It was Donald Trump’s press conference in the early hours of November 9 that some pinpoint as the moment fears about what his presidency would mean for stock markets turned into euphoria about his victory. Campaign pledges to give a boost to the US economy were repeated, as the newly president-elect struck a moderate, even conciliatory, tone. Whatever you think of the reaction in financial markets since, […]
DUESSELDORF, Germany Germany’s highest court will decide next year on complaints brought by utilities against a tax on nuclear fuel rods, a spokesman said on Thursday, in a further challenge to the government’s energy policy. E.ON, RWE and EnBW have demanded exemption from the tax, introduced in 2011, and are claiming back the roughly 5.8 billion euros ($6.2 billion) they have already paid. The tax requires companies […]
He said that he was speaking from a makeshift medical clinic and that doctors were working in secret basement locations after being driven from hospitals. There were dozens of wounded and dead around him, including children, he added. Continue reading the main story “My neighbors have died; they were brought here,” he said. “I couldn’t ask them, ‘Where is my family?’ ” The latest round of fighting […]
I spot the ship long before the car pulls up to the cruise terminal at Abu Dhabi’s Mina Zayed. Part of the Celebrity Cruises fleet, the stately Celebrity Constellation – dark blue and white, and marked with a distinctive “X” logo at the top – stands 13 decks tall. Orange lifeboats hang high on Deck 5, and the shaded gangplank looks like a tunnel boring into the […]
The European Central Bank has decided to scale back its landmark quantitive easing programme from €80bn to €60bn a month, in a move that responds to hawks’ concerns about ultra-loose monetary policy but which could unsettle markets. The bank confirmed that it would buy €80bn a month of bonds under the current leg of the programme until March, but added that it would reduce the purchase size […]
Can you imagine a bank where artificial intelligence runs checking accounts, debit cards, and wire transfers? Image: Getty Images/iStockphoto The Milan-London startup connection is getting stronger. After MoneyFarm and Soundreef, yet another promising Italian startup, Euklid, is opening up shop in the UK capital, moving its headquarters to be part of the city’s vibrant ecosystem. The team selected London’s Level39 fintech accelerator as its new center of […]
By Ginger Gibson | WASHINGTON WASHINGTON The chances that the federal government could hand off the U.S. air traffic control system to private management are increasing, say advocates who report they are getting supportive feedback from President-elect Donald Trump and his team. U.S. Rep. Bill Shuster, who chairs the House of Representatives Transportation Committee, has met with Trump and incoming Transportation Secretary Elaine Chao to make his […]
Now is an exciting time in the tech world due to the insane pace of its development. This narrative has just been reinforced with the introduction of Bluetooth 5, which features double than its predecessor’s speed and an incredible quadrupled network range. Bluetooth 5 Launch The technology was announced early this year and is being touted as one of the enabling mechanisms that will support the emergence […]
This is part of a series on the global rise of exchange traded funds ETFs are a global phenomena, but there are significant differences between the market in Europe and the US. This piece examines the most important. The US is far bigger Demand for exchange traded funds in Europe has never been higher. Assets held in funds and products listed across the region hit a record […]
Photo Aroldis Chapman pitching for the Yankees on July 18. He was traded to the Chicago Cubs later that month. Credit Al Bello/Getty Images NATIONAL HARBOR, Md. — The Yankees fulfilled the main objective of the off-season late Wednesday night, agreeing with closer Aroldis Chapman on a five-year, $86 million contract. The deal reunited the Yankees with the hardest-throwing pitcher in baseball after they traded him to […]
In a glass cube inside a MK2 cinema near France’s national library in Paris, viewers can choose between HTC Vive, Playstation VR and Oculus Rift headsets, or they can go for “full body immersive” simulators The first wave of virtual reality cinemas, heralding what their creators claim will be an entertainment revolution, rolls out across the world this month. The first screening room in France opened Wednesday […]
Turning on File History is literally as easy as flipping a switch. Click to enlarge Windows 10 includes an enhanced version of the backup tools introduced in Windows 8/8.1. This feature, called File History, is a major change from the image-based Windows 7 backup program. Using the default settings, File History saves copies of data files every hour, giving you the option to roll back to an […]
By Christopher Johnson | LONDON LONDON Oil prices steadied around $50 a barrel on Thursday, close to the week’s lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment. North Sea Brent crude was up 25 cents at $53.25 a barrel by 0940 GMT. U.S. light crude was up 20 cents at $49.97 a barrel. Both benchmarks […]
Chicago politicians will have one more reason to look over their shoulders in 2017. The city’s history of political corruption and high crime rates have long made it fertile territory for investigative reporting. Next year, investigative nonprofit ProPublica plans to capitalize on that opportunity by colonizing the city with its first regional expansion. ProPublica plans to open the expansion in 2017 and is recruiting an experienced, Chicago-based […]
The boss of Dubai’s Emaar Properties has announced that the developer is set to “tighten its belt” next year as the emirate’s property market continues to stabilise, it was reported on Wednesday. Bloomberg quoted company chairman Mohamed Alabbar as saying that Dubai’s real estate market will see a “rebalancing” between supply and demand into next year. He said at a conference in Abu Dhabi that the company […]
Photo LeBron James said his decision not to stay at a hotel bearing the name of President-elect Donald J. Trump was “just my personal preference.” Credit Alex Goodlett for The New York Times LeBron James has done a lot and seen a lot over the course of his 14-year N.B.A. career. He has won championships. He has traveled the globe. He has become an icon in his […]
SYDNEY Asian shares hustled to one-month highs on Thursday after Wall Street strode to another record, while bonds rallied on wagers the European Central Bank would extend its stimulus campaign at a policy meeting later in the session. Risk appetite got an extra boost when China reported upbeat trade figures with exports and imports both beating forecasts. Resource imports were very strong, a major reason prices for […]
Britain plans to deepen security cooperation with Gulf Arab countries and work with them to counter Iranian actions in the region, Prime Minister Theresa May said on Wednesday. Addressing a meeting on the sidelines of the Gulf Cooperation Summit in Bahrain, May said Britain would invest more than 3 billion pounds in defence spending in the region over the next decade. “Gulf security is our security,” May […]
By Anthony Boadle | BRASILIA BRASILIA Brazil’s Supreme Court on Wednesday overturned an injunction that ordered the indicted head of the Senate, Renan Calheiros, to step down, voting to allow him to continue in the post but not in the presidential line of succession. The 6-3 ruling defuses a clash between the top court and the Senate that threatened to derail spending cuts at the centre of […]
Samsung has recently allowed Galaxy S7 and S7 edge owners enrolled in its beta program to try out Android 7.0 Nougat before the official build rolls out, likely for users to pry the software for potential bugs, issues and the ilk. Once the beta trial concludes, the official Nougat build will then hit Galaxy S7 and S7 edge devices before 2016 ends. Unfortunately, the same can’t be said for […]
Thursday 02.10 GMT Overview Major bourses across Asia latched on to record closes for key Wall Street indices as US stock markets continued to rally one month on from the presidential election. But investors were also turning their attention to the European Central Bank and whether it will at its policy meeting later on Thursday extend the deadline for its asset stimulus programme. Hot topic On Wednesday […]
MOSCOW — The Russian government announced Wednesday that it will sell nearly 20 percent of its state oil company, Rosneft, to the Swiss commodity trading firm Glencore and the sovereign wealth fund of Qatar. The deal defies expectations that no investor would dare buy a share in the Russian asset, given Western sanctions against the government of President Vladimir V. Putin. But the emergence of foreign money […]
A group of investors will pay $1.12 billion for Saudi Oger’s stake in Jordan’s Arab Bank and expects to complete the deal by mid-January, a member of the consortium told Al Arabiya TV on Wednesday. Saudi Arabian conglomerate Astra Group was part of the consortium, led by Arab Bank Group Chairman Sabih al-Masri, that was buying the 20 percent stake, Ghassan Akeel, chief executive for Saudi Arabia […]
Almost a month after a public beta which began in November, Spotify and manufacturer of smart speakers Sonos are finally releasing an update which gives users direct control of all Sonos speakers via the Spotify app. Controlling Sonos Speakers With Spotify The update fundamentally turns any Sonos speakers into an eligible Spotify Connect speaker, with Sonos’ multi-room functionality thrown into the mix. The new feature was originally announced back in […]
