President Uhuru Kenyatta of Kenya has called on China to rebalance an increasingly skewed trade relationship between Africa and the rising superpower, arguing that Beijing must do more to tackle a widening trade deficit. Africa’s trade balance with China has moved decisively into deficit due to a fall in the price of many African commodities, such as oil, copper, iron ore and cocoa. In 2015, the most […]
By Michel Rose and Jean-Baptiste Vey | PARIS PARIS Emmanuel Macron took power as president of France on Sunday, vowing to restore the country’s status in Europe and the world and heal divisions in society — a nod to the bitter campaign the pro-EU centrist fought to defeat a far-right leader. The 39-year-old former investment banker, unknown to the wider public three years ago and whose May […]
Having single-handedly hounded Home Capital Group – the company which we predicted in 2015 would be “ground zero” for any potential Canadian financial crisis, and has emerged as the Canada’s equivalent to the infamous New Century which in 2007 presaged the upcoming global financial crisis – into near oblivion, noted chicken-farmer and short-seller, Marc Cohodes, over the weekend revealed the full details behind his latest short thesis: […]
In this May 12, 2017 photo, a display panel with an error can be seen at the main railway station in Chemnitz, Germany. Germany’s national railway says that it was among the organizations affected by the global cyberattack but there was no impact on train services. Deutsche Bahn said early Saturday that departure and arrival display screens at its stations were hit Friday night by the attack. […]
The Federal Reserve is actively considering a profound change in US monetary policy, in effect the reversal of quantitative easing (QE). In its March meeting, the FOMC discussed its strategy for the future run down of its balance sheet, and said that further debate would take place in upcoming meetings. The FOMC has already concluded that “a change in the Committee’s reinvestment policy would likely be appropriate […]
Do you use Google Chrome? Do you want to become a Google Chrome guru? Read on! What follows are a collection of tips, tricks, and tools to help you get the most from Google Chrome. There are tips on speeding up the browser and making it consume less RAM, ways to increase your privacy, and extensions that you can install to help you get more done in […]
ABU DHABI// With Ramadan approaching, Muslims with chronic medical conditions are urged to visit doctors to ensure their medication is up to date and to not risk their health by fasting. Diabetics in particular are being advised to be cautious during daylight, as going without food for long periods can cause blood sugar levels to fluctuate. Dangerously low blood sugar, or hypoglycaemia, can occur in anyone but […]
Private dining in the UAE is no longer the exclusive domain of the rich and famous. Heeding requests from customers with a desire for closed-door rooms and secluded enclaves for entertaining, restaurants in the country are increasingly providing spaces where patrons can host private get-togethers. While some packages can cost thousands of dirhams, if your tastes are gourmet or your group exceeds 30, there are deals to […]
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 […]
By Ayesha Rascoe and Michael Martina | WASHINGTON/BEIJING WASHINGTON/BEIJING The United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as part of Washington’s drive to cut its trade deficit with Beijing. The deals are the first results of 100 days of trade talks that began last month, when […]
Portugal won the Eurovision Song Contest for the first time on Saturday with a gentle, romantic ballad that challenged the event’s decades-long reputation for cheesy, glittery excess. Salvador Sobral – who has a serious heart condition and is awaiting a transplant – sang Amar Pelos Dois (Love For Both), written by his sister Luisa, in a high, clear tenor accompanied by quiet strings and a piano. Unlike […]
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 […]
Newly re-elected President of the Chamber of Advocates George Hyzler said that lawyers are concerned about the effect that the Panama Papers and other recent allegations, and the negative international coverage resulting from them, will have on the financial services sector in particular. Asked about the effects of such revelations on the financial services sector, and whether lawyers are concerned about this, Dr Hyzler – who […]
The confusing times at ESPN have produced this strange contradiction: The network says it is increasing its commitment to journalism less than a couple of weeks after it dismissed a virtual All-Star team of the best journalists in sports. Yet Bob Ley and Jeremy Schaap insist their new Sunday morning “E:60” show represents ESPN’s premium on reporting and storytelling on important sports issues from around the world. […]
BEIJING Nepal is in talks with China to build a cross-border rail link that may cost up to $8 billion, and funding could be expected after Nepal formally signed up to Beijing’s Belt and Road initiative, a Nepali finance ministry official said on Sunday. Yug Raj Pandey, an under secretary at Nepal’s Ministry of Finance, told Reuters the proposed 550 kilometre-long railway would connect China’s western Tibet […]
(This version of the story corrects paragraph 10 to show quote was by Interim CFO Bob Blowes, not Robert Morton as previously stated) By Matt Scuffham TORONTO Home Capital Group Inc (HCG.TO) confirmed on Friday it is considering asset disposals to enable it to refinance more quickly and pay off an emergency loan provided by the Healthcare of Ontario Pension Plan. Shares in Canada’s biggest non-bank lender […]
Image: Sarah Tew/CNET While Apple likes to focus on making new iPhones lighter, thinner, and faster, I’d rather the iPhone 8 get these five features. Must read: How to securely erase any hard drive, SSD, flash drive, iPhone, iPad or Android device #1: Fast charging Having to leave an iPhone plugged in for hours is unacceptable. There are plenty of high-end — and not so high-end — […]
Security breaches this week in Singapore and around the globe reveal the country will have to safeguard a much wider attack surface and need a cybersecurity strategy that goes beyond simply limiting internet access. It was revealed on Friday that two Singapore universities suffered APT (advanced persistent threat) attacks last month, with the hackers specifically targeting government and research data. The National University of Singapore (NUS) had […]
Obesity rates have doubled since 1980. More than 600 million people are classified as obese, and 41 million of them are children under the age of 5, according to the World Health Organization. In the UAE, almost 40 per cent of children are obese, prompting some experts to warn of an epidemic. This rise in childhood obesity – and the related diseases it causes that can affect […]
Paul IS THAT YOU!?Image: paul mccartney/instagram By Nicole Gallucci2017-05-13 22:26:20 UTC Yo ho yo ho, it’s apparently going to be a pirate’s life for McCartney! Paul McCartney — yes, Sir Paul McCartney from The Beatles, that’s the guy — on Sunday posted a photo of his Pirates of the Caribbean: Dead Men Tell No Tales character, which was announced last March. McCartney will be starring in the […]
When we looked at subprime auto delinquencies most recently, we found some troubling trends: first, in February, we showed that 61+ day delinquencies in General Motors’ subprime securitization book would support a rather bleak thesis for future auto sales, and specifically the demand side of the equation, with January 2017 delinquency rates soaring to the highest levels since late 2009/early 2010. Ironically, this hasn’t stopped lenders from […]
Microsoft’s just-unveiled Surface Laptop is its own approach to take down Chromebooks, but that much remains to be seen. Like Chromebooks, the Surface Laptop features a lightweight operating system. Windows calls it Windows 10 S, similar in aesthetics to the standard Windows 10, but significantly less able. For one, it can’t run desktop apps: only those downloaded from the Windows Store will work, in addition to apps ported […]
FUJAIRAH // Archaeologists in Fujairah have been studying thousands of petroglyphs and rock paintings that prove the existence of human communities as far back as 6,000BC. Salah Hassan, head archaeologist of the Fujairah Tourism and Antiquities Authority, said there were petroglyphs at 31 sites near rivers, deep in the mountains, in valleys and the along the coast. Most of them had human and animal figures and were […]
Ransomware: Everything you ever wanted to know The ransomware attacks that forced hospitals across the UK to turn away patients are apparently part of a larger wave of ransomware infections worldwide. Prime Minister Theresa May said: “This is not targeted at the NHS, it’s an international attack and a number of countries and organisations have been affected,” according to the BBC. As well as the UK, where […]
