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Konrad Mizzi offered no new information on his involvement in the Panama Papers scandal today when he briefed a European Parliament committee on the Maltese EU presidency’s priorities for the energy sector. Only one non-Maltese MEP, Reinhald Butikofer of the Greens, mentioned the scandal, despite several MEPs asking technical questions about Dr Mizzi’s energy portfolio. The only other Panama Papers-related questions came from Nationalist MEPs David Casa […]

Dennis Muilenburg, chief executive of Boeing, welcomed Donald Trump’s habit of individually targeting companies like the US aerospace and defence manufacturer for criticism via Twitter, praising the new president for “directly engaging” with corporate America.  Rather than feeling bullied, Mr Muilenburg was effusive in his praise of the president’s social media strategy, as well as his economic plans including tax reform, saying he was giving business a […]

The growth in computing power and battery life for phones and tablets has left traditional PCs and desktops searching for an identity. This has forced manufacturers to reexamine the form, functionality, and purpose of PCs overall and desktops in particular. If a tablet can do what once required the power of larger systems, do desktops even have a place in the market? PC sales continue […]

Dell is expanding its education options and now it’s offering more choices: its latest education laptops can now run either Windows 10 or Chrome OS. This week brought a number of affordable laptops and hybrids specifically designed for classroom use and a number of offers from both Google and Microsoft hold great potential. Dell is not playing favorites and its new education laptops are ready to go both […]

Celebrate the Chinese New Year with these inspired products. newslide Beautiful brocades Who would have thought that a Chinese New Year-inspired capsule collection could look so chic? Sandro combines flirty femininity with a touch of punky attitude in this new range, which was produced especially for the new year occasion. The salmon-pink and gold shift dress with a ruffled bib neckline would be an ideal Valentine’s date […]

Dow 20,000 is here at last. No regular reader — or indeed, any sentient and sensible human being — should base any investment decision on the Dow. Its methodological flaws are irremediable. And in any case, round numbers should not matter. One brief illustration of the Dow’s primitive methodology will suffice. Just five of its stocks — Goldman Sachs, IBM, Boeing, UnitedHealth and JPMorgan Chase — account […]

Tribune Media CEO Peter Liguori is leaving Tribune Media after three years leading the TV news and entertainment company. Liguori, who will step down in March, said in a statement his decision to exit the company that needed “a new leader” to navigate the broadcast-centric corporation. Tribune Media — then known as Tribune Company — spun off its newspapers into a separate company, Tribune Publishing, in 2014. Its […]

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Contemporary dance, live music, affordable art and specialised tours of some of Dubai’s leading galleries are all part of this weekend’s Quoz Arts Fest. Taking place in Alserkal Avenue and the surrounding areas, the event is back for its fifth edition, with more than 30 venues participating in the free festival. Alserkal Avenue director Vilma Jurkute says the fact that the event has grown since its inception […]

Wednesday 14:35 GMT Overview Major global stock markets are rallying as the Dow Jones Industrial Average breaches 20,000 amid revived hopes for faster US growth. Benchmark sovereign bonds yields are rising, but oil and gold prices are moving lower despite a weaker dollar. Hot topic The “Trump trade” is back on and it has the Dow through 20,000 for the first time? The average, though a price-weighted […]

The Dow Jones Industrial Average on Wednesday rose above 20,000 points for the first time marking a milestone for Wall Street’s venerable equity barometer as the Trump trade that stalled at the onset of 2017 resumes. The gauge of blue-chip companies climbed 0.5 per cent to 20,014 in opening trading, as US equities extended their record-setting rally that began after the presidential election in November. Investors have […]

Wednesday 05:05 GMT Overview Major stock markets across Asia were mostly positive, buoyed by a record high for the S&P 500 in the US and by stronger prices for base metals supporting materials stocks. Hot topic The Australian dollar was the big loser among Asian currencies, down 0.5 per cent at $0.7541 against its US counterpart after inflation data for the December quarter fell short of economists’ […]

By Tetsushi Kajimoto | TOKYO TOKYO Japan’s exports rose for the first time in 15 months in December on strong sales of electronics and car parts, a positive sign for the export-reliant economy even as U.S. protectionism threatens to hurt trade across the region and dent external demand. Ministry of Finance data showed on Wednesday that exports rose 5.4 percent year-on-year in December, compared with a 1.2 […]

Until recently, oil rich Gulf states could afford to ignore global bond markets. While developed and developing countries issued record sums of debt in the years after the financial crisis, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates used the vast oil wealth to propel themselves to affluence. The states — members of the six-country Gulf co-operation council — built skyscrapers, schools and motorways […]

Investors are signalling a stronger US economy and the risk of rising inflation under the Trump administration, as robust price gains for precious and industrial metals have this month spurred a rise in miners’ shares. MSCI’s ACWI Metals & Mining index, a broad barometer that tracks companies around the world, has rallied nearly 15 per cent in 2017, the strongest year-to-date showing in more than a decade, […]

Trading on Wall Street was dominated by earnings announcements from blue-chip companies on Tuesday, while big carmakers rose off the back of a meeting with President Donald Trump. Results from the likes of DuPont, Verizon and Lockheed Martin pushed the broad market slightly higher. The Dow Jones Industrial Average was up 0.6 per cent to 19,912, while the S&P 500 gained 0.7 per cent to 2,280. The […]

Of the many quandaries investors must grapple with this year, high on their list is Donald Trump’s relationship with Vladimir Putin. Not far behind is this — should they throw off their instinctive caution about Russia and its president, and push the rouble a lot higher? The turnround in the Russian rouble’s fortunes largely reflects the recovery in the price of oil, the country’s biggest export. That […]

By Bernie Woodall | DETROIT DETROIT Ford Motor Co (F.N), in a bid for a piece of the rapidly growing global auto parts market, is launching a new brand called Omnicraft to sell parts to Ford dealers and independent repair shops to fix competitors’ vehicles. Omnicraft joins Ford’s established Motorcraft which makes parts for Ford vehicles. Frederiek Toney, president of Ford’s customer service division, said the global […]

A wave of about 25 African, European and South American countries is set to join the China-led Asian Infrastructure Investment Bank this year, reinforcing Beijing’s determination to push a global agenda even as US President Donald Trump rails against the ills of economic globalisation. Jin Liqun, president of the AIIB, said on Monday that an expanded membership would help boost lending by the $100bn multilateral organisation, which […]

Specifications for ZTE’s new Hawkeye smartphone are being reconsidered after the company learned of disappointed backers of the phone’s crowdsourcing campaign, ZTE’s VP Jeff Yee has admitted in the company’s community page. The specs, which were revealed after the launch of the Project CSX campaign, were considered unsatisfactory by consumers who took a leap of faith and backed the Kickstarter campaign for the smartphone early on. Project […]

SYDNEY The dollar was under pressure in Asia on Tuesday as U.S. President Donald Trump’s focus on trade protectionism fueled suspicions his administration might seek a competitive advantage through a weaker currency. The talk of trade wars favored safe-haven Treasuries and the Japanese yen while leaving equities mixed. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent but Tokyo’s Nikkei slipped 0.3 percent. Sentiment […]

Three of the world’s largest textbook publishers have subpoenaed Amazon to reveal the names and financial accounts of online vendors who allegedly sell counterfeit books at “too good to be true” prices. Pearson Education, Cengage Learning and McGraw Hill Education are suing 100 unnamed Amazon marketplace sellers for copyright infringement. In a complaint filed in New York federal court earlier this month, the publishers accused the sellers […]

By Maher Chmaytelli and Saif Hameed | BAGHDAD BAGHDAD Iraqi officials said on Monday government forces had taken complete control of eastern Mosul, 100 days after the start of their U.S.-backed campaign to dislodge Islamic State militants from the city. The deputy parliament speaker announced the capture of the east of the city, Islamic State’s last major stronghold in Iraq, after a meeting with Prime Minister Haider […]

Generali, Italy’s largest insurer, has bought voting rights amounting to 3.01 per cent in Intesa Sanpaolo in a defensive move designed to block a mooted takeover bid by the country’s largest bank. The move came after shares in the insurer rose nearly 4 per cent on Monday following a report in Turin-based newspaper La Stampa suggesting Intesa was considering a takeover bid in tandem with Germany’s Allianz. […]

By Roberta Rampton and Steve Holland U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies as China’s influence in the region rises. Fulfilling a campaign pledge to end American involvement in the 2015 pact, Trump signed an executive order in the Oval Office pulling the United States from the 12-nation TPP. “Great thing […]

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