Joo Kim Tiah, the son of one of Malaysia’s wealthiest tycoons, sat on stage in the summer of 2013 as his new business partner announced their plans for a C$360m luxury condominium-hotel project on Vancouver’s most prestigious downtown thoroughfare. With characteristic salesmanship, Donald Trump bragged that the 63-storey glass tower on West Georgia Street would be “one of the great buildings, not only in Canada and the […]
The reflation trade is back, in earnest. On Wednesday, all-world stock indices traded at all-time highs for the first time since spring 2015. US 10-year bond yields rose back to 2.5 per cent. Bank stocks rallied, with Goldman Sachs at an all-time high for the first time in a decade. So did tech stocks — Apple is back at a record. All of this after a hawkish […]
By Steve Holland and Patricia Zengerle | WASHINGTON WASHINGTON Senior Republicans issued their boldest challenge yet to U.S. President Donald Trump on Wednesday, promising to get to the bottom of the relationship between his aides and Russia, and calling for ousted national security adviser Michael Flynn to testify before Congress. Trump, facing a deepening crisis less than a month into his presidency, sought to focus the attention […]
Munich mayor Dieter Reiter: “Employees are not satisfied with our IT. More than half are not happy.” Image: ZDNet/Munich City Council Munich’s city council has resolved to draw up a plan for abandoning LiMux, a Linux distribution created especially for its use, which the mayor wants ditched in favor of Microsoft’s Windows 10 by the end of 2020. Despite heavy criticism from opposition parties, the city’s governing […]
Fences Director: Denzel Washington Stars: Denzel Washington, Viola Davis, Stephen Henderson Three stars Denzel Washington stars in and directs this adaptation of August Wilson’s award-winning play, the sixth in his acclaimed 10-part Pittsburgh Cycle, each of which deals with a different decade of the 20th century from the black American perspective. Fences takes place in the 1950s. Washington starred as 50-something binman Troy in a 2010 New […]
Painting a relatively optimistic economic picture during Congressional testimony this week, Janet Yellen confirmed the Federal Reserve would raise interest rates gradually. It was clear in the sessions, though, that other factors would soon weigh on interest rates and markets. Fiscal policy could make the Fed more hawkish. Yet the political agenda of financial deregulation, coupled with President Donald Trump’s choices for several vacancies on the Fed’s […]
A farewell is in order for Comcast‘s Xfinity TV app. The Comcast has officially announced that it’s going to replace that app with a new one, dubbed Xfinity Stream, which rolls out to all Xfinity TV subscribers Feb. 28. Comcast Scarps Xfinity TV In Favor Of Stream Comcast announced the successor after spending years fine-tuning the original Xfinity TV App. While that app wasn’t that terrible, the […]
Kim Jong Un’s brother, who was killed in Malaysia on Monday, begged the North Korean leader to spare his life after escaping an earlier assassination attempt, the head of South Korean intelligence said on Wednesday. Kim Jong Nam wrote to the supreme leader in 2012 to ask him to spare his life and those of his family, Lee Byung-ho, director of the National Intelligence Service, told lawmakers […]
Submitted by Don Quijones via WolfStreet.com, Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold during the same period of last year. The last time they rolled out so much debt so quickly was in 2007, the year that Spain’s spectacular real estate bubble […]
By Luke Baker | WASHINGTON WASHINGTON President Donald Trump will host Israeli Prime Minister Benjamin Netanyahu at the White House on Wednesday, their first meeting since the inauguration and one that promises to shape the contours of Middle East policy for the years ahead. On the agenda are some of the region’s most volatile issues: the war in Syria, the Iran nuclear file and the Israeli-Palestinian conflict, […]
After a day of chaotic communication, a stock sell-off and a $6.3bn writedown that may destroy one of Japan’s greatest industrial names, the Toshiba president’s bow of apology finally came. Satoshi Tsunakawa’s head nodded for just one perfunctory second on Tuesday. Most assume there will be much deeper, longer bows to come as Toshiba leads investors, customers, employees and Japan as a whole through the country’s first […]
The winner of the toy group, Chuckie the Pekingese — “or Chuckles, or Chuck” — is also the son of Malachy, the Pekingese who won Westminster’s Best in Show in 2012. “Well he doesn’t really rule the house like Malachy,” said David Fitzpatrick, his breeder, co-owner, and handler. “Malachy is the kingpin.” But the balance of power could shift if Chuckie follows his father’s (slow moving) footsteps. […]
Matt Kiser worked in news for many years, and now he works as a product manager at an algorithm startup in Seattle. But every day, Matt spends upwards of six hours working by hand on his single-subject blog, which launched in January. Starting a new project to track what the fuck just happened today. https://t.co/p64yr6BKJ3 — Matt Kiser (@Matt_Kiser) January 29, 2017 Single subject, distinct tone, clear […]
A couple of years ago, in the midst of its bankruptcy proceedings, we posted a series of stunning pictures illustrating the “Death And Decay Of Detroit.” Once a beacon of America’s manufacturing prowess, a series of time lapsed pictures revealed how, in just a few years following the ‘great recession’ of 2008, the once vibrant metropolis became the poster child for urban decay. Unfortunately, at least according […]
Amazon’s Prime program, digital music, video, e-book and audiobook subscription revenue totaled $6.4 billion in revenue for 2016, up from $4.47 billion in 2015. That category, detailed for the first time as retail subscription services, hints at how much money Amazon makes from its Prime subscriptions. The catch? Even if you assume 100 percent of Amazon’s retail subscription revenue is Prime the annual revenue tally doesn’t cover […]
Since then the barriers to peace have grown even more formidable, and attitudes like Mr. Gatshan’s more entrenched. Continue reading the main story When President Trump and Israel’s prime minister, Benjamin Netanyahu, meet in Washington on Wednesday they are likely to discuss a change of tactics, relying on Arab states like Qatar to help secure a two-state solution, under which Israel and an independent Palestinian state would […]
When Federal Reserve chair Janet Yellen testifies before a Senate committee on the state of the economy on Tuesday, there will be plenty tuning in who believe the epitaph for the three-decade rally in the bond market has been rightly written. US president Donald Trump’s plan to ramp up government spending and axe corporate taxes threatens to accelerate inflation, push up interest rates and widen the deficit […]
By Rozanna Latiff and Ebrahim Harris | KUALA LUMPUR KUALA LUMPUR The slight girl in a turquoise headscarf held back tears as she recalled what happened when she fled to Malaysia from Myanmar’s violence-hit Rakhine state. Just 12-years-old at the time, she was forced to wed a man she did not know, and who was more than a decade older than her. The teenager, who is not […]
By Patricia Zengerle | WASHINGTON WASHINGTON Benjamin Netanyahu’s first Trump-era Washington visit offers a chance to repair ties to Democrats that frayed during years of chilly relations under the Obama administration, but many party members said they do not expect much improvement given the Israeli prime minister’s close alignment with Republicans. “There’s a lot of mending of fences that has to happen between the Netanyahu government and […]
By Steve Holland and Richard Cowan | WASHINGTON WASHINGTON U.S. President Donald Trump knew for weeks that national security adviser Michael Flynn had misled the White House about his contacts with Russia but did not immediately force him out, an administration spokesman said on Tuesday. Trump was informed in late January that Flynn had not told Vice President Mike Pence the whole truth about conversations he had […]
The US economy and fiscal policy face an uncertain path under the administration of Donald Trump, Janet Yellen warned on Tuesday as she declared “monetary policy is not on a preset course” but said it would be “unwise” to raise rates too slowly. Testifying before Congress on Tuesday, the Federal Reserve chair painted a picture of an economy with accelerating growth, higher inflation and a robust labour […]
Greece is planning to appoint Rothschild to advise on its debts as the country attempts to end a long-running creditor stand-off and avert default. Government officials hope to finalise the appointment before a gathering of eurozone finance ministers on February 20 that has been described as the last chance for Greece’s lenders to overcome their differences before European attention shifts to general elections in eurozone countries. Unless […]
Getty Images/iStockphoto Operating systems are the core of our digital civilization. Hack-proofing them means that billions of devices – PCs, network switches, IoT devices, drones and much more – are much more secure. That forces cybercriminals to move up to less common layers of the software stack. special feature Cyberwar and the Future of Cybersecurity Today’s security threats have expanded in scope and seriousness. There can now […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. The Tuesday morning news shows were dominated by word that Michael Flynn is out as national security adviser. “Stunning” was the call by the Trump home team at “Fox & Friends.” It proceeded to quote its usual media pinatas in […]
