News stories are released on weekdays. 2 hours ago Vatican confirms ban on homosexual candidates for priesthood The Vatican has confirmed that homosexual men should not be ordained to the priesthood. In a new instruction for the training of seminarians, entitled The Gift of the Priestly Vocation, the Congregation for the Clergy says that the Church “cannot admit to the seminary or to holy orders those […]
General assembly meetings of FGB and NBAD held on December 7th Combined bank has total assets of approximately AED655 billion (US$178 billion), representing a 27% market share of UAE banking sector[1] Shareholders approve combined bank’s board of directors from effective merger date Effective date of merger towards the end of Q1 2017 as initially planned. Abu Dhabi, 7 December 2016 Shareholders in First Gulf Bank PJSC (FGB) […]
By Dominique Patton and Steve Holland | BEIJING/NEW YORK BEIJING/NEW YORK President-elect Donald Trump will nominate Iowa Governor Terry Branstad as the next U.S. ambassador to China, choosing a longstanding friend of Beijing after rattling the world’s second largest economy with tough talk on trade and a telephone call with the leader of Taiwan. The appointment may help to ease trade tensions between the two countries, the […]
By Steve Holland | WASHINGTON WASHINGTON U.S. President-elect Donald Trump said on Wednesday he will nominate professional wrestling magnate and former Senate candidate Linda McMahon as his choice to head the Small Business Administration. Trump’s announcement said McMahon would be a key player in his effort to generate stronger job growth and roll back federal regulations. McMahon, 68, is a co-founder and former CEO of the professional […]
Fresh from touting a deal to save hundreds of jobs at the Carrier plant in Indiana as proof he would hold to his election pledge to protect American workers, it appears to have escaped Donald Trump that his attack on Boeing’s contract to replace Air Force One would endanger the employment of thousands of highly skilled aerospace workers. After claiming this week that the “$4 billion” cost […]
Kuwait will request that an OPEC committee responsible for monitoring compliance with a global oil output reduction agreement meet in February or March next year, acting oil minister Anas al-Saleh said on Tuesday. “In my capacity… as head of the committee… I will call for a meeting of the first Monitoring Committee to take place in February or March 2017, ” Saleh said in a statement. “We […]
This article by David Haggith was published first on The Great Recession Blog: I risked losing my fellow anti-establishment readers in September by suggesting Trump may be an establishment Trojan horse. After seeing Trump choose Pence as VP and a Goldman Sachs exec as campaign finance manager, I was concerned the establishment knew a citizen’s revolt was brewing and made sure that even the road to revolt led back to […]
Inuit throat singing admittedly isn’t the easiest sell to the wider music-buying populace, but when it’s presented in the startlingly visceral form favoured by Tanya Tagaq, that’s the loss of those who choose not to listen. Not that the Nunavut-born 41-year-old has struggled to find sympathetic ears to date. She won the prestigious Canadian Polaris Music Prize in 2014, gaining the respect of multimillion-selling contemporaries including Björk […]
DUBAI: Britain will help Gulf states “push back” against aggressive regional actions by Iran, Prime Minister Theresa May told the Gulf Cooperation Council (GCC) in Bahrain on Wednesday in a televised address.“We must… continue to confront state actors whose influence fuels instability in the region,” May told Gulf leaders at their annual summit.“So I want to assure you that I am clear-eyed about the threat that Iran […]
The European Central Bank should retool its asset-purchase programme to fund a wave of new infrastructure spending across the continent, according to one of the world’s most powerful bond managers. Rick Rieder, global chief investment officer of BlackRock’s $1.6tn fixed income business, says the ECB should avoid a “false choice” between continuing on its present course or tapering its existing programme, when it meets to decide monetary […]
But in an era of internet hoaxes, fabrications and the increased use of fake news around the world to further political agendas, Bana’s Twitter account has also raised some questions of veracity and authenticity. Continue reading the main story Her messages are sophisticated for a 7-year-old, for example, particularly for one whose native language is not English. This is my reading place where I wanted to start […]
There is over a month left until Trump’s inauguration, and the President-elect’s hard-hitting negotiating style may have scored yet another economic victory: according to a statement issued by Foxconn, the world’s largest contract electronics manufacturer and a major Apple Inc supplier, the company said it was in preliminary discussions to expand its operations in the United States. “While the scope of the potential investment has not been […]
Starbucks Corp (SBUX.O) set an annual revenue growth target of 10 percent and profit growth target of 15-20 percent for the next five years, and the coffee chain said it planned to open 12,000 stores globally by 2021. The company also said on Wednesday it would open an outlet of its high-end coffee chain, Reserve Roastery and Tasting Room, in Europe, bringing the number to five globally. […]
Sony plans to unleash some of its iconic PlayStation titles on smartphones from next spring, in its most determined attempt yet to capture a bigger share of the $35bn global mobile gaming market. The move follows the runaway success of augmented reality mobile game Pokémon Go, with rival Nintendo’s famous character demonstrating the power of Japan’s intellectual property when tapping into a global pool of smartphone users. […]
Dubai aims to become the seventh leading maritime capital of the world by 2020 ahead of London, New York, Tokyo, Copenhagen, and Rio de Janeiro The UAE is first WTO member from the Arab region to ratify the new Trade Facilitation Agreement (TFA) in April 2016 07 December 2016Dubai aims to become the seventh leading maritime capital of the world by 2020 ahead of London, New […]
This is part of a series on the global rise of exchange traded funds Have we reached Peak ETF? And are we therefore at last in a “stockpicker’s market” where active fund managers skilled in bottom-up stock selection can feast on the mispricings and anomalies that the herd of exchange traded funds have left in their wake? It is beguiling to think that this could have happened. […]
Global medical technology business, Siemens Healthineers, has partnered with Middle Eastern investors to establish its first entity in the UAE. The business said it has joined forces with Easa Saleh Al Gurg Group and Electro Mechanical Co to expand its footprint to the UAE. Siemens Healthineers offers medical imaging, laboratory diagnostics and advanced medical services, consulting and healthcare IT services in the region. The partnership comes at […]
Video Iran’s President on Trump and Nuclear Deal President Hassan Rouhani of Iran said on Tuesday that he would not let the United States back out of the Joint Comprehensive Plan of Action nuclear deal, warning of unspecified repercussions if Washington reneges. By IRINN, VIA REUTERS. Photo by Iranian Presidency, via Agence France-Presse — Getty Images. Watch in Times Video » TEHRAN — Iran’s president said on […]
Samsung is partnering up with SLG Design and Strap Studios to give every Gear S3 classic or frontier owner out there more ways to personalize their smartwatch. That said, these watch bands throw in a touch of style in the mix, creating a perfect blend of fashion and functionality out of the Samsung wearable. Strap Studio (Photo : Strap Studio) With 15 straps made out of Italian leather […]
Abu Dhabi // Sheikh Mohammed bin Rashid led the UAE delegation to the two-day GCC Summit on Tuesday, which is also being attended by UK prime minister Theresa May as she looks to expand trade ties ahead of Britain’s exit from the European Union. The 37th annual talks among the six Gulf member states in Manama were expected to focus on security within the GCC, economic integration […]
Qatar Airways on Tuesday announced that it will offer daily non-stop flights between Doha and Dublin, the capital of the Ireland. Qatar Airways Group CEO Akbar Al Baker said the airline will operate a Boeing 787 Dreamliner on the route which will launch on June 12, 2017. He said: “Qatar Airways has seen unprecedented growth in recent times and continues to launch new destinations on our global […]
Lydia Polgreen, the editorial director of NYT Global at The New York Times, will be The Huffington Post’s next editor in chief. She follows Huffington Post founder Arianna Huffington, who had been at the top of the website’s masthead since its founding in 2005. So excited that my successor as EIC of HuffPost will be Lydia Polgreen, who I know will take HP to new heights. Here […]
December 6, 2016 by: Mark Wiedman and Richie Prager This is part of a series on the global rise of exchange traded funds How do you buy or sell bonds if the middleman is not there any more? As any bond investor will tell you, buying or selling bonds is harder and more costly than in long memory. Since the crisis, regulators have squeezed the investment bank […]
Investment in Manufacturing Innovative Medicines Supports the Kingdom’s “Vision 2030” Aspirations 06 December 2016 Merck Sharp & Dohme (MSD), known as Merck & Co, Inc. in the US and Canada, has today highlighted the initiation of the manufacturing investment agreement with Pharma Pharmaceutical Industries (PPI). This deal enables PPI to exclusively manufacture many of the MSD medicines approved by the Saudi Food & Drug Authority and distributed […]
