By Rodrigo Campos | NEW YORK NEW YORK Investors puzzled over whether U.S. interest rates are rising due to a stronger economy or because of fears about inflation might want to look at the recent gains in REITs for some useful guidance. Real estate investment trusts typically perform poorly in an environment of rising interest rates, as they are used by some investors as a proxy for […]
DUBAI // A law aimed at preventing ownership, trading and breeding of dangerous, wild and exotic animals will be strengthened by education and additional welfare measures, a Government minister says. “The law aims to safeguard community members from the risks that may be caused by these animals, as well as to protect those animals from extinction,” said Dr Thani Al Zeyoudi, Minister of Climate Change and Environment. […]
Yet many Western analysts believed that he sought a less confrontational relationship with the United States than other powerful figures in the Iranian hierarchy, for whom hostility toward Washington was a touchstone of ideological purity. Continue reading the main story Mr. Rafsanjani, for instance, was credited with suggesting that “Death to America” be dropped from the litany of slogans at Tehran’s Friday prayers, a weekly moment of […]
One of the more cherished bits of jargon used in finance is an idea that cash may sit on the sidelines, as if piles of notes are substitute players ready to dive into the great game of markets. Investors are still sitting on large piles of cash, holding nearly 5 per cent of their portfolios in spare liquidity in December, according to data from BofA Merrill Lynch. […]
The iPhone 7 – 10 years after the release of the first iPhone, Apple is under pressure to come up with a new wonder The smartphone continues to change the world a decade after the debut of the iPhone, even as Apple is under pressure to come up with a new wonder. The iPhone—introduced by late Apple co-founder Steve Jobs on January 9, 2007—set the stage for […]
Astronomers have been surprised to see a huge shadow sweeping across a disk of dust and gas encircling the nearby, young star TW Hydrae. They have a bird’s-eye view of the disk, because it is tilted face-on to Earth, and the shadow sweeps around the disk like the hands moving around a clock. But, unlike the hands of a clock, the shadow takes 16 years to make […]
ABU DHABI // The Gulf has been left without the protection of a naval strike force after the United States Navy withdrew out its sole aircraft carrier last month. With the Dwight D Eisenhower returning to Norfolk, Virginia, at the end of December and its relief, the George H W Bush yet to leave port in the US, the gap of potentially two months is seen as […]
Banks and petrochemicals stocks could be relative strong performers in the GCC in 2017 thanks to benchmark interest rate rises and a recovery in the global crude oil price, although slowing economic growth may weigh on regional markets. Both sectors have suffered in the last couple of years due to the dramatic oil price decline. The knock-on effect of lower investment and economic growth hit banks, with […]
Here are the big questions for investors ahead of the coming trading week. What impact will Donald Trump’s press conference have on markets? “I will be having a general news conference on JANUARY ELEVENTH in N.Y.C. Thank you.” That was how the president-elect last week [3] tweeted news of what is surely the first big market-moving event of the year — if it takes place. Mr Trump […]
By Brad Brooks | SAO PAULO SAO PAULO A new prison uprising in Brazil early on Sunday left four dead, adding to the chaos in Brazil’s penitentiary system that has left almost 100 inmates killed in the past week in a gang war. The latest violence took place at the Desembargador Raimundo Vidal Pessoa jail in the center of the jungle city of Manaus, according to an […]
BERLIN A people smuggler left 19 migrants, including five children, at a motorway parking area in freezing temperatures in southern Germany and fled the scene, police said on Sunday. Police said the temperature was -20 degrees Celsius (-4 degrees Fahrenheit) on Saturday when they found the migrants, one of whom had approached two other people at the parking area to raise the alarm after their driver left […]
The Matrix PowerWatch is charged by body heat. The market for wearable devices grew steadily in the past year, but one category of wearables — fitness bands — overwhelmingly dominates the market. Within that segment, Fitbit is the clear leader. Yet exhibitors and hosts at CES 2017 sounded optimistic that there will soon be plenty of room in the marketplace for more than just Fitbit. More than […]
DUBAI// Three men attempted to steal Dh10 million from an armoured lorry after stabbing one of the security guards in the stomach. At 9pm on August 24 last year, the vehicle stopped near a bank in the Baniyas neighbourhood. Two of the Nigerian defendants waited until one of the guards was leaving the bank with the money then attacked him. “I headed to the bank while my […]
In October 1938, the one-hour adaptation of H G Wells’s The War of the Worlds, directed by Orson Welles, was broadcast on CBS Radio in the United States. A story of aliens invading rural New Jersey rendered as news broadcasts and authentic-sounding updates, it was a little too convincing. There are legends of panic in the streets, mass hysteria and heart attacks. That may have been the […]
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. Even when it comes to brutality, little is left to the media imagination these days. The latest example of the decline in consensus about the acceptable involves the Facebook video of a mentally disabled Chicago man who was attacked and […]
How’s your weekend going? Redditor, Law School Graduate, and nimble navigator William Craddick (/u/PleadingtheYiff / brand new Twitter handle @williamcraddick) has made quite the name for himself on Reddit’s “The_Donald” forum. In just three short months, Craddick has managed to rack up over 153,000 “post karma” and 48k “comment karma,” which (if you’re not familiar) is impressive. The guy is an incredibly effective dot-connector, perhaps owing it to his legal training – often posting lengthy reads that […]
Uncover some of the cool new features hidden in iOS 10. It’s been nearly 10 years since I camped out in the rain to purchase the original Apple iPhone. We’ve seen the iPhone go from a MP3 player feature phone to a full blown handheld computer that is finding its way throughout the enterprise market. At my engineering consulting firm, we have a BYOD policy with IT […]
Hyperloop One global field operations senior vice president Nick Earle (L) and co-founders Rob Lloyd (C) and Josh Giegel at the Consumer Electronics Show in Las Vegas US startup Hyperloop One disclosed a list of locations around the world vying to put near-supersonic rail transit system to the test. The startup company keen to revolutionize the way people and cargo travel said that 35 contenders remained from […]
The shooting rampage at the Fort Lauderdale-Hollywood International Airport – which left five people dead – has shaken America. In the midst of this nightmare unfolding for unsuspecting travelers, there was an unsung hero – the MacBook Pro. For the unfamiliar, on Friday, Jan. 6, 26-year-old Esteban Santiago pulled out a gun from his checked-in luggage and suddenly opened fire on innocent people who were collecting their […]
ABU DHABI // Traffic was smooth in the capital on Sunday morning as hundreds of thousands of pupils returned to school after a three-week holiday. Abu Dhabi Police monitored roads around schools to improve traffic flow and reduce congestion and there were no reports of major road accidents. “Traffic was manageable and everything was under control,” Col Jamal Al Ameri, head of public relations at Abu Dhabi […]
The reputation of the main hospital in Iten was so bad that the only people who went there were those who wanted to “die quickly”, says Alex Tolgos, the county governor. But four years since Kenya started what the World Bank calls “one of the most rapid and ambitious devolution processes” on the planet, the hospital in the western Kenyan town has been transformed. More than half the […]
PHILADELPHIA — A movement to pressure and isolate Israel was dealt a major setback on Saturday when the Modern Language Association, the United States’ largest scholarly group, took a step toward rejecting an academic boycott of Israeli institutions. After two hours of contentious debate and procedural jockeying at its annual meeting here, the group’s delegate assembly voted 113 to 79 against a resolution endorsing a boycott, which […]
By Kwasi Kpodo | ACCRA ACCRA West African leaders are still pursuing mediation to ensure a peaceful transfer of power in Gambia where President Yahya Jammeh refused to accept defeat in an election last month, Liberia’s President Ellen Johnson Sirleaf said on Saturday. Sirleaf told reporters after a meeting among regional leaders in Ghana’s capital Accra that regional bloc ECOWAS did not yet intend to deploy its […]
DAVAO CITY (MindaNews / 08 January) — Preemptive evacuations have been monitored in the Caraga region and in areas on the path of tropical depression “Auring” which is expected to make landfall over Surigao del Sur Sunday evening. “Auring” has been monitored at 75 kms east of Hinatuan, Surigao del Sur as of 10 a.m. Sunday, with 15 of Mindanao’s 27 provinces placed under storm signal number […]
