The Chargers’ move is expected to presage another, with the Oakland Raiders gearing up to abandon their home in the coming weeks and bring N.F.L. football to Las Vegas for the first time. Continue reading the main story These moves will ultimately help the league meet its financial target, even at the expense of medium-size cities like San Diego and St. Louis, and possibly Oakland, left without […]
National Bank of Oman (NBO), the sultanate’s third-largest lender by assets, posted on Thursday a 19.9 percent fall in fourth-quarter net profit, according to Reuters calculations. The lender made a profit of 13.68 million rials ($35.5 million) in the three months to Dec. 31, Reuters calculated based on previous financial statements in lieu of a quarterly breakdown. This was down from 17.07 million rials in the same […]
The US Department of Justice inspector general said on Thursday that he is investigating actions taken by DoJ and FBI officials, including FBI director James Comey, during the 2016 presidential election. The surprise probe was launched in response to calls from Congress and members of the public, who have questioned whether Mr Comey’s statements in the final weeks of the campaign were politically motivated, according to a […]
By Patrick Rucker and James Oliphant | WASHINGTON WASHINGTON U.S. Senate Democrats on Thursday pressed Ben Carson, Donald Trump’s nominee to lead housing policy, on potential conflicts of interest between the agency he is set to run and properties in which the president-elect may hold a financial stake. The Department of Housing and Urban Development (HUD) hands out billions of dollars each year to developers and landlords. […]
Chatbots, collective intelligence and blockchain are some of the big technology trends that will change the way entrepreneurs run their businesses in 2017, says Klaus-Michael Vogelberg, chief technology officer at Sage. Vogelberg sees six major trends in 2017 that could make a big difference to the way business builders will work in 2017 and beyond. 1. Chatbots and autonomous interfaces Autonomous interfaces, such as chatbots or digital […]
By Nidal al-Mughrabi | GAZA GAZA For weeks, Gazans have been making do with less than half their usual electricity supply – barely a few hours a day – with no sign of the shortages alleviating anytime soon, fuelling distress and frustration among the population. Normally, Gaza’s power alternates on eight-hour cycles, with generators providing electricity to those that can afford it in the down times. But […]
A classic distinction in markets exists between bulls and bears, the snorting herd of enthusiasts and the pessimists who roar at them from caves, waiting for a panicked stampede. Yet a sign of the uncertain outlook, with the consequences of the incoming Trump administration unknown, elections due in Europe and Brexit still to begin, may be how those labels don’t fit quite as easily as before. For […]
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. Donald Trump is nothing if not transparent, especially when it comes to views of the press and outright evasions about his business holdings. That was self-evident at his Wednesday spectacle (labeled “press conference”) in which he bashed media and also […]
By Susanna Twidale | LONDON LONDON Britain should go ahead with “cost effective” plans to build what would be the world’s first tidal lagoon renewable power project, a government commissioned review said on Thursday. Britain needs to invest in major new infrastructure to replace aging coal and nuclear plants set to close in the 2020s, and also needs to reduce is greenhouse gas emissions to meet its […]
LONDON Asset management giant PIMCO said on Thursday it thought there was a chance China could freely float its currency, the yuan, this year. The firm’s head of Asian portfolios, Luke Spajic, said in a note Beijing was finding it impossible achieve three goals simultaneously: a stable or fixed foreign exchange rate, free capital movement and an independent monetary policy. Combining tighter financial conditions with this policy trilemma […]
Image: HTC HTC continues to struggle financially and after the recent release of the Google Pixel and Pixel XL, made by HTC, I thought we might see them go back to being a silent ODM once again. With today’s news of the HTC U Ultra and U Play, HTC is showing that it will continue to fight for market share in today’s competitive smartphone environment. The HTC […]
HONG KONG Property developer China Vanke (000002.SZ) (2202.HK), embroiled in a high-profile corporate power tussle for over a year, said on Thursday its No. 2 shareholder China Resources Group is considering a major plan. The country’s second-largest developer said in a statement it had been informed on Wednesday that China Resources and a unit were ‘formulating a major plan involving its holdings in Vanke but are still […]
Having publicly trashed the US economy’s performance during the presidential campaign, Donald Trump has become its most prominent cheerleader. The president-elect has in recent weeks claimed credit for surging consumer confidence, stellar equity prices and stronger end-of-year household spending, arguing there was “no hope” before he arrived on the scene. To Barack Obama’s supporters, claims from Mr Trump that the US was cloaked in economic gloom before […]
Adam Schefter of ESPN first reported that the Chargers would leave San Diego. The league’s stadium and finance committees met in New York on Wednesday but offered no new financial incentives to help the Chargers in their efforts to build a new stadium in San Diego. The Chargers did receive an extension of two days, to Jan. 17, on the deadline for them to decide whether to […]
Thursday 08:40 GMT Overview The dollar, Treasury yields and equities are lower — with pharmaceutical groups in the firing line — as traders question the “Trumpflation trade” following the US president-elect’s fractious press conference on Wednesday. The yen is stronger, signalling waning risk appetite among traders, while gold is back above $1,200, a seven-week high. Hot topic Investors are reassessing the implications of a Trump presidency. Markets […]
Foreclosure proceedings affected nearly a million U.S. homes and other real estate last year, down 14 percent from 2015 and down 70 percent from the worst of the housing crisis in 2009, a report released Thursday shows. Foreclosures hit a 10-year low and property owners in all but 15 states experienced fewer of the early stages of foreclosure, usually begun after owners have missed four mortgage payments, […]
Investors drew a line in the sand on Wednesday, forcing companies to rewrite bond documents in a stinging rejection of covenant packages that were seen as hostile to bondholders. Marketing material for bond offers by General Motors’ financial subsidiary, chipmaker Broadcom and the Brazilian pulp manufacturer Fibria Celulose dropped language that deprived investors of certain premiums should the companies breach their covenants and default, according to three people with knowledge […]
In Wisconsin, Green Bay officials say the Clinton campaign has yet to pay off bills from events in March, September and November totaling nearly $12,800. Eau Claire, Wisconsin, says Clinton won’t pay a $6,812 from a visit in April. Spokane wants $2,793. Clinton’s campaign committee has enough money to pay its bills, having last month reported carrying a more than $838,000 surplus on its books. It did […]
In Senegal, ENGIE has been selected for the Dakar TER project in partnership with Thales for the design and production of infrastructures and systems, with a contract amounting to 225 million euros DAKAR, Senegal, January 11, 2017 ENGIE (www.ENGIE.com ) announces the signature of a partnership with ANER, the National Renewable Energies Agency in Senegal, to accelerate the development of renewable energies in the country. The first […]
Top US lawmakers are challenging Wells Fargo to explain a recent rise in overdraft charges, signalling a new regulatory battle for the bank still reeling from a fake accounts scandal. On Wednesday a group of Democrats on the Senate banking committee wrote a letter to Tim Sloan, the bank’s chairman and chief executive, asking him to explain whether the bank’s recent surge in income from overdraft charges […]
By Ayesha Rascoe | NEW YORK NEW YORK President-elect Donald Trump escalated a fight with U.S. spy agencies on Wednesday, just nine days before he takes over their command as president, and accused them of practices reminiscent of Nazi Germany. The Republican said leaks from the intelligence community led to some U.S. media outlets reporting unsubstantiated claims that he was caught in a compromising position in Russia. […]
ABU DHABI // The relationship between the UAE and Afghanistan goes back for more than a decade, with the Emirates involved in the country’s military stabilisation since the collapse of the Taliban regime. Since 2003, it has had an effective presence in Afghanistan, ensuring stability as the country continues to suffer attacks from Taliban militants, and delivering aid while helping it to rebuild. “Afghans appreciated UAE officers […]
Volkswagen will plead guilty to three felonies and pay $4.3bn in penalties to settle a US Department of Justice investigation into the diesel emissions scandal that has engulfed the German carmaker for the past 15 months. Six VW executives based in Germany have also been indicted in connection with the case, including Oliver Schmidt who was arrested in the US on Monday, said Loretta Lynch, US attorney-general. “For years, […]
Turkish president Recep Tayyip Erdogan’s attempt to take control of all levers of power and a mounting terrorist threat has begun to alarm investors, sending the Turkish lira down 4 per cent to an all-time low on Wednesday. The lira traded at 3.93 to the dollar, down 12 per cent since the beginning of January, clocking its worst performance since a failed coup in July which prompted […]
