Traders are anticipating big swings in the pound, ratcheting up the cost of hedging against sterling volatility in preparation for fast-moving developments in the UK’s ever-more fractious relationship with the EU. Theresa May’s Brexit speech that she will deliver on Tuesday has already caused big shifts in the pound, following weekend media reports about its likely content. However, traders are now weighing up the impact of Donald […]
Saudi Arabia will adhere strictly to its commitment to cut output under the global agreement among oil producers, its energy minister said on Monday, expressing confidence that OPEC’s plan to prop up prices would work. Saudi Energy Minister Khalid al-Falih, speaking at an industry event in Abu Dhabi, also said he was encouraged by signs of commitments by other participants in the deal since it took effect […]
Turkey’s biggest headache, its crashing currency which the central banks appears unable to contain due to an Erdogan order not to hike rates, could soon translate into another major problem. According to two senior economy officials, Turkish inflation could reach double digits in the first quarter for the first time in almost five years as a result of the lira’s falls, putting more pressure on the central […]
ROME McDonald’s received a lukewarm reception when it opened a new branch just steps from St. Peter’s Square last month, but on Monday the fast food giant accepted a challenge to adopt one of Pope Francis’s cherished principles – feeding the hungry. The new restaurant, whose opening in a Vatican-owned building on Dec. 30 upset some purists, donated dozens of meals on Monday to a charity which […]
By Isabel Coles | MOSUL, Iraq MOSUL, Iraq Iraqi special forces battled Islamic State militants in districts near the Tigris river in Mosul on Monday as they sought to bring more of the east of the city back under government control. The latest clashes occurred in the neighbouring Shurta and Andalus districts. At least three Islamic State suicide car bombs targeted Iraqi forces in Andalus. There was […]
Dubai, January 16, 2017 Panacea Medical & Wellness Centre, a multi-specialty primary health care facility in Dubai, has received the Health Award for distinguished CSR contribution at the Annual Health Awards, jointly hosted by the Department of Economic Development (DED), Dubai and the HEALTH magazine, today. The award was presented to Panacea Medical & Wellness Centre by His Excellency Humaid Al Qutami, Chairman of Board of Directors […]
The family of an 18-year-old woman is fighting in court for access to a new tuberculosis drug that doctors say may be her only hope of survival, in a case that is being closely watched by TB experts and health workers in India and around the world. The family of the young woman, whose name her lawyer asked to keep confidential, filed a petition in Delhi’s High […]
Driverless: Intelligent Cars and the Road Ahead • By Hod Lipson and Melba Kurman • MIT Press • 328 pages • ISBN: 978-0262035224 • £19.95 / $29.95 There is an old joke that has Bill Gates, then CEO of Microsoft, boast to the CEO of General Motors that if Microsoft built cars, they would cost $25 and get 1,000 miles per gallon. The GM CEO is supposed […]
By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos. As political leaders, businessmen and bankers converge on the resort in the Swiss Alps this week, they can draw hope from a more benign […]
Nearly everyone who’s played Super Mario Bros. knows instinctively what the first level looks like. Mario is left-of-center, he moves to the right, the screen pans around the platform, there’s the first question block — gleaming subtly, which is important, but more on that later — and then a goomba trundles toward Mario. This point in the game is crucial. The player either loses a life upon […]
Atlas Copco is to split itself in two and appoint a new chief executive as Sweden’s largest industrial group tries to boost shareholder value. The Wallenberg-backed company is hoping to spin off its mining and construction tools business after a tough period following the slump in commodities market. That would leave the existing Atlas Copco to focus on compressors, vacuum technology and its big service business, which […]
The clock was dwindling, and a charging Cowboys lineman was just feet away as Rodgers, throwing in the opposite direction of his momentum, lofted a pass roughly 40 yards in the air toward Cook. Continue reading the main story “At that time, the quarterback’s best friend is muscle memory,” Rodgers later said. “You’re gauging your speed, the receiver’s path, the trajectory of the throw — all these […]
By Stephen Kalin | MOSUL, Iraq MOSUL, Iraq When four rockets crashed into his east Mosul home in November, Abu Abdel Malik’s 60-year-old step-mother was killed instantly. But she wasn’t properly buried for more than a month. Fighting in Zuhur district and surrounding areas was too intense during that period to transport the body to the main cemetery in the suburb of Gogjali, just 5 km (3 […]
Source: United Nations University Hong Kong and Singapore in 2015 produced the highest volume of e-waste in the region, generating 21.7kg and 19.95kg, respectively, per capita. At 19.13kg per capita, Taiwan rounded up the top three e-waste producers, while China more than doubled its production between 2010 and 2015–at 107 percent–to 6.7 million tonnes. Across East and Southeast Asia, the average e-waste generation per capita was 10kg […]
16 January 2017 Oman Insurance Company (OIC), one of the UAE’s leading insurers, has become the first insurer in the Middle East to establish a corporate alliance with the Association of Certified Fraud Examiners (ACFE). The ACFE is recognized as the world’s largest and premier anti-fraud organization and has partnerships with numerous Fortune Global 500 organizations. Its role is to support the implementation of anti-fraud best practices […]
PRIEN, Germany Some 30 swimmers braved the frosty waters of Germany’s Chiemsee over the weekend, racing to be crowned “Ice King” of the famous lake near Munich. In driving snow, with air temperatures around freezing and water temperatures around 4 degrees Celsius, men and women competed in several disciplines such as breast stroke and freestyle in a 50 m course off the town of Prien. The lake […]
A showdown is brewing over the fate of journalists in President-elect Donald Trump’s White House. Several officials from the incoming administration are reportedly considering evicting reporters from their traditional offices inside 1600 Pennsylvania Avenue, sparking concern from the association that assigns journalists seats in the White House briefing room. “The White House Correspondents’ Association Board is aware of the comments from the president-elect’s team regarding continued news […]
Water is a critical ingredient for life. And with the discovery of water ice in other planetary objects, scientists are abuzz over the probability of the presence of — and the prospect of supporting — life beyond the boundaries of planet Earth. Tech Times looks at three of the most recent concrete evidence of water ice on three planetary bodies: Ceres, Pluto and Mars. Water Ice On […]
Not helping matters for the Chiefs has been yet another dominant effort by Bud Dupree, Pittsburgh’s standout linebacker. The second-year player started the season on injured reserve, and did not play a snap until Week 11, but he has turned into a major disrupter on defense. He delivered a huge hit to Chiefs quarterback Alex Smith that resulted in an interception and also got into the backfield […]
Monday 02.10 GMT Overview Asian markets were mostly lower despite bank-led gains for Wall Street on Friday but the spotlight was on the British pound as it tumbled to a four-month low amid heightened expectations of a “hard Brexit”. Hot topic Sterling was down 1.3 per cent at $1.2027 after falling as low as $1.1986 in early Asian trading, ahead of a speech on Tuesday in which […]
The UAE is upskilling its population – and not only nationals. During a Federal National Council session on January 10, Minister of Human Resources and Emiratisation, Saqr Ghobash Saeed Ghobash, revealed the country is attempting to increase the number of “highly skilled” workers to 40 percent of the workforce by 2021. Currently, workers categorised in the top three skill levels, including executives and those with tertiary qualifications, […]
Image: Carnival The cruise industry is following the high-tech wave with the introduction of a new machine-learning wearable device for passengers that Carnival CEO Arnold Donald announced at CES 2017. A lot has been written about the move and it’s shaping up to be one of the most significant Internet of Things projects of 2017. We’ve covered it extensively on ZDNet and TechRepublic and here we’ve broken […]
LONDON (Thomson Reuters Foundation) – Gul Bibi, an Afghan grandmother well into her eighties, never expected to become a fighter. But now she is one of more than a hundred women in Afghanistan’s northern Jawzjan province who have taken up arms against Islamist militants. Nearly all of the women have lost a husband, son or brother to the Taliban or the newly active Islamic State in the […]
Photo Tom Brady threw two interceptions against the Texans, equaling his regular-season total, but led the Patriots to their sixth consecutive A.F.C. championship game. Credit Charles Krupa/Associated Press FOXBOROUGH, Mass. — The New England Patriots have accomplished so much under Coach Bill Belichick and quarterback Tom Brady, but they found something new to achieve on Saturday night at Gillette Stadium. In outlasting the Houston Texans, 34-16, the […]
