|By Tim Plenderleith| Who ever said ‘happily ever after’ was just the stuff of fairytales? These days those words are written into the soles of Lionel Messi’s cleats. (Or at least, that’s the idea.) The “Sport Infinity” range by sports apparel company Adidas uses worn-out cleats and, by combining them with scrap materials from other industries, reimagines them into high quality new shoes. “The football boots […]
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Apple Inc (AAPL.O) reported a bigger-than-expected rise in iPhone sales for the holiday quarter but forecast current-quarter revenue below estimates as customers hold back on phone upgrades in anticipation of the launch of the 10th-anniversary iPhone. Apple sold 78.29 million iPhones in the first quarter ended Dec. 31, up from 74.78 million last year, marking the first quarterly growth in iPhone sales in a year. Analysts on […]
The words “Muslim-majority country” are permitted in the Wall Street Journal, Editor-in-Chief Gerry Baker told his staff Tuesday, hours after being quoted telling editors to remove the phrase. “There is no ban on the phrase ‘Muslim-majority country,’” Baker said. “But we should always be careful that this term is not offered as the only description of the countries covered under the ban.” Baker was responding to an […]
Apple returned to increasing revenue in the holiday quarter and said the growth rate could accelerate in the coming months, as iPhone sales rebounded strongly in North America, western Europe and Japan. However, despite forecasting revenues to grow as much as 6 per cent in the current quarter, its outlook fell just short of Wall Street’s estimates amid continuing sales declines in China and foreign currency headwinds. […]
Capital Group, one of the world’s biggest investment groups and a cornerstone backer of upstart stock exchange IEX, wants the incoming Trump administration to stymie high-frequency traders by overhauling one of the US equity market’s biggest but controversial regulatory planks. Matt Lyons, global head of trading at $1.4tn Capital Group, was a big supporter of the anti-HFT exchange made famous by Michael Lewis’s book Flash Boys, making […]
Emirates Integrated Telecommunications Co (EITC), the holding company for UAE phone service provider du, will launch Virgin Mobile as a new brand in the country, EITC’s chief executive Osman Sultan said on Tuesday. EITC will have full ownership, management and operation of the Virgin Mobile brand in the country, Sultan told a news conference, adding that services under the brand would start “within weeks” and focus on […]
Written by Anees Jillani | Published:February 1, 2017 12:31 am Pakistani Prime Minister Nawaz Sharif (File Photo) Since January 4, a five-member Bench headed by the second seniormost judge of the Supreme Court of Pakistan has been hearing for three hours every day petitions alleging corruption by Prime Minister Nawaz Sharif, filed by the chairman of the Pakistan Tehreek-e-Insaaf (PTI) Imran Khan, and the head of the […]
By Emile Picy and Chine Labbé | PARIS PARIS French police searched presidential candidate Francois Fillon’s office in parliament on Tuesday as an inquiry into alleged fake work by his wife threatened his campaign and party leaders began to consider a ‘Plan B’ without him. Fillon had been favourite to win the presidency for the conservative Republicans party until a week ago, when it was reported that […]
London, UK based SaaS platform GRABR has launched BLINK, a secure mobile content distribution platform for brands, broadcast media, music labels, event organisers, news outlets and public services. The software as a service (SaaS) platform, launched in 2016, allows brands to create their own social networks and build communities to engage directly with consumers. BLINK is a suite of marketing tools that enables brands to securely distribute […]
By Liana B. Baker and Jessica DiNapoli U.S. brand management company Iconix Brand Group Inc (ICON.O) is exploring a sale of its majority stake in Peanuts Worldwide LLC, which owns the rights to cartoon strip characters Snoopy and Charlie Brown, according to people familiar with the matter. The move sent shares of Iconix up more than 5 percent. It comes three months after U.S. insurance company MetLife […]
The UAE’s embassy in the US has reassured Emiratis planning to travel to the US that the new executive order on immigration does not apply to them. In a post on Instagram, Yousef Al Otaiba, UAE Ambassador to the US, said he has been in contact with the relevant authorities in the US and receives assurances that UAE citizens should feel safe to continue with any planned […]
Those dollar bulls blinkered by the so-called Trumpflation trade and wondering if a pullback is justified get a reminder this week of the other main force behind the long-dollar consensus. Federal Reserve chair Janet Yellen and her colleagues are staging their first meeting of the year. A Fed meeting, particularly one taking place at some point along the path of a rates cycle, would normally command considerable […]
The two main investment priorities of the Kuwait Investment Authority (KIA) this year are technology and infrastructure, the sovereign wealth fund’s chairman Anas al-Saleh told Reuters on Monday. Saleh, who is also finance minister, said the KIA’s technology portfolio was small but growing. At the same time, it is cautious about valuations, he added. The KIA is one of the world’s biggest sovereign funds with assets estimated […]
NEWLY appointed United States Ambassador to the Philippines Sung Y. Kim assured Filipinos that their visa applications will continue to be processed, amid concerns that Washington’s ban on nationals of seven Muslim nations may affect even the deployment of Philippine nationals. “I would like to emphasize that despite many rumors out there, we continue to welcome Filipino visa applicants,” Kim said at the general membership meeting of […]
Nick Thompson was on his way to the subway when he got an email from his boss, New Yorker Editor David Remnick. The subject line? “Morning piece.” It was 8:17 a.m. on Sept. 8, and Remnick had just watched libertarian presidential candidate Gary Johnson ask “what is Aleppo?” live on national television. “I wrote back and said, ‘great!’” said Thompson, the former digital editor at The New […]
31 January 2017 Abu Dhabi, UNITED ARAB EMIRATES – Etihad Airways is launching a third daily flight on the Abu Dhabi – Bengaluru route, effective 26 March 2017. The triple daily schedule will provide greater choice to local passengers travelling between the two cities, and improved connectivity to destinations across the GCC, North America and Europe via the airline’s Abu Dhabi hub. The capacity increase underscores the […]
By Ayesha Rascoe and Amanda Becker | WASHINGTON WASHINGTON President Donald Trump signed an order on Monday that will seek to dramatically reduce federal regulations, but the policy will not apply to most of the financial reform rules introduced by the Obama administration. Trump’s latest executive action will require that agencies cut two existing regulations for every new rule introduced and it will set an annual cap […]
Greg Kennedy There is not a lot of variation in the basic rules when dealing with zombies: they have an insatiable appetite for human flesh, and to kill them you have to destroy the brain. Yet it is a genre that affords endless possibilities for storytellers, which is perhaps why it has so eagerly been embraced in recent years – from The Walking Dead and iZombie to […]
ExxonMobil has become the second large oil company to report earnings well below analysts’ expectations, following Chevron on Friday. Exxon’s earnings per share were 41 cents for the fourth quarter of 2016, with net income of $1.68bn, 40 per cent lower than expected. The average of analysts’ forecasts was for earnings per share of 70 cents in the quarter. The lower than expected earnings came after a […]
Dubai-based Majid Al Futtaim on Tuesday reported a 9 percent increase in group revenues to $8.14 billion (AED29.9bn) in 2016 compared to $7.43bn (AED27.3bn) in 2015. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 8 percent, reaching $1.11bn (AED4.1bn), driven by additional hypermarkets, supermarkets and family entertainment centres. Alain Bejjani, Majid Al Futtaim Holding CEO, said the company will continue on its growth trajectory in […]
The Trump administration just fired the first shot in the US-European currency, and thus trade, wars when Trump’s top trade advisor Peter Navarro accused Germany of using a “grossly undervalued” euro to “exploit the US and its EU partners“, the FT reported noting the comments are “likely to trigger alarm in Europe’s largest economy.” News of the statement sent the EURUSD spiking in the moments after its […]
By Manuel Mogato and Martin Petty | MANILA MANILA Philippine President Rodrigo Duterte suggested on Tuesday he may seek military support after withdrawing the national police from his war on drugs and handing the job to a much smaller anti-narcotics agency. More than 7,600 people, mostly users and small-time dealers, have been killed since Duterte took office at the end of June, vowing to crack down on […]
Photo: Jack Schofield Microsoft was very prominent at last week’s 33rd annual BETT (British Education, Training and Technology) exhibition in London, as much for its hardware as for the ubiquitous Windows 10 operating system. Of course, for many visitors, robots and robotics will have left the most lasting impression, especially the ones who met Pepper. For the select few invited to private demos, however, Microsoft’s HoloLens trumped […]
