The Supreme Court on Tuesday asked the Centre to file the six reports of various agencies in a sealed cover within four weeks in connection with the Panama papers leak case. Lawyer Manohar Lal Sharma had filed a plea in the apex court seeking a thorough investigation into the case. The apex court said after going through the reports it would see whether […]
GoldenEye ransomware targets human resources departments because they’re used to opening emails and attachments from unknown sources. Image: Ali Donzanti What is a ransomware attack? Cybercriminals didn’t use to be so obvious. If hackers infiltrated your corporate network, they would do everything possible to avoid detection. It was in their best interests not to alert a victim that they’d fallen victim to cybercrime. But now, if you […]
Donald Trump is not alone. When the US president complained, just before taking office, at the size of his country’s trade gap with Germany, he highlighted an issue that has long been the source of irritation in Washington and beyond. It is a topic that is now also stimulating debate within Germany — with possible consequences for the country’s trade ties with the rest of the world […]
Few institutions embodied the eurozone crisis more clearly than Bankia, the Spanish lender which was bailed out in 2012. Yet you would have been hard pressed to see any signs of that as the lender tapped debt markets this month. The bond sale by Bankia, still majority owned by the Spanish government, attracted almost €5bn in orders for the €500m of debt it sold. Its “tier 2” […]
07 March 2017 Geneva – The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 6.9% in January 2017 compared to the year-earlier period. While this was down from the 10% annual growth recorded in December 2016 it still was well above the average annual growth rate of 3% over the past five years. Growth […]
IT services provider Empired has been awarded a contract worth AU$15 million to provide the Western Australian government with cloud services as part of the state’s GovNext-ICT project. Perth-based Empired will provide the WA government with centralised directory services, centralised identity services, and certificate authority under a consumption-based model, with the potential to scale beyond 140,000 government users based on agency take-up of the GovNext-ICT platform. The […]
New Delhi [India], Mar. 7 (ANI): The Supreme Court on Tuesday will hear the petition seeking a detailed court monitored investigation against the Indian offshore account holders and stock market regulators, whose names had been exposed in the Panama papers leak case. The petition was filed by Supreme Court advocate Manohar Lal Sharma, seeking an apex court-monitored probe into the matter. Many Indian industrialists and celebrities have […]
Monday 21:56 GMT Overview Global equities sold off on Monday, encouraging flows into sovereign debt, after Asian markets were rattled by North Korea firing missiles into the Sea of Japan and the Federal Reserve’s interest rate meeting drew nearer. US President Donald Trump’s latest spat with the country’s security services may also be damping the mood somewhat as markets continue to price in a rate rise by […]
It is a year and a half since the leak of the 11.5m documents related to international financial structures that came to be known as the “Panama Papers”. On 2 and 3 March a European Parliament committee of inquiry was in Luxembourg to check on the country’s response, as part of broader ongoing investigation. The leak of documents belonging to Panamanian law firm and corporate service provider […]
JERUSALEM: Israel’s defense minister said Monday the US has notified Israel that imposing Israeli sovereignty over the West Bank would lead to an “immediate crisis” with the Trump administration.“We received a direct message — not an indirect message and not a hint — from the United States. Imposing Israeli sovereignty on Judea and Samaria would mean an immediate crisis with the new administration,” Defense Minister Avigdor Lieberman […]
Bloomberg is fighting to keep the bond house Pimco as a customer on its platform to buy and sell Treasuries, as the advance of automated trading reshapes the $14tn US government debt market. Pimco, one of the most influential debt investors with almost $1.5tn of assets under management, is working on a tie-up with rival trading venue Tradeweb, according to people with knowledge of the discussions, escalating […]
Most entrepreneurs occasionally face unfavourable circumstances, from underperforming staff or chronic complaining customers to difficult economic conditions, mounting fees, and other often unforeseen hassles. However, there are outlier entrepreneurs, those whose decisions to persevere greatly outnumber the impediments they encounter. “I was stubborn. I had been dreaming about that project forever. I didn’t want to give up,” says Ziad Kamel, founder of Couqley UAE, a French bistro […]
BORDEAUX, France Former prime minister Alain Juppe said on Monday he would not run in France’s presidential election and harshly criticised his party’s beleagured candidate, Francois Fillon. Juppe, who came second to Fillon in the party’s primaries in November, had been touted as a potential replacement for Fillon, engulfed by a financial scandal. “I confirm once and for all that I will not be candidate to the […]
Recruiters in the Bay Area and executives at rival companies say they have seen an uptick in job applications from Uber employees, as its workers lose faith in the company’s leadership and start to doubt the value of their stock options. Uber has gone from crisis to crisis over the past five weeks, prompting increasing numbers of employees to explore the idea of leaving a start-up that […]
The Accion Frontier Inclusion Fund, a global fintech fund managed by venture capital firm Quona Capital, has secured $141 million in capital contributions from a consortium of institutional investors including Accion, MasterCard, and JPMorgan Chase. The Washington-based fund will invest in “inclusive fintech” startups that improve the accessibility and quality of financial services in emerging markets including sub-Saharan Africa, Latin America, and Asia, with a particular focus […]
05 March 2017 Dubai, UAE – HE Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, visited Empower’s cooling plants in JVC and JVT to inspect the two giant projects and ensure the efficiency of the service provided to clients. During his visit, HE Bin Shafar reviewed the operational process in the cooling plants, and watched the work […]
Such an effect may lead male traders, driven by an increase in testosterone due to a successful investment, to take exaggerated risks, which, in turn, create price bubbles. By increasing the number of women in financial markets, it may be possible to stabilize these markets since women have less dramatic shifts in testosterone levels, which can make them less prone to the momentum effect. (via WSJ)
The robots are coming. Automation, both in the form of mechanised robots (human or drone-shaped) as well as artificially intelligent software programs, are predicted to get rid of a huge number of jobs over the next five years. A report by Citibank in partnership with the University of Oxford predicted that 47 percent of US jobs are at risk of automation, 35 percent in the UK, and […]
Deutsche Bank on Sunday unveiled an €8bn capital increase and its latest sweeping strategic overhaul, as chief executive John Cryan seeks to put Germany’s biggest bank “back on the front foot” after a year of turmoil. The moves, some of which reverse changes to the structure of businesses announced only 18 months ago, come after a year when Deutsche was caught up in two brutal market sell-offs. […]
Via Daniel Mitchell of The Foundation for Economic Education, I focus most of my ire on the federal government because bad policy from Washington is the biggest threat to our nation’s freedom and prosperity. But we also get plenty of bad policy from other levels of government. I periodically focus on the foibles of states such as California, Illinois, and New York. Today, though, let’s contemplate the […]
· Tasdeer showcased 20 Qatari food and beverage sector companies at Dubai World Trade Center from 26 February – 2 March 2017 · Food and beverage industry valued at more than USD $5 trillion globally, according to estimates · Expo attracted key businessmen, decision-makers and investors from agri-food industry from across the world 05 March 2017· Tasdeer showcased 20 Qatari food and beverage sector companies […]
By Balazs Koranyi | FRANKFURT FRANKFURT Two of the world’s biggest central banks are likely to find themselves with a bigger policy gap by the end of the coming fortnight The European Central Bank on Thursday will resist calls to start tightening policy against surging inflation but robust U.S. jobs data on Friday could seal the case for another Federal Reserve hike the week after. So, let’s […]
Every gram of CO2 counts as carmakers race to cut emissions before tough new rules kick in Global carmakers, stung by emissions scandals, are racing to hunt down every gram of harmful CO2 spewed out on the roads as tougher pollution rules kick in. Auto manufacturers gearing up for Europe’s biggest annual car show in Geneva are celebrating the end of the sector’s crisis. European sales have […]
– Issuance is a Call to Kuwaiti Corporates to take Advantage of Sukuk for Financing Projects – 7-Fold Oversubscription evidence for EQUATE’s robust position, Sukuk Importance 05 March 2017 Kuwait – Chief Executive Officer -KFH Capital, affiliated to Kuwait Finance House Group, Abdulaziz Nasser Al-Marzouq said that KFH Capital acted as a global coordinator and book runner for EQUATE SUKUK SPC Limited’s (“EQUATE SPC”) in […]
