CRA assistant commissioner Ted Gallivan said tax fraudsters identified in the Panama Papers will not be allowed to clear their name by declaring their hidden assets and paying back taxes and interest, a process called voluntary disclosure. (Graeme Roy / THE CANADIAN PRESS file photo) For the Canada Revenue Agency, the Panama Papers was a line in the sand. Unlike those exposed by previous leaks, tax cheats named […]
U.S. stocks reversed course to trade slightly higher in late morning trading on Monday, helped by a rise in technology stocks including Apple. Apple (AAPL.O) rose nearly 1 percent, hitting a new record-high of $141.34, lifting the tech-heavy Nasdaq Composite index to yet another intraday high. The iPhone-maker’s stock could rise another 10 percent in six months, Barron’s wrote in an article posted Saturday. The U.S. stock […]
Tech companies and auto makers need to join forces and educate regulators on self-driving cars, or rules of the road will never get off the ground. To hear Google or Uber tell it, self-driving cars are almost ready for prime time. After all, you can already summon an autonomous Uber in Pittsburgh and Arizona, while a test of Google’s self-driving car effort—an […]
FX traders had a slightly delayed reaction to news that UK PM Theresa May will trigger Article 50 next Wednesday but Cable is now sliding on the headlines. However, with speculative positioning already at record lows, many are asking “why would a long-term trader sell the pound now?” As Bloomberg’s Mark Cudmore notes, it’s a question worth asking, because it seems that the vast majority of potential […]
In the 21st century, musical fusions are commonplace – but just by looking at the stage, with closed ears, one might detect something novel about this starkly juxtaposed sonic line-up. To the left, a typical jazz trio – keys, double bass, drums. To the right, a five-piece Emirati percussion troupe, performing in a Bedouin tradition rarely heard outside the Gulf. The occasion was the live debut of […]
When the European Commission published a “white paper” this month on the future of Europe, something was missing. Two weeks earlier Pierre Moscovici, EU economy commissioner, had told an audience in Athens that the blueprint would include “ambitious ideas” for “deepening of the economic and monetary union” — code for overhauling the system of budget rules and policy co-ordination that underpins the single currency. Instead, amid warnings […]
By Colin Packham and Aaron Bunch | CANBERRA/PERTH CANBERRA/PERTH U.S. officials began taking fingerprints of asylum seekers in an Australian-run camp on the Pacific island of Nauru on Monday, signalling that vetting of applicants for resettlement in what U.S. President Donald Trump called a “dumb deal” has restarted. Australia agreed with former U.S. President Barack Obama late last year for the United States to resettle up to […]
Kodi, a free open source media player software that gives users access to a massive content library, is steadily growing in popularity. While the app is easy to use on PCs and laptops, users can also install Kodi in a variety of other devices. Here is a tutorial on how to get the software into three TV-focused hardware namely the Amazon Fire TV Stick, the Roku TV, […]
By Idrees Ali | WASHINGTON WASHINGTON In March 2014, the U.S. military paid an Afghan man just over $1,000 to compensate for killing his civilian son in an operation near the border with Iran, according to U.S. military records released to Reuters. Six months later, another Afghan father was given $10,000 by the U.S. military after his child, also a civilian, was killed in an American-led […]
Mansour Bin Jabr’s idea of a hard life may not resonate with everyone. “The cars, the jets, they don’t make me happy. I’m a hippie in a way. I love islands, beaches,” says the 30-year-old chief operating officer of Bin Jabr Group, having just returned from a business trip in the Maldives. “I see myself retired in the Bahamas in a resort I own with my toys. […]
It’s in facials, on cappuccinos and most recently on the award-winning Burg Khalifa. But what is gold leaf like to work with when it comes to more permanent projects? We speak to a variety of artists about this tricky material. newslide Gold-leaf gilder All that glitters is gold at Emirates Palace. Most of the ceiling and many of its walls, totalling a one-kilometre surface, are covered in […]
Authored by ‘Vaniam’ via The Burning Platform blog, This is an Arizona patriot’s unique view on John Sydney McCain As of late, we the people of Arizona are very shocked to see what he has become. He is a caricature of a man who, around here, is about as popular as the ping-pong president. How could the people of Arizona, the state that brought you the O.K. […]
From smartphones, smartwatches, and smart home devices, these gadgets assist in daily activities from the mundane to the truly incredible feats. Smartwatches, however, are starting to be the norm as one of the most popular wearable devices today, each with its unique capabilities that set it apart from the competition. While more well-known brands boast advanced OS, and others sleek designs, one smartwatch in particular boasts its capability of […]
By Emily Stephenson and Caren Bohan | WASHINGTON WASHINGTON U.S. lawmakers from both parties said on Sunday they had seen no proof to support the claim by Republican President Donald Trump that his predecessor Barack Obama had wiretapped him last year, adding pressure on Trump to explain or back off his repeated assertion. Several Republicans last week urged Trump to apologize for the allegations he made in […]
By Mike Stone | WASHINGTON WASHINGTON U.S. President Donald Trump says he wants to build dozens of new warships in one of the biggest peace-time expansions of the U.S. Navy. But interviews with ship-builders, unions and a review of public and internal documents show major obstacles to that plan. The initiative could cost nearly $700 billion in government funding, take 30 years to complete and require hiring […]
Tim Byrnes is an unlikely symbol of China’s bid to become the world’s high-tech superpower. For a start he is Australian. Yet the 39-year-old quantum physicist’s decision to swap a research post in New York for Shanghai goes some way to explaining the lengths to which Beijing is going in its efforts to upend the world order. “Quantum physics is very strong in China,” says Mr Byrnes. […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on positive signals for the word’s second-largest economy and the implications for investors of the Federal Reserve rate rise. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Investors may be wary of being burnt by China but the drumbeat of bullish noises […]
(Image: Intel) Intel has taken the wraps off its first Optane 3D XPoint storage product, the SSD DC P4800X, which the company claims can make database transactions up to 10 times faster. Optane will first be available from today to select early customers as a 375GB add-in card, and during the second half of the year will also be available in 750GB, 1.5TB sized cards, and as […]
By Michelle Martin | BERLIN BERLIN Germany’s Social Democrats (SPD) on Sunday formally endorsed former European Parliament President Martin Schulz as their leader and challenger to Chancellor Angela Merkel in what is set to be a tightly contested national election in September. The SPD has undergone a revival since nominating Schulz in late January, gaining around 10 points in opinion polls and signing up thousands of new […]
FRANKFURT A large Porsche SE (PSHG_p.DE) stake owned by former Volkswagen (VOWG_p.DE) chairman Ferdinand Piech may be bought by other members of the Porsche and Piech clans before May 30, German weekly Bild am Sonntag said. Porsche SE said on Friday that Piech wanted to sell his 14.7 percent stake in the family-controlled holding company, which is worth at least 1.1 billion euros ($1.2 billion). It said […]
Employer-funded healthcare in the US is an accidental system. It came into being during the second world war, when wage freezes and 1.9 per cent unemployment forced the government to allow companies to offer fringe benefits like healthcare in an attempt to attract workers. In 1943, the Internal Revenue Service ruled that employer-based healthcare should be tax free — and we were off to the races. The […]
The United States has declassified its secretive footage of the nuclear tests it conducted between 1945 and 1962 and published them online on YouTube. Much of the footage will make viewers run for cover as they see chilling reminders of the arms race for military superiority during the Cold War. The footages were captured by multiple cameras at various angles. They documented each explosion at the rate of […]
Here are the big questions for markets and investors as a new trading week beckons. Does a measured Fed risk being left behind by inflation?After a barrage of central bank meetings, Brexit angst and the first major European election for the year, market volatility across bonds and equities remains quiescent. Having been primed for a more aggressive Federal Reserve and wary of polls being wrong ahead of […]
With GCC governments placing so much emphasis on start-ups as the backbone of a stronger, non-oil based economy, people would be forgiven for thinking it was all about quantity over quality. In fact, in an interview two years ago, a senior official at Abu Dhabi government leading on the UAE’s ‘Takamul’ patenting initative, came right out and said it. He told Arabian Business that the quality of […]
