By Tife Owolabi | YENAGOA, Nigeria YENAGOA, Nigeria At least six Nigerian soldiers have been killed in new military campaign against militants in the country’s restive Niger Delta oil hub, security officials said on Friday. The southern swampland has been largely quiet since the start of the year because militants halted attacks against oil pipelines to give the government a chance to conduct peace talks. But in […]
Google’s autosuggest feature lets you know, sometimes with spooky accuracy, what other people are looking for when conducting queries similar to yours. So, with Google’s help, we provide answers to a few of the most popular searches about Android. Can you use iTunes and FaceTime on Android? I combined these two Android-related questions, which are both at the top of Google’s auto-suggested list, based on their common […]
By James Pearson and Ju-min Park | SEOUL SEOUL In February 2016, Yoo Chang-geun and around 120 other South Korean businessmen frantically pulled their staff out of the Kaesong Industrial Zone, jointly run with North Korea. Seoul had ordered it closed after Pyongyang defied international warnings and tested a long-range rocket. Now, with South Koreans in next week’s presidential election almost certain to elect liberal Moon Jae-in, […]
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 […]
“Something is off,” warns RBC’s head of cross-asset strategy Charlie McElligott in the introduction to his latest market noting that the swing in US fiscal policy optimism is coming at a critical time as the China’s liquidity tightening is spooking the reflation story. SUMMARY: Movement on US fiscal policy is currently driving US rates and equities higher, counteracting the tremendous negative implications of this ‘Chinese tightening / […]
By Saikat Chatterjee | HONG KONG HONG KONG Asian stocks declined for a third consecutive day on Friday as fresh falls in commodities raised concerns about the health of the global economy, though the euro bucked the broad weakness on receding concerns about France’s presidential election. Chinese stocks led regional losers, falling to a three-month low as concerns about tighter financial regulations weighed on banking shares while […]
DUBAI // Judge Ayman Abdul Hakam must be one of the busiest men in his profession. Few judges would be able to say that they have settled 6,000 cases in just over seven weeks, but that’s exactly what Judge Hakam has achieved since the launch of the One Day Court in Dubai in March. Set up under the directive of Sheikh Mohammed bin Rashid, Vice President and […]
Spotify and a host of European internet businesses have called on Brussels to crack down on what they see as troubling practices by the likes of Apple and Google. Big internet platforms “can and do abuse their privileged position”, according to a letter signed by the chief executives of Spotify, music streaming rival Deezer and German start-up investor Rocket Internet among others. Although the letter to the […]
Throw them into the bay, or throw them into jail? Those were two possible replies to a poll set up by a user on Twitter. He wanted to know how to deal with “treacherous journalists” – the journalists in question were reporters working for the Panamanian daily newspaper La Prensa. The paper’s newsroom lies just 7.2 miles away from the offices of Mossack Fonseca, the law firm […]
Berkshire Hathaway’s (BRKa.N) Warren Buffett has sold “a reasonable amount” of his stake in International Business Machines Corp (IBM.N) after the stock crossed $180, CNBC reported. IBM’s stock touched $180 on Feb 14 and reached a high of $182.78 during Feb. 16 trading. It closed on Thursday at $159.05 on the New York Stock Exchange. Berkshire Hathaway and IBM could not be reached for comment outside regular […]
Jeff Immelt, the GE chairman and chief executive, has called for Donald Trump to keep the US in the Paris climate accord, weighing into a debate inside the new administration over a campaign promise to withdraw from the landmark agreement. “We are for staying in the treaty. I think global engagement is a good thing,” Mr Immelt told a Washington audience on Thursday. The business community “has […]
DP World and National Investment and Infrastructure Fund (NIIF) to back future infrastructure projects DP World and National Investment and Infrastructure Fund (NIIF) to back future infrastructure projects New Delhi, India, 4 May, 2017 Global trade enabler DP World and the National Investment and Infrastructure Fund (NIIF) have signed a Memorandum of Understanding (MoU) to develop the logistics sector in India. The agreement comes as a result […]
By David Brunnstrom | WASHINGTON WASHINGTON U.S. Secretary of State Rex Tillerson met Southeast Asian foreign ministers on Thursday to seek their support in pressing North Korea to give up its nuclear and missile programs. Tillerson’s first meeting with all members of the 10-nation Association of Southeast Asian Nations will also address another pressing regional issue – China’s assertive pursuit of territory in the South China Sea, […]
Royal Dutch Shell on Thursday rounded off the strongest set of quarterly results from “big oil” for over two years, even as a fresh slide in crude prices raised doubts over the sustainability of recovery from one of the deepest downturns in industry history. Earnings from the Anglo-Dutch group in the first three months of this year more than doubled from the same period of 2016. This […]
Authored by 720Global’s Michael Lebowitz via RealInvestmentAdvice.com, “History has not dealt kindly with the aftermath of protracted periods of low risk premiums” – Alan Greenspan The ability to see beyond the observable and the probable is the most important and under-appreciated characteristic of successful investors. For example, visualize a single domino standing upright. With this limited perspective, one can establish what the domino is doing in the […]
ATHENS A Greek court on Thursday blocked a second extradition request by Turkey for the final two soldiers among a group of eight who fled to Greece following a failed coup attempt last year, drawing an angry rebuke from Ankara. The drawn-out case has highlighted often strained relations between Greece and Turkey, NATO allies which remain at odds over issues from territorial disputes to ethnically-split Cyprus. Turkey […]
Prime Minister of Malta Joseph Muscat | Ben Pruchnie/Getty Images MEPs want to speak to Joseph Muscat during run-up to national election. By Harry Cooper 5/4/17, 3:44 PM CET Updated 5/4/17, 3:54 PM CET Joseph Muscat, Malta’s embattled prime minister, has been summoned to address the European Parliament’s committee on the Panama Papers scandal on May 18, weeks before the country goes to the polls for a snap […]
Microsoft looks ready to widen its Cortana Skills Kit availability as of next week, simultaneous with its Build 2017 developer conference in Seattle. Microsoft has published its schedule and session descriptions for many of its Build 2017 talks via its official Build schedule builder mobile application. (I downloaded a version from the Google Play Store today for my Android phone.) The session list includes several Cortana Skills […]
As noted earlier, while European stocks and US equity markets have ignored the commodity crash in China, which in addition to iron ore plunging limit down, also saw rubber tumble 7% lower, and steel rebar, coke, coking coal plunge over 6% … … Axiom’s Gordon Johnson warns (as we did a month ago) that the worst is yet to come, and in fact, the “backdrop of […]
11:00 am Suppose we could be brave, Bryce, and go with a pic of Jeffery Lacker as our portrait for today 11:01 am Well, he stepped down from the Richmond Fed after fessing up to helping a colleague at a sister publication — Medley — on a story 11:02 am 11:03 am I could give you a rival’s analysis of the story 11:03 am It’s not the […]
Freight volumes of Middle East carriers increased by more than 16 percent in March on a year-on-year basis, according to new figures released by the International Air Transport Association (IATA). IATA said that while capacity increased 2.7 percent, international freight volumes increased 16.4 percent year-on-year in March – the fastest pace since June 2015. Seasonally-adjusted freight volumes maintained their upward trend as the year-on-year growth rate recovered […]
By Jeff Mason and Matt Spetalnick | WASHINGTON WASHINGTON President Donald Trump vowed on Wednesday to do “whatever is necessary” to broker peace between Israel and the Palestinians as he hosted Palestinian President Mahmoud Abbas at the White House, but offered no sign of how he could revive long-stalled negotiations. In their first face-to-face meeting, Trump pressed Abbas and other Palestinian leaders to “speak in a unified […]
T-Mobile just announced its plans for a true nationwide 5G network, not long after AT&T announced that it would roll out its 5G Evolution Network to 20 U.S. cities by the end of this year. In particular, T-Mobile was sternly disparaging AT&T, with CEO John Legere calling its 5G Evolution “bull****” in a vlog published on Tuesday, May 2. T-Mobile emphasized that its 5G network will leverage its […]
Sign up to receive FirstFT by email here The Federal Reserve said it believed the recent slowdown in US growth was likely to prove temporary as it stayed on course for a further increase in short-term interest rates as soon as June. The US central bank kept its target range for the federal funds rate at 0.75 per cent to 1 per cent following its latest two-day meeting. In […]
