Donald Trump has attacked civil rights icon John Lewis on the weekend that the US celebrates the life of Martin Luther King Jr, sparking another controversy for the president-elect just days before he is due to take office. Mr Trump took to Twitter to criticise Mr Lewis after the long-serving Democratic congressman spoke out against Jeff Sessions, Mr Trump’s nominee for attorney-general and alleged that he did […]
There is no guarantee that all will go according to plan, of course. Israel struggled for years to develop regulations to manage its newfound wealth. The international energy firms that Israel is now courting have other options in an evolving global market. And the politics of a new era, as President-elect Donald J. Trump encourages assertive Israeli action in Jerusalem and the West Bank, could kindle fresh […]
|By Saifur Rahman| Sales transactions fall 20.76% to Dh103 billion The total value of land transactions declined marginally by 2.99 per cent to Dh259 billion in 2016, down from Dh267 billion recorded in 2015, and 18.8 per cent up from Dh218 billion recorded in 2014, according to Dubai Land Department (DLD) reports. The number of real estate transactions also declined 4.9 per cent to 60,595 last […]
Video Deadly Checkpoint Attack in Egypt’s Sinai An attack by militants on an Egyptian police checkpoint in the northern Sinai Peninsula left at least nine people dead on Monday. The group rammed a stolen garbage truck packed with explosives into the checkpoint, setting off clashes with security forces, officials said. Publish Date January 9, 2017. Photo by European Pressphoto Agency. Watch in Times Video » CAIRO — […]
Wells Fargo has laid down plans to close at least 400 branches over the next two years as part of a push to cut costs as the US bank tries to recover from the scandal over sham accounts. The San Francisco-based lender, which operates more than 6,000 branches across the country, is accelerating closures as it aims to reduce about $2bn in expenses by the end of […]
Qatar is regaining its appetite for deals. In the past two months alone, the world’s richest country per capita invested in Turkey’s biggest poultry producer, Russian oil giant Rosneft PJSC, and U.K. gas company National Grid Plc. The investments have been made through the Qatar Investment Authority, created in 2005 to handle the country’s windfall from liquefied natural gas sales, of which it is the world’s biggest exporter. […]
By Lisa Richwine | LOS ANGELES LOS ANGELES Sony Entertainment Chief Executive Michael Lynton will step down to become chairman of messaging app owner Snap Inc, a move that puts an experienced Hollywood executive in a prominent role as the technology company prepares for an initial public offering. Lynton will give up his current role at Sony’s movie and television unit on Feb. 2 but remain as […]
Revolutions are only relevant until the next revolution comes along. Over the past decade, the smartphone revolution has fundamentally upended daily life. Walk through any public space and you will find people of all backgrounds transfixed by pocket-sized, rectangular obelisks. These little wonder slabs magically connect us to the rest of humanity and are personal windows into the digital ghost dimension that flows beneath civilization’s surface. […]
Michael Lynton is stepping down as chief executive of Sony Entertainment to become chairman of Snap, the owner of messaging start-up Snapchat that is heading towards an initial public offering this year with a likely valuation of about $25bn. Mr Lynton has had a long friendship with Evan Spiegel, Snapchat’s founder, and was also an early investor in the company. “I have been involved with Evan and […]
Rainfall records are being broken in the San Francisco Bay Area: six inches since the start of the year, the most since 1982. Local drivers react by randomly deploying wipers, brakes and lights; it is no surprise that autonomous cars are being developed here. Other Silicon Valley records look equally hazardous. The technology-dominated Nasdaq Composite index has set further highs this week and stands more than 10 […]
By Kylie MacLellan | LONDON LONDON The British government must publish a detailed plan for Brexit by mid-February setting out its position on future membership of the European Union’s single market and customs union, a committee of lawmakers said in a report published on Saturday. Parliament’s Exiting the EU committee, made up of lawmakers from several parties including Prime Minister Theresa May’s Conservatives and opposition Labour, also […]
There is a reason Rolls-Royce Motors appointed its youngest-ever chief executive in 2010. “I don’t want to say the brand would die, but the brand would never have had the success it has had over the last couple of years if we hadn’t rejuvenated it,” CEO Torsten Müller-Ötvös boasts. He is probably right. Until a couple of years ago, the English automobile brand was predominantly known as […]
Dubai’s office market saw the delivery of 129,000 square metre of gross leasable area (GLA) in 2016, bringing the total stock to 8.55 million square metres, according to a JLL report. JLL’s Year in Review 2016 said the majority of these completions were in Business Bay and TECOM A & B, with about 10,300 square metres of office space completed in the final quarter of 2016. Vacancy […]
A trading surge powered by Donald Trump’s victory has helped two of the three biggest US banks boost quarterly profits, fuelling hopes Wall Street can extend its post-election resurgence. JPMorgan Chase’s trading business, the largest in the world by revenues, produced its best ever fourth-quarter. Net income jumped 96 per cent from a year earlier to $3.43bn. At Bank of America’s global markets business, net income soared […]
Theresa May, the UK prime minister, bookended a volatile week for sterling, prompting a sharp rise in the cost of hedging against falls in the pound as she prepares to set out more information about her Brexit negotiating strategy. The pound rallied against the dollar on Friday, at one stage rising 0.6 per cent to regain the $1.22 mark. But traders are positioned for sterling to fall, […]
Throughout the presidential campaign and since Donald Trump’s election, former diplomats, retired generals, and foreign-policy analysts have attempted to decipher, explain, and predict his foreign-policy strategy. Will he pursue the big-stick model of Teddy Roosevelt? Embrace a neo-Nixonian “madman” strategy? Is Trump actually a champion of foreign-policy realism, or perhaps no realist at all? But all those questions make the same mistake — they assume the incoming […]
BlackRock says it will raise its quarterly dividend after reporting the largest net inflows of new client money in its history in 2016, despite a 5 per cent fall in net income for the year. Reporting its fourth quarter and full-year results, the world’s largest asset manager said that it took in total net inflow of $202bn in 2016, as its total assets under management rose by […]
U.S. President-elect Donald Trump on Friday reprised his election campaign attacks on Democratic rival Hillary Clinton, declaring her “guilty as hell” and deriding her supporters’ criticism of how the FBI handled an investigation into her emails. The U.S. Justice Department said on Thursday it would investigate an FBI decision to announce an inquiry into Clinton’s emails shortly before the Nov. 8 election, a move she has blamed […]
Security researcher Niall Merrigan estimates that more than 600 Elasticsearch instances have now been hit. Image: Niall Merrigan/Twitter Hundreds of Elasticsearch instances have been wiped in the past few hours, in near-identical ransom attacks to those that have hit more than 34,000 unsecured MongoDB databases over the past week. Developers running Elasticsearch servers are being warned to conceal them from the web to avoid being targeted by […]
The debate over what yield on the 10Y spells the end of the 30 year bond bull market, and would spillover into selling among other asset classes, is heating up. Earlier this week, in his monthly annual letter Bill Gross wrote that 2.6% is the only level for the market that matters: “This is my only forecast for the 10-year in 2017. If 2.60% is broken on […]
By Jamie McGeever | LONDON LONDON European and U.S. stocks looked to end a sluggish week on a high note on Friday, while the dollar was on track for its biggest weekly fall in two months and U.S. bond yields eyed their longest run of weekly declines since July. Investors largely shrugged off figures that showed Chinese exports fell the most last year since 2009, and will […]
Below the street, in their dressing rooms, the Housewives breathed through the tension. They had lived their reality on camera and watched the results. They had heard their Housewife colleagues talk about their behavior in on-air interviews. And they had built within themselves a caldron of anger, resentment and oh, yeah?s to what they had seen. So as not to dilute their fury, so as not to […]
Friday 04:50 GMT Overview Asian stocks were mixed in the wake of a retreat by US stocks and the dollar as investors continued to assess the fallout from Donald Trump’s combative press conference on Wednesday. What to watch Shares in Nintendo were down 2 per cent after the company announced details about its new Switch video game console, including price and technical specifications. The device, a hybrid […]
SACRAMENTO, Calif. Several months of wet weather have dramatically eased California’s years-long drought, replenishing reservoirs and parched aquifers and forcing state water officials to switch – at least temporarily – from managing shortages to avoiding floods. With rain continuing to fall following a deluge that brought 20 inches (50 cm) of precipitation to some areas this week, the snowpack in the Sierra Nevada mountains – crucial for […]
