By Naveen Thukral | SINGAPORE SINGAPORE Oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market. U.S. energy companies last week added the most rigs drilling for new production in almost four years. Drillers added 29 rigs in the week to Jan. 20, bringing the total count up to 551, the most since November […]
January 23, 2017 by: Michael Peel in Manila Business from the US has driven a long boom in the Philippines’ flagship outsourcing industry, but potential political threats to ambitious growth plans now loom in both countries. Global companies are scrambling to work out whether tough talk from Rodrigo Duterte and Donald Trump, the Philippine and US presidents, will mean trouble if they run operations in the Philippines. […]
A research team has developed food ingredients from mealworms and crickets which, due to their promising structure and flavor, have the potential to be used in the manufacture of foods such as meatballs and falafel. EU legislation will change in the coming years, and the farming of insects and their processing for consumption will become a business activity also in Europe, they say. Source
Yahoo will be probed by the United States Securities and Exchange Commission (SEC), it has been reported, with authorities expected to investigate whether the company should have disclosed its two data breaches sooner to investors. According to The Wall Street Journal, the SEC investigation is still in its early stages, and is expected to look into whether Yahoo’s disclosures about the data breaches complied with civil securities […]
Abu Dhabi’s government merged two of its top investment funds on Saturday to strengthen their financial clout in an era of low oil prices, creating a company with assets totalling about $125 billion. The new fund, Mubadala Investment Co, was formed by merging Mubadala Development Co and International Petroleum Investment Co, which own corporate stakes in the energy industry and other sectors across the world. The new […]
H.E Bin Shafar: “Empower boosted cooperation with many international energy companies at the summit” Abu Dhabi, UAE, 22 January 2017 Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling service provider, successfully concluded its participation in the 10th World Future Energy Summit (WFES), as part of Abu Dhabi Sustainability Week 2017, which was held from 16th to 19th January at the Abu Dhabi National Exhibition Centre Empower team […]
By Tetsushi Kajimoto | TOKYO TOKYO Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll showed, a development they worry could spark an unwelcome political backlash. The Reuters Corporate Survey, conducted Jan. 4-17, also found that Japanese firms want Abe to push Trump hard on trade issues, while nearly a third […]
Tamer Nahas, founder and CEO of BOLDtalks, a Dubai-based boutique event consultancy and curator of high-impact events focused on global thought leadership, explains that believing in one’s initial vision and its relentless perusal is essential for the survival of a business in its infancy. Often referred to as the region’s most thought-provoking event, the BOLDtalks concept hosts renowned opinion leaders and achievers to discuss very diverse, but […]
While President Trump chose not to attend the elite extravaganza in Davos last week, choosing instead to lambast the great-est and good-est of the world’s executives in their crony capitalist safe space, the cognitively dissonant CEOs reassured each other by saying ‘ignore the tweets’, confident that “if [Trump] knows the facts, he’ll respond according to the facts.” It depends whose ‘facts’ those are, of course. As Bloomberg […]
BERLIN Germany must brace itself for turbulent times under U.S. President Donald Trump, Foreign Minister Frank-Walter Steinmeier said on Sunday, adding that free trade and trans-Atlantic cooperation to fight extremism and terrorism were key for Berlin. Steinmeier, who in August said Trump was a “Hassprediger” or “hate preacher”, wrote in the mass-circulation Bild newspaper that some members of the new U.S. administration understand the importance of allies […]
‘Remote working’ and ‘working from home’ is becoming more and more common with workforces. Businesses of the future must adapt in order to cope with the increasing complexities with our work life blend. The 9-5 work day, long considered the norm, is becoming further detached from workers’ personal commitments, and daily life. Working schedules have got to adapt around this change in the way workers manage their […]
Briton Tyrrell Hatton hit a second successive four-under-par 68 on Saturday to take a one-shot lead after three rounds of a fiercely contested Abu Dhabi HSBC Championship. Just three shots separate the leading 16 players as they head into the final round. Hatton, who has finished in the top 10 seven times in his last 11 events, recorded five birdies for the third round in succession and […]
MANILA Philippine President Rodrigo Duterte has stood by his police chief after calls for him to resign over the alleged killing of a South Korean businessman by police officers at the national police headquarters. Ronald Dela Rosa, a top figure in Duterte’s deadly war on drugs, has the president’s full support, the president’s top aide, Christopher Go, told Reuters on Sunday. A number of lawmakers, including Duterte’s […]
The not-so-user friendly console of an IBM 7094. By ArnoldReinhold (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons First off, I highly recommend the movie. Great story, fine acting – Big Bang’s Sheldon as you’ve never seen him before – and a fascinating dollop of computer history. The 7090 was one of IBM’s first transistor-based computers, and was intended for just the scientific computing that NASA […]
By Warren Strobel and Matt Spetalnick | WASHINGTON WASHINGTON The White House said on Sunday that it is only in the early stages of talks to fulfill President Donald Trump’s pledge to move the U.S. embassy in Israel from Tel Aviv to Jerusalem, an action that would likely spark anger in the Arab world. “We are at the very beginning stages of even discussing this subject,” White […]
Dubai developer Deyaar has signed a memorandum of understanding with Dubai South to build a new multi-purpose development in the master-planned city around the new Al Maktoum International airport. The new development in Dubai South, which will be on an area of 1.27 million sq feet in the Residential District, features residential units, shops, retail outlets and hospitality facilities. The development will be owned 50 percent by […]
By Carmel Crimmins and Pamela Barbaglia | DAVOS, Switzerland DAVOS, Switzerland U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump. But many Europeans still need convincing. At the annual gathering of the world’s political and business elites in the Swiss resort of Davos, U.S. financiers told investors and overseas’ rivals […]
Once known as the “ships of the desert”, camels are a feature of Rolls-Royce’s new special edition, which has just arrived in the UAE. Abu Dhabi Motors has taken delivery of the Rolls-Royce Ghost Oasis Edition, a special commission developed by the marque’s Bespoke department to be presented to the brand’s patrons in the Middle East only. The two-tone exterior in Aurum and Desert Dune Metallic carries […]
Droneboarders stand on snowboards and grip tow ropes, like those used in water-skiing, and are pulled along by a drone at speeds of up to 60 kph Skirted on all sides by snow-clad pine forests, Latvia’s remote Lake Ninieris would be the perfect picture of winter tranquility—were it not for the huge drone buzzing like a swarm of angry bees as it zooms above the solid ice […]
Premier League high-flyers Manchester City paid a record 175,000 pounds ($215,000) to sign 13-year-old defender Finley Burns from third-tier Southend United last week, the Times reported on Friday. The newspaper said the overall cost of the transfer could rise to more than 250,000 pounds if Burns goes on to sign professional terms at the Abu Dhabi-owned club. No fee or details about subsequent payments were given by […]
TAIPEI Foxconn, the world’s largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans, which would be carried out with its unit Sharp Corp (6753.T), still depend on many factors such as investment conditions that would have to be negotiated at the […]
In Bollywood circles, Hrithik Roshan’s new movie, Kaabil, has been described as a “comeback”. The 43-year-old heart-throb is one of the most recognisable stars in Hindi cinema, but following 2014’s widely panned action comedy Bang Bang!, and the financial flop of last year’s Mohenjo Daro, the consensus is that the star of superhero franchise Krrish needs a critical and commercial success to get his career back on […]
The world’s largest pension fund, Japan’s GPIF, is under intensifying pressure to draw a “line in the sand” on corporate governance standards in the country as other investors rail against a controversial takeover deal. The imbroglio centres around Panasonic’s proposed purchase of PanaHome. Investors say it represents one of the sternest tests to date of Japan’s stewardship and governance codes, guidelines introduced in 2014 as part of the “Abenomics” drive to […]
MANILA Philippine President Rodrigo Duterte is sending a cabinet-level delegation to Beijing this week to meet with China’s Vice Premier Wang Yang and other top Chinese officials to discuss investment deals and his country’s chairmanship of the Association of South East Asian Nations (ASEAN) this year. The January 23-24 trip by Philippine officials includes Duterte’s finance, budget, economic, public works and transport secretaries, according to a […]
