The prospect of a more aggressive Federal Reserve and a surge in the oil price hit global bonds on Monday, sending the yield on the benchmark 10-year Treasury note above 2.5 per cent for the first time since 2014. Treasuries have led a sharp sell-off in sovereign bonds since Donald Trump’s victory in last month’s US election, raising the prospect that Fed officials will have to raise […]
Photo Credit Angie Wang More than 25 years ago, at the height of the effort to pass hate speech codes on college campuses, I wrote a monograph about how to do it without censorship. It began with a quotation from a student who had been bullied because he was Asian-American: “I wish they had hit me.” If he had been beaten, he said, the damage would have […]
EAST RUTHERFORD, N.J. — Giants fans began booing early in the third quarter of their team’s game with the Dallas Cowboys on Sunday night. It was an impressive show of restraint. Booing in the first quarter would have been understandable. The Giants’ offense certainly deserved it. Odell Beckham Jr., who had dropped two crucial passes, knew that. “I walked onto the field and told myself, ‘You need […]
By Howard Schneider | WASHINGTON WASHINGTON The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank’s growth and inflation outlook. Fed fund futures show a 97 percent probability that the Fed will lift rates by a quarter of a percentage point at the end […]
The storage of photogenerated electric energy and its release on demand are still among the main obstacles in artificial photosynthesis. One of the most promising, recently identified photocatalytic new materials is inexpensive graphitic carbon nitride. Scientists have now explored a modified form that can produce light-generated electrons and store them for catalytic hydrogen production even after the light has been switched off. (via WSJ)
Mobile computing in 2016 was quite literally explosive, but when you look beyond the schadenfreude of watching Samsung mishandle its defining crisis of the year, the past 12 months have hardly set the world alight. The best example of the current state of affairs is the Google Pixel XL. Technically, this is the best Android phone on the market at the moment. Its 5.5-inch AMOLED screen is […]
BEIRUT The United States and Russia on Sunday tabled a proposal to rebels in Aleppo that would offer safe passage from the city for fighters, their families and other civilians, three opposition officials with Aleppo rebel groups told Reuters. The rebel groups in Aleppo have yet to respond to the proposal, the officials said. The proposal promised rebel fighters a “secure” and “honourable” withdrawal from the city, […]
By Ahmed Mohammed Hassan and Ali Abdelaty | CAIRO CAIRO A bombing at Cairo’s largest Coptic cathedral killed at least 25 people and wounded 49, many of them women and children attending Sunday mass, in the deadliest attack on Egypt’s Christian minority in years. The attack comes as President Abdel Fattah al-Sisi fights battles on several fronts. His economic reforms have angered the poor, a bloody crackdown […]
Developers behind a $190.5 million affordable housing project in Dubai have announced that 50 percent of its second phase of homes have been sold within a week. MAG 5 Property Development, a real-estate company formed jointly by MAG Property Development and MBM Holding, announced the sales success for its MAG 5 Boulevard project at Dubai South. This is the first community project developed by MAG 5 Property […]
Photo A nun surveyed the scene after a deadly bombing at St. Mark’s Cathedral in Cairo on Sunday. Credit Amr Abdallah Dalsh/Reuters CAIRO — A bomb ripped through a section reserved for women at Cairo’s main Coptic cathedral during Sunday morning Mass, killing at least 25 people and wounding 49, mostly women and children, Egyptian state media said. The attack was the deadliest against Egypt’s Christian minority […]
Paolo Gentiloni, Italy’s foreign minister, has been chosen to replace Matteo Renzi as prime minister amid signs of a quick solution to the political crisis that has convulsed the eurozone’s third-largest economy during the past week. After three days of consultations with parliamentary leaders of all stripes, Sergio Mattarella, Italy’s president, on Sunday summoned Mr Gentiloni to the presidential palace in central Rome and asked him to […]
Saudi Arabian non-oil private sector growth rebounded in November following a back-to-back slowdown in September and October, according to a new survey. Data from the Emirates NBD Saudi Arabia Purchasing Managers’ Index (PMI) showed that utput, new orders, purchasing activity and input stocks all rose sharply and at faster rates than in the prior month. That said, the expansions remained weaker than their respective averages. Subsequently, the […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on the expectations of boom times for US stocks, the troubles of active fund managers and Italy’s dilemma after the referendum. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. US stocks may be at record levels but there is no end to […]
They confided their dilemmas over whether to flee to government-held areas or stay put until the bitter end, a choice that split up many families. They described escalating bombardment and attacks that have killed women and children trying to reach safe ground. They revealed deepening rifts among rebel groups, and between fighters and civilians, over whether and how to surrender. Continue reading the main story Some told […]
DUBAI // Ten years ago, divers off the UAE coast revelled in regular sightings of many shark species. But overfishing and a demanding market in Asia for shark fins have put that number in decline, to the point of extinction in many cases. Conservationists hope they can help to halt that decline with a film festival in Dubai educating people about the important role sharks play. The […]
By Alister Doyle | OSLO OSLO Colombian President Juan Manuel Santos said an accord to end a 52-year civil war with Marxist rebels was a “ray of hope” for solving conflicts from Syria to South Sudan as he collected the Nobel Peace Prize on Saturday. In an acceptance speech that quoted an anti-war song by Bob Dylan, the 2016 Literature Laureate, Santos said Colombia itself had drawn […]
By Jack Kim and Nataly Pak | SEOUL SEOUL Protestors demanding that South Korean President Park Geun-hye step down marched on Saturday for a seventh straight weekend, a day after parliament voted overwhelmingly to impeach her and put the fate of her presidency in the hands of a nine-judge court. The crowd estimated by organisers at 200,000 packing a large square in downtown Seoul was significantly smaller […]
Donald Trump has rejected the assessment of the US intelligence community that alleged hacking by Russia in the months before the election was aimed at helping the property mogul beat his rival Hillary Clinton. “These are the same people that said Saddam Hussein had weapons of mass destruction,” the Trump transition team said after the Washington Post reported that the CIA had concluded that Russia tried to […]
Minister of State for Information and Broadcasting Marriyum Aurangzeb on Saturday said that Panama Papers had never been and will never be any threat to the government. Talking to the media persons in Islamabad, she said the politics of Prime Minister Nawaz Sharif revolves around serving the masses with dedication and honesty. She said it is the vision of the prime minister that terror acts have significantly […]
The shortage in supply of the NES Classic Edition has frustrated customers who have been looking forward to reliving the games of the past. However, Nintendo has promised that gamers will be able to buy the retro console before Christmas. If this is true, it would be a great holiday gift to fans of the old NES titles. NES Classic Edition Supply Shortage The supply shortage for the […]
The Dubai Land Department is cleaning out unscrupulous real estate agents and greedy landlords in a bid to polish the emirate’s reputation as a transparent property market attractive to investors across the world. In an exclusive interview with Arabian Business, Ali Abdulla Al Ali, director of the Dubai Land Department’s (DLD) real estate licensing division, says several new initiatives introduced this year are already showing benefits. Al […]
By Jeff Mason | WASHINGTON WASHINGTON U.S. President Barack Obama has ordered intelligence agencies to review cyber attacks and foreign intervention into the 2016 election and deliver a report before he leaves office on Jan. 20, the White House said on Friday. In October, the U.S. government formally accused Russia of a campaign of cyber attacks against Democratic Party organizations ahead of the Nov. 8 presidential election, […]
“When we took the land in Dubailand and talked about our plans to launch a sustainable project, many thought we were just bluffing. Today, when people come and see our project they are simply amazed,” says Faris Saeed, sitting in his temporary office in one of the solar-powered villas in The Sustainable City. Ironically, the new city is the result of a failed development called The Lagoons, […]
The Insurance Institute for Highway Safety, a non-profit organization supported by auto insurers, has just released the list of the safest cars, SUVs, and trucks for 2017. If you are wondering, which brand topped the ranking, that would be Toyota, which went home with nine citations. The automaker is trailed by Honda with five listed vehicles. Safest Car Pick The Top Safety Pick is an annual ranking of the […]
