2016 was fact-checking’s finest year [1]. No it wasn’t, it was the year of “post-truth” [2] — some preferred “post-fact” [3] — and fact-checking is a fool’s errand. The discussion about facts in journalism worldwide has rarely been as fractured and animated as it has been in 2016, so we collected 366 links, one for each day of the year, to try and make sense of what […]
By Lawrence Delevingne and Olivia Oran | NEW YORK NEW YORK Wall Street holiday parties this year took place in luxury venues like the Waldorf Astoria, featured women dressed as glowing angels, and had fine wine, scotch and bourbon on hand. But organizers of the soirées, conscious of tighter budgets and public scrutiny, are not eager to discuss the merriment. Big financial firms started curtailing year-end bashes […]
22 December 2016 MARC has affirmed South Korea’s foreign currency sovereign rating of AAA with a stable outlook based on its national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time. The government of South Korea (GoK) has no debt rated by MARC. The rating also serves as a country ceiling for ringgit-denominated debt […]
US drone delivery service Flirtey announced that it has started delivering convenience store items to customers’ homes on December 20, 2016 US drone delivery service Flirtey on Monday announced that its self-piloting flying machines have whisked flu medicine, hot food and more from 7-Eleven convenience stores to customers’ homes. The Nevada-based company boasted of being the first drone service to complete regular commercial deliveries to residences in […]
Infrastructure of Berth 5 and Berth 6 at final stages of this year’s strategic expansion 21 December 2016 King Abdullah Economic City, The infrastructure works for Berth 5 and Berth 6 are about to be finished in a few weeks, King Abdullah Port announced on Wednesday. The two berths are part of the port’s strategic expansion plan, which aims to significantly uprate the port’s capacity, thus boosting […]
This is part of a series on the global rise of exchange traded funds You only need to look back to the tumultuous November in markets to see the growing significance of exchange traded funds that track bonds. While a bond from brewing behemoth Anheuser-Busch claimed the crown of being the most heavily traded corporate debt security last month, those volumes were dwarfed by bond ETFs. The average […]
Submitted by a Zero Hedge reader who wishes to remain anonymous: OPEN LETTER TO MINISTER-PRESIDENT SEEHOFER(Sent before the carnage in Berlin’s Christmas market) Dear Minister-President Seehofer, I would like to commend you on your opposition to mass uncontrolled immigration into Europe. One would think that it would be trivial to praise politicians – who are elected to uphold law and order, meaning our culture and values – […]
SYDNEY The U.S. dollar held near 14-year peaks on Wednesday as global yield spreads moved inexorably in its favor, while a falling yen lifted Japanese shares to a one-year top. The Nikkei .N225 added 0.3 percent in thin trade, while Australia’s main index climbed 0.6 percent to its highest in 17 months after Wall Street racked up more records. Japan’s government upgraded its overall assessment of the […]
This year. I started out as a managing editor of the L.A. Times. I end it as a vice president at CNN. We lived in Los Feliz, under the hills of Griffith Park and neon signs of donut shops. Now we’re in Jackson Heights, in the shadow of brick buildings and halal butchers and planes headed to LaGuardia. After the move, we let our 12-year-old walk to […]
World’s leading hotel operator AccorHotels announces first Mercure brand in the country Muscat, Oman, 20 December 2016 AccorHotels, one of the world’s leading hotel operators announces the opening of Mercure Sohar in Oman. Blending the best of business and leisure, this new hotel pays tribute to its environment with an authentic offering reflective of genuine Omani warmth and hospitality. Nestled between Al Hajjar Mountains and the Sea […]
SHANGHAI Northern China was shrouded in smog for a fifth straight day on Wednesday as citizens complained that the state’s emergency measures were still not being implemented properly. Residents in Shijiazhuang, the capital of heavily industrialised Hebei province that surrounds Beijing, complained that schools were still open even though the city remained on red alert with air pollution levels close to record highs. Media reports in central […]
A Middle Eastern investment banking fee bonanza should extend into 2017, spurred by a combination of bond and share sales and mergers and acquisitions as the region adjusts to lower oil prices, bankers say. Deals such as Saudi Arabia’s $17.5 billion debut international sovereign issue and the sale of a majority stake in retailer Kuwait Food Co (Americana) to Gulf-based Adeptio have helped banks’ earnings, off-setting falls […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices nudged higher on Wednesday on expectations of a U.S. crude inventory draw, although trading activity was muted as markets start to wind down ahead of the Christmas weekend. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $53.58 per barrel at 0105 GMT, up 28 cents from their last settlement. International Brent crude oil futures LCOc1 […]
Many Emiratis live under pressure to find our identities between being members of big tribal families, proud of our heritage and culture, and being part of a modernised and ever-expanding country where every day we are more open to international business, and an ever-expanding community. I don’t see the distinction between expatriate and local, I see community. For an Emirati to be in that community setting is […]
A merger of German container shipping line Hapag-Lloyd and United Arab Shipping Company (UASC) is likely to take months to complete, partly due to financing issues blamed on a deep industry downturn, sources familiar with the deal say. Hapag-Lloyd signed a binding agreement with UASC in July to form the world’s fifth-largest line, valued at about 7 to 8 billion euros ($7.2-$8.3 billion), by the end of […]
ABU DHABI // A Canadian teacher working at a private school in the capital was one of the 34 people injured in Sunday’s attack in the southern Jordanian city of Karak that left 10 people dead. Christopher Vatcher, a teacher at Abu Dhabi Grammar School (Canada), sustained a bullet wound to the shoulder and is expected to make a full recovery, a family friend told CBC News. […]
Top government leaders of Vietnam and Cambodia have expressed wishes to cement and develop bilateral ties in the spirit of “good neighbourliness, traditional friendship, all-faceted and long-lasting cooperation”. Cambodian Prime Minister Hun Sen (L) and Prime Minister Nguyen Xuan Phuc During talks with Prime Minister Nguyen Xuan Phuc in Hanoi on December 20, Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen said his visit […]
The Dow and the Nasdaq hit record highs on Tuesday, with the blue-chip index just 13 points shy of the 20,000 mark, a level it has never scaled. Goldman Sachs (GS.N), which was up about 1 percent, gave the biggest boost to the Dow. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and S&P more than […]
It started off as one of those typical conversations you have when you’re in a foreign country and the taxi driver recognizes you to be a foreigner. “Where are you from?,” he asks, soon after I get into the bright yellow taxi cab, to which I reply “Sri Lanka.”“Beautiful country,” he responds.“Have you been there?” I ask him politely.“No, but my friend went there for a holiday. He […]
20 December 2016 UAE – As the UAE increasingly becomes a thriving hub for entrepreneurs, the demand for accounting and finance skills will rise to sustain business and ensure success and survival amidst regional and global economic pressures, according to financial experts. Recent analysis revealed by professional networking site LinkedIn showed that the UAE has the highest percentage of members indicating entrepreneurship as their job function across the […]
Facebook faces a potential fine after the European Commission accused the social network of being misleading during the approval process of its $19bn takeover of WhatsApp. In a “statement of objections” on Tuesday, the European Commission charged the Silicon Valley giant with inaccurately claiming during the 2014 takeover that it was technically impossible to combine automatically user information from Facebook and WhatsApp. Facebook surprised its users this […]
Samsung has unveiled a new line of 13.3- and 15-inch Notebook 9 laptops, upgrading the specs under the hood and making the models a whole deal lighter than their predecessors. This announcement comes ahead of CES 2017, an event where manufacturers typically take the stage to showcase new devices. Despite the fact that many competitors have yet to reveal their cards for this year, the South Korean […]
It’s a hot July day in Bethlehem, and white-robed pilgrims from Nigeria stand in the courtyard entrance to the ancient church, singing and beating drums. They’ve travelled more than 3,500 kilometres to enter the church’s low wooden door, pass through a nave under restoration and down one of the staircases in the sprawling church, to the grotto. There, they will kneel in prayer and devotion at the […]
In a year replete with extraordinary political upheaval and the wrenching loss of artistic icons, the markets have played their part in contributing to the angst. Here is a look at some of 2016’s most notable one-day wobbles. China cracks It started badly. In China, the mainland’s benchmark, the Shanghai Composite index, had closed 2015 near a four-month high after bouncing nearly 21 per cent from its […]
