PARIS Francois Hollande’s election as president in 2012 was supposed to herald a new dawn for French socialism after 17 years of right-wing rule, but by June his party could be struggling to survive. Weeks before the start of an election to pick France’s next president, the ruling bloc is in tatters. Socialist Party (PS) nominee Benoit Hamon is floundering after adopting a hard-left programme that alienated […]
Tesla Motors and SpaceX boss Elon Musk says Neuralink will explore software on implantable devices for the human brain. Image: James Leynse Tesla and SpaceX boss Elon Musk has created another out-there venture called Neuralink, which will develop tech to enhance human brain capacity. Details of Musk’s new medical research company were reported by The Wall Street Journal on Monday. Musk plans to reveal more details in […]
Era defined by seemingly random and unrelated events combining to create new structures Delegates told to ignore traditional bureaucracy and ‘listen to the information flow’ Global Manufacturing and Industrialisation Summit held at the Paris-Sorbonne in Abu Dhabi from March 27-30, 2017 Abu Dhabi, UAE, March 28, 2017 Beth Comstock, Vice Chair, GE, told delegates to the inaugural Global Manufacturing and Industrialisation Summit (GMIS) that we […]
U.S. stocks opened little changed on Tuesday as investors assessed President Donald Trump’s first major policy stumble, while awaiting comments from several Federal Reserve policymakers including Fed Chair Janet Yellen. The Dow Jones industrial average .DJI was down 16.24 points, or 0.08 percent, at 20,534.74, the S&P 500 .SPX was down 1.8 points, or 0.07 percent, at 2,339.79 and the Nasdaq composite .IXIC was down 2.92 points, […]
ANKARA Turkey was warning Europe not to interfere in a referendum next month on changing the constitution and expanding President Tayyip Erdogan’s powers, Prime Minister Binali Yildirim said on Tuesday, adding Europe should “mind its own business”. The issue of the referendum has already badly strained relations between Turkey and several European countries, including Germany and the Netherlands, after they banned Turkish ministers from campaigning in their […]
Cuban president Raúl Castro is preparing to step down next year, Venezuela has cut millions of dollars in aid and Donald Trump’s election has cast a shadow over the nascent US-Cuba detente. Unnerved by the changes, Havana’s domestic reform drive has ground to a halt as the Communist party battens down the hatches. Marino Murillo, the senior official leading Cuba’s reforms, has not been heard in public […]
BEIJING The inaugural flight of a new charter service from North Korea’s capital to the northeastern Chinese city of Dandong landed on Tuesday, the official Xinhua news agency said. The launch comes amid ongoing tensions on the Korean peninsula over the hermit state’s missile and nuclear tests, which it says are in response to joint drills between the United States and South Korean military. The twice-weekly flight […]
Middle Eastern online retailer Souq.com will make an announcement later on Tuesday about Amazon.com Inc’s bid to buy 100 percent of the company from its shareholders, two sources familiar with the matter told Reuters. One of the sources, declining to be identified ahead of the announcement, said the statement would say that Souq.com’s shareholders had accepted the bid. Souq.com declined to comment. Amazon officials could not immediately […]
Since its founding in 1857, The Atlantic has been a fundamentally American magazine. It was launched by leading lights of American literature: Ralph Waldo Emerson, Henry Wadsworth Longfellow and Oliver Wendell Holmes. Nathaniel Hawthorne reported for the magazine from Civil War battlefields. President Abraham Lincoln once said that a favorable article in the magazine could save him seven or eight battles in the Civil War. But soon, […]
DUBAI Amazom.com (AMZN.O) has agreed to acquire Middle East online retailer Souq.com, [IPO-SOUQ.DU], the two companies said in a joint statement on Tuesday. The value of the deal was not disclosed. “By becoming part of the Amazon family, we’ll be able to vastly expand our delivery capabilities and customer selection much faster, as well as continue Amazon’s great track record of empowering sellers,” said Souq.com’s co-founder, Syrian-born […]
Patient experience at the forefront as the UAE healthcare market continues to grow 28 March 2017 Abu Dhabi – The UAE healthcare market is estimated to reach Dh71.56 billion by 2020, achieving an annual average growth of 12.7 per cent, marginally higher than the GCC growth average, propelled by medical tourism and a higher than ever demand for new facilities & technologies. With its vision to develop […]
Jordan’s state media say public and private sector officials from Saudi Arabia and Jordan have signed 15 economic agreements, including establishing a joint fund that will launch an estimated $3 billion worth of investments in Jordan. The Petra news agency says the agreements were signed after a meeting late Monday between Saudi King Salman and Jordan’s King Abdullah II. Planned projects include reconstruction and rehabilitation of a […]
“The new tax rate will bring Saudi Aramco in line with international benchmarks,” Saudi Aramco’s chief executive officer, Amin H. Nasser, said in a statement. Continue reading the main story The tax cut was announced a couple of months after intensive discussions with international bankers in Riyadh about how the offering should be structured. Bankers and independent specialists said the cut would help increase the cash flow […]
The grant announcement continues a run of significant recognition for the Center’s work. In recent days, five separate Center investigations have been honored as part of three prestigious journalism competitions. The Center was a winner in three categories of the Society of American Business Editors and Writers “Best in Business” competition, while taking a first place and a second place prize in the Association of Health Care […]
Dubai's stormy weather captured on Instagram Source link
HONG KONG Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong-based investor group Integrated Whale Media Investments (IWM), which holds 95 percent of Forbes Media, is also in talks with another Chinese media firm and is scouting for more potential buyers for most […]
A year since the leak of some 11 million documents from Mossack Fonseca, the owners of the vast wealth hidden away by the Panamanian law firm appear safe from everything but embarrassment. The founders of the law firm were less fortunate. Juergen Mossack and his colleague Ramon Fonseca, were arrested in Panama City in February in connection with Brazil’s sprawling car wash corruption scandal. The investigation is […]
ABU DHABI // Two teams of UAE researchers are among the first to receive grants from a total of Dh45 million being awarded by the British government in the Arabian Gulf to tackle global challenges. Researchers at Masdar Institute of Science and Technology and Khalifa University are each receiving Dh1.8m for work on sustainability, in desalination and algae control. Eight grants are being given. Clare Grundy, deputy […]
The bagpiper striding across the bottle label wears flowing green tartan, a luxuriant black moustache — and a red turban. Bagpiper whisky, distilled by Diageo through its United Spirits subsidiary in India, is one of India’s most popular brands, available even in a tetra pak. But at Rs300 ($4.50) for a 750ml bottle, it is not a brand that will power a rapid return on Diageo’s £1.9bn […]
SEOUL South Korea’s family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May’s presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal. The conglomerates known as chaebol have come under the reform buzz saw before, only to emerge bigger and stronger than ever. The country’s four biggest chaebol groups account for around half the […]
Dubai, UAE, 27th March 2017 Emirates Integrated Telecommunications Company PJSC (“du”) today held its General Meeting at Al Salam Tower, Dubai Media City, where the proposed final dividend of AED 0.21 per share for the 2nd half of the fiscal year ending 31 December 2016, was approved, bringing the annual dividend payment for 2016 to AED 0.34 per share. This includes an AED 0.13 per share interim […]
Democracy Fund and First Look Media on Monday announced $9 million in funding to bolster an independent free press split evenly between three newsrooms: ProPublica, the Center for Public Integrity and the Center for Investigative Reporting. Democracy Fund and First Look Media are also committing an additional $3 million to support independent in vigorous journalism. It includes: The Knight Prototype Fund aimed at combating misinformation will receive […]
5 Dubai apartments to buy for under AED750,000 Source link
JOHANNESBURG Finance Minister Pravin Gordhan is set to return to South Africa early on Tuesday after being ordered home from London by President Jacob Zuma, hours before a court hearing over the closure of accounts belonging to friends of the president. Zuma’s order on Monday that Gordhan return “immediately” from a roadshow for investors in Britain and the United States has revived talk of a cabinet reshuffle […]
