John Podesta, the chairman of Hillary Clinton’s 2016 presidential campaign, will be a contributing columnist at The Washington Post, the newspaper announced today. “No one knows more about how Washington works, how the White House operates, and how policy ideas are translated into reality than John Podesta,” said Editorial Page Editor Fred Hiatt. “His long experience in Congress, inside two Democratic White Houses and on the front […]
The fundraising gulf over the DGA can be attributed in part to RGA support from a number of high-profile billionaires and millionaires, including hedge fund bosses Paul Singer and Kenneth Griffin, and shipping supply company owner Richard Uihlein. The largest donor to the RGA in 2016, casino magnate Sheldon Adelson and his wife, Miriam, donated more than the top six donors to the DGA combined. Many longtime […]
IDEX 2017 ends on a high-note with a total of 90 deals valued at more than AED 19.177 billion Abu Dhabi-UAE: 23 February, 2017 At a press conference on the fifth and last day of the 13th edition of the International Defence Exhibition and Conference (IDEX 2017), Naval Staff Colonel Fahed Nasser Al Thehli, Official Spokesperson of the fourth edition of the Naval Defence Exhibition (NAVDEX 2017), […]
By Yashaswini Swamynathan U.S. stock index futures were little changed on Thursday as investors digested the minutes of the Federal Reserve’s most recent meeting, which pointed to an interest rate hike “fairly soon”. Still, policymakers did not appear to show a sense of urgency in raising rates as inflation remained below the long-term target of 2 percent, effectively taking a rate hike in March off the table. […]
Frank Sorrentino used to do a lot of mortgages. But since the passage of the Dodd-Frank Act seven years ago, he has mostly shied away. Rules have been tightened so far as to make home loans uneconomic, says the chairman and chief executive of ConnectOne, a bank with $3.7bn in assets based in Englewood Cliffs, New Jersey. “Community banks used to be able to cut through the […]
Three Egyptian real estate executives said on Thursday that their companies have suspended housing deals with the Saudi Arabian government amid political tensions between the two countries. Four Egyptian real estate companies had signed memorandums of understanding with the Saudi Housing Ministry during King Salman’s April visit to Cairo last year. Since then, political differences have emerged as the two Arab powers have diverged on the conflict […]
By Praveen Menon | KUALA LUMPUR KUALA LUMPUR Malaysia is considering expelling North Korea’s envoy to the Southeast Asian nation or shutting its embassy in Pyongyang, as tensions escalate over the killing of the estranged half-brother of the North’s leader Kim Jong Un, a senior government official said. Kim Jong Nam, 46, was killed at Kuala Lumpur International Airport on Feb. 13 with what police believe was […]
Vodafone Australia has reported a net loss of AU$241.8 million for the first half of FY17 on total revenue of AU$3.35 billion, an 8.4 percent year-on-year decrease. Earnings before interest, tax, depreciation, and amortisation (EBITDA) were AU$912.2 million, a 12.2 percent increase from the AU$812.8 million reported for the first half of FY16. Net average revenue per user (ARPU) was AU$37.97, a loss of AU$7.71 from last […]
Emirates is set to launch a series of new cabin products and enhancements in 2017 for both its A380 and Boeing 777 fleet. The multi-million dollar cabin interiors upgrade programme includes an enhanced Onboard Lounge for its flagship Airbus A380 aircraft, the Dubai-based airline said in a statement. It said the A380 Lounge upgrade has been inspired by private yacht cabins, with seating space increased. Sir Tim […]
America’s Midwest farmers can’t seem to catch a break. First, an epic collapse of grain prices over the last couple of years have threatened to wipe out family farmers (see “Midwest Farm Bubble Continues Collapse As Farm Incomes Expected To Crash In 2017“) and now, thanks to the pending NAFTA showdown threatened by President Trump, Mexico, the single largest importer of U.S.-grown corn, has announced plans to […]
PARIS PSA Group’s (PEUP.PA) proposed acquisition of Opel would swiftly create savings and value from the General Motors (GM.N) European division’s turnaround and complementary brands, the French carmaker’s Chief Executive Carlos Tavares said on Thursday. Adding GM’s German Opel British Vauxhall brand would bring new customers reluctant to buy French cars, Tavares told analysts and reporters, while generating savings from shared technical underpinnings. “There is significant complementarity […]
Axa chief executive Thomas Buberl has distanced himself from a bid for Generali’s German life insurance business. There has been speculation that the French group could play a part in any break-up process that would follow the possible acquisition of Generali by Italian bank Intesa Sanpaolo. However, speaking to the Financial Times on Thursday, Mr Buberl said that “buying a traditional life insurance business in Germany would […]
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. A few months ago Vice founder Shane Smith fronted a superior Vice-HBO documentary, “A House Divided,” that detailed the issues, tactics and rancor that dominated Barack Obama’s relations with a Republican-dominated Congress. Now he sees “a perfect storm” that involves […]
SK Hynix will consider making a fresh bid for Toshiba’s NAND flash memory business if the latter puts more on the table, the CEO of the Korean chip giant has said. SK Hynix CEO and vice chairman Park Sung-wook told reporters on the sidelines of a semiconductor conference in Seoul that if Toshiba puts forward a specific offer and schedule it will consider taking them. Park declined […]
A light plane has crashed into the roof of a shopping mall in the Australian city of Melbourne, killing all five people on board. Source link
By Naomi Tajitsu and Chang-Ran Kim | TOKYO TOKYO Nissan Motor Co (7201.T) said Carlos Ghosn will step aside as CEO after leading the firm for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with Renault SA (RENA.PA) and newly added Mitsubishi Motors Corp (7211.T). In handing over the helm to Hiroto Saikawa, a company veteran of 40 years, Ghosn ends […]
The documents’ detailed account of Mr. Awlaki, who stars in Mr. Abdulmutallab’s story as both a religious hero and a practical adviser on carrying out mayhem, is particularly important. The government allegation that Mr. Awlaki was behind the underwear bomb plot — never tested in a court of law — became the central justification that President Barack Obama cited for ordering the cleric’s killing in a drone […]
Qantas has announced it successfully tested its on-board Wi-Fi system and expects to operate its first commercial service with free Wi-Fi in the next few weeks. Qantas chief executive Alan Joyce told shareholders on Thursday that the airline’s Wi-Fi offering will ultimately be rolled out to around 80 domestic aircraft, and later to Qantas’ international and regional fleets, noting that on-board Wi-Fi is the first item on […]
Abu Dhabi-UAE: 22 February, 2017 At a press conference on day four of the 13th edition of the International Defence Exhibition and Conference (IDEX 2017), His Excellency Staff Brigadier-General Rashid Mohammed Al Shamsi, Official Spokesperson of IDEX 2017, announced 20 new deals worth AED 3,422,120,575. 13 of the deals are with national companies and the remaining 7 with international companies. The press conference, held at Abu Dhabi […]
In pictures: Sheikh Mohammed bin Rashid tours marine exhibition area at NAVDEX Source link
By Brenda Goh | DANDONG, China DANDONG, China As Beijing tightens its grip on trade with North Korea, the economies of Chinese towns along the 1,400-km border the two countries share are floundering. On Saturday, China said it would ban all coal imports from North Korea, the latest move to enforce United Nations sanctions aimed at depriving Pyongyang of hard currency for its nuclear weapons and ballistic […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks pulled back from a 19-month high on Thursday, while the dollar tried to steady from losses suffered in the wake of the U.S. Federal Reserve minutes indicating a cautious approach to more interest rate increases. MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally lower. Japan’s Nikkei slid 0.1 percent, while Australian shares retreated 0.3 percent. Overnight on […]
Tesla is likely to turn to Wall Street for another big cash infusion as it gears up to launch its first mass-market electric vehicle later this year, chief executive Elon Musk indicated on Wednesday. His comments came as the US electric carmaker disclosed that chief financial officer Jason Wheeler would leave the company after little more than a year. Mr Musk said only that Mr Wheeler was […]
Goldman Sachs, the last bank on Wall Street to handle significant physical volumes of oil and gas, has pushed back against a planned crackdown on combining finance with commodities trading. The institution warned the Federal Reserve to carefully weigh the effects on markets and companies as it sought to levy steep capital charges against a bank’s holdings of bulk materials. In its letter to the Fed dated […]
