Malta’s Prime Minister Joseph Muscat speaks during a debate on the priorities of the first-ever Maltese presidency at the European Parliament in Strasbourg on January 18, 2017 | Frederick Florin/AFP via Getty Images Ministers avoid answering difficult questions. By Harry Cooper 1/26/17, 7:03 PM CET Updated 1/26/17, 10:14 PM CET Konrad Mizzi — the only sitting minister in Europe to be named in the Panama Papers scandal last […]
If only a portion of Saudi Arabia’s National Transformation Programme is implemented, there will be dramatic change, one of the kingdom’s most influential lawyers assures. “If we can cover 50 percent of what is the aspiration in the Vision 2030, the kingdom will be doing much better,” the Saudi country director of international law firm White & Case, Doug Peel, says. “My view is that it’s a […]
ISTANBUL Turkey’s foreign ministry said Greece was protecting coup plotters and failing in the fight against terrorism after the Greek Supreme Court ruled on Thursday against the extradition of eight Turkish soldiers wanted over an attempted putsch. The Greek ruling appears politically motivated, is against international law, and breaches the rights of the victims of the July 15 coup attempt, the Turkish foreign ministry said in a […]
The UK was the fastest growing economy in the G7 last year and is not yet showing any signs of the slowdown that many economists predicted would follow the vote to leave the EU in June. The economy grew by 0.6 per cent in the fourth quarter of 2016, according to a first estimate from the Office for National Statistics. Growth for the year as a whole […]
Najib wants three ministries to boost cooperation for growth of national commodity industry Prime Minister Datuk Seri Najib Razak speaking during the monthly gathering of the Ministry of Finance attended by civil servants from various departments under the ministry in Putrajaya, January 26, 2017. — Bernama picKUALA LUMPUR, Jan 26 — Prime Minister Datuk Seri Najib Razak wants three ministries related to smallholders and commodities to boost […]
By Muyu Xu and Ryan Woo | BEIJING BEIJING As millions in China head home to celebrate the Lunar New Year holiday with their families, 24-year-old Luoluo is busy answering messages on a mobile app from desperate men looking to hire an instant girlfriend whom they can present to mom and dad. On visits home during the holiday, which kicks off on Friday, single people are often […]
|By Matein Khalid| The election of a Manhattan property developer and (failed) casino owner as President of the United State has not been positive for most American real estate investment trusts (REIT’s). The sharp rise in US interest rates since the election and the Federal Reserve’s vigilance against inflation risk hits this classic “bond proxy” sector, with its reliance on leverage to boost investor returns. In addition, […]
|By Arabian Post Staff| UAE telecom revenue reached Dh31.9 billion in 2015, according to the country’s Telecommunication Regulatory Authority’s (TRA). Mobile revenue decreased 8.57 per cent to Dh23.34 billion in 2015 from Dh25.53 billion in 2014. UAE residents spent 31.49 billion minutes using mobile phones in 2015, up from 28.70 billion minutes in 2014. Mobile phone subscriber base reached 17.94 million in the UAE while fixed telephone […]
By Elaine Lies and Kwiyeon Ha | TOKYO TOKYO A Japanese hotel chain at the centre of a furore over books its president wrote denying the Nanjing Massacre in wartime China is prepared to consider removing the books from at least some hotels if it receives a formal written request to do so. Tokyo-based hotel and real estate developer APA Group came under fire last week for […]
January 26, 2017 by: Eric Platt and Joe Rennison in New York The combination of rebounding commodity prices and hopes for faster US economic growth under Donald Trump is helping some of the riskiest corporate borrowers secure cheaper financing and underlines investors’ growing stomach for risk. An expanding list of companies with a triple-C rating — deep within speculative territory — have been able to lock in […]
WhatsApp provides end-to-end encryption, preventing eavesdroppers from reading messages. (Image: file photo) Americans “remain divided” on whether the government should be able to access their private encrypted messages, according to new research. Pew Research found in its latest report on cybersecurity that 46 percent of Americans would allow the government to access encrypted communications to investigate a crime, whereas 44 percent are in favor of encrypted apps […]
Some T-Mobile employees are claiming that the company encourages a predatory work culture with bill cramming and other fraudulent practices that take advantage of customers. Former and current T-Mobile workers have reached out to BGR to detail worrisome practices within the company. According to the employees, T-Mobile customers are getting more than they bargained for – and not in a good way. Back in December, a labor […]
Johnson & Johnson is to acquire Swiss biotechnology company Actelion for $30bn in a complex deal that will see Actelion’s founder heading a standalone spin-off research company based and listed in Switzerland. The world’s largest healthcare company is offering Actelion shareholders $280 per share in an all-cash offer — as well as shares in the new research and development company headed by Jean-Paul Clozel, the Swiss group’s […]
Agreement exchanged in presence of HH Sheikh Mohamed bin Zayed and India’s PM Narendra Modi Abu Dhabi, UAE – January 25, 2016 In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and India’s Prime Minister, Narendra Modi, the Abu Dhabi National Oil Company (ADNOC) and the Indian Strategic Petroleum Reserves […]
India signed a deal with the United Arab Emirates on Wednesday that allows the Gulf OPEC country to fill half of an underground crude oil storage facility at Mangalore that is part of New Delhi’s strategic reserve system. New Delhi announced a series of pacts with the UAE ranging from defence, trade, maritime cooperation to energy after a meeting between Prime Minister Narendra Modi and Abu Dhabi’s […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices edged up on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.44 per barrel at 0137 GMT, up 36 cents from their […]
The true subject of science fiction is always the present. Its imagined futures are mirrors to today’s hopes and fears. George Orwell’s 1984 simply shifted the numbers of the year in which he wrote the book – 1948 – and made a metaphor of that time’s dark politics. Likewise 2084, the latest from Algerian novelist Boualem Sansal, is addressed to, and in some way is part of, […]
It is difficult to understand why Donald Trump’s campaign promise to “make America great again” resounded so deeply with so many. True, the threat of terrorism, rising inequality and job-killing digitalisation have been breeding anxiety for some time. However, on most metrics the US economy has been doing just fine and certainly better than Europe. While the median US household’s real income still stands below peak of […]
Western Digital reported a better-than-expected fiscal second quarter amid strong enterprise and solid state demand. The company reported second quarter earnings of $235 million, or 80 cents a share, on revenue of $4.9 billion. Non-GAAP earnings for the second quarter were $2.30 a share, well ahead of the $2.12 a share expected. Western Digital has bulked up via acquisition with the purchases of HGST and SanDisk. The […]
WASHINGTON President Donald Trump is expected to order the Pentagon and State Department to produce a plan in coming days for setting up “safe zones” for refugees in Syria and neighbouring countries, according to a document seen by Reuters, a move that could risk escalation of U.S. military involvement in Syria’s civil war. The draft executive order awaiting Trump’s signature signalled the new administration was preparing a […]
Nintendo’s NES Classic Edition quickly became one of the most wanted devices in the video game industry when it was launched in November 2016. However, Nintendo was unable to keep up with the demand for the product, causing a very frustrating supply shortage for the NES Classic Edition that lasted well through the holiday shopping season. Fortunately for customers still interested in the retro gaming console, stocks of the […]
The New York Stock Exchange is planning a direct challenge to its smaller rival IEX with a “speed bump” at one of its trading venues, in the latest example of ways that participants in the world’s largest equity market are experimenting with speed. NYSE intends to apply to regulators to allow a delay of 350 microseconds to trades on its NYSE MKT exchange for small and mid-cap […]
All but one of the students were enrolled in the Deferred Action for Childhood Arrivals program, also known as DACA. Created in 2012 by an Obama-administration executive action, DACA allowed teenagers and young adults who came to the United States illegally as children with their parents to register with the government and in turn receive a two-year renewable protection against deportation, along with work permits and Social […]
TOKYO/SEOUL Japan on Wednesday lodged a protest with South Korea after a South Korean official visited a group of islets claimed by both countries, putting more strain on ties already damaged by the legacy of Japan’s 1910-1945 rule of Korea. The islands that lie equidistant between the two countries are called Takeshima in Japanese and Dokdo in Korean. They are controlled by South Korea and also claimed […]
