By Lauren Hirsch | NEW YORK NEW YORK Snap Inc’s (SNAP.N) shares continued to defy doubts about the company’s early-stage business model and slowing user growth, jumping nearly 50 percent in their first day of trading on the New York Stock Exchange. The owner of the Snapchat messaging app raised $3.4 billion in its initial public offering on Wednesday night, more than the $3 billion Facebook (FB.O) […]
Fact-finding mission or junket? Some lawmakers are bewildered that the groups that paid for their trips are now swept up in Turkey’s current political turmoil. “I can’t imagine what they would have wanted out of the North Dakota state Legislature,” said former North Dakota state Rep. Ben Hanson, a Democrat who went on a trip sponsored by a Gulen group in 2013 with six other lawmakers from […]
ADEN: Two US drone strikes killed at least four suspected Al-Qaeda members in southern Yemen on Thursday, security officials said, barely a month after a controversial US commando raid against the jihadists.The first strike targeted the home of a known Al-Qaeda member in the Yashbum Valley in Shabwa province, a provincial security official told AFP.Four suspected militants who had been standing outside the house were killed, he […]
Beginning today, rank-and-file journalists at NPR are responsible for making sure appropriate financial disclosures are made in their stories — and they have the information to make that happen. Until now, the responsibility to disclose who funds NPR’s journalism was left to senior supervising producers. But in response to conflict-of-interest questions raised by NPR’s coverage of the Iran deal (a review found no journalistic impropriety), the public radio […]
The founders of Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, were arrested in Panama City on Thursday as the country’s attorney general launched a probe into their alleged connections with Brazil’s sprawling Lava Jato corruption scandal. Juergen Mossack and his colleague Ramon Fonseca, a former adviser to Panama’s president Juan Carlos Varela, were taken into custody and transferred to police cells […]
BEIRUT Villages controlled by the Manbij Military Council will be handed to the Syrian government in the coming days under a deal agreed with Russia, an official from the council said on Thursday. The Manbij Military Council is part of the Syrian Democratic Forces (SDF), a group of U.S.-allied militias including the powerful Kurdish YPG, which is fighting against Islamic State group but is regarded by Turkey […]
In The Way of the Strangers: Encounters with the Islamic State, journalist Graeme Wood aligns himself with the Orientalist tradition of Bernard Lewis, who warned liberal students against projecting secular frameworks on contemporary Muslim politics. Lewis believed religion, not secular grievance, was the prime motivator of this politics. This may or may not be true. In any case, the argument has limited explanatory power. It doesn’t explain […]
Photo King Salman of Saudi Arabia, center, arriving at the presidential palace in Bogor, Indonesia, on Wednesday. Credit Achmad Ibrahim/Agence France-Presse — Getty Images LONDON — You could call it bling diplomacy. As part of a monthlong tour in Asia to promote economic ties, King Salman of Saudi Arabia arrived in Indonesia on Wednesday to great fanfare, accompanied, the news media said, by a retinue with a […]
On Wednesday, Jean-Claude Juncker’s European Commission released a “White Paper On the Future Of Europe” which comes at a time of extensive tensions with the departing UK, and which lays out what Juncker believe are the “main challenges and opportunities for Europe inthe coming decade.” It presents five scenarios for how the Union couldevolve by 2025 depending on how it chooses to respond. The paper comes as […]
By John Ruwitch | SHANGHAI SHANGHAI The fortunes of the richest 100 members of China’s parliament and its advisory body – all dollar billionaires – grew about 64 percent in the four years since Xi Jinping rose to power, according to data from an organisation tracking wealth in China. Xi has overseen a crackdown on corruption and decadence, and made the fight against poverty a top priority […]
Bin Shafar: “Empower’s annual agenda has many initiatives that target the whole society” Dubai, UAE, 2 March 2017: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has been awarded the Dubai Chamber CSR Label for the third consecutive year, in recognition of the company’s social initiatives which seek to raise social and environmental awareness among its employees, clients and the whole society. […]
TOKYO Already rare among Group of Seven leaders for the stability of his reign, Shinzo Abe will have a shot at becoming Japan’s longest-serving prime minister after his party changes a rule allowing him to serve a third consecutive three-year term. That would give Abe, whose resignation in 2007 after an earlier stint started a spate of revolving-door premiers, a chance to achieve his goal of revising […]
Education, rather than exposure to immigrants, is emerging as the clearest nationwide indicator of the likelihood of Dutch voters supporting Geert Wilders’ anti-immigration Party for Freedom, according to an extensive Financial Times survey of demographic and voting data from the most recent general election. Mr Wilders’ Party for Freedom (PVV) looks on course to win the most seats in the upcoming election on March 15, but is […]
The federal government has announced that the Australian Signals Directorate (ASD) will be receiving critical infrastructure upgrades at two of its national security facilities in Canberra. The AU$75 million upgrades to the intelligence agency will be funded under the Defence Integrated Investment Program, Minister for Defence Personnel Dan Tehan said on Thursday. “The ASD is essential to Australia’s national security and these improvements will help keep Australians […]
For 2017, Toyota has added its most fuel-efficient Prius ever: a plug-in gasoline-electric hybrid called Prius Prime that can travel up to 640 miles on a full electric charge and a single tank of fuel. With its federal government fuel ratings of 54 miles per gallon on gasoline power and 133 mpg-equivalent on electricity plus gasoline, the new Prius Prime is the most fuel-efficient plug-in gasoline-electric hybrid […]
Dubai, UAE, 01 March 2017 Konica Minolta Business Solutions Middle East will be taking part at the Gulf Print and Pack 2017 running from 26th to 29th March at Dubai World Trade Centre. Konica Minolta will be showcasing and unveiling new developments at the Gulf Print and Pack 2017. As a leading global service provider in the field of IT- and document processes as well as digital […]
TOKYO Asian shares rose on Thursday as investors were encouraged by President Donald Trump’s measured tone in his first speech to Congress, which sent Wall Street stocks sharply higher, while growing bets on a U.S. rate hike this month buoyed the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent, led by rebound in Australian shares . Japan’s Nikkei .N225 rose 1.3 percent […]
Cheung Kong Infrastructure and Fosun International are among several Asian groups that have submitted bids for Q-Park, one of Europe’s largest parking lot operators, in a deal that could fetch more than $2.4bn. China Oceanwide, a Beijing-based conglomerate owned by a billionaire banking magnate, and Shougang Group, a state-owned Chinese steel company, also joined the first round of bidding on the Netherlands-based parking group, two people familiar […]
The Trump administration is preparing to ignore any rulings by the World Trade Organisation that it sees as an affront to US sovereignty, according to a leaked report prepared by officials. The move would be a departure from US practice and a blow to the international watchdog’s credibility. The hard-hitting report, which was sent to Congress on Wednesday and obtained by the Financial Times, marks the first time the […]
Its account of the convoy attack went much further than findings of a United Nations inquiry set up by then-Secretary General Ban Ki-moon, which concluded in December that the convoy had been bombed from the air but did not identify the attackers. Continue reading the main story The 31-truck convoy organized by the United Nations and the Syrian Arab Red Crescent had been carrying food, medicine, children’s […]
Overwatch fans, rejoice! Season 4 of competitive play has kicked off and a number of neat changes and additions are in the mix, including the highly anticipated server browser. The latest patch brings a new mode, a customized game browser, competitive play, hero updates, map balance changes, and bug fixes, all aiming to take the Overwatch experience to the next level. Overwatch Season 4 Hero Updates The most significant changes […]
When you’re deep in a video game, the last thing you want to do is leave home. If only you could take the game with you for your commute to work or your bus ride to school, or to liven up your lunch hour. Nintendo’s new Switch console tries to address that by letting you play it anywhere. You simply yank the Switch out of its docking […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. consumer spending rose less than expected in January as the largest monthly increase in inflation in four years eroded households’ purchasing power, pointing to moderate economic growth in the first quarter. The surge in inflation raises the possibility of an interest rate increase from the Federal Reserve this month. While still below the U.S. central bank’s 2 percent target, inflation […]
This was originally published in our weekly newsletter, Local Edition, which is a product of the Knight-Lenfest Newsroom Initiative. Subscribe here. Have you ever had a party and looked around the room at some point and thought, Wow, there are a lot of cool people here? Well, that’s how my inbox felt this week. Thanks to everyone who contributed last week by answering our first question in […]
