Tim Berners-Lee, Web Foundation founder and the inventor of the world wide web, has published his take on what needs to be done to ensure the future of the web fulfils his vision of an equalising platform that benefits all of humanity, including tackling fake news, political advertisement, and data sovereignty. Marking 28 years since Berners-Lee submitted his original proposal for the world wide web, the now-53 […]
Image copyright Charles Fox Cambodia’s construction industry is booming, and high-rises are being built across the capital of Phnom Penh. With the city’s population doubling over the past four years, it has begun its transformation into a sprawling metropolis. The industry employs a large number of migrant workers who flock to the capital in search of work. Image copyright Charles Fox Around a third of these workers […]
The Trump administration’s sweeping dismissal of dozens of US attorneys held over from the Obama administration leaves the president with sudden gaps in top law enforcement positions across the country. The swift dismissals which began with Friday phone calls from Dana Boente, the acting deputy attorney-general, to 46 US attorneys, now puts pressure on the Trump administration to select candidates who will pass congressional scrutiny to fill […]
LONDON HSBC Holdings Plc is lining up Mark Tucker, currently chief executive of insurer AIA Group Ltd, to be the next chairman of Europe’s biggest bank, sources with direct knowledge of the matter said on Sunday. Regulators in Hong Kong and London have signaled they will approve the appointment, one of the sources said, paving the way for Tucker to take up the role in the autumn. […]
Doha, Qatar – 12th March 2017 Nakilat held its Annual General Meeting (AGM) for the financial year 2016 and Extraordinary General Meeting (EGM). During the AGM, Nakilat’s Board of Directors stated that the company achieved a net profit of QR 955 million compared to QR 984 million for the year 2015. The General Assembly reviewed and approved all its agenda. The Board of Directors stated that despite […]
Ransomware has become one of the most notorious threats on the web. Image: iStock No wonder ransomware has become one of the biggest menaces on the web; a third of organisations across the globe which became infected by the file-encrypting malware in the past 12 months gave into the demands of hackers in order to regain access to their locked data. With attacks of this kind being […]
Chinese leasing companies have taken ownership of hundreds of vessels in deals worth tens of billions of dollars in the latest sign of the industry’s rapid transformation amid a long-running financial crisis. The deals made by Chinese companies, including the leasing businesses of ICBC, China Minsheng Bank and Bank of Communications, have provided badly-needed financing for shipowners as miserable trading conditions dominate most shipping sectors. Although there […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on the European Central Bank strategy, green investment and the future of India’s economy. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Olivier Garnier, a group chief economist at Société Générale, looks at the European Central Bank’s exit strategy from ultra-loose monetary […]
PARIS Francois Fillon’s party has apologised for tweeting a caricature of Emmanuel Macron, his main rival in the race to be France’s next president, that Fillon himself admitted was anti-Semitic. Fillon’s conservative The Republicans tweeted an image of the independent centrist Macron with a hooked nose, wearing a top hat and carrying a red sickle with which he was cutting a cigar. The image resembled anti-Semitic propaganda […]
PolitiFact, the national political fact-checking franchise started by the Poynter-owned Tampa Bay Times, has lost seven of its statewide partners since the presidential campaign. Partners in Providence, Rhode Island, Des Moines, Iowa and Richmond, Virginia all discontinued their PolitiFact franchises within the last year, according to a report from the Duke Reporters’ Lab. E.W. Scripps Television Stations, which operated four statewide PolitiFact affiliates, opted not to renew […]
By Angela Moon | NEW YORK NEW YORK For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc. The stock of Snapchat’s parent company has been on a roller-coaster ride since its market debut last week, surging more than 70 percent from the initial public offering price in the first two days of trading and […]
Here are the main questions facing investors and markets as a new trading week beckons. What will the Federal Reserve say?Sometimes words matter more than action. A quarter percentage point tightening is all but baked in after the February jobs report, when 235,000 jobs were created — eclipsing market expectations. Of greater importance is whether Fed officials indicate a willingness for a faster rate of tightening in […]
MANILA Negotiators from the Philippine government and Maoist-led rebels have reached an agreement to resume formal peace negotiations next month, a month after an angry President Rodrigo Duterte cancelled talks after rebels ambushed soldiers. The two sides would hold talks in the first of April to work out a bilateral ceasefire, Duterte’s peace adviser Jesus Dureza said after two-day informal talks in Utrecht over the weekend. “I […]
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Saturday, opens Oumolat Security Printing, a banknote printing company in Khalifa Industrial Zone Abu Dhabi. Wam Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, is briefed by the Governor of the UAE Central Bank Mubarak Rashed Al Mansoori about the facility’s production machinery. Wam Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on […]
European leaders are preparing for Britain to begin Brexit imminently, amid signs that Theresa May could activate Article 50 divorce proceedings as early as Tuesday. During a summit of the remaining 27 EU members in Brussels on Friday, leaders were told to expect London to trigger exit talks next week and to prepare for a Brussels gathering on April 6 to respond to Britain’s formal letter of […]
Authored by Federico Pieraccini via The Strategic Culture Foundation, While the world continues to decipher, or digest, the new Trump presidency, important changes are afoot within the grand strategic triangle that lies between Russia, Iran and China Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for the future of […]
DUBAI // Lubna is a 38-year-old mother who fears she will soon be forced to live on the streets, along with her three-year-old son. She lives in a rented flat paid for by a benefactor. “It’s paid for until the middle the month but then I am on the streets,” she says. Lubna wasn’t always living with the threat of homelessness. She came to Dubai seven years […]
The Trump administration on Friday asked all remaining US attorneys appointed by Barack Obama to tender their resignations, including Preet Bharara, the top prosecutor in Manhattan. Dana Boente, acting deputy attorney-general, phoned the 46 US attorneys appointed by the previous administration and asked them to step down. The order from attorney-general Jeff Sessions came as a surprise to many in the Department of Justice. In November Mr […]
Hedge funds run by women have outperformed a broader benchmark of alternative investment managers over the past five years, raising fresh questions about why there are so few female portfolio managers. The HFRI Women index has returned 4.4 per cent over the past five years, compared with a 4.2 per cent return for the HFRI Fund Weighted Composite index, a broader gauge of hedge funds across all […]
While CNBC and the financial media continue to rave about stocks being near their all-time highs, beneath the surface of the market we are seeing signs of big trouble. Consider the following… As Michael Batnick noted last week, the S&P 500 as a whole is just 1.6% off its all time highs, but the average stock is down 9.6% from its 52-week high. Put another way, while […]
The Supreme Court on Tuesday asked the Centre to submit six reports from various agencies in connection with the investigation into the Panama Papers leak. The apex court has given four weeks’ time to file the reports and said would then decide if the case merits a probe by a special investigation team. The court will take up the matter again on April 18, reported ANI. In […]
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. British reporter Iona Craig went to the al Ghayil, the Yemeni town stormed by Navy SEALs in the raid that President Trump says was a great success even as it claimed the life of the operator whose widow was honored […]
This report marks the end of a series of three big trains of thought. The first explained how we’re living through the Mother Of All Financial Bubbles. The next detailed the Great Wealth Transfer that is now underway, siphoning our wealth into the pockets of an elite few. This concluding report predicts how these deleterious and unsustainable trends will inevitably ‘resolve’ (which is a pleasant way of […]
By Trevor Hunnicutt and Gertrude Chavez-Dreyfuss | NEW YORK NEW YORK The U.S. Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency. Investors Cameron and Tyler Winklevoss have been trying for more than three years to convince the SEC to let it bring the Bitcoin ETF to market. CBOE […]
