Markets now and again behave in ways least expected, none more so than the resilience of emerging market currencies against the US dollar. Two of the main factors underpinning EM foreign exchange flows — globalisation and oil — are going the wrong way. Globalisation looks more vulnerable than ever following the G20 finance ministers’ meeting that pointedly failed to include the need to fight protectionism in its […]
The majority of news coverage in the United States is still written or produced by men, according to a report released today by the Women’s Media Center. At 20 of the nation’s top media outlets, men produce about 62.3 percent of news coverage, according to the report, which examined 24,117 pieces of content from newspapers, wire services, television and internet media. The report, the fifth annual edition […]
Just when it seemed the follow through from yesterday’s selloff would continue, algos may have found the only catalyst they need to press the bid: in his overnight note, Dennis Gartman writes “we actually ventured to the short side of the market, buying bearish derivatives and by 1:00 in the afternoon, doubling those positions and carrying them “home” through the close of trading.” Here is the key […]
Dubai, 21 March 2017 Dentons, in collaboration with HKA, assembled practitioners from across a number of industries in Dubai this week to discuss how to structure a successful PPP project and how to avoid disputes avoidance and resolution on PPP projects. Dentons’ Middle East Senior Partner Neil Cuthbert discussed the essential prerequisites of a successful PPP project and the need to identify, allocate and mitigate key project […]
Akzo Nobel has rejected a second takeover bid in less than three weeks from US rival PPG, claiming that the revised offer of €22.4bn failed to recognise the value of the Dutch paints and chemicals group. The latest takeover attempt by the US company represented a €1.5bn improvement on the previous offer, but was not enough for Akzo Nobel’s board, who rejected it unanimously. The maker of […]
Stock markets suffered their worst falls since the election of Donald Trump as Wall Street worries about the prospects for the US president’s pro-business agenda triggered a rush for financial havens. US markets led the declines, with the benchmark S&P 500 index tumbling 1.2 per cent and breaking a run of 109 trading days without a drop of 1 per cent or more. The Dow Jones Industrial […]
In the 1990s, fitness options in Abu Dhabi were limited to a smattering of dingy bodybuilding gyms and pricey hotel health clubs. “Gyms used to mean a treadmill, a bike machine, some weights and that was it,” recalls Maria Oritz, a self-confessed fitness freak who arrived in the city in 1998. “Classes were practically unheard of.” The following year, when Abu Dhabi Country Club opened the city’s […]
Alibaba has kicked off its grand plan for global trade without frontiers, signing a bilateral deal designed to ease the passage of goods shipped by smaller businesses between China and Malaysia. The pact, established as a public-private partnership in Malaysia’s digital free trade zone, is focused on infrastructure, including a fulfilment centre and co-operating on electronic payments and financing. Daniel Zhang, chief executive of the Chinese ecommerce […]
While the government still seems to be consolidating control over major population centers along Syria’s western spine, it appears at a minimum likely to face a lingering rural insurgency and bombing campaigns in the cities by hard-line jihadist groups. Continue reading the main story At the least, the rebel assaults carried a political message: that the insurgents could still disrupt life in the capital and challenge the […]
A technical problem at NYSE Arca, the Big Board’s listing venue for exchange traded funds, stymied the end of the trading day on Monday, hindering the closing auction for 341 securities, NYSE said on Tuesday. In a letter to clients on Tuesday, NYSE attributed the problem to a new version of software. Trading on the exchange has recommenced normally. “I am contacting you personally to emphasise that […]
Authored by Robert Parry via The Strategic Culture Foundation, The Kagan family, America’s neoconservative aristocracy, has reemerged having recovered from the letdown over not gaining its expected influence from the election of Hillary Clinton and from its loss of official power at the start of the Trump presidency. Former Assistant Secretary of State for European Affairs Victoria Nuland, who pushed for the Ukraine coup and helped pick […]
Iona Craig, who reported on the aftermath of the botched Navy SEAL raid in Yemen for The Intercept from Yeman, did so with the help of the Pulitzer Center. Iona Craig. Grants from the Pulitzer Center go a long way for international journalists who eke out a difficult existence covering tough stories from dangerous places. The details of her recent Yemen experience should give pause to most […]
Artificial intelligence (AI) is simultaneously overhyped, misunderstood, and already hugely impactful, according to Pegasystems CTO Don Schuerman, who said many organisations were already successfully using the technology before it became an industry buzzword. Schuerman told ZDNet that he has been encouraging his clients to take a look at what pragmatic AI technologies they can employ to deliver real benefits to how they interact with customers, rather than […]
By Yawen Chen and Ryan Woo | BEIJING BEIJING Business sentiment at Asia’s top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson Reuters/INSEAD survey showed. The Thomson Reuters/INSEAD Asian Business Sentiment Index .TRIABS RACSI, representing the six-month outlook of 96 firms, rebounded […]
By Steve Holland | WASHINGTON WASHINGTON President Donald Trump argued on Tuesday that his 60 days in office have been a successful keeping of his campaign promises as he attempted to turn the page from a variety of controversies that have bedevilled his White House tenure. In a speech before the National Republican Congressional Committee, Trump sprinkled his remarks with jokes, mocked his critics and expressed optimism […]
ABU DHABI // A new government programme is making local organic produce not only more readily available in supermarkets around the country but also more affordable in comparison with its more expensive, imported counterpart. The Ministry of Climate Change and Environment has made a concerted push in recent years to subsidise farming equipment, provide expertise and connect local farmers with supermarkets to help market their products. On […]
US banks recorded their steepest slide since the wake of the June Brexit vote as the Treasury yield curve flattened and investors remained concerned that Donald Trump’s policy initiatives might take longer to pass than previously thought. The S&P 500 banks index dropped 3.9 per cent, marking its steepest fall since June 27, according to Bloomberg data. America’s largest lenders were under pressure as Bank of America […]
Let’s look at what’s happening in the area of Internet infrastructure resilience in the IETF and at the upcoming IETF 98 meeting. My focus here is primarily on the routing and forwarding planes and specifically routing security and unwanted traffic of Distributed Denial of Service Attacks (DDoS) attacks. There is interesting and important work underway at the IETF that can help address problems in both areas. DDoS […]
This photo provided by Apple shows the family of iPads, from left, the iPad mini 4, the new iPad, the 9.7-inch iPad Pro and the 12.9-inch one, along with the Apple Pencil. On Tuesday, March 21, 2017, Apple cut prices on two iPad models and introduced red iPhones, but the company held back on updating its higher-end iPad Pro tablets. (Apple via AP) Apple is cutting prices […]
“Technophobes” — people who fear robots, artificial intelligence and new technology that they don’t understand — are much more likely to be afraid of losing their jobs due to technology and to suffer anxiety-related mental health issues, a researcher says. (via WSJ)
The Samsung Galaxy J7 (2017) is expected to launch soon and the AT&T version recently received certification from the Federal Communications Commission. Samsung has yet to offer any official information regarding the smartphone and it remains unclear just when exactly the new Galaxy J7 will hit the scene, but the FCC is typically among the last stops a device has to make before it’s ready for primetime. […]
Sandia National Laboratories’ Roger Suppona, left, and John Naegle, center, and Lewis Rhodes Labs CEO David Follett examine their Neuromorphic Cyber Microscope. This small processor can replace racks of conventional cybersecurity systems. Credit: Randy Montoya Cybersecurity is critical—for national security, corporations and private individuals. Sophisticated cybersecurity systems excel at finding “bad apples” in computer networks, but they lack the computing power to identify the threats directly. […]
By Elisabeth O’Leary | EDINBURGH EDINBURGH While the economic case for Scottish independence once centred on oil, people like company director Niall McLean now argue that trade is the way to ensure their country’s future prosperity – and avoid the damage of the United Kingdom leaving the EU. Turning Scotland, which sells two thirds of its exports to the rest of Britain, into a heavyweight international trader […]
All the three major U.S. indexes opened higher on Tuesday, with the Nasdaq Composite hitting yet another record high, lifted by Apple. Apple (AAPL.O) rose 0.66 percent to an all-time high of $142.40 after the company unveiled a new version of its iPad tablet. The stock was the biggest boost to all the three major indexes. The gains were broad, with all the 11 major S&P sectors […]
