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The Panama Papers investigation has been honored with a George Polk Award for financial journalism, the award sponsor, Long Island University, announced. The series, which exposed offshore tax havens and rattled leaders from around the world, was headed up by the International Consortium of Investigative Journalists, a project of the Center for Public Integrity. The Polk Awards judges lauded the reporting collaboration for sparking official investigations and […]

Singer-songwriter Ed Sheeran continues to top the streaming song charts on Spotify both globally and here in the United States. Sheeran’s “Shape of You” is the no. 1 song on both charts by a comfortable margin. Ed Sheeran Rules Spotify Streaming Charts It’s been around six weeks since Ed Sheeran dropped two new songs and broke the Spotify record for most streams in a 24-hour period. On Jan. 13, […]

Barcelona is home to Mobile World Congress. TomasSereda, Getty Images/iStockphoto Mobile World Congress will see a slew of smartphone launches, but beyond the shiny new devices, the next technology battlefields are slowly coming into focus. Among the likely hardware highlights at next week’s mobile technology event in Barcelona are LG showing off its new LG G6 smartphone, while Huawei is expected to unveil the follow-up to its […]

o Food consumption in the GCC to expand at a 4.2 per cent from 48.1 million MT in 2016 to 59.2 million MT in 2021 o Consumers spending Dh250 worth of Prestige cookware/kitchenware products is guaranteed of winning something back! 26 February 2017o Food import bill is expected to have crossed US29.17 billion in 2016 o UAE’s packaged food import bill reached US$4.3 billion in […]

By Joseph Sipalan and Noah Browning | KUALA LUMPUR/DUBAI KUALA LUMPUR/DUBAI Malaysia welcomed Saudi Arabia’s King Salman on Sunday for the start of a rare, month-long Asian tour, where the monarch will build ties and seek to draw more investments to the oil-rich gulf nation. The visit is the first by a Saudi king to Malaysia in more than a decade, as the Arab nation courts Asian […]

BARCELONA, Spain Blackberry Ltd (BB.TO) may have exited the device business, but fans of the pioneering email machine need not despair as Chinese smartphone maker TCL Communication (TCCLF.PK) has introduced its first Blackberry-licensed phone with the physical keyboard that was long its key allure. The KEYone combines a touch display with a physical keyboard to give users more useable space for typing than a typical 5.5-inch all-touch […]

In a small office on Rue du Faubourg Saint-Honoré, the same Paris street as the Élysée Palace, the secretive “ideas and images” online unit of France’s far-right National Front was planning its next attack. As the battle for the presidency hotted up, signs that Emmanuel Macron, the centrist presidential contender, was polling strongly raised the possibility that he would make the second round vote to face FN […]

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Saudi Aramco’s initial public offering (IPO) could encourage other Gulf countries to list their oil assets, a leading regional economist said, but the oil giant must clear uncertainties over taxation, OPEC policy and ownership of crude. Nasser Saidi, a former economy minister of Lebanon, told Dubai Eye Radio in an interview that Aramco has to address how the company will separate its assets and liabilities from those […]

GENEVA A United Nations peace envoy said a militant attack in Syria on Saturday was a deliberate attempt to wreck peace talks in Geneva, while the warring sides traded blame and appeared no closer to actual negotiations. Suicide bombers stormed two Syrian security offices in Homs, killing dozens with gunfire and explosions including the head of military security, prompting airstrikes against the last rebel-held enclave in the […]

BlackBerry KEYone (Image: TCL) TCL Communication on Saturday announced the 4.5-inch BlackBerry KEYone, the first smartphone from BlackBerry and TCL’s licensing partnership. Throwing back to old school BlackBerry, the KEYone features a physical keyboard. The BlackBerry KEYone will be available globally in April, starting at $549 unlocked. It will run Android 7.1 Nougat out of the box and will be loaded with both Google Play and BlackBerry […]

Written by Ritu Sarin | New Delhi | Updated: February 21, 2017 4:43 pm In majority cases, responses are awaited from offshore entity owners on the purpose of setting up these companies and the nature of financial transactions. The Panama Papers probe in India has gathered pace with the Enforcement Directorate (ED) dispatching what is being described as “advisories” to over 100 people named in the global […]

25 February 2017 Fitch Ratings-London-24 February 2017: Fitch Ratings has assigned UAE based Majid Al Futtaim Holding LLC’s (MAF) proposed benchmark size subordinated perpetual hybrid notes a rating of ‘BB+(EXP)’. The proposed securities qualify for 50% equity credit. The final rating is contingent on the receipt of final documents conforming materially to the preliminary documentation reviewed. The hybrid note proceeds will be used for general corporate purposes […]

Image credit: Arqiva Samsung Electronics says it will start the UK’s first 5G broadband network in central London, following earlier trials South Korea, China and Japan. In London, it will work with Arqiva, which is best known for DAB radio broadcasting. Arqiva has a licence to use the 28GHz spectrum across the UK, and will host a number of Samsung’s 5G base stations. Arqiva’s CEO, Simon Beresford-Wylie, […]

French authorities have made yet another monumental error in judgment after arresting Marine Le Pen’s chief of staff and bodyguard for questioning over alleged misuse of public funds to pay parliamentary assistants – the equivalent of a jaywalking ticket in terms of public opinion. By making le mountain out of le molehill, this latest debacle by French authorities is the most recent in a long list of backfired attempts to […]

Photo Credit Rukmini Callimachi/The New York Times I’m in northern Iraq and spent the day traveling to the front lines of western Mosul, where Iraqi government forces are battling the Islamic State for complete control of this city. Along the way, my colleagues and I met a villager who had just escaped. The villager, Lahib Muhammed Ali, lived on a dairy farm. He said that because the […]

Suppliers to Tesla and other electric carmakers are scrambling to secure shipments of the key battery material cobalt after a group of hedge funds amassed a large stockpile of the scarce metal. In a bold wager on higher prices, half a dozen funds, including Swiss-based Pala Investments and China’s Shanghai Chaos, have purchased and stored an estimated 6,000 tonnes of cobalt, worth as much as $280m, according […]

Hyderabad: The Panama Papers are back here to haunt city industrialists. Following directions issued by the Centre, the Enforcement Directorate has begun a probe into 11 companies named in the Panama Papers, the global media investigation into alleged tax evasions which has brought 415 Indians under the scanner of investigating agencies. Sources said that the probe was initiated under the Foreign Exchange Management Act. A top ED […]

LG Gram laptop LG has largely scaled back its global PC ambitions — its U.S. website shows a single Chromebase desktop for sale — except for its Gram family of ultra-light laptops. It rolled them out late in 2015 — 13-inch and 14-inch notebooks that each weighed a little over 2 pounds, then added a 15-inch version a couple of months later. The lineup has thrived enough […]

Submitted by Jeremiah Johnson (nom de plume of retired Green Beret of the United States Army Special Forces) via SHTFPlan.com, As of this writing a tremendous number of things are happening in North Korea and Russia.  Although these are not events that seem momentous, they are quite profound when taken into consideration with the grand scheme: the worldwide plot to form a state of global governance.  These […]

BEIJING A youth named by China as the second-highest figure in Tibetan Buddhism, but reviled as a fake by many Tibetans, has pledged to uphold the “glorious tradition” of patriotism that holders of his position have followed, state news agency Xinhua said. Although officially atheist, China selected Gyaltsen Norbu as the 11th Panchen Lama in 1995 in a drive to win the hearts and minds of Tibetans. […]

By By Rozanna Latiff and Emily Chow, Reuters Feb 24, 2017 at 7:56 pm | Print View KUALA LUMPUR — VX nerve agent, a chemical the United Nations classifies as a weapon of mass destruction, was used to kill the estranged half-brother of North Korean leader Kim Jong Un in a bizarre murder in Malaysia last week, police said on Friday. Kim Jong Nam was killed on […]

24 February 2017 MARC has assigned long-term ratings of AAA, AA and A to Kinabalu Capital Sdn Bhd’s (Kinabalu Capital) medium-term notes (MTN) RM130 million Class A, RM25 million Class B and RM15 million Class C respectively. Concurrently, MARC has assigned a MARC-1 rating to Kinabalu Capital’s issue of up to RM170 million commercial papers (CP). The issuance of the rated MTN and/or CP with a combined […]

Every year, Inrix releases its Global Traffic Scorecard, which ranks congestion on roads in 1,064 cities in 38 countries. And every year the report tells urban commuters what they already know—traffic sucks and is getting worse. But at least Inrix’s Global Traffic Scorecard uses data—500TB from 300 million sources covering over 5 million miles of road—to let us know exactly how much it sucks. And […]

Your daily guide to community and cultural activities across the Emirates for February 25, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. newslide Abu Dhabi Concert Emirati pianist Eman Al Hashimi (pictured), French pianists Angelina Natal and Natalia Stetsenko, and French violinist Clara Saïtkoulov will […]

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