TOKYO A pause in both the sell-off in global bonds and sharp rise in the dollar following Donald Trump’s election victory, together with Wall Street’s record high overnight helped Asian shares steady on Wednesday from a four-month low struck a day earlier. President-elect Trump’s plans to cut taxes and boost infrastructure spending would boost demand while his proposals to deport illegal immigrants and impose tariffs on cheap […]
Clouds, weather conditions and intense urban lighting may have prevented some people to see and appreciate the supermoon this week but there were lucky ones who were able to gaze and capture amazing photos of the moon. One man may have been luckier though as he was able to capture what some think is a video of UFOs passing by the lunar orb. The supermoon watcher managed to […]
Skygazers around the world witnessed the biggest and brightest full moon in nearly 70 years on Sunday and Monday nights. The phenomenon, in which a full moon appears at its closest point in its orbit around the Earth, known as perigee, is colloquially called a “supermoon.” Despite its name, a supermoon is only marginally more impressive than an average full moon. Still, it attracted spectators to places […]
A global trade union for construction workers that has criticized labour conditions in Qatar will inspect soccer stadiums being built for the 2022 World Cup. The Geneva-based Building and Wood Workers’ International (BWI), whose general secretary in 2015 said Qatar’s migrant workers faced conditions akin to “modern-day slavery”, will inspect safety on World Cup sites and labour accommodations starting next year, according to a statement by Qatar’s […]
Exxon Mobil Corp (XOM.N) is negotiating with Chad over a record $74 billion fine the U.S. oil company was told to pay by a court in the central African nation over unpaid royalties, Bloomberg reported on Tuesday. Exxon has appealed the Oct. 5 court ruling, but the appeals court hearing has been delayed because of the talks, Bloomberg reported, citing a lawyer for Exxon. (bloom.bg/2fRpf5n) The court […]
A dataminer has burrowed deep into Modern Warfare Remastered’s code and uncovered hidden weapons that hint at the possible implementation of microtransactions. Via Reddit, a dataminer named Tails unearthed a heap of unused content when combing through Modern Warfare’s data files on PC. A lot of the guns found are from other Call of Duty games with the exception of one: The Kamchatka auto shotgun, which looks […]
BERLIN — A German organization that calls itself the True Religion and that is known for distributing German-language copies of the Quran was outlawed on Tuesday, after the authorities accused it of recruiting jihadists to fight in Iraq and Syria. Thomas de Maizière, the German interior minister, said the government had banned the True Religion organization, which is also known as Read (as in the instruction to […]
“Phase one is the hope phase,” Stephen Cucchiaro, chief investment officer at 3 Edge Asset Management, says of the reaction in financial markets to president-elect Donald Trump. “As it is a while until he’s president, you can hope for fiscal stimulus getting growth going and reawakening animal spirits.” Evidence of exuberance is not hard to find. S&P 500 financials and heathcare stocks are flying; US 10-year Treasury […]
SHARJAH // Residents are unhappy with a decision to end free afternoon parking in the city. Sharjah City Council members last week agreed to end free parking between 1pm and 5pm in an attempt to curb abuse from motorists taking advantage of it, especially near marketplaces. For Naser Hamdan, the free parking gave him a chance to rest at home after work before he is forced to […]
During an interview in his office here, Mr. Omgy acknowledged that his company had provided financial services to Al Qaeda. “We had no other option but to comply with them,” he said. “They were the rulers of the city.” Continue reading the main story But he denied the Treasury Department’s charge that he was a Qaeda member, describing his ties to the group as a business relationship […]
Average annual staff turnover in the Middle East hospitality sector is running at 16 percent, with most hotels’ salary grading systems in need of a review, according to leading HR practitioners. The second annual Hotelier Middle East Human Capital Report found that 94 percent of local hospitality organisations followed a strict salary structure, defined by grade and spanning departments, and 61 percent operated a minimum wage system. […]
DUBAI // A gang loading stolen cables from a du signal station fled leaving even their vehicle when they were spotted by a security guard, Dubai Criminal Court heard on Tuesday. Prosecutors said that on April 18 last year the 22-year-old Pakistani defendant and a number of unidentified men stopped their van near the du station in Jebel Ali at about 4pm and broke the lock to […]
By Corina Pons and Eyanir Chinea | CARACAS CARACAS Multinational companies are selling their Venezuelan operations at hefty discounts – or even giving them away – as they to seek to escape the OPEC nation’s soaring inflation and chronic supply shortages. Six firms, including General Mills and oil producer Harvest Natural Resources, have sold operations for as little as half their assessed value on the companies’ books, […]
A sell-off reverberating through sovereign bond markets tested investor appetite on Monday for a multibillion-dollar corporate bond sale, as money managers wait for volatile price swings to subside. Pfizer successfully completed a $6bn bond sale on Monday but several investors familiar with the sale said interest was subdued by the recent volatility in fixed-income markets, which has seen the yield on both the 10 and 30-year Treasuries […]
SINGAPORE Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts. U.S. crude futures for December delivery CLc1 had climbed 90 cents, or 2.1 percent, to $44.22 a barrel by 0340 GMT. They struck their lowest in nearly two months […]
Samsung has announced it has entered into a definitive agreement to acquire Harman, the designer and maker of connection products for automakers, in a bid to expand and accelerate its growth in connected technologies. On Monday, Nov. 14 the Korean company confirmed that it will buy Harman for $112 per share, which brings the cost of acquisition to about $8 billion. Harman has a strong presence in […]
BRUSSELS: The European Union extended its sanctions on Syria on Monday, banning the country’s central bank chief and its finance minister from traveling in Europe and freezing their assets in a further step to isolate President Bashar Assad.The decision to target Central Bank Gov. Duraid Durgham and Finance Minister Maamoun Hamdan, along with 16 other government ministers, made good on the EU’s threat last month to increase […]
Apple Inc (AAPL.O) is considering expanding into wearable glass headsets and has talked about the project with potential suppliers, Bloomberg reported citing people familiar with the matter. The wearable headset would show images, along with other information and may use augmented reality, according to the report. Chief Executive Tim Cook, who has been struggling with a slowdown in iPhone sales in recent quarters, said earlier this year […]
Microsoft officially revealed its Black Friday 2016 deals, cutting deep into the price of various Surface devices, Xbox consoles and Windows 10 PCs. With Black Friday just around the corner, deals are starting to pile up and exciting offers can be found at nearly all reputable retailers and online shops, including the Microsoft Store. For this year’s Black Friday, Microsoft has prepared an assortment of discounted devices […]
Apple Inc (AAPL.O) is considering expanding into wearable glass headsets and has talked about the project with potential suppliers, Bloomberg reported citing people familiar with the matter. The wearable headset would show images, along with other information and may use augmented reality, according to the report. Chief Executive Tim Cook, who has been struggling with a slowdown in iPhone sales in recent quarters, said earlier this year […]
By Ann Saphir | WICHITA FALLS, Tex. WICHITA FALLS, Tex. Markets are betting heavily that the man Americans last week elected as their next president will enact fiscal and other policies that will boost U.S. growth and inflation, but at least one U.S. central banker is pushing back. Since Republican Donald Trump was elected U.S. president last week, the 10-year Treasury yield has climbed to its highest […]
Ever wanted to have some aspect of your deceased loved ones with you wherever you go? Swiss company Algordanza can make that happen. Algordanza is a Swiss company that specializes in turning deceased loved ones into diamonds, a service that begins at $5,000 and can go as high as $20,000. ( Algordanza ) When we die, our lifeless body is buried in the ground, mummified or turned […]
After months of sending government troops to battle militants blowing up oil pipelines in the Niger Delta, Muhammadu Buhari tried a different tack. The Nigerian president invited the region’s community leaders and traditional rulers to his villa this month for talks — a step energy sector executives hoped could halt a wave of sabotage since January that has cost the country billions of dollars in damages and […]
Supermoons occur when a full moon or new moon coincides with the Moon’s closest approach to the Earth on its orbit. Monday’s supermoon, technically know as a perigee-syzygy of the Earth-Moon-Sun system, was the biggest and the brightest since 1948, with the Moon appearing 14 per cent bigger and 30 per cent brighter, astronomers said. At a distance of 356,509 kilometres from Earth, the Moon was also […]
