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Blackstone-backed Invitation Homes began trading on Wednesday above its $20 a share initial public offering, as investors latched on to positive signals in the property rental market. The Dallas-based real estate investment trust, which allows investors to buy and sell shares in a company that owns single-family rental properties, raised $1.54bn from its IPO on Tuesday, the largest public offering since mid-2015, according to Bloomberg data. However, […]

Lufthansa believes the rapid growth phase of Gulf airlines is coming to end, which could help to ease some of the pressure in a highly competitive industry, its chief executive said on Wednesday. Speaking after signing catering and maintenance deals with Abu Dhabi-based Etihad, Lufthansa CEO Carsten Spohr said there were signs Gulf rivals were reaching the limits of their recent growth. “I’ll leave that to the […]

AT&T announced on Wednesday that it’s rolling out so-called 5G “evolution markets” in Austin and Indianapolis this summer, as part of a broader push to upgrade its networks. This showcase markets will start out with theoretical peak speeds of 400Mbps. That’s five times faster than what AT&T currently offers in terms of wireless connectivity, AT&T CTO Andre Fuetsch noted at an event in San Francisco on Wednesday. […]

Investors demanded a higher premium to hold France’s debt instead of Germany on Wednesday, reflecting a combination of political uncertainty and concerns over the outlook for inflation and central bank debt purchases. A series of upcoming elections in Europe, combined with worries that inflation pressures are picking up, have pushed down eurozone bond prices since the start of the year, with France becoming a notable laggard. The […]

Telling the opposition not to ‘mislead’ Malaysians, the BN’s strategic communications team says pump prices are based on the prices of refined oil, not crude oil. KUALA LUMPUR: The price of petrol has gone up because the price of refined petrol has increased, even though crude oil prices have dropped. In refuting allegations by the opposition, the Barisan Nasional Strategic Communications Team said today Malaysians used refined […]

Starting Tuesday, Comcast will allow its customers to use Roku as a secondary cable box. Those who have a Roku — one of the best streaming devices around — released in the last couple of years or a Roku TV can install the Xfinity TV app and try the feature out before it heads for a wide rollout later in 2017. Xfinity TV For Roku The news comes nearly […]

Millions of Indians are preparing to vote in the biggest test of public opinion since prime minister Narendra Modi announced the demonetisation of 500 and 1,000-rupee notes three months ago – a move which has plunged the country into an unprecedented cash crisis and sent the economy into a tailspin. Over the next four weeks, starting today, a series of regional elections will be held across India […]

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The oil industry is zeroing in on a prospective tax shift in Washington that has the potential to upend energy flows around the world.  The “border adjustment tax” (BAT) put forth by Republican lawmakers and embraced sporadically by President Donald Trump would radically change the way companies are levied, taxing imports and exempting exports in the world’s biggest economy. While the Trump administration’s stance on BAT has […]

01 February 2017 Abu Dhabi – The Integrated Transport Center (ITC) in Abu Dhabi announced that it has installed 30 Variable Message Signs (VMS) out of 41. The project that cost AED 70 million includes the installation of other field boards and devices, central control system and will cover operations and maintenance for 3 years. Eng. Salah Al Marzouqi, Integrated Intelligent Transport Systems Division (IITS) Director, said […]

Submitted by John Whitehead via The Rutherford Institute, “We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force.”   -Ayn Rand The torch has been passed to a new president. All of […]

By Lawrence Hurley and Steve Holland | WASHINGTON WASHINGTON President Donald Trump on Tuesday nominated Neil Gorsuch for a lifetime job on the U.S. Supreme Court, picking the 49-year-old federal appeals court judge to restore the court’s conservative majority and help shape rulings on divisive issues such as abortion, gun control, the death penalty and religious rights. The Colorado native faces a potentially contentious confirmation battle in […]

Elliott Management, the activist investment group, has called for the removal of Klaus Kleinfeld as chief executive of Arconic, the specialist metals and components company created last year by the break-up of Alcoa, arguing that “current management’s persistent failure . . . has destroyed considerable shareholder value”. The fund manager, Arconic’s largest shareholder with direct control of 10.5 per cent of the group’s shares, and a further 1.6 per cent through […]

For the London Metal Exchange, the traditional winter holiday lull in activity which affects most other financial markets comes almost a month later. Traders say that the influence of China in copper, aluminium and nickel markets, means their operations almost grind to a halt during the Chinese new year. The slowdown was clearly visible on Monday, with turnover in benchmark three-month copper futures falling to less than […]

By Kevin Dougherty and Allison Lampert | QUEBEC CITY QUEBEC CITY The French-Canadian student accused of killing six people during evening prayers in a Quebec City mosque had rented an apartment nearby, neighbours said on Tuesday, a sign he may have been targeting the house of worship. Alexandre Bissonnette, 27, was charged in court on Monday with six counts of premeditated murder and five counts of attempted […]

The three largest Omani banks – BankMuscat, Bank Dhofar and National Bank of Oman – face pressure on profitability from slowing economic growth and increased demand for Islamic finance, Moody’s warned on Tuesday. Growing appetite for Islamic finance is intensifying competition for products and placing the banks under pressure, a report from the rating agency argued. However, it added that BankMuscat, Oman’s largest bank by assets, was […]

|By Tim Plenderleith| Who ever said ‘happily ever after’ was just the stuff of fairytales?   These days those words are written into the soles of Lionel Messi’s cleats. (Or at least, that’s the idea.) The “Sport Infinity” range by sports apparel company Adidas uses worn-out cleats and, by combining them with scrap materials from other industries, reimagines them into high quality new shoes. “The football boots […]

Apple Inc (AAPL.O) reported a bigger-than-expected rise in iPhone sales for the holiday quarter but forecast current-quarter revenue below estimates as customers hold back on phone upgrades in anticipation of the launch of the 10th-anniversary iPhone. Apple sold 78.29 million iPhones in the first quarter ended Dec. 31, up from 74.78 million last year, marking the first quarterly growth in iPhone sales in a year. Analysts on […]

Apple returned to increasing revenue in the holiday quarter and said the growth rate could accelerate in the coming months, as iPhone sales rebounded strongly in North America, western Europe and Japan. However, despite forecasting revenues to grow as much as 6 per cent in the current quarter, its outlook fell just short of Wall Street’s estimates amid continuing sales declines in China and foreign currency headwinds. […]

Apple has reportedly sold more iPhone 7 Plus models than the iPhone 7 during the 2016 December quarter. The company is expected to release its financial results for the fourth quarter soon and analysts estimate that the company has managed to sell 78 million iPhones in the December quarter. This is a 4 percent increase in sales, when compared to the same period in 2015.    The trend is an unusual […]

31 January 2017 Abu Dhabi, UNITED ARAB EMIRATES – Etihad Airways is launching a third daily flight on the Abu Dhabi – Bengaluru route, effective 26 March 2017. The triple daily schedule will provide greater choice to local passengers travelling between the two cities, and improved connectivity to destinations across the GCC, North America and Europe via the airline’s Abu Dhabi hub. The capacity increase underscores the […]

“It felt like something had been sawed off,” Charger said about her separation from Jasilea. She got so depressed she was moved to a psychiatric unit, where she often got into fights. She aged out of the system at 17, but when she returned to the ranch developments and trailer parks of Eagle Butte, she struggled with depression. She and Jasilea had gone “from knowing everything about […]

Dubai-based Majid Al Futtaim on Tuesday reported a 9 percent increase in group revenues to $8.14 billion (AED29.9bn) in 2016 compared to $7.43bn (AED27.3bn) in 2015. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 8 percent, reaching $1.11bn (AED4.1bn), driven by additional hypermarkets, supermarkets and family entertainment centres. Alain Bejjani, Majid Al Futtaim Holding CEO, said the company will continue on its growth trajectory in […]

Tighter restrictions on skilled worker visas to the U.S. could come via both executive action by President Donald Trump and via Congressional moves, White House press secretary Sean Spicer said Monday. Indian IT services firms are already girding for possible changes to the H-1B program, which they use to send tens of thousands of workers to the U.S. annually. While a significant shakeup of the visa program […]

By Ginger Gibson and David Shepardson | WASHINGTON WASHINGTON Days before a group of Republican lawmakers were due to discuss their party’s controversial proposal to tax all imports, Toyota Motor Corp (7203.T) sent an urgent message to its U.S. dealers – tell the politicians the tax would seriously hurt car buyers. Some of Toyota’s 1,500 dealers heeded the call and contacted members of the House of Representatives’ […]

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