Kuwait’s emir appointed Essam Abdul Mohsen Al-Marzouq as the country’s new oil minister on Saturday, state news agency KUNA reported. Marzouq has previously served as head of the country’s stock exchange and as a board member of state-run Kuwait Petroleum Corp (KPC). Opposition candidates won around half of the parliament’s 50 seats last month in a poll seen by Kuwaitis as a referendum on austerity measures brought […]
The Moto Z Force Droid Edition, see my full review, was launched in August and it demonstrated that a functional modular design was possible. I then purchased my own GSM Moto Z, but returned it because it was priced too high, the battery wasn’t large enough, and I wasn’t sure when it would get updated to Android 7 Nougat. I bought my first 2013 Moto X because […]
Ahead of next week, here are the big questions we are asking at FT Markets What signal will the Federal Reserve send? The last US central bank meeting of the year will unfold on Wednesday with all eyes on officials’ latest assessment of the economy and the press conference of Fed chief Janet Yellen. Plenty has changed since their previous gathering just before the US election. Dollar […]
Donald Trump has picked Andrew Liveris, the chief executive of Dow Chemical, to lead his advisory council on manufacturing, giving him a connection to the new administration at a time when he is trying to secure approvals for a complex $130bn merger with DuPont. Mr Liveris previously served in a similar advisory role for President Barack Obama. At a rally in an arena in Michigan on Friday […]
By Dominic Evans and Stephanie Nebehay | BAGHDAD/GENEVA BAGHDAD/GENEVA The Iraqi army said it took full control of two more districts of east Mosul on Saturday, pushing back Islamic State militants in a slow and hard-fought advance into the city whose 1 million residents face growing shortages of fuel, water and food. A military statement said elite Counter Terrorism Service (CTS) troops took over the neighbourhoods of […]
VIENNA OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. With the deal finally signed after almost a year of arguing within the Organization of the Petroleum Exporting Countries and mistrust in the willingness of non-OPEC […]
Patience and preparation are the key to a great deal. Buying a new PC or Mac is a major purchase, potentially costing $1500 or more. Top-of-the-line new designs like the Microsoft Surface Book and Apple’s MacBook Pro (2016) can easily approach a $3000 list price. But you don’t have to pay that sticker price. With a little preparation and some patience, you can save 30, 40, even […]
Apart from the LG G6, poised as the upcoming G-series flagship, LG is also working on a new, midrange V-series phone, a less pricey option between its other V-series flagships, the V10 and V20. The aforementioned phone in the works is reportedly called the LG V5, and OnLeaks has now published product renders of the forthcoming smartphone. Awaiting a fresh new flagship leak, this is roughly […]
US biotechnology stocks have surrendered much of the gains accrued in the wake of last month’s presidential election after comments from Donald Trump stoked concerns that the incoming administration will crack down on rising drug prices. The Nasdaq biotechnology index has skidded almost 4 per cent from Tuesday’s closing level after the president-elect told Time Magazine that he does not “like what has happened with drug prices” […]
For a quick study in market blindness, look at how an obscure US fund reacts to events in a country where markets do not even exist. Nearly two years ago US president Barack Obama and Cuban president Raúl Castro jointly announced their intent to rejuvenate the diplomatic and commercial relationship between their two countries. Until that day, the Cuba closed-end fund had historically traded beneath its net […]
In early 2009, roughly at the time when this blog was launched which coincided with the start of the greatest monetary experiment of all time, we warned that there are two ways it will end: either in hyperinflation, or a deflationary supernova, the failure of currency and, eventually, barter. Now, almost 8 years later, some of the world’s top hedge funds are in agreement, and they are […]
When it comes to tablets, the two that I hear the most about from consumers are Apple’s iPad and Amazon’s Fire range. It’s pretty much like everyone else has given up on tablets and left the market to these two behemoths. But which offers the best holiday tablet? See also: How to make the rechargeable battery in your smartphone, tablet or laptop last for years The first […]
Strong competition will continue in Saudi Arabia’s construction sector due to extensive cuts in capital expenditure, forcing continued downward pressure on contractors margins, according to a new report. Property consultancy Colliers International said the decline in construction costs in the Gulf kingdom is set to ease, but “tough” market conditions will prevail. Construction costs have plummeted since the oil-price crash began in 2014, which led to a […]
The shortage in supply of the NES Classic Edition has frustrated customers who have been looking forward to reliving the games of the past. However, Nintendo has promised that gamers will be able to buy the retro console before Christmas. If this is true, it would be a great holiday gift to fans of the old NES titles. NES Classic Edition Supply Shortage The supply shortage for the […]
This is part of a series on the global rise of exchange traded funds The morning after the US election Steven Bregman, a New York-based hedge fund manager, began to notice something strange going on in a corner of the stock market. His screen showed that shares of gold mining companies were being sold indiscriminately, falling by double digits, even though the price of gold itself had […]
The Dubai Land Department is cleaning out unscrupulous real estate agents and greedy landlords in a bid to polish the emirate’s reputation as a transparent property market attractive to investors across the world. In an exclusive interview with Arabian Business, Ali Abdulla Al Ali, director of the Dubai Land Department’s (DLD) real estate licensing division, says several new initiatives introduced this year are already showing benefits. Al […]
Sony reportedly wants to be the first smartphone maker beside Google to push Android 7.1.1 Nougat to its smartphones. In fact, releasing the latest Android 7.1.1 Nougat build is apparently the “number one priority” for Sony’s developer team, according to a new report. “If you spot any other vendor (excluding Google) releasing this faster than us, prepare your rotten tomatoes,” Sony’s developer team told the Xperia Blog. Android […]
Global investors are turning their backs on French government bonds, reflecting alarm over the capacity for next year’s presidential election to deliver another shock to the eurozone and financial markets. A pronounced drop in French sovereign bond prices suggests they are being treated less like those of a core European economy and more like securities issued by the region’s least creditworthy countries. The selling has pushed the […]
“When we took the land in Dubailand and talked about our plans to launch a sustainable project, many thought we were just bluffing. Today, when people come and see our project they are simply amazed,” says Faris Saeed, sitting in his temporary office in one of the solar-powered villas in The Sustainable City. Ironically, the new city is the result of a failed development called The Lagoons, […]
Opec’s first supply cut in eight years looks set to earn the 13-member cartel an extra $5bn a month in revenues. The 15 per cent rally in oil prices since last Wednesday’s agreement looks like an impressive return from a marginal cut in output, even if the deal was months in the making. Beyond the headline price reaction the market has thrown Opec a curve ball. Oil […]
Submitted by Steven Horowtiz via The Foundation for Economic Education, The headlines tell us that the Dow Jones is up around 1,000 points since Donald Trump won the election on November 8th. The conventional wisdom is that this shows how much confidence people have in Trump’s ability to generate a healthy American economy. The argument is that if people are willing to buy stock in American firms, […]
It is a story of the markets against the US Federal Reserve — and so far, the markets have been on the right side of the call. Bond market movements have this year proved a better guide to potential shifts in benchmark rates than has the Fed’s official range of projections. But as Donald Trump prepares to take power amid expectations that the Fed will next week […]
By David Lawder | WASHINGTON WASHINGTON President-elect Donald Trump is stacking his trade transition team with veterans of the U.S. steel industry’s battles with China, signaling a potentially more aggressive approach to U.S. complaints of unfair Chinese subsidies for its exports and barriers to imports. Led by Wilbur Ross, a billionaire steel investor and Trump’s nominee for commerce secretary, Dan DiMicco, the former CEO of steelmaker Nucor […]
Barack Obama has ordered US intelligence agencies to conduct a “full review” of alleged Russian hacking into this year’s election and to issue a report before he leaves office next month. Lisa Monaco, White House counter-terrorism adviser, said that the review, which would be sent to Congress but which might not be made public, would look at both what happened during the election and would consider “some […]
