By Dan Burns and Jennifer Ablan | NEW YORK NEW YORK With President-elect Donald Trump promising to spend as much as half a trillion dollars on infrastructure and slash taxes – initiatives that could add dramatically to the U.S. debt and balloon the budget deficit – Wall Street is far more focused on who will next head the U.S. Treasury than it was in the previous selection […]
DUBAI // An imam who was invited to a family home to help heal a woman by reading Quran allegedly molested her while her husband went to the toilet. Dubai Criminal Court heard that on July 9 the Egyptian imam, 53, was asked by a man and his wife to come to their house in Bur Dubai to read healing verses from the Quran. Court records did […]
The pace of global debt sales this year is running at a record level, surpassing $6tn this week, as companies from Pfizer to MasterCard rush to lock in borrowing costs on fears that a Donald Trump stimulus package will send interest rates even higher. A flurry of new sales this week caps a tumultuous period for bond investors, who are counting more than $1.5tn of losses, as […]
Facebook unveiled a share buyback scheme on Friday, saying it would repurchase up to $6bn of its stock as its investors brace themselves for slower growth next year. In a regulatory filing, Facebook said that the board had approved the buyback on Friday. It will begin in the first quarter of 2017 but the scheme has no set expiration, leaving Facebook the flexibility to be opportunistic if […]
Dishonored 2 will be getting a New Game Plus mode and new custom difficulty settings in a free update next month, Bethesda announced today. Although no other details about the difficulty settings or an exact release date are known, the two new options are part of expanding Dishonored 2’s “play your way” philosophy. More details on the content of the update will be revealed in the coming […]
The House of Representatives voted overwhelmingly on Tuesday for legislation to extend American sanctions on Iran for 10 years, a move that proponents called critical economic leverage to ensure Iranian compliance with an international nuclear agreement. The legislation, known as the Iran Sanctions Extension Act, needs Senate approval and President Obama’s signature before the end of the year, when American sanctions are set to expire. Under the […]
By Rosalba O’Brien and Mitra Taj | LIMA LIMA Leaders of Pacific rim nations scrambled to find new free-trade options on Friday as a looming Donald Trump presidency in the United States sounded a possible death knell for the Trans-Pacific Partnership (TPP). After lower-level meetings, U.S. President Barack Obama, Chinese President Xi Jinping, and Russian President Vladimir Putin were due to arrive at the Asia-Pacific Economic Cooperation […]
Greencore, Britain’s biggest sandwich maker, has been planning to “deepen its leadership of food-to-go”. As Lucy Kellaway has pointed out, sandwiches don’t need leadership (they need fillings) but this week Greencore deepened its leadership by paying $747m for Peacock, a US sarnie supplier. The deal went down like a fresh BLT and the shares rose at the sight of food-to-go leadership in action. Despite the grisly record […]
Adam Ondra, a 23-year-old from the Czech Republic considered by some to be the world’s best climber, thought he might cruise up the Dawn Wall of El Capitan. Following the free-climbing route that Tommy Caldwell and Kevin Jorgeson blazed over 19 days nearly two years ago, having received advice and support from both men, Ondra hoped to complete the nearly 3,000-foot ascent in five or six days. […]
By Lewis Krauskopf | NEW YORK NEW YORK Arguing over politics is a Thanksgiving Day tradition, but Donald Trump’s presidential election adds a new twist to any bickering at next week’s holiday dinner table: What the new U.S. government could mean for your stock portfolio. Trump’s shock victory last Tuesday sent investors scrambling to change bets predicated on a win by Hillary Clinton, leading to huge stock […]
The Trump trade — sell government bonds because his policies might cause inflation and require huge new borrowing — has already produced a common counter reaction: do not get carried away, this is an opportunity to buy Treasuries before yields collapse again. What it shows is a conditioned response. The first time your dog barks in the night, you leap out of bed with a head full […]
Saudi Arabia’s energy minister thinks OPEC will reach a deal to cut oil output and said a production ceiling of 32.5 million barrels a day would speed the balancing of supply and demand. The group is near a consensus on capping production for at least six months, said his Algerian counterpart. “I am still optimistic that the agreement reached in Algiers to put a ceiling to production […]
China has weakened the renminbi’s trading band for a record 11th straight day, taking its currency to an eight-year low as expectations of US interest rate rises buoyed the dollar against the region’s currencies. This puts the renminbi within a hair’s breadth of suffering a 10 per cent decline versus the dollar since the People’s Bank of China caught markets by surprise with its one-off devaluation in […]
Donald Trump has begun putting together his transition team and naming the cabinet members who will come to power in Washington after the inauguration on January 20. Follow the FT’s guide to the main players he has already picked — and the positions yet to be filled — here. Trump’s choices: MIKE PENCE Vice-president © AFP Mike Pence, the Indiana governor and former congressman, was picked as Donald […]
Preorders for the official ‘Star Wars’ drones by Propel will begin next week, Nov. 22. For $230, fans can purchase a Millennium Falcon, X-Wing, TIE Fighter or Speeder Bike and engage in laser dogfights with other drones. ( Propel ) Drone manufacturer Propel will begin accepting preorders for its line of official Star Wars drones starting next week at price tags of $230 each. After preorders, shipping will […]
A small shopping centre close to my home with a grocery, dry cleaners, shawarma restaurant and stationers recently shut down. The businesses have been forced to re-locate to the building will soon be demolished. I don’t know the reasons but have experienced the impact – disappointment and sadness amongst area residents that a valued community hub has disappeared. Al Badia Golf Club is closing with 420 members […]
A new mainline Pokemon game, codenamed Pokemon Stars, is reportedly in development for Nintendo Switch, and will release for the console sometime next year. According to Eurogamer, several sources have told the outlet that Game Freak is “well into development” on a third version of Pokemon Sun and Moon that will feature the same map, locales and art style of the aforementioned 3DS games, but with improved visuals. Pokemon […]
Photo Iraqi forces watched television coverage of President-elect Donald J. Trump in the village of Arbid on the southern outskirts of Mosul last week. Credit Ahmad Al-Rubaye/Agence France-Presse — Getty Images ERBIL, Iraq — Many Muslims in the Middle East have reacted with a mix of caution, suspicion and scorn to Donald J. Trump’s election victory and his appointments of aides with hostile views toward Islam. Struggling […]
Submitted by Eric Peters via EricPetersAutos.com, It is good that Hillary lost – obviously. But it may prove to be the worst thing that could have happened. Depending on what Trump does as president. If he governs as a Republican, it is time to pack bags. Because the clock is ticking. We will have – at best – four years before something far worse than Hillary returns, […]
ABU DHABI // The UAE on Friday reaffirmed its commitment to the global battle against climate change. Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, told the Cop22 summit in Morocco of the country’s belief in the importance of turning the Paris Agreement into a reality. “Turning the Paris Climate Agreement into real initiatives requires enormous efforts and collaboration at the local, regional […]
Ubisoft will reportedly be incorporating less narrative in its upcoming games. According to an interview with Le Monde (translation from GamesIndustry.biz), Ubisoft’s chief creative officer Serge Hascoet said that each Ubisoft game should be an “anecdote factory.” While the games will still have a story, the more freedom the player has in series like Watch Dogs and Far Cry, the more unexpected things can happen. Hascoet wants […]
Already, many Israelis and Palestinians are buzzing about the prospect. Where would the embassy go? Would it straddle the line between West Jerusalem, which is predominantly Jewish, and East Jerusalem, which is predominantly Arab? Would it touch off street protests in Palestinian cities or a backlash among Arab allies like Egypt and Saudi Arabia? Continue reading the main story “Jerusalem is a symbolic, emotional and real issue,” […]
The UAE’s workers will get a three-day holiday to mark UAE National Day and Commemoration Day at the start of next month. The Federal Authority for Government Human Resources has announced that public and private sector worker will have a holiday from Thursday December 1 to Saturday December 3, giving one day off from the regular working week. Workers will return to work on Sunday December 4. […]
You can read a fuller analysis of the markets moves here. Donald Trump’s shock presidential election victory wrongfooted many investors and triggered a convulsion across financial markets — although not always in the way analysts expected. Here are some charts that show how markets have been upended by the unconventional Republican candidate’s triumph and expectations that he will unleash a big economic stimulus package of tax cuts […]
