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Emirates will cut flights to five of US cities as demand deteriorated after US restrictions on travel and on-board electronics affecting Middle East carriers and passengers. The world’s biggest international airline will reduce capacity to Boston, Los Angeles, Seattle, Orlando and Fort Lauderdale in the coming weeks, the Dubai-based company said in a statement. Emirates will re-deploy the capacity to serve demand on other routes across its […]

Fund managers are buying eurozone equities and shunning Wall Street, as a major survey of global money managers this month revealed the fifth-biggest rotation from US to European stocks since the start of monetary union in 1999. The survey of 203 fund managers by Bank of America Merrill Lynch showed a record number — a net 83 per cent — believe US stocks are overvalued and that […]

The next most-generous companies listed are Quicken Loans ($750,000), Wynn Resorts ($729,217), Chevron ($525,000), American Financial Group ($500,000), Intel ($500,000) JPMorgan Chase and Co. ($500,000), Citgo Petroleum ($500,000), oil comapny BP Corporation of North America ($500,000), casino developer and Ultimate Fighting Championship parent Fertitta Entertainment ($500,000), Manhattan real estate investment firm Tahl Propp ($500,000) and the MacAndrews and Forbes Group ($500,000), which owns military contractor AM General, among other companies. And other six-figure […]

April 19, 2017 by: Vinay Pande and Gerald Lucas The most prominent beneficiary of the so-called Trump trade has been equities, with total returns of 10.5 per cent from the S&P 500 and 10 per cent from the MSCI All-Country World Index since the US election. However, pinning a global bull market on one individual is dangerous. Several other drivers have supported it, making it even more […]

By Norihiko Shirouzu | SHANGHAI SHANGHAI The automotive industry’s seemingly inexorable drive towards electric cars – and especially Chinese polices pushing new energy vehicles – has forced Toyota Motor Corp (7203.T), the world’s No.2 automaker by sales, into what one executive calls an “agonizing” strategy U-turn. Until recently, Toyota was one of the industry’s major hold-outs against full electrification, and planned to more or less skip all-electric […]

5962 25 by Shannon K. O’Neil April 7, 2017 Yesterday, I had the pleasure of hosting the Civil Society, Markets, and Democracy program’s symposium on “The Future of Anticorruption in U.S. Foreign Policy.” We started the day off with Senator Ben Cardin, who discussed his contributions to anticorruption legislation, including the Global Magnitsky Act and the proposed Combating Global Corruption Act. Our second session focused on corruption […]

|By Saifur Rahman| Intex Technologies Ltd, an Indian technology accessories manufacturer with an annual turnover of US$1 billion, is investing INR 25 billion that will push its annual turnover ten-fold to US$10 billion in 5 years, a senior official told The Arabian Post. India is currently the world’s second-largest telecommunications market and has registered strong growth in the past decade and half.The total mobile services market revenue in […]

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The near-5 per cent advance in the $20tn benchmark S&P 500 this year has been reliant on the performance of only a few dozen stocks — with gains by the likes of Apple and Facebook accounting for more than 20 per cent of the index’s climb. Ten stocks in the index, including ecommerce behemoth Amazon, Google owner Alphabet as well as the more defensive cigarette maker Philip […]

Here is how the markets are reacting to UK prime minister Theresa May’s announcement that there will be a snap general election on June 8. Sterling The pound has rebounded strongly off session lows and is now up 1.6 per cent to $1.2755, its highest since December, as dealers reckon that the ruling Conservative government is likely to increase its parliamentary majority. This could strengthen Mrs May’s […]

KHAN SHEIKHUN: A suspected chemical attack killed at least 58 civilians in opposition-held northwestern Syria on Tuesday, a monitor said, prompting global outrage and calls for international action.The attack in the town of Khan Sheikhun also left dozens suffering respiratory problems and symptoms including vomiting, fainting and foaming at the mouth, the Britain-based Syrian Observatory for Human Rights said.Hours later, airstrikes hit a hospital in the town […]

By Ernest Scheyder | HOUSTON HOUSTON Nearly a century after Chevron Corp amassed the No. 2 stake in America’s largest oilfield, Chief Executive John Watson is hitting the accelerator on developing the company’s vast Permian Basin holdings. In an interview, Watson made clear his desire to put the West Texas to New Mexico expanse in the ranks of Chevron’s biggest ventures. That is a stark change from […]

Dubai, UAE, 5 April 2017  During his participation in the “Ask the Leader” initiative on the sidelines of the 5th Dubai Government Achievement Exhibition (DGAE), Director of Dubai Customs Ahmed Mahboob Musabih said Dubai Customs’ efficiency and distinctive performance have helped the UAE in moving forward to occupy first place in the region and 4 th place worldwide in the efficiency of customs procedures category according to […]

Investors are refusing to call time on expectations of a sustained recovery in the global economy, after propelling global markets to their best quarterly performance since 2013. Money managers say they are willing to look past rising political uncertainty in France and the US and bet on what they view as an acceleration in activity and synchronised economic advances across developed and emerging markets. Expectations of US fiscal stimulus […]

American tech workers are no doubt feeling vindicated, rejoicing at what they feel is a long-overdue, reversal of fortunes. You could not have a more ominous beginning to the beginning of the H-1B lottery than the events that transpired over the last few days. As ZDNet’s Stephanie Condon reports, on Friday last week, the US Citizenship and Immigration Services (USCIS) issued a memo that revamped an outdated, […]

Do you know someone who has made an outstanding contribution to the development of the Internet? We are pleased to announce that candidate nominations for the 2017 Jonathan B. Postel Service Award are open. This annual award is presented to an individual or organization that has made outstanding contributions in service to data communications and places particular emphasis on those who have supported and enabled others.  Nominations […]

By Joseph White | DETROIT DETROIT General Motors Co (GM.N) on Tuesday unveiled a German-made Buick crossover wagon it plans to sell in the United States, and in so doing highlighted the U.S. auto industry’s vulnerability to shifting trade politics. The Buick Regal TourX, scheduled to launch later this year in the United States, is aimed at imported all-wheel drive vehicles such as those offered by Subaru […]

Uniform standards to ensure maritime safety and promote Dubai’s global competitiveness April 4, 2017 Dubai, United Arab Emirates In keeping with its long-standing efforts to develop, regulate, and enhance the maritime sector, the Dubai Maritime City Authority (DMCA) recently launched the ‘Maritime Signage Design and Guidelines’ available in both Arabic and English. The guidelines serve as an integrated framework for implementation of uniform standards in designing and […]

Italian government bond prices were lower on Monday, as investors focused on signs of political sclerosis rather than economic data pointing to strength in manufacturing and a drop in the ranks of the unemployed. The difference between Italian 10-year sovereign bonds and the benchmark German Bund — a key measure of investor confidence as it shows the premium traders are demanding to buy Italian debt — hit […]

The Washington Post is out with a few more leaks today, this time purporting that Trump is set to impose two liberal wet dreams on the people, VAT and carbon taxes. Washpo said the administration is trying to find ways to raise revenues, in order to provide the people with the tax cuts they promised. Moreover, they painted this in a light that Trump and his team […]

By Scott DiSavino | NEW YORK NEW YORK Oil prices on Tuesday rose to a near one-month high as expectations of a drawdown in U.S. crude and product inventories outweighed news of higher Libyan production. Brent LCOc1 futures were up 91 cents, or 1.7 percent, at $54.03 a barrel by 11:27 a.m. EDT (1527 GMT). That pushed the global benchmark over its 100-day moving average, into overbought […]

Microsoft’s Windows has long been the world’s most popular operating system, but not anymore. Windows is no longer on top. For the first time ever, Google’s Android mobile operating system has managed to trump Windows and become the world’s most popular OS. This further goes to prove how mobile has soared and in today’s mobile-driven world, Android rules the game. Android Dethrones Windows Web analytics firm StatCounter […]

Photo A Boeing 737 MAX at Boeing Field in Seattle in January 2016. The company wants to sell up to 60 airliners to Iran. Credit Jason Redmond/Reuters The Boeing Company announced a tentative agreement on Tuesday to sell up to 60 737s to an Iranian airline, a transaction valued at $6 billion that appears very likely to test the Trump administration’s avowed hostility toward Iran. Boeing, the […]

Ras Al Khaimah – April 4, 2017 Emirates Hospitals Group, a leading healthcare services provider in the UAE, has announced opening of its two world-class brands — Emirates Hospitals Clinics and CosmeSurge Clinics in Ras Al Khaimah aimed at addressing the gap of quality care for residents in the emirate. The two centers are located in Julphar Towers, opposite Manar Mall in Al Nakheel in the heart […]

RIYADH British Prime Minister Theresa May said on Tuesday she would raise “hard issues” with Saudi Arabia’s leaders during her visit, as critics urged her to pressure Riyadh over its war in Yemen and human rights record. May was expected to explore ways of boosting trade ties with the kingdom during her two-day visit, her second to a Gulf Arab state since Britain decided to leave the […]

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