PARIS French carmaker Renault was hit by the global ransomware cyber attack that has infected tens of thousands of computers in nearly 100 countries, a spokeswoman said on Saturday. It is the first major French company to report being affected by the malicious malware. “Measures are being put in place to stop the spread of the virus; it’s the first step,” the spokeswoman said. “We’re seeking to […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. It’s unclear where to start with President Trump’s interview with NBC’s Lester Holt that left the White House second-string spokesperson on a precipice better associated with the Flying Wallendas. “Trump’s account flatly contradicts the White House’s initial account of how […]
Europe’s investment community has barely had time to breathe a sigh of relief following Emmanuel Macron’s victory in the French presidential elections before starting to fret about other latent threats to the eurozone. Some investors have hailed the election — in which Mr Macron, a pro-EU liberal defeated Marine Le Pen, the Eurosceptic rightwing candidate — as a sign that Europe’s economic recovery remains on track. This […]
Al Khozama Management Company has hired Salini Impregilo, one of the world’s largest contractors to redevelop a major retail and hospitality site in the Saudi capital of Riyadh. The SR1.1 billion ($290 million) Al Faisaliah District renovation contract will see the upgrade of Al Khozama’s retail, hospitality and commercial assets starting with the renewal of the Al Faisaliah Mall. The contract starts with a SR200 million refurbishment […]
SAN FRANCISCO Southern Co’s (SO.N) Georgia Power and Toshiba Corp’s (6502.T) Westinghouse have reached a tentative deal to transfer project management of the expansion of a Georgia nuclear power plant to units of Southern Co, Georgia Power said in a statement on Friday. The interim agreement until June 3 will allow construction of the Vogtle plant expansion to continue, it said. Westinghouse Electric Co filed for bankruptcy […]
MAG Property Development (MAG PD), the property development arm of Dubai-based MAG Group, has announced that it will be broadening its presence across the emirate by expanding into Downtown Dubai and Dubailand. The developer said in a statement that it is planning to launch residential projects called MAG 318 and MAG 230, higher-end offerings which signal a move away from its normal affordable projects. Talal Moafaq Al […]
By Nelson Renteria | SAN SALVADOR SAN SALVADOR An uptick in deadly violence against transgender women in El Salvador prompted the United Nations on Friday to call for an investigation into crimes against sexual minorities in the conservative Central American country. So far this year, seven transgender women have been killed in El Salvador, according to the Geneva-based Office of the U.N. High Commissioner for Human Rights […]
Gulf neighbours are expected to demand further economic reforms in Bahrain, the region’s smallest economy, to justify continued financial support, according to a new report. Bank of America Merrill Lynch’s MENA economist Jean Michel-Saliba said that while GCC support remains firm in the near-term, over time, the GCC is likely to require from Bahrain greater reforms to restore sustainability. His report said GCC development funds have stepped […]
NEW YORK (Reuters) – As the strongest earnings season since 2011 draws to a close, and with the S&P 500 and Nasdaq Composite hovering near record highs, the biggest concern for some market analysts is, well, the lack of concern. Reuters
Technology and media confluence sets #AJTechSummit top trending on social media for two days May 11, 2017 – Doha, Qatar Held under the patronage of His Excellency Sheikh Hamad bin Thamer Al-Thani, Chairman of Al Jazeera Media Network, AJMN’s “Future of Media – Leaders’ Summit” concluded today at the Ritz Carlton Hotel in Doha. The Summit, the first of its kind in the region, prominent figures and […]
Image: Microsoft News Google’s autosuggest feature lets you know, sometimes with spooky accuracy, what other people are looking for when conducting queries similar to yours. So, with Google’s help, we provide answers to a few of the most popular searches about Microsoft Office 365. What’s the difference between Office 365 and Office 2016? Office 365 is a subscription service that includes a combination of online services and […]
UAE rider Saeed Al Khayari was crowned winner of the 120km Royal Windsor Endurance Race at Windsor Park in England, a race watched by Queen Elizabeth II. In the presence of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, King Hamad bin Isa Al Khalifa of Bahrain, and Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, […]
NEW YORK/BOSTON Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb’s Third Point and Daniel Och’s Och-Ziff Capital Management (OZM.N), owned stakes in Snap Inc (SNAP.N), parent of the wildly popular Snapchat messaging app, at the end of March, regulatory filings on Friday showed. The filings provide the first definitive snapshot on who bought Snap shares when it went public in early March, in […]
Dana Gas profit nearly doubled in the first quarter as the UAE-based natural gas producer boosted output. Net income rose to 40 million dirhams ($11 million) from 22 million dirhams a year earlier, the company said Thursday in a statement to the Abu Dhabi stock exchange. Sales climbed 44 percent to 432 million dirhams. Dana Gas, which pumps most of its gas at fields in Egypt and […]
MEXICO CITY General Electric Co (GE.N) Chief Executive Jeff Immelt is keen to double the conglomerate’s purchases from Mexican suppliers next year, the Mexican president’s office said in a statement on Friday, a move that could upset U.S. President Donald Trump. Immelt met with Mexico’s President Enrique Pena Nieto in Mexico City and will spend a few days in Latin America’s No. 2 economy at a time […]
DUBAI: Donald Trump Jr. is set to give the keynote address at an American University of Dubai graduation ceremony next week.The eldest child of the 45th president of the United States, Donald Trump, and his first wife, Ivana, Trump Jr. will address students and their friends and families at the event, which is slated for May 14.The event will be held at the city’s World Trade Center.Billed […]
Former Argentina coach Edgardo Bauza has taken on the challenge of trying to qualify the United Arab Emirates for the 2018 World Cup, it was announced on Thursday. The 59-year-old oversaw eight World Cup qualifying games for Argentina but was fired last month with the nation fifth in their group, and has now signed a two-year deal to coach in the Middle East. Bauza won the Copa […]
May 12, 2017 by: Mark Robinson and Emma Powell, Investors Chronicle Shares in Anglo American have risen 84 per cent base-to-apex within the past 12 months, a reflection of improved commodity pricing combined with cumulative rationalisation measures. Earlier this year, it was announced that the miner’s chairman, Sir John Parker, had decided to call it a day after an eight-year tenure in which he oversaw the sale […]
Saudi Arabia is preparing to cement ties with President Donald Trump by committing to unprecedented investments in the US. The kingdom’s sovereign wealth fund is set to announce plans to deploy as much as $40 billion into US infrastructure, according to people familiar with the matter. The investment may be unveiled as early as next week to coincide with Trump’s visit to the kingdom, said the people, […]
By Yashaswini Swamynathan The S&P 500 and the Dow edged lower on Friday as financial stocks fell, but losses on the Nasdaq were kept in check by a rise in technology shares. With the first-quarter earnings season coming to an end, investors are looking to the Federal Reserve, Trump administration and economic data for fresh trading catalysts. A risk-off sentiment has dominated trading this week after President […]
In a mini-tweetstorm Friday that combined references to alleged unfair treatment of his spokespeople and the firing of FBI Director James Comey, President Trump raised the possibility of canceling regular briefings with the White House press corps. The Fake Media is working overtime today! — Donald J. Trump (@realDonaldTrump) May 12, 2017 …Maybe the best thing to do would be to cancel all future “press briefings” and […]
Police in Dubai have recovered AED3 million ($810,000) in cash robbed from a security vehicle by six staff working for company that operates the vehicle, a senior police official has said. The gang of six Asian employees was caught by police before they could smuggle the money out of the country, said Major General Khalil Ibrahim Al Mansouri, assistant Commander-in-Chief of Dubai Police for Criminal Investigation in […]
By William Schomberg and David Lawder | BARI, Italy BARI, Italy Finance chiefs from some of the world’s richest nations began a two-day meeting in Italy on Friday, with Europe, Japan and Canada hoping to come away with a clearer picture of U.S. President Donald Trump’s plans on important policies. Inequality, international tax rules, cyber security and blocking the funding of terrorism are the focus of the […]
At the end of April, Dubai added yet another acquisition to its steadily growing list of attributes. No longer just a city, an emirate, a tourist destination or even home to the world’s tallest building, the city now also has its own official typeface, the Dubai font. The product of a two-year partnership between the Dubai Executive Council, the computer giant Microsoft and Monotype, the owner of […]
