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By Michele Sinner and Julia Fioretti | LUXEMBOURG/BRUSSELS LUXEMBOURG/BRUSSELS Uber provides a transport service and must be licensed, the European Union’s top court said on Thursday, in a potential blow to the U.S. firm which says it is merely a digital enabler. “The Uber electronic platform, whilst innovative, falls within the field of transport: Uber can thus be required to obtain the necessary licenses and authorizations under […]

11 May 2017 The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it achieved a total operating income of US$ 249 million during the first quarter of 2017 and the total financing and investments recorded slight increases at the end of March 2017 compared to end of December 2016. Al Baraka Banking Group has continued during the first quarter of 2017, […]

By Douglas Busvine | DHARAMSALA, India DHARAMSALA, India Top U.S. lawmakers delivered a blunt message to China on Wednesday that they would not relent in their campaign to protect human rights in Tibet, calling for legislative and trade steps to press home their point. Nancy Pelosi, leading a bipartisan Congressional delegation to meet the Dalai Lama, vowed to stand by the exiled Tibetan spiritual leader even as […]

Jes Staley, chief executive of Barclays, has apologised to shareholders for the “error” he admitted he had made in trying to uncover the identity of a whistleblower. In an attempt to take the sting out of the bank’s annual meeting on Wednesday, the Barclays CEO said: “I feel it is important that I acknowledge to you, our shareholders, that I made a mistake in becoming involved in […]

By Jonathan Stempel | OMAHA, Neb. OMAHA, Neb. It has been decades since anyone thought of Warren Buffett’s Berkshire Hathaway Inc, or even its insurance operations, as “very, very small.” But that’s how a senior executive describes biBERK, a unit that lets owners of small businesses shop online for commercial vehicle, general liability, property, workers’ compensation and eventually professional liability insurance. The biBERK chief operating officer, Rakesh […]

Back to normal, for now… South African stocks hit an 11-month high on Tuesday, as markets calm a month after the surprise ousting of the country’s finance minister, but analysts warned that political worries could rear their heads again soon. The FTSE/JSE All-Share index climbed 1 per cent today, hitting a high of 54,255, its highest level since June 2016. Bank stocks, which were particularly badly hit […]

A federal appeals court on Tuesday said the U.S. government did not commit an “illegal exaction” harming American International Group Inc (AIG.N) shareholders led by former Chief Executive Maurice “Hank” Greenberg when it bailed out the insurer in 2008. The Federal Circuit Court of Appeals in Washington, D.C. also said Greenberg’s Starr International Co did not have legal standing to pursue claims over the government’s acquisition of […]

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By Douglas Busvine | DHARAMSALA, India DHARAMSALA, India A U.S. Congressional delegation visited the Dalai Lama at his headquarters in India on Tuesday, seeking to draw world attention to human rights in Tibet as President Donald Trump eyes warmer ties with China. House Democratic Leader Nancy Pelosi flew with a bipartisan delegation to the Himalayan hill town where the 81-year-old Buddhist leader is based, on a trip […]

By Tom Hals and Diane Bartz | WILMINGTON, Del./WASHINGTON WILMINGTON, Del./WASHINGTON Health insurer Anthem Inc (ANTM.N) asked a Delaware judge on Monday to give it more time to try to win approval for a merger with rival Cigna Corp (CI.N), which is seeking to end the deal and collect a $1.85 billion break-up fee. Anthem asked Vice Chancellor Travis Laster of Delaware’s Court of Chancery to grant […]

WASHINGTON U.S. Environmental Protection Agency chief Scott Pruitt has recused himself from several court cases that he pursued against the agency when he was Oklahoma attorney general, according to a recusal statement. Pruitt, who had sued the environmental agency more than a dozen times when he was the oil- and gas-producing state’s top legal officer, had pledged during his Senate confirmation that he would step aside from […]

Mr. Greenblatt got a very different message at an earlier dinner with two other prominent Palestinians, Salam Fayyad and Ziad Asali, and two American Jewish diplomats, Elliott Abrams and Dennis B. Ross. They all told him that a breakthrough was not realistic now, and that Mr. Trump would be better off pursuing incremental advances, like bettering the economic fortunes of the Palestinians. Continue reading the main story […]

ENEC completes handover of Unit 1 systems to KHNP for commissioning, marking end of initial construction activities for the first of four units of the Barakah Project KHNP will lead the commissioning work of the first UAE-based APR-1400, as part of the scope of the 2009 Prime Contract Federal regulatory approval from FANR, in addition to international nuclear assessments from IAEA and WANO, will be […]

By James Pearson and Ju-min Park | SEOUL SEOUL In February 2016, Yoo Chang-geun and around 120 other South Korean businessmen frantically pulled their staff out of the Kaesong Industrial Zone, jointly run with North Korea. Seoul had ordered it closed after Pyongyang defied international warnings and tested a long-range rocket. Now, with South Koreans in next week’s presidential election almost certain to elect liberal Moon Jae-in, […]

Google has agreed to pay €306 million in back taxes to Italy and Ireland to end a criminal investigation into whether the company avoided paying the full amount on its revenues for more than a decade, Italian tax officials confirmed on Thursday. The agreement resolves multiple disputes including a criminal probe that saw Milan prosecutors accuse Google of generating revenues of €1 billion in Italy and Ireland […]

Jeff Immelt, the GE chairman and chief executive, has called for Donald Trump to keep the US in the Paris climate accord, weighing into a debate inside the new administration over a campaign promise to withdraw from the landmark agreement. “We are for staying in the treaty. I think global engagement is a good thing,” Mr Immelt told a Washington audience on Thursday.  The business community “has […]

(Image: file photo) Last month, several competing students from universities across the US descended upon San Antonio for the National Collegiate Cyber Defense Competition (CCDC). CCDC, which originated in 2005, is a defensive security competition that puts students in a real-world commercial IT environment and tests their ability to defend, detect, and respond to outside threats, including maintain availability of existing services like mail servers and web […]

Donald Trump and Republican leaders in Congress are poised for a high-stakes vote on healthcare reform on Thursday that could decide whether the president will achieve one of the key elements of his domestic legislative agenda following a rough first 100 days in office. After three months of roller-coaster efforts to repeal and replace the Affordable Care Act — the healthcare law known as Obamacare that was […]

Digitization identified as key for region to retain leadership in global logistics landscape Dubai, United Arab Emirates, May 4 2017  Supply chain optimization took center stage at the ninth GPCA Supply Chain Conference, which took place between 2-4 May 2017 at the Rosewood Hotel in Abu Dhabi. During the event, speakers highlighted logistical efficiency as a top industry priority in the GCC as traditional supply chains across […]

Ramil Comendador used his salary to pay for his law school tuition. SCREENGRAB FROM INQUIRER.net VIDEO Ramil Comendador, a former janitor at the Commission on Elections (Comelec), said he could not believe how lucky he was to pass the 2016 bar examination. “I don’t know how to thank the Lord and all those people who gave me strength. I am No. 914,” he said, pointing at the […]

In 2001, “Frontline” aired a documentary by investigative reporting legend Lowell Bergman. The movie, which chronicled the new cowboys of “Energy Alley,” contained never-before-seen interviews with Enron CEO Jeffrey Skilling and other players in the energy scandal. It was compelling footage. After Enron imploded, filmmaker Alex Gibney bought the video from PBS and used some of it in his 2005 documentary about the scandal, “The Smartest Guys […]

May 2, 2017 by: Najmeh Bozorgmehr in Tehran Iran’s hardliners are committed to the nuclear deal with world powers even as they use the accord to attack President Hassan Rouhani ahead of elections this month, a senior hardline politician said. The agreement was a “done deal” and there would be no attempts to sabotage it, said Alireza Zakani, a senior figure in the hardliners’ camp and a […]

By Ayesha Rascoe and Soyoung Kim | WASHINGTON/SEOUL WASHINGTON/SEOUL U.S. President Donald Trump on Monday opened the door to meeting North Korea’s Kim Jong Un, saying he would be honoured to meet the young leader under the right circumstances, even as Pyongyang suggested it would continue its nuclear weapons tests. “If it would be appropriate for me to meet with him, I would absolutely, I would be […]

Before comedian Hasan Minhaj got up to poke fun at the assembled White House press corps last night, Bob Woodward and Carl Bernstein got up to celebrate it. The legendary Watergate duo gave a speech evoking their investigative reporting of the Nixon administration and calling on the current generation of journalists to practice careful, thorough and relentless reporting on the current White House. Below are their remarks, […]

We are already aware that dragonflies can do some incredible things for the survival of its species, like long-distance flying and anticipating a prey’s movements for a swift kill. The colorful fliers also exhibit some unusual behavior but it is not until now that a zoologist has been able to discern the peculiar behavior exhibited by females of the Aeshna juncea species. A study published on April 24 reveals that […]

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