Submitted by Daniel Mitchell via The Foundation for Economic Education, Early last month, in a column on my hopes and fears for 2017, I fretted about fiscal chaos in Italy leading to default and bailouts. Simply stated, I fear that Italy, along with certain other “Club Med” nations, has passed the point of no return in terms of big government, demographic decline, and societal dependency. And this […]
Should we try to time the market? And has the boom in passive investments brought any problems in its wake? The problems are linked and urgent. The move from traditional actively managed funds to passive indexed funds, which aim merely to track and index and reduce costs, continues to intensify. Meanwhile, if ever there was a point when it might seem right to time the market, and […]
So much for sticking “nuclear weapons” in carriers’ dumb pipes. Shine, last year’s enfant terrible of mobile ad blocking is pivoting (again!) — in both tone of voice and business model. It’s also rebranding to, er, Rainbow. So, to keep tabs, since 2011 this Disrupt startup battlefield alum has moved from trying to sell mobile antivirus (Shine Security), to threatening network-level mobile ad blocking (Shine Technologies), to — its latest pivot — […]
Friday 05.00 GMT Overview Asian stocks looked set to end a solid week on a down note, taking their cue from a subdued session on Wall Street as investors looked past some optimistic comments on US tax cuts and failed to catch a boost from higher oil prices. Hot topic Steve Mnuchin, the US Treasury Secretary, said the White House wanted to pass “very significant” tax reform […]
That leaves many governments invested in vague hopes that such a settlement, however rickety or superficial, will somehow stop the metastasis of the Syrian crisis and ease fears of Islamic State terrorism — often conflated with concerns about ordinary Syrian refugees — that have fueled the rise of right-wing politicians. Photo Syrian refugees live in makeshift tent settlements in Lebanon’s Bekaa Valley. Credit Diego Ibarra Sanchez for […]
US and European authorities eased enforcement of new derivatives rules on Thursday less than a week before the standards come into effect, allowing small financial institutions more time to prepare for the wide-ranging reforms. In a series of statements hours apart, supervisory watchdogs bowed to growing concerns of a potential dislocation in the swaps market and hundreds of unprepared pension funds, asset managers and credit institutions likely […]
British boxer Amir Khan and Filipino legend Manny Pacquiao are on course to fight in the UAE. Khan said on Twitter that his team is in talks with Pacquiao to be the WBO world welterweight champion’s next title challenger. Pacquaio, a six-weight world champion said on the social media platform that his next fight will be in the UAE, adding: “My team and I are in negotiations […]
There was so much weaponry inside that visitors got searched not just on the way in, but also on the way out. Continue reading the main story The exhibition served to promote Abu Dhabi, the capital of the United Arab Emirates, which has distinguished itself as a regional hub for international business at a time when wars and uprisings have upended other Arab states. It also provided […]
Selling pressure on French bonds ebbed on Thursday, pushing the yield on the 10-year bond back below 1 per cent, as the prospect of a centrist alliance in the country’s presidential election eased anxiety that far-right candidate Marine Le Pen will win. The decision on Wednesday by independent candidate François Bayrou not to stand in the country’s elections, and instead throw his support behind fellow centrist Emmanuel […]
Viewers who love to binge series like Daredevil, Jessica Jones and Luke Cage are about to get introduced a yet another superhero on Netflix. Netflix announced its lineup of new titles coming to the platform in March, with plans to release even more new original content along with viewers favorite titles. This includes the anticipated series based in the Marvel Universe, Iron Fist based on the comic […]
It might already be two months into the new year, but in terms of hotel milestones, it’s just about to start. Just as the UAE’s residential sector is producing a much-needed surplus of property, consumers are set to benefit as this year’s hotel industry pipeline turns out a wave of audacious new developments. From a new Viceroy, Langham and Bulgari in Dubai to an Aloft in Al […]
Photo Iraqi forces attacked the Mosul airport in an offensive to take the western side of the city from the Islamic State on Thursday. Credit Ahmad Al-Rubaye/Agence France-Presse — Getty Images BAGHDAD — Iraqi forces have seized most of Mosul’s airport, an important milestone in the broader offensive to retake from the Islamic State the western half of the city, allied and Iraqi officials said on Thursday. […]
“What’s up with the dollar?” has been the recurring question for investors lately as the reserve currency has slipped from a 14-year high set at the start of January. The answer may lie in the link between the dollar and real yields, a proxy for how investors in the bond market view prospects for stronger economic growth and the normalisation of interest rates. Whereas nominal yields give […]
A HoloLens display visualization Microsoft “You take the high road and I’ll take the low road and I’ll be in Scotland before you,” assert modernized lyrics of The Bonny Banks of Loch Lomond. The 176 year-old song is a metaphor for the state of virtual reality. Scotland represents a promised land of market leadership, Oculus and HTC, with their pricey high-end products, are taking the high road, […]
The fundraising gulf over the DGA can be attributed in part to RGA support from a number of high-profile billionaires and millionaires, including hedge fund bosses Paul Singer and Kenneth Griffin, and shipping supply company owner Richard Uihlein. The largest donor to the RGA in 2016, casino magnate Sheldon Adelson and his wife, Miriam, donated more than the top six donors to the DGA combined. Many longtime […]
By John Geddie and Elisabeth O’Leary | LONDON/EDINBURGH LONDON/EDINBURGH The Scottish government is increasingly convinced it can win a new independence referendum and is thinking seriously about calling one next year as Britain exits the European Union, sources close to the Scottish government said. Scotland voted overwhelmingly to stay inside the EU in last June’s referendum, but Britain as a whole voted to leave and British Prime […]
By Yashaswini Swamynathan U.S. stock index futures were little changed on Thursday as investors digested the minutes of the Federal Reserve’s most recent meeting, which pointed to an interest rate hike “fairly soon”. Still, policymakers did not appear to show a sense of urgency in raising rates as inflation remained below the long-term target of 2 percent, effectively taking a rate hike in March off the table. […]
For the first time in nearly half a century, the prized Apollo 11 command module Columbia will leave the National Air and Space Museum and go on a four-city tour. For the next two years, it will be the star of the exhibition called “Destination Moon: The Apollo 11 Mission.” As the only piece of the spaceship that completed the first mission to bring humankind to the […]
A recent meme under the hashtag #OscarsWeNeed, dubbed “Outstanding Background Extra”, perfectly encapsulates what The National’s Alternative Academy Awards (aka The Other Oscars) is all about. There he was, an extra standing behind Spectre star Daniel Craig, sweeping as if his life depended on it – even as his broom never came close to the ground. As Hollywood prepares to honour the best of American and foreign […]
Frank Sorrentino used to do a lot of mortgages. But since the passage of the Dodd-Frank Act seven years ago, he has mostly shied away. Rules have been tightened so far as to make home loans uneconomic, says the chairman and chief executive of ConnectOne, a bank with $3.7bn in assets based in Englewood Cliffs, New Jersey. “Community banks used to be able to cut through the […]
By Humeyra Pamuk and John Davison | ISTANBUL/BEIRUT ISTANBUL/BEIRUT Turkey-backed rebels have seized the centre of the town of al-Bab from Islamic State, Turkish state media and rebels officials said on Thursday, marking a likely breakthrough in Ankara’s drive to wipe out the militant group in northern Syria. Turkey launched its Syrian operation, dubbed “Operation Euphrates Shield”, in August in an effort to push Islamic State from […]
For footloose international money, the safest place to hide in the European financial system may be two-year German debt. The government of Europe’s largest economy not meeting such obligations in euros is as close to inconceivable as things get. The debt is also easy and cheap to trade, which means it can be a market signal of investor angst. The price of such safety set a record […]
By Mehreen Zahra-Malik | LAHORE, Pakistan LAHORE, Pakistan Pakistani real estate giant Rafi Group made a ten-fold profit last year from its sale of hundreds of acres of land in the remote fishing town of Gwadar, acquired soon after the government announced plans for a deep-sea port there. The windfall came after 12 years of waiting patiently for the Gwadar port to emerge as the centrepiece of […]
For the Arab world’s largest country, February 11, 2011, was the moment the 21st-century began. Hosni Mubarak, after decades in power, was finally pushed to step down after millions of people took the streets. Many things were born in Tahrir Square that day. Hope for the future. A new politics led by youth. A revolutionary current, as H A Hellyer puts in his new book A Revolution Undone. […]
