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TOKYO Asian shares slipped to four-week lows on Monday as the prospect of higher U.S. interest rates and a strong dollar stemming from the incoming Trump Administration’s purported policies of cutting taxes and spending heavily threatened to suck capital out of emerging markets. European shares are seen having better luck, following recent gains in shares of banks, resource companies and some automakers. Spread-betters see a rise of […]

By Jack Kim | SEOUL SEOUL A friend of South Korean President Park Geun-hye at the centre of a corruption scandal that led to Park’s impeachment in parliament denied charges of fraud and abuse of power on Monday on the first day of her trial. The friend, Choi Soon-sil, 60, is charged with pressuring big businesses to pay money to foundations that backed Park’s policy initiatives. Prosecutors […]

Soaring price growth in China’s top cities has slowed almost to a standstill, as government measures to cool the overheated property market take hold. Price growth of newly built homes in China’s “first tier” cities of Beijing, Shenzhen, Shanghai and Guangzhou slowed to 0.1 per cent in November compared with the previous month, the National Statistics Bureau said on Monday — well below month-on-month growth of 3-4 […]

The deal would send United Nations monitors to observe the evacuation process after consultations with “interested parties,” which means that observers could in theory be turned down by soldiers and militias on the ground. Senior United Nations officials have repeatedly said that they have sought Syrian government permission to be present during the evacuation process, and that they have not received it. Continue reading the main story […]

19 December 2016 Dubai: Rixos The Palm Dubai has experienced a 12 percent increase in occupancy rates in 2016 as compared to the previous year reaching the target of 90 percent. Rixos The Palm Dubai is one of the most sought after luxury hotels in the UAE by UAE citizens and residents, GCC nationals and residents and many other travelers from around the world. The influx of […]

LG Electronics has launched the price competitive G Pad III 10.1 in South Korea, which comes with 4G LTE connectivity and a full HD screen. It is a larger screen version of G Pad III 8.0 that was launched in May this year, and is optimized for reading and taking online classes, the company said. The South Korean tech giant will also launch a G Pad III […]

With Tesla’s success and financial muscle, its CEO Elon Musk is free to explore new ventures such as his SpaceX and the solar roof project he has just unveiled. His latest interest seems to have zoomed in on tunnels. Musk vs. Traffic This came after an exasperated Musk posted at Twitter that the traffic is driving him nuts so he is going to build a machine that will bore […]

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Federer landed on his still-fragile left knee, which in February had required him to have surgery for the first time in his career, keeping him out for more than two months. Though he got up slowly at Wimbledon and finished the match, he did not finish the season. He even missed the Summer Olympics in Rio de Janeiro, which had long been one of his major late-career […]

Monday 02:20 GMT Overview Stocks across Asia were weaker, retreating in line with Wall Street’s slight pullback on Friday from last week’s record highs, and as the US dollar softened. What to watch Investors are turning their attention to the Bank of Japan’s policy decision on Tuesday, in the wake of the Federal Reserve’s interest rate rise last week. While the dollar’s strength over recent weeks seems […]

On a clear afternoon on September 28, 2008, Elon Musk was on the verge of a nervous breakdown. Years earlier he had sunk most of his internet fortune into a commercial space company – SpaceX – and was now vying for a lucrative deal with NASA to resupply the International Space Station. There was only one problem: the last three attempts to send a rocket into space […]

On Saturday morning, the Pentagon was eager to announce that China would return a U.S. Navy underwater drone after its military scooped up the submersible in the South China Sea late this week and sparked a row that drew in President-elect Donald Trump. As previously reported, Pentagon spokesman Peter Cook said that “through direct engagement with Chinese authorities, we have secured an understanding that the Chinese will […]

By Brenda Goh, Allison Lampert and Brad Haynes | SHANGHAI/MONTREAL/SAO PAULO SHANGHAI/MONTREAL/SAO PAULO New rules governing Chinese airline startups are fueling hopes at Embraer SA (EMBR3.SA), Bombardier Inc (BBDb.TO) and other regional jet makers for a spike in orders next year, but local competition and doubts about size restrictions still loom as major obstacles. The new policy is aimed at encouraging fledgling carriers to boost domestic flights […]

Senior American officials and top commanders in the Middle East say the brutal urban fight for Mosul is succeeding — however slowly — but is proving to be tougher than expected. These officials predict that the battle to oust the Islamic State from Iraq’s second-largest city could last two to four more months. Continue reading the main story Brett H. McGurk, President Obama’s envoy to the international […]

Image: Sarah Tew/CNET Every week, we sound off on the most important technology trends in our Monday Morning Opener. Looking back on 2016, we’ve identified the five tectonic plate shifts that have made the biggest impact on the industry and our readers who use these tools to drive the progress of the planet. So, without further ado, here are the five big tech trends of 2016 according […]

A flagship of the settler enterprise, Amona, established 20 years ago, is testing how far Israel’s right-wing government is willing to go to protect the 100 or so outposts that were built without authorization across the West Bank. The case of Amona has also stretched the country’s democratic system, with right-wing politicians pushing to flout the 2014 Israeli Supreme Court order to demolish the outpost, and advancing […]

The Federal Reserve will wait six months before raising interest rates again, according to a survey of top economists that suggests policymakers will maintain a cautious approach to tightening policy until they see the economic package US president-elect Donald Trump has promised. Officials will raise the Fed’s key short-term rate just twice in 2017, starting with a move in June, an FT survey of 31 Wall Street […]

By Stephen Kalin | ERBIL, Iraq ERBIL, Iraq Seven-year-old Anas lies in a hospital bed in the northern Iraqi city of Erbil, his little body wrapped in bandages following four surgeries to remove shrapnel that shredded his intestines. He is considered lucky for being alive. Two of his brothers did not survive the Islamic State mortar attack three weeks ago on their family’s home in Mosul. One […]

MANILA, Philippines – Hours after threatening to scrap the country’s Visiting Forces Agreement (VFA) with the United States after the US-led Millennium Challenge Corp. deferred voting on its assistance to the Philippines, President Duterte imposed one condition on Washington if it would want the deal retained. “You want to come back here? You pay us. You want bases here? Pay us. Transaction tayo, pera-pera na lang tayo, […]

David Cameron began 2016 in 10 Downing Street and ended it at DePauw University in a small Indiana town, speaking for a reported £120,000 an hour. The former British prime minister is now paid almost as much for a 60-minute speech as he used to earn in a year, as he tries to make sense of his own historic failure: Brexit. Whatever he says now, Mr Cameron’s […]

AMMAN, Jordan — Four Jordanian police officers and a Canadian tourist were shot and killed by gunmen in the southern city of Karak on Sunday, according to a statement from the Public Security Department. The violence began when a police patrol was sent to check on reports of a house on fire. When the police arrived on the scene, they were met with a barrage of gunfire […]

It’s been a big month in theme parks in the UAE, with the official opening of Dubai Parks & Resorts in Dubai Sunday, news that IMG Worlds of Adventure are opening yet another venue, Legends, and Miral announcing that SeaWorld is coming to Abu Dhabi. By the time the Expo comes to the UAE in the year 2020, almost every popular movie and animation brand you can […]

That’s only one reason the current Israeli government is less than enthusiastic about having to evacuate Amona. In addition to fears of clashes with the settlers, Prime Minister Benjamin Netanyahu’s government will have to act against its own constituency, a plurality of which would like the evacuation avoided. And yet the government has little choice. Attempts to circumvent the court’s orders legislatively, by introducing a law to […]

A series of big events shaped financial markets in 2016. Here is a selection of FT analyses and commentary, alongside charts, highlighting a tumultuous year. The new year rout January proved brutal for investors. After just 10 trading days, global equity markets had lost more than $4tn of value, with sentiment hammered by fears about China’s economic slowdown and a depreciating currency. In turn, bond markets were […]

SIGN UP FOR OUR NEWSLETTER An opposition-backed bill in Pakistan seeking to establish a commission to inquire into the revelations made by the controversial Panama Papers, which suggest financial wrongdoings by Prime Minister Sharif and his family, prompted an exchange of harsh words in the Islamabad-based parliament this week. The bill, officially known as the “Panama Papers Inquiries Act, 2016,” has already cleared the Senate. SIGN UP […]

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