HONG KONG Hong Kong protest leaders said on Monday that police intend to charge at least nine activists, including students and academics, who helped organise or lead Hong Kong’s pro-democracy protests in 2014. News of the move to charge the activists comes a day after a new Beijing-backed city leader was chosen to run the Asian financial hub and vowed to unify a divided Hong Kong. The […]
Anodot team Image: Supplied Business intelligence comes down to the ability to identify and analyse issues based on a series of variables. While data analysts are adept at identifying issues they have been trained to look for, it is just as important to account for the so-called “unknown unknowns” — the issues that analysts don’t know about or wouldn’t think about investigating — before they escalate into […]
DUBAI // A troupe of 22 young dancers is heading to Disneyland Paris this week to perform for crowds at the theme park. Step Up Academy, based in Motor City, will be twirling and pirouetting on stage in one of the biggest theme parks in Europe. The expat youngsters, aged eight to 15, from 14 countries from Colombia to Egypt, Lebanon to Italy, will perform their 20-minute […]
EVEN if it threatens to affect the legislative agenda of the 17th Congress, House Speaker Pantaleon D. Alvarez has vowed to pursue an impeachment case filed against Vice President Maria Leonor G. Robredo, justifying that, in doing so, the lower chamber is only doing its mandate under the 1987 Constitution. “Whether it will affect or not [our legislative agenda], we are mandated by the Constitution to process all […]
By Suzanne Barlyn | NEW YORK NEW YORK American International Group Inc (AIG.N) executives have been meeting with investors and analysts to build confidence in the insurer and its turnaround plan amid uncertainty over a replacement for outgoing Chief Executive Officer Peter Hancock. Chief Financial Officer Sid Sankaran, commercial insurance head Robert Schimek and consumer insurance head Kevin Hogan held one meeting with a group of Wall […]
US stocks suffered their worst weekly performance since the November election after Donald Trump failed to rally support for his healthcare plan, raising the pressure on the US president as he pursues the rest of his agenda. After trading up for most of the session on Friday, the S&P 500 sold off as it became clear the alternative to Barack Obama’s Affordable Care Act lacked the votes […]
Abu Dhabi investment firm Waha Capital is in talks with potential partners in Saudi Arabia as it looks to diversify investment in some key sectors outside the United Arab Emirates (UAE), its chairman said. Saudi Arabia is opening its economy to foreign investment as part of its 2030 vision whereby the Middle Eastern country will rely less on oil and create more jobs for its citizens. Waha […]
Alibaba has joined forces with AusPost, Blackmores, and PwC to explore the use of blockchain technology to combat food fraud. The Chinese ecommerce giant said the goal is develop a “Food Trust Framework” to help improve integrity and traceability on its global supply chains. Australia was chosen to be the test bed for the new framework. Alibaba believes blockchain, best known as the technology behind bitcoin, is […]
Last week, a colleague received the printer’s proofs for an article that she submitted two years ago. You read that correctly. In the time that it takes to earn a master’s degree, she managed to navigate the labyrinth of academic peer review in order to publish one essay. It’s a success story, if you can maintain your sense of humor. Journal publishing in the humanities […]
UAE, March 23, 2017 – Drake & Scull International PJSC (“DSI” or the “Company”), a regional engineering and services leader, signed today the sale deal of its ownership share in the ONE PALM development in Dubai. The ONE PALM development, a joint venture project between Omniyat Properties and DSI, was launched in 2014. The flagship project is located on the left trunk of Palm Jumeirah and is […]
By Ece Toksabay and Tuvan Gumrukcu | ANKARA ANKARA President Tayyip Erdogan said on Wednesday that Europeans would not be able to walk safely on the streets if they kept up their current attitude towards Turkey, his latest salvo in a row over campaigning by Turkish politicians in Europe. Turkey has been embroiled in a dispute with Germany and the Netherlands over campaign appearances by Turkish officials […]
Brent crude oil fell below $50 a barrel for the first time this year after US crude inventories climbed to a fresh record, raising fears that Opec’s attempts to tighten the market are falling short. US crude inventories rose by 5m barrels in the week ended March 17, the US Energy Information Administration reported on Wednesday, triggering an immediate bout of selling that pushed Brent below $50 […]
By David Morgan and Yasmeen Abutaleb | WASHINGTON WASHINGTON U.S. President Donald Trump and Republican congressional leaders worked on Wednesday to try to secure enough support in the House of Representatives to win passage of their Obamacare rollback bill, watched by wary investors in financial markets. Repealing and replacing Democrat Barack Obama’s 2010 Affordable Care Act is the first major test of Trump’s legislative ability and whether […]
SEOUL A North Korean missile launch failed on Wednesday, with the rocket exploding within seconds, the U.S. military said, the latest in a series of North Korean weapons tests to rattle its neighbours and raise tension in the region. South Korea said the apparent test launch of one missile by nuclear-capable North Korea, from the city of Wonsan on its east coast, had failed. South Korea’s defence […]
By Steve Holland | WASHINGTON WASHINGTON President Donald Trump argued on Tuesday that his 60 days in office have been a successful keeping of his campaign promises as he attempted to turn the page from a variety of controversies that have bedevilled his White House tenure. In a speech before the National Republican Congressional Committee, Trump sprinkled his remarks with jokes, mocked his critics and expressed optimism […]
By Stephanie Nebehay | GENEVA GENEVA North Korea has nothing to fear from any U.S. move to broaden sanctions aimed at cutting it off from the global financial system and will pursue “acceleration” of its nuclear and missile programmes, a Pyongyang envoy told Reuters on Tuesday. This includes developing a “pre-emptive first strike capability” and an inter-continental ballistic missile (ICBM), said Choe Myong Nam, deputy ambassador at […]
By Arshad Mohammed and John Walcott | WASHINGTON WASHINGTON U.S. Secretary of State Rex Tillerson plans to skip a meeting with NATO foreign ministers next month in order to stay home for a visit by China’s president and will go to Russia later in April, U.S. officials said on Monday, disclosing an itinerary that allies may see as giving Moscow priority over them. Tillerson intends to miss […]
By Sarah N. Lynch | WASHINGTON WASHINGTON Shareholder activists are pushing back against a major business trade group’s request that the White House use its influence on the U.S. securities regulator to make it harder to get governance, political or environmental issues onto corporate ballots, according to a letter seen by Reuters on Monday. Company boards and CEOs have increasingly faced requests by investors to include various […]
It has been clear for months that Mosul will be liberated. And sure enough, Iraqi forces backed by U.S. assistance and firepower are now moving to clear the remaining western neighborhoods of Iraq’s second-biggest city. Islamic State leaders have reportedly fled the city and military operations will soon be complete. Success in Mosul is a testament to the determination of the Iraqi forces that have lead this […]
When the European Commission published a “white paper” this month on the future of Europe, something was missing. Two weeks earlier Pierre Moscovici, EU economy commissioner, had told an audience in Athens that the blueprint would include “ambitious ideas” for “deepening of the economic and monetary union” — code for overhauling the system of budget rules and policy co-ordination that underpins the single currency. Instead, amid warnings […]
That concern gives weight to arguments for greater reliance on special operators as the Trump administration for now eschews larger deployments of conventional troops and proposes deep cuts in foreign aid and State Department budgets. Continue reading the main story The global reach of special operators is widening. During the peak of the conflicts in Iraq and Afghanistan, nearly 13,000 Special Operations forces were deployed on missions […]
It has been almost five years to the day since Mahmood Hashim Al Kooheji took over as head of Bahrain’s sovereign wealth fund, Mumtalakat, restructuring several investment interests and making other changes to whip the fund into shape after years of losses. It followed a term at Gulf Air in which he managed the national carrier’s controversial restructure that saw 15 percent of its staff, around 600 […]
By Michael Nienaber | BADEN-BADEN BADEN-BADEN The failure of the world’s financial leaders to agree on resisting protectionism and support free trade marks a setback in the G20 process and poses a risk for growth of export-driven economies such as host Germany, economists said on Sunday. Acquiescing to an increasingly protectionist United States after a two-day meeting in the German town of Baden-Baden, the finance ministers and […]
Written by Ritu Sarin | New Delhi | Updated: March 16, 2017 10:32 am Image for representational purposes. Nearly a year after The Indian Express published the Panama Papers, tax authorities have succeeded in obtaining 165 replies — partial or complete — from among 13 jurisdictions where Indian nationals had incorporated offshore companies through the Panamanian law firm Mossack Fonseca. According to data made available at the latest […]
