As I was scrolling through my Instagram for the fifth time before I slept I saw a meme that was all too familiar. The meme was of an interviewer saying: “We are looking for someone between the ages of 22 and 26 with 30 years experience.” It made me laugh as it brought back memories of job rejections after graduating from university due to my lack of […]
Three Société Générale executives have been arrested in Equatorial Guinea for allegedly breaking its banking secrecy laws, accused of leaking financial documents to be used against the country’s vice president during his upcoming corruption trial in Paris. The move is the latest in a tit-for-tat battle between the two countries after French prosecutors this year formally charged the vice president, Teodoro Nguema Obiang, of acquiring real estate, luxury […]
She says she hasn’t decided what she’ll do next, but that it likely will involve working for a foundation or, perhaps, in the private sector. She’ll depart the FEC having largely seen her standing goal of revealing sources of secret money in politics stymied. Goodman, in an interview, wouldn’t commit to staying at the FEC through 2017. “I will make a decision early next year about my […]
UAE President Sheikh Khalifa bin Zayed Al Nahyan has declared 2017 as the “Year of Giving” to promote the culture of volunteering and loyalty to one’s country. The “Year of Giving” will focus on three main pillars – the sense of community responsibility in the private sector, the spirit of volunteering and instilling loyalty and commitment in the next generations to serve their country, news agency WAM […]
By Tracy Rucinski | CHICAGO CHICAGO Caesars Entertainment Corp’s (CZR.O) bankrupt operating unit resolved a dispute with its lenders on Friday, paving the way for a consensual plan to push the casino group out of its $18 billion Chapter 11. In filings with the U.S. Bankruptcy Court in Chicago, bank lenders said they had reached an agreement over their recovery terms and were withdrawing a threat to […]
Donald Trump intends to close his charitable foundation to reduce the number of potential conflicts of interest he faces, as the New York property mogul prepares for his inauguration on January 20 as the 45th president of the US. In a statement released on Christmas Eve, Mr Trump said he had instructed his lawyers to dissolve the charity without providing details on timing. The president-elect has faced considerable […]
Saudi Arabia’s government plans to provide 200 billion riyals ($53 billion) of incentives to the private sector over the next four years in its drive to diversify the economy beyond oil, according to an official planning document. A reform programme launched this year, after a plunge in oil prices slashed state revenues in the world’s top oil exporting country, envisions the private sector investing tens of billions […]
Toyota Motor Corp (7203.T)said on Saturday that a new chief executive officer will lead its Brazil operations beginning Jan. 2. The Japanese carmaker said Rafael Chang would take over the company’s largest South American operation. He will replace Koji Kondo, whom the company praised as leading Toyota through difficult years as demand for autos in Brazil has fallen by half in the last four years. Toyota, Brazil’s […]
The haiku is a powerful poetic form derived from the original Japanese style, with its structured three lines of five, seven and five syllables. David Lanoue, haiku poet and author, defines it as: “A one-breath poem that discovers connection.” They’re beautiful but not something you expect to find many of in the FT. However, in a fit of experimentation earlier this year, we created an algorithm that […]
Minor Hotel Group, the Thai-based operator of the luxury Anantara brand, has announced plans to open a resort in Jeddah, Saudi Arabia. Scheduled to open in 2019, Anantara Jeddah Resort will be located on the waterfront in Obhur and will offer 226 guest rooms and 102 two to five bedroom villas. Facilities will include a selection of dining options with both indoor and outdoor seating, fitness and […]
Australia’s cybersecurity capabilities and researchers will be showcased to global players in the United States in February, in a delegation sent to the RSA Conference in San Francisco led by Special Adviser to the Prime Minister on Cyber Security Alastair MacGibbon and recently appointed CEO of the Australian Cyber Security Growth Network Craig Davies. According to Nicola Watkinson, Austrade’s senior trade and investment commissioner for North America, […]
Hotel occupancy in Dubai rose by nearly five percent in November compared to the year-earlier period to be the top performing market in the Middle East and North Africa, according to new figures. EY’s November 2016 GCC Key Performance Highlights report showed that the emirate’s hotels achieved an occupancy rate of 89.5 percent compared to 84.8 percent in November 2015. The data also showed that Dubai hoteliers […]
DUBAI Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oilfields, a senior official said on Saturday. That means Chinese firms China National Petroleum Corp (CNPC) [CNPET.UL] and Sinopec (0386.HK), which have played a leading role in developing the fields until now, will have to compete with other firms if they want to maintain that […]
The Turkish Army and police won, but victory brought an Aleppo-like landscape. Two dozen acres of the old city have been cleared of the rubble so far, leaving a featureless circular gash on aerial maps. The damage is mostly invisible from street level though, because alleyways leading up to the most devastated areas have been walled up where they intersect with streets that have reopened for business. […]
Bulletproof Group reported on Thursday that it is on track to deliver improved financial results in the 2016-17 financial year, thanks to product investment and marketing strategies. The Australian Securities Exchange-listed cloud services provider informed the market that full-year revenue is expected to reach AU$54 million, up 14 percent from the 2015-16 financial year. Half-year revenue is expected to reach AU$24 million, an 11 percent increase over […]
Saudi Arabia plans to borrow between $10 to $15 billion from international markets in 2017 and around 70 billion riyals from the domestic market, a senior Saudi official told Al Arabiya television channel. Mohammad al-Tuwaijri, secretary-general of the Finance Committee at the Royal Court, was speaking to Al Arabiya in an interview aired on Friday. The Saudi government borrowed $17.5 billion this year in its first international […]
By Lawrence Delevingne | NEW YORK NEW YORK When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York-based firm felt some vindication. But the possibility that each defendant might face prison terms has done little to soothe their […]
The power of a good interview to shed light on the personalities and themes driving the news agenda was demonstrated clearly in the year of tumult that has been 2016. As geopolitical shocks spread, a roll call of politicians, business leaders, celebrities and cultural figures sat down with the Financial Times to share their thoughts. In the UK, Theresa May revealed some insights into her brisk management […]
Real estate markets in the UAE witnessed contrasting trends in November with sales prices and rents up in Dubai but values falling in Abu Dhabi, according to a new report by Bayut.com. Property website Bayut said the real estate market in Dubai was buoyed last month by a spate of project launches, stirring up interest in the market but activity in Abu Dhabi was slow, resulting in […]
MOSCOW Rosneft’s (ROSN.MM) plans for next year allow it to be flexible with production volumes, Russia’s top oil producer said on Saturday, after Moscow clinched a deal with OPEC to cut production to bolster weak oil prices. State-controlled Rosneft, which accounts for over 40 percent of Russian oil production, said its board has looked into plans for 2017-2018. “The plan is formed on the basis of actual […]
A round up of some of 2016’s most significant corporate events and news stories. Smartphone sales © EPA A bright start to the year for Samsung Electronicswent up in smoke, after it took the unprecedented decision to axe its Galaxy Note 7 line, following a spate of safety issues that saw the smartphone banned from aircraft, writes Nic Fildes. The 2016 Galaxy Note iteration won substantial praise […]
So it would appear. Bit Player Turns Star Shawn Harrington was one of the bit players in “Hoop Dreams.” A sophomore point guard at Marshall who moved from the junior varsity to the varsity during that glorious 1991 tournament run, he had his own star turn a few years later. After bouncing around several colleges — during which time he both got a degree and became a […]
Kuwait’s foreign trade surplus shrank 20 percent from a year earlier to KD1.39 billion ($4.56 billion) in the third quarter of 2016, data from the Central Statistical Bureau has showed. However, the latest figure was up from KD1.2 billion reported in the previous quarter as low oil and gas prices continue to affect the local economy. Kuwait is seeking to plug a budget deficit officially projected at […]
Ekster’s smart wallet. Photo: Ekster Wallets and their contents – cash, cards, tickets, receipts etc – will eventually be replaced by smartphones that work with electronic payments system. But while those have been available for years in some countries, most men still carry traditional wallets. That being the case, there should be a market for “smart wallets” that connect to smartphones, so you can find your wallet […]
