Since the start of the 21st century the South American nation of Suriname, population 540,000, has been riding a commodity boom that yielded major benefits for a country rich in bauxite, gold, oil and bananas. From 2000 to 2014, annual per capita income more than quintupled to almost $10,000. Child mortality fell by a third. A child born there today can expect to live to 70, up […]
The FTSE 100 notched up its longest run of record highs on Tuesday as another low for sterling helped the UK’s blue-chip index outperform European peers. The main London benchmark added 0.5 per cent, up 37.7 points to 7,275.47. It was the FTSE’s ninth consecutive record-high close as well as its 11th consecutive gain, a winning streak it has only equalled three times — in 1997, 2004 […]
Close on the heels of plans for the first-ever Apple Store in Seoul, South Korea, Apple is all set to embark on building an underground retail store in the historic Liberty Square in Milan. For the unfamiliar, Piazza del Liberty – popularly called the Liberty Square – is one of the most populous metropolitan areas in Italy. The city’s planning department has approved of the construction last month based on […]
By Syed Raza Hassan and Saad Sayeed | KARACHI/ISLAMABAD KARACHI/ISLAMABAD Pakistan’s major opposition parties expressed scepticism on Tuesday about the government’s proposal to revive special military courts to try civilians charged with terrorism, potentially jeopardising a proposed constitutional amendment. Prime Minister Nawaz Sharif’s office said on Monday that it would seek to keep military courts in place, days after the secret tribunals’ original legal mandate had expired. […]
Submitted by Soeren Kern via The Gatestone Institute, Sharia courts administering Islamic justice in Britain are run by clerics who believe some offenders should have their hands chopped off, according to Muslim scholar Elham Manea. She described the prevailing attitude as “totalitarian” and as more backward than some parts of Pakistan. Teaching children fundamental British values is an act of “cultural supremacism,” according to the National Union […]
Razer stole the show at CES 2017 and had attendees in awe with its gorgeous Project Valerie and other ambitious concepts, but it apparently raised more interest than it bargained for. As it turns out, someone found Razer’s latest gadgets so exciting and decided to steal them right from the company’s CES booth. More specifically, someone stole two Razer prototypes from the show, but it remains unclear […]
Yep, it’s still falling. Turkey’s battered currency is taking no break from its recent woes at the start of European trading this morning and is down another 1.2 per cent against the dollar on the day. That takes its 2017 losses to an already whopping 7 per cent against the greenback at TRY3.7589 – another record low having suffered its worst daily blow since July just yesterday. […]
By Tom Miles | GENEVA GENEVA Smoking costs the global economy more than $1 trillion a year, and will kill one third more people by 2030 than it does now, according to a study by the World Health Organization and the U.S. National Cancer Institute published on Tuesday. That cost far outweighs global revenues from tobacco taxes, which the WHO estimated at about $269 billion in 2013-2014. […]
John Krafcik, CEO of Waymo, the autonomous vehicle company created by Google’s parent company, Alphabet introduces a Chrysler Pacifica hybrid outfitted with Waymo’s own suite of sensors and radar at the North American International Auto Show in Detroit, Sunday, Jan. 8, 2017. (AP Photo/Paul Sancya) Waymo, Google’s self-driving car division, will start testing its new fleet of minivans on public roads in California and Arizona later this […]
As the country’s devout come together in mosques to pray for rain on Tuesday morning, farmers across the UAE have said they have been forced to stop planting crops and in some case abandon their plots of land altogether due to a lack of water. Mohammad Al Darmaki, a farmer from Kalba, said the problem has gotten so bad he has stopped working on his land. He […]
The real reason Windows has sunk below the 50-percent mark is that smartphones and tablets are continuing to grow while the desktop keeps shrinking. Image: Nate Ralph/CNET Windows is still the most popular end-user operating system, but it’s now used by less than half of the visitors to the federal government’s websites. Windows has fallen to less than half of web visitors to US government websites. The […]
Submitted by Lance Roberts via RealInvestmentAdvice.com, THE ADDICTION Those who’ve had any brush with addiction know an addict will go to any length to support the habit, including stealing, lies and deception. The addict is aided and abetted by co-dependent friends and family members who cover up for the addict’s bizarre behavior and pretend nothing’s wrong. Breaking the addiction starts with the co-dependents recognizing their role and […]
Bigger may not always be better when it comes to beverage companies. Goldman Sachs analysts, in a note on Monday, downgraded shares of Coca-Cola to “sell” while upgrading Dr Pepper Snapple to “neutral,” saying that the policy winds of 2017 may blow more favourably for US-centric companies than multinational players. A key headwind facing multinationals such as Coca-Cola in 2017 is the strong US dollar, which recently […]
By Svea Herbst-Bayliss | HARTFORD, Conn. HARTFORD, Conn. Boston Fed President Eric Rosengren on Monday called for the U.S. central bank to step up its pace of interest rate increases from the once-a-year pattern it has pursued since 2015, warning of inflation risks if it does not. “I expect that appropriate monetary policy will need to normalize more quickly than over the past year,” Rosengren told the […]
Even as unsuspecting travelers at Florida’s Fort Lauderdale Airport were witnessing the first round of the horrifying attacks, they had to grapple with a situation that created further panic – rumors of shooting by a second gunman. As Tech Times reported on Jan. 8, a MacBook Pro saved the life of a traveler who had been shot at by the gunman identified as Esteban Santiago. The gunman had pulled […]
|By Arabian Post Staff| Saudi Arabia is working with PricewaterhouseCoopers on plans to cancel about $20 billion of projects as the kingdom seeks to shore up its finances, Bloomberg reported quoting sources. The Ministry of Economy and Planning hired the consultancy firm to review $69 billion of government contracts with a view to cutting about a third of them, it quoted sources as saying. Projects under review […]
By Jonathan Landay | WASHINGTON WASHINGTON The risk of conflicts between and within nations will increase over the next five years to levels not seen since the Cold War as global growth slows, the post-World War Two order erodes and anti-globalization fuels nationalism, said a U.S. intelligence report released on Monday. “These trends will converge at an unprecedented pace to make governing and cooperation harder and to […]
The pound was the biggest faller on foreign exchange markets on Monday, sliding to its lowest level against the dollar since late October, after Theresa May warned there was no prospect of Britain keeping “bits” of EU membership. In an interview at the weekend, the UK prime minister told Sky News that “often people talk in terms as if we are leaving the EU but we still […]
After one of the most tumultuous years in its modern history, Turkey is struggling to convince global investors to look beyond economic weakness and political risk. Fund houses willing to bet on countries such as South Africa, where a corruption scandal is consuming the ruling ANC party, and Brazil, where President Michel Temer is battling to save his administration from corruption investigations, say the headwinds facing Turkey […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell early on Monday as Iran increased exports undermining efforts by other oil producers to curb a global fuel supply overhang and as U.S. drillers increased activity for a 10th week. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $56.97 per barrel at 0019 GMT, down 13 cents from their last close. U.S. West […]
One of the more cherished bits of jargon used in finance is an idea that cash may sit on the sidelines, as if piles of notes are substitute players ready to dive into the great game of markets. Investors are still sitting on large piles of cash, holding nearly 5 per cent of their portfolios in spare liquidity in December, according to data from BofA Merrill Lynch. […]
The unveiled Fiat Chrysler Portal Concept car during the Fiat Chrysler press conference at the 2017 Consumer Electronics Show (CES2017) in Las Vegas The car of the future doesn’t just want to drive you. It wants to know you. The automotive technology showcased at the Consumer Electronics Show over the past week was in part about self-driving vehicles, but also about personalizing the driving experience. Artificial […]
Last year was truly unforgettable. It is the year we celebrated Mara’s 20th anniversary and launched three new businesses: an infrastructure investment vehicle for Africa; an online jobs portal, Mara Jobs; and a last-mile delivery business, Mara Xpress. It is also the year we launched the inaugural Ashish J Thakkar Global Entrepreneurship Index 2016 to better understand entrepreneurial environments around the world. But perhaps what will stick […]
In October 1938, the one-hour adaptation of H G Wells’s The War of the Worlds, directed by Orson Welles, was broadcast on CBS Radio in the United States. A story of aliens invading rural New Jersey rendered as news broadcasts and authentic-sounding updates, it was a little too convincing. There are legends of panic in the streets, mass hysteria and heart attacks. That may have been the […]
