This is part of a series on the global rise of exchange traded funds The morning after the US election Steven Bregman, a New York-based hedge fund manager, began to notice something strange going on in a corner of the stock market. His screen showed that shares of gold mining companies were being sold indiscriminately, falling by double digits, even though the price of gold itself had […]
In this part of the world, the debate is not just theoretical. Terrorism is an everyday reality, and the role that Facebook and other social media sites may play in inspiring it generates deep emotion. Israel has pushed to combat online provocation that it links to bloodshed. Palestinians consider a crackdown on Facebook posts just another tool of repression by an occupying power. Continue reading the main […]
Ghana re-established its reputation as one of Africa’s cleanest democracies on Friday when authorities proclaimed opposition leader Nana Akufo-Addo, 72, a British-educated lawyer and veteran statesman, as the next president. The victory by Mr Akufo-Addo’s centre New Patriotic party, after eight years of rule by the left-leaning National Democratic Congress, triggered wild celebrations across much of the country. It follows the surprise electoral defeat last week of […]
The Dubai Land Department is cleaning out unscrupulous real estate agents and greedy landlords in a bid to polish the emirate’s reputation as a transparent property market attractive to investors across the world. In an exclusive interview with Arabian Business, Ali Abdulla Al Ali, director of the Dubai Land Department’s (DLD) real estate licensing division, says several new initiatives introduced this year are already showing benefits. Al […]
Submitted by Nomi Prins via TomDispatch.com, Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a multimillionaire) a drag. What would there be to talk about if you left the Machiavellian class and its exploits for the company of the sort of normal folk you can rouse at a rally? It’s […]
Global investors are turning their backs on French government bonds, reflecting alarm over the capacity for next year’s presidential election to deliver another shock to the eurozone and financial markets. A pronounced drop in French sovereign bond prices suggests they are being treated less like those of a core European economy and more like securities issued by the region’s least creditworthy countries. The selling has pushed the […]
Yet Mr. McLaren suggested that the full extent of the cheating might never be known. “It is impossible to know just how deep and how far back this conspiracy goes,” he said on Friday, calling the “immutable facts” of his report clear but far from comprehensive. “For years, international sports competitions have unknowingly been hijacked by the Russians.” Continue reading the main story Mr. McLaren concluded last […]
By Jeff Mason | WASHINGTON WASHINGTON U.S. President Barack Obama has ordered intelligence agencies to review cyber attacks and foreign intervention into the 2016 election and deliver a report before he leaves office on Jan. 20, the White House said on Friday. In October, the U.S. government formally accused Russia of a campaign of cyber attacks against Democratic Party organizations ahead of the Nov. 8 presidential election, […]
By Steve Holland | GRAND RAPIDS, Mich. GRAND RAPIDS, Mich. Exxon Mobil Corp Chief Executive Officer Rex Tillerson emerged on Friday as President-elect Donald Trump’s leading candidate for U.S. secretary of state, a senior transition official said. Trump met Tillerson on Tuesday and may talk to him again over the weekend, the official said. Trump appears to be in the final days of deliberations over his top […]
“When we took the land in Dubailand and talked about our plans to launch a sustainable project, many thought we were just bluffing. Today, when people come and see our project they are simply amazed,” says Faris Saeed, sitting in his temporary office in one of the solar-powered villas in The Sustainable City. Ironically, the new city is the result of a failed development called The Lagoons, […]
TOKYO Russia appears to have snubbed a Japanese attempt at puppy-love diplomacy by declining a gift of a dog for President Vladimir Putin at a summit next week with Prime Minister Shinzo Abe. The Japanese government had planned to present Putin, widely known to be a dog lover, with a male Akita as a companion to Yume, a female of the same breed that Japan gave him […]
At a recent media roundtable discussion about the future for wearables, hosted by Vivalnk, I was sitting next to two doctors who have been working in this field as advisers. They told me they don’t know what to do with all the data that patients keep sending them from their wearables, heart rate, steps taken, etc. And some wearables collect data on biometric data that’s unknown to […]
Opec’s first supply cut in eight years looks set to earn the 13-member cartel an extra $5bn a month in revenues. The 15 per cent rally in oil prices since last Wednesday’s agreement looks like an impressive return from a marginal cut in output, even if the deal was months in the making. Beyond the headline price reaction the market has thrown Opec a curve ball. Oil […]
Journalism took a beating in 2016. Donald Trump was elected president, thwarting pollsters and shaking off seemingly endless fact-checking. News organizations continue to lay off journalists as Facebook and Google gobble up the advertising market. And trust in media sunk to an all-time low, helped along by abuse on the campaign trail. Despite that, a former whistleblower thinks journalism still has the power to make big changes. […]
Submitted by Steven Horowtiz via The Foundation for Economic Education, The headlines tell us that the Dow Jones is up around 1,000 points since Donald Trump won the election on November 8th. The conventional wisdom is that this shows how much confidence people have in Trump’s ability to generate a healthy American economy. The argument is that if people are willing to buy stock in American firms, […]
Google has updated Chrome web browser for Android on Dec. 6, and version 55 is now rolling out across the Play Store. The update to the Google Chrome browser for Android increases its functionalities comprehensively. The updated Chrome 55 (55.0.2883.84) also brings stability and performance fixes and new features galore. We check out the new features and functionalities that version 55 of Chrome for Android brings users’ way. Reduces […]
It is a story of the markets against the US Federal Reserve — and so far, the markets have been on the right side of the call. Bond market movements have this year proved a better guide to potential shifts in benchmark rates than has the Fed’s official range of projections. But as Donald Trump prepares to take power amid expectations that the Fed will next week […]
JERUSALEM — After years of obfuscation and a high-profile dispute concerning an esteemed New York rabbi who converted Ivanka Trump, Israel’s rabbinical authorities announced this week that they would convene to establish clear criteria for recognizing Orthodox conversions done abroad. The rabbis also said that under the new criteria, Ms. Trump’s conversion, which had been in some doubt in Israel, likely would be considered legitimate. More broadly, […]
Barack Obama has ordered US intelligence agencies to conduct a “full review” of alleged Russian hacking into this year’s election and to issue a report before he leaves office next month. Lisa Monaco, White House counter-terrorism adviser, said that the review, which would be sent to Congress but which might not be made public, would look at both what happened during the election and would consider “some […]
ISLAMABAD: Pakistan’s Supreme Court on Friday adjourned hearing of the Panama papers leak case against Prime Minister Nawaz Sharif and his family for holding undisclosed offshore assets till January next year. When the court will resume hearing, the new Chief Justice (CJ) Mian Saqib Nisar, who will take oath on Dec 31, will form a new larger bench to hear the case. The case will be heard […]
Sprint has apparently started a slow rollout of Rich Communication Services, or RCS, for select devices. RCS, for the uninitiated, is an upgraded SMS standard for improved text and multimedia sharing. The nearest RCS comparison would be iMessage, Apple’s proprietary messaging app between iDevices. The newest version of Google Messenger has now been found to display the option to enable “Enhanced Messaging,” but only for a number of […]
An upcoming deadline for a major derivatives market reform is “unrealistic” and authorities should consider whether the asset managers and banks most affected are ready, a top US regulator has warned. Christopher Giancarlo, the sole Republican of the three commissioners at the Commodity Futures Trading Commission, on Friday called on counterparts to prevent new rules due on March 1 from disrupting the global swaps market. His remarks, […]
Video Deadly Blast in Cairo A bomb exploded on Friday at a security checkpoint on the outskirts of Cairo, killing six police officers and wounding three others. By THE ASSOCIATED PRESS and REUTERS on Publish Date December 9, 2016. Photo by Khaled Elfiqi/European Pressphoto Agency. Watch in Times Video » CAIRO — A bomb ripped through a security checkpoint on the outskirts of Cairo on Friday, killing […]
Bangladesh labour activists said on Friday they had joined a lawsuit in Switzerland against world soccer body FIFA for allegedly failing to use its influence to ensure people working on 2022 World Cup facilities in Qatar are treated fairly. The suit, filed in FIFA’s home city of Zurich with the backing of the largest labour union in the Netherlands, calls on FIFA to force Qatar to adopt […]
