Throw them into the bay, or throw them into jail? Those were two possible replies to a poll set up by a user on Twitter. He wanted to know how to deal with “treacherous journalists” – the journalists in question were reporters working for the Panamanian daily newspaper La Prensa. The paper’s newsroom lies just 7.2 miles away from the offices of Mossack Fonseca, the law firm […]
Google has agreed to pay €306 million in back taxes to Italy and Ireland to end a criminal investigation into whether the company avoided paying the full amount on its revenues for more than a decade, Italian tax officials confirmed on Thursday. The agreement resolves multiple disputes including a criminal probe that saw Milan prosecutors accuse Google of generating revenues of €1 billion in Italy and Ireland […]
DUBAI// One of the country’s major education providers defended the high cost of school fees as necessary if schools are to attract the best teachers. Clive Pierrepont, director of communications for education provider Taaleem, said schools had to strike a balance between paying for the highest quality teaching staff available and keeping fees affordable for parents. “It is an absolute truth that the quality of a school […]
Jeff Immelt, the GE chairman and chief executive, has called for Donald Trump to keep the US in the Paris climate accord, weighing into a debate inside the new administration over a campaign promise to withdraw from the landmark agreement. “We are for staying in the treaty. I think global engagement is a good thing,” Mr Immelt told a Washington audience on Thursday. The business community “has […]
UAE members of LinkedIn, the online professional network, have been ranked the most connected in the world with an average of more than 200 per individual. New figures released by LinkedIn showed that UAE-based users have an average of 211 connections. They also revealed that the network has hit the 500 million members milestone globally and 22 million members in the MENA region. Ali Matar, head of […]
DP World and National Investment and Infrastructure Fund (NIIF) to back future infrastructure projects DP World and National Investment and Infrastructure Fund (NIIF) to back future infrastructure projects New Delhi, India, 4 May, 2017 Global trade enabler DP World and the National Investment and Infrastructure Fund (NIIF) have signed a Memorandum of Understanding (MoU) to develop the logistics sector in India. The agreement comes as a result […]
We’ve known for years that a key protocol that allows global cellular networks to communicate with each other had vulnerabilities — and nobody really took it that seriously. Hackers and politicians alike have been warning for years that these flaws in the calling and text message routing system, known as Signaling System 7 (SS7), can be used to intercept and redirect calls and text messages, allowing hackers […]
May 4, 2017 by: Katrina Manson in New York Donald Trump will visit Saudi Arabia, Israel and the Vatican on his first foreign trip as US president in an effort to unite a coalition against Islamist terrorism and Iran and extract more from traditional allies. The travel plans mark a departure from US foreign policy norms, which usually see new presidents visit neighbouring Canada or Mexico within a month of taking office. […]
Royal Dutch Shell on Thursday rounded off the strongest set of quarterly results from “big oil” for over two years, even as a fresh slide in crude prices raised doubts over the sustainability of recovery from one of the deepest downturns in industry history. Earnings from the Anglo-Dutch group in the first three months of this year more than doubled from the same period of 2016. This […]
Authored by 720Global’s Michael Lebowitz via RealInvestmentAdvice.com, “History has not dealt kindly with the aftermath of protracted periods of low risk premiums” – Alan Greenspan The ability to see beyond the observable and the probable is the most important and under-appreciated characteristic of successful investors. For example, visualize a single domino standing upright. With this limited perspective, one can establish what the domino is doing in the […]
By Julia Simon | NEW YORK NEW YORK Oil prices collapsed on Thursday to their lowest since late November as investor worries about the world’s stubbornly persistent glut of crude erased most of the gains that followed last year’s OPEC’s output cut. The slide worsened after OPEC delegates downplayed the chance that their group and other producing countries would deepen their output cuts when they meet on […]
FAI is a leading provider of mission-critical aviation services, based in Germany With 23 aircraft, FAI serves corporations, government agencies and NGOs including the UN and International Committee of the Red Cross Manama, Kingdom of Bahrain, 4th May 2017 Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, announced today its investment in a significant minority stake in Axtmann Aviation Holding […]
The likes of Shoreditch in London and Williamsburg in New York are now so well-known that they’re starting to lose their hipster lustre, but constant change means that even the world’s most famous cities have new areas which make them worth revisiting. Here are several to watch in 2017. Somerville, Boston Technically a separate city, Somerville has gone from blue collar to every coloured collar you care […]
DUBAI // “Iron” Mike Tyson, the former undisputed heavyweight champion of the world, hopes his new Dubai gym will unearth a diamond in the rough that could go on to make a career in the fight game. Speaking at Atlantis The Palm on Thursday, the American said Dubai is the perfect venue to launch the Mike Tyson Academy of boxing and fitness. “People don’t have to fight […]
Cameron Mackintosh speaks with all the ease – but with little of the arrogance – of someone who has made a billion dollars doing what he loves. “I was a lucky boy to be born when I was,” he says. Coming from the third richest man in the British music industry, it is perhaps the understatement of the century. The run of stage smashes he produced in […]
11:00 am Suppose we could be brave, Bryce, and go with a pic of Jeffery Lacker as our portrait for today 11:01 am Well, he stepped down from the Richmond Fed after fessing up to helping a colleague at a sister publication — Medley — on a story 11:02 am 11:03 am I could give you a rival’s analysis of the story 11:03 am It’s not the […]
By Sumeet Chatterjee | HONG KONG HONG KONG UBS Group AG (UBSG.S) plans to hire about 100 wealth management client advisors over the next two years in Hong Kong, the biggest wealth hub in Asia-Pacific, to grab a bigger share of the fast-growing mid-tier millionaire segment. The Swiss bank’s sharpening focus on the middle of the wealth market comes as some global banks including Standard Chartered (STAN.L) […]
Facebook‘s female engineers are less likely to get their code accepted than their male engineer counterparts. That’s according to an internal study reported by The Wall Street Journal, which puts in question Facebook’s efforts to foster diversity. At present, only 33 percent of Facebook’s workforce is composed of females. An astounding number by Silicon Valley’s standards, to be sure, but still an example of the lack of […]
HSBC has beaten analysts’ expectations for its first-quarter results as strong trading conditions, rising interest rates and a weaker dollar lifted earnings, bringing welcome relief from its heavy miss at the end of last year. Pre-tax profits, adjusted for one-offs and currency moves, reached $5.9bn, surpassing consensus forecasts of $5.3bn. Shares opened up 3.4 per cent in London trading, hitting 668.30p. Europe’s biggest bank by assets, which […]
What are the major drivers of Twitter take-up, in Australia and elsewhere? Do we connect around shared interests, shared location, or pre-existing offline relationships? And when, in the eleven-year history of the platform, did these structures form? These are the questions that guided a new, long-term study of the Australian national Twittersphere that my colleagues and I have undertaken. Drawing on , a major multi-institutional facility for […]
ABB string inverters deliver power for the residents of Dubai’s first all-electric city. 04 May 2017 Dubai’s first city to be powered completely by solar energy relies on ABB string inverters to harness the power of the sun for residents. Inverters convert the direct current (DC) output from the panels in to the alternating current (AC) needed in homes. ABB has supplied 400 string inverters to […]
By Rishika Sadam and David Ingram Facebook Inc reported surging quarterly profit and revenue on Wednesday, helped by its fast-growing mobile ad business, but its shares dipped from a record high in after-hours trading as investors showed some nervousness about future earnings. The world’s biggest online social network, which is nearing the five-year anniversary of its initial public offering, is searching for new types of advertising features […]
HONG KONG Hong Kong’s next leader, Carrie Lam, vowed on Thursday to heal political and social divides, pledging to return the global financial hub to its “normal course of development”. Lam takes office on July 1 after being selected in March amid widespread concern that Beijing’s meddling had sealed her victory and denied the freewheeling former British colony a more popular leader. The former civil service chief […]
The biggest names of the Indian film industry will be walking the red carpet in Abu Dhabi for this year’s South Indian International Movie Awards. Last year’s event was held in Singapore, while the event in 2015 was held in Dubai. This marks a first for the ceremony to be held in the capital. The award celebrations will be held at the Abu Dhabi National Exhibition Centre […]
