Prime Minister Narendra Modi’s request for feedback on his move to scrap large denomination notes has sent his app to the top of the charts. Mr. Modi on Tuesday asked users of his app, which allows citizens share their views and get news about the leader of the world’s largest democracy, to rate his decision to replace 500 and 1000-rupee notes that was aimed at cutting corruption […]
Amid increasing social unrest, a collapsing currency (against the dollar), and an economy at a standstill, there has been another growing fear in India that has spooked many around the world. The rumors and speculation of an Indian gold import ban (or even an outright ban on gold ownership) have sparked panic-buying of the precious metal sending retail premia soaring at local jewelers. In an effort to […]
Abu Dhabi Terminals (ADT) has announced that on it recently set a new daily record by handling 5 million containers, a milestone achievement for Khalifa Port Container Terminal (KPCT). The record number was achieved on October 28 serving the CMA CGM, a vessel belonging to ADT’s long-term customer, CMA CGM Pegasus. The new throughput milestone follows terminal operator ADT’s success in the first half of 2016, which […]
By Lucien Libert and Morade Azzouz | PARIS PARIS Hundreds of thousands of workers and high-school students joined protest marches across France on Wednesday to challenge plans to loosen the country’s protective labor laws that unions say favor businesses. The day of protest — which led to scores of arrests as youths and police clashed in Paris, Lyon and Nantes — marked the fourth such test of […]
FRANKFURT Germany’s biggest airline Lufthansa said it will cancel some flights on Sunday even though its pilots have ruled out strikes that day following a four-day walkout that started on Wednesday. “Flight ops should proceed according to schedule on Sunday. Due to the strikes on the preceding days, there may still be a few cancellations,” the company said via Twitter and email, asking customers to check the […]
26 November 2016 The Information & Communication Technology Fund (ICT Fund) signed a sponsorship and collaboration agreement with the American University of Sharjah to provide 15 scholarships for distinctive students. This agreement coincides with the UAE Innovation Week, which takes place from 20-26 November 2016. The offered scholarships fund the bachelor studies of programs related to the ICT sector, including Electrical Engineering, Computer Engineering and Computer Science. […]
Damac Properties on Thursday announced the launch of Akoya Manarola, a collection of colourful villas directly facing the international golf course in its Akoya Oxygen development project in Dubai. Inspired by the charming village of Manarola on the Italian Riviera, the community features three-bedroom villas costing AED2.3 million. Damac said in a statement that Akoya Manarola villas will go on sale on Tuesday. Ziad El Chaar, managing […]
Nov 25, 2016 11:33 am IST Another day, another set of late-evening twists in India’s experiment in warp-speed currency replacement. Indians can no longer exchange their voided 500- and 1,000-rupee bills for newly minted currency at banks and post offices, after the Ministry of Finance tightened its crackdown on cash Thursday night. Ever since Prime Minister Narendra Modi abruptly invalidated the big bank notes this month, millions […]
FRANKFURT German trains-to-turbines group Siemens is well placed to do business in the United States, regardless of whether President-elect Donald Trump backs fossil-fuels at the expense of renewable energy, its CEO told a newspaper. “The good thing is that we can offer everything. Steam power plants that are powered by coal, state-of-the-art gas-fired power plants, wind energy, we can build solar parks and the necessary link to […]
One of the tallest roller coasters in the region will have its home in Qatar, with the first shipment of a section of the steel structure on its way, the manufacturer has announced. Within the currently under-construction mixed-use complex, Doha Oasis, on Al Khaleej St/B-Ring Road, the 60m-high structure will be the centrepiece of a new underground mall and theme park that will include more than two […]
Professor Stephen Hawking, David Coulthard and Lily Cole supported the event that looked into the changing perceptions towards wealth 26 November 2016 Abu Dhabi – UNLIMITED, a new platform powered by UBS, hosted an exclusive event at New York University Campus in Abu Dhabi today that explored changing attitudes towards wealth. UNLIMITED is a content partnership with the aim of deepening and amplifying public understanding of what […]
He seized power audaciously in 1959 and commanded to the last a powerful personal following inside and outside Cuba. But during more than half a century in office Fidel Castro, who has died at the age of 90, metamorphosed from a popular and charismatic guerrilla leader into a traditional caudillo, an autocratic holdover from another age. At his life’s end, although bolstered by the emergence of a […]
By Steve Holland and John Whitesides | WASHINGTON WASHINGTON Republican presidential front-runner Donald Trump made a surprise closed-door visit to the Republican National Committee on Thursday after a tumultuous two days on the campaign trail that included a reversal of his pledge to support the party’s nominee. Trump, who is also struggling to contain the fallout from his Wednesday comment that women who have abortions should be […]
The survey of U.S. business executives released Friday by the American Chamber of Commerce in China showed 26% had seen data or trade secrets stolen over an unspecified time period. More than 40% said they saw the risk of a data breach in their China operations rising. The chamber hasn’t previously released survey results related to data theft. (via WSJ)
Dubai’s police chief, Lieutenant General Khamis Mattar Al Mazeina, has died and will be buried on Friday, Dubai Media Office has announced. Al Mazeina, General Commander of Dubai Police, died on Thursday night in Rashid Hospital after suffering a heart attack. He became the General Commander of Dubai Police in 2013, succeeding Lieutenant General Dahi Khalfan Tamim. Source link
“Bo was not happy,” said Carr, who later became a Michigan head coach. This week, Michigan plays the same opponent in a similarly emotional moment — and one with perhaps even higher stakes. The No. 3 Wolverines will face the No. 2 Buckeyes on Saturday afternoon in Columbus, Ohio, with the chance to go on to win the Big Ten championship, cementing a place in the season-ending […]
By Lisa Lambert | WASHINGTON WASHINGTON Lender GE Capital asked the U.S. government on Thursday to stop designating it as “too big to fail,” saying it had shrunk to the point where it would not pose a major threat to the nation’s financial stability if it experiences distress. Chief Executive Officer Keith Sherin said in a statement that the General Electric Co (GE.N) unit no longer met […]
Nov 25, 2016 12:35 pm IST We’re going to be live on Facebook at 9.30 a.m. India time Monday discussing India’s ongoing cash crunch and want your questions. The government’s crackdown on the hoarding of notes has left many Indians hungry for cash, and some with sackfuls of large bills they are unable to spend or deposit. Others have found inventive ways to get around the shortage. […]
By Kirstin Ridley | LONDON LONDON Three former Barclays (BARC.L) traders jailed for manipulating Libor benchmark interest rates after a London trial have been denied a request to appeal against their conviction and sentence, the wife of one said on Friday. Julie Pabon said her husband, Alex, and former colleagues Jay Merchant and Jonathan Mathew were recently notified that their requests had been rejected by the Court […]
Quite aside from the head-spinning speeds that Formula One cars reach around the Yas Marina Circuit, the numbers behind staging the Abu Dhabi Grand Prix are staggering. More than 500 tonnes of team equipment has been flown into Abu Dhabi from the previous round in Brazil; a total of 8,550 litres of paint are used to get the track up to scratch; 30 hectares of landscape grass […]
By Marc Frank | HAVANA HAVANA Fidel Castro, the Cuban revolutionary leader who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday, his younger brother announced to the nation. He was 90. A towering figure of the second half of the 20th Century, Castro had been in poor health since an intestinal […]
Updated Nov. 26, 2016 2:23 a.m. ET Fidel Castro burst on the world scene in 1959, spawning the very image of a revolutionary with his scruffy beard, rifle and cigar, ruling Cuba for a half-century while rankling 11 U.S. presidents and helping bring the world to the brink of nuclear war. Mr. Castro, who was suffering from undisclosed illnesses, died at 90 years old, his brother, President […]
“This step will strengthen the hands of the common man in the fight against corruption, black money and fake currency.” —Indian Prime Minister Narendra Modi. For the first time, Indian patriot and defender of the common man, Narendra Modi, appears to be in over his head. Practically, the unintended (?) consequences are nothing short of a crushing blow to those his efforts are said to protect. The […]
Updated Nov. 25, 2016 8:52 p.m. ET The most valuable U.S. financial-technology startup is extending its lead. Stripe Inc., whose software is used by businesses to accept and track digital payments, will be valued at $9.2 billion in a new funding round that is being completed, the company said. That valuation, which includes roughly $150 million in new cash being raised, nearly doubles the privately held company’s […]
