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As Democrats continue to spin the fake news narrative, because it’s simply impossible that Hillary (the candidate who lost both Wisconsin and Michigan to a Socialist in the Democratic primary) lost fair and square, Former US Ambassador to Russia, Michael McFaul, penned an op-ed in the Washington Post yesterday that suggested registering RT and Sputnik as “foreign agents,” claiming that they “campaigned openly for one candidate, Donald […]

In a move that is certain to infuriate those who see Trump as nothing more than a puppet of the Kremlin, moments ago NBC reported that Rex Tillerson, CEO of Exxon Mobil and late entrant into the SecState race after his first meeting with the president elect this past Tuesday at the Trump Tower, has been picked by Trump to serve as his next Secretary of State. […]

Paolo Gentiloni, Italy’s foreign minister, has been chosen to replace Matteo Renzi as prime minister amid signs of a quick solution to the political crisis that has convulsed the eurozone’s third-largest economy during the past week.  After three days of consultations with parliamentary leaders of all stripes, Sergio Mattarella, Italy’s president, on Sunday summoned Mr Gentiloni to the presidential palace in central Rome and asked him to […]

More than ever before, these articles pulled the curtain back on how an estimated $100 billion in undeclared money has been siphoned from Canada into offshore tax havens. Since the first investigations were published, the federal government has invested almost $500 million in the Canada Revenue Agency aimed at tougher tax enforcement, launched investigations into 85 Canadians identified in the Panama Papers and compelled banks to divulge […]

When there is news about banks having a security issue or a systems-related problem, the story often ends with customers having their sensitive information compromised and banks scrambling to chase after the hackers who breached their systems. Earlier in the year, hackers were found to have stolen $80 million from the Bank of Bangladesh due to its poor security system, and another report revealed that the central bank of […]

Our round-up of the week’s best comment and analysis from the Financial Times focuses on the expectations of boom times for US stocks, the troubles of active fund managers and Italy’s dilemma after the referendum. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. US stocks may be at record levels but there is no end to […]

10 December 2016 Dubai, United Arab Emirates: The Dubai Health Authority’s Health Funding Department, has introduced eAuthorization for insurance claims, said a top health official. From January 2017, the health sector will move to an electronic authorization process for insurance claims. The move means that beginning next year insurance claims that need approval will be processed online in real time, making the process quicker and more convenient […]

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By Caroline Valetkevitch | NEW YORK NEW YORK Next week’s Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month’s presidential election. While investors have long anticipated the Fed will raise rates at the Dec. 13-14 meeting – in what would be its first […]

Ahead of next week, here are the big questions we are asking at FT Markets What signal will the Federal Reserve send? The last US central bank meeting of the year will unfold on Wednesday with all eyes on officials’ latest assessment of the economy and the press conference of Fed chief Janet Yellen. Plenty has changed since their previous gathering just before the US election. Dollar […]

Donald Trump has picked Andrew Liveris, the chief executive of Dow Chemical, to lead his advisory council on manufacturing, giving him a connection to the new administration at a time when he is trying to secure approvals for a complex $130bn merger with DuPont. Mr Liveris previously served in a similar advisory role for President Barack Obama.  At a rally in an arena in Michigan on Friday […]

By Jack Kim and Nataly Pak | SEOUL SEOUL Protestors demanding that South Korean President Park Geun-hye step down marched on Saturday for a seventh straight weekend, a day after parliament voted overwhelmingly to impeach her and put the fate of her presidency in the hands of a nine-judge court. The crowd estimated by organisers at 200,000 packing a large square in downtown Seoul was significantly smaller […]

Your daily guide to community and cultural activities across the Emirates for December 11, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Kids’ camp Register your children, ages 7 to 18, for the ZSC Academy Tennis Camp, led by highly qualified coaches. Intermediate- and higher-level players can keep on top of their game this […]

10 December 2016 Dubai, UAE: Dubai Electricity and Water Authority (DEWA) has reached financial closure for the 2,400MW Hassyan clean coal power project. The project uses the Independent Power Producer (IPP) procurement model on a Build Own Operate (BOO) basis and is supported by a 25-year Power Purchase Agreement (PPA) with DEWA. Last June, DEWA signed the PPA, Shareholders Agreement (SHA), and other project agreements with the […]

Submitted by Mac Slavo via SHTFPlan.com, There just isn’t a lot of good news here. The middle class is still struggling for something tangible, but things remain pretty frustrating for most people. It could actually feel like things are going in reverse… and that each piece of economic interaction squeezes just a little bit harder. via the Washington Examiner: A new report on the economy finds that […]

NEW YORK U.S. insurer Prudential Financial (PRU.N) is investigating whether Wells Fargo (WFC.N) employees signed up customers for its life insurance policies without their knowledge, a spokesman said on Saturday. Sales practices at Wells Fargo have been under a spotlight since September when federal regulators ordered the San Francisco-based bank to pay $190 million in fines and restitution because they said its high pressure sales environment pushed […]

Islamic financing growth in the UAE has slowed in 2016 but remains above that of conventional banks, supported by enhanced recognition of Islamic finance and wider adoption of sharia products, especially in retail, according to a new report. Fitch Ratings said that the share of total bank gross financing held by the six largest Islamic banks and the Islamic windows of conventional banks was around 26 percent […]

For a quick study in market blindness, look at how an obscure US fund reacts to events in a country where markets do not even exist. Nearly two years ago US president Barack Obama and Cuban president Raúl Castro jointly announced their intent to rejuvenate the diplomatic and commercial relationship between their two countries. Until that day, the Cuba closed-end fund had historically traded beneath its net […]

In early 2009, roughly at the time when this blog was launched which coincided with the start of the greatest monetary experiment of all time, we warned that there are two ways it will end: either in hyperinflation, or a deflationary supernova, the failure of currency and, eventually, barter. Now, almost 8 years later, some of the world’s top hedge funds are in agreement, and they are […]

Yahya Jammeh, the eccentric and capricious ruler of Gambia for the past 22 years, has reversed his decision to accept defeat in last week’s elections, saying he will call a fresh poll. He alleged voter irregularities and called for new “transparent” elections to be held by a “god-fearing” electoral commission, presumably not overseen by the same official that declared results a week ago. Speaking on Friday night, […]

This is part of a series on the global rise of exchange traded funds The morning after the US election Steven Bregman, a New York-based hedge fund manager, began to notice something strange going on in a corner of the stock market. His screen showed that shares of gold mining companies were being sold indiscriminately, falling by double digits, even though the price of gold itself had […]

Submitted by Nomi Prins via TomDispatch.com, Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a multimillionaire) a drag. What would there be to talk about if you left the Machiavellian class and its exploits for the company of the sort of normal folk you can rouse at a rally?  It’s […]

Global investors are turning their backs on French government bonds, reflecting alarm over the capacity for next year’s presidential election to deliver another shock to the eurozone and financial markets. A pronounced drop in French sovereign bond prices suggests they are being treated less like those of a core European economy and more like securities issued by the region’s least creditworthy countries. The selling has pushed the […]

“When we took the land in Dubailand and talked about our plans to launch a sustainable project, many thought we were just bluffing. Today, when people come and see our project they are simply amazed,” says Faris Saeed, sitting in his temporary office in one of the solar-powered villas in The Sustainable City. Ironically, the new city is the result of a failed development called The Lagoons, […]

Donald Trump wants Wilbur Ross, the billionaire investor tapped for Commerce secretary, to oversee his trade policy, in a controversial move that could spark a battle between the incoming administration and Congress. Mr Trump has agreed to give Mr Ross, a close friend, responsibility for handling one of his signature campaign issues, the Financial Times has learnt. The move, which would cut the influence of the US […]

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