By Jacob Gronholt-Pedersen and Ron Bousso | COPENHAGEN/LONDON COPENHAGEN/LONDON Talks between shipping group A.P. Moller-Maersk (MAERSKb.CO) and DONG Energy (DENERG.CO) to merge their oil and gas business have stalled after the two Danish firms could not agree on a price, industry and banking sources said on Wednesday. The breakdown in talks aimed at creating a joint company worth more than $10 billion may open the door for […]
· Acquisition to be funded by a Placing of up to 9.99% of the issued share capital of the Company and through new debt facilities 14 December 2016 UAE – NMC Health plc. (NMC), the leading integrated healthcare provider operating across the United Arab Emirates, is pleased to announce the proposed acquisition of Al Zahra Hospital in Sharjah from Gulf Medical Projects Company (“GMPC”) for AED 2,058 million […]
Telstra is addressing the skills shortage in the technology sector through the launch of their Business Technology Services (BTS) academy, which will see a handful of new recruits trained as security or network specialists by the telco. With 29 participants six weeks into their three-year academy course, Telstra BTS executive director Christopher Smith told ZDNet the initiative has so far seen the recruits undergo intensive training and […]
Dec 14, 2016 10:30 am IST As for the rest of the world, 2016 has been an eventful year for India. From the cash crunch to pollution to terrorist attacks to the Rio Olympics, there has been plenty for Indians to talk about online. Twitter, Facebook and YouTube have ranked the most talked about events, videos, people and hashtags of 2016. Perhaps unsurprisingly, Twitter said Indian Prime […]
By Patricia Zengerle | WASHINGTON WASHINGTON U.S. Senate Democrats plan to enlist accountants and legal experts to pore through the business records of Exxon Mobil Chief Executive Rex Tillerson, President-elect Donald Trump’s pick for secretary of state, Democratic aides said. Tillerson could face a rocky confirmation process, given concerns among both Democrats and Republicans about his ties to Russia. If Tillerson can overcome the skepticism of Republicans, […]
HONG KONG HSBC has launched a $290 million lending facility aimed at technology start-ups and other new industries in China’s Pearl River Delta region, intensifying the battle for a slice of a business that is growing despite a slowing economy. Showered with money from private investors over the last few years, the promising technology start-ups in China, the world’s second-largest economy, have shunned traditional lenders, seeking to […]
By Laila Bassam and Angus McDowall | ALEPPO, Syria/BEIRUT ALEPPO, Syria/BEIRUT Syrian rebels prepared to withdraw from Aleppo on Wednesday after a ceasefire agreement that ended years of fighting in the city and gave President Bashar al-Assad his biggest victory yet after more than five years of war. The agreement was a result of talks between Russia, Assad’s main ally, and Turkey, a leading backer of the […]
By Marc Jones | LONDON LONDON A quarter of a century after the collapse of the Soviet Union, life satisfaction in Russia and other ex-Soviet states remains stubbornly low, and enthusiasm for democracy and open market economics is wavering, a survey published on Tuesday showed. The study found that only 15 percent of Russians think their households have a better quality of life, compared with 30 percent […]
Investors are making a record bet on global bank shares following the US election, according to a new survey of institutional money managers that also highlights the risks to the sector if Donald Trump fails to deliver faster economic growth. The allocation that investors made to bank stocks this month climbed to a weighting of 31 per cent above their benchmarks, up from 25 per cent in […]
Submitted by Lance Roberts via RealInvestmentAdvice.com, During my morning reading, I ran across an interesting article from Paul Lim via Time giving several reasons why the stock market will “rise for a ninth straight year.” “For ordinary Americans, 2017 is likely to feel like the best year economically since the Great Recession. The recovery is finally expected to trickle down to you in the form of […]
Bill Gates, Jeff Bezos and a number of other prominent figures among the world’s richest people are pledging a $1 billion investment fund for clean energy efforts. The new investment fund aims to help advance clean energy production, which in turn would help fight climate change and the negative impact it has on the environment. Breakthrough Energy Innovations The effort is a multiyear fund called Breakthrough Energy Ventures, which […]
Low interest rates pose one of the biggest threats to the US economy and expose investors to the potential for heavy loses from a price shock across a range of markets, according to an independent arm of the US Treasury. The concerns are raised in the Office of Financial Research’s annual financial stability report to Congress, which concludes that threats to stability remain “in a medium range”. […]
Miral partners with SeaWorld to create a next-generation marine life theme park and the UAE’s first Marine Life Research, Rescue, Rehabilitation and Return Center by 2022 13 December 2016 UAE – Miral and SeaWorld Entertainment, Inc. (NYSE:SEAS) (“SeaWorld”) today announced their partnership to develop SeaWorld Abu Dhabi, a first-of-its-kind marine life themed park on Yas Island. This next generation SeaWorld Abu Dhabi will also include the United […]
Google, Facebook and other online advertising businesses face strict new privacy rules from Brussels on the ways they can track people online. The new rules would compel websites and browsers, such as Google Chrome, to switch from a default of allowing users to opt out of online advertising to asking them to opt in to view adverts based on their browsing history, according to a leaked draft […]
When I first moved to Mexico, I started working with a really cool organization called Palabra Radio, which is a community radio organization here in Oaxaca. I was really impressed with how communities were operating, owning, and sort of dealing with everything that comes with operating their own low power FM radio station. That gave me the idea to try and do something similar with mobile communication, […]
Information and Education In the past 10-20 years, a massive increase in mobile computer processing power changed the way the world consumes and digests information. More and more people around the globe have access to education, almost in real-time. People in the East can see how people in the West live. Lifestyles of people in the Northern hemisphere are visible to people living in the South. Being […]
13 December 2016 HRH Prince Alwaleed Bin Talal Bin Abdulaziz AlSaud, Chairman of Alwaleed Philanthropies, announced supporting the Breakthrough Energy Ventures (BEV) with $50 million, through joining Bill Gates and members of the Breakthrough Energy Coalition (BEC) in their commitment to invest more than $1 billion in energy technologies. Breakthrough Energy Ventures (BEV) is an investor-led fund that will finance emerging energy breakthroughs to deliver affordable and […]
Demand for oil will outstrip supply in the next six months as long as Opec and countries outside the cartel can implement a deal signed over the weekend to lower output, according to one of the world’s leading energy forecasters. The International Energy Agency said the planned production cuts, which add up to 1.8m barrels a day, could reduce stockpiles by as much as 600,000 b/d over […]
By Nigel Stephenson | LONDON LONDON Global shares edged up on Tuesday, helped by gains in banks after Italy’s largest lender unveiled a 13 billion euro share issue, while the dollar held steady before a Federal Reserve meeting expected to deliver higher interest rates. UniCredit launched Italy’s biggest share issue to clean up its balance sheet and boost profitability in the latest move to strengthen the Italian […]
13 December 2016 UAE, Philippos Petrakakos, CEO of Natura Food Imports, owner of distribution rights of Greek water Hyas in the region declared that the UAE is considered as an important gateway for European brands into the GCC and the Middle East. Petrakakos noted that quality, health standards and trading regulations implemented by UAE authorities on international goods are regarded with the utmost respect by global companies. […]
Dec 12, 2016 10:08 am IST As more airlines roll out in-flight internet and regulators loosen rules governing wireless devices on planes, one country is a holdout in continuing to prohibit passengers from using Wi-Fi on board: India. Home to the fastest-growing major air-travel market and a galloping economy, India hasn’t consented to the use of onboard Wi-Fi in its airspace due to security concerns. Carriers including […]
Algebris Investments, a London-based asset manager, is seeking to raise €1bn for a second fund aimed at Italy’s non-performing loans as investors’ interest in what’s been the Achilles heel of the country’s banking sector intensifies. The launch by Algebris, which has $6bn in assets under management, comes amid increased focus by foreign investors on the potential of Italy’s pile of €360bn of problem loans, of which €200bn […]
After eight years in which interest rates in rich countries have kept close to all-time lows, a change of weather is in the air. Donald Trump’s election as US president and widespread expectations that the Federal Reserve will nudge rates higher this week have made their mark on the markets. The big question is whether short-term pressures for higher US interest rates are strong enough to overturn […]
International heads of state named on the rolls of clandestine companies in tax havens. Canada’s big banks facilitating tax avoidance through thousands of offshore enterprises. Strawmen fronting businesses to mask the identities of the real owners. After a year-long investigation into 11.5 million leaked tax haven documents, the Panama Papers were finally made public last April — and they landed like a bomb. […]
