The Australian dollar and Norwegian krone are vying for the ignominious title of worst-performing major currency today as commodity prices tumble. Following a stumble in oil prices in Asia on Friday that took Brent crude and West Texas Intermediate to their lowest since November, the krone (pictured above) suffered a sharp fall and surpassed the Aussie dollar as the worst among major currencies. The krone was down […]
White House officials said foreign leaders would be more willing to help the United States if disagreements over human rights and other issues were aired in private. They cited the recent release of an Egyptian-American aid worker detained in Egypt, which was negotiated in quiet talks with President Abdel Fattah el-Sisi. Continue reading the main story “Obama’s approach was to build support with the Arab public through […]
By Michael Flaherty and Ankit Ajmera Greenlight Capital escalated its battle against General Motors Co (GM.N) on Thursday, posting credit ratings documents that it said the automaker inappropriately changed to undermine the hedge fund’s proposal to create two classes of GM stock. Greenlight, which owns 3.6 percent of GM shares, has said its dual share plan would boost GM’s value by creating a dividend class and a […]
Your daily guide to community and cultural activities across the Emirates for May 5, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani 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 Abu Dhabi Food festival Visit […]
GENEVA The United States will shoot itself in the foot if it quits the Paris climate accord because China, India and Europe will snap up the best power sector jobs in future, U.N. Environment chief Erik Solheim said on Thursday. U.S. President Donald Trump is expected to announce as early as next week whether he will take the United States out of the climate pact, having vowed […]
(Image: file photo) Last month, several competing students from universities across the US descended upon San Antonio for the National Collegiate Cyber Defense Competition (CCDC). CCDC, which originated in 2005, is a defensive security competition that puts students in a real-world commercial IT environment and tests their ability to defend, detect, and respond to outside threats, including maintain availability of existing services like mail servers and web […]
Authored by 720Global’s Michael Lebowitz via RealInvestmentAdvice.com, “History has not dealt kindly with the aftermath of protracted periods of low risk premiums” – Alan Greenspan The ability to see beyond the observable and the probable is the most important and under-appreciated characteristic of successful investors. For example, visualize a single domino standing upright. With this limited perspective, one can establish what the domino is doing in the […]
Prime Minister of Malta Joseph Muscat | Ben Pruchnie/Getty Images MEPs want to speak to Joseph Muscat during run-up to national election. By Harry Cooper 5/4/17, 3:44 PM CET Updated 5/4/17, 3:54 PM CET Joseph Muscat, Malta’s embattled prime minister, has been summoned to address the European Parliament’s committee on the Panama Papers scandal on May 18, weeks before the country goes to the polls for a snap […]
MOSCOW Kremlin critic Alexei Navalny said on Thursday that authorities in Russia were stopping him going abroad to seek urgent medical treatment after an attack that left him mostly blind in one eye. Navalny said the authorities had unexpectedly issued him with an international passport of the kind Russians need to travel abroad after refusing to do so for the last five years. That had given him […]
How do best performing companies and leaders deliver value with a vision and foundation for success? SAP works with some of the best companies and CEOs across the region in helping them achieve transformation through innovation and technology. This new CEO Innovation Series, supported by SAP will share and tell the best stories of achievement and feature top leaders on how they continue to lead by example. […]
ABB string inverters deliver power for the residents of Dubai’s first all-electric city. 04 May 2017 Dubai’s first city to be powered completely by solar energy relies on ABB string inverters to harness the power of the sun for residents. Inverters convert the direct current (DC) output from the panels in to the alternating current (AC) needed in homes. ABB has supplied 400 string inverters to […]
By Jeff Mason and Matt Spetalnick | WASHINGTON WASHINGTON President Donald Trump vowed on Wednesday to do “whatever is necessary” to broker peace between Israel and the Palestinians as he hosted Palestinian President Mahmoud Abbas at the White House, but offered no sign of how he could revive long-stalled negotiations. In their first face-to-face meeting, Trump pressed Abbas and other Palestinian leaders to “speak in a unified […]
China has rapidly emerged as the leading issuer of green bonds, spurring excitement among the green finance community that they will help the world’s largest emitter reduce its choking pollution. But although the amount raised is carefully tracked, how the money is being spent is less clear. China issued $36bn of green bonds in 2016, up from almost none the year before, and analysts expect it to […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks retreated on Thursday, taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve delivered a hawkish policy statement. At the end of its two-day meeting, the Fed kept its benchmark interest rate steady as expected, but downplayed weak first-quarter economic growth and emphasized the strength of the labor market, […]
Long before TV presenter Naoufer Ramoul had an apartment to decorate, she had chosen an interior designer. Ramoul, who is the presenter of the weekly political debate show Qabil li Niqash, had come across Harf Noon Design Studio on Instagram, and immediately got in touch with the company’s founder, Nisrine El Lababidi. “Naoufer messaged me and said: ‘Nisrine, I don’t own a house at the moment, but […]
Dubai, UAE, 3 May 2017 Dubai Electricity and Water Authority (DEWA) has signed a Memorandum of Understanding (MOU) with the Emirates Green Building Council (EmiratesGBC) to enhance mutual cooperation on Solar Decathlon Middle East (SDME). SDME is a distinguished competition that is organised by Dubai Supreme Council of Energy (DSCE) and DEWA, and will happen in Dubai in 2018 and 2020, in conjunction with Expo 2020 Dubai, […]
The US dollar and Treasury yields held on to their gains after the Federal Reserve said the first-quarter growth slowdown is probably “transitory,” potentially setting the stage for a rate rise this summer. The buck was recently up by 0.4 per cent against the Japanese yen, near the highs of the day. Meanwhile, the euro was off by 0.17 per cent against the greenback, close to session […]
By Nick Carey and Joseph White | DETROIT DETROIT Automotive supplier Delphi Automotive Plc (DLPH.N) on Wednesday said it plans to spin off operations tied to internal combustion engines and focus on technology for electrically powered and self-driving vehicles, boosting its share price and highlighting the challenges for legacy auto industry players. Vehicles driven by humans and powered with petroleum will dominate roads from Shanghai to San […]
LONDON A man who left a bag packed with explosives and ball bearings on a London underground train on its way to the Canary Wharf financial district last October was convicted on Wednesday of planning to cause an explosion. Damon Smith, a 20-year-old student, assembled the device using instructions taken from an Al Qaeda-published magazine, prosecutors said after he was found guilty by a jury. He set […]
By Matt Spetalnick | WASHINGTON WASHINGTON Donald Trump’s national security adviser described his boss’s foreign policy approach as “disruptive” on the eve of the U.S. president’s first White House meeting with the Palestinian leader, saying his unconventional ways could create an opportunity to ultimately help stabilize the Middle East. Trump faces deep skepticism at home and abroad over his chances for a breakthrough with Palestinian President Mahmoud […]
The Follow up Committee of the Initiatives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan has approved a number of projects totalling AED410 million ($111.6 million). The committee, chaired by Ahmed Juma Al Zaabi, Deputy Minister of Presidential Affairs, approved the first phase of a project which will see a road built between Wadi Al-Qor and another linking the Al-Hubab roundabout and Nizwa Road for […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks followed global indexes higher on Wednesday, as strong earnings and manufacturing data boosted risk appetite, while expectations that the Federal Reserve will signal a June rate increase later in the session lifted the dollar. Oil prices pulled higher after a sharp fall on Tuesday on technical selling in a market already worried about oversupply and following a rise in […]
If you stand close to one of Marwan Sahmarani’s paintings and examine a small section, you find yourself being pulled into a swirling mass of colour and texture, a seemingly abstract formation of thickly-applied oil paints. It is testament to the Lebanese artist’s mastery of the medium that, as his viewers take in each work as a whole, its stories reveal themselves easily. In his latest show, […]
New Democratic National Committee Chairman Tom Perez has big shoes to fill after his two predecessors were forced to resign in disgrace after being exposed for, among other things, intentionally rigging their party’s national primary process and sharing debate questions with chosen candidates days before debates were held. And, at least with his rhetoric, Perez seems up for the task. In speaking with a group of immigrants […]
