By Dan Freed and Ross Kerber | PONTE VEDRA BEACH, Fla. PONTE VEDRA BEACH, Fla. Wells Fargo & Co’s (WFC.N) annual meeting turned raucous when it was repeatedly interrupted by angry shareholders on Tuesday as the bank’s chairman and chief executive tried to calm nerves ahead of a vote that could oust the majority of its board. At least one shareholder was removed and the meeting went […]
Tuesday 12:30 BST What you need to know ● Stock markets extend rally on French election relief● Euro adds to gains as Paris’ bond yields steady ● Havens attract sellers, pushing down gold, the yen and Bund prices● Traders eye Nasdaq 6,000 as company earnings slip into fast gear● Brent crude prices higher as base metals firm——————- Hot topic The relief over the French election, which boosted […]
After yesterday’s violent gap up in stocks across the globe in response to the “expected” outcome from the French election, today the risk on sentiment has continued if to a lesser extent, with stocks in Europe, Asia all rising while S&P futures point to a higher open. Yen, gold decline, while the euro traded as high as 1.09 this morning before fading some gains; oil is up […]
25 April 2017 Dubai, UAE – Emirates Integrated Telecommunications Company PJSC (“du”) today published its financial results for the first quarter of 2017 showing a 2.5% rise in revenue to AED 3.17 billion. Net Profit before royalty decreased by 16.7% to AED 851.2 million, compared with Q1 2016 Advertisement (AED Millions) First Quarter Analysis Q1 2016 Q1 2017 % change Revenue (AEDm) 3,089.6 3,166.4 2.5% […]
As prototypes and schematics of Apple’s upcoming premium smartphone, the iPhone 8, leak through various online channels, one of the biggest questions surrounding the device is its release date. There have been rumors that the iPhone 8 will see a significant delay of one month or two months, compared to the regular release schedule of Apple. A new note by famed Apple insider, KGI analyst Ming-Chi Kuo, corroborates […]
We’re on the cusp of yet another blistering UAE summer, and soon it will be too hot and humid to even consider venturing outside any more than is absolutely necessary. Even trips to the beach cease once the sand becomes so hot as to burn the soles of your feet. Making the most of these last few weeks of favourable weather is crucial, therefore, for our sanity […]
Saudi Arabia is about to cast off its oil-dependence, build brand-new industries and open its economy to foreign investment, according to the government. That might make it a good time to buy into a Saudi bank. And substantial stakes in two of them are up for sale. But in both cases, it’s international lenders who are seeking to get out – and there are no big-name global […]
The Supreme Court of Pakistan has delivered its judgement in the Panama Papers case. What’s next? By Waris Husain for The Diplomat April 25, 2017 In a much anticipated decision, the Supreme Court of Pakistan has delivered its judgement in the Panama Papers case of corruption against Prime Minister Nawaz Sharif. Rather than delivering a final judgement, the Court called for the creation of a joint investigation […]
· Emaar Hospitality Group, which marks its tenth year in operation, now has 26 upcoming projects · Showcases its portfolio of 10 operational hotels and three serviced residences, and other new properties at the premier travel, tourism and hospitality event 24 April 2017 Dubai, UAE – Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties, today unveiled six new hotel projects as part of […]
Technion researchers have a developed safe and efficient way to produce hydrogen on board a plane in flight. Using aluminum particles and (fresh or waste), the technology could one day help meet in-flight energy needs on commercial aircraft. (via WSJ)
By Brian Ellsworth and Carlos Garcia Rawlins | CARACAS CARACAS Venezuelans erected barricades with garbage and even bathtubs on Monday and snarled traffic with mass “sit-ins” along major thoroughfares to press their demand for early elections as anti-government protests entered a fourth week. Ten people have been killed during near daily clashes this month between security forces armed with rubber bullets and tear gas and protesters sometimes […]
DUBAI: The chief of Qatar Airways on Monday accused American carriers complaining over alleged subsidies to Gulf airlines of “bullying,” as he announced new US routes in defiance of mounting airport restrictions.US carriers Delta, United and American Airlines have accused Qatar Airways along with Dubai’s Emirates and Abu Dhabi’s Etihad of benefitting from government subsidies to expand their transcontinental networks.They have urged US President Donald Trump to […]
InterContinental Hotels Group announces new signings as well as openings across its MEA brand portfolio at the UAE’s Arabian Travel Market and Arabian Hotel Investment Conference 24 April 2017 Dubai, United Arab Emirates – InterContinental Hotels Group® (IHG), one of the world’s leading global hotel companies, announced four new hotel signings as well as six new hotel openings across the GCC in 2017 at the Arabian Travel […]
File Photo Uber has denied any wrongdoing following reports that the mobile devices of former users were tracked even after the Uber app was deleted. Uber has had more than a share of criticism of late. Uber CEO Travis Kalanick was recently caught engaged in a shouting match with one of his drivers, allegations of a toxic and sexist corporate environment have been made by a former […]
Investigators said Levashov was believed to have been “carrying out this type of (hacking) activity for more than 10 years, earning huge profits” US authorities moved Monday to take down a global computer botnet behind the massive theft of personal data and unwanted spam emails, as Spain arrested the notorious Russian hacker who operated it. US authorities say the Russian, Piotr or Peter Levashov, had operated the […]
The Central General Secretary of Awami National Party Mian Iftikhar Hussain says his party fully respects the verdict of the Supreme Court in Panama Papers case. Addressing a public meeting at Lachi near Kohat, he asked all political parties to honour decision of the Supreme Court. Mian Iftikhar Hussain also demanded stern action against those involved in the killing of Mashal Khan, […]
24 April 2017 Dubai – Commercial Bank International (CBI or ‘The Bank’) today announced its financial results for the first quarter (Q1) 2017. Financial highlights – three-months ended 31 March 2017: · Operating Income increased by 9% to AED 203 million versus AED 187 million in Q1 2016. · Net profit of AED 21 million. Advertisement · Net interest income increased by 10% to AED 126 million […]
By Ben Blanchard and Ju-min Park | BEIJING/SEOUL BEIJING/SEOUL Chinese President Xi Jinping called for all sides to exercise restraint on Monday in a call with U.S. President Donald Trump, as a nervous South Korea and Japan sought to join drills with a U.S. aircraft carrier strike group headed for Korean waters. Reclusive North Korea said at the weekend it was ready to sink the U.S. aircraft […]
Dubai’s transport authority has revealed details of a major expansion of the city’s public bus network. The Public Transport Agency of the Roads and Transport Authority (RTA) opened 11 new bus routes including 10 metro feeder services, and improved 13 other routes starting from last Saturday. “The move is intended to bring more happiness to public transport users in general and bus riders in particular. It also […]
Many grieving relatives were incensed that the government had minimized the sacrifices of the victims, ordering officials to stay quiet or hide the extent of the fatalities, which have dribbled out over the past three days. Continue reading the main story The government is highly sensitive to the casualty count in the military and has sought to suppress information about such figures. But it is widely known […]
SK Hynix has developed an 8 Gigabit (Gb) GDDR6 DRAM that can process up to 768 Gigabytes (GB) of graphics data per second, the company announced. The product operates with an I/O data rate of 16Gb per second per pin, two times faster than GDDR5, its predecessor. Together with a forthcoming high-ends graphics card of 384-bit I/Os, the DRAM will process 768GB of graphic data per second. […]
The euro surged in early Asian trading after Emmanuel Macron, investors’ preferred candidate, appeared on track to make it through to the final round of the French presidential election, which opinion polls suggest he will win. Mr Macron, who supports open markets and France staying in the EU, won 23.7 per cent of the vote in the first round vote on Sunday, according to three estimates for […]
A prominent Maldivian blogger, who was critical of Islamist extremism and government corruption, was stabbed to death on Sunday, police said, and the main opposition party demanded an international probe into the killing. Social media activist Yameen Rasheed was stabbed 14 times in the chest and once each in the neck and face, local media reported. “He was stabbed to death early in the morning and we […]
WASHINGTON President Donald Trump said on Sunday he expected Mexico to pay for the wall he has promised to build along the southern border, resuscitating a campaign promise that roiled U.S. relations with Mexico in the first week of his presidency. “Eventually, but at a later date so we can get started early, Mexico will be paying, in some form, for the badly needed border wall,” Trump […]
