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TEL AVIV Israeli Prime Minister Benjamin Netanyahu sidestepped a question on whether he still supports the creation of a Palestinian state as he left for the United States on Monday on his first visit since President Donald Trump took office. Netanyahu has never publicly abandoned his conditional backing for Palestinian statehood, which he first stated in 2009, but Palestinians say that commitment has been rendered worthless by […]

IBM CEO Ginni Rometty recently sent an email to her employees detailing her involvement with, and counseling of, the Trump administration. In it, Rometty claimed that her meetings with the Trump administration as part of the president’s business advisory are purely an opportunity to promote IBM’s values and technological expertise. “IBM does not espouse a partisan or political point of view,” the letter states. “Alone […]

By Noel Randewich | SAN FRANCISCO SAN FRANCISCO Shares of Apple (AAPL.O) rose to a record high close on Monday, buoyed by Wall Street’s expectations that the release of a 10th-anniversary iPhone and pent-up customer demand will shore up lackluster sales. The largest component of the S&P 500 and a core holding on Wall Street, Apple’s stock climbed 0.9 percent to end at $133.29, breaking above its […]

Apple stock hit a new all-time high on Monday, driven by investor optimism about a coming iPhone sales “supercycle” and hopes that its $230bn in overseas cash might soon be put to greater use. It has taken two years for Apple to surpass its record closing price of $133 in February 2015, despite briefly breaking above that level during intraday trading at $134.54 in April of that […]

Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group’s supply-reduction deal to a record high of more than 90 percent. The Organization of the Petroleum Exporting Countries is curbing its output by about 1.2 million barrels per day (bpd) from Jan. 1. Russia and 10 other non-OPEC […]

13 February 2017 Full year revenues stood at AED 173.8 million (2015: AED 178.2 million) Group losses reduced by 30% year on year as firm continues with stringent cost control and gears up for 2017 long term strategy implementation Real Estate Investment Management and Investment Banking business lines recorded systematic increase in profits Turnaround of the Group’s operations expected during 2017  Advertisement SHUAA Capital today reports results […]

February 13, 2017 by: Anjli Raval, Oil and Gas Correspondent Steep Opec production cuts could ease an oil market surplus quicker than expected in 2017, the oil cartel signalled in its first output assessment since a deal to curb supplies and bolster prices came into effect. After more than two years of allowing market forces to balance supply and demand, Opec in November agreed to again influence […]

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TEHRAN — European governments are protesting Iran’s treatment of an Iranian-born scientist, now a resident of Sweden, who was arrested last year in Iran and who could now face the death penalty. The scientist, Ahmadreza Djalali, a physician who specializes in disaster medicine and has taught at universities in Belgium, Italy and Sweden, was arrested in April while driving to his family’s house after arriving in Iran […]

February 13, 2017 by: Anjli Raval, Oil and Gas Correspondent Steep Opec production cuts could ease an oil market surplus quicker than expected in 2017, the oil cartel signalled in its first output assessment since a deal to curb supplies and bolster prices came into effect. After more than two years of allowing market forces to balance supply and demand, Opec in November agreed to again influence […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Major Garrett of CBS News is rising to the defense of the extravaganza that is the White House Correspondents’ Association Dinner — and he is nearly convincing. Garrett is a very good, no B.S. reporter who adeptly made the print-to-TV […]

GENEVA A U.N. report on establishing a database of companies with business ties to Israeli settlements in the occupied West Bank has been delayed, the U.N. Human Rights Council said on Monday. Reuters reported on Friday that the politically sensitive report, due this month from the office of U.N. High Commissioner for Human Rights Zeid Ra’ad al-Hussein, was not ready. The council’s president, El Salvadoran ambassador Joaquin […]

The cost to upgrade the US electrical grid so it could cope with peak demands may be on the order of $180 billion, said the report in the Proceedings of the National Academy of Sciences As the planet warms due to climate change and hot days become more common, the US electrical grid could be unable to meet peak energy needs by century’s end, researchers warned Monday. […]

Telstra Health has another win under its belt after being selected by non-profit private healthcare provider Epworth HealthCare to provide its Patient Flow Manager system for Epworth Richmond Hospital in Melbourne. Telstra’s system provides near real-time information on bed occupancy and patient movement throughout the hospital, enabling more efficient planning than via the manual, paper-based system that is still being used. “The current process for managing bed […]

By Meng Meng and Josephine Mason | BEIJING BEIJING China is considering forcing steel and aluminium producers to cut more output, banning coal in one of the country’s top ports and shutting some fertiliser and drug plants as Beijing intensifies its war on smog, a draft policy document shows. The Ministry of Environmental Protection (MEP) has proposed the measures in a draft policy document seen by Reuters. […]

By Tetsushi Kajimoto and Stanley White | TOKYO TOKYO Japan’s economy grew for a fourth straight quarter in the final three months of last year as a weaker yen supported exports, but tepid private consumption and the risks of rising U.S. protectionism cast doubts over a sustainable recovery. Data on Monday showed the world’s third-largest economy grew an annualized 1.0 percent in October-December, roughly in line with […]

An award-winning Arabic-language film, Hedi, will be released with Arabic subtitles in the UAE, and across the region, as the local industry looks at ways to boost the popularity of Arab films in cinemas. This was one of a raft of measures to improve the popularity of Arab cinema, in the region and globally, discussed during a panel talk – New Prospects: Challenges and Opportunities in the […]

Monday 04:15 GMT Overview Equities climbed and the yen softened after Japan reported gross domestic product figures for the final quarter of 2016 that suggested any monetary policy settings will remain on hold for now. Hot topic Japan’s economy closed out 2016 with growth of 0.2 per cent in the fourth quarter, below estimates of 0.3 per cent despite a boost to exports from a weaker yen […]

By David Alire Garcia | MEXICO CITY MEXICO CITY Thousands of protesters in more than a dozen Mexican cities took to the streets on Sunday to express their fierce opposition to U.S. President Donald Trump, portraying the new leader as a menace to both America and Mexico. Waving Mexicans flags and hoisting anti-Trump signs in both Spanish and English, some vulgar, many protesters also heaped scorn on […]

Japan’s economy grew at an annualised pace of 1 per cent in the final quarter of 2016 as yen weakness spurred a pick-up in exports and business investment. The figure, which was broadly in line with analysts’ expectations for a 1.1 per cent rise, confirms Japan’s economy is back on track after a wobble last summer. Robust growth will reinforce the political popularity of Prime Minister Shinzo […]

Last month, Verizon chief financial officer Matt Ellis said the company didn’t feel like it needed an unlimited plan to compete with AT&T, T-Mobile and Sprint, but “we continually monitor the market and we will see where we head in the future.” The future appears to be today as Verizon on Sunday outlined plans for an unlimited plan dubbed Verizon Unlimited. Verizon Unlimited provides video streaming, mobile […]

KABUL At least 18 civilians were killed last week in air strikes by international forces in Afghanistan’s Helmand province, an initial United Nations inquiry has concluded. American military officials say their aircraft have conducted around 30 air strikes in Helmand in the past week. A spokesman said they were looking into the inquiry. “We are investigating the allegations and working diligently to determine whether civilians were killed […]

newslide Richard Gere has used the press conference for the Berlin Film Festival as a platform to speak out against President Donald Trump’s immigration policy and travel ban. Speaking at the conference, just before the world premiere of his new film The Dinner, the actor and activist said that he found it discouraging to see term ‘refugee’ go through such a dispiriting change of meaning in the […]

Here are the big questions facing investors ahead of a new trading week. How long does a reprieve for French bonds last? After a burst of selling early last week, French debt was granted a reprieve with the 10-year benchmark yield easing back below 1.10 per cent. In turn, the divergence over 10-year Bund yields also pulled back from a four-year plus high. Traders remain nervous after […]

The latest retailer to join the “anti-Trump resistance“, is also the one which despite being closest to death managed to crush short sellers on Friday after its stock soared on the announcement of yet another hail ymary restructuring: according to Reuters, Sears and Kmart are discontinuing online sales of 31 Trump Home items. An obvious publicity stunt meant to distract the public’s attention from the company’s chronic […]

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