The $16tn US retirement savings industry faces renewed uncertainty after the Trump administration said it would review a “fiduciary rule” that forces retail brokers to put their clients’ interests first. The decision prompted dismay from backers of the rule, including Jack Bogle, the founder of Vanguard, who criticised the administration for having Gary Cohn, the former Goldman Sachs president, front the rollout of the new policy. It […]
A Saudi soldier has died from injuries sustained in a landmine explosion on Thursday while on duty, according to the Saudi Press Agency. Corporal Younes Mohammed Ali Abu Rasain, a border guard operating in the Jazan region on the Saudi-Yemen border, was declared dead on arrival at hospital, said a spokesman at Saudi’s Ministry of Interior. Saudi Arabia and its Gulf Arab allies have carried out thousands […]
There is a wide range of commercial applications for AR in both consumer and enterprise use. Josh Miller Augmented reality (AR) and virtual reality (VR) are becoming integral components of modern smartphones, and experts say mobile devices will help drive demand for these technologies. special feature VR and AR: The Business Reality Virtual Reality and Augmented Reality are going to be useful for far more than just […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, but wages barely rose, handing the Trump administration both a head start and a challenge as it seeks to boost the economy. Nonfarm payrolls increased by 227,000 jobs, the largest gain in four months, the Labor Department said on Friday. The unemployment rate, however, […]
A Foreign Ministry spokesman, Bahram Qassemi, said on Thursday, “It is a shame that the U.S. government, instead of thanking the Iranian nation for their continued fight against terrorism, keeps repeating unfounded claims and adopts unwise policies that are effectively helping terrorist groups.” Continue reading the main story Mr. Flynn also made clear that the challenge to Iran extended beyond the missile test, holding Tehran responsible for […]
Strong winds reaching up to 80km per hour across the UAE forced major sporting events in Dubai to be postponed on Friday. The second round of the Dubai Desert Classic golf tournament was cut short with South African George Coetzee leading by one shot as winds made play impossible. The windy conditions added to a difficult day for tournament organisers following the withdrawal of former world number […]
By William Shaw Law360, London (January 30, 2017, 8:30 PM GMT) — A major European Parliament committee will next month investigate the role played by lawyers, accountants and bankers in the tax evasion networks revealed in last year’s Panama Papers leaks, the European Union legislative body said Monday. The Committee of Inquiry into Money Laundering, Tax Avoidance and Tax Evasion will take testimony from investigative journalists and […]
If you’re among the 100-million-plus people who plan to watch the Super Bowl this Sunday, you’ll also see ads that go for about $10 million per minute, created to convince viewers buy everything from soft drinks to computer chips. Per usual, a large portion of these spots will plug the latest cars and trucks. Ford, for example, has an almost two-minute spot that will air […]
Submitted by Mike Maharrey via The Tenth Amendment Center, A bill introduced in the Utah legislature would build on the state’s Legal Tender Act, creating a foundation for further action to encourage the use of gold and silver as money, and take another step toward breaking the Federal Reserve’s monopoly on money. Rep. Ken Ivory (R-West Jordan) introduced House Bill 224 (HB224) on Jan. 27. The legislation would add […]
By Yeganeh Torbati | WASHINGTON WASHINGTON The United States on Friday ratcheted up pressure on Iran, putting sanctions on 13 individuals and 12 entities days after the White House put Tehran “on notice” over a ballistic missile test. The move against Iran is the first by the U.S. government since President Donald Trump took office on Jan. 20 after vowing during his 2016 campaign to get tough […]
Planning and engineering firm SSH has been awarded the contract to design Eagle’s Hills new Marassi Boulevard scheme in Bahrain, it said on Thursday. Eagle Hills is a division of Mohamed Alabbar’s Emaar Properties. Its proposed Marassi Boulevard comprises four low-rise residential buildings ranging from seven to ten floors. The scheme includes more than 240 homes in total, from studios to three-bedroom apartments, and 700 square metres […]
Amazon.com Inc’s (AMZN.O) shares fell as much as 4.2 percent on Friday after the company missed Wall Street targets for its closely watched cloud computing business. Shares fell to $804 in early trading, a day after the company reported lower-than-expected fourth-quarter revenue and said it would continue to spend heavily this year, as it looks to take control of its delivery chain and expand its video service […]
By Parisa Hafezi | ANKARA ANKARA Many Iranians who dreamt of quiet, comfortable lives after a nuclear deal with world powers in 2015 are starting to worry for the first time in decades they might be bombed in their own homes. Since taking office last month, U.S. President Donald Trump has pledged to get tough with Iran, warning the Islamic Republic after its ballistic missile test on […]
A construction site crane collapsed on Dubai’s main highway on Friday, with initial reports of at least one person injured in the incident. According to a tweet by Dubai Media Office, three cars were damaged by fire, with one person taken to hospital for treatment. No reason was given for the crane collapse but Dubai was being hit by strong winds on Friday. The tweet said civil […]
Love to make plans for when your business goes huge or you hit the elusive jackpot? Discover the best places for the super rich to live, as well as where life is best for the “little people.” Via Lottoland. Like infographics? So do we. Posted by Kate Rinsema Via ASDA Alltop
European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]
By Emily Stephenson and David Shepardson | WASHINGTON WASHINGTON President Donald Trump will huddle with chief executives of major U.S. companies on Friday as the business community finds itself increasingly split over how to respond to his policies. Uber CEO Travis Kalanick on Thursday quit the business leaders’ group, a panel selected by Trump in December, under pressure from activists over Trump’s week-old executive order halting travel […]
The vital survival skills taught to young British merchant marine cadets during the Second World War through the Outward Bound educational initiative might seem redundant in the safe harbour of the UAE, but its newest international chapter is already delivering unique, life-changing experiences to young people from across the Emirates. Outward Bound UAE was set up in December 2016 to provide Emirati and expatriate youth with practical […]
SEOUL Besides being the deputy ambassador, North Korea’s number two diplomat in London was the man appointed to spy on embassy colleagues and report signs of disloyalty to the feared secret police. But last August, it was Thae Yong Ho himself who defected. He said in an interview in Seoul that one of his jobs was to report to the “bowibu”, North Korea’s Stasi-like State Security Department, […]
Middle East-based airlines posted the strongest annual traffic growth in the world for the fifth year in a row last year, according to the International Air Transport Association (IATA). IATA said in a statement that demand, measured in revenue passenger kilometres (RPKs), rose by 11.8 percent, consolidating the region’s position as the third-largest market for international passengers. It added that capacity growth (13.7 percent) continued to outstrip […]
Samsung Electronics is discussing a battery supply deal with Japan’s Murata Manufacturing for batteries for its upcoming Galaxy S8, Nikkei reports. According to the report, Murata last July announced that it will acquire Sony’s battery operations, with the deal to be completed in April. Samsung was reportedly impressed with the performance and reliability of Sony’s lithium-ion batteries. The South Korean tech giant last month announced the findings […]
The New York Times is landing on Snapchat, and the Gray Lady thinks its journalism will fit right in on the millennial-dominated social network. “We’re not boring when it comes to visual storytelling,” said Assistant Editor Steve Duenes. “…We have a lot to draw from all forms of digital storytelling.” Expect The New York Times’ upcoming Snapchat Discover channel to be a showcase for visuals from the […]
By Keith Wallis and Osamu Tsukimori | SINGAPORE/TOKYO SINGAPORE/TOKYO Oil prices edged up on Friday on news that U.S. President Donald Trump could be set to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two nations. Comments by Russian energy minister Alexander Novak that oil producers had cut their output in accordance with a pact agreed in December also helped support prices, analysts […]
There are many email clients for mobile platforms, and one of the most recognized ones, Outlook, is about to gain a major functionality. Microsoft likely knows that email clients can’t always be packed with all the features users look for at any given time, so it’s leaving that up to third-party developers. Microsoft will now allow others to code extensions, or as it likes to call it, […]
