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 […]
Last week we noted that Mexico’s Economy Minister, Ildefonso Guajardo, was somewhat less than completely supportive of Trump’s impenetrable, yet “aesthetically pleasing”, 30-foot border wall and issued a stark warning to Mexican companies that it would not be in their best “interests” to participate in the project even though there would be no explicit legal restrictions or sanctions to stop them if they tried. Per Reuters: “We’re […]
By Noel Randewich and Rishika Sadam Shares of Snap Inc jumped nearly 5 percent on Monday after several of the Snapchat owner’s IPO underwriters handed it badly needed “buy” ratings. Snap’s listing on March 1 was the largest by a technology firm in three years but trading has been volatile, with many investors critical of decelerating user growth. Snap has warned it may never become profitable. Analysts […]
Colombia-based airline Avianca filed a counter lawsuit in New York on Monday in the latest round of a no-holds-barred legal battle between two Latin American tycoons over the strategic control of one of the region’s biggest carriers and its mooted alliance with United Airlines. Avianca and Gérman Efromovich, the carrier’s biggest shareholder, accused Kingsland Holdings, its second-biggest shareholder, of leaking boardroom secrets in an attempt to obstruct […]
Vocus Communications has announced selling its 16 percent stake in Macquarie Telecom, offloading 3,358,511 MAQ shares at a price of AU$12.20 per share for a total of around AU$41 million. Vocus sold 100 percent of its interest in Macquarie Telecom to both institutional and retail shareholders via a block trade, it announced to the Australian Securities Exchange on Tuesday morning. According to Macquarie Telecom, the sale of […]
MANILA, Philippines — The European Union on Monday summoned a Philippine envoy to explain an expletive-laden tirade by President Rodrigo Duterte, who threatened to hang EU officials for opposing his efforts to re-impose the death penalty. The EU’s external action service, the equivalent of a foreign office, said it hauled Charge d’Affaires Alan Deniega in to its Brussels headquarters to provide “an explanation for the recent, unacceptable comments […]
In pictures: Silent tribute to London attack victims Children are seen with floral tributes to the victims of the March 22nd terror attack on the railings of the Houses of Parliament in central London. British police investigating the terror attack on parliament made a new arrest on March 26th as authorities try to piece together the assailant’s motive. (DANIEL LEAL-OLIVAS/AFP/Getty Images) Source link
By Ayesha Rascoe | WASHINGTON WASHINGTON Following the failure of a healthcare bill backed by President Donald Trump, his administration plans to take a lead role in crafting major legislation to cut taxes with an eye toward meeting an August target date, the White House said on Monday. Trump’s pledge to cut taxes, including a lowering of the rates paid by corporations, was a pillar of his […]
Workers who participated in a recent survey do not think that their employers offer the right collaboration tools for effective working with remote team members to solve complex business problems. Oblong Industries Over a third of respondents said they were ‘neutral’ about the collaboration at their organisation. Los Angeles based Oblong Industries company conducted live, one-on-one interviews with industry respondents. The survey was executed via iPads through […]
In pictures: MotoGP Grand Prix of Qatar 2017 Source link
The Philadelphia Inquirer, the Philadelphia Daily News and Philly.com have a new editor, the latest step in an ongoing reorganization of their parent company. Gabriel Escobar will be editor and vice president of Philadelphia Media Network, a new job that puts him in charge of news for the Inquirer, Daily News and Philly.com, the company announced Monday. Escobar, who was previously managing editor for news at the […]
“Moving Forward in Perpetual Motion” – Rezidor’s all digital Annual Report is out now BRUSSELS, Belgium, March 27, 2017 The Rezidor Hotel Group (www.Rezidor.com ), one of the world’s most dynamic hotels has published its Annual Report 2016. Themed “Moving Forward in Perpetual Motion,” this year’s annual report is fully digital (https://AnnualReport2016.Rezidor.com ). The Annual Report also contains the Corporate Presentation and the Responsible Business report 2016. […]
By Mfuneko Toyana and Sujata Rao | JOHANNESBURG/LONDON JOHANNESBURG/LONDON South African President Jacob Zuma asked Finance Minister Pravin Gordhan on Monday to return home “immediately” from an investor roadshow abroad, reviving talk of a cabinet reshuffle and unnerving investors who see Gordhan as an emblem of stability. The rand fell more than 3 percent against the dollar, its biggest one day fall since Nov. 10, South African […]
A video-based social network with categories ranging from motor sports to singing has been launched in Dubai to encourage users to “rate, create and participate” in video content. HighlyRated.com was created by entrepreneurs Acer Jamal and Stefan Cudby following the rapid rise in demand for online video content. According to the co-founders, the idea came about when the duo found their friends posting videos on other social […]
By Yashaswini Swamynathan U.S. stocks were well off session lows on Monday as investors sought bargains after a rough start on Wall Street following the defeat of President Donald Trump’s first major legislative action. Republicans were forced to pull a healthcare bill on Friday after failing to gather the votes needed in Congress to repeal and replace the Affordable Care Act also called Obamacare. The bill’s failure […]
Wells Fargo revealed Monday that it will soon allow customers to initiate ATM transactions using NFC-based mobile wallets such as Apple Pay. The news comes as part of another announcement that Wells Fargo has activated card-free transactions on its fleet of 13,000 ATMs across the US. Starting Monday, customers can use the Wells Fargo mobile app to generate a one-time use code that can be entered into […]
Kuwait is seeking to follow its Gulf neighbours in its bid to gain emerging-market status. The nation’s Capital Markets Authority plans to extend its settlement cycle for stock trades by the end of April to three days from two for foreigners and zero for local traders, Vice-Chairman Mishaal Al-Usaimi said at a conference in Kuwait City. The regulators are also planning to introduce short-selling and derivative products […]
President Trump is reportedly creating a new position for his son-in-law and senior adviser Jared Kushner. The newly formed White House Office of American Innovation will leverage business ideas and potentially privatize some government functions, according to Reuters, as Kushner says: “The government should be run like a great American company. Our hope is that we can achieve successes and efficiencies for our customers, who are the […]
By John O’Donnell | FRANKFURT FRANKFURT London has seen its standing as a financial center slip as Britain prepares to trigger its departure from the European Union, according to a survey released on Monday, although rival European cities still lag far behind. The Z/Yen global financial centers index (GFCI), which ranks 88 financial centers, still puts London in first place, followed by New York and three cities […]
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. So when President Trump raised the white flag on Obamacare Friday, did he pick up the phone and gave the exclusive to Breitbart, The Daily Caller or LifeZette? Nope. He called reporters at The Washington Post and The New York […]
For this week’s column, I asked one of my staff, Carolina Milanesi, to weigh in on the movie Hidden Figures and how it points to the future of AI. She also brings a woman’s perspective to a subject I feel is important to the story and the AI Connection. This essay first ran on our blog. – Tim Bajarin This weekend, I finally watched Hidden […]
The US stock market’s shifting reaction to the inability of Donald Trump and the House of Representatives to repeal Obamacare belies the much bigger question the failure raises for Wall Street: can this administration steer corporate tax cuts through Congress? This matters because the expectation that American companies will enjoy smaller tax bills has helped fan a 10 per cent gain for the S&P 500 since the […]
The global aviation map is about to shift in a way we’ve not seen in three decades. Source link
LONDON A stronger-than-anticipated economic recovery, the return of inflation and the region’s financial sector in a “sweet spot” has spurred Morgan Stanley to lift its earnings forecasts and targets for European benchmark indexes. The U.S. bank now sees earnings per share growth for 2017 coming in at 16 percent for the MSCI Europe with the index rising as much as 8 percent over the next 12 months. […]
