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The founders of Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, were arrested in Panama City on Thursday as the country’s attorney general launched a probe into their alleged connections with Brazil’s sprawling Lava Jato corruption scandal. Juergen Mossack and his colleague Ramon Fonseca, a former adviser to Panama’s president Juan Carlos Varela, were taken into custody and transferred to police cells […]

“Sometimes you need to receive large files as direct email attachments,” says Google. Image: iStock Thanks to cloud file-sharing services like Google Drive, Microsoft’s One Drive, and Dropbox, it’s easy to share files via email of pretty much any size. Still, there might be an occasion when someone else wants to send you a massive file directly to your Gmail account. Starting this week, Google will help […]

March 2, 2017 by: Nic Fildes, Telecoms Correspondent Deutsche Telekom has taken a €2.2bn charge on its investment in BT, pushing the German group to a fourth-quarter loss in 2016. Europe’s largest telecoms company blamed the Brexit vote, a decline in the value of sterling and the collapse in BT’s share price for the write-off. It holds a 12 per cent stake in BT which has been […]

Photo King Salman of Saudi Arabia, center, arriving at the presidential palace in Bogor, Indonesia, on Wednesday. Credit Achmad Ibrahim/Agence France-Presse — Getty Images LONDON — You could call it bling diplomacy. As part of a monthlong tour in Asia to promote economic ties, King Salman of Saudi Arabia arrived in Indonesia on Wednesday to great fanfare, accompanied, the news media said, by a retinue with a […]

CK Chow struck a cautious note at the start of the week when revealing the Hong Kong Exchange’s annual results. With average daily turnover down 37 per cent, the exchange chairman’s wariness was understandable as he talked of a “challenging” outlook and volatile markets. Yet such caution is out of step with the mood in the market. Hong Kong’s blue-chip Hang Seng index and the Hang Seng […]

On Wednesday, Jean-Claude Juncker’s European Commission released a “White Paper On the Future Of Europe” which comes at a time of extensive tensions with the departing UK, and which lays out what Juncker believe are the “main challenges and opportunities for Europe inthe coming decade.” It presents five scenarios for how the Union couldevolve by 2025 depending on how it chooses to respond. The paper comes as […]

By John Ruwitch | SHANGHAI SHANGHAI The fortunes of the richest 100 members of China’s parliament and its advisory body – all dollar billionaires – grew about 64 percent in the four years since Xi Jinping rose to power, according to data from an organisation tracking wealth in China. Xi has overseen a crackdown on corruption and decadence, and made the fight against poverty a top priority […]

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Snap Inc, the parent company of photo-sharing app Snapchat, announced on Wednesday evening that 200 million shares would be sold for $17 a piece when it starts trading on the New York Stock Exchange (NYSE) on Thursday under the ticker symbol SNAP. The social media giant will sell 145 million of those shares — allowing it to raise more than $2.4 billion — while executives and early […]

This Sept. 6, 2012, file photo, shows the Amazon logo in Santa Monica, Calif. Amazon’s cloud-computing service Amazon Web Services experienced problems in its eastern U.S. region, Tuesday, Feb. 28, 2017, causing widespread problems for thousands of websites and apps. (AP Photo/Reed Saxon, File) Usually people don’t notice the “cloud”—unless, that is, it turns into a massive storm. Which was the case Tuesday when Amazon’s huge cloud-computing […]

BAGHDAD A number of civilians and Islamic State members were killed in an attack that hit a mosque run by the militants and damaged neighbouring houses in the west of the Iraqi city of Mosul on Wednesday, three residents said on Thursday. The Omar al-Aswad mosque, in the al-Faruq district of the old city centre, was hit by an airstrike, three residents in the same area told […]

Yahoo CEO Marissa Mayer says that she wants her annual bonus and equity stock grant redistributed to employees, following the security breaches that happened in 2013 and 2014 but came to light only in 2016. In a Tumblr post, the executive made the announcement, saying that she’s holding herself accountable for the 2014 hack, which occurred during her term. “I am the CEO of the company and […]

Education, rather than exposure to immigrants, is emerging as the clearest nationwide indicator of the likelihood of Dutch voters supporting Geert Wilders’ anti-immigration Party for Freedom, according to an extensive Financial Times survey of demographic and voting data from the most recent general election. Mr Wilders’ Party for Freedom (PVV) looks on course to win the most seats in the upcoming election on March 15, but is […]

The raid is a delicate issue in the Trump administration because the president authorized it five days into office, over dinner at the White House with Mr. Mattis and several other senior officials. But in an interview with “Fox & Friends” on Tuesday, Mr. Trump seemed to distance himself from the operation, saying that responsibility for the decision to go forward rested with his generals. “This was […]

The Bank of Japan published detailed schedules of planned asset purchases for the first time on Tuesday as it seeks to prove its commitment to a zero per cent cap on 10-year government bond yields. Japan’s central bank said it will buy a minimum of ¥1.375tn and a maximum of ¥2.175tn of government bonds during March, giving a series of dates and estimated sizes for its planned […]

The federal government has announced that the Australian Signals Directorate (ASD) will be receiving critical infrastructure upgrades at two of its national security facilities in Canberra. The AU$75 million upgrades to the intelligence agency will be funded under the Defence Integrated Investment Program, Minister for Defence Personnel Dan Tehan said on Thursday. “The ASD is essential to Australia’s national security and these improvements will help keep Australians […]

SEOUL Isolated North Korea is developing sophisticated tools to digitally spy on its citizens, who are increasingly using mobile devices to connect to each other, a U.S. government-funded report released on Wednesday says. The report, “Compromising Connectivity”, says North Korea has allowed the growing use of mobile phones and domestic internet access in return for the detailed information the network feeds Pyongyang’s surveillance state. “By giving citizens […]

Social media conversation about ride-hailing app Uber is on the decline in the Middle East, while its local competitor Careem is gaining pace, according to a new report. US-based Crimson Hexagon, a social media analytics company, on Wednesday said in its “The Middle East Consumer Trends” report that Careem is gaining traction over Uber because it is perceived as a “local” brand as regional consumers now prefer […]

Republica de Panama a former Spanish settlement is sandwiched between the Caribbean Sea and the Pacific Ocean. The landscape offers an amazing opportunity for tourism and tax-free zone offers to set up offshore companies; the choice between both is up to you. In other words, you will be in Panama for blonde or for pelf. A German newspaper Suddeutsche Zeitung obtained the records of some staggering 11.5 million […]

/By Arabian Post Staff/ The success of DIFC and DMCC  has inspired a US-based group to recreate the model in the western hemisphere. The C-MCC Development Group LLC,  a US-based development group, announced that it will establish the C-MCC Worldwide Free Trade Zone on Curacao island,  patterned after the successful Dubai Multi Commodities Centre (DMCC) and the Dubai International Financial Centre (DIFC) located in the United Arab […]

Israeli telecommunications company Mobilicom is looking to raise AU$7.5 via an initial public offering (IPO), according to a prospectus lodged with the Australian Securities and Investments Commission on March 1. Mobilicom, which provides private wireless networks for mobile platforms and users without the need for infrastructure such as satellites or towers, will issue 37.5 million shares at 20 cents a share, giving it an estimated market capitalisation […]

TOKYO Asian shares rose on Thursday as investors were encouraged by President Donald Trump’s measured tone in his first speech to Congress, which sent Wall Street stocks sharply higher, while growing bets on a U.S. rate hike this month buoyed the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent, led by rebound in Australian shares . Japan’s Nikkei .N225 rose 1.3 percent […]

Spotify appears to be testing a new subscription tier that offers Hi-Fi lossless CD-quality audio playback for an added price on top of the regular monthly subscription fee. Spotify Is Testing A New Lossless Audio Streaming Plan A tweet on Wednesday showcased the Spotify page showing the potential option, called “Spotify Hi-Fi,” which apart from streaming high-quality audio also includes limited edition vinyl discounts, with a free vinyl […]

Cheung Kong Infrastructure and Fosun International are among several Asian groups that have submitted bids for Q-Park, one of Europe’s largest parking lot operators, in a deal that could fetch more than $2.4bn. China Oceanwide, a Beijing-based conglomerate owned by a billionaire banking magnate, and Shougang Group, a state-owned Chinese steel company, also joined the first round of bidding on the Netherlands-based parking group, two people familiar […]

In 2011, the Kabul foreign press corps numbered 85, by the reckoning of Dominic Medley, who has worked here for many years as a press officer for NATO, the American military and the United Nations. The American military was surging, reaching more than 100,000 troops by 2012. The press surged as well, with regular visitors in addition to the resident press corps, plus dozens of reporters going […]

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