The U.S. job market saw a strong rebound in April, driving the unemployment rate to the lowest level in a decade. The economy saw 211,000 jobs added in April, according to new government data released on Friday, May 5. The job market boost dropped the unemployment rate to 4.4 percent, the lowest level since May 2007. The latest stats should calm some fears about the state of the […]
This post is a fictionalised thought experiment. YOU and YOU ALONE are in charge of what happens in this story. There are trade-offs, choices, and consequences. YOU must use all of your B.S.D. talents and much of your intelligence. Good luck. So… You’re the head of a trading desk, and you’ve felt a bit frustrated of late. Your desk trades government securities issued by the world’s largest […]
The campaign team of French presidential candidate Emmanuel Macron says it has been the victim of a “massive and co-ordinated” hacking operation ahead of Sunday’s election. Around nine gigabytes of data were posted online to Pastebin, a document-sharing site that allows anonymous posting. It was not immediately clear who was responsible for releasing the files. The documents, posted on Friday night, appeared to contain details of emails […]
Microsoft has shown how Windows Defender ATP detected anomalous updater behavior. Image: Microsoft Microsoft is warning software vendors to protect their updater processes after discovering a “well-planned, finely orchestrated” attack that hijacked an unnamed editing tool’s software supply chain. As Microsoft’s threat response group explains, the attackers used the update mechanism of a popular but unnamed piece of editing software to gain a foothold in several high-profile […]
The German luxury car maker BMW saw its net profit rise by nearly a third in the first three months of the year as sales increased, helped by profitable 4x4s and the 7-Series large saloon. The Munich-based firmr said Thursday that it made €2.15 billion (Dh8.62bn) in the first quarter, up 31 per cent on the €1.64bn in the year-earlier quarter. Profits were also boosted by a […]
You couldn’t rain on Wall Street’s parade. Despite Friday’s Manhattan downpour, a rebound in oil prices and an upbeat jobs report helped the S&P 500 log a new closing high. The benchmark index rose 0.4 per cent to a fresh high of 2,399.27 and was up 0.6 per cent for the week in its third consecutive weekly rise. The rally was led by the energy sector, which […]
By Lawrence Delevingne | NEW YORK NEW YORK Paul Singer’s hedge fund firm Elliott Management Corp raised more than $5 billion in about 24 hours this week, citing a major potential investment opportunity at a time when Singer said financial markets could face a disruption after being distorted by years of economic stimulus. Singer, in an email to investors on Wednesday announcing the offering of up to […]
The Week in Fact-Checking is a newsletter from the American Press Institute and Poynter. Want it in your inbox every week? Subscribe here. In 2016, U.S. fact-checkers drew record traffic — but the Pants-on-Fire candidate still became the Pants-on-Fire president. This complicated reality could have led to big changes to the ways fact-checking is conducted in America. Yet the formats, tone and methods adopted by fact-checkers have […]
Event opens with xx regional and international exhibitors showcasing Egypt’s mega projects such as The New Capital of Egypt and New El Alamein City 06 May 2017 H.E Sultan Butti bin Mijrin, Director General of Dubai Land Department, and in the presence of H.E. Dr. Mustafa Madbouli, Minister of Housing, inaugurated the 2017 Egypt Property Show (EPS) today (Friday, May 5, 2017) in Dubai World Trade Centre, […]
Iceland says its geothermal power station at Reykjanes can produce clean energy independent from fossil fuels by generating electricity from the heat stored inside the earth It’s named after a Nordic god and drills deep into the heart of a volcano: “Thor” is a rig that symbolises Iceland’s leading-edge efforts to produce powerful clean energy. If successful, the experimental project could produce up to 10 times more […]
The slowdown in the UAE’s non-oil real GDP growth appears to have bottomed out and Dubai can expect a 2 percent Expo 2020 boost to its GDP, according to a new report by Bank of America Merrill Lynch. Its report said that the UAE has managed a soft landing, with a less pronounced cycle than in the global financial crisis in 2008. It noted that incremental government […]
Authored by Jim Quinn via The Burning Platform blog, In Part One of this article I detailed how propaganda has been utilized by the Deep State for decades to control the minds of the masses and allow those in control to reap the benefits of never ending war. In Part Two I will discuss recent events, false flags, and propaganda campaigns utilized by the Deep State to […]
By Mark Hosenball and Phil Stewart | WASHINGTON WASHINGTON The U.S. Defense Department is finalising a lease on a privately owned apartment in New York’s Trump Tower for the White House Military Office to use for supporting President Donald Trump without providing any benefit to Trump or his organisation, according to a Pentagon letter seen by Reuters. The Military Office carries and safeguards the “football,” the device […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that likely seals the case for an interest rate increase next month despite moderate wage growth. Nonfarm payrolls surged by 211,000 jobs last month after a paltry gain of 79,000 in March, the Labor Department said […]
Less than two days before the final round of France’s presidential election, the political party of candidate Emmanuel Macron said its computer systems were hacked. The statement comes after thousands of alleged party-related documents — including emails, contracts and accounting documents — were leaked. The party, En Marche! (On the Move), said that some of the documents are valid and were obtained several weeks ago after both […]
The welcome Possessing one of the most majestic facades a hotel can have, with towering marble columns and maritime sculptures, London’s second Four Seasons opened this year in an exquisitely refurbished beaux arts building, once the grand headquarters of the Port of London Authority. I arrive via cab (make sure you specify the new Four Seasons at 10 Trinity so that the driver doesn’t confuse it with […]
In this Tuesday, Oct. 4, 2016, file photo, Google Home, right, sits on display near a Pixel phone following a product event, in San Francisco. Voice assistants such as Google Home, Apple’s Siri and Amazon Alexa have always been susceptible to accidental hijack. Burger King’s manipulation of Google Home illustrates the vulnerabilities intrinsic to voice assistants that can be targeted by brands, or worse, hackers. But the […]
ENEC completes handover of Unit 1 systems to KHNP for commissioning, marking end of initial construction activities for the first of four units of the Barakah Project KHNP will lead the commissioning work of the first UAE-based APR-1400, as part of the scope of the 2009 Prime Contract Federal regulatory approval from FANR, in addition to international nuclear assessments from IAEA and WANO, will be […]
Authored by Mike Krieger via Liberty Blitzkrieg blog, Poverty demoralizes. A man in debt is so far a slave; and Wall-street thinks it easy for a millionaire to be a man of his word, a man of honor, but, that, in failing circumstances, no man can be relied on to keep his integrity. – Ralph Waldo Emerson, Wealth Liberty Blitzkrieg readers know that I’ve been extremely critical of […]
Saudi Arabia should urgently review its definition of terrorism under a law used to prosecute non-violent journalists and human rights defenders, a United Nations special rapporteur said on Thursday. After a visit to the kingdom, Ben Emmerson told reporters that a 2014 counter-terrorism law contains an “unacceptably broad definition” of the crime and does not comply with international rights standards. “I strongly condemn the use of counter-terrorism […]
Authored by Mike Shedlock via MishTalk.com, Italy is increasingly dependent on the ECB to hold down bond yields as foreign investors dump Italian bonds like mad. Eurointelligence bills this as “Further Evidence of Capital Flight in Italy“. In a column earlier this week, Federico Fubini notes that, according to the Bank of International Settlements, in 2016 international banks reduced their exposure to Italy by 15%, or over $100bn, […]
WOLFSBURG, Germany Volkswagen (VOWG_p.DE) is targeting fixed productivity gains at its troubled core division through 2020 by pushing cost savings, stemming overseas losses and launching more higher-margin cars as the carmaker battles to overcome its emissions scandal. Positive development at Volkswagen’s namesake VW brand may continue throughout 2017, the carmaker said on Friday, building on a strong rebound in the first quarter when cost cuts helped operating […]
“Something is off,” warns RBC’s head of cross-asset strategy Charlie McElligott in the introduction to his latest market noting that the swing in US fiscal policy optimism is coming at a critical time as the China’s liquidity tightening is spooking the reflation story. SUMMARY: Movement on US fiscal policy is currently driving US rates and equities higher, counteracting the tremendous negative implications of this ‘Chinese tightening / […]
By Saikat Chatterjee | HONG KONG HONG KONG Asian stocks declined for a third consecutive day on Friday as fresh falls in commodities raised concerns about the health of the global economy, though the euro bucked the broad weakness on receding concerns about France’s presidential election. Chinese stocks led regional losers, falling to a three-month low as concerns about tighter financial regulations weighed on banking shares while […]
