Donald Trump has threatened to overturn two decades of US economic policy by questioning the strong value of the dollar, raising fears that his presidency could set off a new round of currency wars between the world’s major economies. On Monday the president-elect appeared to break from the longstanding “strong dollar” policy of successive administrations, declaring that the currency was too high and that this was preventing […]
Home» Top News » World Top News Tuesday, 17 January 2017 21:00 Posted by Imaduddin ISLAMABAD: Prime Minister Muhammad Nawaz Sharif had not sought immunity in Panama papers case, spokesperson to the Prime Minister Dr Musadiq Malik said here on Tuesday. Speaking at a press conference along with member of National Assembly PML-N Daniyal Aziz, he […]
Saudi Arabia will launch in coming weeks a renewable energy programme that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said on Monday. Falih, speaking at an energy industry event in Abu Dhabi, said Riyadh would in the next few weeks start the first round of bidding for projects under the programme, which would produce 10 […]
As the fitness wearables market continues to climb, Lumo Bodytech, a startup making wearables focused on things like running and posture, has decided to further business revenue by licensing its platform. Lumo, valued at $41 million according to Pitchbook, now plans to open up its proprietary tech stack — including software, algorithms, applications, and hardware — to third parties hoping to cash in on the wearables market. These […]
Oracle CEO Mark Hurd said the movement to cloud computing is driven by business realities as much — if not more — than technology. Speaking at his keynote at Oracle CloudWorld in New York, a regional tour designed to land cloud customers, Hurd said the global gross domestic product is growing at about a 2 percent clip. Half of the growth in the world is coming from […]
Wal-Mart Stores Inc (WMT.N) said it would create about 10,000 jobs in the United States this year, about the same as in previous years, as President-elect Donald Trump puts pressure on companies to hire more U.S. workers. Most of Wal-Mart’s new jobs will be in 59 new stores planned for the fiscal year beginning in February as well as in e-commerce services, the retailer said on Tuesday. […]
Ford has turned to jet fighters and racing cars as inspiration for the all-new digital dashboard that features in the latest incarnation of its GT supercar The “smart” digital display, which works in a way similar to those used in modern jet fighters and racing cars, shows data based on five special driving modes. “Driver focus and attention are key with such high performance,” said Jamal Hameedi, […]
A senior member of Donald Trump’s team insisted that the president-elect was committed to globalisation, open trade and Nato despite recent comments that unsettled America’s allies. Anthony Scaramucci, Mr Trump’s newly appointed public liaison official, told the World Economic Forum in Davos on Tuesday that the European and American elite had misunderstood Mr Trump and would change their views when he took office. In particular, he argued […]
Theresa May’s first big speech on Brexit since she became prime minister removed some of the political uncertainty that has dogged the pound. However, the messiness of the politics of Britain’s exit from the EU still tops the lost of reasons why sterling will remain under pressure. A list of the pound’s pros and cons quickly shows why it is languishing at levels last seen in the […]
Jordan has awarded Saudi Arabia’s ACWA Power a contract to develop a 61.3 megawatt peak (MWP) photovoltaic project, which will generate enough electricity for 12,000 households, the Saudi firm said on Monday. ACWA Power gave no value for the contract but said in a statement the 42 fils per kilowatt hour it submitted was the lowest for solar energy ever presented for a Jordan-based project. MWP is […]
Three years ago, The New York Times published its innovation report, an unsparing assessment of the newsroom’s many weaknesses. Nearly 100 pages long and full of words like “worrying,” “shrinking” and “upheaval,” the report described a New York Times that was in a digital standstill while competitors like BuzzFeed, Vox Media and The Washington Post were racing ahead. Today, The New York Times released the results of […]
In PwC’s 20th annual survey of CEOs worldwide, 38% (2016:35%) are very confident about their company’s growth prospects in the next 12 months while 29% (2016:27%) believe global economic growth will pick up in 2017 In PwC’s 20th annual survey of CEOs worldwide, 38% (2016:35%) are very confident about their company’s growth prospects in the next 12 months while 29% (2016:27%) believe global economic growth will pick […]
|By Arabian Post Staff| Dubai-based leading private-equity firm Abraaj is raising an investment fund this year that will have a global focus as the company seeks opportunities in defensive industries such as health care and education, chief executive Arif Naqvi said in an interview at Davos. The firm has “a group of investors who have been supportive of us all the way through the last few years,” […]
The company rolling out Australia’s National Broadband Network (NBN) has warned of possible civil works disruptions after announcing that it will begin extending fibre and cable broadband into major cities this year. Much of the disruption will occur as NBN needs to gain access to pits and existing infrastructure within high-density cities. “As the NBN network rolls out into cities, we will be met with new problems […]
Masdar, Abu Dhabi’s renewable energy company, has acquired a stake in Hywind Scotland, a 30-megawatt (MW) floating offshore pilot wind farm in the North Sea, it was announced on Tuesday. Through the transaction, Statoil and Masdar have agreed to share the development risk and Masdar will cover 25 percent of previous and future costs. Due to start commercial operation in late 2017, Hywind Scotland is the world’s […]
BOSTON JPMorgan Chase & Co Chief Executive Jamie Dimon has been no fan of Institutional Shareholder Services and once called investors “lazy” if they cast votes in corporate elections based on recommendations from the leading proxy adviser or its rival. But JPMorgan itself turns out to be a close follower of ISS, at least when it comes to proxy votes on pay, new data show. JPMorgan (JPM.N) […]
ABU DHABI // Permits are now being issued to food trucks operating outside the city, Abu Dhabi Integrated Transport Centre said on Tuesday. Locations where the vehicles are permitted include Al Raha Beach, Saadiyat Island, the E11 Abu Dhabi-Dubai road, Al Falah and Al Garm. Parking regulator Mawaqif has also issued permits to companies hosting recreational activities. “This step will contribute to diversifying the ways of offering […]
Computers have long helped us with our analytic tasks at work. But new technology options mean we can now work with them in more collaborative and intuitive ways. At one level, this is nothing new: computers have been making business decisions for a long time. For example, people used to decide how much airline seats should cost or whether a credit card transaction was fraudulent. Computers now […]
The richest 1% of Indians hold 58% of the country’s total wealth, according to Oxfam India. The stark inequality in India is worse than the global data put out by the organization, which show that the richest 1% have more than 50% of the total world wealth, Oxfam said. The anti-poverty advocacy group released a report, “An Economy for the 99%” this week to coincide with the […]
By Kylie MacLellan and William James | LONDON LONDON Britain will not seek a Brexit deal that leaves it “half in, half out” of the EU, Prime Minister Theresa May will say on Tuesday in a speech setting out her priorities for divorce talks which indicates she is prepared to leave the single market. Sterling, which has traded at the lowest levels against the U.S. dollar for […]
17 January 2017 Doha, Qatar – The Qatar Financial Centre Regulatory Authority (“QFC Regulatory Authority”) has been approved as a full signatory to the International Organisation of Securities Commissions (“IOSCO”) Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (“MMoU). The approval of the QFC Regulatory Authority as a signatory to the IOSCO MMoU comes after a rigorous screening process of the applicant’s […]
The Emirates Authority for Standardisation and Metrology (ESMA) has announced that it is working on new regulations to cover electric vehicles in the UAE. The UAE System for Electric Vehicles, the first of its kind regionally, will come into operation later in the first quarter of 2017 after approval by the UAE Cabinet, news agency WAM reported. Dr Rashid Ahmed Bin Fahad, Minister of State and chairman […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil dipped on Tuesday on lingering concerns over global fuel oversupply due to rising U.S. output and doubts that OPEC and other producers would adhere to commitments to cut output in an effort to balance markets and prop up prices. Brent crude futures, the international benchmark for oil prices, were at $55.55 per barrel at 0643 GMT, down 31 cents from […]
Facebook is throwing its weight behind French tech by choosing Paris to launch its first official start-up incubator, as the battle heats up among European capitals to lure the best tech companies following the Brexit vote. The social media giant announced on Tuesday it had become a founding partner in Station F, a €250m start-up campus in central Paris that is set to be the largest in […]
