A UN forum held in Riyadh last week amounted to a “slap in the face” for Saudis jailed in a country which does not allow independent NGOs, a rights group said Monday. Adam Coogle, Middle East researcher for Human Rights Watch (HRW), was commenting on a two-day UNESCO NGO Forum staged in the Saudi capital. “To host a prestigious NGO event in Saudi Arabia is a slap […]
Moon Jae-in has triumphed in the South Korean presidential election with over 40 percent of the vote, according to exit polls. But the liberal leader’s solid victory can’t patch over deeper political wounds. Just as the United Kingdom’s vote to leave the European Union left British society divided and Donald Trump’s election polarized Americans, the impeachment of Park Geun-hye has split South Korea. While more than 75 […]
A federal appeals court on Tuesday said the U.S. government did not commit an “illegal exaction” harming American International Group Inc (AIG.N) shareholders led by former Chief Executive Maurice “Hank” Greenberg when it bailed out the insurer in 2008. The Federal Circuit Court of Appeals in Washington, D.C. also said Greenberg’s Starr International Co did not have legal standing to pursue claims over the government’s acquisition of […]
The news has been abuzz lately with a forex (foreign exchange market) investment company based in Penang. The company has around 400,000 investors/members, and they have all not received their promised dividends recently. Worse still, they were all denied access when they tried to log into their accounts on the website. Even when they tried going to the offices, they could not get answers because the offices were CLOSED!!! […]
DUBAI // Three Jordanians and a Tunisian are accused of changing the chassis numbers of three luxury rented vehicles in a bid to ship them overseas. Dubai Criminal Court heard on Tuesday that they allegedly altered the VIN, or chassis number, on a 2016 Nissan Patrol, a 2016 Lexus and a 2015 Mercedes, as well as used forged documents as they tried to ship the cars abroad. […]
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi Deputy Supreme Commander of the Armed Forces, inspects a Dh 12 billion worth plan to develop the southern part of Yas Island, from Miral Asset Management Organisation, during a Sea Palace barza. Seen with Mohammed Al Mubarak, Chairman of Abu Dhabi Tourism and Culture Authority (2nd L), Noura Al Kaabi, Minister of State for Federal National Council Affairs, […]
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 […]
BOSTON When the Masjid Al-Kareem mosque in Providence, Rhode Island, received a threatening letter in November calling Muslims a “vile and filthy people,” its members were frightened enough they asked for and got extra police protection. The 42-year-old mosque was far from alone. The letter it received was one of 2,213 anti-Muslim bias incidents in the United States last year, according to a report released Tuesday by […]
JAKARTA An Indonesian court is expected to decide on Tuesday whether Jakarta’s Christian governor is guilty of blasphemy against Islam, in a trial that is widely seen as a test of religious tolerance in the world’s largest Muslim-majority nation. The government has been criticised for not doing enough to protect religious minorities but President Joko Widodo, a key ally of Jakarta Governor Basuki Tjahaja Purnama, has urged […]
Yas Bay will include a “dynamic pier” for recreational activities and a promenade with more than 50 cafes and restaurants, 20 retail outlets, two hotels and a beach club. Courtesy Miral Yas Bay Pier will be part of the Yas Bay district and will have many recreational possibilities, according to Miral. Courtesy Miral Miral describes Yas Arena as an epic centre of energy and entertainment. The multipurpose […]
While the hedge fund world finds itself in a time of crisis, with a “great rotation” of capital away from active management which continues to largely underperform the broader market, and toward cheaper, passive strategies, nothing could spoil the mood at one of the industry’s biggest events held today at the Lincoln Center, the 22nd annual Ira Sohn conference, where a dozen of the hedge fund industry’s […]
Start-up trading platform trueEX has filed a complaint against industry giant Markit, claiming the company, which provides post-trade services to derivatives users, engaged in anticompetitive conduct by terminating its relationship with the trading venue. TrueEX is one of the few new trading platforms to have gained traction with investors trading interest-rate swaps, challenging established players Bloomberg and Tradeweb. Markit is the dominant provider of post-trade services, operating […]
By Tom Hals and Diane Bartz | WILMINGTON, Del./WASHINGTON WILMINGTON, Del./WASHINGTON Health insurer Anthem Inc (ANTM.N) asked a Delaware judge on Monday to give it more time to try to win approval for a merger with rival Cigna Corp (CI.N), which is seeking to end the deal and collect a $1.85 billion break-up fee. Anthem asked Vice Chancellor Travis Laster of Delaware’s Court of Chancery to grant […]
ABU DHABI // A new pier, arena and waterfront promenade with residential complexes and restaurants are part of a Dh12 billion development plan for Yas Island. Announced on Monday, the plan for the 14 million square foot area on the southern part of the island, near Yas Plaza and Yas Beach, includes the new home for twofour54, the media industry’s free zone that is currently located near […]
By Nadoun Coulibaly | OUAGADOUGOU OUAGADOUGOU A trial of Burkina Faso’s former leader Blaise Compaore and his cabinet began on Monday after delays, with the court dismissing calls from the defence to cancel the proceedings. Compaore, who fled during a popular revolt in 2014 as he sought to extend his 27-year-rule of the West African country, is being tried in absentia. The former Western ally currently resides […]
Robert Mercer, co-chief executive of the hedge fund Renaissance Technologies and one of Donald Trump’s biggest donors, has been sued by a former employee who says he was fired after he publicly criticised his boss’s support for the US president. David Magerman, a long-time research scientist at the fund who had helped it build computer algorithms that make investment decisions, was terminated after giving two newspaper interviews […]
By Arshad Mohammed | NEW YORK NEW YORK Former U.S. Secretary of State Condoleezza Rice said on Monday she would prefer that President Donald Trump not criticise judges and the media but that U.S. democratic institutions can withstand such comments. Speaking in an interview, Rice also described Trump as having a somewhat “transactional” view of foreign relations but she broadly endorsed his approach of seeking to enlist […]
Joint Investigation Team (JIT) of Panama case has started working formally today, reported Waqt News. The first meeting of JIT is underway in Judicial Academy, Islamabad. All six officials of the team are present in the academy and has started probe on 13 unanswered questions of Panama Leaks. The JIT was established by Supreme Court of Pakistan on April 20th. Six-member team will investigate Panama Leaks thoroughly […]
WASHINGTON President Donald Trump’s temporary travel ban on people entering the United States from six Muslim-majority countries faces its latest legal test on Monday before a federal appeals court in Virginia. The Richmond-based 4th U.S. Circuit Court of Appeals is scheduled to hear an hour of oral arguments in the Trump administration’s appeal of a March 16 ruling by Maryland-based federal judge Theodore Chuang. His decision blocked […]
ABU DHABI // Doctors hope that Eman El Aty will be able to sit upright in a chair within two months – the first time she has been able to move out of her bed in 12 years. The Egyptian, who weighed 500 kilograms in February this year, is being treated at VPS Burjeel Hospital after being flown from a hospital in India last week on a […]
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 […]
After nearly three years on the lam, Italian fugitive Giuseppe Donaldo Nicosia — whose lavish spending of allegedly stolen money was laid bare in the Panama Papers — has been arrested in Ukraine. Police in the Black Sea port of Odessa captured Nicosia on April 18, acting on a request from Italy’s financial police and Interpol, Italian prosecutors said in a statement. A video released by Ukraine’s […]
A MEMBER of the powerful Commission on Appointments (CA) on Sunday prodded Senate President Aquilino Pimentel 3rd to investigate President Rodrigo Duterte’s claim that the panel rejected the appointment of Regina Lopez as Environment Secretary because of “lobby money.” Rep. Josephine Ramirez-Sato of Occidental Mindoro said Pimentel, the chairman of the CA, should probe the bribery allegations against members of the appointments body and mete out appropriate […]
(Image: file photo via CBS News/CBS Interactive) The FBI spent $900,000 on a hack that allowed federal agents into the San Bernardino terrorist’s encrypted iPhone, according to a Democratic senator. Sen. Dianne Feinstein (D-CA) confirmed the figure this week during an open hearing. FBI director James Comey was testifying in regarding the agency’s work, the events in the run-up to the 2016 elections, and the upcoming reauthorization […]
