By Emily Stephenson | NEW YORK NEW YORK U.S. President-elect Donald Trump was set to interview more candidates for top jobs in his administration on Friday and said he expected to have most members of his Cabinet announced next week. Trump, who takes office on Jan. 20, is still weighing who to choose as secretary of state. The Republican president-elect said on Thursday he had chosen retired […]
The threat of disruption means CIOs and their c-suite peers are under more pressure than ever before to develop creative solutions to business challenges. Almost three quarters (73 per cent) of companies around the world believe they are exposed to digital disruption today, according to Tech Research Asia. Such is the threat of change that 61 per cent of these firms are taking affirmative action and trying […]
On the heels of Jeff Gundlach‘s “there’s going to be a buyer’s remorse period” warnings yesterday, the other ‘bond king’ has raised similar fears that the Trump rally is overdone (as are the prospects for growth behind it). Putting aside the book-talking as their bond portfolios suffer, Gross echoes Gundlach’s “Trump’s not the wizard of oz” comments, noting that the next president faces serious structural headwinds and […]
By Matthias Inverardi and Harro Ten Wolde | FRANKFURT FRANKFURT Aixtron (AIXGn.DE) will have to take action to balance income and costs, including potential job cuts, if U.S. President Barack Obama blocks its takeover by China’s Fujian Grand Chip Investment Fund (FGC). Shares in the German semiconductor equipment maker fell more than 5 percent on Friday following a report by Bloomberg, citing sources, that said Obama was […]
Symantec After four years of investigation, Europol, and other agencies have moved against the prominent Avalanche botnet platform which acted as a hub for malware campaigns worldwide. Europol publicly disclosed the operation on Thursday, made possible through partnerships with the FBI, the US Department of Justice (DoJ), the German Public Prosecutor’s Office Verden Eurojust and technology firms including Shadowserver and Symantec. Law enforcement agencies moved 30 November […]
Investors poured money into US equity funds and pulled it from European ones in a week dominated by hopes for an acceleration in US economic growth and anxiety over Italy’s referendum on constitutional reform this weekend. European equity funds lost $2bn in the week to November 30, according to data from EPFR, while US funds attracted $4.4bn. That takes the total inflow for US equity funds since […]
Coutts, the taxpayer-owned bank, provided offshore services to controversial clients including a member of the Brunei royal family accused of stealing billions from his own country, and a banker charged with assisting the sons of Egypt’s deposed president, Hosni Mubarak, in financial crime. Known as the Queen’s bank after its most famous customer, Coutts is revealed to have managed secretive tax haven structures for the Sultan of […]
In late July, Moussa Aksar, the director of Niger’s L’Évènement newspaper, answered his phone and heard a familiar voice warning him that he was, once again, in danger. “Be careful,” a friendly source told Aksar. “Look out for yourself and be careful what you say on the phone.” Aksar had just published Niger’s first exposé from the Panama Papers, the investigation based on a leak of documents […]
India, China and Russia on Thursday held their first round of consultation on Asia-Pacific Affairs which included regional security architecture, coordination within regional and multilateral fora, anti-terrorism and other regional issues, according to PTI as reported by The Statesman. The consultation was attended by representatives from Ministry of Foreign Affairs of China, Ministry of Foreign Affairs of Russia and Ministry of External Affairs of India, an Indian […]
By Greg Torode and Marius Zaharia | HONG KONG/SINGAPORE HONG KONG/SINGAPORE As the impounding of Singaporean troop carriers in Hong Kong exposes rising tensions between China and Singapore, the Lion City is unlikely to budge on core security interests concerning Beijing – its military relationship with Taiwan, worries over the South China Sea and its hosting of the U.S. military. Singaporean officials, retired military officers and analysts […]
As a microcosm of the wrenches and stresses enterprise services are experiencing, Cognizant‘s week has been pretty fascinating. Last weekend Elliott Management took an activist controlling role in Cognizant, one of the most strategic services firms, with an open public letter to Cognizant’s management essentially chastising them for too much investment in the future and for not squeezing enough money out of the IT services world as […]
By Roslan Khasawneh | SINGAPORE SINGAPORE Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week’s OPEC-Russia accord on cutting output giving way to questions on the “sticking point” of implementing the deal. International Brent crude oil futures LCOc1 were trading at $53.36 per barrel at 0446 GMT, down 58 cents, or […]
ABU DHABI // This National Day, a celebration of 45 years of the UAE, is an opportunity to pay tribute to the country’s remarkable progress and its Rulers. Around the country, Emiratis, residents and tourists are expected to flock to public places to celebrate the occasion. Aziz Al Shamsi, 45, an Emirati, said National Day was a day of unity for all who live in the UAE. […]
US technology shares are on track to log their worst week in seven months as investors shifted their focus to equities that will benefit from the soaring price of oil and the policies of the Trump administration. The S&P 500 technology index, a measure of large companies in the sector, has declined by 3.3 per cent since last Friday. The fall would represent the steepest drop since […]
Fully operational since July, Electrochaea’s one-megawatt BioCat facility near Copenhagen converts excess electrical power from wind turbines and waste CO2 from the neighboring water treatment plant into methane for the natural-gas grid. Credit: Ronnie Ranch Hedegaard, courtesy of Electrochaea One of the biggest challenges to wider adoption of wind and solar power is how to store the excess energy they often produce. A technology developed at the […]
Communications Minister Mitch Fifield has broken out the number of FttN premises ready for service, providing a temporary level of increased transparency into the NBN rollout numbers that usually lump fibre to the node (FttN), fibre to the basement (FttB), and fibre to the premise (FttP) technologies into a single total. With the number of ready for service FttN premises overtaking the number of brownfields FttP premises […]
Petrochemicals companies led Gulf stock markets higher on Thursday in response to OPEC’s first agreement on output cuts to prop up oil prices since 2008 – a deal that could allow governments to ease austerity policies slightly. Expectations for the deal had already boosted oil and Gulf bourses on Wednesday, but the agreement included bigger production cuts than many analysts had expected, lifting oil prices higher on […]
Hello Bill, I’ve followed GATA and LeMetropoleCafe since 1999. Following the work of you, Chris and GATA contributors has been most interesting. I follow a lot of media, including many sites not under the control of the Russian government, such as the Wall Street Journal. For an American who is not an insider GATA is the single best source news and analysis of the economy and financial […]
ABU DHABI // Tickets for British band Coldplay’s New Year’s Eve show in Abu Dhabi have turned up online at inflated prices, barely hours after the concert sold out in record time. Fans hoping to see the band are angry that some were able to buy batches of tickets to resell for profit. General admission tickets, priced at Dh395 for the du Arena gig, were being resold […]
|By Arabian Post Staff| Reporters have faced consequences both in nations where media crackdowns are common and also in nations with reputations for high levels of press freedom In late July, Moussa Aksar, the director of Niger’s L’Évènement newspaper, answered his phone and heard a familiar voice warning him that he was, once again, in danger. “Be careful,” a friendly source told Aksar. “Look out for yourself and be careful […]
By Alonso Soto and Lisandra Paraguassu | BRASILIA BRASILIA Venezuela will be suspended from the Mercosur regional trade bloc as early as Friday for failing to meet membership requirements, a Brazilian official said, in the latest blow to the oil-producing country during a deep political and economic crisis. According to the official, who asked for anonymity because of the sensitivity of the issue, Mercosur understands that Venezuela […]
Tax compliance gets easier for companies, but new data highlights post-filing challenges across the world JOHANNESBURG, South Africa, December 1, 2016/ Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on business, according to the latest edition of Paying Taxes 2017, a report by the World Bank Group and PwC (www.PWC.com ). Released today, the report finds that the Total […]
By Daniel Ramos and Fredy Builes | LA PAZ/MEDELLIN, Colombia LA PAZ/MEDELLIN, Colombia Bolivian authorities on Thursday suspended the license of a tiny charter airline whose plane crashed in Colombia this week after apparently running out of fuel, killing 71 people and wiping out a Brazilian football team on its way to a regional cup final. Monday night’s disaster sent shock waves across the global football community […]
Saudi Arabia’s aviation agency was attacked last month by an aggressive computer virus intended to disrupt high-profile government targets, officials and experts said on Thursday. The attack, which experts say emanated from outside the country, used a version of Shamoon, malware used to target the Saudi energy sector four years ago. Similar kinds of data-clearing software were used in 2014 against the Las Vegas Sands and Sony. […]
