By Christine Murray | SAN LUIS POTOSI, Mexico SAN LUIS POTOSI, Mexico Ford Motor Co’s (F.N) abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump’s agenda poses to the country’s broader economy. Many auto parts makers had started to expand in anticipation of […]
This week’s news that Medium is laying off 50 employees and closing its offices in Washington, D.C. and New York came as a surprise to the stable of news organizations that signed up to use the site as its publisher. The prospects for Medium, which was sold to publishers as a high-end alternative to traditional web advertising, now look less rosy as the company backpedals from what […]
To understand the Xperia XZ, you need to understand the genesis of its name, and therefore the weird rollercoaster ride that has been Sony’s Xperia line of phones in recent years. In February 2016, the Japanese electronics behemoth announced that its flagship Z-line of Xperia phones had ended, and in its place would be the more mainstream X-line of devices. Essentially, this meant that Sony was going […]
Dubai Opera has just celebrated its first 100 days of operation, with more than 60 shows delivered and passing the milestone of 100,000 tickets sold along the way. Whilst these achievements are ones of which everyone who works at Dubai Opera is exceptionally proud, we all recognise that we are really just starting out on the path towards our goal of regularly bringing world-class cultural, artistic and […]
Photo The Russian aircraft carrier Admiral Kuznetsov has been called back to its home port, Murmansk. Credit Norway Royal Airforce, via European Pressphoto Agency MOSCOW — Russia has ordered its only aircraft carrier to return home, part of a general drawdown of forces involved in the Syria conflict, a senior general announced on Friday. The carrier, the Admiral Kuznetsov, was sent to the eastern Mediterranean in the […]
Submitted by Lance Roberts via RealInvestmentAdvice.com, A few week’s ago I discussed the post-election surge in the market based on rather optimistic outlooks as opposed to the technical underpinnings that currently exists. As I specially stated in the weekend newsletter entitle “Dow 20,000” the market was beginning to take on an eerily similar feeling: “If this market rally seems eerily familiar, it’s because it is. If fact, the backdrop […]
A round-up of major happenings in Pakistan in the last week. Pakistan Prime Minister Nawaz Sharif. Credit: PTI Panama Papers investigation After weeks of acrimony, the first day in office for new Chief Justice Mian Saqib Nisar was an unusually harmonious one, with all parties hailing the constitution of a new bench for the Panama Papers hearings that will resume on January 4. Nisar excluded himself from […]
Facebook has appointed former NBC and CNN anchor Campbell Brown to oversee its sometimes-strained relationship with the news industry, as the platform faces criticism for its role in the US presidential election. Campbell Brown, who hosted her own show on CNN until 2010, wrote in a post on Facebook that she will join its news partnerships team this month, charged with helping journalists work more effectively with […]
Nobody likes to admit going along with the consensus. It sounds better to be contrarian, and in markets there is far more money to be made when you latch on to an unpopular notion that turns out to be correct. That is how you get to buy things cheap. But sometimes the herd gets it right, even if it gets overexcited and “overshoots” its target. On balance, […]
Apple launched its latest operating system – iOS 10 – amid much excitement in 2016 and now, a new survey reveals that a majority of Apple users have installed the update on their compatible iPhone, iPad or iPod. It’s been nearly four months since iOS 10 was made available to Apple users and the official statistic from Apple reveals that this version of the operating system is now running […]
MANILA, Philippines – The Department of Health (DOH) reported yesterday a total of 630 fireworks-related injuries recorded during the New Year’s Eve revelry, which is 292 cases lower than the incidents in the previous year. “We would like to extend our gratitude for the support of other national agencies, the local governments, non-government organizations and the media for the anti-firecracker campaigns. We do hope that eventually we […]
ABU DHABI // Exercise should be the first line of defence in the fight against depression after research published in the Middle East Journal of Positive Psychology hailed its benefits in releasing ‘feel good’ brain chemicals. Doctors advocate physical activity as the best remedy in many cases, but the simple solution is often overlooked in favour of medication that can be expensive and carry side effects. Restrictions […]
Never mind football’s alarmingly martial terminology. What Saban, who cut his coaching teeth on defense, noticed and passed along helped Alabama find solutions that led to 269 rushing yards — more than twice the average Washington had allowed in games this season. Continue reading the main story “It’s good for the offense,” Bobby Williams, a special assistant who has held several coaching jobs on Saban’s staffs, said […]
As the first battery cells roll off the production line at Tesla’s 1.9m sq ft Gigafactory in Nevada a scramble is under way to secure supply of the lithium that is their key ingredient. This week a small Australian mining company sold a lithium prospect in west Africa to a Chinese buyer for $78m — or more than 2,000 times the amount it paid for the deposit […]
This story is a collaboration between Kaiser Health News and the Center for Public Integrity. Six years ago, federal health officials were confident they could save taxpayers hundreds of millions of dollars annually by auditing private Medicare Advantage insurance plans that allegedly overcharged the government for medical services. An initial round of audits found that Medicare had potentially overpaid five of the health plans $128 million in […]
Intel Compute Card First there was the Compute Stick, Intel’s mini-computer that resembles a pack of gum. Now the chip giant is releasing a PC that’s even more diminutive than that device. The new Compute Card is even thinner than the Compute Stick, looking more like a slightly bigger, thicker credit card. It’s a mere 5mm thick, but still manages to house most of the essentials for […]
By Isabel Coles and Saif Hameed | NORTH OF MOSUL, Iraq/BAGHDAD NORTH OF MOSUL, Iraq/BAGHDAD Elite Iraqi troops bridged a river under the cover of darkness to seize a district of Mosul in an unprecedented night raid early on Friday, part of a new phase in the battle to capture the city from Islamic State after weeks of slowed momentum. Since last week, Iraqi forces have launched […]
When Donald Trump comes to Washington on January 20, his YouTube supporters Diamond and Silk will be travelling to the capital with him. Then, they will turn round and go home. Over the course of the tycoon’s campaign, Diamond and Silk served as two of the president-elect’s biggest surrogates to the African-American community, talking him up on their hit video blogs, speaking alongside him at rallies and […]
Photo Maqluba, a Middle Eastern dish, is an aromatic glory that requires a certain manual dexterity for its presentation. Credit Gentl and Hyers for The New York Times. Food stylist: Maggie Ruggiero. Prop stylist: Amy Wilson. “Why did you take your shoes off?” Maha Sarsour demanded as she emerged from her kitchen to greet me. I debated whether it would be better or worse to say that […]
Argentina is looking to sell up to $10bn of debt, taking advantage of calmer conditions across bond markets and a pullback in the US dollar. The year-old government of Mauricio Macri is just one of a host of other emerging markets, including Brazil, Saudi Arabia and Nigeria, all racing to raise finance soon to mitigate risks stemming from the uncertainty over the direction of US policy, with […]
Fast Radio Bursts, or FRBs, are short-lived but extraordinarily bright pulses of radio waves coming from mysterious sources outside the Milky Way. They were first discovered in 2007 but little is known about them particularly because they only last for a few seconds. Their fleeting action makes them difficult to catch and makes it harder for astronomers to pinpoint their exact source. Radio Signal From Aliens Researchers have […]
Each quarter Credit Suisse’s U.S. Equity Strategy team, led by Lori Calvasina, takes a deep dive into the stock level holdings of long-only, actively managed small, SMID, mid & large cap funds to see which stocks officially qualify as the most crowded trades on wall street. While the results obviously vary across the size categories, Tech, Healthcare and Financials seemed to be recurring themes for the most […]
What with the Golden Globes, the Oscars, the Baftas and the host of other award ceremonies jamming up their calendars, it’s a wonder that the stars of stage, screen and television ever have time to act. Plus, as British comedian Ricky Gervais liked to point out on each of the four occasions he presented the annual Golden Globes ceremony in Los Angeles, watching the impossibly wealthy and […]
China strengthened the renminbi’s trading range on Friday by the most since it depegged it in 2005, as investors awaited data expected to show Beijing is continuing to burn through its reserves to support the currency. The renminbi’s sudden strength has caught global markets off-guard and wrongfooted investors betting the Chinese currency would start the year by continuing its gradual slide as outflow pressures persisted in spite […]
