By Noel Randewich and Rishika Sadam Shares of Snap Inc jumped nearly 5 percent on Monday after several of the Snapchat owner’s IPO underwriters handed it badly needed “buy” ratings. Snap’s listing on March 1 was the largest by a technology firm in three years but trading has been volatile, with many investors critical of decelerating user growth. Snap has warned it may never become profitable. Analysts […]
WASHINGTON The Pentagon, facing accusations that a coalition air strike may have killed scores of civilians in the Iraqi city of Mosul, said on Monday it was not loosening its rules of engagement in the fight against Islamic State but that resources to investigate claims were limited. Eyewitnesses from Mosul and Iraqi officials have said last week’s strike on Islamic State targets may have collapsed homes where […]
By Mfuneko Toyana and Sujata Rao | JOHANNESBURG/LONDON JOHANNESBURG/LONDON South African President Jacob Zuma asked Finance Minister Pravin Gordhan on Monday to return home “immediately” from an investor roadshow abroad, reviving talk of a cabinet reshuffle and unnerving investors who see Gordhan as an emblem of stability. The rand fell more than 3 percent against the dollar, its biggest one day fall since Nov. 10, South African […]
March 27, 2017 by: Roger Blitz in London and Eric Platt and Robin Wigglesworth in New York Financial markets shuddered on Monday as investors absorbed the collapse of US healthcare reform last week, with some fearing pro-growth policies like tax reform could be stymied by government inaction and a Republican party in disarray. Global stocks retreated, US banks slid into correction and the dollar index fell to […]
ABU DHABI // Significantly hotter summers with more sandstorms, higher humidity and more rain that could trigger flash-flooding are among the potential effects of climate change on the UAE. UAE Climate Change Risks and Resilience, a report published on Monday by Emirates Wildlife Society-WWF, suggests there could be an increase up to 3°C in temperatures during summer months and a 10 per cent humidity increase by […]
Prosecutors in South Korea are seeking an arrest warrant for former president Park Geun-hye for her alleged role in a sprawling corruption scandal that triggered her impeachment earlier this month. “The issues are grave . . . the defendant has abused her status and power to extract funds from companies, impinged on corporate freedoms and leaked state secrets,” said a statement by the prosecutors on Monday. “It is unfair not to […]
27 March 2017 UAE – His Excellency (H.E.) Dr. Mohamed Salim Al Olama, Undersecretary of the Ministry of Health & Prevention (MOHAP) recently met with H.E. Dr. Abdelqader Saleh, Ambassador of the Republic of Ethiopia to the United Arab Emirates (UAE), at the Ministry of Health and Prevention office in Abu Dhabi to discuss future cooperation across joint initiatives in the field of health. Also present during […]
Two teenage girls wearing leggings were barred from boarding a United Airlines flight on Sunday because they did not meet a dress code for special pass travelers, a company spokesman said amid a furor on social media. The two girls, who were traveling with a companion, would not have been turned away for wearing leggings had they been paying customers, United spokesman Jonathan Guerin said as the […]
Monday 04:30 GMT Overview Dollar weakness weighed down Asia-Pacific equities while government bonds and gold gained as investors in the region sought havens in the wake of US President Donald Trump’s failure to repeal Obamacare. Hot topic The US dollar was lower against a variety of currencies in Asia as investors tempered expectations of pro-business reforms from the Trump administration after Republicans failed to unify around healthcare […]
March 26, 2017 by: FT Confidential Research Government efforts to cool the Chinese housing market are not working. Despite an intensifying clampdown, more households expect prices to continue rising in the coming months, particularly in the richest cities that are the focus of the government’s campaign. Consumer sentiment towards real estate purchases has also spiked, probably in response to widespread coverage of the policy tightening. The clampdown […]
26 March 2017 Rebrand to emphasize unique integrated structure Open D Group reinforces position as a global expert in efficient retail and brand focussed solutions with a shopper approach Open D Group, Retail Access and Sparkle, the award winning retail and branding design agencies, have today announced their rebrand to ODG to implement a simpler, cleaner, agile and integrated organization to deliver its expertise in Intelligence, Branding, […]
Angela Merkel gained a surprise boost to her hopes of retaining power in September’s German parliamentary vote when her Christian Democrat party confounded pollsters with a big victory in a closely watched regional election. Her main challenger, the new Social Democrat leader Martin Schulz, suffered his first serious setback as the SPD failed to turn recent opinion poll gains into electoral success in the gritty industrial region of […]
A Beijing court has overturned a ruling that Apple’s iPhone 6 violated a Chinese manufacturer’s patent which saw the US tech giant ordered to cease selling the smartphone in China. In May last year the Beijing intellectual property bureau had ruled that Apple violated design patents of Chinese maker Shenzhen Baili with its iPhone6 and iPhone 6 Plus, and would be barred from selling those models. […]
Hours before the Republicans’ healthcare overhaul was defeated on Friday, the US Treasury secretary was sounding an upbeat note about another element of President Donald Trump’s agenda — tax reform. Healthcare is complicated, Steven Mnuchin declared at an event in a Washington art gallery. Tax reform, he said, is much more straightforward. That bold assertion will be tested sooner than expected, as Mr Trump has signalled he […]
PARIS It is “extremely likely” that French conservative presidential candidate Francois Fillon has been the subject of wiretapping in the course of a judicial investigation, a campaign aide said on Sunday, in the latest accusations to be made by the Fillon camp against the authorities. Fillon, a former front-runner who is now lagging in polls following a financial scandal, had earlier this week accused Socialist President Francois […]
PARIS French presidential candidate Marine Le Pen sought on Sunday to reassure voters concerned over her plans to withdraw the country from the euro zone, saying it “wouldn’t be chaos” and she would seek “well-prepared” talks with other European Union countries. Opinion polls show the anti-EU, anti-immigrant National Front (FN) leader qualifying for the April 23 first round of the presidential election but losing the May 7 […]
New archaeological analysis suggests people of Western Roman Empire switched between Hunnic nomadism and settled farming over a lifetime. Findings may be evidence of tribal encroachment that undermined Roman Empire during 5th century AD, contributing to its fall. Source
(Image: file photo) Microsoft has quietly removed a feature on its document sharing site Docs.com that allowed anyone to search through millions of files for sensitive and personal information. Users had complained over the weekend on Twitter that anyone could use the site’s search box to trawl through publicly-accessible documents and files stored on the site, which were clearly meant to remain private. Among the files reviewed […]
25 March 2017 Atlanta – The Coca-Cola Company today announced a number of senior leadership appointments to drive its ongoing transformation into a growth-oriented, consumer-centered, total beverage company. Key changes, which will be effective when President and COO James Quincey becomes Chief Executive Officer on May 1, include: Combining Global Marketing, Customer and Commercial Leadership, and Strategy into one combined function under the leadership of a new […]
Heavy rain, thunder and lightning hit Dubai early on Friday, with motorists urged to take extra care in difficult driving conditions while, in Abu Dhabi, Etihad Airways warned of possible flight delays. Local reports suggest the wet weather has resulted in some road accidents while some events have been cancelled. The Desert Warrior Challenge in Ajman has fallen victim to the bad weather, as has the Street […]
An Uber self-driving car has crashed in Arizona, dealing another setback to the US ride-hailing company after a spate of adverse publicity over internal management failures. The SUV was in a collision with another vehicle and rolled on to its side on Friday evening, according to local police. On Saturday, Uber said its vehicle was not carrying any customers at the time of the crash, but provided […]
Authored by Johnny Hopkins via The Aquirer’s Multiple blog, One of our favorite investors at The Acquirer’s Multiple – Stock Screener is Howard Marks. Howard Marks is Chairman and Co-Founder of Oaktree Capital Management, the world’s biggest distressed-debt investor. He’s known in the investment community for his “Oaktree memos” to clients which detail investment strategies and insight into the economy, and in 2011 he published the book The Most […]
Apple’s drawings show an iPhone-like device docking where you usually find a touchpad on a laptop, with its touchscreen facing up to act as the touchpad. Image: Apple A new patent application from Apple shows it toying with the idea of a laptop powered by an iPhone that’s docked face up where the touchpad is normally positioned. The idea that a smartphone is a pocket-sized computer has […]
Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today’s markets are dangerously overpriced. Being market fundamentalists who don’t believe it’s possible to simply print prosperity out of thin air, we’ve been deeply skeptical of the financial markets ever since the central banks began their highly interventionist policies. Since 2009, they have […]
