By Carl O’Donnell | NEW YORK NEW YORK U.S. food company Kraft Heinz Co (KHC.O) withdrew its proposal for a $143-billion merger with larger rival Unilever Plc (ULVR.L), the companies said on Sunday, raising questions about whether Kraft could turn its focus to another target. Kraft had made a surprise offer for Unilever to build a global consumer goods behemoth that was flatly rejected on Friday by […]
Despite financial woes, Faraday Future is pushing through with its factory in Las Vegas, six months after its construction was stopped from lack of funding. In a statement published on the company’s website, Faraday Future says it will have a competitive bidding process for the construction of its car plant, and has already solicited five bids from “top U.S. and international contractors.” This news comes on the […]
Kraft Heinz, the Warren Buffett-backed US food group, dropped its $143bn pursuit of consumer products rival Unilever on Sunday, only two days after publicly confirming its interest in acquiring the Anglo-Dutch rival. Kraft Heinz said in a joint statement with Unilever that it had “amicably agreed to withdraw its proposal for a combination of the two companies”. A takeover would have created the world’s second-largest consumer goods […]
Photo The Iranian city of Ahvaz during a sandstorm on Saturday. Rain has turned the dust there into mud, which caused power stations to stop working. Credit Morteza Jaberian/Agence France-Presse — Getty Images TEHRAN — Days of protests against dust storms, power outages and government mismanagement in one of Iran’s most oil-rich cities subsided on Sunday after security forces declared all demonstrations illegal. Residents of Ahvaz, a […]
Consumer goods giant Procter & Gamble (P&G) will launch a consumer technology innovation center in Brazil next month. The facility will be working on research and development to bring more innovative ideas and sustainability to products, packaging and processes. The firm has some 17 such centers in operation worldwide. Initially, the center will be based at a former P&G administrative building in the São Paulo state town […]
President Trump unveiled an alternate universe Thursday in which virtually every problem of his is the creation of the press. In a rambling, angry and contradictory media meltdown, Trump bashed “the failing New York Times,” The Wall Street Journal, CNN and the BBC, among others, following a fleeting announcement of a new nominee for Labor Secretary. It constituted what at minimum is a quadrupling down — or might […]
Home-grown restaurant Publique will open its doors in the next two weeks in Souk Madinat Jumeirah. It occupies half the space formerly used by Rivington Grill. The other half is taken up by another new offering – Folly by Nick and Scott – which is also set to open around the same time. Publique is a venture by restaurateurs Jonathan Vercoutere and Julien Pilard, the guys behind […]
Theresa May has ordered her top officials to examine Kraft Heinz’s proposed takeover of Unilever to see if it raises concerns for the wider British economy and merits government intervention. The $143bn takeover approach is a big test for Mrs May’s industrial policy: last year she criticised Kraft’s 2010 takeover of the British chocolate maker Cadbury — the US company reneged on a promise to retain factories […]
The two projects, the first to open since Mr. Trump became president, are among the dozen international business deals from his former life still moving forward — from India to Indonesia, Uruguay to the Dominican Republic. None of them are “new deals,” as defined by the family, as they were already well underway before the election. Continue reading the main story A Web of Complications Mr. Sajwani […]
Hackers are carrying out surveillance on members of the Israeli military by hacking into their Android phones in order to monitor activity and steal data – potentially including photos and audio recordings – according to security companies. Developed and deployed by currently by a so-far unidentified group, ViperRAT is designed to collect sensitive information from infected devices, with those behind the malware seemingly most interested in images […]
In light of the recent flurry of leaks by the so-called “deep state”, which includes such agencies as the NSA and FBI and which last week lead to the resignation of Mike Flynn after a phone recording of his phone conversation with the Russian ambassador was leaked to the WaPo and other anti-Trump publications, an article published on January 12 by the NYT has generated renewed interest. […]
By Saqib Iqbal Ahmed | NEW YORK NEW YORK U.S. stock investors may look to a host of results from consumer-facing companies including Wal-Mart Stores Inc (WMT.N) next week for signs on whether the recent market rally has more room to run. The consumer names are among the last major companies of the S&P 500 earnings season to report, but the results will also be watched for […]
By Cod Satrusayang | BANGKOK BANGKOK Thai police ordered thousands of worshippers to leave the country’s biggest Buddhist temple on Sunday so it can intensify its search for its former abbot, who is wanted on money-laundering charges. Thailand’s ruling junta used a special emergency law on Thursday to let police explore the scandal-hit Dhammakaya Temple after months of failing to get it to hand over Phra Dhammachayo. […]
For populists on both sides of the Atlantic, “expert” is now an expletive, a synonym for out-of-touch elitists swindling the common man. This was perhaps most obvious during the Brexit referendum campaign, when the UK Justice Secretary and “Leave” advocate Michael Gove told a stunned interviewer that “the people of this country have had enough of experts … from organizations with acronyms saying that they know what is best.” Polling indicates […]
By Julia Edwards Ainsley | WASHINGTON WASHINGTON The Department of Homeland Security has prepared new guidance for immigration agents aimed at speeding up deportations by denying asylum claims earlier in the process. The new guidelines, contained in a draft memo dated February 17 but not yet sent to field offices, directs agents to only pass applicants who have a good chance of ultimately getting asylum, but does […]
DUBAI // The Terry Fox Run returned to Dubai yesterday for the first time in three years, with more than 4,000 people taking part in the cancer research event despite the cool, cloudy weather. Participants were able to run, walk, bike and rollerblade or use a wheelchair on the 5-kilometre route on the creek side of Dubai Festival City Mall. The event was held under the patronage […]
President Donald Trump took his press-bashing to a new level on Friday when he called journalists from The New York Times, ABC, CBS, CNN and NBC “the enemy of the American people.” The FAKE NEWS media (failing @nytimes, @NBCNews, @ABC, @CBS, @CNN) is not my enemy, it is the enemy of the American People! — Donald J. Trump (@realDonaldTrump) February 17, 2017 The comment touched off a […]
Al-Nahedh: Structural Changes, Regulatory Compliance and Cyber Security Major Challenges Facing Banks 18 February 2017 Kuwait – Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh stressed the importance of practically facing the economic challenges facing the GCC banks in light of the fall in oil prices, indicating the necessity of applying best practices and highest standards in the structural changes, regulatory compliance and […]
MUNICH A new version of a Trump administration travel ban will not stop green card residency holders or travellers already on planes from entering the United States, U.S. Secretary for Homeland Security John Kelly said on Saturday. U.S. President Donald Trump’s initial attempt to clamp down for security reasons on immigration from seven Muslim-majority countries and on refugees snarled to a halt amid a judicial backlash and […]
When Microsoft rolled out the “Windows as a Service” tagline for Windows 10, most of us assumed it was just another marketing ploy. But as we approach Windows 10’s two-year anniversary, it’s becoming apparent that there’s some substance behind the label. And for Windows power users and IT pros, the ramifications are just beginning to become apparent. Microsoft has published a handful of low-key technical articles covering […]
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. So what if Donald Trump strong-armed media advertisers in the same way he’s trying to get companies to keep jobs in the United States? The subject was broached by a faraway observer after Trump’s angry and rambling anti-press rhetorical screed […]
Two weeks ago, German finance minister Wolfgang Schauble confirmed Donald Trump’s charge that the Euro is far “too low” for Germany, but said he is unable to do anything about it and instead blamed Mario Draghi. “The euro exchange rate is, strictly speaking, too low for the German economy’s competitive position,” he told Tagesspiegel on February 5. “When ECB chief Mario Draghi embarked on the expansive monetary […]
AT&T is testing LTE-enabled drones. AT&T this week saw its flying COWs in action for the first time. The company is building LTE-enabled drones for a range of uses cases. They could be deployed if networks go down in the event of a disaster, to assist in scenarios like forest fires, or for large events like concerts. On Tuesday and Wednesday, the company conducted its first test-flights […]
She and her 10-year-old son, Tíyonn, both have asthma. She sleeps with her rescue inhaler under her pillow. Tíyonn needs medication to keep his lungs working properly and struggles with congestion. He feels safer inside, figuring the air is better, but he’s never far from the trucks. They rumble past Hawkins Street School, the elementary/middle school he attends — an estimated 585 trucks a day on a […]
