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McDonald’s Corp’s (MCD.N) U.S. comparable restaurant sales fell less than analysts had expected in the fourth quarter as strong demand for its all-day breakfast brought more people to its restaurants. The operator of the world’s largest fast-food chain posted overall quarterly revenue that beat analysts’ expectations. The company’s stock initially rose in premarket trading on Monday, before reversing course to trade down 0.38 percent at $121.95. Sales […]

Samsung’s 8-point battery safety check. Samsung has unveiled the results of its inquiry into why its flagship Galaxy Note 7 smartphones began exploding shortly after launch, and the company has put in place measures to stop this happening again. All of this is welcomed, but it needs to be put into perspective – lithium ion batteries used in smartphones, tablets, laptops, and countless other devices have an […]

Samsung’s mobile chief DJ Koh wants to earn back trust. Samsung outlined the conclusions from its investigation of the Galaxy Note 7 recall and handled its disclosure pretty well. Samsung also worked to restore some trust in its brand via its press conference in South Korea. But it remains to be seen how soon Samsung can escape its penalty box and juice sales of its upcoming Galaxy […]

By Naveen Thukral | SINGAPORE SINGAPORE Oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market. U.S. energy companies last week added the most rigs drilling for new production in almost four years. Drillers added 29 rigs in the week to Jan. 20, bringing the total count up to 551, the most since November […]

ABU DHABI // Heavy rain is expected in Dubai, Sharjah, Fujairah and Ras Al Khaimah on Monday with scattered showers forecast in the capital. The National Centre of Meteorology and Seismology warned against towering clouds over the northern and eastern parts of the country and strong winds of up to 60 kph. Motorists are advised to drive with caution as strong winds may pick up blowing dust, […]

January 23, 2017 by: Michael Peel in Manila Business from the US has driven a long boom in the Philippines’ flagship outsourcing industry, but potential political threats to ambitious growth plans now loom in both countries.  Global companies are scrambling to work out whether tough talk from Rodrigo Duterte and Donald Trump, the Philippine and US presidents, will mean trouble if they run operations in the Philippines.  […]

Zverev, a 29-year-old German born in Moscow, ambushed Murray with spectacular net play, sky-hook overheads that fell near the line and stab volleys that just dipped over the net. In an era dominated by baseline rallies, Zverev disrupted Murray by coming to the net 118 times in the match, winning 65 of those points. Continue reading the main story Zverev said his commitment to aggressive play kept […]

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Here are the market-related questions FT reporters will be examining this week, the first in which a Nato-ambivalent son of a New York property baron will command the world’s most powerful political office. Will the Trump-trades persist with the president in power? The post-election story in markets has largely been about what campaign promises turned into reality could do to a US economy already several years into […]

But by April, protests against Mr. Assad had spread throughout Syria. One summer day I joined a group of young women in an upscale neighborhood of western Aleppo. We walked through a market carrying banners critical of the regime. A few minutes later, pro-Assad militiamen arrived in several cars and began circling us. We ran. A girl and I who sought refuge in a house in an […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. The aura of numbers-crunching superstar Nate Silver was diminished by Donald Trump’s victory. He was seen as among the many missing the boat. Old media chortled at stumbling by a paragon of big data. Now comes Silver’s pre-inaugural revenge. He […]

Submitted by Robert Parry via The Strategic Culture Foundation, Whenever The New York Times or some other mainstream news outlet holds itself out as a paragon of professional journalism – by wagging a finger at some pro-Trump “fake news” or some Internet “conspiracy theory” – I cringe at the self-delusion and hypocrisy. No one hates fake news and fact-free conspiracy theories more than I do, but the […]

The Turners remember their son, who once weighed 235 pounds, dwindling to 100. At first, he lost strength in his left hand. And his left arm. Then his right arm and hand. Then his neck. His mother had to learn how to thicken water so he wouldn’t choke while drinking it, and how to clean his breathing and feeding tubes. By the end, Kevin couldn’t eat, drink, […]

ABU DHABI // Rain fell over parts of the country on Sunday with forecasters expecting more light showers throughout the day. Conditions across the country will be partly cloudy with a chance of rain over Abu Dhabi island as well as in northern and eastern coastal areas. The National Centre of Meteorology and Seismology said moderate winds are also expected. Humidity will increase overnight and early into […]

“I’m sorry,” said Ms. Najjar, 26, wiping her eyes. Hisham, who is shy and has large dark brown eyes, left the room to play with balloons. “It’s just that I almost lost him, not to violence or to war, but to diabetes.” A few birds singing in their cages brighten the grim space where Hisham’s family lives. But they also remind the family of what it left […]

By Michael Georgy | MOSUL MOSUL Residents of east Mosul held up their children and took selfies with Iraqi counter-terrorism commander Lieutenant General Abdul-Wahab al-Saadi after his men cleared Islamic State fighters from their neighbourhoods. But his tour on Saturday of homes once occupied by the militants was a reminder of the dangers ahead as security forces prepare to expand their offensive against the Sunni militants into […]

By Nandita Bose and Siddharth Cavale | CHICAGO CHICAGO U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins. An analysis of two important indicators of retail profitability, gross margins and operating margins, shows retailers like Kohl’s Corp (KSS.N), JC Penney Co Inc (JCP.N), Macy’s Inc (M.N) and Target […]

PENNE, Italy Five people have been confirmed dead at the hotel demolished by an avalanche in central Italy this week, and nine survivors have been pulled from the rubble, the national fire service said on Saturday. There were around 30 people in the Hotel Rigopiano when a tsunami of snow smashed into it on Wednesday, and around 15 are still unaccounted for. The body of one man […]

LONDON Paul Nuttall, who succeeded Nigel Farage in November as leader of Britain’s anti-EU UKIP party, said on Saturday he would stand for parliament in an election next month shaping up to be a big test for the main opposition Labour party. Nuttall will be a candidate in the Midlands constituency of Stoke on Trent Central which recorded one of the highest “Leave” votes recorded in last […]

President Trump’s brief inaugural speech was a declaration of war against the entirety of the American Ruling Establishment. All of it. As Paul Craig Roberts details, Trump made it abundantly clear that Americans’ enemies are right here at home: globalists, neoliberal economists, neoconservatives and other unilateralists accustomed to imposing the US on the world and involving us in endless and expensive wars, politicians who serve the Ruling […]

By Jamie McGeever and Marc Jones | LONDON LONDON For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar. The S&P 500 .SPX has fallen a median 2.7 percent in the month after each new president has taken the keys to the White House since Herbert […]

Donald Trump launched a promised assault on “burdens” imposed by government within hours of becoming US president on Friday by moving to loosen rules tied to Obamacare and halting the introduction of any new regulations. Between the end of the daytime inaugural parade and the start of evening balls, the Trump administration took its first major policy moves by ordering government agencies to do all they could […]

Half a dozen Premier League clubs had watched Burns at Southend. And the practice of investing so much money in so much raw talent is hardly a recent development: Raheem Sterling was 15 when he joined Liverpool from Queens Park Rangers for £500,000 in 2010, and Jordon Ibe, then 16, made the same journey from Wycombe Wanderers two years later. What has changed, though, is not just […]

Global sukuk issuance fell short of market expectations last year, although it was higher than in 2015, according to a new report by S&P Global Ratings. The agency said it believes the sukuk market will remain subdued in 2017, since the issuance process is still quite complex. When oil prices started falling in 2014, several market observers predicted an issuance boom from 2015, arguing that governments in […]

Donald Trump’s November victory ignited the steepest rally from election day to inauguration for a first-term president since John F. Kennedy won the White House in 1960. The charts below tell the tale of the vigorous, and in many ways unexpected, reaction to the rise of the billionaire property developer to the pinnacle of American politics. The S&P 500 index, a broad measure of the performance of […]

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