In July 2011 an unusual fascination had gripped some members of New York’s financial community. Walk into a Manhattan office expecting to discuss the US stock market with an investor who exclusively backed equity hedge funds, and they instead had Italian government debt on the brain. Selling short bonds of the eurozone’s third-largest economy had become so popular that non-debt specialists had started to notice, and rising […]
The Australian government’s National Broadband Network (NBN) company is linking up rural residents to satellite services even where towns have existing fixed-line communications infrastructure, according to the Northern Territory government, which has also criticised the installation delays, service dropouts, and usage caps on the service. “The Australian government’s current position is that areas outside the major cities and towns, including all remote communities in the Northern Territory, […]
Business John Collison is 26 and worth US$1.1 billion. Three days ago, John Collison became the world’s youngest self-made billionaire. He took the crown away from Even Spiegel, the founder of Snapchat John founded Stripe, a payments processing company that powers in-app purchases. In November, his company was valued at US$9.2 billion. John took up coding with his brother as a kid. He sold his first company […]
By Ron Bousso and Ernest Scheyder | LONDON/HOUSTON LONDON/HOUSTON Royal Dutch Shell Plc (RDSa.L) and Anadarko Petroleum Corp (APC.N) may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive. The divorce and re-parceling of acreage would let each company drill and develop new wells at its own pace […]
The federal government has tasked Innovation and Science Australia (ISA) with developing a plan that will put Australia in a position as a leading “innovation nation” by 2030. In its 2030 Strategic Plan Issues paper, the independent body charged with researching, planning, and advising the government on all science, research, and innovation matters highlighted six challenges it sees as central to shaping the strategy, with one placing […]
Monday 04:30 GMT Overview Dollar weakness weighed down Asia-Pacific equities while government bonds and gold gained as investors in the region sought havens in the wake of US President Donald Trump’s failure to repeal Obamacare. Hot topic The US dollar was lower against a variety of currencies in Asia as investors tempered expectations of pro-business reforms from the Trump administration after Republicans failed to unify around healthcare […]
26 March 2017 Dubai, UAE – Rotana, one of the leading hotel management companies in the Middle East, Africa, South Asia and Eastern Europe, today signed an agreement with RSG International, a UAE-based global conglomerate, with interests in the property development, automotive and industrial equipment sectors across the Middle East, North America and South Asia, for a new five star hotel and serviced apartment project in Dubai, […]
GCC expats are miles behind their counterparts in North America, Europe and Asia when it comes to retirement planning, a study by global financial firm Guardian Wealth Management has found. In fact, in the annual pensions survey conducted by GWM, it found that 64.21 percent of GCC expats have no pension at all. This is compared to 14.49 percent in North America, 43.85 percent in Europe and […]
Anodot team Image: Supplied Business intelligence comes down to the ability to identify and analyse issues based on a series of variables. While data analysts are adept at identifying issues they have been trained to look for, it is just as important to account for the so-called “unknown unknowns” — the issues that analysts don’t know about or wouldn’t think about investigating — before they escalate into […]
By Jessica Toonkel and Jennifer Ablan U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump. S&P 500 e-mini futures ESv1 were down over 0.65 percent, shortly after electronic trading resumed on Sunday evening. Volume of more than […]
California is taking matters into their own hands when they voted Friday to keep their stricter auto emission standards despite the Trump administration’s loose hold on the matter. Thanks to the state’s longstanding waiver under the Clean Air Act, California has made their boldest move yet in their resistance to Trump’s policies. ‘Assault On The American Auto Industry’ Just last week, the president vowed to loosen the regulations […]
Why Fort Lauderdale? At the centre of a south Florida coastal strip stretching from West Palm Beach to Miami, Fort Lauderdale is still, in many people’s minds, the quintessential Florida holiday destination, famous for its excellent beaches, which became synonymous with the image of thousands of partying college students on “spring break”. While its beaches are still fantastic – with clear water, soft sand and a well-planned […]
Transport A ban on large electronic items such as laptops and tablets on some international flights arriving in the US and UK from the Middle East and North Africa has drawn anger from some passengers. But in a bid to make light of the situation and get publicity, airlines affected are using humour and satire as a response on social media. (Source: Al Jazeera English YouTube channel) […]
The Australian government has signed a formal “Dialogue on Innovation” agreement with China that will see both countries exchange ideas between government representatives, business, and the research sector. Under the arrangement, both countries will contribute up to AU$6 million over three years to the next round of the Joint Research Centres, under the Australia-China Science and Research Fund (ACSRF), which supports strategic science, technology, and innovation collaboration […]
26 March 2017 Rebrand to emphasize unique integrated structure Open D Group reinforces position as a global expert in efficient retail and brand focussed solutions with a shopper approach Open D Group, Retail Access and Sparkle, the award winning retail and branding design agencies, have today announced their rebrand to ODG to implement a simpler, cleaner, agile and integrated organization to deliver its expertise in Intelligence, Branding, […]
Shares of Viacom Inc (VIAB.O) could rise 40 percent in the next year as the New York-based media company’s new CEO Bob Bakish focuses on its Paramount Pictures studio and a handful of its networks to turn the business around, according to Barron’s. Viacom, which is controlled by 93 year-old media mogul Sumner Redstone and his daughter Shari Redstone, has been enmeshed in turmoil, which resulted in […]
Politics & Economics Hosni Mubarak has been released from a military hospital after six years in detention. Mubarak was acquitted earlier in March of involvement in the deaths of hundreds of protesters in rallies that ended his 30-year rule. (Source: Al Jazeera English YouTube channel) Source link
This is one of the busiest weekends at the busiest international passenger airport in the world, with the added twist of an electronics ban for flights to the United States. Source link
SHANGHAI China Southern Airlines (600029.SS)(1055.HK)(ZNH.N) is negotiating a potential strategic tie-up with American Airlines (AAL.O) that could involve a share issue and other forms of business cooperation, it said on Sunday. A stock exchange filing from China’s largest carrier by passenger numbers said the proposed cooperation is subject to approval by shareholders and government authorities and no binding agreement has yet been made. The company’s U.S.-listed shares […]
Hours before the Republicans’ healthcare overhaul was defeated on Friday, the US Treasury secretary was sounding an upbeat note about another element of President Donald Trump’s agenda — tax reform. Healthcare is complicated, Steven Mnuchin declared at an event in a Washington art gallery. Tax reform, he said, is much more straightforward. That bold assertion will be tested sooner than expected, as Mr Trump has signalled he […]
More than 100 passengers witnessed the spectacular event in the first-ever chartered “Flight to the Lights” Source link
MyRepublic has said that retail service providers (RSPs) cannot offer gigabit-speed services on Australia’s National Broadband Network (NBN) for anything less than AU$300 thanks to the connectivity virtual circuit (CVC) charge. The comments came in response to NBN CEO Bill Morrow’s claims last month that consumers don’t need and wouldn’t use 1Gbps broadband, as evidenced by the fact that no RSPs have taken up NBN’s offer to […]
Last week, the Office for National Statistics released the inflation results for the British economy. Even though most analysts weren’t expecting any huge differences, the numbers (updated until February) paint a completely different picture. In February, the inflation rate increased rather sharply. On a month-on-month basis, the CPI increased by 0.7% (whereas January was a month with deflation). The current YoY inflation rate based on the CPI […]
By Vladimir Soldatkin and Rania El Gamal | KUWAIT KUWAIT A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. An earlier draft of the statement said the committee “reports high level of conformity and recommends six-month extension”. But the final statement […]
