The persistent notion that Mr. Castro’s fastball had made him a potential big league prospect has long been debunked by historians. By many accounts, his primary sport as a schoolboy was basketball. He was tall, at 6-foot-2 or 6-foot-3, and he told the biographer Tad Szulc that the anticipation, speed and dexterity required for basketball most approximated the skills needed for revolution. Yet it was primarily baseball, […]
Dubai’s state-owned utility firm has signed a power purchase agreement with Abu Dubai Future Energy Company, better known as Masdar, for the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park. Dubai Electricity and Water Authority (DEWA) said the agreement was signed by Saeed Mohammed Al Tayer, managing director andCEO of DEWA, and Dr Sultan Ahmed Al Jaber, UAE Minister of State and chairman […]
Switzerland has a world-beating position in cross-border investing: its finance industry last year managed SFr6.6tn of assets on behalf of institutions, companies and the rich. So Swiss bankers have a keen interest in the technological revolution sweeping global finance, which has profound implications for the way markets operate. That includes some of the more fantastic ideas about handing the management of clients’ assets entirely to computers — […]
Much of the markets’ mixed reaction reflects uncertainty about a new president who has never held public office, leaving political leaders, business executives and international institutions to make bets on how a Trump administration may rewrite rules that have governed global affairs under American presidents of both parties. Continue reading the main story “For allies and adversaries alike, the election of Donald Trump represents the likely abandonment […]
Your daily guide to community and cultural activities across the Emirates for November 29, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Art exhibition Visit The Galleria on Al Maryah Island and see an exhibition by photographer Mark Luscombe-Whyte, who specialises in Arab architecture, including images of the Sheikh Zayed Grand Mosque. Enjoy a […]
Massachusetts Attorney General Maura Healey is protesting a Texas federal judge’s order that she travel to Dallas next month to be deposed in lawsuit against her office. As Law Blog reported, U.S. District Judge James “Ed” Kinkeade earlier this month ordered Ms. Healey to come to Texas to answer questions under oath about her office’s climate change-related […] (via WSJ)
Reconciling accounting standards and religious principles is challenging Islamic banks and regulators as they adapt to new international book-keeping rules due to come into force in 2018. The new rules, known as IFRS 9, will leave their mark on all major products used by Islamic banks – from simple savings accounts to Islamic bonds – and impact their bottom-lines. Banks around the globe are gearing up to […]
|By Arabian Post Staff| Emaar chairman and leading Dubai businessman Mohammed Alabbar followed up the launch of his $1 billion online retailing venture Noon with a joint venture for online luxury sales. Alabbar announced at a press conference in Dubai that the firm Symphony Investments, owned by him, was taking 40 percent stake in the joint venture with Milan-based online retailer Yoox Net-a-Porter to profit from luxury […]
Saudi Arabia has set a high bar for any oil supply deal ahead of Wednesday’s Opec meeting in Vienna, as it attempts to put pressure on regional rivals Iran and Iraq to accept a larger share of output cuts. The oil production cartel is trying to reach an agreement to curb supplies for the first time since the financial crisis and put an end to a two-year […]
Trump team rejects effort to push vote recount | Reuters Top News | Mon Nov 28, 2016 | 10:35pm IST ‘+Reuters.inlinevideo.title+’ ‘+Reuters.inlinevideo.length+’ ‘); } WASHINGTON Donald Trump’s transition team on Monday pushed back against an emerging effort to recount votes from the Nov. 8 presidential election, calling it “nonsense,” but not offering any evidence to back the president-elect’s weekend tweet alleging millions of illegal votes. The Green […]
Photo Syrians fleeing rebel-held parts of eastern Aleppo moved on Sunday toward an area controlled by Kurdish fighters. Credit Rumaf, via Associated Press BEIRUT, Lebanon — Thousands of people were sent fleeing for their lives on Monday as rebel fighters lost a large stretch of territory in the northern Syrian city of Aleppo to government forces and Kurdish fighters, in what could prove to be a turning […]
The latest drone flyover video on the Apple Campus 2 reveals that the facility is almost complete, and it looks like it came straight out of a science fiction movie. There have been a few other drone flyover videos on Apple’s new home, but this new one gives the best look on how the Apple Campus 2 would look like once construction is done. Apple Campus 2 […]
CARACAS Venezuela’s bolivar currency has depreciated an unprecedented 60 percent in a month against the U.S. dollar on the black market to trade at nearly 3,500 on Monday, according to the widely-tracked web site DolarToday. That makes the largest-denomination note of 100 bolivars now worth less than 3 U.S. cents in the crisis-hit OPEC nation. Such is the currency chaos that Venezuelans often carry rucksacks full of […]
By Ulf Laessing | MOSUL, Iraq MOSUL, Iraq Islamic State has arrested dozens of Mosul shop owners accused of raising food prices in the nearly besieged city, to tamp down discontent as a U.S.-backed offensive closes in on the group’s last major stronghold in Iraq, residents said on Monday. The arrests took place on Sunday morning in Bursa, a commercial district in the western part of the […]
Monday 12:00 GMT. Overview Stock markets in Europe are slipping back, led by losses for embattled Italian financials, on concern about potential contagion spreading from the sector into the eurozone financial system after Italy’s reform referendum. Meanwhile the dollar is cooling after its sustained run higher, with the index tracking the world’s reserve currency against six of its rivals down 0.1 per cent, although it is holding […]
DUBAI, United Arab Emirates, November 28, 2016/ — The Ashish J Thakkar Global Entrepreneurship Index of 85 countries ranks Singapore as the best environment for entrepreneurs Of the African nations, Namibia scores highest and comes 42nd overall – ahead of other prominent African markets, such as Nigeria, Kenya and South Africa The research, conducted by Mara Foundation and Opinium Research, examines the state of entrepreneurship around the […]
By Andrew Callus | PARIS PARIS France’s centre-right rallied behind free market reformist Francois Fillon as its candidate for president on Monday after a snap opinion poll showed him clear favourite to beat far-right leader Marine Le Pen in an election showdown next year. Fillon, a former prime minister who vowed to change France’s “software” with an assault on public sector spending, moved one step closer to […]
Bail in risk – €4 Trillion Italian banking system at risk as referendum looms Sunday according to Financial Times Concerns of multiple bank failures – Eight banks at risk of failure and bail ins Monte dei Paschi di Siena, third largest by assets and mid-sized banks Popolare di Vicenza, Veneto Banca and Carige and four smaller banks Italy’s banks have €360 billion of problem loans Contagion poses risks to Unicredit, […]
newslide Young drummer recognised by Metallica A 10-year-old drummer from Philadelphia in the United States is receiving high praise for his cover of a Metallica song that featured on the heavy metal band’s Instagram page on the weekend. Daniel Krilov has been playing drums for just two years, but that didn’t stop him from responding to the band’s request for fans to send video of themselves covering […]
Monday 11:30 GMT. Overview The dollar is cooling after its sustained run higher, with the index tracking the world’s reserve currency against six of its rivals down 0.5 per cent, although it is holding the 100-point mark at 100.940. Stock markets in Europe are slipping back, led by losses for embattled Italian financials. Hot topic Oil is likely to loom large over the week before Wednesday’s Opec […]
A federal judge on Friday ordered Massachusetts Attorney General Maura Healey to come to Texas next month to be deposed in lawsuit over her office’s climate change probe. The judge also asked New York Attorney General Eric Schneiderman to be available to come to Dallas next month to testify in the same case. The two […] (via WSJ)
Theresa May will launch a charm offensive in a bid to win Polish support in the forthcoming Brexit negotiations, as pressure grew to guarantee the status of migrant workers. Mrs May will host Polish prime minister Beata Szydło and other senior Polish politicians at a meeting in Downing Street on Monday that will focus on Brexit and defence co-operation, and seek to ease diplomatic tensions caused during […]
Volkswagen signed a deal on Sunday to assemble cars in Algeria in a joint venture with its local car importer SOVAC, aiming for a production capacity of more than 100 vehicles per day from June 2017, VW and Algerian officials said. The cars will be assembled at a $170 million plant in the western province of Relizane, Algerian Industry Minister Abdesselam Bouchouareb said at a signing ceremony […]
Industry eyes opportunity to reinvest at higher yields and leave low rate era behind ©Noam Galai/WireImage/Getty Donald Trump may be just what the global insurance industry needs. Shares in several of the sector’s largest companies have outperformed the market strongly since the US election, on hopes that a prolonged squeeze on their returns is finally drawing to a close. Years of ultra-low rates have eaten away at […]
