A drug used in treating narcolepsy could help food addicts lose their weight, reports a recent study. Some people are addicted to food not only because of lack of self-control but also because they could be physically addicted to fat and sugar. Generally, when delicious food is eaten, there is a strong release of dopamine in the reward points of the brain, indicating the feeling of pleasure. […]
Law Blog rounds up the morning’s news: Business regulations: President-elect Donald Trump’s promise to eliminate regulations on U.S. businesses will likely take years to fulfill given the complex steps involved in reversing them and political and legal challenges from Democratic lawmakers and state attorneys general. [WSJ] Terrorism defense: As authorities crack down on ISIS sympathizers, the […] (via WSJ)
Chairman and CEO of PepsiCo. Indra Nooyi is the latest Indian American to be hand-picked by U.S. President-elect Donald Trump to advise him and help him run the country. Ms. Nooyi’s appointment to his strategic and policy forum was announced Wednesday by Mr. Trump’s transition team as one of three new appointments to the 16-member group. SpaceX Corp’s Elon Musk and Uber Technologies Inc.’s Travis Kalanick were […]
Everyone is gaga over the idea of frictionless grocery shopping: tap your phone on a turnstile device upon entry, retrieve food from the shelves, and walk out; your bill is charged to the credit card connected to your device. No waiting in line; no chit chat as your groceries are rung up. In other words, say hello to Amazon Go, which will be tested in […]
Dubai has proven to be the most popular spot for Brits spending Christmas abroad this year, according to booking data by travel company Southall Travel, with neighbouring Abu Dhabi coming in second place. Research conducted by the firm suggests many British holidaymakers are in pursuit of a warm Christmas, with destinations across the UAE enjoying average temperatures in the mid 20s during December. The Thai capital of […]
By Patrick Markey | AL-DHIBANIYAH, Iraq AL-DHIBANIYAH, Iraq His right arm strapped with a tourniquet and numbed by anaesthetic, Azad Hassan sat before the crowd waiting for Islamic State militants to chop off his hand as a punishment. First, he had watch them do the same to his brother. Freed from Islamic State rule in Mosul by Iraqi forces who are fighting to recapture the city, the […]
By Natalie Schachar | MEXICO CITY MEXICO CITY Some Mexican banks are lowering credit card spending limits and raising consumer lending standards in the face of an economic slowdown, rising interest rates and the U.S. election victory of Donald Trump. After a period of robust overall credit growth, Mexican banks are cutting credit card exposure to counter a potential rise in consumer defaults and the risks of […]
The Australian Minister for Communications Mitch Fifield has called on the Australian Competition and Consumer Commission (ACCC) to only declare domestic mobile roaming if there is an overwhelming case for it, and not simply as a result of a “balance of probabilities”. “I am concerned that there is a real risk that any declaration will lead to an erosion of long-term benefits for all consumers including those […]
Residents of the fire-hit Adriatic building at the Oceana complex on Dubai’s Palm Jumeirah have been granted access to their apartments to collect their belongings, the building’s property manager Asteco said in a statement sent to Arabian Business. However, it added tjhat Dubai authorities have yet to give the clearance required to allow residents to move back in. The statement from Asteco said the cause of the […]
Tata Sons Ltd. has won some battles for control of the Tata Group this week, but the holding company atop India’s largest conglomerate still has to win the war against its ousted chairman Cyrus Mistry. In October Tata Sons directors said they had lost confidence in Mr. Mistry’s ability to lead the group and voted him out as chairman in a boardroom coup which shocked investors, analysts […]
SANTIAGO A prominent Chilean business leader presented the country’s economy minister with an inflatable doll on stage at an event late on Tuesday, sparking a social media storm and criticism by President Michelle Bachelet. Exporters’ association Asexma traditionally gives humorous gifts to VIPs attending its annual dinner, but the inflated sex toy – which was handed to economy minister Luis Cespedes with the comment that it could […]
This Tuesday, July 19, 2016 photo shows a Yahoo sign at the company’s headquarters in Sunnyvale, Calif. On Wednesday, Dec. 14, 2016, Yahoo said it believes hackers stole data from more than one billion user accounts in August 2013. (AP Photo/Marcio Jose Sanchez) Yahoo said Wednesday more than a billion users may have had data stolen in a hack dating back to 2013—separate from its previously disclosed […]
By Howard Schneider and Lindsay Dunsmuir | WASHINGTON WASHINGTON The U.S. Federal Reserve raised interest rates on Wednesday and signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration’s promises of tax cuts, spending and deregulation. The increase in the federal funds rate to a range of between 0.50 percent and 0.75 percent was widely expected. But the prospect of […]
Photo Stephen Curry of the Golden State Warriors signing autographs before a game in Memphis last week. The N.B.A. is in the midst of a highly prosperous stretch. Credit Brandon Dill/Associated Press At a time of enormous popularity and prosperity for the N.B.A., the league and the players’ union reached an agreement in principle Wednesday on a seven-year collective bargaining agreement that ensures labor peace through the […]
With over 150 Saudi suppliers now, GE aims to double the number by 2020, creating a dynamic Saudi supply chain ecosystem that serves global markets GE’s investments in localized manufacturing helps build Saudi entrepreneurship, create new jobs for Saudis and build the local SME sector Dubai, United Arab Emirates; December 15, 2016 GE Oil & Gas today won the ‘Best in Supplier Development’ honor at the In […]
Steve Garey, who retired from the Anacortes refinery in 2015 after almost 25 years and served as president of the United Steelworkers local, said that while some positive changes were made after the 2010 accident, upper management at Tesoro remains “contemptuous” of its work force and is “hiding behind incredibly permissive process safety regulations.” Those regulations grew out of a string of catastrophic events in the 1980s, […]
Commercial banks in Qatar will see their profitability fall under continued pressure in the coming years as deposit growth slows and interest rates drop, new research shows. A report by BMI Research, part of Fitch Group, states: “In the first 10 months of 2016, the average interest rate on government securities stood at 2.65 percent, well below the average of 5.96 percent that banks demand on private […]
The peaks of fine dining just keep getting higher and higher. A caravan of roving chefs and their 15 guests is currently making its way up the Himalayas toward the base camp at Mount Everest, where, 17,500 feet above sea level and amid the lashing winds and bone-penetrating chill of the Nepalese winter, food will be served. The One Star House Party, as the project has been […]
The Washington Post is a profitable and growing enterprise, the newspaper’s publisher announced in a memo to staffers Tuesday evening. In the seventh paragraph of a rally-the-troops announcement, Post Publisher Fred Ryan made a winking nod to burying the news: Not to bury the lede, but thanks to the incredible work of the entire team, The Washington Post will finish this year as a profitable and growing […]
Dubai is working with HSBC on the financing of Expo 2020 Dubai, a $7 billion exhibition centre project expected to attract 25 million visitors, sources familiar with the matter said. The site will host Expo Dubai which will run from October 2020 to April 2021 and will be the first World Expo hosted in the Middle East, according to the Expo 2020 website. The project provides more […]
By Jacob Gronholt-Pedersen and Ron Bousso | COPENHAGEN/LONDON COPENHAGEN/LONDON Talks between shipping group A.P. Moller-Maersk (MAERSKb.CO) and DONG Energy (DENERG.CO) to merge their oil and gas business have stalled after the two Danish firms could not agree on a price, industry and banking sources said on Wednesday. The breakdown in talks aimed at creating a joint company worth more than $10 billion may open the door for […]
MARTIN VAN BEYNEN Last updated 17:36, December 14 2016 A Russian investor has been allowed to purchase a luxury New Zealand property after explaining his connection with the Panama Papers. Leonid Kiryakov, who owns a heating and air conditioning firm in Russia, has bought a $5m property with its own beach in Matakana, a wealthy seaside settlement north of Auckland. The transaction required approval by the Overseas Investment Office […]
BEIJING A court in eastern China on Wednesday sentenced the former Communist Party chief of the major city of Nanjing to 12-1/2 years in jail, after finding him guilty of corruption. Yang Weize, Nanjing’s top official, was put under investigation early last year by the party’s internal anti-graft watchdog. The court in Ningbo said Yang accepted bribes, either directly or through his wife, worth 16.4 million yuan […]
Telstra is addressing the skills shortage in the technology sector through the launch of their Business Technology Services (BTS) academy, which will see a handful of new recruits trained as security or network specialists by the telco. With 29 participants six weeks into their three-year academy course, Telstra BTS executive director Christopher Smith told ZDNet the initiative has so far seen the recruits undergo intensive training and […]
