Last week, the Office for National Statistics released the inflation results for the British economy. Even though most analysts weren’t expecting any huge differences, the numbers (updated until February) paint a completely different picture. In February, the inflation rate increased rather sharply. On a month-on-month basis, the CPI increased by 0.7% (whereas January was a month with deflation). The current YoY inflation rate based on the CPI […]
By Vladimir Soldatkin and Rania El Gamal | KUWAIT KUWAIT A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. An earlier draft of the statement said the committee “reports high level of conformity and recommends six-month extension”. But the final statement […]
After a week dominated by questions over whether Donald Trump will be able to push his economic agenda through Congress, here are the questions FT markets reporters are asking in the final trading week of March. Will investors keep faith in Trump’s ability to drive tax cuts? That is the question facing equity markets after the White House failed to muster the support needed in the House […]
PARIS French presidential candidate Marine Le Pen sought on Sunday to reassure voters concerned over her plans to withdraw the country from the euro zone, saying it “wouldn’t be chaos” and she would seek “well-prepared” talks with other European Union countries. Opinion polls show the anti-EU, anti-immigrant National Front (FN) leader qualifying for the April 23 first round of the presidential election but losing the May 7 […]
By Tsvetelia Tsolova and Angel Krasimirov | SOFIA SOFIA Bulgarians were voting in a snap general election on Sunday, with the centre-right GERB party challenged for power by Socialists who say they will improve ties with Russia even if it means upsetting the country’s European Union partners. Many Bulgarians feel a strong cultural affinity for Russia, with which they share the Cyrillic script and Orthodox Christianity and […]
By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. Manufacturing is recovering from a prolonged slump, driven by the energy sector, bucking a slowdown in the broader economy. The Federal Reserve last week described business investment […]
The first charter flight that flew close to the Antarctic Circle from New Zealand returned on Friday with excited passengers having a close look at the Aurora Australis phenomenon in green hues, also known as Southern Lights. Buoyed by the good response, the organizer is looking to plan more fights in the future. The initiative was taken by Ian Griffin, an Otago museum director and astronomer himself. Having […]
I am blessed to write about smartphones here on ZDNet and tend to overspend on the high end flagships because of how much time I spend using phones every day. However, after 10 days with my T-Mobile SIM in the new Moto G5 Plus, it will be very difficult to justify spending more than $300 on a smartphone again. The Moto G4 Plus, check out my review […]
China has prevented an academic critical of its growing influence in Australia from travelling home to Sydney, casting a shadow over Chinese Premier Li Keqiang’s state visit to the country. Feng Chongyi, a Chinese citizen who teaches at University of Technology Sydney, was halted from boarding at least two flights from China to Australia this weekend. Mr Feng is a permanent resident of Australia, which means he […]
HONG KONG Carrie Lam, who won an election to become Hong Kong’s first female chief executive on Sunday, is a former student activist who climbed the rungs of the civil service over 36 years, and a tough, capable and possibly divisive Beijing-backed leader. Lam, 59, most recently Hong Kong’s number two official, has to unify the Chinese-ruled city as public resentment swells at Beijing’s growing interference in […]
By James Pomfret and Venus Wu | HONG KONG HONG KONG A Beijing-backed civil servant, Carrie Lam, was chosen to be Hong Kong’s next leader on Sunday amid accusations that Beijing is meddling and denying the financial hub a more populist leader perhaps better able to defuse political tension. The majority of the China-ruled city’s 7.3 million people have no say in deciding their leader, who is […]
Apartment rental rates in Dubai saw minor increases in February, while there was significant fluctuation in Abu Dhabi rents, according to a new report. Real estate website Bayut said that with the addition of new units over the past few months, the market is becoming more affordable for both buyers and renters. According to Bayut.com, the average rent in Dubai rose from AED114,000 to AED115,000 last mohth […]
I’ve been asked several times over the past few days about how to wipe an iPad ready for resale (presumably because Apple has a new iPad out). Instead of repeating myself over and over, I thought that a post was in order. It’s in fact dead easy. Tip: Remember to do a backup via iTunes first … there’s no going back from a wipe! If you paired […]
Authored by Johnny Hopkins via The Aquirer’s Multiple blog, One of our favorite investors at The Acquirer’s Multiple – Stock Screener is Howard Marks. Howard Marks is Chairman and Co-Founder of Oaktree Capital Management, the world’s biggest distressed-debt investor. He’s known in the investment community for his “Oaktree memos” to clients which detail investment strategies and insight into the economy, and in 2011 he published the book The Most […]
The Moto G5 Plus has yet to make its way to the United States, but will finally arrive later this month. The handset made its debut back in February at the Mobile World Congress 2017 and it already launched in some markets, with the United States slated for a spring release. The Moto G5 Plus makes an enticing proposition, packing good specifications and the latest software – […]
Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today’s markets are dangerously overpriced. Being market fundamentalists who don’t believe it’s possible to simply print prosperity out of thin air, we’ve been deeply skeptical of the financial markets ever since the central banks began their highly interventionist policies. Since 2009, they have […]
Mr. Mohammad’s particular experience, however, does not fit easily into this narrative. He lives in a majority-Muslim country, has little interest in seeking asylum in the West and treads an unlikely path followed by few former jihadis. Continue reading the main story His is a story that began in a Kurdish part of northern Syria, Afrin, where he grew up in a Muslim family. Mr. Mohammad flirted […]
A rush by emerging market governments to sell debt before the US Federal Reserve further raises interest rates this year has propelled issuance in Asia to record levels since the start of January, new data shows. Swelled by a $3bn Indonesian bond launched on Thursday, the total value of sovereign bonds sold in Asia, excluding Japan, reached $8.2bn in the year so far, up from $6.5bn in […]
Platinum is a very expensive metal and it is therefore one of the bottlenecks hindering the growth of renewable energy. Platinum is used as the catalyst in electrolysers that store electric energy as chemical compounds, and it also plays an important role in fuel cells, catalytic converters and many chemical processes used in industry. A group of Aalto University researchers led by professors Tanja Kallio and Kari […]
By David Morgan | WASHINGTON WASHINGTON After failing to repeal Obamacare, Republicans in the U.S. Congress quickly pivoted on Friday to President Donald Trump’s next priority: overhauling the federal tax code, but their plan has already split the business community. Division among Republicans was the chief cause of the embarrassing setback on Obamacare, and similar fault lines have been evident for months in the Republicans’ tax plan, […]
By Rodrigo Campos and Chuck Mikolajczak | NEW YORK NEW YORK The death of the Republican healthcare reform may not prove to be the knife to the heart of the bull market some had feared, but to keep the Trump Trade alive investors should temper expectations for the breadth of expected tax cuts. Anxiety over prospects for the healthcare bill gave stocks their largest weekly drop since […]
Micron Technologies saw its shares climb to their highest level in two years after the semiconductor maker reported a strong quarter of sales and profit and signalled that the good times would continue to roll. The stock was one of the day’s biggest gainers, rising 7.4 per cent to $28.43. Strong demand and rising prices helped Micron deliver a 58 per cent jump in revenue to $4.65bn […]
Click image to enlarge Companies and individuals engaged in legal, real estate, agricultural, commercial and advisory services and consultancies are among the first 120 to be investigated by the Costa Rican tax administration, said the treasury department today. The names were identified in a publicly searchable database released last April during the Panama Papers scandal by the International Consortium of Investigative Journalists (ICIJ) to publicize various types […]
Alteryx, the data analytics company, went public on the New York Stock Exchange today, marking the third IPO of the year. The company priced its IPO yesterday at $14 per share, and closed Friday at $15.50, or 10.7% higher. Alteryx works with clients like Amazon, Ford and Coca-Cola to help them better assess what products are selling and where there are market inefficiencies. CEO Dean Stoecker touted a […]
