By Henning Gloystein | SINGAPORE SINGAPORE Oil prices rose early on Tuesday on expectations that an OPEC-led production cut to prop up the market could be extended, and as strong demand was seen to slowly erode a global fuel supply overhang. Prices for front-month Brent crude futures, the international benchmark for oil, were at $51.76 per barrel at 0043 GMT, up 14 cents, or 0.3 percent, from […]
Joanne Lipman, who joined Gannett 15 months ago to create an investigative network of the company’s 109 community papers, today was named editor-in-chief of USA Today. Lipman said in a phone interview that she is “pleased at how the USA Today Network has come together…. I’m awed by the increased quality and ambition in the work.” But rather than job accomplished, she sees her new post as […]
Airline passengers travelling from eight Middle Eastern nations, including Jordan and Egypt, will be barred from carrying large electronic devices into the main cabin under new regulations from the Trump administration. The rules, which come into effect on Tuesday, also apply to Saudi Arabia and the United Arab Emirates, according to a US official. Passengers from the eight countries will have to check laptop computers and other […]
When Tim Armour graduated from Middlebury College, a liberal arts institution in Vermont, he faced a conundrum. He could either accept a graduate programme slot at a West Coast investment group, or go and run a windsurf shop in Florida. Because he loved to windsurf but did not want to turn down a more sensible job, he asked the asset manager whether he could put off the […]
It has been clear for months that Mosul will be liberated. And sure enough, Iraqi forces backed by U.S. assistance and firepower are now moving to clear the remaining western neighborhoods of Iraq’s second-biggest city. Islamic State leaders have reportedly fled the city and military operations will soon be complete. Success in Mosul is a testament to the determination of the Iraqi forces that have lead this […]
U.S. stocks reversed course to trade slightly higher in late morning trading on Monday, helped by a rise in technology stocks including Apple. Apple (AAPL.O) rose nearly 1 percent, hitting a new record-high of $141.34, lifting the tech-heavy Nasdaq Composite index to yet another intraday high. The iPhone-maker’s stock could rise another 10 percent in six months, Barron’s wrote in an article posted Saturday. The U.S. stock […]
FX traders had a slightly delayed reaction to news that UK PM Theresa May will trigger Article 50 next Wednesday but Cable is now sliding on the headlines. However, with speculative positioning already at record lows, many are asking “why would a long-term trader sell the pound now?” As Bloomberg’s Mark Cudmore notes, it’s a question worth asking, because it seems that the vast majority of potential […]
The US corporate profit outlook has dimmed in recent weeks, with analysts paring back their forecasts, in a fresh sign of the risks facing the Wall Street rally that has powered equities to record peaks. Earnings for companies listed on the S&P 500 index, the main US stock barometer, are predicted to rise 9 per cent in the first quarter, FactSet data show. While the rate marks […]
By Heather Somerville | SAN FRANCISCO SAN FRANCISCO Ride services company Uber Technologies Inc [UBER.UL] has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help soften its often abrasive image. Jones quit less than seven months after joining the San Francisco company, an Uber spokesman said on Sunday. In a statement to Reuters, Jones said he could […]
ABU DHABI // Winds will whip up dust and sand on Monday as rain falls in the northern and coastal areas of the country over the next two days. The National Centre for Meteorology and Seismology warned that dust will reduce visibility to less than 1km and cautioned of rough sea in the Arabian Gulf and Sea of Oman. Rain is expected over the coast, northern, eastern […]
March 20, 2017 by: Aliya Ram in New Delhi and Simon Mundy in Pune Vodafone, the UK-based mobile phone operator, has struck a deal to merge its Indian operations with local rival Idea Cellular to create one of the world’s largest telecoms groups, with a combined implied enterprise value of more than $23bn. The two companies on Monday confirmed the deal, which is the second merger in the […]
The Cohort is Poynter’s bi-monthly newsletter about women kicking ass in digital media. I remember the moment I knew I wasn’t going to be a conflict photographer. I was a freelance photojournalist based in Mumbai, India, and in New York for a week visiting prospective clients. All assignments mattered, but there was one publication that I held to an unattainable standard — The New York Times. I […]
By Anthony Boadle | BRASILIA BRASILIA President Michel Temer, confronting a corruption scandal tarnishing Brazil’s lucrative meat industry, met on Sunday with executives and foreign diplomats to assuage health concerns tarnishing a sector responsible for $12 billion in annual exports. The hastily called meetings, following raids by police on Friday investigating whether companies paid bribes to conceal unsanitary conditions at meatpackers, come as Temer works to protect […]
Authored by ‘Vaniam’ via The Burning Platform blog, This is an Arizona patriot’s unique view on John Sydney McCain As of late, we the people of Arizona are very shocked to see what he has become. He is a caricature of a man who, around here, is about as popular as the ping-pong president. How could the people of Arizona, the state that brought you the O.K. […]
DUBAI // The world desperately needs to adopt a new approach to achieve human happiness, the Vice President and Ruler of Dubai has said. Sheikh Mohammed bin Rashid said the approach must be based on cooperation and searching for ponits of agreement, speaking to mark the creation of what was described as the first World Happiness Council. The announcement came ahead of International Happiness Day, which falls […]
WASHINGTON A detailed version of President Donald Trump’s budget to be released in May will lay out plans to eventually erase U.S. deficits, White House budget director Mick Mulvaney said on Sunday. “We’re getting into that now. By May, I think it’s mid-May we’re shooting for right now, we’ll have that larger budget…” Mulvaney said on NBC’s “Meet the Press” program. Mulvaney acknowledged that the budget would […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on positive signals for the word’s second-largest economy and the implications for investors of the Federal Reserve rate rise. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Investors may be wary of being burnt by China but the drumbeat of bullish noises […]
Tech Times reported on March 11 that Tesla co-Founder and Chief Executive Officer Elon Musk backed up Lyndon Rive’s bold claim at the Powerwall 2 launch at Newport, near Melbourne, that the company can solve South Australia’s energy storage problems in 100 days with its new battery. Rive, Tesla’s Vice President for Energy Products, cited the company’s experience in building a power plant in South California in 90 […]
Cheat days have become a modern phenomenon. A quick scan of social media hashtags such as #cheatday and #cheatmeal, yields over a million photos of freakshakes, oozing cheese burgers and deep fried chicken wings. A few hundred more are posted each weekend in a declaration of freedom from the dieting drudgery suffered during the week. Celebrities, who know a thing or two about restrictive diets, have also […]
Employer-funded healthcare in the US is an accidental system. It came into being during the second world war, when wage freezes and 1.9 per cent unemployment forced the government to allow companies to offer fringe benefits like healthcare in an attempt to attract workers. In 1943, the Internal Revenue Service ruled that employer-based healthcare should be tax free — and we were off to the races. The […]
The United States has declassified its secretive footage of the nuclear tests it conducted between 1945 and 1962 and published them online on YouTube. Much of the footage will make viewers run for cover as they see chilling reminders of the arms race for military superiority during the Cold War. The footages were captured by multiple cameras at various angles. They documented each explosion at the rate of […]
Here are the big questions for markets and investors as a new trading week beckons. Does a measured Fed risk being left behind by inflation?After a barrage of central bank meetings, Brexit angst and the first major European election for the year, market volatility across bonds and equities remains quiescent. Having been primed for a more aggressive Federal Reserve and wary of polls being wrong ahead of […]
President Donald Trump has proposed to boost federal spending on the production of nuclear weapons by more than $1 billion in 2018 while slashing or eliminating spending on many federal programs related to diplomacy, foreign aid, and social needs, in a budget proposal that reflects the first tangible expression of his defense priorities. The $1.4 billion budget increase for the National Nuclear Security Administration amounts to just […]
After three seasons of speedy villains, The Flash will hit the brakes in Season 4. “Next season we’re not going to have a speedster [as the main villain],” showrunner Andrew Kreisberg revealed during a panel at Los Angeles’ PaleyFest on Saturday, where the stars and producers of The Flash, Arrow, Supergirl and Legends of Tomorrow were gathered to celebrate the four CW shows. But before Barry Allen […]
