Wednesday 03:00 BST Overview Momentum from a buoyant Wall Street carried over into Asia trading as equities rallied while bonds and oil prices continued to slide. Hot topic Stock markets across the region took their cues from Wall Street, where on Tuesday the S&P 500 neared a record closing high and the tech-focused Nasdaq closed above 6,000 for the first time. In Sydney, the S&P/ASX 200 was […]
Uber is planning to demonstrate a network of flying cars in Dallas-Fort Worth and Dubai by 2020, as announced by the ride-hailing company at the Uber Elevate summit. Similar to how Uber dispatches drivers and their cars, the company will not be manufacturing the flying cars, which will be vertical take-off and landing, or VTOL, vehicles. Rather, it will lead the formation of the network that will […]
It was one of the most memorable book reviews of last year. As our critic pondered the English translation of Mohammad Rabie’s award-winning tale of a futuristic Egyptian dystopia, she concluded by saying that “reading Otared is, by and large, like having a hand grasping the back of your head, forcing you to look through photos from hell”. Seven months later, Rabie is not only familiar with […]
86 percent of the total attacks experienced by Australia during a 12-month period originated from within the country’s borders, a report from NTT Security has found. The United States was the source of 9 percent of the total attacks, while Germany accounted for 1 percent. According to the NTT Security Global Threat Intelligence Report 2017, remote administration was the top service used in attacks against Australia, with […]
Pollution levels are increasing each day with new air and water pollutants being emitted into the environment via automobiles and large scale factories. However, it was thought that at least underground water or groundwater was unaffected. A new study reveals that this may not be the case. Scientists have found a baffling trace of present-day rain water in one particular groundwater reserve. Groundwater Pollution Groundwater contains rainwater and […]
Your daily guide to community and cultural activities across the Emirates for April 26, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini 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 Dubai Performance Get tickets now […]
A federal court has blocked President Donald Trump’s executive order on sanctuary cities on the grounds that it is unconstitutional, in another legal setback for the administration. The nationwide injunction granted on Tuesday by a federal judge in San Francisco will prevent the executive order, signed just days after Mr Trump’s inauguration, from being enforced while its legal merits are debated. “This is a very aggressive use […]
Several months ago, when it was still conventional wisdom that Trump wanted to replace Janet Yellen – at least until Trump’s famous WSJ interview in which he flipped on this and various other issues – with a hawk once her turn runs out in 2018, the financial punditry was busy coming up with potential replacement names, a practice which gradually faded away once it emerged that Trump […]
Warnings were that the first quarter of 2017 would be about as bad financially as the final two of 2016 for newspaper organizations. That proved to be the case today as Gannett kicked off the reporting season for publicly traded companies. Acquisitions led to some revenue growth. But comparing same properties: Print advertising revenues were down 17.7 percent compared to the first quarter of 2016. Circulation revenues […]
Around 300 million tons of plastic is manufactured each year globally. Plastic is not naturally biodegradable and pollutes the environment. Environmental researchers have been persevering to find a way to dispose of the huge amounts of plastic and plastic products in an effective manner, without harming the Earth. A new study has found that a caterpillar commonly bred for fish bait can chew through polyethylene (plastic) products […]
Uber is making its vertical take-off and landing (VTOL) plans more concrete, via new partnerships announced today during its Elevate conference focused on the VTOL industry. The partnerships are with established aeronautics and emerging VTOL players, including Aurora Flight Sciences, Embraer, Bell Helicopter, Pistrel Aircraft, Mooney and ChargePoint, and will focus on two markets initially, including Dallas in the U.S. and Dubai abroad. The partners will provide […]
ANKARA President Tayyip Erdogan told Reuters on Tuesday that Turkey would reconsider its position on joining the European Union if it was kept waiting much longer and if the current hostile mentality of some member states persists. Erdogan said a decision on Tuesday by the Parliamentary Assembly of the Council of Europe, a leading human rights body, to put Turkey on a watch list was “entirely political” […]
Authored by Zainab Calcuttawala via OilPrice.com, Alberta Premier Rachel Notley warned U.S. President Donald Trump that he would face the wrath of the northern nation’s many allies if the freshman president begins employing energy trade restrictions with Canada. Notley is currently in China, negotiating her country’s trade policies with the Asian giant. She told reporters that she did not know what was meant by Trump’s comments about […]
Just when US trade partners thought it was safe to come out from their hiding places, along comes President Donald Trump to slap a punitive duty on Canada, America’s long-time ally and neighbour — imposing tariffs of up to 24 per cent on imports on its softwood lumber. The new president seemed to have gone quiet on his protectionist instincts, pulling back from a trade confrontation with […]
By Dan Freed and Ross Kerber | PONTE VEDRA BEACH, Fla. PONTE VEDRA BEACH, Fla. Wells Fargo & Co’s (WFC.N) annual meeting turned raucous when it was repeatedly interrupted by angry shareholders on Tuesday as the bank’s chairman and chief executive tried to calm nerves ahead of a vote that could oust the majority of its board. At least one shareholder was removed and the meeting went […]
The Nasdaq Composite breached the 6,000 level for the first time on Tuesday and extended its double -digit gain for the year as investors focus on owning companies with strong growth prospects. The tech-heavy benchmark climbed as much as 0.7 per cent to 6,022 early in the day after closing at a record high in the previous session. Renewed appetite for technology stocks and a rally in […]
Tuesday 12:30 BST What you need to know ● Stock markets extend rally on French election relief● Euro adds to gains as Paris’ bond yields steady ● Havens attract sellers, pushing down gold, the yen and Bund prices● Traders eye Nasdaq 6,000 as company earnings slip into fast gear● Brent crude prices higher as base metals firm——————- Hot topic The relief over the French election, which boosted […]
The Navy has since 2014 been testing a 30-kilowatt laser on one of its warships, the USS Ponce A sci-fi staple for decades, laser weapons are finally becoming reality in the US military, albeit with capabilities a little less dramatic than at the movies. Lightsabers—the favored weapon of the Jedi in “Star Wars” films—will remain in the fictional realm for now, but after decades of development, laser […]
As any good storyteller will tell you, the devil is in the details. Rose Balston, an art historian and lecturer who began a series of lectures this week covering the cultural connections between the Middle East and Europe in art across centuries, trains her audience eyes to hone in on aspects of artworks they might otherwise not notice. During the first part of her lecture she showed […]
After yesterday’s violent gap up in stocks across the globe in response to the “expected” outcome from the French election, today the risk on sentiment has continued if to a lesser extent, with stocks in Europe, Asia all rising while S&P futures point to a higher open. Yen, gold decline, while the euro traded as high as 1.09 this morning before fading some gains; oil is up […]
Uber is scoffing at claims that its expansion into self-driving cars hinges on trade secrets stolen from a Google spinoff, arguing that its ride-hailing service has been working on potentially superior technology. The legal defense, presented in documents filed Friday in San Francisco federal court, marks Uber’s first detailed response to explosive allegations that its self-driving cars rely on crucial technology designed by Waymo. That company was […]
It was kind of an accident. When Lisa Tobin arrived at The New York Times nearly seven months ago, she had a broad mission: Figure out what the newspaper was supposed to sound like. “I expected that we would come in and spend several months figuring that out and then starting to finalize strategy and figure out what our first-round programming would be,” said Tobin. That’s pretty […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian equities advanced on Tuesday as the return of risk appetite following a centrist victory in the first round of the French presidential election lifted several regional markets to multi-year highs, while the euro retained most of its overnight gains. Safe-haven assets, including the yen and gold remained under pressure, while the Canadian dollar fell after the U.S. announced new duties […]
DUBAI // A top celebrity cardiologist has urged people to ditch “white death” diets of bread, pasta, sugar and salt if the UAE is to tackle its rampant levels of diabetes. Bestselling Australian author Ross Walker, credited with changing attitudes to eating with his no-nonsense advice, on Monday told of the key health messages that could improve the lives of millions in the UAE. Health can be […]
