DUBAI // A new boarding school in the emirate will compete with some of the best and most exclusive in the world as it prepares to open its campus this year. The first of three planned boarding houses at the Swiss International Scientific School’s Al Jaddaf campus is being built and on track for completion before the academic year starts in September. Consisting of 50 en-suite rooms […]
UAE-based Azizi Developments has said it has submitted its concept designs to Meydan for its upcoming low to mid-rise residential and retail projects ahead of schedule. The developer, which announced the purchase of 186 plots within Meydan in Dubai in February, said in a statement that in less than a month, the concept designs and detailed plans for phase 1, have been completed. The proposal includes 76 […]
Authored by Bethany Bell Rome has been struggling to cope with a rubbish crisis and Austria has spare capacity at a waste-to-energy plant near Vienna. So a deal has been struck. The Italians are paying Austrian company EVN to dispose of up to 70,000 tonnes of Roman household refuse this year. The waste is transported by train through northern Italy, over the Alps and ends up at […]
The Trump administration’s interest in issuing the US government’s first “ultra-long” bonds, following in the footsteps of countries such as the UK, Mexico and Belgium, is facing scepticism from fund managers, analysts and former officials. The US Treasury in April asked its “primary dealers”, the club of banks that underwrite and arrange the government’s debt sales, to explore whether there would be demand for Treasuries that mature […]
The Trump administration has opened the door to huge potential savings for hedge fund and private equity managers by proposing to slash tax rates for small businesses in a way that could be exploited by Wall Street financiers. Hedge fund and private equity managers are a subgroup that could emerge with some of the biggest gains from the President Donald Trump’s tax plan, which was scorned by […]
Hedge funds have slashed their bets against the British pound to the lowest level since the Brexit vote in June last year, after the currency enjoyed its best month against the dollar in two years. The pared-back “short” bets, which would profit on a drop in the pound, followed Theresa May’s decision to call snap elections in June, a move that investors said would allow the ruling […]
President Trump wasted no time before skewering the media at a rally in Harrisburg, Pennsylvania on Saturday, calling the press “fake news” as journalists less than 200 miles away in Washington, D.C. were putting on ball gowns and bow ties for the annual White House Correspondents’ Association dinner. “Media outlets like CNN and MSNBC are fake news. Fake news.” Trump said, to a chorus of boos from […]
Authored by Paul Craig Roberts, Not everyone likes to hear about the threat of nuclear war. Some find refuge in denial and say that nuclear war is impossible because it makes no sense. Unfortunately, humankind has a long record of doing things that make no sense. In previous posts in recent years I have pointed out both written documents and changes in US war doctrine that indicate […]
April 30, 2017 by: Roger Blitz and Michael Mackenzie Here are the key questions facing investors as the first week of May begins. How much higher can the euro go?Emmanuel Macron had an uncomfortable encounter with workers in his hometown of Amiens as he tried to shore up his position as frontrunner in the presidential election run-off with the National Front’s Marine Le Pen. However, financial markets […]
DUBAI // A jobless Russian and his two Uzbek friends are accused of attacking an Emirati trader and stealing his Dh400,000 watch. Prosecutors told Dubai Criminal Court that the trader bought the Swiss-made watch – one of only 88 in the world – but later decided to post it on Dubizzle for sale. “Two days after I made the post, I received a WhatsApp message from a […]
Even before the first details of Nintendo’s Switch games console were unveiled to the world in early January, the industry knew it would be a cross between a home console and a handheld gaming machine and could sense an all-in bet coming. On Friday, behind the hoopla of the company’s latest game launch, analysts spotted the same tell: a giveaway sign of a company that desperately wants […]
Russia. Flags.Image: Yuri Kochetkov/Epa/REX/Shutterstock By Colin Daileda2017-04-30 02:42:34 UTC Trolling is mostly dumb, but sometimes it’s an art. President Donald Trump held a rally in Pennsylvania on Saturday and, as he was speaking, someone tossed a bunch of tiny Russian flags, confetti-style, in front of the cameras streaming his speech to news networks. As far as protests go, it certainly earns points for creativity. The Trump campaign […]
The pope said he did not know enough about French politics to respond, but, he said, “Europe is in danger of breaking apart, this is true.” He noted that the migrant crisis fueled fears that destabilized the Continent, “but we mustn’t forget that Europe is made by immigrants.” Continue reading the main story “Centuries and centuries of immigrants,” he said. “It’s us.” That inclusive message has proved […]
Viewers in the Arab world are still waiting for the first locally produced Netflix Original content. We were assured last week at a promotional event in Dubai for the streaming service that bosses are looking for the “right material” and Arabic production remains a key priority. Meanwhile, Netflix’s stable of international productions continues to grow with release of its first Spanish production, Cable Girls (Las Chicas del […]
Authored by Patrick O’Shaughnessy via InvestorsFieldGuide.com, My guest this week is Danny Moses, who was directly in the middle of the biggest trades in market history, chronicled by Michael Lewis in his book the Big Short. Danny was the head trader on the Frontpoint team led by Steve Eisman, which was one of a small group of firms that figured out, in real time, the dire situation […]
By Foo Yun Chee and Alastair Macdonald | BRUSSELS BRUSSELS Several EU leaders took advantage of a Brexit summit on Saturday to finalise deals settling various thorny issues as part of a strategy to present a united front ahead of tough negotiations with Britain on its withdrawal from the bloc. With discussions with Britain due to take place over the next two years, the European Union is […]
By Liana B. Baker and John Tilak Shaw Communications (SJRb.TO) is looking for a buyer for ViaWest, the U.S. data center company it bought three years ago, according to people familiar with the matter, as the Canadian cable company continues to shed assets it considers non-core. The sale of ViaWest would be Shaw’s latest step to streamline its operations. Last year it sold its media assets to […]
A lot of the fruit and vegetable produce at Chefchaouen’s local market is organic. Photo by Samar Al Sayed The fortress was built in 1471 to fight Portuguese invasions of northern Morocco. Photo by Samar Al Sayed Legend has it that the walls were painted blue to keep mosquitoes away. Photo by Samar Al Sayed Another theory is that blue served as a reminder to lead a […]
The news these days continues to be filled with reports that traditional stores are at last being sustainably displaced by fast growing online competitors. Startups in online shopping, media, travel, financial services, sharing economy, and finally even healthcare, have either invented popular new high-growth digital categories or are in the midst of successfully re-imagining the old ones in digital native terms. In the 2000s, the digital disruption […]
Authored by Jeffrey Snider via Alhambra Investment Partners, Back on March 10, the New York Fed’s attempt at real-time GDP forecasting predicted that the Q1 2017 estimate would be 3.2%. That would have qualified as another decent quarter, the second out of the past three and somewhat in keeping with “reflation.” As we know today, the advance figure calculated by the Commerce Department amounted to just 0.69% […]
Airline stocks were grounded on Thursday after American Airlines unexpectedly offered to raise wages for its crew members, exacerbating investor concerns over industry costs. American Airlines fell the most in 10 months, dropping 8.6 per cent to a two-week low of $42.41, after the company proposed giving its pilots and flight attendants an average pay bump of 8 per cent and 5 per cent, respectively. The pay […]
Uber has new updates in store for its Android app, adding simplified privacy controls designed to make things easier for users. The new privacy controls aim to help users manage their data more easily, as well as streamline the whole process so they’re more in control over what information they want to share with Uber. Uber Android App Update “Making the Uber app simple and easy to […]
This story was originally published on Medium and is being republished here with the permission of its author. Two years ago in Hong Kong, I sat around a conference table with some of the finest journalists to have worked in the Chinese media in the past two decades. Left and right of me were reporters who had broken major stories of corruption, malfeasance and cruelty, and who […]
It has a granite fountain and a bosque of shade trees. And to some rightwing Americans, the new headquarters of the Consumer Financial Protection Bureau is a monument to all that went wrong under eight years of Barack Obama’s presidency. The budget for the refurbishment of the Washington DC building, at about $363 a square foot, makes it more expensive than the Venetian hotel in Macau or […]
