By Philip Pullella | CAIRO CAIRO Pope Francis celebrates a Mass in a military stadium on Saturday, the last of a two-day visit to Cairo where he has called for leaders of all faiths to reject religious violence and denounce intolerance. Three weeks after Islamic State militants killed at least 45 people in attacks on two Egyptian churches, Francis has used his trip to launch a strong […]
Nobody should ever attempt to judge an investment over a period of just 100 days. It is far too short a time to assess the quality of performance and far too prone to random effects. And in any case, most of us need results over very much more than 100 days. It is therefore a little random to be judging the Trump presidency’s impact on investors after […]
Our latest tale of corruption takes us to South Asia, where the Pakistani Prime Minister Nawaz Sharif has just escaped an attempt to unseat him. His opponents had pressed the country’s supreme court to investigate him, and although Mr Sharif will retain power, the investigation is far from over. The scandal in Pakistan dates back to April last year, and the release of the Panama Papers. In […]
28 April 2017 Beirut, April 27, 2017 US$ 43.9 billion of assets US$ 36.0 billion of customers’ deposits US$ 17.0 billion of loans to customers Advertisement US$ 3.8 billion of shareholders’ equity US$ 110 million of net profits in the first quarter of 2017, of which 23% from Odea Bank and 10% from Bank Audi Egypt, raising the contribution of entities abroad to consolidated net profits to […]
By Alastair Macdonald | BRUSSELS BRUSSELS European Union leaders at a Brexit summit on Saturday will give a formal undertaking to embrace the British province of Northern Ireland in the EU if a referendum unites the island, diplomats said on Friday. Irish Prime Minister Enda Kenny has asked fellow members of the bloc to acknowledge that Northern Ireland would, like East Germany in 1990, automatically enter the […]
Your daily guide to community and cultural activities across the Emirates for April 28, 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. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Ajman Theatre See the final […]
The US economy expanded at its weakest pace in three years during the opening months of the year, underlining the daunting task facing Donald Trump’s administration as it seeks to attain ambitious growth targets. Gross domestic product grew at a 0.7 per cent annual rate in the first three months of 2017, according to the Bureau of Economic Analysis, a sharp drop from 2.1 per cent at […]
By Philip Pullella and Mahmoud Mourad | CAIRO CAIRO Pope Francis, making a two-day visit to Egypt, urged Muslim leaders on Friday to unite in renouncing religious extremism at a time when Islamist militants are targeting ancient Christian communities across the Middle East. Francis’s trip, aimed at improving Christian-Muslim ties, comes just three weeks after Islamic State suicide bombers killed at least 45 people in two Egyptian […]
By Julia Fioretti | BRUSSELS BRUSSELS Power plants in the European Union will have to cut the amount of toxic pollutants they emit such as nitrogen oxides under new rules approved by EU member states on Friday and widely applauded by environmental groups. The decision imposes stricter limits on emissions of pollutants like nitrogen oxide, sulphur dioxide, mercury and particulate matter from large combustion plants in Europe. […]
By Lucia Mutikani | WASHINGTON WASHINGTON The U.S. economy likely hit a soft patch in the first quarter as an unseasonably warm winter and rising inflation weighed on consumer spending, in a potential setback to President Donald Trump’s promise to boost growth. Reduced business investment in inventories and government spending cuts also crimped gross domestic product growth. A Reuters survey of economists conducted last week forecast GDP […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. When Barack Obama was vacationing recently with Bruce Springsteen, Tom Hanks and Oprah Winfrey aboard a $300 million yacht in Tahiti, one wonders if he ever hummed Springsteen’s “All Or Nothin’ At All.” At the moment, it seems like he […]
Deutsche Bank said on Friday that it had appointed Citigroup treasurer James von Moltke as its new chief financial officer. Germany’s biggest lender has been looking for a new finance director since it announced last month that Marcus Schenck would take on a new dual role as co-head of the investment bank and joint deputy chief executive. Citi declined to comment on the news, which was first […]
WASHINGTON U.S. President Donald Trump on Thursday spurned the Taiwanese president’s suggestion that the two leaders hold another phone call, saying he did not want to create problems for Chinese President Xi Jinping when Beijing appears to be helping efforts to rein in North Korea. In a White House interview, Trump brushed aside the idea after Taiwanese President Tsai Ing-wen told Reuters on Thursday she would not […]
Barclays has reported a doubling of underlying quarterly profits, excluding a big hit for selling its African unit, as its chief executive sought to shift attention away from a row over his treatment of a whistleblower. Jes Staley, who is being investigated by British and American regulators for trying to discover the identity of a whistleblower, said: “We are now just two months away from completing the […]
That small drama points to the bigger issue confronting Francis as he lands in Cairo against a backdrop of swirling anxiety and turmoil. Christians across the Middle East are under intense pressure. After years of persecution by Islamist militants, half of Iraq’s Christian population has fled, and a lonely beach in Libya was the setting for the 2015 beheading of 21 Egyptian Christians in orange jumpsuits. Continue […]
WASHINGTON U.S. President Donald Trump told Reuters on Thursday he will either renegotiate or terminate what he called a “horrible” free trade deal with South Korea and said Seoul should pay for a U.S. anti-missile system that he priced at $1 billion. In an interview with Reuters, Trump called the five-year-old trade pact with South Korea “unacceptable” and said it would be targeted for renegotiation after his […]
Girls start believing they aren’t good at math, science and even computers at a young age — but providing fun STEM activities at school and home may spark interest and inspire confidence, suggests a new study. (via WSJ)
Almost every time a hot Silicon Valley startup finally grits its teeth and releases diversity data, the story’s the same. Facebook? Mostly male. Uber? Male-dominated. Google? Same story. It’s a problem that’s gotten plenty of play in the tech press. In 2014, Wired ran an 1,800-word dissection of Silicon Valley male-ness titled “This is what tech’s ugly gender problem really looks like.” The story, which profiled women […]
Atlus has issued an apology for the draconian video policy that it implemented for Persona 5, and has now rolled back on the streaming limitations for the RPG. The apology came as streamers criticized and defied the policy, which limited uploaded video content of Persona 5 to only reach until July 7 in the RPG’s in-game calendar. Atlus’s Restrictive Streaming Policy For ‘Persona 5’ In a post published by […]
WASHINGTON U.S. President Donald Trump said on Thursday a major conflict with North Korea is possible in the standoff over its nuclear and missile programs, but he would prefer a diplomatic outcome to the dispute. “There is a chance that we could end up having a major, major conflict with North Korea. Absolutely,” Trump told Reuters in an Oval Office interview ahead of his 100th day in […]
Kickass Torrents and its related proxy websites will be blocked under Australian law thanks to a judgment in the Australian Federal Court case between several music studios and internet service providers (ISPs). Within 15 days, each ISP must take “reasonable steps” to block Kickass Torrents, Justice Burley said on Friday, via DNS blocking or any alternative means for disabling access to the online location. Burley J added […]
Mahatma Gandhi said that a journalist’s peculiar function is to read the mind of the country and to give definite and fearless expression to that mind. Journalism plays a critical role in the development of any society. It’s a driving force for social progress, thought and expression. It informs the public on important matters; it holds entities and people accountable for their actions and decisions; and it’s […]
The FCC has made its initial proposal as to how it intends to do away with net neutrality — and despite what leadership there has said, that’s definitely how the document reads. You are free to make your thoughts known on the notice of proposed rulemaking, as it’s called, and here’s how to do it. Because millions of commenters nearly crashed the entire system when net neutrality […]
Exactly one month after Trump was humiliated by his own party, when in the last moment the House failed to get the number of votes to pass a Republican healthcare bill due to holdouts from the conservative Freedom Caucus, the president’s second attempt to repeal Obamacare before his first 100 days in office run out, appears on the edge of failure. However, whereas the latest effort succeeded […]
