Electrolux, the Swedish appliance maker, is exploring starting an “Uber for laundry” in which consumers would use their own washing machines to wash other people’s clothes. Jonas Samuelson, the new chief executive of the world’s second-biggest white goods manufacturer, told the Financial Times that Electrolux was trying to overcome big hurdles to make the project work. “We have a few fun ideas we are testing, like: how […]
By Isabel Coles | GOGJALI, Iraq GOGJALI, Iraq Until three weeks ago, many of Abu Osama’s customers were Islamic State militants who brought their wives and children to his pharmacy on the eastern edge of Mosul for injections and treatment. Now, most of them are Iraqi security forces who recaptured the Gogjali neighborhood earlier this month and are pushing further into the city, which has been under […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on how infrastructure and fiscal policy shake-ups will play out for investors in the light of the current “Trumpflation” market rallies. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Infrastructure spending is the new zeitgeist of our age but we should have […]
November 27, 2016 by: Anne-Sylvaine Chassany in Paris French voters were heading to the polls on Sunday in a primary run-off contest predicted to give François Fillon the centre-right nomination and a good chance of becoming president of France next year. Mr Fillon, the former prime minister who unexpectedly surged to pole position with 44 per cent of the votes in a first round last Sunday, is […]
Here are the big questions we are asking at FT Markets into the week when the calendar flips over into December. Will Opec deliver a meaningful production cut? All eyes are on Vienna and Opec’s annual gathering with a keenly awaited decision on production levels. An Opec deal on Wednesday that delivers a concrete supply reduction of at least 1m barrels a day, with non-members such as […]
COLUMBUS, Ohio — Generations of Ohio State and Michigan fans will debate the latest episode of one of college football’s most impassioned rivalries, a 30-27 Ohio State victory in two overtimes on Saturday, the Buckeyes’ fifth straight win over the Wolverines. What if Michigan quarterback Wilton Speight — who generally played well, completing 23 of 36 passes for 219 yards and two touchdowns — had not fumbled […]
The Microsoft Surface Pro and Apple iPads are some of the most popular tablets available in the market. It seems that these two tablets will soon see a new competition called Eve V, which will feature top-end specs and a reasonable price tag. Helsinki-based startup Eve Tech had aimed to raise $75,000 in its Indiegogo crowdfunding campaign for the Eve V. However, the company has already raised […]
Your daily guide to community and cultural activities across the Emirates for November 27, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Art exhibition See No White Walls, featuring works created by professional artists in the UAE who have collaborated on an initiative to develop the art scene in Abu Dhabi by staging exhibitions […]
KUALA LUMPUR Malaysian Prime Minister Najib Razak said on Sunday that he will “not necessarily” call a snap election next year, amid talk that he would seek an early vote as splits in the opposition have hobbled efforts to oust him over a long-running financial scandal. The multi-ethnic Southeast Asian country is due to hold an election by August 2018, and a government official has told Reuters […]
Saudi-based developer Cayan Group is set to announce the launch of a hotel apartments tower as part of its $272 million Cayan Cantara project in Dubai. The developer said in a statement that the hotel apartments tower will be managed and operated by a well-renowned hospitality giant, to be named later this month. The launch will represent the company’s first foray into the hospitality sector, it said. […]
By Alexandra Ulmer | CARACAS CARACAS Venezuela’s ruling socialists mourned former Cuban leader Fidel Castro, while opposition hardliners exulted over the death of a man they call a dictator who helped wreck the economy and whose country has for years got an easy ride with subsidized oil. The two leftist Latin American governments became intimate allies under Castro and his younger disciple, the late Venezuelan leader Hugo […]
By Noel Randewich | SAN FRANCISCO SAN FRANCISCO Wall Street expects consumers to open their wallets a little wider this holiday shopping season but bargains among red-hot retail stocks could be hard to find, especially as profit growth proves elusive for many big names. Retailers, including Best Buy, Kohls Corp and Macy’s, that were pummeled in last year’s disappointing holiday quarter have seen their shares surge recently […]
If breakfast is the most important meal of the day, why not have it for lunch and dinner, too? It seems the all-day breakfast trend is being embraced by cafes across the UAE, with options appearing at many venues. Much like the age-old chicken or the egg question, it is unclear whether the birth of the ‘Breakfastarians’ – a term popularised on the internet and in IHOP […]
Amid increasing social unrest, a collapsing currency (against the dollar), and an economy at a standstill, there has been another growing fear in India that has spooked many around the world. The rumors and speculation of an Indian gold import ban (or even an outright ban on gold ownership) have sparked panic-buying of the precious metal sending retail premia soaring at local jewelers. In an effort to […]
Gold pared a third weekly drop as the dollar halted a rally that sent bullion prices to a nine-month low and pushed silver into a bear market. Bullion’s first gain in four days cut this week’s loss to 2 percent. Prices have tumbled as strong economic data and the prospect of more spending after Donald Trump’s U.S. election win boosted bets for higher interest rates. Investors are […]
newslide Marianne Faithfull pays homage to Paris attack victims at Bataclan British singer and 1960s icon Marianne Faithfull paid homage to the victims of last year’s Paris attacks in a concert at the Bataclan on Friday (November 25) singing a song she wrote about the tragedy. “For me, this is an important concert, there are lots of things which I must mourn – through music and through […]
By Alexandria Sage | LOS ANGELES LOS ANGELES Volvo’s North American CEO, Lex Kerssemakers, lost his cool as the automaker’s semi-autonomous prototype sporadically refused to drive itself during a press event at the Los Angeles Auto Show. “It can’t find the lane markings!” Kerssemakers griped to Mayor Eric Garcetti, who was at the wheel. “You need to paint the bloody roads here!” Shoddy infrastructure has become a […]
FRANKFURT German trains-to-turbines group Siemens is well placed to do business in the United States, regardless of whether President-elect Donald Trump backs fossil-fuels at the expense of renewable energy, its CEO told a newspaper. “The good thing is that we can offer everything. Steam power plants that are powered by coal, state-of-the-art gas-fired power plants, wind energy, we can build solar parks and the necessary link to […]
Beats on The Beach may have been at the Abu Dhabi Corniche on Friday, but the evening was full of Jamaican beach vibes. Dance hall king Sean Paul delivered an exuberant, hit-laden set on the second day of the three day free music festival. The 42-year-old attempted to pack in many of the hits he’s accumulated since emerging on the scene 20 years ago. On that score, […]
DUBAI // Thousands braved the morning chill on Friday to take part in a charity run on Al Mamzar beach. Around 2,000 participants from all ages took part in the 3km walk and 7km Unity Run to raise funds for Al Noor Training Centre for Persons with Disabilities and raise awareness for people with special needs. The event, held at Al Mamzar Corniche, coincided with the celebration […]
By Marc Frank | HAVANA HAVANA Fidel Castro, the Cuban revolutionary leader who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday, his younger brother announced to the nation. He was 90. A towering figure of the second half of the 20th Century, Castro had been in poor health since an intestinal […]
Nov. 21, 2016 11:03 a.m. ET LONG BEFORE BRITISH ACTOR and rapper Riz Ahmed made a career of role-playing, he was already navigating competing identities. “There was a bit of a jump between home and school, both culturally and classwise—I often found myself pinballing between different versions of myself,” says Ahmed, 34, about his teenage years. “I guess, in a way, I was sort of acting from […]
Updated Nov. 25, 2016 4:08 p.m. ET Black Friday and Thanksgiving are continuing to gain on Cyber Monday as online shopping bonanzas. On Friday, Amazon.com Inc. said that Black Friday and Thanksgiving orders are on pace to surpass the same two days last year, thanks to more mobile shopping and a surge of discounts. While online retail used to be focused on Cyber Monday, “this is not […]
WHEREVER you are right now, there’s a very good chance the weather is much nicer in San Diego. California’s second most populous city has long used its relentlessly pleasant climate to lure travelers to attractions like the USS Midway, SeaWorld, more than 90 golf courses and roughly a bazillion miles of beaches and hiking trails. Rarely does a sneak attack of cold or wetness ruin a weekend […]
