Emmanuel Macron’s election as president of France received few more rapturous welcomes than that given by Sylvie Goulard, a liberal French politician in the European Parliament and ally of the 39-year-old new head of state. “Finally! Finally, Europe and France reconciled!” Ms Goulard enthused. “What a symbol — a young president, focused on the future, entering the Louvre of the kings of France to the sound of […]
Samsung Galaxy S8 review: The good, the bad, the beautiful Samsung sent me a Galaxy S8 to review a month ago, and my personal T-Mobile orchid gray model arrived just a day after my review went live. I’ve been using that device as my daily driver ever since. The Samsung Galaxy S8 is an evolution of the S7 Edge and Note 7, but since the Note 7 […]
PARIS French President-elect Emmanuel Macron appointed Alexis Kohler on Sunday as secretary general of the Elysee palace, the top administrative role among the presidential staff. Kohler, a 44-year old graduate of France’s elite ENA administrative school, was Macron’s chief of staff when the incoming president was economy minister and has worked for the Treasury. Philippe Etienne, a 61-year old former ambassador to Berlin and also an ENA […]
PARIS France’s next prime minister will be appointed on Monday and the country’s new government on Tuesday, a source close to President-elect Emmanuel Macron told Reuters on Sunday. Independent centrist Macron won a run-off vote against far-right candidate Marine Le Pen a week ago with 66 percent of the vote. His inauguration will take take place later on Sunday. (Reporting by Michel Rose; Writing by Mathieu Rosemain; […]
Emmanuel Macron will formally become French president on Sunday and will immediately be put to the test by challenges from choosing a prime minister to pressing Germany to back a tougher EU stance on trade and investment. Mr Macron, a 39-year-old Europhile pro-business centrist, is taking over a country on edge after an unpopular Socialist presidency and a rollercoaster campaign marked by the qualification of the far-right […]
Europe’s investment community has barely had time to breathe a sigh of relief following Emmanuel Macron’s victory in the French presidential elections before starting to fret about other latent threats to the eurozone. Some investors have hailed the election — in which Mr Macron, a pro-EU liberal defeated Marine Le Pen, the Eurosceptic rightwing candidate — as a sign that Europe’s economic recovery remains on track. This […]
By Rory Carroll | LOS ANGELES LOS ANGELES Whether U.S. President Donald Trump will travel to Peru in September to promote Los Angeles’ 2024 Olympics bid is an open question but many believe the controversial leader would do more harm than good as the city vies with Paris for the Games. Trump’s executive order to temporarily ban travel from six Muslim-majority countries, which is currently being reviewed […]
By Costas Pitas and Carlos Ruano | LONDON/MADRID LONDON/MADRID A global cyberattack leveraging hacking tools widely believed by researchers to have been developed by the U.S. National Security Agency hit international shipper FedEx, disrupted Britain’s health system and infected computers in dozens of other countries on Friday. Russian cyber security software maker Kaspersky Lab said its researchers had observed more than 45,000 attacks in 74 countries as […]
By Yashaswini Swamynathan The S&P 500 and the Dow edged lower on Friday as financial stocks fell, but losses on the Nasdaq were kept in check by a rise in technology shares. With the first-quarter earnings season coming to an end, investors are looking to the Federal Reserve, Trump administration and economic data for fresh trading catalysts. A risk-off sentiment has dominated trading this week after President […]
PARIS Emmanuel Macron’s visit to Berlin Monday, a day after his inauguration as French president, aims at stressing the importance of the relationship with Germany to relaunch the European project, an aide to Macron said, confirming the visit. “We want to work together on a few priorities: security, economy, investment and social protection,” the aide told Reuters on Friday. Like outgoing Socialist President Francois Hollande in 2012, […]
European equities funds have enjoyed a $6.1bn rush of new inflows around the election of Emmanuel Macron. “Allez les flows“, says Bank of America Merrill Lynch, suggesting there’s still much further to go. “Our European Equity Strategist Ronan Carr argues Europe inflows are barely halfway to levels consistent with prior market peaks,” it says. (Read our full story on flows for more detail.) The new-found enthusiasm comes […]
Investors poured $6bn of new capital into European stock funds in the past week, underlining the voracious appetite for assets across the continent as growth accelerates, earnings recover and several of the bloc’s largest countries move past critical elections. The amount of flow in the five days to May 10 is the first time the weekly amount has passed $6bn since at least 2000 when EPFR began […]
Kuala Lumpur, 11 May 2017 The fifth edition of Islamic Financial Services Board’s (IFSB) annual Islamic Financial Services Industry Stability Report 2017 examines the implications of the recent economic developments and changes in the global regulatory and supervisory frameworks on the global Islamic financial services industry (IFSI). Amidst a challenging external environment brought on by the changing policy directions and uncertainties in the global economic landscape, institutions […]
By Leigh Thomas and Matthias Blamont | PARIS PARIS While street demonstrations are mainly a younger person’s domain in France, when it comes to protest voting by spoiling ballots, the over 65s appear to be the most active age group. Turned off by the choices on offer in the country’s most unusual presidential election run-off in decades, the segment of voters most likely to have protested by […]
By Dustin Volz | WASHINGTON WASHINGTON A U.S. far-right online activist credited with initially sharing on Twitter hacked emails from the French presidential campaign of centrist Emmanuel Macron is the latest conservative media figure to receive White House access from the Trump administration. Jack Posobiec, a Washington-based writer at the Rebel Media, a Canadian online political and social news commentary platform, attended the daily press briefing on […]
PARIS Several French news companies, including Le Monde and Le Figaro, said their websites went temporarily offline on Wednesday because a company that helps speed delivery of their content was hit by a cyber attack. The company, Cedexis, said it had come under a “unique and sophisticated” distributed denial of service attack, which is when hijacked and virus-infected computers target networks with data requests until they can […]
Manama, 10 May 2017 GFH Financial Group (GFH) announced today that Islamic International Rating Agency (IIRA) has upgraded its national scale ratings by a notch to ‘BBB-(bh)/A3(bh)’ (TripleB Minus/ A Three) with a ‘Stable’ outlook and maintained its international scale ratings at ‘BB/B’ (Double B / Single B), 1`. According to the agency’s report, the rating action recognizes recent positive developments that have reinforced the Group’s balance […]
Flock’s Bhavin Turakhia: “Good software should follow the principle of, ‘don’t make the user think’.” Image: Flock Helping teams communicate and share information better has been a challenge that many different enterprise messaging apps have tried to solve, from Slack and Microsoft’s Yammer, to Cisco’s Spark and Facebook’s Workplace. Another new entrant to this space is Flock, which boasts customers Whirlpool, Tim Hortons, and Victorinox. ZDNet recently […]
Gains in technology stocks on Tuesday allowed the Nasdaq Composite to add 0.3 per cent to another all-time closing high, while the S&P 500 inched off its most recent record set on Monday. In a listless day of trading, the Nasdaq Composite added 17.9 points to 6,120.59 by market’s close, while the S&P 500 fell 2.5 points to 2,396.91 after breaching the 2,400 intraday level for the […]
US stocks hit fresh intraday highs on Wednesday, with Apple’s market value breaking through $800bn for the first time, as an earnings trade replaces the so-called Trump trade. The best US earnings season in five years has powered Wall Street to new heights even as the pro-business tax, regulation and infrastructure policies of Donald Trump are taking longer to translate into action than investors had hoped. The […]
Manuel Valls, the former Socialist prime minister of France, has declared that the “Socialist Party is dead” and announced that he will run in next month’s legislative elections under the banner of president-elect Emmanuel Macron’s new centrist party. “I will be a candidate in the presidential majority and I wish to join up to his movement,” Mr Valls told RTL, a French radio station, on Tuesday. Mr […]
Sign up to receive FirstFT by email here Days after Donald Trump was elected, President Barack Obama warned his successor against hiring former general Michael Flynn as his security adviser. Mr Trump ignored the advice and Mr Flynn resigned after 17 days on the job amid the growing investigation of the Trump team’s ties to Russia. This is just one of the revelations to emerge following a Senate […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stock markets edged down on Tuesday following a flat close on Wall Street, as investors searched for the next catalyst following France’s presidential election, while oil inched higher on expectations OPEC supply cuts will be extended. Financial spreadbetters expect Britain’s FTSE 100 .FTSE, Germany’s DAX .GDAXI and France’s CAC 40 .FCHI to all open flat. The South Korean stock market, […]
Tuesday 02:50 BST Overview Stocks around Asia were mostly lower following a flat lead from Wall Street and as momentum after the French presidential election faded. Hot topic Emmanuel Macron, the independent centrist, was elected France’s president in the country’s election at the weekend, beating far-right candidate Marine Le Pen. Although Mr Macron’s victory was a cause for relief in markets and is seen as a broad […]
