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AP Images A new European Court of Justice ruling has made it more difficult for Britain to seal a major trade deal with the European Union post-Brexit. The European Court of Justice’s Advocate General Eleanor Sharpston published a legal opinion saying that all 38 national and regional parliaments, around five regional and linguistic parliaments in Belgium, and at least five upper chambers in Europe have to approve […]

2016 was fact-checking’s finest year [1]. No it wasn’t, it was the year of “post-truth” [2] — some preferred “post-fact” [3] — and fact-checking is a fool’s errand. The discussion about facts in journalism worldwide has rarely been as fractured and animated as it has been in 2016, so we collected 366 links, one for each day of the year, to try and make sense of what […]

By Lawrence Delevingne and Olivia Oran | NEW YORK NEW YORK Wall Street holiday parties this year took place in luxury venues like the Waldorf Astoria, featured women dressed as glowing angels, and had fine wine, scotch and bourbon on hand. But organizers of the soirées, conscious of tighter budgets and public scrutiny, are not eager to discuss the merriment. Big financial firms started curtailing year-end bashes […]

Oman Air is revising its check-in luggage regulations from January 1, allowing only one 30 kilogram suitcase per person, it was announced on Wednesday. Passengers will no longer be permitted to split the 30kg into two or three pieces, an airline official told Times of Oman. The airline will, however, reduce the excess baggage charges. Under the new rules, passengers turning up for flights with excess baggage […]

Self-driving cars are rolling out much faster than expected, from Uber testing autonomous taxis in San Francisco to Google spinning off its self-driving car division into Waymo and partnering with Fiat-Chrysler. To Fiat, this likely looked like the fastest and best way to get up to speed, considering that rivals like Ford, Honda, and Toyota have a head start. It wasn’t always like […]

ZURICH Swiss biotech group Actelion’s (ATLN.S) shares rose by more than 3 percent on Wednesday following a report that talks with Sanofi (SASY.PA) are making progress, increasing optimism that the two will strike a deal. Reuters reported late on Tuesday that discussions between the Swiss and French companies are progressing, despite investors’ fears that the Swiss biotech firm’s chief executive and founder might not want to sell. […]

Oman’s Electricity Holding Company (EHC) has signed an agreement for a $325 million working capital loan, the state-owned company’s finance chief said on Tuesday. The company, which holds the Omani government’s stake in nine electricity firms, has raised the funds to support four of its distribution subsidiaries, Hussain Al Balushi told Reuters. Bahrain’s Bank ABC coordinated the facility, which has a one-year maturity extendable for an additional […]

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Perth’s Quantify Technology is developing technology to create intelligent buildings, with the same technology aiming to provide a foundation to enable the creation of secure Internet of Things (IoT) devices. Although Quantify is in the business of power points and light switches, founder and managing director Mark Lapins said there is more to his company than just that. “IoT is big and confusing and we’re trying to […]

By Ju-min Park | SEOUL SEOUL South Korea on Wednesday issued an arrest warrant for a daughter of the woman at the centre of President Park Geun-hye’s corruption scandal and investigators raided the National Pension Service over possible links to the scandal. A special prosecutor’s investigation started on Wednesday into the influence-peddling scandal that threatens to make Park, 64, the first democratically-elected leader to leave office early […]

Abu Dhabi-based Etihad Airways is reviewing its strategy of investing in European airlines and is seeking an exit in a shake-up that could lead to the departure of CEO James Hogan, company and industry sources told Reuters on Tuesday.  Etihad saw a strategy to take equity stakes in carriers like Air Berlin, Alitalia and Air Serbia as a way to expand its European network but losses have mounted with Air […]

When mandatory telecommunications data retention legislation was first introduced — the so-called “metadata” retention laws — Australia’s favourite Attorney-General Senator George Brandis QC stressed that it wouldn’t be used to chase copyright infringers. “They can’t be and they won’t be,” Brandis said of the laws on ABC TV’s Q&A in November 2014. “The mandatory metadata retention regime applies only to the most serious crime, to terrorism, to […]

SYDNEY The U.S. dollar held near 14-year peaks on Wednesday as global yield spreads moved inexorably in its favor, while a falling yen lifted Japanese shares to a one-year top. The Nikkei .N225 added 0.3 percent in thin trade, while Australia’s main index climbed 0.6 percent to its highest in 17 months after Wall Street racked up more records. Japan’s government upgraded its overall assessment of the […]

This year. I started out as a managing editor of the L.A. Times. I end it as a vice president at CNN. We lived in Los Feliz, under the hills of Griffith Park and neon signs of donut shops. Now we’re in Jackson Heights, in the shadow of brick buildings and halal butchers and planes headed to LaGuardia. After the move, we let our 12-year-old walk to […]

Australia’s corporate regulator has ordered Slater & Gordon to produce documents in relation to an investigation into the accuracy of its financial records, sending shares in the beleaguered law firm down more than 6 per cent. S&G has faced a string of issues with authorities in the UK and Australia following its disastrous 2015 acquisition of the professional services arm of UK-based Quindell, now known as Watchstone […]

World’s leading hotel operator AccorHotels announces first Mercure brand in the country Muscat, Oman, 20 December 2016 AccorHotels, one of the world’s leading hotel operators announces the opening of Mercure Sohar in Oman.  Blending the best of business and leisure, this new hotel pays tribute to its environment with an authentic offering reflective of genuine Omani warmth and hospitality. Nestled between Al Hajjar Mountains and the Sea […]

By Sue-Lin Wong | YANJI, China YANJI, China The brightly coloured packages advertising “Walleye Pollock” at the West Market in Yanji, a Chinese city near the border with North Korea, say the fish came from China.     But 15 vendors interviewed at the market say the fish came in from North Korea to be processed, packaged and mostly sold in China. They say they buy the […]

A Middle Eastern investment banking fee bonanza should extend into 2017, spurred by a combination of bond and share sales and mergers and acquisitions as the region adjusts to lower oil prices, bankers say. Deals such as Saudi Arabia’s $17.5 billion debut international sovereign issue and the sale of a majority stake in retailer Kuwait Food Co (Americana) to Gulf-based Adeptio have helped banks’ earnings, off-setting falls […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices nudged higher on Wednesday on expectations of a U.S. crude inventory draw, although trading activity was muted as markets start to wind down ahead of the Christmas weekend. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $53.58 per barrel at 0105 GMT, up 28 cents from their last settlement. International Brent crude oil futures LCOc1 […]

Many Emiratis live under pressure to find our identities between being members of big tribal families, proud of our heritage and culture, and being part of a modernised and ever-expanding country where every day we are more open to international business, and an ever-expanding community. I don’t see the distinction between expatriate and local, I see community. For an Emirati to be in that community setting is […]

A merger of German container shipping line Hapag-Lloyd and United Arab Shipping Company (UASC) is likely to take months to complete, partly due to financing issues blamed on a deep industry downturn, sources familiar with the deal say. Hapag-Lloyd signed a binding agreement with UASC in July to form the world’s fifth-largest line, valued at about 7 to 8 billion euros ($7.2-$8.3 billion), by the end of […]

20 December 2016 Al Habtoor Motors, the official dealer of FUSO in the UAE, has been rewarded yet again for its commitment to provide customers excellent service. It was awarded the ‘Best Customer Service’ Award at the recently held Daimler Trucks Asia Distributors Award 2016 ceremony held in Chennai, India. The event was attended by 217 delegates from 101 countries. Karl Hamer, Managing Director of Al Habtoor […]

BUENOS AIRES Argentina and Britain agreed on a framework to identify the bodies of dozens of unknown Argentine soldiers buried on the disputed Falkland Islands, Argentina’s Foreign Ministry said in on Tuesday. The two countries, which went to war over the islands in 1982 and have had strained relations for decades, also agreed to try to increase the number of flights to the remote islands. Britain has […]

By Melissa Fares and David Lawder | WEST PALM BEACH, Fla./WASHINGTON WEST PALM BEACH, Fla./WASHINGTON U.S. President-elect Donald Trump plans to put his pick for Commerce Secretary, billionaire investor Wilbur Ross, in charge of his get-tough trade policy, a transition team spokesman said on Tuesday. It is a signal of how Trump, who is also interviewing candidates to be the U.S. Trade Representative (USTR), plans to elevate […]

Nike Inc (NKE.N), the world’s No. 1 footwear maker, reported better-than-expected quarterly revenue, helped by higher demand from Western Europe, Greater China and emerging markets. The company’s shares were up 4 percent at $53.89 in after-market trading on Tuesday. Nike’s net income rose to $842 million, or 50 cents per share, in the second quarter ended Nov. 30, from $785 million, or 45 cents per share, a […]

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