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Tens of millions of iPhone owners are ready to upgrade to 2017 iPhones, fueling the so-called iPhone “supercycle,” market research firm comScore reports. Apple has always enjoyed a loyal fan base and each new product iteration attracts many existing customers looking to upgrade to the latest and greatest. A new report from comScore now reveals that tens of millions of legacy iPhone owners are looking to upgrade […]

April 21, 2017 by: Anjli Raval, Oil and Gas Correspondent Oil was set for the biggest weekly drop in a month as market confidence in Opec’s ability to overpower a resurgent US shale industry wavered. US benchmark West Texas Intermediate fell below $50 a barrel on Friday — down $1.32 to $49.39 — by 6.45pm in London. The global Brent marker dropped $1.24 to $51.75 a barrel. […]

We in the media love nicknames for notorious people. Often, these names are associated with a place or thing that has a random connection, like The Boston Strangler, The Green River Killer or The San Bernardino Shooters. This time it’s “The Facebook killer,” the shorthand description for the actions of Steve Stephens, who killed an elderly Cleveland man at random, then posted the video to his Facebook […]

The Government Accountability Office, the watchdog arm of Congress, has sharply criticized CMS for its failure to ferret out overcharges and in April 2016 called for “fundamental improvements” in audits of Medicare Advantage plans. GAO also found that CMS has spent about $117 million on Medicare Advantage audits, but recouped just under $14 million overall. Medicare Advantage plans have been the target of at least a half-dozen whistleblower […]

By Eyanir Chinea and Efrain Otero | CARACAS CARACAS Eight people were electrocuted to death during a looting incident in Caracas, a firefighter said on Friday, amid violent protests against Venezuelan President Nicolas Maduro by opponents accusing him of seeking to create a dictatorship. The accident occurred when a group of looters broke into a bakery in the working class neighborhood of El Valle, according the firefighter, […]

Investor sentiment is leaning towards a market-friendly outcome ahead of Sunday’s first round of voting in the French presidential election. The euro was on course for its best week in three months near $1.07, while a key proxy of election risk, the premium demanded by investors to own French government bonds over German Bunds, has narrowed sharply. “The most likely outcome is for a second round run-off […]

LONDON Oil held near $53 a barrel on Friday, but was on course for its biggest weekly drop in a month due to doubts that an OPEC-led production cut will restore balance to an oversupplied market. Brent futures LCOc1 were at $53.01 a barrel at 1107 GMT, up 2 cents from their last close and set for a 5.15 percent weekly drop, their biggest fall since the […]

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As an ardent Brexiter, Simon Boyd did not support Theresa May to be prime minister. After all, she not only sat out the UK’s EU referendum contest last June but quietly voiced support for key arguments to remain in the bloc. But now Mr Boyd, the managing director of a specialty steelmaker in south-west England and regional head of a pro-Brexit business group, has the zeal of […]

New York’s highest court on Tuesday rejected effort to challenge search warrants demanding information about hundreds of customers in connection with a Social Security fraud probe. As Law Blog earlier reported, New York City prosecutors obtained the warrants as part of a sweeping investigation into fraudulent Social Security disability claims, including claims submitted by retired […] (via WSJ)

CARACAS A man was killed in a protest in the Venezuelan capital on Thursday night, an official said on Friday, marking the ninth death in a wave of sometimes violent demonstrations against President Nicolas Maduro’s government. Melvin Guaitan died of a bullet wound in the slum of Petare, municipal mayor Carlos Ocariz said via Twitter. Local media reported looting and street clashes with security forces in poor […]

More than 100 cloud seeding missions were carried out in the UAE in the first quarter of 2017, Arabian Business can reveal. Figures obtained from the National Centre for Meteorology and Seismology (NCMS) show that the UAE conducted 101 cloud seeding operations between January and the end of March, compared to 77 missions in the same period last year. This represents a 30 percent increase from the […]

The Federal Reserve appears to believe that the size of its balance sheet matters, but not that bigger is better. The question is, why not? As the Fed pushes ahead with plans to shrink its stock of about $2.5tn of Treasuries and $1.8tn of mortgage-backed securities to “normal”, it is puzzling that officials haven’t provided a compelling case for why the move is either necessary or desirable. […]

By Mica Rosenberg and Yeganeh Torbati | NEW YORK/WASHINGTON NEW YORK/WASHINGTON When Raj, a Sri Lankan fisherman, sought refuge in the United States in 2005, he had precisely the kind of fear of returning home that U.S. asylum laws require. In 2004, he was kidnapped by the separatist rebel group the Tamil Tigers and had to pay $500 to secure his release, according to Raj, his lawyer […]

Friday 08:30 BST What you need to know ● European and Asian stock markets firm after Wall Street rally● Euro holds above $1.07 in cautious trading ahead of French election● Bund yields up 1bp to 0.25 per cent despite political tensions● Global steelmakers shrug off Trump tariff threat● Oil prices gain but gold pulls back——————- Hot topic Investor attention is turning to eurozone assets ahead of Sunday’s […]

By Kate Holton and William Schomberg | NEWTON FERRERS, England/LONDON NEWTON FERRERS, England/LONDON Before last year’s Brexit vote, Scott McCready was struggling to fill his holiday cabins on the coast of southwest England. Now the site is fully booked with British tourists avoiding more expensive foreign trips following a plunge in the pound. This turnaround in the 10 months since Britons decided to leave the European Union […]

The pound was last worth $1.30 on September 30, a day when lawyers were lining up to derail Brexit in the courts, a resilient consumer was challenging economists’ dire post-referendum predictions and carmaker Nissan was demanding compensation for staying in the UK. Investors have become familiar with such Brexit unpredictability. Yet few of them could have guessed how sterling, tweeted by Nordea analyst Martin Enlund as “the […]

By Maiya Keidan and Jemima Kelly | LONDON LONDON Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum. While computer-driven hedge funds garnered plaudits for their outperformance in the wake of Britain’s shock vote to leave the European […]

A secret court that oversees the US government’s legal surveillance requests rejected a record number of applications last year, according to new figures. Newly released data by the US Courts show that the Washington DC.-based Foreign Intelligence Surveillance Court (FISA court) rejected nine applications during the final year of the Obama administration’s tenure. It’s the largest number of requests the FISA court has denied in its entire […]

Emirates will shift aircraft to destinations in Malaysia, Oceania and Africa as the airline scrambles for alternatives after eliminating 25 weekly flights to the US in the fallout from President Donald Trump’s travel restrictions. Planes on US routes usually fly more than 80 percent full in the summer season but are now “percentage points” less than that, hurting the flights’ profitability, Emirates President Tim Clark said in […]

At Creative Strategies, we have been researching millennial tech habits and demands for about five years. We recently did a survey with millennials, which challenged some notions you might have about this generation. In an essay that first ran on our blog, my son Ben shared what he found. – Tim Bajarin A core thesis we have about the future of technology here at Creative […]

By Madeline Chambers | BERLIN BERLIN Germany’s Central Council of Muslims said on Thursday that the right-wing Alternative for Germany (AfD) was on a path to becoming a more radical, anti-Islamic party without co-chief Frauke Petry leading it into September’s national election. Petry had become the face of the anti-immigration party, which hurt Chancellor Angela Merkel’s conservatives during the migrant crisis but has leaked support this year. […]

By Jake Spring | SHANGHAI SHANGHAI When Chinese automaker GAC Motor was preparing to enter the United States market it foresaw challenges in product localization and regulation, but didn’t see any issue with the name of its flagship brand, Trumpchi. Executives at the firm and its parent Guangzhou Automobile Group (601238.SS) say they may now change the Trumpchi brand – which was meant to sound like its […]

The chairman of Saudi-based construction giant Dar Al-Arkan on Wednesay rang the market opening bell to celebrate the listing of a $500 million sukuk on Nasdaq Dubai, the region’s international exchange. Yousef Bin Abdullah Al-Shelash said the listing provides support for Dar Al-Arkan’s capital-raising strategy as it prepares for further property development activities across Saudi Arabia. The sukuk was two times oversubscribed and received significant interest from […]

It’s springtime. Flowers are blooming, birds are chirping, and love is in the air. That can only mean one thing: It’s time to send pictures of your bits and pieces! If you’ve ever used your phone to send someone special a picture of your thing(s), you’re not alone. Data shows that sexting is a highly popular pastime enjoyed by men and women alike. As you […]

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