financial crime. Known as the Queen’s bank after its most famous customer, Coutts is revealed to have managed secretive tax haven structures for the Sultan of […]
By Roslan Khasawneh | SINGAPORE SINGAPORE Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week’s OPEC-Russia accord on cutting output giving way to questions on the “sticking point” of implementing the deal. International Brent crude oil futures LCOc1 were trading at $53.36 per barrel at 0446 GMT, down 58 cents, or […]
Photo Senator Mitch McConnell, the majority leader, after a Republican caucus at the Capitol on Tuesday. Credit Stephen Crowley/The New York Times WASHINGTON — The Senate voted on Thursday to extend American sanctions against Iran for a decade, sending to President Obama a measure that supporters said would help ensure that the United States could fully respond if Iran were to violate its obligations under the nuclear […]
Petrochemicals companies led Gulf stock markets higher on Thursday in response to OPEC’s first agreement on output cuts to prop up oil prices since 2008 – a deal that could allow governments to ease austerity policies slightly. Expectations for the deal had already boosted oil and Gulf bourses on Wednesday, but the agreement included bigger production cuts than many analysts had expected, lifting oil prices higher on […]
It could soon become harder for companies to punish consumers for posting negative reviews about their products or services. Businesses would no longer be allowed to put so-called “gag” clauses in customer agreements under a bill approved by Congress. A small but growing number of companies have been inserting non-disparagement agreements into the fine print […] (via WSJ)
Image: Getty Images/iStockphoto Neural networks, machine-learning systems, predictive analytics, speech recognition, natural-language understanding and other components of what’s broadly defined as ‘artificial intelligence’ (AI) are currently undergoing a boom: research is progressing apace, media attention is at an all-time high, and organisations are increasingly implementing AI solutions in pursuit of automation-driven efficiencies. The first thing to establish is what we’re not talking about, which is human-level AI […]
Now the hard work begins. The supply agreement agreed by Opec on Wednesday sent oil prices soaring above $50 a barrel but there are many reasons for caution, not least in making sure no one cheats and producers from outside the cartel also contribute. While the deal looks straightforward, it is anything but and the devil is in the detail. The conference documents released on Wednesday evening […]
By Jacob Gronholt-Pedersen | COPENHAGEN COPENHAGEN Maersk Line, the world’s biggest shipping company, is to buy smaller rival Hamburg Süd, joining a wave of M&A in the industry just over two months after the Danish company revealed plans to bolster its transport operations. The deal, announced by parent A.P. Moller-Maersk (MAERSKb.CO) on Thursday, is the group’s first full takeover in more than a decade and highlights a […]
Colombia’s Congress has approved an amended peace deal with the country’s Farc rebel group, reviving hopes of a permanent end to Latin America’s longest running civil war just two months after the original pact was narrowly rejected by voters in a referendum. The House of Representatives unanimously approved the plan — with some opposition members abstaining — a day after the Senate also gave its backing. President […]
Pursglove would soon learn, however, that navigating this offshore archipelago is not easy. In any given year, trillions of dollars sit safely in the offshore financial world, effectively stateless, protected by legions of well-compensated defenders and a tangle of laws deliberately designed to impede creditors and tax collectors. Even the United States government finds it challenging: A special Internal Revenue Service division known as the “wealth squad,” […]
By Saikat Chatterjee | HONG KONG HONG KONG China’s factories notched their strongest growth in activity in two years and Japanese firms’ order books rose in November, masking concern about the protectionist leanings of U.S. President-elect Donald Trump and an OPEC-induced oil price rally. Factory surveys produced stronger purchasing manager index (PMI) numbers in China, Taiwan and Vietnam, and while activity in Japan’s factories was still growing […]
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