News related to
business

KUCHING: Sarawak has never before seen a leader who made such a great impact on the state and its people like Chief Minister Tan Sri Adenan Satem who died yesterday just two weeks shy of his 73rd birthday. He had succumbed to a heart ailment that left him with having to use a pace-maker to stabilise his heartbeat after hardly three years in office and six months […]

Having publicly trashed the US economy’s performance during the presidential campaign, Donald Trump has become its most prominent cheerleader. The president-elect has in recent weeks claimed credit for surging consumer confidence, stellar equity prices and stronger end-of-year household spending, arguing there was “no hope” before he arrived on the scene. To Barack Obama’s supporters, claims from Mr Trump that the US was cloaked in economic gloom before […]

Adam Schefter of ESPN first reported that the Chargers would leave San Diego. The league’s stadium and finance committees met in New York on Wednesday but offered no new financial incentives to help the Chargers in their efforts to build a new stadium in San Diego. The Chargers did receive an extension of two days, to Jan. 17, on the deadline for them to decide whether to […]

Saudi Arabia, 12 Jan, 2017  One of Saudi’s leading travel agencies, Mosaid Travel and Tourism Services, has renewed its ten-year exclusive relationship with global travel technology provider, Sabre Corporation (NASDAQ: SABR), to support its vision to expand regionally, provide more personalised travel experiences and improve customer satisfaction. “The travel industry is fast-evolving with new trends and rapidly-changing traveller expectations,” said Nadir Kazalbash, General Manager, Mosaid Travel and […]

Saudi Arabia has introduced new measures to grant business visa for foreign investors within 24 hours. An official with Saudi Arabia’s foreign ministry confirmed to Arab News that the new mechanism for businesspeople and business delegations came into effect from January 1. The new rule will allow allowing foreign investors to obtain business visas electronically within a day. The official said the kingdom is also introducing a […]

CNN sought to distance its reporting on President-elect Donald Trump from an article published by BuzzFeed shortly after he blasted both news organizations during his first press conference since the election. Both BuzzFeed and CNN went public with reports on Tuesday that a British intelligence official had compiled memos indicating that Russian officials might have compromising information about Trump. But while CNN merely said President Obama and […]

TAIPEI Taiwan objected on Thursday to a Nigerian request to the island to relocate its representative office in the African country, a request Taiwan sees as more pressure by China to isolate it. Beijing regards Taiwan as a renegade province, ineligible for state-to-state relations, and to be taken back by force if necessary, especially if it makes moves toward independence. Taiwan has no diplomatic ties with Nigeria, […]

Advertisements

Pop superstar Elton John has postponed a concert in Dubai for the second time in two months, citing ill health. The singer-songwriter was originally due to play at Dubai’s Autism Rock Arena on December 15 but postponed to January 20 at the same venue. Now, the 69-year-old has been advised by doctors to schedule a medical procedure to treat his “condition” immediately, according to a statement. No […]

Foreclosure proceedings affected nearly a million U.S. homes and other real estate last year, down 14 percent from 2015 and down 70 percent from the worst of the housing crisis in 2009, a report released Thursday shows. Foreclosures hit a 10-year low and property owners in all but 15 states experienced fewer of the early stages of foreclosure, usually begun after owners have missed four mortgage payments, […]

Green Bay will surely throw more complicated — and more dangerous — things at Prescott on Sunday when the Packers visit the Cowboys for an N.F.C. divisional playoff game, but in one way, Elliott’s antics provided a perfect snapshot of Prescott’s remarkable season. Nothing seems to faze him. Spitballs. Winning streaks. Criticism after a tough night. Praise after a great day. “I don’t know,” Prescott said when […]

In Senegal, ENGIE has been selected for the Dakar TER project in partnership with Thales for the design and production of infrastructures and systems, with a contract amounting to 225 million euros DAKAR, Senegal, January 11, 2017 ENGIE (www.ENGIE.com ) announces the signature of a partnership with ANER, the National Renewable Energies Agency in Senegal, to accelerate the development of renewable energies in the country. The first […]

|By Saifur Rahman| US President-Elect Donald Trump said he’s rejected a Dh7.3 billion (US$2 billion) deal with Damac Properties at a press conference on Wednesday, just nine days before his inauguration as the 45th President of the United States. “Over the weekend, I was offered $2 billion to do a deal in Dubai with a very, very, very amazing man ‑ my friend Hussain [Sajwani] ‑ a […]

Abu Dhabi Fund for Development (ADFD) has announced it will provide a AED735 million ($200 million) grant to help fund the expansion of King Hussein Medical City in Jordan. The contribution is in line with the 2013 UAE government grant contribution of AED4.6 billion to the Gulf Development Fund, a five-year grant programme to finance development projects in Jordan. The grant will fund the first phase of […]

The United States government’s explanation for why it made a court order forcing Yahoo to scan all users’ incoming emails for intelligence purposes was unsatisfactory, the European Union’s justice chief has said. The European Commission had asked for clarification from the US government back in November last year on the secret court order served to Yahoo. “I am not satisfied, because to my taste, the answer came […]

By David Shepardson | WASHINGTON WASHINGTON Volkswagen AG, as part of a $4.3 billion settlement with U.S. regulators, on Wednesday agreed to sweeping reforms, new audits and oversight by an independent monitor for three years to resolve diesel emissions cheating investigations. Under the settlement of charges it installed secret software in U.S. vehicles to allow them to emit up to 40 times legally allowable pollution, the German […]

Top US lawmakers are challenging Wells Fargo to explain a recent rise in overdraft charges, signalling a new regulatory battle for the bank still reeling from a fake accounts scandal. On Wednesday a group of Democrats on the Senate banking committee wrote a letter to Tim Sloan, the bank’s chairman and chief executive, asking him to explain whether the bank’s recent surge in income from overdraft charges […]

BuzzFeed CEO Jonah Peretti supported Editor-in-Chief Ben Smith’s decision to publish a 35-page dossier containing damaging, unverified information about President-elect Donald Trump, saying that the company “stand(s) with Ben on his decision to publish this newsworthy document.” During his first press conference since becoming president-elect Wednesday, Trump blasted BuzzFeed for publishing the document in its entirety, calling the viral news organization “a failing pile of garbage” toward […]

Dubai’s Jebel Ali Free Zone (Jafza) on Tuesday issued new regulations to allow foreign companies to transfer and continue operations in the free zone without the need to open a branch or establish a new company. The DP World-owned company said it merged all the legal entities such as the free zone establishment (FZE), free zone company (FZCO) and branches under one regulation and has introduced a […]

(Image: File photo) Alphabet is shuttering the solar drone division formed by its Titan Aerospace acquisition in 2014, a Google X spokesperson confirmed on Wednesday. Employees will be dispersed into other divisions at X, including Loon and Project Wing. 9to5Google first reported the move, and it comes two days after Bloomberg reported Alphabet plans to sell the Google Maps solar-imaging division formed under its acquisition of Skybox. […]

By NICOLE HONG AND JAMES V. GRIMALDI The recently opened Trump International Hotel in Washington, D.C. — which has turned into a symbol of the president-elect’s potential business conflicts — is back in the spotlight. On Wednesday, a lawyer involved in deliberations with told reporters prior to Mr. Trump’s nationally televised press conference that he intends to […] (via WSJ)

By Ayesha Rascoe | NEW YORK NEW YORK President-elect Donald Trump escalated a fight with U.S. spy agencies on Wednesday, just nine days before he takes over their command as president, and accused them of practices reminiscent of Nazi Germany. The Republican said leaks from the intelligence community led to some U.S. media outlets reporting unsubstantiated claims that he was caught in a compromising position in Russia. […]

By Julia Fioretti | BRUSSELS BRUSSELS The United States has not satisfied the European Union’s concerns about Yahoo’s (YHOO.O) scanning of all customers’ incoming emails for U.S. intelligence purposes, the bloc’s justice chief told Reuters in an interview. The European Commission, the EU executive, asked the United States in November for clarifications on the secret court order served to Yahoo as part of its monitoring of a […]

Photo Sue Fulton Credit Andrew T. Warman for The New York Times You were a member of the first co-ed class at West Point, then you served in the Army for five and a half years, but it’s safe to say that you’ve spent more time on a different battle: fighting for civil rights within the military. Do you think there are any similarities between what drew […]

Turkish president Recep Tayyip Erdogan’s attempt to take control of all levers of power and a mounting terrorist threat has begun to alarm investors, sending the Turkish lira down 4 per cent to an all-time low on Wednesday. The lira traded at 3.93 to the dollar, down 12 per cent since the beginning of January, clocking its worst performance since a failed coup in July which prompted […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA