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Barclays was under pressure on Friday after Goldman Sachs said the bank needed to prioritise rebuilding capital over shareholder returns. Regulatory hurdles have moved against cross-border banks such as Barclays, which will be hit disproportionately by regional ringfencing laws, said Goldman. Capital ringfences add to uncertainty around Barclays’ litigation costs, its pension deficit and the likely proceeds from the sale of its African bank, said the broker. […]

Authored by Mike Krieger via Liberty Blitzkrieg blog, Poverty demoralizes. A man in debt is so far a slave; and Wall-street thinks it easy for a millionaire to be a man of his word, a man of honor, but, that, in failing circumstances, no man can be relied on to keep his integrity. – Ralph Waldo Emerson, Wealth Liberty Blitzkrieg readers know that I’ve been extremely critical of […]

Gawd bless yer Mary Poppins. And gawd bless producer Sir Cameron Mackintosh for having the foresight more than 40 years ago to see that the 1964 film would make the perfect stage musical. Well, in the words of the super nanny herself: ‘practically perfect’. Thanks to that foresight, the theatre-lovers of the UAE have the opportunity until May 25 to enjoy this brilliant show being performed at […]

Theresa May appeared on course for an overwhelming general election victory after the Conservatives made sweeping gains in local elections, with Labour forced into retreat and the UK Independence party suffering an almost complete wipeout. The prime minister’s decision to fight a “Brexit election” and to adopt populist tactics in picking a fight this week with Brussels appeared to reap immediate dividends in the local polls, which […]

Significantly, the agreement to establish the de-escalation zones has not been accepted by all opposition groups, and it left loopholes for Syria to continue undiminished attacks on the rebels, factors that combined to hinder the last attempt by Iran, Russia and Turkey to forge a cease-fire. Continue reading the main story Nevertheless, one of the representatives of the Syrian opposition groups at talks in Astana, Kazakhstan, Col. […]

It’s been two years since rumors about an “Apple car” first emerged. Not surprisingly, the notoriously secretive company hasn’t divulged any details about its plans. But if a car is on the horizon, Cupertino can’t stay quiet for too long. You can hide a smartphone in a lab, but it’s difficult to not have a public presence when developing a vehicle, which requires road testing, typically in […]

Alex Kipman, main inventor of Microsoft’s HoloLens headset, reckons the smartphone’s time as the principal focus for innovation has passed. Gabriel Sama/CNET Apple’s iOS revenues are likely to reach $1 trillion this year, but the phone that’s driving Apple’s mobile business is a walking zombie, according to one Microsoft exec. The reign of the smartphone, championed by the 10-year-old iPhone, as the epicenter of innovation is over, […]

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The pace of US job growth bounced back last month from a weak performance in March, underscoring the Federal Reserve’s view that the economy’s choppy first-quarter performance was probably a blip. The US economy added 211,000 jobs in April, compared with Wall Street expectations of 190,000. Payrolls for March was revised down to just a gain of 79,000 jobs, compared to an earlier estimate of 98,000. Meanwhile, […]

Authored by Mike Shedlock via MishTalk.com, Italy is increasingly dependent on the ECB to hold down bond yields as foreign investors dump Italian bonds like mad. Eurointelligence bills this as “Further Evidence of Capital Flight in Italy“.  In a column earlier this week, Federico Fubini notes that, according to the Bank of International Settlements, in 2016 international banks reduced their exposure to Italy by 15%, or over $100bn, […]

Dubai-based DP World and the National Investment and Infrastructure Fund (NIIF) have signed an agreement to develop the logistics sector in India. The agreement comes as a result of the visit to India in February 2016 of Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Sultan Ahmed bin Sulayem, DP World Group chairman and CEO, a statement said.  DP World announced at the […]

WOLFSBURG, Germany Volkswagen (VOWG_p.DE) is targeting fixed productivity gains at its troubled core division through 2020 by pushing cost savings, stemming overseas losses and launching more higher-margin cars as the carmaker battles to overcome its emissions scandal. Positive development at Volkswagen’s namesake VW brand may continue throughout 2017, the carmaker said on Friday, building on a strong rebound in the first quarter when cost cuts helped operating […]

Just a few days after OnePlus CEO Pete Lau posted the first teaser for the upcoming OnePlus 5, some of the most important specifications of the device have been allegedly leaked on Chinese social network Weibo. According to Lau, OnePlus fans should expect a “big surprise” soon from the company. From the leaked specifications, the OnePlus 5 will definitely be considered as a smartphone to look forward […]

A first for Hilton in Jordan Visitors to Jordan can now stay at Hilton Hotels & Resorts’ first hotel in the country, the new Hilton Dead Sea Resort & Spa. The 285-room property is on the north-east shore of the Dead Sea, next to the King Hussein bin Talal Convention Centre, also managed by Hilton since 2010. The hotel’s spa is due to open in September. Rooms […]

By James Pearson and Ju-min Park | SEOUL SEOUL In February 2016, Yoo Chang-geun and around 120 other South Korean businessmen frantically pulled their staff out of the Kaesong Industrial Zone, jointly run with North Korea. Seoul had ordered it closed after Pyongyang defied international warnings and tested a long-range rocket. Now, with South Koreans in next week’s presidential election almost certain to elect liberal Moon Jae-in, […]

(Image: file photo) The UK government is planning to push greater surveillance powers that would force internet providers to monitor communications in near-realtime and install backdoor equipment to break encryption, according to a leaked document. A draft of the proposed new surveillance powers, leaked on Thursday, is part of a “targeted consultation” into the Investigatory Powers Act, brought into law last year, which critics called the “most […]

Saudi Arabia is seeking foreign investment in its healthcare industry as it plans to turn hundreds of government-owned hospitals and thousands of primary care centres into better-run corporations, Health Minister Tawfig Al-Rabiah said. Nearly 80 percent of health care in Saudi Arabia is provided by the government, Al-Rabiah said in an interview in Boston. But the kingdom “is trying to move the private sector to invest more,” […]

PARIS Greenpeace climbers unfurled a banner emblazoned with the French republican slogan “Liberty, Equality Fraternity” and the word “Resist” on the Eiffel Tower in Paris on Friday, a message urging people to vote against far-right candidate Marine Le Pen in Sunday’s presidential election. “We wanted to say we are against the rise of nationalism and authoritarianism in France and in other countries. This is our way of […]

When NPR’s David Folkenflik was growing up in the Southern California town of Laguna Beach, he would occasionally visit an enormous newsstand where readers could find almost anything they wanted to read. The Economist was next to Time. The surfer magazines were next to the tattoo magazines. The fake or dubious news — the National Enquirers of the world — were also in their own slots, somewhere in the […]

Amaysim has said it is committed to introducing National Broadband Network (NBN) services with faster speeds than its current maximum 100/40Mbps tier once it is “economically viable”. “We will definitely be coming out with higher-speed plans as they become commercially viable in the market … 1Gbps is an option that’s on the table and being looked at but not guaranteed at this stage,” Rob Appel, Amaysim’s commercial […]

SHANGHAI China’s home-grown C919 passenger jet is set to take to the skies on its long-delayed maiden flight on Friday, a major step for Beijing as it looks to boost its profile in the global aviation market. The narrow-body aircraft, which will compete with Boeing’s (BA.N) 737 and the Airbus (AIR.PA) A320, is a key symbol of China’s ambitions to muscle into a global jet market estimated […]

Abu Dhabi, UAE – 04 May, 2017  ITWORX Education, the front-running education services provider, has won the BETT Middle East Game Changer Award for its Children in Distress program, powered by its social learning solution: WinjiGo. The award is a tribute to the innovation ITWORX Education brings to the Ed-Tech landscape and the impact it continues to make in delivering sustainable, quality education to children around the […]

We are currently in the thick of the iPhone rumor season, with various reports claiming different specifications for the premium iPhone 8. However, most reports agree that the iPhone 8 will be announced alongside the iPhone 7s and iPhone 7s Plus in September. An analyst seems to think otherwise, claiming that Apple will surprise us all by announcing the iPhone 8 a few months earlier than expected. […]

DUBAI// One of the country’s major education providers defended the high cost of school fees as necessary if schools are to attract the best teachers. Clive Pierrepont, director of communications for education provider Taaleem, said schools had to strike a balance between paying for the highest quality teaching staff available and keeping fees affordable for parents. “It is an absolute truth that the quality of a school […]

White House officials said foreign leaders would be more willing to help the United States if disagreements over human rights and other issues were aired in private. They cited the recent release of an Egyptian-American aid worker detained in Egypt, which was negotiated in quiet talks with President Abdel Fattah el-Sisi. Continue reading the main story “Obama’s approach was to build support with the Arab public through […]

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