Even before the first details of Nintendo’s Switch games console were unveiled to the world in early January, the industry knew it would be a cross between a home console and a handheld gaming machine and could sense an all-in bet coming. On Friday, behind the hoopla of the company’s latest game launch, analysts spotted the same tell: a giveaway sign of a company that desperately wants […]
30 April 2017 UAE – According to the annual YouGov survey conducted by IP Global, the leading full-service property investment company; North America, UK, Germany and Australia remain the top property investment destination for UAE residents. The survey results show that when it comes to investing in property abroad, North America is the most popular market among UAE citizens. The UK with 13% and Australia with 11%, […]
By Lacey Johnson and Ian Simpson | WASHINGTON WASHINGTON A sea of protesters swarmed in front of the White House on Saturday to voice displeasure with President Donald Trump’s stance on the environment and demand that he rethink plans to reverse the climate change policies backed by his predecessor. The Peoples Climate March, the culmination of a string of Earth Week protests that began with last Saturday’s […]
A new water bottling facility in Dubai will feature a 1km-long monorail to transport goods, it has been announced. Saeed Mohammed Al Tayer, managing director and CEO of Dubai Electricity and Water Authority (DEWA), led the ground-breaking of Mai Dubai’s new expansion project in Yalayis off Al Qudra Road in Dubai. The project consists of two phases that will be completed by mid-2018 and will more than […]
By Lawrence Delevingne | BEVERLY HILLS, Calif. BEVERLY HILLS, Calif. Titans of U.S. industry and Wall Street gather in Beverly Hills this week to discuss how to navigate – and profit from – hot topics such as U.S. tax reform, the upcoming French election and Chinese economic growth. U.S. President Donald Trump’s first 100 days and the next 1,000, as well as the outlook for liberal democracy […]
The two partners of the law firm at the center of last year’sPanama Papers scandal were released from prison on bail of $500,000 (466,000 euros) each on Friday. However, Jürgen Mossack and Ramon Fonseca will still face legal action over allegations they facilitated the laundering of assets tied to a wide-spread corruption affair in Brazil. The case is not directly tied to the Panama Papers leak. Both […]
Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s Vice President and Prime Minister and Ruler of Dubai, launched on Saturday the UAE Soft Power Council, which aims to reinforce the country’s status and reputation in the world. The Council will define a comprehensive strategy to consolidate the UAE’s values of respect and appreciation with governments and citizens across the world, state news agency WAM reported. The UAE […]
Viewers in the Arab world are still waiting for the first locally produced Netflix Original content. We were assured last week at a promotional event in Dubai for the streaming service that bosses are looking for the “right material” and Arabic production remains a key priority. Meanwhile, Netflix’s stable of international productions continues to grow with release of its first Spanish production, Cable Girls (Las Chicas del […]
Investigative Reporters & Editors, founded in 1975, is a nonprofit national organization dedicated to training and supporting journalists who pursue investigative stories. “Panama Papers” also received the O’Brien Fellowship Award for Impact in Public Service Journalism from the American Society of News Editors. Judges in that contest said the project was honored “because of the breadth of its reporting, the strength of the partnership that yielded this […]
Authored by Jeffrey Snider via Alhambra Investment Partners, Back on March 10, the New York Fed’s attempt at real-time GDP forecasting predicted that the Q1 2017 estimate would be 3.2%. That would have qualified as another decent quarter, the second out of the past three and somewhat in keeping with “reflation.” As we know today, the advance figure calculated by the Commerce Department amounted to just 0.69% […]
ROME The Knights of Malta, a Catholic chivalric order and global charity, elected a new, interim leader on Saturday to oversee a period of reform and restore calm to the organisation after its recent row with the Vatican. The previous grand master, Briton Matthew Festing, resigned in January after a month-long, highly public spat with the Vatican over the running of the group, which laid bare tensions […]
Of 35 bridge collapses analyzed, floods caused 13, erosion of sediments around bridge foundations — scour — caused 16, a hurricane caused 1 and other influences (such as waterborne or hydraulic debris) caused 5. Superimposed H denotes sites where a hurricane or tropical storm occurred and may have influenced bridge collapse. Area of circles is proportional to drainage area of bridge sites. Credit: Flint, et al. The […]
By Ahmad Sultan | MEHTAR LAM, Afghanistan MEHTAR LAM, Afghanistan In his first public speech since signing a peace deal with the Afghan government, one of Afghanistan’s most notorious warlords on Saturday called for the Taliban to stop fighting and begin negotiations. “I invite you to join the peace caravan and stop the pointless, meaningless and unholy war,” Gulbuddin Hekmatyar said to a gathering of his followers […]
When it comes to repackaging bad loans in the eurozone, 2017 has been a tale of two peripheries. While global investors who had been hoping to buy debt backed by Italy’s non-performing loans have been left disappointed, in Ireland deals are gathering momentum. Lone Star this week priced its latest securitisation of Irish mortgages, with the US private equity firm selling €420m of bonds backed by distressed […]
SYDNEY Alphabet Inc’s (GOOGL.O) Google said it will challenge amended tax assessments issued by the Australian Taxation Office (ATO), which is trying to claw back billions of dollars from multinational corporations citing unpaid taxes. The ATO has increased scrutiny over how much tax multinationals operating in Australia pay. In December, it said it was pursuing seven global businesses over A$2 billion ($1.50 billion) in unpaid tax. While […]
Emerging from an Hermès store in Shanghai with a shiny new watch costing “tens of thousands” of renminbi, Zhao Feifei is emblematic of a younger generation of Chinese consumers driving a rebound in sales of European luxury brands. “I’m earning more than before so I’m more willing to spend,” says Ms Zhao, who works in an internet finance company. The 30-year-old is one of the many customers […]
By Michelle Nichols and Lesley Wroughton | UNITED NATIONS UNITED NATIONS U.S. Secretary of State Rex Tillerson warned on Friday that failure to curb North Korea’s nuclear and ballistic missile programs could lead to ‘catastrophic consequences,’ while China and Russia rebuked Washington’s threat of military force. The showdown in a meeting of the U.N. Security Council on North Korea highlighted the diplomatic challenges of resolving tensions over […]
By John Irish | CHATELLERAULT, France CHATELLERAULT, France French presidential hopeful Emmanuel Macron launched a scathing attack on Friday against politicians who have failed to endorse him against far-right rival Marine Le Pen, saying they were making France “morally weak” and pandering to extremists. Having been caught on the hop by Le Pen since the start of the second round campaign this week, and with just over […]
Satellite communications service provider SpeedCast has said that as military spending increases under governments throughout the United States, the United Kingdom, Europe, and Australia, it sees an opportunity to grow. While Australia has not been a big area of growth for the company over the past few years, due to the industries of mining, oil, and gas being depressed, growth across the government has been accelerating and […]
That it fell to Barcelona’s Lionel Messi to score the match-winning goal away to arch-rivals Real Madrid on Sunday was of little surprise to his legions of devotees, who already view the diminutive Argentinian as something of an immortal giant on the football field, and even to casual fans. El Clasico – the lyrical Spanish name for matches played between the two powerhouses of the country’s domestic […]
Integrated lifestyle development establishes a new benchmark for experiential travel in the region Dubai, UAE – 27 April 2017 – Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, together with Marriott International (NASDAQ: MAR) today announced plans to launch the region’s first cinema-themed concept at Aloft Dubai City Centre Deira. The concept will feature a unique […]
When the Nasdaq Composite index first spent two days above the 5,000 mark, it signalled the last gasp of a spectacular bull market. Confidence in internet companies’ power to change the world and mint fortunes was about to collapse. Seventeen years later the market has hit a milestone of 6,000, part of a run of record highs for global equity markets. While stocks have again been rising […]
Rumors of a mighty Galaxy Note 8 have already been making rounds for a good while, but Samsung just confirmed it. At one point after the two Galaxy Note 7 recalls, it seemed uncertain whether Samsung would continue the series and launch a Galaxy Note 8. Rumors started to intensify nonetheless and it seemed like a given that a Galaxy Note 8 would arrive this year, and […]
Nobody should ever attempt to judge an investment over a period of just 100 days. It is far too short a time to assess the quality of performance and far too prone to random effects. And in any case, most of us need results over very much more than 100 days. It is therefore a little random to be judging the Trump presidency’s impact on investors after […]
