By Sam Forgione | NEW YORK NEW YORK Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc (BRKa.N), told CNBC on Monday that his conglomerate had purchased about 120 million shares of Apple Inc. (AAPL.O) in 2017 and that U.S. stocks were not in “bubble territory.” “Apple strikes me as having quite a sticky product,” Buffett said. He said Berkshire’s Apple stake, at 133 million shares, […]
The UAE is coming of age in the health and fitness arena and this is particularly evident in not only the types of gyms and fitness centres that are opening, but the range of classes on offer too. No longer are fitness fans limited to the below-par gym in their apartment tower or the international chain at their nearest mall. Here’s a roundup of luxurious, unique and […]
In recent weeks, Mauricio Macri, Argentina’s president, has faced a storm of criticism. After failing to condemn an official who offended many when he played down the gravity of Argentina’s military dictatorship, he is now accused of favouritism towards his father’s company in negotiations over the repayment of a $300m debt to the state after a botched privatisation of the post office in the 1990s. But however politically tone […]
On Tuesday evening, Donald Trump will head to Capitol Hill to deliver an address to both houses of Congress. Such speeches have provided the US president’s predecessors with the opportunity to convey three main messages: their assessment of the country’s overall situation, the domestic legislative programme they hope Congress will pass in coming months and the main areas of global focus — all this in the context […]
Alcatel’s new Plus 12, a Windows 10 two-in-one with 4G. Image: Alcatel Alcatel has unveiled a two-in-one Windows 10 device with 4G LTE built into its detachable keyboard. The device, aimed at business users, features a 12-inch HD display, a 5MP front camera and ‘loud’ dual speakers for videoconferencing, and is powered by a Intel Celeron N3350. The detachable 4G LTE keyboard can serve as a wi-fi […]
Huawei’s CEO Richard Yu presents the new phone Huawei’s P10 during a press conference on February 26, 2017 in Barcelona on the eve of the start of the Mobile World Congress China’s Huawei unveiled a new smartphone with a better camera on Sunday as it tries to fill the void left by Samsung’s withdrawal of its flagship device due to problems with the battery. Huawei’s P10 and […]
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. Anti-Trump fervor is especially rampant along the Acela Corridor, and now our most famous paper surfaces with a provocative — if belated — ad campaign at a time of marketing need. On Thursday, The New York Times announced a campaign […]
LONDON/FRANKFURT The London Stock Exchange (LSE.L) has all but ended a planned merger with Deutsche Boerse (DB1Gn.DE) to create Europe’s biggest stock exchange by ruling out meeting a European antitrust demand, saying it has strong prospects alone. In a bid to create a European trading powerhouse that would better compete against U.S. rivals making inroads on their home turf, the two exchanges struck a 29 billion euro […]
1 of 18 The 89th Academy Awards ceremony, presented by the Academy of Motion Picture Arts and Sciences (AMPAS), honoured the best films of 2016. (Getty Images) 2 of 18 Jeremy Kleiner, Adele Romanski and Barry Jenkins poses with the Oscar for Best Picture during the 89th Annual Academy Awards on February 26, 2017, in Hollywood, California. (FREDERIC J. BROWN/AFP/Getty Images) 3 of 18 Casey Affleck poses […]
Submitted by Alex Gorka via The Strategic Culture Foundation, The rifts within the EU continue to widen as Poland and Hungary join together in opposition to the EU bureaucracy. Soon after Poland’s ultra-conservative Law and Justice (PiS) party came to power in October 2015, the Polish parliament passed a law allowing the government to appoint the judges of its choosing to the highest court and not recognize […]
The Nokia 6 will be available globally this year. Image: Nokia/HMD Global The MWC trade show in Barcelona is the event where the smartphone industry shows off its latest innovations. This year, however, one of the biggest stories from the show has a distinctly retro feel: the launch of a new range of Nokia smartphones. At MWC on Sunday, HMD Global announced the launch of three […]
Apologies to Dickens, but this really might be the best and the worst of times for American journalism. As near-daily attacks on the press are launched from President Trump’s Twitter account and trust in the media sinks to record lows, readers are subscribing to national newspapers in droves and newsrooms across America are infused with a renewed sense of mission. “This is a moment where you’ve got […]
Bahrain’s Council of Representatives has approved an amendment to Bahrain’s Constitution that would enable military courts to try civilians, in violation of international fair trial standards, Human Rights Watch has said. The amendment goes next to the upper house of parliament and then to King Hamad bin Isa Al Khalifa for his final approval. Bahrain’s Constitution currently limits the jurisdiction of military courts to offences by security […]
By Eric Auchard | BARCELONA BARCELONA Nokia (NOKIA.HE) sees demand for higher speed 4G network equipment starting to recover this year, led by Japan, the company’s chief executive Rajeev Suri said on Sunday as he announced a series of contracts with telecom operators. Speaking at a news conference ahead of the Mobile World Congress in Barcelona, Suri also predicted a new wave of industry consolidation among telecom […]
Amazon Web Services is currently dominating the cloud services market that even Google and Microsoft have decided to branch out and build their own public cloud storage services for consumers. Even with two established tech companies treading into its territory, however, Amazon is not backing down and has, instead, launched productivity services that both Microsoft and Google have offered. AWS’s first strike happened in 2015 when it launched WorkMail, […]
Berkshire Hathaway’s eye-catching recent bets on Apple and US airline stocks are not likely to prove as enduring as the investments that it made on Coca-Cola or American Express more than two decades ago, according to readers of Warren Buffett’s annual letter to shareholders. Mr Buffett struck a new tone in his passages on Berkshire’s $122bn portfolio of public equities in this year’s letter, released over the […]
Etihad Rail, the developer and operator of the UAE’s multi-billion dollar national railway network, has announced it has transported 10 million tonnes of granulated sulphur for the Abu Dhabi National Oil Company (ADNOC) since launching stage 1 operations. Two trains move along the phase 1 network daily under the current timetable from Shah and Habshan to its point of export at Ruwais, each carrying up to 11,000 […]
By Trevor Hunnicutt and Jonathan Stempel | NEW YORK NEW YORK Billionaire Warren Buffett, whose stock picks over several decades have enriched generations of Berkshire Hathaway Inc (BRKa.N) shareholders, delivered a black eye to the investment industry on Saturday, urging ordinary investors to buy plain-vanilla index funds. “When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap […]
QInvest, the Qatar-based Islamic investment bank, has announced its exit from the St Edmund’s Terrace LP Fund which invested £50 million in a new luxury residential project in London. The fund, which was jointly owned by QInvest and a range of GCC institutional and retail investors, was created to allow investors to invest in London’s prime residential market. QInvest said in a statement that the fund generated […]
o Food consumption in the GCC to expand at a 4.2 per cent from 48.1 million MT in 2016 to 59.2 million MT in 2021 o Consumers spending Dh250 worth of Prestige cookware/kitchenware products is guaranteed of winning something back! 26 February 2017o Food import bill is expected to have crossed US29.17 billion in 2016 o UAE’s packaged food import bill reached US$4.3 billion in […]
BARCELONA, Spain Blackberry Ltd (BB.TO) may have exited the device business, but fans of the pioneering email machine need not despair as Chinese smartphone maker TCL Communication (TCCLF.PK) has introduced its first Blackberry-licensed phone with the physical keyboard that was long its key allure. The KEYone combines a touch display with a physical keyboard to give users more useable space for typing than a typical 5.5-inch all-touch […]
Saudi Aramco’s initial public offering (IPO) could encourage other Gulf countries to list their oil assets, a leading regional economist said, but the oil giant must clear uncertainties over taxation, OPEC policy and ownership of crude. Nasser Saidi, a former economy minister of Lebanon, told Dubai Eye Radio in an interview that Aramco has to address how the company will separate its assets and liabilities from those […]
The chairman of Dubai Holding, the investment vehicle of the emirate’s ruler and a major force in developing the Dubai economy, has resigned to focus on his role in the national government, the conglomerate said on Saturday. As head of Dubai Holding, Mohammed Abdullah al-Gergawi oversaw a $35 billion portfolio of assets in more than 20 countries, in industries ranging from tourism and real estate to media, […]
