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Microsoft 365 Family cuts combined storage to 2TB // COP31 leaders demand accelerated action as warming intensifies // OnePlus 16 India debut reconsidered amid launch discussions // Thai Airways discloses 60,529 records exposed through Amadeus // FinCEN identifies $8 billion in suspect overseas payments // Messi secures consecutive MLS Golden Boots with 26 goals // ADNOC Gas quarterly profit doubles to $1.34 billion // The MICHELIN Guide Thailand Celebrates Its Landmark 10th Edition with Record Numbers of Entries and MICHELIN-Starred Dining Venues // Prudential announces title sponsorship of “Prudential Hong Kong Winter Wonderland in Tsim Sha Tsui”, lighting up Victoria Harbour this winter // California electorate defeats proposed levy on billionaire wealth // Flydubai Dammam cancellations persist as Etihad extends suspensions // Toyota Land Cruiser 2025 and 2026. What Each Trim Costs in the UAE // North Korean hackers widen drone and software attacks // FAB takes full ownership of Bahrain fund administrator Yasira // Canada seeks tariff easing following US election upheaval // Iran displays school strike memorial at COP31 summit // Allianz Insurance Singapore Encourages Homeowners to Strengthen Their Home Protection as Residential Fires Continue to Rise // GCC defence ministers discuss military coordination amid Iran conflict // Google Health introduces blood pressure logs and glucose overlays // Moonless skies improve stargazing conditions across northern Saudi Arabia //

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By Susan Cornwell and Susan Heavey | WASHINGTON WASHINGTON Senate Democrats on Thursday demanded an ethics probe into Tom Price, President-elect Donald Trump’s pick for U.S. health secretary, following a report that the fierce Obamacare critic traded in healthcare company stocks while pushing legislation in Congress that could affect those shares. Senate Democratic leader Chuck Schumer and others made their comments as congressional Republicans moved ahead with […]

After a near double-digit rally in US stocks since Donald Trump’s election victory, the question for investors is whether the outlook for corporate profits can begin to justify investors’ newfound optimism. Much of the rally has been underpinned by hopes that a Trump administration will boost corporate profits through lower corporate taxes, a more accommodative regulatory regime and a more confident US consumer. Corporate chief executives will […]

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. Embedded plentifully during the presidential campaign, the press may now leave most consumers in the cold. I’d been talking to Merrill Brown, director of the School of Communication and Media at Montclair, New Jersey State University, about Megyn Kelly’s big […]

By Yashaswini Swamynathan U.S. stocks were little changed on Thursday as a drop in banks and discretionary stocks were offset by gains in technology names. Investors are also assessing a host of economic data including the ADP payrolls report, which showed that 153,000 jobs were added in the private sector in December compared with economists’ expectation of 170,000. The report sets a precedent to Friday’s nonfarm payrolls […]

January 4, 2017 by: Joe Rennison and Eric Platt in New York Wall Street’s debt engine started in record form at the start of 2017, as companies sought to lock in borrowing costs shortly before the inauguration of Donald Trump as US president raises hopes for faster growth and higher interest rates. Eleven companies and banks sold $19.9bn of debt in the US as global financial markets […]

It’s fair to say that HappyFresh, one of a number of startups working to make the business of on-demand grocery shopping viable in Southeast Asia, didn’t have a great 2016. The two-year-old company pulled out of two countries to “focus on sustainability and profitability” and raised an ominous ‘undisclosed’ Series B round having previously closed a $12 million Series A a year prior. Now TechCrunch has learnt that it has also […]

Shenzhen and Hong Kong will partner on constructing a technology park in Lok Ma Chau Loop on their border after city authorities signed a memorandum of understanding for its development on Tuesday. The Hong Kong/Shenzhen Innovation and Technology Park, which will be around 1.2 million square metres in size, will enable companies to develop the fields of robotics, biomedicine, financial technology, and smart cities. It is being […]

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CAIRO: A report alleging human rights violations in Yemen by Houthi rebels has recorded 949 cases of damaged public property and 2,673 instances of private property damage, the Saudi Embassy here reported on Tuesday.The damage varied between complete and partial by bombardment from Houthi militants and loyalists of deposed President Abdullah Saleh against civilian homes and government and private facilities, according to a statement released on Tuesday […]

04 January 2017 BBK has recently announced new appointments in its Executive Management as part of a re-organization plan recently approved by the Bank’s Board of Directors and the Central Bank of Bahrain. The new structure aims to foster the Bank’s three years strategy (2016-2018), in addition to achieving the future vision and expectations of the Bank’s shareholders and stakeholders.   The new organization included the following appointments: […]

In one of the first signs that India’s crackdown on tax evaders is helping swell the government’s coffers, it this week lowered its borrowing plan by 4.2%. The government says it now plans to reduce the amount it borrows by 180 billion rupees ($2.64 billion). It had budgeted to borrow a net 4.25 trillion rupees in the current financial year. The Reserve Bank of India, which acts […]

By Alexandria Sage and Paul Lienert | LAS VEGAS LAS VEGAS Electric vehicle start-up Faraday Future showed off in Las Vegas on Tuesday a prototype of a vehicle set for production next year as the China-backed company strives to win credibility in the crowded sector and weather its funding challenges. The “FF 91”, described by its designer Richard Kim as “weird-pretty”, is a luxury electric SUV Faraday […]

Even as Theresa May prepares to make a long-awaited speech on her Brexit strategy, the prime minister is facing fresh claims that her government is turning a deaf ear to news and advice on Brexit it does not want to hear. Former civil servants expressed dismay at the resignation of Sir Ivan Rogers, Britain’s EU ambassador, on Tuesday, saying the UK was losing its best negotiators with […]

Wednesday 05:00 GMT Overview Data-fuelled optimism helped lift equities for a second day in Asia as Japanese investors cheered the weaker yen after the US dollar hit new 14-year highs. With few significant events on the regional calendar for Wednesday, it was left to overnight gains on Wall Street to set the tone Hot topic Is it too early to start talking about Friday’s US non-farm payrolls […]

Foreign financial support to the Palestinian budget is running at about half the forecast level, the Palestinian prime minister told local media on Tuesday, meaning deep cuts will have to be made to the budget this year. At its cabinet meeting, the government said it expected to run a budget deficit of 4.12 billion shekels in 2017 ($1.06 billion), approaching 15 percent of gross domestic product. “We […]

The following people are mentioned as contenders for senior roles as U.S. President-elect Donald Trump assembles his administration before taking office on Jan. 20, according to Reuters sources and other media reports. Trump already has named a number of people for other top jobs in his administration. AGRICULTURE SECRETARY * Sonny Perdue, former Georgia governor * Elsa Murano, undersecretary of agriculture for food safety under President George […]

ISLAMABAD – One day before the hearing of the Panama leaks, Pakistan Tehreek-e-Insaf yeserday filed fresh evidence before the Supreme Court. Prime Minister Nawaz Sharif and his children also filed applications for changing their counsels. In place of Salman Aslam Butt now Makhdoom Ali Khan would represent the PM, while Salman Akram Raja would appear instead of Akram Sheikh on behalf of Hassan Nawaz and Hussain Nawaz. […]

Dubai Financial Market (DFM) , the Gulf’s only listed stock exchange, said on Tuesday that it planned to introduce covered short-selling, a move that could increase trading liquidity. “DFM is planning implementation of regulated short-selling on a selected list of eligible securities in accordance with international recommendations under local market conditions in the coming months, subject to regulatory approvals of its rules,” it said in a statement […]

By Richard Cowan and Susan Cornwell | WASHINGTON WASHINGTON The Republican-led U.S. Congress had a rough start to its first session of the Donald Trump era on Tuesday when a public outcry that included a dressing-down from the president-elect prompted the House of Representatives to backtrack on its plans to defang an ethics watchdog. It was supposed to have been a ceremonious beginning in which lawmakers set […]

Starbucks has already established itself as the undisputed king of retail coffee chains. Now one Wall Street analyst thinks it can overtake McDonald’s as the world’s most valuable restaurant chain. The Seattle-based coffee chain’s shares fell 7.5 per cent last year, as investors warily eyed a deceleration in same-store sales from the first half to the second. The announcement last month that long-serving chief executive Howard Schultz […]

Manama, 3rd January 2017 Amlak, the real estate investment arm and a wholly-owned subsidiary of the Social Insurance Organization (SIO), held a press conference to announce the latest projects undertaken by the company.  “Amlak has taken steady steps towards prosperity by developing its growing portfolio. We are excited to announce our upcoming projects which will include a residential project and a number of multi-purpose projects, in addition […]

Disappointment again…   Early exuberance in stocks – as overnight gains suggested panic buying at the US open, faded rapidly as financials and tech faded and crude plunged (despite better than expected data)… then after NYMEX closed VIX was smashed lower and stocks lifted…   S&P was best on the day, Trannies were red (thanks to Ford news impacting rails)… NOTE – stocks ripped at the open, […]

The government of Oman has approached banks for an international bond issue with tranches of five and 10 years as the country plugs a budget deficit caused by lower oil prices, banking sources familiar with the situation said on Tuesday. The sultanate has asked international lenders to submit proposals for a U.S. dollar debt transaction likely to be around $1 billion or more. Banks are expected to […]

|By Matein Khalid|“Few individuals alter the course of history. Fewer still change the map of the world. Hardly anyone creates a nation state. Mohammed Ali Jinnah did all three”. Dr. Stanley Wolpert’s words still give me goose pimples two decades after I first read his book. Mr. Jinnah founded Pakistan and was also my ancestral kinsman. I too was born in Karachi, the city by the sea, […]

To understand how Donald Trump will change America, don’t listen to his speeches, says Vox Editor-in-Chief Ezra Klein. Instead, look at the president-elect’s policies, he said. “This idea that Donald Trump exists in some state of quantum unknowability is going to end the day that he raises his hand and takes the oath of office,” Klein said. “So we need to change ourselves to give people coverage […]

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Just in:
FAB takes full ownership of Bahrain fund administrator Yasira // US relocates tankers from second British base amid threats // North Korean hackers widen drone and software attacks // Iran displays school strike memorial at COP31 summit // OnePlus 16 India debut reconsidered amid launch discussions // Moonless skies improve stargazing conditions across northern Saudi Arabia // Google Health introduces blood pressure logs and glucose overlays // UAE forecasts heavy showers across northern regions midweek // Japan’s Nikkei advances as buyers return after sell-off // Google school AI search policy draws Senate challenge // Thai Airways discloses 60,529 records exposed through Amadeus // Microsoft 365 Family cuts combined storage to 2TB // Toyota Land Cruiser 2025 and 2026. What Each Trim Costs in the UAE // Canada seeks tariff easing following US election upheaval // New Two Way Trade Momentum Highlighted at China-Africa Cooperation Forum in Yiwu // The MICHELIN Guide Thailand Celebrates Its Landmark 10th Edition with Record Numbers of Entries and MICHELIN-Starred Dining Venues // FinCEN identifies $8 billion in suspect overseas payments // Dubai approves airport Metro link for 2031 opening // Allianz Insurance Singapore Encourages Homeowners to Strengthen Their Home Protection as Residential Fires Continue to Rise // Singapore introduces AI scam alerts for messaging conversations //