Photo With a season-high 10 points on Wednesday night, guard DeAndre Liggins, left, is now averaging 3.1 points a game this season for the Cavaliers. Credit Brandon Dill/Associated Press The tickets that fans bought for Wednesday night’s game in Memphis promised a matchup between the Cleveland Cavaliers and the Grizzlies. And the paying customers did indeed get to see a game between the Cavaliers and the Grizzlies. […]
“If they’ve managed to sleep through the night, bonds traders in the US will have quite a shock when they check their screens in the morning,” Mohamed El-Erian, chief economic adviser at Allianz, tweeted early on Thursday. Wall Street bond traders and investors will have turned in on Wednesday night already jolted by the Federal Reserve, which under Janet Yellen’s leadership has become synonymous with caution on […]
By Elias Biryabarema | BIDI BIDI, Uganda BIDI BIDI, Uganda Besides bags, blankets and tales of horror, some of the thousands of refugees fleeing South Sudan’s civil war each day carry something else – the ethnic hatred the United Nations says is “fertile ground” for genocide. That hatred, fuelled by continuing reports of ethnic-based killings inside the country, is turning refugee camps on its borders into tinder-boxes […]
Everyone is gaga over the idea of frictionless grocery shopping: tap your phone on a turnstile device upon entry, retrieve food from the shelves, and walk out; your bill is charged to the credit card connected to your device. No waiting in line; no chit chat as your groceries are rung up. In other words, say hello to Amazon Go, which will be tested in […]
By Ercan Gurses and Orhan Coskun | ANKARA ANKARA Turkey may hold a referendum as early as March on constitutional changes to expand the president’s powers, a senior ruling party lawmaker said, a move that would help Tayyip Erdogan acquire the executive presidency he has long sought. The ruling AK Party over the weekend submitted to parliament a 21-article package of constitutional reform proposals, aiming to hold […]
Thousands of people had gathered outside a hospital in the Mashhad neighborhood, which is still controlled by rebels, hoping that an evacuation deal announced on Tuesday by Turkey, Russia and Syrian rebels would hold. But the constant threat from snipers, bombs and shelling was unsettling. Video Aleppo Activists Say Final Goodbyes as Assad Closes In Syrian government forces had reclaimed most of rebel-held eastern Aleppo by Tuesday, […]
Thursday 11:00 GMT Overview Stock markets are trading cautiously as Treasury yields hit fresh highs after the Federal Reserve’s decision to raise interest rates for only the second time since the financial crisis. The prospect of the US central bank perhaps having to tighten policy faster than expected to reflect any additional boost to growth from president-elect Trump’s fiscal plans is lifting the dollar to a 14-year […]
The Australian Minister for Communications Mitch Fifield has called on the Australian Competition and Consumer Commission (ACCC) to only declare domestic mobile roaming if there is an overwhelming case for it, and not simply as a result of a “balance of probabilities”. “I am concerned that there is a real risk that any declaration will lead to an erosion of long-term benefits for all consumers including those […]
By Howard Schneider and Lindsay Dunsmuir | WASHINGTON WASHINGTON The U.S. Federal Reserve raised interest rates on Wednesday and signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration’s promises of tax cuts, spending and deregulation. The increase in the federal funds rate to a range of between 0.50 percent and 0.75 percent was widely expected. But the prospect of […]
Your daily guide to community and cultural activities across the Emirates for December 14, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Yoga class Take part in the popular Flow in the Dark yoga class at Bodytree Studio. Enjoy a night of yoga, music and creative expression led by Angela. The lights will be […]
Photo Stephen Curry of the Golden State Warriors signing autographs before a game in Memphis last week. The N.B.A. is in the midst of a highly prosperous stretch. Credit Brandon Dill/Associated Press At a time of enormous popularity and prosperity for the N.B.A., the league and the players’ union reached an agreement in principle Wednesday on a seven-year collective bargaining agreement that ensures labor peace through the […]
With over 150 Saudi suppliers now, GE aims to double the number by 2020, creating a dynamic Saudi supply chain ecosystem that serves global markets GE’s investments in localized manufacturing helps build Saudi entrepreneurship, create new jobs for Saudis and build the local SME sector Dubai, United Arab Emirates; December 15, 2016 GE Oil & Gas today won the ‘Best in Supplier Development’ honor at the In […]
Steve Garey, who retired from the Anacortes refinery in 2015 after almost 25 years and served as president of the United Steelworkers local, said that while some positive changes were made after the 2010 accident, upper management at Tesoro remains “contemptuous” of its work force and is “hiding behind incredibly permissive process safety regulations.” Those regulations grew out of a string of catastrophic events in the 1980s, […]
The offshore renminbi exchange rate grew stronger than its onshore counterpart on Thursday after a closely-watched borrowing rate in Hong Kong for loans denominated in China’s currency broke back into the double digits for only the fourth time in 2016. The Hong Kong interbank borrowing rate for offshore renminbi (CNH) overnight loans (CNH Hibor) rose another 4.4 percentage points to 11.8 per cent today, taking the overnight […]
Katherine Goldstein is stepping down as chief of the securities fraud unit in the Manhattan U.S. attorney’s office to become a partner at Milbank, Tweed, Hadley & McCloy LLP. Ms. Goldstein, who has worked as a federal prosecutor for 12 years, will leave the government next month. In 2014, she became the first woman since […] (via WSJ)
The AWS cloud now has 42 Availability Zones in 16 regions but the two empty circles in France and China represent the location of two more regions coming online next year. Image: AWS Amazon Web Services cloud computing platform is now available from UK-based datacenters. The launch of the AWS Europe (London) Region means that AWS’s suite of cloud services is now available out of 16 regions […]
The peaks of fine dining just keep getting higher and higher. A caravan of roving chefs and their 15 guests is currently making its way up the Himalayas toward the base camp at Mount Everest, where, 17,500 feet above sea level and amid the lashing winds and bone-penetrating chill of the Nepalese winter, food will be served. The One Star House Party, as the project has been […]
The Washington Post is a profitable and growing enterprise, the newspaper’s publisher announced in a memo to staffers Tuesday evening. In the seventh paragraph of a rally-the-troops announcement, Post Publisher Fred Ryan made a winking nod to burying the news: Not to bury the lede, but thanks to the incredible work of the entire team, The Washington Post will finish this year as a profitable and growing […]
Long-term borrowing costs for lower-quality US investment-grade companies are nearing 5 per cent — the highest level in nine months — as investors anticipate rising inflation and higher growth, reversing from the six-decade low touched earlier this year. The average yield on the closely followed Moody’s Baa index has climbed to 4.9 per cent, the highest since March when the US credit market slowly recovered from a […]
Photo The coffins of victims from Sunday’s bombing of St. Mark’s Coptic Orthodox Cathedral after funeral services in Cairo on Monday. Credit Khaled Desouki/Agence France-Presse — Getty Images CAIRO — Egypt faced the prospect of a surge in sectarian bloodshed on Tuesday after the Islamic State claimed responsibility for the bombing of a Coptic cathedral in Cairo that killed 25 people on Sunday. The group warned of […]
We’ve all been warned that it is coming, but as SHTFPlan.com’s Mac Slavo notes, what is disturbing is that while technology surrounds us and *some* have concerns about privacy, most shrug at the massive amounts of data they are collecting about our lives, and the incredible level of control the system now has over each individual. This bill passed, clinging to the broadest base of “good intentions” […]
Ambitions to turn London into a hub for the $70bn insurance-linked security market, one of its fastest growing sectors, face being scuppered by a slow moving regulatory approach. The government wants to introduce new rules that would make it possible to issue these ILS securities in the UK, but industry insiders say that the proposed timetable for approving them would make the new regime uncompetitive against established […]
Photo Paraag Marathe, the San Francisco 49ers’ chief strategy officer and executive vice president for football operations, at his home in Los Altos, Calif. His sister died of anorexia. Credit Jason Henry for The New York Times SAN FRANCISCO — Paraag Marathe’s structured, analytical mind has served him well in the offices of Silicon Valley and the National Football League. He figured that he could lean on […]
Saudi Arabia’s 2017 state budget is likely to show Riyadh has shrunk a huge deficit caused by cheap oil faster than expected, which may let it spend more to bolster a shaky economy This year was one of the most painful for the Saudi economy in decades. Growth slowed sharply and speculators bet against the Saudi currency as the government fought to curb a deficit that totalled […]
