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Donald Trump’s daughter Ivanka and her husband Jared Kushner have a combined wealth estimated in the nine-figures, while Ms Trump remains a stakeholder in Washington’s Trump International Hotel, according to new financial disclosures released by the White House on Friday evening. The wealth amassed by Mr Trump’s White House inner circle before he became president is exposed by a series of filings covering around 180 top administration […]

By Daniela Desantis and Luc Cohen | ASUNCION ASUNCION Protesters stormed and set fire to Paraguay’s Congress on Friday after the Senate secretly voted for a constitutional amendment that would allow President Horacio Cartes to run for re-election. The country’s constitution has prohibited re-election since it was passed in 1992 after a brutal dictatorship fell in 1989. “A coup has been carried out. We will resist and […]

Hedge funds betting on a sharp drop in global equities suffered further this quarter, while the broader industry’s returns lagged behind those of US and European stocks. The flagship fund of Crispin Odey, who for several years has been warning of a violent bursting of a bubble inflated by central banks, is narrowly down for the year. The fund endured a nearly 50 per cent decline last […]

Panama has a new tourist attraction: the building hosting the offices of the Mossack Fonseca law firm at the heart of the Panama Papers scandal. That is why, workers there say, the sign announcing the firm has been taken down from where it used to be outside the dark-tinted edifice in Panama City’s modern banking district. Too many tourists were stopping to take selfies in front of […]

By Roberta Rampton and Ayesha Rascoe | WASHINGTON WASHINGTON President Donald Trump on Friday released details of the personal finances of his staffers late on Friday, including his son-in-law Jared Kushner and daughter Ivanka, confirming that he has surrounded himself with some very affluent advisers. White House ethics officials said the legally required disclosure documents provided a snapshot of assets and positions held by personnel when they […]

This year’s edition of the show will feature Investment by Residency Programs, Golden Visa Program, Immigration Services, Affordable Housing, Sustainable Homes and Luxury Properties (local & international) This year’s edition of the show will feature Investment by Residency Programs, Golden Visa Program, Immigration Services, Affordable Housing, Sustainable Homes and Luxury Properties (local & international) UAE, Dubai, 31 March 2017 Compared with other types of investments, real estate […]

Marka, the UAE’s first retail-focused listed company, has reported a net loss of AED150 million ($40.8 million) for the full financial year of 2016. The company, which has exclusive rights to manufacture and sell Real Madrid products in the Gulf region, reported total revenue of AED294 million, an increase of nearly 37 percentover the full year results for 2015. Marka added that the net loss was mainly […]

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Silicon Valley tech companies should do more to help media companies get subscribers and revenues – this was the gist from six panelists discussing “Journalism + Silicon Valley: The Balance of Power” at a recent event in San Francisco organized by the Tow Center for Digital Journalists. The event marked the release of Tow Center’s report: “The Platform Press: How Silicon Valley reengineered journalism |” It is […]

By Gayathree Ganesan and Akankshita Mukhopadhyay Caterpillar Inc (CAT.N) said on Friday it will shut its Aurora, Illinois, plant, costing about 800 employees their jobs as the world’s largest construction and mining equipment maker shifts production to other U.S. facilities. Caterpillar was among companies that met with President Donald Trump in February to talk about job creation, at a time when about 2,300 U.S. workers at five […]

Silver Lake, the tech-focused private equity group, has teamed up with US chipmaker Broadcom in an attempt to acquire Toshiba’s semiconductor business for nearly $18bn, people briefed about the situation said.  The Japanese company is in talks with several other potential suitors for its chipmaking unit, these people said, as it hopes that the sale will help it meet any financial shortfalls related to this week’s bankruptcy filing for […]

A Qatar-based investment firm has announced it has invested in Voopter, the largest flight metasearch engine in Brazil. After reaching the mark of two million users per month, No Borders Investments (NBI) said it has made a “substantive investment” with co-investor Travel Capitalist Ventures, without giving specifics. The Doha-headquartered private investment firm said it typically makes investments of between $1-100 million in market leaders around the world. […]

President Trump has repeatedly threatened to change U.S. libel law to crack down on news organizations that publish information he finds objectionable. But could he actually make good on his threat? Several First Amendment experts reached by Poynter say President Trump couldn’t amend libel law simply because there is no federal statute governing libel. Further, any changes to existing libel laws would likely not favor President Trump, […]

Wall Street fell on Friday, pulled down by Exxon and JPMorgan Chase as investors wrapped up a strong quarter and weighed whether corporate earnings reports will justify the market’s lofty valuations. Major indexes have hit multiple record highs since the election of President Donald Trump on bets that he would improve economic growth by cutting taxes and boosting infrastructure spending. The rally has also benefited from robust […]

Emirates has announced plans to launch a daily A380 service to Nice, gateway to the French Riviera and Provence. The daily A380 service will start on July 1. After Paris, Nice becomes Emirates’ second destination in France to welcome the iconic double decker, the Dubai-based airline said in a statement. Nice is currently served with a daily flight operated by a Boeing 777-300ER. The deployment of an […]

Kingston’s Data Traveler is among only a handful of drives certified to work with Windows To Go. Can you imagine being a modern business traveler on a 12-hour transcontinental flight without access to a portable PC or even a tablet? I can’t either. And yet that’s the unpleasant reality the Trump administration has forced on some passengers who are booked on nonstop flights to the United States […]

Emirati investments in the industrial sector amounted to AED112 billion ($30.4 billion) in 2016, accounting for 86 percent of the total investments, according to UAE Minister of Economy Sultan bin Saeed Al Mansouri has said. The minister told Arabic language daily, Al Ittihad, that the total investments in the country’s industrial sector rose to AED130 billion by the end of 2016. Foreign investments in the sector were […]

By Toby Sterling and Joshua Franklin | AMSTERDAM/ZURICH AMSTERDAM/ZURICH Swiss bank Credit Suisse (CSGN.S) has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about tens of thousands of suspect accounts triggered raids in five countries. Coordinated raids began on Thursday in the Netherlands, Britain, Germany, France and Australia, the Dutch office for financial crimes prosecution (FIOD) said on […]

Dubai, UAE, Singapore, March 31, 2017  Takeda Pharmaceuticals Company Limited (“Takeda”),announced today that Ricardo Marek has been appointed as the President of the Emerging Markets Business Unit (EMBU), based in Singapore, effective April 1, 2017. In his new role he will lead allbusiness operations across five geographic Areas that compriseEM BU – Asia Pacific (excluding Japan), China, Latin America, Middle East & Africa and Russia-CIS. Marekwill also […]

The titans of the commodities industry are daring to believe the worst is over but are braced for an increasingly uncertain outlook as “me-first” protectionist policies threaten to destabilise global trade. Those were two of the key themes to emerge from the sixth Financial Times Commodities Global Summit in Lausanne last week. The head of Cargill, the world’s biggest agricultural commodities merchant, called on the commodities industry […]

Verizon said on Friday it would reorganize its operating structure to focus on three core business areas: media and telematics, network and technology, and customer and product operations. The telecom giant has also hired former Ericsson CEO Hans Vestberg to lead its new network and technology team. Vestberg will focus on further developing Verizon’s fiber network infrastructure. He will initially be based in Sweden, and is expected […]

Boxing legend Manny Pacquiao is back in talks for a possible fight with unbeaten Australian Jeff Horn, the Filipino world champion’s adviser said Friday. The announcement follows the much-publicised collapse of a $38 million bout between Pacquiao and Britain’s Amir Khan, reportedly after investors in the United Arab Emirates failed to come up with the money. “We are discussing the matter with (US promoter Bob) Arum,” Pacquiao’s […]

DuPont (DD.N) said on Friday it would buy a unit of FMC Corp (FMC.N) and sell its crop protection business to the company to win European Union approval for its merger with Dow Chemical (DOW.N), and delayed the deal’s closing again. DuPont said its $130 billion merger with Dow Chemical, which was expected to close in the first half of 2017, is now anticipated to close between […]

Explore investment opportunities in Madhya Pradesh – India, at the Annual Investment Meeting (AIM) 2017 Explore investment opportunities in Madhya Pradesh – India, at the Annual Investment Meeting (AIM) 2017 Dubai, 31 March 2017 The state of Madhya Pradesh, often called the heart of India is participating at the Annual Investment Meeting (AIM) which will be held in Dubai from 2nd – 4th April 2017 at Dubai […]

The UAE’s healthcare market is set to surge to more than AED103 billion ($28 billion) by 2021 – reperesenting 60 percent growth over the next five years, according to a report. Expected improvements in the quality of healthcare provision, together with rising demand for preventative care and digital medical services will help to fuel massive growth of the industry, the study by MENA Research Partners (MRP) said. […]

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