ABU DHABI // A new law was passed by the Federal National Council to protect domestic products from imports being sold for less than what is considered fair market value. The anti-dumping law will add indirect taxes to balance prices and allow local companies to sue over such practices. It applies to products imported from countries outside the GCC. The aim is to set standards for fair […]
Your daily guide to community and cultural activities across the Emirates for January 11, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Ajman Wedding fair Attend the opening of The Ajman Palace Hotel Wedding Fair, which features more than 50 vendors, designers and wedding planners from around the country catering to luxury weddings. Following the ribbon-cutting […]
Since the start of the 21st century the South American nation of Suriname, population 540,000, has been riding a commodity boom that yielded major benefits for a country rich in bauxite, gold, oil and bananas. From 2000 to 2014, annual per capita income more than quintupled to almost $10,000. Child mortality fell by a third. A child born there today can expect to live to 70, up […]
The FTSE 100 notched up its longest run of record highs on Tuesday as another low for sterling helped the UK’s blue-chip index outperform European peers. The main London benchmark added 0.5 per cent, up 37.7 points to 7,275.47. It was the FTSE’s ninth consecutive record-high close as well as its 11th consecutive gain, a winning streak it has only equalled three times — in 1997, 2004 […]
The debate about “fake news” has gripped politics since the election of Donald Trump in November and has entered markets as investors spar over a “great rotation” from bonds into stocks. Long predicted by some analysts, expectations of a pronounced rotation out of low-yielding bonds and defensive share sectors into areas of the equity market that prosper from faster economic growth have been heightened by the prospect […]
For more evidence that central bank intervention in the foreign exchange market is increasingly becoming an exercise in futility – look no further than Mexico. The peso briefly sank to a fresh all time low against the dollar on Tuesday, dropping by as much as 1.1 per cent to MXN 21.6227, as concerns continue to mount over incoming US president Donald Trump’s trade rhetoric towards Mexico, report […]
The organisers behind the upcoming show CATS the Musical at Dubai Opera have released a number of AED275 tickets for the show. Andrew Lloyd Webber’s record-breaking musical, one of the longest-running shows in West End and Broadway history, opens in Dubai Opera on January 16 next, for a limited ten-night run until January 25. Performed by Broadway Entertainment Group, the production is an adaptation of TS Eliot’s […]
By Parisa Hafezi | ANKARA ANKARA The death of former president Ali Akbar Hashemi Rafsanjani deprives Iran’s reformers of a powerful ally, boosting anti-Western hardliners before a presidential election which will determine how open Tehran is to the world. The loss of Rafsanjani’s skills as a factional powerbroker also means rivalries in Iran’s unwieldy dual system of clerical and republican rule could grow unchecked, testing the stability […]
January 10, 2017 by: Nicole Bullock in New York US stock market bulls can be forgiven for feeling like Vladimir and Estragon, the two characters in Waiting for Godot. Donald Trump’s promise to cut tax and business regulation sent the Dow Jones Industrial Average up more than 8 per cent in quick order following his election in early November. However, it has failed to crack the 20,000 […]
The Merry Christmas ransom note features Futurama’s evil Robot Santa. Image: SANS Internet Storm Center Unsuspecting internet users could find themselves on the receiving end of an unwanted belated Christmas present, malware that doesn’t only encrypt their Windows PC and hold it to ransom, but also steals personal data and login credentials. Spotted by cybersecurity researchers in the first week of the year, the Merry Christmas ransomware […]
Over 13 years, consumption of gasoline rose in countries that lowered taxes or raised subsidies The average tax on petrol in 157 nations fell 13 percent from 2003 to 2015, even as the world acknowledged the need to slash greenhouse gases from fossil fuels, researchers reported Monday. Over 13 years, consumption of gasoline rose in countries that lowered taxes or raised subsidies, they said in a study […]
Well this is a relatively fast exit. In March last year a brand new smart watch brand appeared hoping to offer something different. Combining the incredible engineering talent in Central Europe’s Romania, with the the business smarts of London and former executives from Citizen watches, the Vector startup carved out a very credible slot in the ‘affordable luxury’ smart watch sector. Only year later, Vector has been […]
PARIS French cosmetics group L’Oreal (OREP.PA) is acquiring three specialized skincare brands – CeraVe, AcneFree and Ambi – from Canada’s Valeant Pharmaceuticals International (VRX.TO) for $1.3 billion in cash to expand into one of the fastest growing areas of the beauty industry. The French cosmetics giant paid nearly eight times the brand’s combined annual revenue of $168 million. “These three brands, built on strong relationships with health […]
A man wearing a VR headset experiments with a merged reality experience using Project Alloy at the Intel exhibit during the 2017 Consumer Electronic Show in Las Vegas Virtual reality sought its stride Friday at the Consumer Electronics Show, where despite being a hot topic there was little sign it is racing into mainstream culture. Show floor space devoted to virtual reality abounded with companies diving into […]
The Federal Reserve should be ready to consider reducing the size of its balance sheet as part of its efforts to prevent overheating in the US, a senior policymaker said as he noted the pick-up in wage inflation and predicted a return of inflation to target by the end of the year. Eric Rosengren, the president of the Federal Reserve Bank of Boston, said that if the […]
Tuesday 02:10 GMT Overview Stock and currency markets across Asia were mixed as Wall Street again pulled back from record highs, leaving the Dow Jones Industrial Average shy of the 20,000 milestone. Hot topic Producer price inflation in China continued to climb, with data showing wholesale prices rose in December at their fastest pace since September 2011. The producer price index was up 5.5 per cent year […]
By David Morgan | WASHINGTON WASHINGTON U.S. House of Representatives Speaker Paul Ryan and top members of President-elect Donald Trump’s transition team on Monday discussed a controversial plan to tax imports during an evening meeting on Capitol Hill, a Trump adviser said. Trump’s incoming chief strategist Stephen Bannon said the meeting examined two provisions of Ryan’s “Better Way” tax reform blueprint, including a border-adjustability measure intended to […]
By Tom Miles | GENEVA GENEVA Smoking costs the global economy more than $1 trillion a year, and will kill one third more people by 2030 than it does now, according to a study by the World Health Organization and the U.S. National Cancer Institute published on Tuesday. That cost far outweighs global revenues from tobacco taxes, which the WHO estimated at about $269 billion in 2013-2014. […]
Last year was a relatively tough year for real estate players across the UAE, as the market adjusted to lower levels of economic growth. This ‘new normal’ is a reflection of oil prices well below their peaks of 2014 and 2015. While the average oil price declined dramatically during 2015, the decline was much more modest in 2016 and it is important to recognise that oil prices […]
Terrifying, crazy and breathtaking could all be used to described the Dinner in the Sky experience. Taking flight in Dubai from January 10, a maximum of 22 diners at a time will be hoisted 50 metres in the air over Dubai Marina to enjoy one of the most unique dining initiatives in the world. The big dining table in the sky is not for the fainthearted, foodie […]
The real reason Windows has sunk below the 50-percent mark is that smartphones and tablets are continuing to grow while the desktop keeps shrinking. Image: Nate Ralph/CNET Windows is still the most popular end-user operating system, but it’s now used by less than half of the visitors to the federal government’s websites. Windows has fallen to less than half of web visitors to US government websites. The […]
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The Galaxy Note 7’s exploding battery debacle not only triggered a massive PR nightmare for Samsung, but its withdrawal was instrumental in the company incurring revenue losses. Due to this situation, shares of Samsung Electronics dropped soon after the mishap occurred. However, Investors have now reposed faith in the company and their confidence in Samsung Electronics is evidenced by the performance of its stock. Despite all the troubles […]
Once again, the dawn of a new year is upon us. People will wonder what to do, what will happen and what can they expect. We, as humans, will rely on pundits to tell us what they think and yes most of what will be said will have a 50/50 chance of being as much right as wrong. This year is going to usher in many seismic […]
