In a dramatic example of blowback against the establishment in the post-Trumpian world, Hungary announced it plans to crack down on non-governmental organizations linked to billionaire George Soros now that Donald Trump will occupy the White House, according to the deputy head of Prime Minister Viktor Orban’s party, cited by Bloomberg. The European Union member, and native country of Soros, will use “all the tools at its […]
Home» Pakistan » General News Wednesday, 11 January 2017 01:24 Posted by Fawad Maqsood ISLAMABAD: Minister of State for Capital Administration and Development Division (CADD) Dr Tariq Fazal Chaudhry said on Tuesday that Pakistan Tehreek-i-Insaf (PTI) had not a single evidence to prove its allegations in the Panama Papers case. PTI’s allegations against the prime minister […]
Tuesday, January 10th 2017 DUBAI, UAE: Major infrastructure projects in the Middle East and across Sub-Saharan Africa are increasingly becoming a key investment target for Islamic investors, according to Project & Infrastructure Partner at Jones Day, Nadim Khan. Billions of US dollars’ worth of project capital from the growing Islamic economy is a potential source of investment for the type of mega infrastructure that underpins economic and […]
Apple CEO Tim Cook touring a Foxconn facility. While Apple isn’t Foxconn’s only partner, it’s the biggest. (Image: File photo) Key iPhone supplier Foxconn Technology Group has posted its first annual sales decline since it went public in 1991, thanks to slowing sales of the iPhone, according to Nikkei. For full year 2016, Foxconn posted revenues of roughly $136.38 billion, down 2.81 percent from a year ago. […]
NEW YORK The S&P 500 ended flat on Tuesday as gains in healthcare and financials offset a drop in energy shares, while the Nasdaq hit another record high close. A drop in shares of IBM (IBM.N) weighed on the Dow. Based on the latest available results, the Dow Jones Industrial Average .DJI was down 31.85 points, or 0.16 percent, to 19,855.53, the S&P 500 .SPX was unchanged […]
Since the start of the 21st century the South American nation of Suriname, population 540,000, has been riding a commodity boom that yielded major benefits for a country rich in bauxite, gold, oil and bananas. From 2000 to 2014, annual per capita income more than quintupled to almost $10,000. Child mortality fell by a third. A child born there today can expect to live to 70, up […]
The UAE will spend AED600 billion ($163.3 billion) over the next three decades in developing the country’s energy market, with a plan for clean energy to power 50 percent of the sector by 2050. The first unified energy strategy for the UAE has been announced which aims to balance economic needs and environmental goals. In a series of tweets on the official Dubai Media Office feed, it […]
To address criticism from regulators and public policy groups, Microsoft is making some changes in its privacy practices. Of all the body blows Microsoft has absorbed in the past 18 months over Windows 10, the criticisms of its privacy policies have to sting the most. Last summer, the French National Data Protection Commission (CNIL) issued a formal notice against Microsoft, ordering that the company “stop collecting excessive […]
By Amanda Ferguson | BELFAST BELFAST After a decade of bitter compromises over paramilitaries and policing, Northern Ireland’s power-sharing government finally fell apart this week over the abuse by farmers of a green-energy grant to burn fuels such as wood pellets instead of coal. The confrontation has exposed a growing rupture in trust between Catholic Irish nationalists and pro-British Protestant unionists whose cooperation underpins the 1998 Good […]
While most of us don’t enjoy an ocean view day in and day out, the health of this enormous ecosystem is everyone’s business. It’s been said that change starts at home. If your goal is to make a difference, Lifehacker’s Sherry Gray offers these nine easy suggestions on how you can be the change you wish to see in the world, as the old saying goes. Eat […]
WASHINGTON The Federal Reserve on Tuesday said it would turn over $92.0 billion in profits to the U.S. Treasury in 2016, down from the $97.7 billion the central bank’s 12 regional banks paid back to the U.S. government in the previous year. The Fed earns interest on government bonds that it holds as well as from securities tied to mortgage-finance giants Fannie Mae and Freddie Mac. Through […]
Rolls-Royce’s Dubai dealership, AGMC, has overtaken Abu Dhabi to become the brand’s most successful and highest selling dealership in the world during 2016. The region also remained to be the brand’s third largest market despite challenging economic conditions and political uncertainty. Rolls-Royce Motor Cars announced a 6 percent rise in global sales in 2016 compared to 2015, marking the marque’s second highest ever annual sales result and […]
MEXICO CITY Mexico’s new Foreign Minister Luis Videgaray said there is “no way” his country will pay for the wall that U.S. President-elect Donald Trump has pledged to build on the United States’ southern border to keep out illegal immigrants. Speaking on Mexican television, Videgaray reiterated the government’s position that it would not pay for the wall, which has been a bone of contention between Trump and […]
Rackspace’s senior vice president Jeff Cotten has been promoted to president, the managed cloud company announced Tuesday. Cotten will take on the new role starting February 1. Cotten wil reported directly to CEO Taylor Rhodes, leading Rackspace’s global sales teams and the international business unit. He’ll also oversee Rackspace’s fastest growing new lines of business, including Fanatical Support for AWS and Rackspace Managed Security. Rackspace executive vice […]
By Patricia Zengerle | WASHINGTON WASHINGTON Senior U.S. Republican and Democratic senators will introduce legislation on Tuesday seeking to impose a wide range of sanctions on Russia over its cyber activities and actions in Syria and Ukraine. The legislation is sponsored by 10 senators – Republicans John McCain, Lindsey Graham, Marco Rubio, Ben Sasse and Rob Portman and Democrats Ben Cardin, Robert Menendez, Jeanne Shaheen, Amy Klobuchar […]
The organisers behind the upcoming show CATS the Musical at Dubai Opera have released a number of AED275 tickets for the show. Andrew Lloyd Webber’s record-breaking musical, one of the longest-running shows in West End and Broadway history, opens in Dubai Opera on January 16 next, for a limited ten-night run until January 25. Performed by Broadway Entertainment Group, the production is an adaptation of TS Eliot’s […]
By Parisa Hafezi | ANKARA ANKARA The death of former president Ali Akbar Hashemi Rafsanjani deprives Iran’s reformers of a powerful ally, boosting anti-Western hardliners before a presidential election which will determine how open Tehran is to the world. The loss of Rafsanjani’s skills as a factional powerbroker also means rivalries in Iran’s unwieldy dual system of clerical and republican rule could grow unchecked, testing the stability […]
Chipotle Mexican Grill Inc (CMG.N) said sales at established restaurants likely fell 4.8 percent in the fourth quarter and that costs came in higher than it had previously anticipated. Chipotle’s shares were down 3.2 percent at $381.99 in premarket trading. The company said it incurred higher-than-expected expenses due to higher promotional spending and costs related to television advertising, as it fights to recover from a string of […]
“Have you ever eaten Danish food?” Chef Henrik Yde Andersen asks me during a morning Skype call. He is absent-mindedly waving about a cup of coffee as he talks. “It is rather bland – all potatoes and cabbages – and so, when I first encountered Thai cuisine, during a holiday on the island of Krabi many, many years ago, I cried my eyes out – from the […]
Good morning. Elites caught in a bubble? John Oliver and Meryl Streep bashed Donald Trump and praised journalism. Donations soared for two nonprofits praised by them: ProPublica and the Committee to Protect Journalists. Hip, hip, hoorah. Truth and justice win out over the forces of darkness. Or did they? You couldn’t try harder, or be more articulate, than Streep. “It was simply stunning: eloquent and urgent, the […]
January 10, 2017 by: Nicole Bullock in New York US stock market bulls can be forgiven for feeling like Vladimir and Estragon, the two characters in Waiting for Godot. Donald Trump’s promise to cut tax and business regulation sent the Dow Jones Industrial Average up more than 8 per cent in quick order following his election in early November. However, it has failed to crack the 20,000 […]
The Merry Christmas ransom note features Futurama’s evil Robot Santa. Image: SANS Internet Storm Center Unsuspecting internet users could find themselves on the receiving end of an unwanted belated Christmas present, malware that doesn’t only encrypt their Windows PC and hold it to ransom, but also steals personal data and login credentials. Spotted by cybersecurity researchers in the first week of the year, the Merry Christmas ransomware […]
Prince Alwaleed: “This transaction marks yet another success for Kingdom’s value realization strategy” 10 January 2017 Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announces that it has successfully sold its 100% interest in the Mövenpick Hotel Ambassador Accra to QG Africa Hotel LP, a Mauritius-based fund managed by Quantum Global Investments Africa Management Ltd. for a consideration of $100M. The […]
Plans have been revealed for a AED1.8 billion ($490 million) development in Dubai to feature amusement parks, apartments, shops, restaurants and a cultural centre. Ento Capital Managment, an investment company licensed by the Dubai Financial Services Authority (DFSA), said it is geared to reconstruct the Wonder Land project, located on Al Riyadh Street. Hayssam El Masri, CEO of Ento Capital, said the project is slated to start […]
