The Indian government issued an ordinance at the end of last week laying out some new powers for the Reserve Bank of India, powers which are aimed at chipping away at the country’s mammoth and thoroughly discussed bad loan problem. Here’s CreditSights with a brief explanation: In essence, two additional sections 35AA and 35AB were introduced into the Banking Regulation Act. 35AA will allow the government […]
By Girish Gupta and Christian Veron | CARACAS CARACAS Venezuela’s opposition protests on Wednesday may be the messiest in a six-week wave of unrest as demonstrators prepare to throw faeces at security forces, adding to the customary rocks, petrol bombs and tear gas. The new tactic has been dubbed the “Poopootov” in a play on the Molotov cocktail often seen at streets protests in Venezuela. “They have […]
By Sue-Lin Wong | HUNCHUN, China HUNCHUN, China In August, 2014, planners in the northeastern Chinese city of Hunchun argued in state media that it should be included in the “One Belt, One Road” project, Beijing’s vision laid out the previous year of a new Silk Road across Asia to Europe. In 2015, the official Xinhua news agency ran stories about how Hunchun was accelerating its “OBOR” […]
Credit: CC0 Public Domain Investing in new ways of utility-scale electricity storage and capturing carbon to store underground should be a priority for governments aiming to meet the greenhouse gas and ‘green energy’ targets set out in the Paris Agreement despite shrinking research and development budgets, suggests a new paper published today in Nature Energy. Researchers analyzed a range of studies and expert reports on public energy […]
By Benjamin Weir | SYDNEY SYDNEY Qantas Airways Ltd Chief Executive Alan Joyce proved he was no cream puff on Tuesday, keeping his cool after a man smeared a cream pie in his face during a business breakfast in Australia’s west. Joyce, the head of Australia’s flag carrier, was speaking at the event in Perth, capital of Western Australia state, when a man in a business suit […]
By Christine Kim and Jane Chung | SEOUL SEOUL South Koreans flocked to polling stations to elect a new leader on Tuesday, with a high turnout suggesting voters are eager to move on from a corruption scandal that brought down the former president and shook the political and business elite. Unless there is a major upset, liberal Moon Jae-in – who calls for a moderate approach on […]
A chemistry professor created a plutonium compound that behaves much more like lighter elements, giving scientists new information about how this element works. (via WSJ)
By Venus Wu and Stefanie McIntyre | HONG KONG HONG KONG A former senior Hong Kong official and a billionaire property tycoon arrived in court on Tuesday to appeal against a corruption charge more than two years after they were jailed in one of the city’s most high profile corruption cases. Rafael Hui, who headed the Hong Kong government civil service from 2005 to 2007, was sentenced […]
Malaysia’s police chief says the country’s top Islamic State operative has been killed in an attack in Syria last month. Muhammad Wanndy Mohamed Jedi, 26, is believed to have been responsible for a grenade blast at a bar in a suburb outside Kuala Lumpur last June that injured eight people. It was the first attack in the country by the Islamic State militant group. Inspector General of […]
By Muyu Xu and Ryan Woo | BEIJING BEIJING The Chinese capital is sanitizing its ancient hutong alleyways, home to millions of migrants workers and thousands of small businesses, bulldozing illegal constructions and forcing shops, bars and tiny courtyard restaurants to relocate or go under. As part of guidelines unveiled in April, authorities have started to brick in doors of properties along the narrow passageways, many of […]
Roma Trivedi’s earliest memory of giving something back to the community is of when, as a 3-year-old, she accompanied her mother to an old-folks home in the United States, where she would sing and dance for the elderly. Since then, she has associated charity with joy and fun. When she was 8, she set up the Hope programme at her school in Philadelphia, which provided lunch for […]
ABU DHABI // Bangladeshis are calling for an end to the visa ban on their citizens, as it leaves them with few job opportunities and makes them vulnerable to abuse from employers. There has been a ban on any new visas being issued to Bangladeshis since 2012 because of the high crime rate among their compatriots. Professionals claim they are being forced to pay for visa renewals […]
WASHINGTON U.S. Environmental Protection Agency chief Scott Pruitt has recused himself from several court cases that he pursued against the agency when he was Oklahoma attorney general, according to a recusal statement. Pruitt, who had sued the environmental agency more than a dozen times when he was the oil- and gas-producing state’s top legal officer, had pledged during his Senate confirmation that he would step aside from […]
ABU DHABI // The school where a girl died after being locked in a bus will be permanently closed, a court has confirmed. The closure of Al Worood Academy Private School was confirmed by the Abu Dhabi Court of Cassation on Saturday. Abu Dhabi Education Council decided to close Al Worood after the death of Nizaha Aalaa, 3, an Indian girl who was locked inside a school […]
This post is a fictionalised thought experiment. YOU and YOU ALONE are in charge of what happens in this story. There are trade-offs, choices, and consequences. YOU must use all of your B.S.D. talents and much of your intelligence. Good luck. So… You’re the head of a trading desk, and you’ve felt a bit frustrated of late. Your desk trades government securities issued by the world’s largest […]
By Jonathan Stempel | OMAHA, Neb. OMAHA, Neb. Warren Buffett on Saturday faulted Wells Fargo & Co’s (WFC.N) previous management for failing to take action immediately upon learning that its employees were signing up customers for bogus accounts, causing a national scandal. Buffett spoke at the annual meeting of Berkshire Hathaway Inc (BRKa.N), which he chairs, and where he and Vice Chairman Charlie Munger are fielding five […]
Image: Sarah Tew/CNET After three years of hard work and very little in the way of system maintenance, my MacBook Pro was starting to feel tired. But all it took to bring a spring back into its step was 20 minutes and MacPaw’s CleanMyMac 3. Must read: iPhone 8: Here’s what we think we know about Apple’s 10th-anniversary iPhone I’m normally wary of “system cleanup utilities” because, […]
Iceland says its geothermal power station at Reykjanes can produce clean energy independent from fossil fuels by generating electricity from the heat stored inside the earth It’s named after a Nordic god and drills deep into the heart of a volcano: “Thor” is a rig that symbolises Iceland’s leading-edge efforts to produce powerful clean energy. If successful, the experimental project could produce up to 10 times more […]
The UAE is no longer a country that anticipates the future, but one where the future is shaped through relentless effort. Expo 2020 Dubai is a unique and unprecedented experience in the history of the event, as it focuses on a global audience and uses nothing but renewable energy. Global talents leave numerous opportunities in Europe and the US and look, instead, to the UAE […]
ENEC completes handover of Unit 1 systems to KHNP for commissioning, marking end of initial construction activities for the first of four units of the Barakah Project KHNP will lead the commissioning work of the first UAE-based APR-1400, as part of the scope of the 2009 Prime Contract Federal regulatory approval from FANR, in addition to international nuclear assessments from IAEA and WANO, will be […]
People touch specially woven Project Jacquard fabric being used in new ‘smart’ Levi denim jackets A young man in a white t-shirt pulls on a dark blue denim trucker jacket, tucks his smartphone in an inside pocket and puts in-ear headphones in his right ear. He mounts a fixed-gear bike with flat, slightly curved wide handlebars. Riding through the streets of San Francisco, he occasionally taps or […]
TEMPO.CO, Jakarta – President Joko Widodo (Jokowi) today met with four leaders of the Corruption Eradication Commission (KPK) at the State Palace. “The KPK chief had requested [the meeting]; I apologize that it has only been held now,” Jokowi said in his opening speech at the meeting. The KPK chief Agus Rahardjo attended the meeting alongside other leaders Alexander Marwata, Saut Situmorang and Basaria Panjaitan. Jokowi was […]
Saudi Arabia is seeking foreign investment in its healthcare industry as it plans to turn hundreds of government-owned hospitals and thousands of primary care centres into better-run corporations, Health Minister Tawfig Al-Rabiah said. Nearly 80 percent of health care in Saudi Arabia is provided by the government, Al-Rabiah said in an interview in Boston. But the kingdom “is trying to move the private sector to invest more,” […]
How do best performing companies and leaders deliver value with a vision and foundation for success? SAP works with some of the best companies and CEOs across the region in helping them achieve transformation through innovation and technology. This new CEO Innovation Series, supported by SAP will share and tell the best stories of achievement and feature top leaders on how they continue to lead by example. […]
