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12 February 2017 Dubai, United Arab Emirates – Marsh & McLennan Companies Inc. (NYSE: MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, is a strategic partner of the newly published 2017 Global Risks Report, an annual publication released by the World Economic Forum at Davos. This year’s 2017 Global Risks Report reveals that economic inequality, societal polarisation and intensifying […]

Opec countries drastically curbed their output in the first month of their new production agreement, in the clearest sign to date that the world’s biggest oil producers are committed to living up to the November pact to cut global supplies. The limits adopted by the oil cartel in January have been “one of the deepest in the history of Opec output cut initiatives”, the International Energy Agency […]

Ford’s autonomous vehicle platform runs this Fusion Hybrid. Image via Ford. Ford has just announced a $1 billion investment in artificial intelligence startup Argo AI to bolster the automaker’s self-driving car technology. The acquisition-sized investment will make Ford the majority shareholder of Argo AI, though Ford plans to spread out the funds over a five-year period. Argo AI was founded (somewhat recently) by Brian Salesky, the former […]

The European government bond market had what is known in technical circles as a minor freak-out this week. Yet as yields in eurozone bonds diverged sharply, the markets for stocks, corporate debt and currencies carried on regardless. The Cac 40 index of large French-listed companies was barely changed on the week. The euro weakened per cent against the US dollar, but at the same time the dollar […]

Mr. Kushner, on something of a crash course in diplomacy, has been speaking with Arab leaders in recent weeks. But he is a mystery to most Middle Eastern officials. He has no experience in government or international affairs. His up-close exposure to the Arab world amounts to little more than trips to a handful of Persian Gulf countries and a star-studded jaunt to Jordan. Continue reading the […]

Investors remained cautious on the so-called Trump trade over the past week, as political wrangling in Washington drove more money into bond funds and bond proxies. Junk bond funds collected $1bn in new money in the week to February 8, while investment grade corporate bond funds gained $2.1bn, the fourth straight week of inflows for highly rated company debt, according to data from EPFR. Utilities-focused equity funds, […]

MANILA The Philippine police have sacked nearly 100 policemen since the start of the year because they were found to be drug users, a top official said on Saturday, in a clean-up of the ranks after President Rodrigo Duterte halted police anti-drug operations. More than 7,700 people have been killed since Duterte unleashed his bloody war on drugs seven months ago, about 2,500 in police operations, while […]

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The numbers attached to Jean-Michel Jarre’s decades-long electronic music career are almost too large to comprehend. The Frenchman – whose works include the wildly successful albums Oxygene (1976) and Equinoxe (1978) – has sold more than 80 million records since the release of his first solo album, ­Deserted Palaces, in 1972. His live performances are the stuff of legend – and world records. He was responsible for […]

Angels: OPEN Maybe they’re kidding themselves, but the Angels haven’t acted like a team in retreat. With Albert Pujols still slugging and Mike Trout still sublime, they have quietly improved the lineup with Danny Espinosa, Cameron Maybin and Luis Valbuena, players whose defense should prop up a shaky pitching staff. It’s a long shot, but with Trout in his prime and few top prospects coming, the Angels […]

Is there really such a thing as a market bubble? I feel almost heretical answering this question. I and most readers have lived through two decades that were dominated by two vast investment bubbles and the attempt to deal with their consequences when they burst. Getting into definitions is beside the point. As US Supreme Court Justice Potter Stewart once said to define pornography: “I know it […]

President Trump has had a long and stormy relationship with BuzzFeed. Three years ago, when Trump was considering a run for president, BuzzFeed ran a lengthy and dismissive profile that said he would “not be king.” As his bid for president gained momentum, he tried (unsuccessfully) to freeze BuzzFeed out, putting the company on his media blacklist and calling it all kinds of names. Then, after BuzzFeed […]

In a centrally planned economy decisions on what to produce, how to produce and for whom are taken primarily by the government. The term is usually associated with communist economies. However, since US President Franklin D. Roosevelt implemented a robust range of government policies in the 1930s to counter the effects of the Great Depression, using principles that would be popularized by UK economist John Maynard Keynes, […]

Play Gears of War 4 this Valentine’s Day and get lots of love coming your way. Lots of action, too. Fans of this chaotic fun shooter game for Xbox One are getting updates this February. Gears of War 4 are all set for two new maps, a Valentine’s Day event (for one week), awesome Gear Packs, and tweaks and fixes for the game. The action-packed updates will begin on February […]

Rolls-Royce is set to report the biggest headline loss in its history next week, as it absorbs the impact of its £671m settlement with regulators for past bribery and corruption as well as a weaker pound. The UK aero-engine company, which is seeking to recover from a turbulent few years marked by five profit warnings, will reveal a pre-tax deficit of £4bn for 2016, when it reports […]

“Now we have all the prospects of a fresh start,” Ilnur Cevik, a senior adviser to Mr. Erdogan, said during an interview at the presidential palace in Ankara, the Turkish capital. “We have an opening with Mr. Trump.” Continue reading the main story Turkish-American relations frayed over differing views on the war in Syria and the widespread belief in Turkey that the United States played a role […]

Friday 21:00 GMT Overview US stocks and industrial commodities were riding high and the dollar forged ahead at the end of a week in which an outbreak of worries over forthcoming European elections was replaced by renewed bullishness about the policies of Donald Trump, US president. The more confident mood was also driven by optimism about corporate earnings and evidence of strong trade growth in China. Hot […]

Credit: CC0 Public Domain When you browse online for a new pair of shoes, pick a movie to stream on Netflix or apply for a car loan, an algorithm likely has its word to say on the outcome. The complex mathematical formulas are playing a growing role in all walks of life: from detecting skin cancers to suggesting new Facebook friends, deciding who gets a job, how […]

February 11, 2017 by: John Reed — Jerusalem The US administration of Donald Trump has blocked the appointment of Salam Fayyad, the former Palestinian prime minister, to a senior United Nations post in a decision Palestinian officials said was based solely on his nationality.  Nikki Haley, the US ambassador to the UN, announced the decision on Friday, saying that Washington was disappointed by a letter written by […]

UNITED NATIONS — The United States on Friday blocked the appointment of a former Palestinian official for a senior United Nations post in a move intended to signal its support for Israel and its defense of the position that there is no Palestinian state. The former Palestinian prime minister, Salam Fayyad, had been put forth as the next United Nations special representative to Libya. The American ambassador, […]

The four main US stock barometers all logged record closing highs on Friday, marking the first grand slam in two months as small capitalisation stocks have caught up to their larger brethren. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite were already trading at all-time peaks before Friday, propelled higher by the relatively strong performance of large capitalisation stocks, leaving the Russell 2000 index lagging […]

Vincent Viola, the billionaire high-frequency trader, has withdrawn his candidacy to join Donald Trump’s administration on Friday, becoming the first high-level casualty of what has been a chaotic start to the new presidency.  The end of Mr Viola’s bid to become Mr Trump’s secretary of the Army came as he faced questions about whether he could extricate himself from his business dealings sufficiently to meet government ethics […]

Mr. Mattis defended the decision to put a spotlight on Iran’s behavior, saying that it was important to make Iran recognize that “it is getting the attention of a lot of people.” Continue reading the main story But Mr. Mattis said that the United States did not need to deploy additional military resources to signal its concern. “Right now, I do not think that is necessary,” he […]

Every time I take a spin through my Facebook or Twitter feeds, I’m reminded that there’s only one big story right now: Trump, Trump, Trump. For news organizations that wrestle with what coverage their community is most likely to consume, this is one of those rare moments when the mystery is solved. Give ‘em Trump. Love him or loathe him, they can’t get enough. But if the […]

“The danger is that this is the first stage in an escalation that could culminate in a military confrontation between Iran and the United States, or Iran and Israel,” said Karim Sadjadpour of the Carnegie Endowment for International Peace. “The entire eight years of the Obama administration was an example of unprecedented but largely unreciprocated overtures for cooperation with Iran in the Middle East. The Iranians weren’t […]

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