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Much of the markets’ mixed reaction reflects uncertainty about a new president who has never held public office, leaving political leaders, business executives and international institutions to make bets on how a Trump administration may rewrite rules that have governed global affairs under American presidents of both parties. Continue reading the main story “For allies and adversaries alike, the election of Donald Trump represents the likely abandonment […]

By Nandita Bose and Sayantani Ghosh U.S. shoppers snapped up Cyber Monday deals on what is usually the single biggest day for internet shopping, after stellar online sales over the Thanksgiving holiday weekend. Sales on Cyber Monday were expected to finish up 9.4 percent at $3.36 billion compared with last year, according to Adobe Digital Insights. As of 10 a.m. EST on Monday, sales totaled $490 million. […]

President Bashar al-Assad’s forces seized a wide swath of rebel territory in the embattled Syrian city of Aleppo, spurring the flight of tens of thousands of civilians amid intense fighting that threatens the collapse of the opposition’s last major urban stronghold. Activists and rebel leaders said pro-Assad forces on Monday recaptured the northern districts of the city, which has been divided between opposition forces on the east […]

The Sennheiser GSX 1000 is not only pitched as a stylish DAC + amp combo that aims to provide better sound quality than your on-board audio. But also as a revolutionary virtual surround sound device that uses Sennheiser’s new Binaural Rendering Engine to simulate a “groundbreaking” 7.1 audio experience. It’s “surround sound reborn” claims Sennheiser, and while it may not be as sublime as its marketing hyperbole […]

The latest drone flyover video on the Apple Campus 2 reveals that the facility is almost complete, and it looks like it came straight out of a science fiction movie. There have been a few other drone flyover videos on Apple’s new home, but this new one gives the best look on how the Apple Campus 2 would look like once construction is done. Apple Campus 2 […]

DUBAI, United Arab Emirates, November 28, 2016/ — The Ashish J Thakkar Global Entrepreneurship Index of 85 countries ranks Singapore as the best environment for entrepreneurs Of the African nations, Namibia scores highest and comes 42nd overall – ahead of other prominent African markets, such as Nigeria, Kenya and South Africa The research, conducted by Mara Foundation and Opinium Research, examines the state of entrepreneurship around the […]

No Man’s Sky is finally getting closer to what it was supposed to be, as the new Foundation Update finally adds some features that should’ve been available from day one. The Foundation Update that Hello Games announced a couple of days ago is now live and it brings a number of cool new tricks, including base building, freighters, survival mode, and stackable items. Base Building With the latest Foundation […]

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TOKYO Oil prices tumbled on Monday on fears that producer countries may fail to agree an output cut, pressuring U.S. stocks and the dollar as traders reversed their “Trumpflation” trade as weak oil prices would reduce pressure on U.S. interest rates to rise. That gave some relief to Asian shares, which had underperformed on worries about capital flight to higher-yielding U.S markets in the weeks since Donald […]

By Roberta Rampton and Dustin Volz | PALM BEACH, Fla./WASHINGTON PALM BEACH, Fla./WASHINGTON U.S. President-elect Donald Trump said in a tweet on Sunday that he won the popular vote in the Nov. 8 election “if you deduct the millions of people who voted illegally”, though he provided no evidence of widespread voter fraud. The allegation by Trump, who won the required votes in the Electoral College to […]

In these volatile times, gold is more important than ever. Bonner & Partners’ Bill Bonner explains in this two-part series, the importance of ‘real money’ and why you need it now… Many years ago, before the invention of modern money or capitalism, people still had wealth – although limited. And they still had ways of keeping track of it. The principle of “fair trade” seems to be […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell over 1 percent on Monday, extending declines from last Friday as doubts re-emerged over the ability of major producers to cut output at a planned meeting on Wednesday aimed at reining in global oversupply. Brent crude futures LCOc1 were trading at $46.40 per barrel at 0035 GMT (7.35 a.m. ET), down 84 cents, or 1.8 percent, from their […]

By Andy Sullivan | WASHINGTON WASHINGTON An internal dispute among Donald Trump’s advisers broke out into the open on Sunday when his campaign manager warned that the president-elect could face an intense backlash from supporters if he chose Mitt Romney to be his secretary of state. Trump has been weighing whether to pick Romney, the 2012 Republican presidential nominee who spent much of the past year criticizing […]

Donald Trump has attacked Hillary Clinton’s campaign team for backing an election recount effort based on suspicions that foreign hackers rigged the vote in key states, even as the US President-elect made the unsupported claim that “millions” of Americans cast ballots illegally. Reacting to a weekend decision by the Clinton campaign to participate in a recount in Wisconsin, one of three swing states targeted for new counts by […]

OPEC is embarking on a last-ditch diplomatic push to reach a production cut, with ministers flying to Russia for talks, as Saudi Arabia for the first time suggested the oil-club doesn’t necessarily need to curb output. The Organization of Petroleum Exporting Countries will meet on Wednesday in Vienna to try finalize the terms of its first production decrease in eight years. Yet the group remains divided about […]

A selection of films from around the world are to be showcased next week at the 13th annual Dubai International Film Festival (DIFF), its organisers have announced. Held at the Madinat Theatre at Dubai’s Souk Madinat Jumeirah, the festival runs from December 7-14 and includes numerous cinema screenings and red carpet gala events.   On December 8, festival goers will experience the world premiere of ‘Befikre’, a Hindi […]

It was not just the manner in which Rosberg succeeded, and his generosity in praising his teammate, but also the contrasting style with which Hamilton lost the title, that defined this final duel of the 2016 season. Continue reading the main story With just 12 points between them before the race, and Rosberg leading the series, Hamilton, who started from the pole position — with Rosberg starting […]

By Tom Westbrook | SYDNEY SYDNEY The ability of Australian telecoms company Telstra Corporation (TLS.AX) to offset the fall in its traditional revenue streams by diversifying into a range of technology and other businesses is in doubt. So far, Telstra’s funding of 44 startups since 2013, the A$235 million ($175 million) spent acquiring 18 health-related companies, the purchase of more than 30 companies by its venture-capital division, […]

FRANKFURT German pilots union VC said on Sunday it was open to further talks with Lufthansa (LHAG.DE) to try to find a compromise over a long-running pay dispute that caused a four-day strike last week, adding the airline needed to present a new offer. “It will become clear in the course of the day how the dispute will continue,” a spokesman for VC told Reuters. Lufthansa said […]

What are the differences between a regular car and a racing car? What is it like to be in a high-speed accident on a race track? How do you master corners without losing control of your car when you are driving at breakneck speeds? A series of short programmes from the free-to-air Quest Arabiya channel attempts to answer these questions and more besides, as they ­explore everything […]

Our round-up of the week’s best comment and analysis from the Financial Times focuses on how infrastructure and fiscal policy shake-ups will play out for investors in the light of the current “Trumpflation” market rallies. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Infrastructure spending is the new zeitgeist of our age but we should have […]

By Edward Taylor and Jan Schwartz | FRANKFURT/HAMBURG FRANKFURT/HAMBURG Just as Porsche and Audi have fought for supremacy on the race track, the Volkswagen brands are now locked in a cut-throat battle to develop and manufacture the next generation of electric cars at a group embroiled in the “Dieselgate” scandal. Volkswagen Group denies that the kind of internal rivalry that it encouraged at the Le Mans 24 […]

Indian online payment firm Paytm says it has added 8 million new users in the two weeks since the government announced the replacement of the country’s highest-denomination bank notes. In a bid to root out corruption, counterfeit money and tax evasion, Prime Minister Narendra Modi on Nov. 8 announced the replacement of notes worth 500 rupees ($7.30) and 1,000 rupees ($14.60). That move has resulted in a […]

Here are the big questions we are asking at FT Markets into the week when the calendar flips over into December. Will Opec deliver a meaningful production cut? All eyes are on Vienna and Opec’s annual gathering with a keenly awaited decision on production levels. An Opec deal on Wednesday that delivers a concrete supply reduction of at least 1m barrels a day, with non-members such as […]

“We have lost everything, our infrastructure, and we have nothing left to lose,” he said. “Now it is a long war of attrition.” Photo A nonfunctioning cement factory in Amran, Yemen, that was bombed twice by the Saudi-led coalition. Credit Tyler Hicks/The New York Times The Houthis’ control of such key territory has made them essential to international efforts to end the conflict, leaving policy makers and […]

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