Now is an exciting time in the tech world due to the insane pace of its development. This narrative has just been reinforced with the introduction of Bluetooth 5, which features double than its predecessor’s speed and an incredible quadrupled network range. Bluetooth 5 Launch The technology was announced early this year and is being touted as one of the enabling mechanisms that will support the emergence […]
This is part of a series on the global rise of exchange traded funds ETFs are a global phenomena, but there are significant differences between the market in Europe and the US. This piece examines the most important. The US is far bigger Demand for exchange traded funds in Europe has never been higher. Assets held in funds and products listed across the region hit a record […]
By Christopher Johnson | LONDON LONDON Oil prices steadied around $50 a barrel on Thursday, close to the week’s lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment. North Sea Brent crude was up 25 cents at $53.25 a barrel by 0940 GMT. U.S. light crude was up 20 cents at $49.97 a barrel. Both benchmarks […]
Anwar Ahmad ABU DHABI // Noorullah Khan’s life was changed forever the day he stepped foot in Abu Dhabi. The Afghan arrived in the capital aged 18, penniless and with little more than the clothes on his back. Fast forward three decades and he now runs a successful shop at the Carpet Market at Mina Zayed. Now 51 years old, he has made a life for himself […]
The UK’s National Grid has agreed to sell a 61 per cent stake in its gas distribution network to a consortium of global investors, a deal that will plug the 11m homes the network serves into investors such as China’s sovereign wealth fund and Australian investment bank Macquarie. The terms of the transaction imply an enterprise value for the division of around £13.8bn including debt. The investment […]
Chicago politicians will have one more reason to look over their shoulders in 2017. The city’s history of political corruption and high crime rates have long made it fertile territory for investigative reporting. Next year, investigative nonprofit ProPublica plans to capitalize on that opportunity by colonizing the city with its first regional expansion. ProPublica plans to open the expansion in 2017 and is recruiting an experienced, Chicago-based […]
By Ju-min Park and Jack Kim | SEOUL SEOUL South Korea’s parliament introduced a bill on Thursday to impeach President Park Geun-hye, setting the stage for a historic vote to oust the embattled leader engulfed in an influence-peddling scandal. Parliament is expected to vote on Friday in favour of impeachment, although the Constitutional Court must decide whether to uphold the motion, a process that could take up […]
The boss of Dubai’s Emaar Properties has announced that the developer is set to “tighten its belt” next year as the emirate’s property market continues to stabilise, it was reported on Wednesday. Bloomberg quoted company chairman Mohamed Alabbar as saying that Dubai’s real estate market will see a “rebalancing” between supply and demand into next year. He said at a conference in Abu Dhabi that the company […]
A British regulator said on Wednesday that it fined pharmaceutical company Pfizer 84.2 million pounds, or about $107 million, for increasing the price of an epilepsy drug by as much as 2,600 percent. From $3.57 To $85.06 The Competition and Markets Authority (CMA) said that the New York-based drug company broke competition law for the excessive and unfair pricing of the phenytoin sodium capsules in the United […]
Photo LeBron James said his decision not to stay at a hotel bearing the name of President-elect Donald J. Trump was “just my personal preference.” Credit Alex Goodlett for The New York Times LeBron James has done a lot and seen a lot over the course of his 14-year N.B.A. career. He has won championships. He has traveled the globe. He has become an icon in his […]
SYDNEY Asian shares hustled to one-month highs on Thursday after Wall Street strode to another record, while bonds rallied on wagers the European Central Bank would extend its stimulus campaign at a policy meeting later in the session. Risk appetite got an extra boost when China reported upbeat trade figures with exports and imports both beating forecasts. Resource imports were very strong, a major reason prices for […]
Not many former nurses have set up a multimillion-pound global skincare company, let alone one that has 100 per cent chemical-free oils and balms, which are some of the purest on the planet. Nor have many developed an encyclopaedic knowledge of the extraordinary healing uses of plants; run private yoga, massage and meditation retreats for Hollywood actresses and New York fashion queens; helped revive frankincense production in […]
Britain plans to deepen security cooperation with Gulf Arab countries and work with them to counter Iranian actions in the region, Prime Minister Theresa May said on Wednesday. Addressing a meeting on the sidelines of the Gulf Cooperation Summit in Bahrain, May said Britain would invest more than 3 billion pounds in defence spending in the region over the next decade. “Gulf security is our security,” May […]
MOSCOW — The Russian government announced Wednesday that it will sell nearly 20 percent of its state oil company, Rosneft, to the Swiss commodity trading firm Glencore and the sovereign wealth fund of Qatar. The deal defies expectations that no investor would dare buy a share in the Russian asset, given Western sanctions against the government of President Vladimir V. Putin. But the emergence of foreign money […]
A group of investors will pay $1.12 billion for Saudi Oger’s stake in Jordan’s Arab Bank and expects to complete the deal by mid-January, a member of the consortium told Al Arabiya TV on Wednesday. Saudi Arabian conglomerate Astra Group was part of the consortium, led by Arab Bank Group Chairman Sabih al-Masri, that was buying the 20 percent stake, Ghassan Akeel, chief executive for Saudi Arabia […]
Anne Hull, a five-time Pulitzer Prize finalist who won the award in 2008 for coverage of the poor care at Walter Reed Army Medical Center, is leaving The Washington Post. She is traveling to Berlin with her partner, a German journalist. Hull, who serves on Poynter’s board of trustees, is departing The Post “reluctantly” after spending 17 years at the paper, according to a farewell memo sent […]
Blackrock’s chief multi-asset strategist summed up tomorrow’s anxiously awaited ECB meeting best by noting that “what’s priced into markets is a fully fledged extension of the [bond-buying] program,” but warns that, thanks to a muted reaction to the Italy vote and recent encouraging data, “there’s a significant chance the ECB disappoints markets.” As bond traders bet on a six-month QE extension, Citi warns, anything less will be […]
Oil and gas major Chevron Corp (CVX.N) on Wednesday announced a $19.8 billion capital and exploratory investment program for 2017. The company said the 2017 budget represents a reduction of 42 percent from 2015 outlays and is expected to be at least 15 percent lower than projected 2016 capital investments. Chevron said in March it would slash its capital budget by as much as 36 percent in […]
By Sarah Marsh | HAVANA HAVANA Cuba said on Wednesday it hoped to sign off on at least half a dozen agreements with the United States before businessman Donald Trump, who has threatened to derail detente between the former Cold War foes, becomes president on Jan. 20. Cuban and U.S. officials held talks in Havana to discuss what more could be accomplished during President Barack Obama’s remaining […]
Data should be given “personalities”, with different characteristics, so businesses can better analyse the information and extract actionable insights. Many organisations today were struggling to understand the data available because there was so much information to go through and analyse, said Julie Rodriguez, creative director at Sapient Global Markets. Speaking at the Strata+Hadoop World conference in Singapore this week, Rodriguez pointed to the concept of “data personality” […]
By Richard Cowan | WASHINGTON WASHINGTON President-elect Donald Trump on Wednesday picked a fossil fuel industry defender as his top environmental official, another retired general as homeland security chief and Iowa’s governor as U.S. ambassador to China in choices at odds with some of his recent pronouncements. Trump, continuing to build his Cabinet as he prepares to take office on Jan. 20, said Oklahoma Attorney General Scott […]
The UK investigation into October’s “flash crash” in sterling has focused heavily on the Japanese trading operations of Citigroup, which fired off repeated sell orders that exacerbated the pound’s fall, according to bankers and officials involved in the inquiry. Citi’s traders are not believed to have started the slide in the currency in thin Asia trading but its Tokyo desk played a key role in sending the […]
At the end of last month it was reported that names and telephone numbers of suspects in terrorism probes carried out by the EU police agency, Europol, had been posted online by accident. The Hague-based agency, which coordinates police efforts across the EU confirmed that an ex-staff member had taken the data home in contravention of security protocols. The concerned former staff member, who is an experienced […]
