Samsung Galaxy S8. Photo by Michael Krigsman. Is it a “work of art” as Samsung described it? Of course not. The Galaxy S8 is no Michelangelo. Samsung is also saying it’s the best design in consumer electronics, and although we shouldn’t take the Korean tech giant’s hyperbole too literally, I for one agree. The unveiling and design of the Galaxy S8, in a lot of ways, is […]
Didi Chuxing may have defeated Uber, but China’s dominant ride-hailing platform is no match for the country’s local governments after being forced to gut its urban fleet to comply with regulations. Didi’s core business of cheap ride-hailing now faces a tough fight in the big urban markets, which it built after a bruising battle with local and foreign rivals. Uber ceded the Chinese market — its largest — […]
01 April 2017 Dubai’s trade performance has shown steady and sustainable growth over the last five years, with non-oil trade volumes in metric tonnes registering a compound growth rate of 6.1% according to figures from Dubai Customs. Despite a challenging macroeconomic environment which impacted global trade, Dubai’s trade volumes grew a healthy 8.2% in 2016, compared to the previous year, reflecting the resilience of the Emirate’s economy, and […]
By Rodrigo Campos | NEW YORK NEW YORK Forget the jobs report. The most interesting bit of U.S. economic data next week is Monday’s auto sales release, which will offer a measure of the middle-class consumer and a sector of the stock market that has had a rough ride so far in 2017. Economists are looking for another solid month of sales north of 17 million new […]
Once upon a time Washington was simple: on one hand you had Republican interests, on the other: Democrats, and inbetween them perhaps, the occasional independent or “green.” Now… it’s less simple. At last check, DC currently boasts at least nine different parties, groups, factions or ideologies. Which is why keeping track of who wants what, and how the various groups allign, in US politics has become quite […]
Paraguay was plunged into a constitutional crisis after congress was stormed and set on fire by protesters, enraged by attempts by President Horacio Cartes to amend the constitution to allow his re-election. Furious protesters, one of whom was killed by police, accused Mr Cartes of engineering a coup, echoing similar cries elsewhere in the region after Venezuela’s government-controlled Supreme Court dissolved congress on Thursday. What is going […]
Saudi Arabia’s gross domestic product, adjusted for inflation, grew 1.2 percent from a year earlier in the fourth quarter of 2016, official data has showed. The rate of growth increased compared with 0.9 percent in the third quarter, which was the slowest rate in over three years, according to preliminary data from the country’s Central Department of Statistics showed. They also showed that the Q4 GDP growth […]
Event will gather together CEOs, CMOs, Presidents and VPs from across the region and beyond Riyadh KSA, April 1 2017: For the first time, Saudi Arabia will host the ‘Top CEO Conference and Awards’ – an event which will see CEOs, CMOs, Presidents and VPs from across the Arabian Gulf region and beyond gather together on 10th and 11th April 2017 at Bay La Sun Hotel & […]
A handful of companies on Friday filed to go public, bolstering expectations of a strong second quarter for the US listings market after the float of Snap, the owner of the messaging app. The market for initial public offerings is heating up after a slow period. With 111 deals, last year was the weakest one for US IPOs since the aftermath of the financial crisis in 2009, […]
Authored by Daniel Lang via SHTFplan.com, If you’ve been paying attention to the ongoing degradation of the American economy since the last financial crisis, you’re probably flabbergasted by the fact that our economy has managed to make it this far without imploding. I know I am. I find myself shocked with every year that passes without incident. The warning signs are there for anyone willing to see, […]
By Simon Lewis and Wa Lone | YANGON YANGON Myanmar goes to the polls on Saturday for the first time since Aung San Suu Kyi’s party swept to power a year ago, in an early indication of views on her leadership amid increased fighting with armed ethnic groups and slower economic growth. The by-elections will fill 19 vacant seats in the national and regional parliaments at a […]
Panama has a new tourist attraction: the building hosting the offices of the Mossack Fonseca law firm at the heart of the Panama Papers scandal. That is why, workers there say, the sign announcing the firm has been taken down from where it used to be outside the dark-tinted edifice in Panama City’s modern banking district. Too many tourists were stopping to take selfies in front of […]
Marka, the UAE’s first retail-focused listed company, has reported a net loss of AED150 million ($40.8 million) for the full financial year of 2016. The company, which has exclusive rights to manufacture and sell Real Madrid products in the Gulf region, reported total revenue of AED294 million, an increase of nearly 37 percentover the full year results for 2015. Marka added that the net loss was mainly […]
The beauty industry is notorious for packing its products with unpleasant chemicals, so why not create your own, organic alternatives? Mascara is one of our absolute beauty essentials and can easily be made at home. Start by placing two teaspoons of coconut oil, four teaspoons of aloe vera gel and a teaspoon of grated beeswax into a small saucepan over low heat. Stir until all ingredients are […]
Investors are flocking back to European equities and propelling a rally across continental stock markets as money managers downplay fears around the upcoming French elections and fallout from Brexit. The shift — which follows a torrid 2016 when investors pulled roughly $100bn from the asset class — has been driven by hopes of a synchronised global economic expansion accelerating. European stock fund managers received $1.5bn in the […]
A Qatar-based investment firm has announced it has invested in Voopter, the largest flight metasearch engine in Brazil. After reaching the mark of two million users per month, No Borders Investments (NBI) said it has made a “substantive investment” with co-investor Travel Capitalist Ventures, without giving specifics. The Doha-headquartered private investment firm said it typically makes investments of between $1-100 million in market leaders around the world. […]
Wall Street fell on Friday, pulled down by Exxon and JPMorgan Chase as investors wrapped up a strong quarter and weighed whether corporate earnings reports will justify the market’s lofty valuations. Major indexes have hit multiple record highs since the election of President Donald Trump on bets that he would improve economic growth by cutting taxes and boosting infrastructure spending. The rally has also benefited from robust […]
US farmers have signalled plans to sow soyabeans across an area the size of Germany this year, an expanse that reflects the relentless rise of meat demand in China and other emerging economies. The record 89.5m acres (36.2m hectares) of soyabean fields would follow all-time high plantings in South America, the other leading grower of the oilseed. The harvest under way in Brazil is set to surpass […]
RBC’s head of cross asset strategy Charlie McElligott dons his full wonksh equity analyst hat today, exposing “The April Effect,” and the specific risk of “nasty double whammy” of levered long-short unwinds should momentum stall. Quick note of warning as we transition into the new quarter, with potential for major thematic / sector / factor reversals in stocks. The following observation regarding April seeing a seasonal ‘momentum’ […]
Dubai, UAE, Singapore, March 31, 2017 Takeda Pharmaceuticals Company Limited (“Takeda”),announced today that Ricardo Marek has been appointed as the President of the Emerging Markets Business Unit (EMBU), based in Singapore, effective April 1, 2017. In his new role he will lead allbusiness operations across five geographic Areas that compriseEM BU – Asia Pacific (excluding Japan), China, Latin America, Middle East & Africa and Russia-CIS. Marekwill also […]
In a low-income area of Ecuador’s capital, followers of Lenín Boltaire Moreno sang along at his final rally to a quintessential Latin American revolutionary song, composed in 1973 by Chile’s Quilapayún: “The people united will never be defeated”. “I am here to celebrate in advance the triumph of Lenín Moreno, because he is the continuation of a project that started 10 years ago,” said Mónica Ortíz, a […]
The UAE’s healthcare market is set to surge to more than AED103 billion ($28 billion) by 2021 – reperesenting 60 percent growth over the next five years, according to a report. Expected improvements in the quality of healthcare provision, together with rising demand for preventative care and digital medical services will help to fuel massive growth of the industry, the study by MENA Research Partners (MRP) said. […]
Rackspace CEO Taylor Rhodes: “Amazon is a tornado.” Rackspace CEO Taylor Rhodes is disarmingly honest about the ride the company has been on in recent years. This is what happens, he says, “when the world’s largest bookseller comes into your industry.” It wasn’t Amazon’s bookselling ability that caused Rackspace headaches, of course, but its cloud computing division Amazon Web Services (AWS). Rackspace started out as web hosting […]
President Jacob Zuma has sacked Pravin Gordhan, his finance minister, and eight other cabinet members, threatening turmoil for South Africa’s fragile economy and setting the stage for the biggest crisis yet for the ruling African National Congress under his leadership. Mr Zuma’s decision to fire Mr Gordhan as part of a late-night cabinet reshuffle sent the rand down 2 per cent on Friday, taking the currency’s decline […]
