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By By Rozanna Latiff and Emily Chow, Reuters Feb 24, 2017 at 7:56 pm | Print View KUALA LUMPUR — VX nerve agent, a chemical the United Nations classifies as a weapon of mass destruction, was used to kill the estranged half-brother of North Korean leader Kim Jong Un in a bizarre murder in Malaysia last week, police said on Friday. Kim Jong Nam was killed on […]

By Jonathan Landay | WASHINGTON WASHINGTON While President Donald Trump has suggested that the United States must expand its nuclear arsenal, many experts say U.S. nuclear forces are unrivalled and will remain so as they undergo a modernization programme that could cost more than $1 trillion. In an interview with Reuters on Thursday, Trump said the United States has “fallen behind on nuclear weapon capacity.” He pledged […]

Every year, Inrix releases its Global Traffic Scorecard, which ranks congestion on roads in 1,064 cities in 38 countries. And every year the report tells urban commuters what they already know—traffic sucks and is getting worse. But at least Inrix’s Global Traffic Scorecard uses data—500TB from 300 million sources covering over 5 million miles of road—to let us know exactly how much it sucks. And […]

By Marty Graham | SAN DIEGO SAN DIEGO Family members of an illegal immigrant who died in 2010 following a brutal encounter with federal border agents that was captured on videotape have agreed to settle their lawsuit against the U.S. government for $1 million, court documents show. Video footage of a U.S. Customs officer tasering Anastacio Rojas Hernandez at least four times while he lay on the […]

Primary dealers have warned of obstacles to the US Treasury introducing very long-dated bonds, despite some early support for the plans. This week Steven Mnuchin, Treasury secretary, said his staff had begun to look into issuing US government debt with maturities of as long as 50 or 100 years. Such a move would be a historic shift in policy for the $14tn Treasury market, which has resisted […]

A new study derived optimal policies and data-driven, problem-solving techniques for firms to learn about demand so that they can decide when and by how much they should adjust their capacity level. (via WSJ)

  One of these things is not like the other… The 30Y Yield just dropped back below 3.00% once again and 10Y is back at February lows – what happens next? Despite the exuberance of hope, protection is heavily bid… And if Utility stocks’ demand is anything to go by, bond yields have a long way to fall… Finally – absent the hope-strewn soft-survey data, ‘hard’ data […]

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The onset of the Trump era forced economists to confront their doubts about their usefulness to the public. They shared this ordeal with political forecasters, Democrats, logicians and journalists. Maybe we all deserved the anguish. Those economists who remain in a funk should nonetheless snap themselves out of it. One reason is that the sappy self-loathing economist is now embarrassingly cliché. Take it from a sappy self-loathing […]

Tesla Tesla has revealed plans to construct a total of five Gigafactories to cater to increased solar panel and electric vehicle (EV) battery demands. In a letter to shareholders (.PDF), the EV manufacturer, founded by entrepreneur Elon Musk, Tesla said the company plans to finalize the locations for at least two more Gigafactories, if not three. “Later this year, we expect to finalize locations for Gigafactories 3, […]

Hotels in the UAE saw revenue and room rates drop during January but occupancy levels were boosted by strong performance in the smaller emirates of Fujairah, Ras Al Khaimah and Sharjah, according to latest data from analysts STR. Average daily rates (ADR) across the UAE hospitality market fell by 8 percent last month to AED711.80 while revenue per available room (RevPAR) decreased by 7.5 percent to AED577.09, […]

By Alexandra Alper and Noe Torres | MEXICO CITY MEXICO CITY Mexico on Thursday expressed “worry and irritation” about U.S. policies to two of President Donald Trump’s top envoys, giving a chilly reply to the new administration’s hard line on immigration, trade and security. Comments by Trump about a “military operation” to deport criminals added to the tense atmosphere, and prompted a clarification from Homeland Security chief […]

For a century after the incredibly influential writings of Carl von Clausewitz in the early years of the 19th-century, the study of war, specifically the study of battles, occupied a regal prominence in the field of history-writing. It was taken as a given that the study of battles was illustrative, even vaguely ennobling, and monumental, multi-volume battle-histories appeared at regular intervals, often running to many reprints and […]

Dubai, United Arab Emirates, February 23, 2017-( ME NewsWire) Sustainability reporters across the globe have been using the GRI Guidelines for the past 15 years. GRI reports have been published from more than 90 countries around the world, with thousands of organisations referencing the guidelines to create the leading framework for sustainability reporting. The Guidelines are specifically referenced in policy or regulation in more than 40 countries […]

Hewlett Packard Enterprise Co, the corporate hardware and enterprise software business of Hewlett-Packard Co, reported lower-than-expected quarterly revenue and cut its full-year profit forecast. The company’s shares were down 5.6 percent at $23.22 in after-market trading on Thursday. HPE said it expected full-year adjusted profit of between $1.88-$1.98 per share, down from $2-$2.10 it forecast earlier. Analysts on average were expecting a profit of $2.05 per share, […]

By Tom Miles and John Irish | GENEVA GENEVA Opposing sides in the Syrian war came face-to-face in U.N. peace talks for the first time in three years on Thursday, to hear mediator Staffan de Mistura implore them to cooperate to find a way out of almost six years of war. “I ask you to work together. I know it’s not going to be easy to end […]

Our daily guide to community and cultural activities across the Emirates for February 24, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. newslide Abu Dhabi Dance performance Attend Trisha Brown: In Plain Site, a programme of site-specific performances free from the constrictions of the conventional […]

There was so much weaponry inside that visitors got searched not just on the way in, but also on the way out. Continue reading the main story The exhibition served to promote Abu Dhabi, the capital of the United Arab Emirates, which has distinguished itself as a regional hub for international business at a time when wars and uprisings have upended other Arab states. It also provided […]

Selling pressure on French bonds ebbed on Thursday, pushing the yield on the 10-year bond back below 1 per cent, as the prospect of a centrist alliance in the country’s presidential election eased anxiety that far-right candidate Marine Le Pen will win. The decision on Wednesday by independent candidate François Bayrou not to stand in the country’s elections, and instead throw his support behind fellow centrist Emmanuel […]

By Lucia Mutikani | WASHINGTON WASHINGTON The number of Americans filing for unemployment benefits rose slightly last week but the four-week average of such claims, considered a better gauge, fell to a 43-1/2-year low in a sign of a strengthening labor market. Other data on Thursday showed house prices increasing solidly in December amid strong demand for housing even as mortgage rates rose. The reports highlighted strength […]

BISSAU Hundreds of people marched through the capital of Guinea Bissau on Thursday demanding the departure of President Jose Mario Vaz, a day after parliament rejected a programme submitted by his prime minister. Vaz appointed Prime Minister Umaro Mokhtar Sissoco Embalo in November after months of regional talks seeking an end to an 18-month political crisis that has paralysed the institutions of the poor West African nation […]

By Yashaswini Swamynathan U.S. stock index futures were little changed on Thursday as investors digested the minutes of the Federal Reserve’s most recent meeting, which pointed to an interest rate hike “fairly soon”. Still, policymakers did not appear to show a sense of urgency in raising rates as inflation remained below the long-term target of 2 percent, effectively taking a rate hike in March off the table. […]

For footloose international money, the safest place to hide in the European financial system may be two-year German debt. The government of Europe’s largest economy not meeting such obligations in euros is as close to inconceivable as things get. The debt is also easy and cheap to trade, which means it can be a market signal of investor angst. The price of such safety set a record […]

By Mehreen Zahra-Malik | LAHORE, Pakistan LAHORE, Pakistan Pakistani real estate giant Rafi Group made a ten-fold profit last year from its sale of hundreds of acres of land in the remote fishing town of Gwadar, acquired soon after the government announced plans for a deep-sea port there. The windfall came after 12 years of waiting patiently for the Gwadar port to emerge as the centrepiece of […]

Stainless steel is regaining its shine. After falling victim like many other basic industries to the global commodities downturn, companies that specialise in the rustproof metal are enjoying a change in their fortunes. An upwards spiral in share prices, bigger profits and increased payouts to investors is helping to restore the lustre in this niche of the steel market. “It’s very clear we are now in a […]

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