Deutsche Bank on Sunday unveiled an €8bn capital increase and its latest sweeping strategic overhaul, as chief executive John Cryan seeks to put Germany’s biggest bank “back on the front foot” after a year of turmoil. The moves, some of which reverse changes to the structure of businesses announced only 18 months ago, come after a year when Deutsche was caught up in two brutal market sell-offs. […]
Photo A medical marijuana farm near the northern Israeli city of Safed. Credit Dan Balilty/Associated Press JERUSALEM — Israel, which has been at the forefront of research into medical marijuana and the drug’s commercialization, took a major step on Sunday toward officially decriminalizing its recreational use. At a time when many American states and European countries are loosening marijuana laws, the Israeli cabinet approved a plan that […]
Via Daniel Mitchell of The Foundation for Economic Education, I focus most of my ire on the federal government because bad policy from Washington is the biggest threat to our nation’s freedom and prosperity. But we also get plenty of bad policy from other levels of government. I periodically focus on the foibles of states such as California, Illinois, and New York. Today, though, let’s contemplate the […]
CATANIA, Italy Almost 1,300 migrants arrived in Sicily on rescue ships over the weekend after crossing the Mediterranean, while a 16-year-old boy died on one of the ships, Italy’s Coast Guard said. Italy has seen migrants arriving by boat at a record-setting pace so far this year, with far more people braving the crossing from North Africa this year than in the previous three years, Italian figures […]
François Fillon put his future as French presidential candidate for the centre right in the hands of party leaders after mobilising tens of thousands of supporters at a rally in Paris. Mr Fillon said he was the victim of a “manhunt” but notably omitted to tell the crowd — mobilised as show of strength among grassroots Republicans — that he would fight on as Republican candidate despite […]
I have a confession to make: It’s been four months since Microsoft publicly unveiled the name of the next big Windows 10 feature update, and I still have no idea why it’s called the Creators Update. From Microsoft’s perspective, of course, the aspirational tagline makes perfect marketing sense and is much easier to sell than a version number or a release date. It also gives marketers the […]
When Paul Ryan, speaker of the U.S. House of Representatives, talks of social mobility, about helping struggling Americans move out of impoverished areas to give them greater opportunity, Shiva Daniels is the kind of person he has in mind. A federal housing voucher allowed Daniels to escape her crime-plagued neighborhood in Dallas, Texas, and move her four children to the suburb of Garland. That move helped Daniels […]
Apple has had a pretty good quarter so far, and they have plenty of reasons to be happy apart from their whopping $78.4 billion revenue. A large part of the massive revenue is thanks to strong demand for the iPhone 7 and its new features. What’s more, Apple saw not just upgraders from the older iPhones but also the highest number of switchers from Android to Apple […]
Entrepreneur Elon Musk has an estimated current net worth of $13.4 billion from interests in transport, payments and space technology Sending tourists for a trip around the moon is the latest big idea launched by Elon Musk, a Silicon Valley star known for turning his passions into visionary enterprises. Musk has become one of the United States’ best-known innovators. He was a founder of payments company PayPal, […]
It has been a little over a year since Ryan Reynolds graced the movie screens as the “Merc with a Mouth” antihero Deadpool and portrayed him correctly the way comic book fans know him. That means it has also been a year since the Reynolds’ solo project was validated after it became the highest grossing X-Men film in the global box office. Now, just in time for the release of his […]
Nearly 70 percent of employers in the UAE are planning to hire new staff in the next 12 months, according to the latest Middle East Job Index Survey. Compiled by Bayt.com and YouGov, the survey results showed that within the next three months, more than half of UAE employers (52 percent) said that they are “definitely” or “probably” going to hire. Among UAE companies that plan to […]
There is good news that the sickle cell anemia, which is a slow killer that induces immense pain, is curable with gene therapy. This was disclosed by doctors at the Necker Children’s Hospital in Paris, where a boy afflicted with sickle cell disease attained complete cure after genetic engineering therapy treatment on a trial basis. Globally, 275,000 infants are born carrying sickle cell disease and in the […]
Award-winning British artist and designer Zoe Bradley is not your average couturier. She rarely meets her clients for fittings of their gowns, her pieces are commonly only worn once, and some have been “thrown away” after use. This is because Bradley works exclusively in paper. Such is her pedigree that her clients for one-off commissions have included the likes of enigmatic Icelandic pop singer Björk and late […]
Poynter’s Ren LaForme has spent a lot of time with digital tools (the things you use to create new things, not the online know-it-alls). (OK, Maybe both.) As we look at the big ideas that explain what local journalism needs to evolve, we want to look at the small ideas, too. Tools seem like a good place to start. So, beginning this week, LaForme and I are […]
Ras Al Khaimah has continued to outperform the wider UAE and regional tourism markets, according to real estate consultancy firm CBRE. Its latest Ras Al Khaimah MarketView report noted that the emirate’s hospitality market soared last year by recording a 10.9 percent increase in full year visitor arrivals and a 9.8 percent growth in the average occupancy rate, taking the annual occupancy to 71 percent. According to […]
Via Nicholas Eberstadt of CommentaryMagazine.com, On the morning of November 9, 2016, America’s elite—its talking and deciding classes—woke up to a country they did not know. To most privileged and well-educated Americans, especially those living in its bicoastal bastions, the election of Donald Trump had been a thing almost impossible even to imagine. What sort of country would go and elect someone like Trump as president? Certainly not […]
Photo American armored forces patrol on Friday near Manbij in northern Syria. Credit Delil Souleiman/Agence France-Presse — Getty Images WASHINGTON — The United States has increased its forces near the northern Syrian town of Manbij as concerns have grown that fighting could erupt among the complex array of militias and Syrian and Turkish troops who are operating on the crowded battlefield near there. Photographs of American troops […]
Surabaya, E Java (ANTARA News) – The National Mandate Party (PAN) said it has yet to decide who to vote for among the two pairs of candidates to contest the Jakarta gubernatorial election. PAN General Chairman Zulkifli Hasan said his party was still grieving for the loss of the pair of Agus Harimurti Yudhoyono (AHY) – Sylviana Murni, the candidates for governor and vice governor in the […]
04 March 2017 Bahrain – Investcorp, a global provider and manager of alternative investment products, today announced the completion of its acquisition and integration of the debt management business of 3i (“3iDM”) from 3i Group plc. The business, now recognized as Investcorp Credit Management (“ICM”), adds $11 billion of assets under management, bringing the total to approximately $21.4 billion. Investcorp Credit Management is a leading global credit […]
The Samsung Galaxy J7 (2017), the successor of the 2016 model, is in the news again and this time it has been spotted receiving Wi-Fi certification. The impending smartphone was spotted at Wi-Fi Alliance (WFA) and its appearance has once again fueled rumors of a launch being in the pipeline. The Galaxy J7 (2017) was spotted on the WFA bearing the model number SM-JN30FM/DS, which suggests that […]
AMMAN, Jordan — Jordan on Saturday executed 10 prisoners with ties to Islamist extremism who had carried out five shootings and a bombing since 2003, a government spokesman said. Among those killed in the attacks were a British tourist, an outspoken Jordanian critic of Islamist extremism and members of the Jordanian security forces. The executions on Saturday were the first since Jordan began a crackdown on Islamist […]
The calendar may have only just flipped into March, but it has already felt like a long year for dollar bulls. They have been frustrated with the wait for detail from Donald Trump on the proposed tax and fiscal policies that started their run at his election in November. It is a rally that has faded in 2017, with the US currency down 0.25 per cent this […]
Families of passengers on board missing Malaysia Airlines flight MH370 yesterday launched a campaign to privately fund a search for the aircraft.Flight MH370, carrying 239 people, went missing on its way from Kuala Lumpur to Beijing, nearly three years ago, on March 8, 2014.Australia, Malaysia, and China jointly called off a two-year underwater search for the aircraft in January.Grace Nathan, a Malaysian lawyer whose mother, Anne Daisy, […]
Giant pandas have the scientific community’s attention not only because of the animal’s cuteness but because it has been on the endangered species list for the past decade. Only having been removed in September 2016 — when its population finally increased by 17 percent between 2004 and 2014 — pandas are still considered vulnerable. China, however, disagrees with the removal. Despite the roller-coaster ride concerning its endangered species status, […]
