Photo The view from Elias Muhanna’s grandparents’ balcony, in Roumieh, Lebanon, in 2010. Credit The Muhanna Family When I was a child, I spent most summers at my grandparents’ home in the Lebanese mountain village of Roumieh, overlooking Beirut and the Mediterranean coast. From the swing on the veranda, an expanse of umbrella pines and terracotta-roofed villages tumbled steeply toward the sea. In the evenings, my grandfather […]
You can read our charts-based explainer here. Sometimes the end of an era comes imperceptibly, with it only becoming apparent long after the fact. But many investors are in little doubt that Donald Trump’s election victory loudly trumpets that an entirely new market regime is nigh. The subsequent shockwaves — which sent equities powering higher on stimulus hopes, bonds crashing on inflation fears and emerging markets quaking […]
U.S. stocks looked set to open little changed on Friday, with all three major indexes near record highs, a day after Federal Reserve Chair Janet Yellen sent a strong signal that interest rates would be increased next month. The Fed could raise rates “relatively soon”, Yellen said in a congressional testimony on Thursday, adding that she would serve out her term. Traders are pricing in an 83 […]
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Bahrain Petroleum Company (Bapco) is in talks with export credit agencies (ECAs) to finance the expansion of its Sitra oil refinery, a project estimated at around $5 billion, sources familiar with the situation said on Thursday. The state-run Bahraini company is talking to seven or eight ECAs to back a component of the project financing, said one of the sources, who added that the financing could be […]
The last time we encountered David Brock, Hillary Clinton’s so called media “attack dog”, was two months ago when we exposed a money laundering scheme involving over a dozen of his Pro-Clinton SuperPACs. Now, it appears that unable to concede defeat, the man who aligned his career with Hillary Clinton, is going for blood, and is soliciting the help, but mostly money, of Clinton’s top donors. According […]
The market interpretation of the US election result can be expressed in just three letters, repeated several times: “USA! USA! USA!” Amid the noise that followed last week’s election victory for Donald Trump, one signal was clear — whatever the outcome will be the US, it will be far worse for the rest of the world in general, and emerging markets in particular. Outside of financial crises, […]
President Barack Obama will hold talks with Chancellor Angela Merkel and other European leaders in Berlin on Friday, addressing a range of economic and security issues and their concerns about his successor Donald Trump. Syria, international terrorism, climate change and the threats posed by Russia will feature high on the agenda at the meeting, the final engagement of Mr Obama’s farewell trip to Europe. The leaders were also […]
Challenges and solutions concerning entrepreneurial strategies discussed at length by public and private sectors during dialogue hosted by Dubai Chamber of Commerce and Industry and MEED, organisers of Innovation Live! The need for introducing a platform as a ‘one-stop shop’ for starting business in the UAE identified as key to progress. Dubai, UAE, 18 November, 2016 The inaugural Innovation Live!, an official anchor event for UAE Innovation […]
Kuwait will need $116b over the next six years to finance its budget deficit caused by low oil prices, according to a report by International Monetary Fund (IMF). The Gulf country posted its first budget shortfall of $15 billion for the first fiscal year following 16 years of surpluses after which it adopted a series of austerity measures including raising fuel, power and water prices. The government […]
Qualcomm officially unveiled its new Snapdragon 835 processor built on Samsung’s 10nm process, not only boosting performance but also reducing the time it takes to charge a device. The next-generation SoC for mobile devices is the latest and greatest in Qualcomm’s extensive lineup of more than 200 designs, and follows the powerful Snapdragon 820 and 821 processors powering the latest Android flagships. Qualcomm Snapdragon 835 On Samsung […]
“I need that moment when I think, ‘This sucks,’” is how he put it. When he first started running, Engle did it as a form of penance — “I was feeling badly about myself and wanted to punish myself,” he said. Then, as he realized he was good at running long distances, ultramarathons — and other, even more extreme events — became a way to test his […]
18 November 2016 MARC has affirmed the rating of AAA(fg) on special purpose vehicle TRIplc Ventures Sdn Bhd’s (TVSB) RM240.0 million Senior Medium-Term Notes (Senior MTN) Programme with a stable outlook. Both the affirmed rating and outlook are premised on the credit strength of an unconditional and irrevocable guarantee provided by Danajamin Nasional Berhad (Danajamin) on the Senior MTN obligations. Danajamin carries a financial insurer rating of […]
Friday 06:00 GMT. The US dollar continues to push higher and sovereign bonds remain under pressure, while major equities benchmarks are on track to finish the week on a positive note. European bourses are expected to open firmer, with spreadbetters predicting the UK’s FTSE 100 will add 5 points to 6,800 and Germany’s Dax to gain 30 points to 10,716. US index futures suggest the S&P 500 […]
When Iran conducted a mass hanging in August of Sunni prisoners accused of attacks in its restive western Kurdish region, the executions were widely criticized as an egregious human rights violation. But death-penalty opponents also were appalled at what came next. Videos that showed apparently coerced confessions of the prisoners — interwoven with ominous-sounding music and clips of unrelated assaults by militants of the Islamic State — […]
You know Tony Robbins. He’s the world’s most famous performance and motivational coach. He’s advised everyone from Bill Clinton to Serena Williams, from Leonardo DiCaprio to Oprah Winfrey (who calls him “superhuman”). He was called in to advise Bill Clinton during his impeachment and counts billionaires such as Virgin’s Richard Branson and casino magnate Steve Wynn among friends. He first broke onto the self-improvement scene 30 years […]
|By Ilyas Zameer| Learning from the past is old. It is no longer relevant in times like today. This world is volatile, unpredictable, catastrophic and yet extraordinarily amazing ( VUCA). Learning from the past can only help you if the future is going to be the same as the past, and it isn’t. November of any year is a great time to plan for the next year. […]
For much of the last decade the derivatives industry has been caught in the gravitational pull of the Dodd-Frank act, the sweeping piece of legislation meant to contain the risk of another financial crisis. Six years after its passage, US president-elect Donald Trump wants to dismantle the law. The industry, however is not racing to join him. At this week’s Global Financial Leadership Conference, a gathering of derivatives traders, […]
November 17, 2016 by: Anjli Raval, Oil and Gas Correspondent Worries are growing that a build-up of unsold oil off the coast of the UK will keep prices down as the broader market surplus increases pressure on Opec to cut production. Industry analysts and shipbrokers said an excess of light sweet crudes, has led to a surge in the number of Aframax tankers — which carry around […]
BAGHDAD: Daesh militants probably killed more than 300 Iraqi former police three weeks ago and buried them in a mass grave near the town of Hammam Al-Alil south of Mosul, Human Rights Watch said on Thursday.A Reuters reporter visited the site of the mass grave, where residents said the ultra-hard-line militants buried victims who had been shot or beheaded. The residents said they believed up to 200 […]
By Andrea Hopkins | OTTAWA OTTAWA Canadian manufacturers want their access to the U.S. market protected at all costs if Canada renegotiates the NAFTA trade deal with U.S. President-elect Donald Trump, even if that means losing the trilateral partnership with Mexico. Amid fears a Trump administration will tear up the North American Free Trade Agreement, the Canadian Manufacturers and Exporters group is lobbying Canada’s Liberal government to […]
Airbnb revealed a revamped version of its app at the company’s annual conference for hosts in Los Angeles that expands the services offered beyond only booking rooms. The Airbnb app, in addition to a “Homes” section that contains its popular room rental service, will now also be featuring sections named “Experiences” and “Places.” What Is Airbnb Experiences? Airbnb’s Experiences section contains the “Trips” program, which will allow customers […]
She found a Plan B on a bulletin board that advertised openings in the Police Department. The prospect of holding a job where no two days were the same appealed to her, and she said the department’s equal pay for women was also a huge selling point. She quickly realized that she had found her calling. “Most days I went home amazed that someone was paying me […]
Members of Donald Trump’s administration will have to agree to a lifetime ban on lobbying for foreign governments, his transition team said on Thursday, as the president-elect seeks to reassure voters that he is sticking to his promise to rid Washington of cronyism and corruption. Mr Trump ran on a campaign to “drain the swamp”, but his transition team has sputtered in recent days, flip-flopping on whether it will […]
Rising market expectations for growth and inflation were not the only things behind the selling pressure on US Treasuries after the US election. One gauge of long-term Treasury market risk known as the term premium has also climbed. The day after the election of Donald Trump as the next US president, the 10-year term premium made its biggest single-day jump since 2011. The move was within the […]
