DUBAI // Three men were sentences to life for possessing almost four million illegal amphetamine tablets. On July 12 of last year, a 43-year-old from Saudi Arabia and two Syrians were arrested by Dubai Police’s anti-narcotics department in a sting operation after the authorities were tipped off that the men possessed a large quantity of drugs. “We received information that the Saudi man was part of a […]
Earlier this month I was given a genuine introduction to Fado in the Lisbon neighbourhood near where Mariza was raised and the music genre is said to have been born. In a dimly lit intimate nook in Alfama — the oldest district of Lisbon whose name is derived from either the Arabic Al hamma, meaning hot fountains or baths, or Alfamm, meaning the mouth — which barely […]
Those risks have been amplified by President Trump, whose administration has said it is “putting Iran on notice.” The tough talk from Washington has given early movers like Total pause, raising concerns as to whether long-awaited opportunities will materialize, or if the Trump administration will take a harder line and tighten already-complex rules on doing business with Tehran. Continue reading the main story Some major global companies […]
When Unilabs, the Swiss medical diagnostics business owned by private equity firm Apax, sought buyers to refinance its loans this month, it was by invitation only. The decision to restrict who could buy its loans, while also cutting typical investor protections, is a classic sign of a red-hot credit market in which private equity owners are emboldened to sideline investors who will be more demanding should a […]
Authored by Daniel Lang via SHTFplan.com, If you’ve been paying attention to the ongoing degradation of the American economy since the last financial crisis, you’re probably flabbergasted by the fact that our economy has managed to make it this far without imploding. I know I am. I find myself shocked with every year that passes without incident. The warning signs are there for anyone willing to see, […]
By Simon Lewis and Wa Lone | YANGON YANGON Myanmar goes to the polls on Saturday for the first time since Aung San Suu Kyi’s party swept to power a year ago, in an early indication of views on her leadership amid increased fighting with armed ethnic groups and slower economic growth. The by-elections will fill 19 vacant seats in the national and regional parliaments at a […]
Facebook and other platform companies publishing news are forces for bad journalism not good, despite some well-intended efforts lately to help media companies. That’s the conclusion of a massive, 25,000-word report, “The Platform Press,” published Wednesday by Emily Bell of the Columbia School of Journalism’s Tow Center and co-author Taylor Owen. The rapid shift to news reading directly on platforms is as big a transformation as digital […]
Hedge funds betting on a sharp drop in global equities suffered further this quarter, while the broader industry’s returns lagged behind those of US and European stocks. The flagship fund of Crispin Odey, who for several years has been warning of a violent bursting of a bubble inflated by central banks, is narrowly down for the year. The fund endured a nearly 50 per cent decline last […]
Panama has a new tourist attraction: the building hosting the offices of the Mossack Fonseca law firm at the heart of the Panama Papers scandal. That is why, workers there say, the sign announcing the firm has been taken down from where it used to be outside the dark-tinted edifice in Panama City’s modern banking district. Too many tourists were stopping to take selfies in front of […]
By Roberta Rampton and Ayesha Rascoe | WASHINGTON WASHINGTON President Donald Trump on Friday released details of the personal finances of his staffers late on Friday, including his son-in-law Jared Kushner and daughter Ivanka, confirming that he has surrounded himself with some very affluent advisers. White House ethics officials said the legally required disclosure documents provided a snapshot of assets and positions held by personnel when they […]
Marka, the UAE’s first retail-focused listed company, has reported a net loss of AED150 million ($40.8 million) for the full financial year of 2016. The company, which has exclusive rights to manufacture and sell Real Madrid products in the Gulf region, reported total revenue of AED294 million, an increase of nearly 37 percentover the full year results for 2015. Marka added that the net loss was mainly […]
Silver Lake, the tech-focused private equity group, has teamed up with US chipmaker Broadcom in an attempt to acquire Toshiba’s semiconductor business for nearly $18bn, people briefed about the situation said. The Japanese company is in talks with several other potential suitors for its chipmaking unit, these people said, as it hopes that the sale will help it meet any financial shortfalls related to this week’s bankruptcy filing for […]
Mr. Zaidan is a former bureau chief for Al Jazeera in Pakistan and one of the few journalists to interview Osama bin Laden before the Sept. 11, 2001, attacks. Continue reading the main story The men’s lawyers and Reprieve, a human rights group in Britain that filed the lawsuit, hope that it will force the government to not only to clarify the men’s status, but to divulge […]
After centuries of getting around primarily via horses, many people viewed the first automobiles with apprehension. This newfangled “horseless carriage” was considered too fast and dangerous to ever catch on. In the late 19th century, England even had a law called the Red Flag Act, which required self-propelled vehicles to be led at walking pace by someone waving a red flag. In 1895, the New […]
Latin American dictators once sent in tanks and soldiers. This week, Venezuela’s socialist president Nicolás Maduro dispatched judges. The motivation, in part, is money. The result, however, is the same: a coup. Opposition leaders branded Mr Maduro “a dictator” and foreign governments decried the power grab after Venezuela’s government-controlled Supreme Court effectively annulled the National Assembly on Thursday, where the opposition won a majority in 2015 amid […]
US farmers have signalled plans to sow soyabeans across an area the size of Germany this year, an expanse that reflects the relentless rise of meat demand in China and other emerging economies. The record 89.5m acres (36.2m hectares) of soyabean fields would follow all-time high plantings in South America, the other leading grower of the oilseed. The harvest under way in Brazil is set to surpass […]
RBC’s head of cross asset strategy Charlie McElligott dons his full wonksh equity analyst hat today, exposing “The April Effect,” and the specific risk of “nasty double whammy” of levered long-short unwinds should momentum stall. Quick note of warning as we transition into the new quarter, with potential for major thematic / sector / factor reversals in stocks. The following observation regarding April seeing a seasonal ‘momentum’ […]
If binge-watching Netflix movies and TV shows is your forte, you could get paid for it if you’re also good with languages and translations. Netflix is looking for people to help with translating subtitles and it launched a new program called Hermes, designed to address the challenge of finding good subtitle translators in different countries worldwide. Help Create Netflix Subtitles Through Hermes, Netflix wants to find collaborators who will […]
“Keep your eyes on the stars, and your feet on the ground,” said Teddy Roosevelt. If the Washington Post is to be believed, Rex Tillerson believes you should keep your eyes on the stars. Or the nearest water fountain. Or a family photo on your desk. Maybe just on your iPhone, a passing squad car, anything but him. In a less than solicitous profile, The Washington Post […]
BEIRUT More than 7,000 people have escaped Islamic State control in the Tabqa area west of the Syrian city of Raqqa since last week, U.S.-backed local forces fighting the jihadists said on Friday. The Syrian Democratic Forces, an alliance of Kurdish and Arab milita fighters, has been battling Islamic State around Tabqa, nearly 40 km (25 miles) west of Raqqa city. Last week, they captured the northern […]
DuPont (DD.N) said on Friday it would buy a unit of FMC Corp (FMC.N) and sell its crop protection business to the company to win European Union approval for its merger with Dow Chemical (DOW.N), and delayed the deal’s closing again. DuPont said its $130 billion merger with Dow Chemical, which was expected to close in the first half of 2017, is now anticipated to close between […]
Explore investment opportunities in Madhya Pradesh – India, at the Annual Investment Meeting (AIM) 2017 Explore investment opportunities in Madhya Pradesh – India, at the Annual Investment Meeting (AIM) 2017 Dubai, 31 March 2017 The state of Madhya Pradesh, often called the heart of India is participating at the Annual Investment Meeting (AIM) which will be held in Dubai from 2nd – 4th April 2017 at Dubai […]
LONDON Volkswagen (VOWG_p.DE) said it has so far fixed fewer than half of the 1.2 million cars affected by the diesel emissions scandal in Britain, 18 months after the revelations first came to light. The German carmaker admitted in September 2015 to using software to cheat diesel emission tests in the United States and has since paid out compensation to U.S. motorists but has refused to do […]
Rackspace CEO Taylor Rhodes: “Amazon is a tornado.” Rackspace CEO Taylor Rhodes is disarmingly honest about the ride the company has been on in recent years. This is what happens, he says, “when the world’s largest bookseller comes into your industry.” It wasn’t Amazon’s bookselling ability that caused Rackspace headaches, of course, but its cloud computing division Amazon Web Services (AWS). Rackspace started out as web hosting […]
