Here is a selection of five charts that FT Markets believes are worth watching. A fresh chart will be added on a regular basis. 1. Wall Street hit by biggest slide since November US stocks suffered their worst trading day in eight months on Wednesday after political turmoil in Washington shook investors, with some fearing President Donald Trump’s ability to push through his pro-growth policies has been […]
Young Indonesians, frustrated by the country’s lack of progress (or even perceived regression in development) often invoke a refrain along the lines of, “While other countries are focusing on things like getting people to Mars, we are fighting over (religion / blasphemy / corruption etc).” It seems President Joko Widodo feels similarly. Yesterday, while speaking with the editorial heads of several major Indonesian media outlets, Jokowi mentioned that […]
Call it the Trump fade? The so-called Trump trade captivated Wall Street after the surprise election of Donald Trump last November. After years of stagnant economic growth in the wake of the financial crisis, the prospect of Mr Trump’s pro-business agenda, combined with Republican control of both executive and legislative branches of the US government, breathed new life into the ageing equity rally, sent the dollar to […]
Earlier today, RBC’s Charlie McElligott explained why today’s action is indicative of one or more energy/risk-neutral/value funds blowing up. Now he looks at the underlying cause, and attributes it to the inability of investors to discriminate between real and imaginary threats in what has now become a “deafening cacophony of noise.” THE DOLLAR MELTDOWN We are currently in the midst of a sixth-consecutive day of declines for […]
Oil prices gained further Tuesday, boosting energy companies’ shares, after Russia and Saudi Arabia indicated they could extend an output cut into next year, while the euro struck a six-month dollar high. The world’s top two crude-producing nations raised the idea at the weekend, with a deal agreed between OPEC — of which Saudi Arabia is the key player — and Russia coming to an end in […]
By James Davey | BIRMINGHAM, England BIRMINGHAM, England Andy Street’s mayoral victory in Britain’s second largest metropolitan area may give the best indication yet of just how far Prime Minister Theresa May’s Conservatives are poaching traditional Labour supporters ahead of the June 8 national vote. Street quit his $1-million-a-year job as managing director of department store chain John Lewis to stand for the top political job in […]
This Jan. 14, 2015 satellite image provided by NASA shows the shattered remains of a colossal iceberg known as B-15 on the Ross Ice Shelf in Antarctica. A Dubai firm’s dream of towing icebergs from the Antarctic to the Arabian Peninsula could face some titanic obstacles. Where many see the crumbling polar ice caps as a distressing illustration of global warming, the company sees it as a […]
· Global mentoring initiative’s latest edition sees increased participation from girls; introduces them to a world of possibilities a career in technology can offer · UAE’s youngest inventor and winner of the UAE Robot Olympics shares her inspiring personal story with aspiring students · Prominent Emirati role model and social media influencer highlights the dangers of cyberbullying, shares trips for prevention 17 May 2017 Dubai, […]
Stocks markets suffered in Asia as oil prices gave up recent gains and Japan’s yen rallied following a lukewarm lead-in from Wall Street and more political tumult from Washington. Tokyo’s Topix index was down 0.6 per cent as equities suffered from a firmer yen and energy stocks fell 2 per cent on slipping oil prices. The Nikkei 225 was down 0.7 per cent as well, further diminishing […]
Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with the matter. The world’s biggest crude oil exporter plans to sign accords also with Baker Hughes, KBR Inc., Jacobs Engineering Group Inc., Nabors Industries Ltd., Weatherford International Plc, McDermott International […]
Lauryn Hill made a solid return to the region with a performance at the Mawazine Festival in Morocco on May 15. Headlining the OLM Souissi stage in the capital Rabat, this was the second concert by the mercurial 41-year old in the Arab world – her last being a 2015 show as part of the Carthage Festival in Tunisia. Hill provided a generous 19 song set that […]
This electron microscope-based imaging technique could help scientists optimize the performance of ionic liquids for batteries and other energy storage devices. (via WSJ)
SINGAPORE — Although Singapore and China are different in size, they face common challenges in innovation and governance, noted Deputy Prime Minister Teo Chee Hean yesterday as he kicked off a high-level bilateral forum on leadership. Delivering the keynote address during the 6th China-Singapore Forum on Leadership, Mr Teo said the common obstacles faced by both countries included an ageing population, a slower-growing workforce, rising expectations of […]
DUBAI: An advanced research center to be shared by scientists from countries with politically tense relations is set to open in Jordan today.The facility is called Sesame — Synchrotron-light for Experimental Science and Applications in the Middle East – and will be used by researchers from across the region, including Iranians, Israelis and Palestinians.The facility’s name is a play on the famous phrase “Open Sesame” and implies […]
Twitter co-founder Biz Stone is returning to guide the messaging platform’s internal culture, as it tries to turn around slow user growth and declining revenue in the face of increased competition. Jack Dorsey, Twitter chief executive and co-founder who returned to try to revive the company almost two years ago, asked Mr Stone back during a relaunch of the company’s weekly Friday afternoon tradition of Tea Time […]
By Yashaswini Swamynathan The S&P 500 and the Nasdaq drifted higher to hit record intraday levels on Tuesday, supported by gains in technology and consumer staple stocks. As the first-quarter earnings season wraps up, investors’ attention will turn to developments in Washington that could overshadow Republican legislative priorities such as tax reform, healthcare and simpler regulations. Investors were wary after reports that President Donald Trump disclosed highly […]
As part of a project dedicated to modeling how single-celled purple bacteria turn light into food, a team of computational scientists simulated a complete ATP synthase in all-atom detail. The work builds on the project’s first phase—a 100-million atom photosynthetic organelle called a chromatophore—and gives scientists an unprecedented glimpse into a biological machine whose energy efficiency far surpasses that of any artificial system. (via WSJ)
ABU DHABI, United Arab Emirates, 15 May 2017, (ME NewsWire) Global International Indian School (GIIS) Abu Dhabi will soon launch STEM (Science, Technology, Engineering and Mathematics) Learning Programme for all its students from grades 3 to 9. Schools across 112 nations have implemented STEM Learning in order to help students learn through activities and experiments that help them understand much better compared to just theoretical knowledge. […]
Chinese networking giant Huawei has announced that it will be leading the “digital transformation” of Hamad International Airport in Qatar in an effort to improve security, customer experience, and efficiency. Huawei, which announced entering a memorandum of understanding (MoU) with the Doha-based airport this week, said it will work on creating prototypes and solutions for Internet of Things (IoT) and autonomous machines throughout the airport. “The objective […]
Rare Earth elements have become increasingly important for advanced technologies, from cell phones to renewable energy to defense systems. Mineral resources hosted in heavy mineral sand deposits are especially attractive because they can be recovered using well-established mechanical methods, making extraction, processing, and remediation relatively simple. (via WSJ)
ABU DHABI // Sheikh Mohammed Bin Zayed met Donald Trump for talks in Washington on Monday, as the White House announced a defence cooperation agreement between the two countries. Mr Trump’s press secretary, Sean Spicer, said the agreement, which was concluded “recently”, would allow the UAE and United States “to work more closely together to address common security threats”. “The [US] president hopes to work together even […]
By Guy Faulconbridge and Dustin Volz | LONDON/WASHINGTON LONDON/WASHINGTON The global WannaCry “ransomware” cyber attack spread more slowly on Monday with no major infections reported, as attention shifted to investment and government policy implications of lax cyber security. There were 213,000 infected machines in 112 countries as of 1000 GMT on Monday, according to Czech security firm Avast, making it one of the largest coordinated attacks to […]
U.S. stocks opened higher on Monday as a rise in oil prices boosted energy stocks, soothing some nerves following a massive cyber attack that locked up 200,000 computers in more than 150 countries. Oil hit a three-week high after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than originally […]
Tesla has started taking orders for its innovative new solar roof, tile-sized solar panels that the company unveiled back in October last year. Coming from the makers of supercar-speed electric vehicles and reusable rockets, they’re not your ordinary solar panel: they’re aesthetically pleasing and won’t require ripping off existing tiles inside the home for installation. The Solar Roof, Tesla’s first post-SolarCity acquisition offering, is expected to sell […]
