Shares in Toshiba sank by their daily limit of 20 per cent on Wednesday morning as investors scrambled to reassess the company’s financial stability and questioned the future of one of Japan’s most celebrated industrial names. The stock plunge followed Toshiba’s warning to the market the previous evening that it could book multibillion-dollar impairment losses on part of its Westinghouse nuclear business in the US – a […]
Qualcomm has been fined 1.03 trillion won ($865 million) by the South Korean Fair Trade Commission (KFTC) over antitrust violations, with the regulator finding the chip giant’s business practices to be in violation of competition law. Qualcomm’s business model includes collecting royalty payments from clients, which are calculated on the price of the handset using the chip, rather than the price of the chipset itself, and royalties […]
McDonald’s UAE has been recognised as a UAE Best Employer in the prestigious Aon Best Employers Middle East 2016 study. The global initiative, which has been running annually in the Middle East since 2009, is a prominent study designed to empower organizations to improve talent acquisition and retention, help drive high performance and reward employers that create outstanding environments for their staff. Speaking at the award ceremony […]
Submitted by Mike Krieger via Lberty Blitzkrieg blog, Today’s piece should be seen as a bit of a followup to yesterday’s post, India’s Demonetization Debacle Highlights the Dangers of Monetary Monopoly. While yesterday’s piece was more philosophical/strategic in nature, today’s zeroes in on some of the devastating real world impacts of Narendra Modi’s insane and inhumane cash ban. It’s hard to overstate the damage this policy has done to […]
By Thomas Wilson and Saeed Azhar | TOKYO/SINGAPORE TOKYO/SINGAPORE Japan Inc may become a more important force in dealmaking next year as its cashed-up companies seek to buy growth prospects elsewhere in the world and as Beijing’s crackdown on capital outflows prevents some Chinese companies from making foreign acquisitions, bankers and lawyers said. Facing tepid prospects at home after decades of stagnation amid a shrinking population, Japanese […]
An Omani appeals court on Monday cancelled an order to close down a newspaper that had reported on alleged corruption within the judiciary. The privately-owned Azamn newspaper covered a series of corruption cases in 2014 in which several company executives were convicted. The Court of First Instance said in September the paper had undermined the prestige of the state and disturbed public order, ordering it be closed […]
Cristina Fernández de Kirchner, Argentina’s former president, has been charged over corruption accusations in public works projects, marking the most significant legal setback for the embattled populist leader. Judge Julián Ercolini cleared the way on Tuesday for legal proceedings against Ms Fernández in what is the second of several cases being investigated to go to trial. She was indicted in May over allegations of manipulating the central […]
Russian sports officials had vehemently denied the doping operation’s existence despite a detailed confession by the nation’s former antidoping lab chief, Dr. Grigory Rodchenkov, in a New York Times article last May that was subsequently confirmed by global antidoping regulators. Continue reading the main story An investigator appointed by the World Anti-Doping Agency, Richard McLaren, published more extensive evidence this month that prompted the International Olympic Committee […]
By Diane Bartz | WASHINGTON WASHINGTON Healthcare company Abbott Laboratories (ABT.N) has won U.S. antitrust approval for its proposed $25 billion acquisition of medical device maker St. Jude Medical Inc (STJ.N), the U.S. Federal Trade Commission said on Tuesday. Abbott agreed to divest two medical devices used in cardiovascular procedures to resolve FTC concerns the acquisition would stifle competition, the commission said in a statement. The company […]
By Steve Gorman | LOS ANGELES LOS ANGELES Carrie Fisher, who rose to fame as Princess Leia in the “Star Wars” films and later endured drug addiction and stormy romances with show business heavyweights, died on Tuesday aged 60, her daughter said through a family spokesman. “It is with a very deep sadness that Billie Lourd confirms that her beloved mother Carrie Fisher passed away at 8:55 […]
A total of 28 people were injured in road accidents in Dubai on Monday morning, according to Dubai Police. In a statement to media, Dubai Police said 26 of the victims were injured in a collision on Emirates Road, and the other two in a separate incident on Etihad Road. Four cars were involved in the Emirates road accident heading towards Abu Dhabi, the police said. The […]
By Yashaswini Swamynathan Wall Street was higher on Tuesday, with the Dow Jones Industrial Average resuming its climb toward 20,000 and the Nasdaq hitting a record as technology and health stocks rose. The blue-chip index has been riding on a post-election rally, feeding on optimism that President-elect Donald Trump’s plans for deregulation and infrastructure spending would bolster the economy. The index, which came within 13 points of […]
Given the number of people in the city, New Yorkers rarely feel they’re on the same page with each other. The day after Donald Trump was elected United States president, however, they quietly mourned together. The weather, as if set in a Shakespearean drama, reflected the solemn state of the city’s inhabitants. In the days leading up to the election, the weather was perfectly crisp. The annual […]
In order to meet this demand for fresh content — a demand created by the process that supplies it — Jukin scales idle browsing to industrial proportions. A researcher, on average, watches 200 clips daily. That’s a thousand videos each week, or 50,000 per year, give or take. The company’s research is aided by proprietary software called Riff, which generates feeds based on niche viral keywords. Maybe […]
World number two Rory McIlroy will be looking to maintain a proud record when he competes in the $2.65 million Dubai Desert Classic in February. The four-times major champion won the event in 2009 and 2015 and has finished in the top 10 in each of his seven previous visits to the Emirates Golf Club. “I have great memories of this tournament,” McIlroy said in a news […]
I am retiring from the Poynter Institute on New Year’s Eve. As my wife and I watch the ball in Times Square slide down to 2017, our fervent smooch will not just mark a new beginning. It will be the first celebration of almost 40 years well-spent. When my retirement was announced — along with the news that I would continue to work on some important projects […]
By Patrick Graham | LONDON LONDON Share prices inched higher on Tuesday as trading in some of the world’s major financial markets resumed after a Christmas break, with oil and the dollar also rising marginally. Concerns about Italian banks, Chinese growth and U.S. President-elect Donald Trump’s protectionist bent look set to keep investors on edge into the start of 2017. But expectations the new administration will splash […]
Gravity plays a crucial part in the growth of plants, especially in the early phase. This was amply demonstrated in the seedlings of cucumber analyzed for gravity-related changes in growth. Plants carry specialized cells that perceive gravity and distribute the growth hormone auxin to develop their vital features. Japanese researchers examined cucumber seedlings germinated at the International Space Station, where microgravity conditions prevailed. The results of the study were […]
Abu Dhabi’s stock market plans to introduce covered short-selling in the first quarter of 2017, its chief executive said on Monday, as it seeks to boost liquidity and attract more foreign investors. In covered short-selling, investors borrow shares and sell them in the expectation of repurchasing them later at a lower price. Regulators in the Gulf have until now shied away from allowing the practice because of […]
Toshiba warned the market that it could book an impairment loss of “several billion dollars” at its troubled US nuclear division and reconsider its presence in that industry as accounting issues returned to blight one of Japan’s biggest industrial names. With Toshiba’s financial position becoming more clouded by the announcement, its chief executive, Satoshi Tsunakawa, told a press conference on Tuesday night in Tokyo that the company […]
Saudi Arabia expects oil revenue to jump by 46 percent next year following the deal between the kingdom and other producers to curb output and drive up global prices. The world’s top oil exporter expects to collect SR480 billion ($128bn) from oil sales in 2017, compared with SR329 billion ($87.67 billion) this year, the finance ministry said in a budget statement last week. Non-oil revenue will climb […]
TOKYO Tokyo Electric Power (Tepco) is gauging demand for its first bond offering since the 2011 Fukushima nuclear calamity, with some market participants expecting a sale as early as February, people familiar with the plans said. Once-sceptical investors are now more comfortable with the utility’s outlook after government moves to reassess decommissioning and compensation costs, bankers and investors who asked not to be identified told Thomson Reuters […]
Finland, once a world leader in mobile telephony with Nokia, is in a class of its own when it comes to internet usage on smartphones and tablets, thanks to cheap subscription plans On the crowded morning metro in Helsinki, silence prevails. Everyone is hunched over their smartphone screens, reading the news, checking emails or watching videos. A loud “yeah!” breaks the quiet, along with delighted screech from […]
In 2016 it was all about Panamagate. But by retaining Konrad Mizzi in his executive and Keith Schembri besides him in Castille, Prime Minister Joseph Muscat stubbornly failed to recognise the extent of the public outrage at these revelations Jurgen Balzan 27 December 2016, 7:20am Joseph Muscat stood by his men and by his own admission, he evidently considers himself unable to complete the energy plans without […]
