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Mohammed Ahli: Our airports are gearing up to serve up to 146 million passengers by 2025 Via Dubai Security Supplement features Angela Gittens of ACI and Michael Herrero of IATA Dubai, December 22, 2016: Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA) and Chairman of Dubai Airports, said Dubai has successfully transformed innovation into a working culture in the government […]

By Lawrence Delevingne | NEW YORK NEW YORK When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York-based firm felt some vindication. But the possibility that each defendant might face prison terms has done little to soothe their […]

By Rodrigo Campos | NEW YORK NEW YORK The year-end stocks rally on the heels of the election of Donald Trump as U.S. president was built on expectations of reduced regulations, big tax cuts and a large fiscal stimulus. Now signs are emerging from the Trump camp that harsher trade policies that could jeopardize the honeymoon are likely in the offing, and investors would be well advised […]

Getting $45 million in new work In the complaint, the whistleblowers said that when they originally lodged accusations of mismanagement — several years earlier — Bechtel project leaders launched a coordinated lobbying campaign to defend their work and also to collect new revenues for additional work on the waste treatment plant project. It then billed the department for the costs of this lobbying, the complaint said. In January 2010, […]

Porsche has won a key victory in its efforts to dismiss claims against the company for billions of euros of damages relating to its failed takeover of Volkswagen in 2008. Porsche Automobil Holding SE said on Friday that Germany’s federal court of justice, the country’s highest civil court, had dismissed a claim for €1.2bn brought by 19 hedge funds. When Porsche revealed in 2008 that it owned […]

“The boundaries of uncertainty have increased [for fixed-income markets],” says Dan Ivascyn, chief investment officer at Pimco, the bond specialist that invests more than $1.5tn. “Rates certainly can go higher.” What is clear for bond investors is that they face a true test of their convictions in 2017 after an end to 2016 that challenged the consensus of low inflation and rates that, at one point, drove […]

On April 7, 14 large blue letters quietly disappeared from the outer walls of an office building in an exclusive neighborhood in northern San Salvador. One by one, the letters came down from the blue and beige stucco walls, leaving behind faint traces of the name of the law firm that had been working there just days before: M-O-S-S-A-C-K-F-O-N-S-E-C-A. Employees of the El Salvador branch of Mossack […]

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Weakening encryption is against US nation interests, says a congressional working group. Image: iStockphoto Any attempt to weaken encryption is against the national interest, a group of US lawmakers has warned. The widespread use of strong encryption has lead to complaints from law enforcement agencies that they are unable to access to communications of criminals – the so-called ‘going dark’ issue. This has lead to calls for […]

A hundred years ago, an arms race between the dominant global superpower the (British Empire) and a rising power (Kaiser Wilhelm’s Germany) culminated in the mass slaughter of World War One. The deep mistrust between the United States and the People’s Republic of China has all the potential to spawn a traumatic chapter in international relations. Despite its “pivot” to Asia, the Obama White House was cautious […]

AJMAN // The sight of dozens of malnourished stray cats and kittens on the streets of Ajman was enough to convince Alia Alchamaa to make the 140-kilometre round trip from her home in Dubai each day to help them. The Syrian travels to the corniche and the Al Nuaimia 3, Al Bustan, Al Rashidiya and Mowaihat neighbourhoods feeding as many of the animals as she can, paying […]

By Timothy Mclaughlin and Renita D. Young | CHICAGO CHICAGO A Singaporean blogger who has stirred controversy in his home country is being detained by U.S. immigration officials, the Department of Homeland Security said on Friday. Amos Yee, 18, who was jailed earlier this year in the Southeast Asian city-state, was stopped by customs agents at Chicago’s O’Hare International Airport on Dec. 16 as he sought political […]

By Warren Strobel and Arshad Mohammed | WASHINGTON WASHINGTON U.S. President-elect Donald Trump’s transition team has asked two Cabinet departments for the names of government officials working on programs to counter violent extremism, according to a document seen by Reuters and U.S. officials. The requests to the State Department and the Department of Homeland Security involve a set of programs that seek to prevent violence by extremists […]

WASHINGTON U.S. federal authorities cautioned local law enforcement on Friday to be aware that supporters of Islamic State have been calling for their sympathizers to attack holiday gatherings in the United States, including churches, CNN reported. The warning, issued in a bulletin to local law enforcement, said there were no known specific, credible threats, CNN said. The notice from the Federal Bureau of Investigation and Department of […]

By Melissa Fares and Andrew Osborn | WEST PALM BEACH, Fla./MOSCOW WEST PALM BEACH, Fla./MOSCOW U.S. President-elect Donald Trump upped the stakes on Friday in a back-and-forth exchange with President Vladimir Putin over nuclear weapons that tested the Republican’s promises to improve relations with Russia. Offering a glimpse of how he might conduct diplomacy after taking office on Jan. 20, Trump reportedly welcomed a nuclear arms race […]

The U.S. Department of Justice has subpoenaed a high-profile whistleblower in its criminal investigation into Wells Fargo & Co’s (WFC.N) opening of accounts without customer permission. U.S. prosecutors in San Francisco have asked Wells Fargo banker Yesenia Guitron, who lost a private lawsuit against the fourth-largest lender, to testify before a grand jury in San Francisco on Tuesday, according to a subpoena dated Dec. 12, which was […]

When is barking at a police officer grounds to be shot? When it’s a pit bull doing the barking, according to a federal appeals court opinion. The ruling this week by the Sixth U.S. Circuit Court of Appeals was in a lawsuit brought by a Battle Creek, Mich., couple who alleged that their constitutional rights […] (via WSJ)

The man suspected of attacking a Berlin Christmas market has been shot dead by police near Milan in Italy, closing a chapter on one of Germany’s worst terrorist incidents. Anis Amri, a 24-year-old Tunisian with links to Italy, died after being confronted by police near the Italian city early yesterday. Isis later released a video of Amri pledging allegiance to the militant group and promising to “slaughter” […]

Fotowatio Renewable Ventures (FRV), a developer of large-scale solar power plants and part of Saudi-based Abdul Latif Jameel Energy, has been awarded a 30-year 300MW solar project in Mexico. With this build-operate-own agreement, FRV said it is extending its global footprint into the Mexican market at a rate of $26.99/MWh for the first 15 years of the project. The construction of the plant will begin in mid-2018 […]

Good morning. A media A-list’s favorite books of 2016 Jake Tapper, the CNN reporter-show host, needed far less time than even a hyperactive wire service rewrite guy to answer a question about his favorite book this year: “‘Moonglow’ by Michael Chabon.” Bam, that didn’t take long. But it’s why amid a Trump- and-terrorism-centric moment, I asked busy and smart journalists to go high when so many others […]

By Tom Westbrook | SYDNEY SYDNEY Australian police said on Friday they had foiled a plot to attack prominent sites in the city of Melbourne with a series of bombs on Christmas Day that authorities described as “an imminent terrorist event” inspired by Islamic State. Police laid terrorism charges against one man, and were expected to charge at least three others, after authorities conducted overnight raids on […]

Deutsche Bank and Credit Suisse have agreed to pay out billions to resolve a probe into the alleged mis-selling of mortgage-backed securities at the height of the US housing bubble, striking deals before the Trump administration takes power. The deals came as federal prosecutors announced they were suing Barclays and two of its executives over the issue of allegedly fraudulent residential mortgage-backed securities. The suit followed the breakdown of talks […]

Law Blog rounds up the morning’s legal news: VW buy-back: Volkswagen agreed to pay around $1 billion to repurchase or fix an additional batch of diesel-powered vehicles tainted with emissions-cheating software, resolving what had become a sticking point more than a year into Volkswagen’s diesel-emissions crisis. [WSJ] Unrevealing: A newly unsealed search-warrant application in the Clinton probe confirms the FBI found thousands of emails potentially linked to […]

NEW YORK A New Jersey man groped a woman during a transcontinental flight and then apologised in a pair of notes in which he acknowledged his actions were “stupid,” U.S. authorities said on Thursday. Ganesh Parkar, 40, of Windsor appeared in federal court in Newark, New Jersey, on Thursday to face a charge of abusive sexual contact, one day after the overnight Air India flight from Mumbai […]

By David Shepardson | WASHINGTON WASHINGTON A federal judge said on Thursday that Volkswagen AG (VOWG_p.DE) has reached an agreement in principle to provide “substantial compensation” to the owners of about 80,000 3.0-liter polluting diesel vehicles, a key hurdle to resolve the German automaker’s emissions scandal. U.S. District Judge Charles Breyer did not disclose the amount of owner compensation, which is not included in a $1 billion […]

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