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“Something is off,” warns RBC’s head of cross-asset strategy Charlie McElligott in the introduction to his latest market noting that the swing in US fiscal policy optimism is coming at a critical time as the China’s liquidity tightening is spooking the reflation story. SUMMARY: Movement on US fiscal policy is currently driving US rates and equities higher, counteracting the tremendous negative implications of this ‘Chinese tightening / […]

By Saikat Chatterjee | HONG KONG HONG KONG Asian stocks declined for a third consecutive day on Friday as fresh falls in commodities raised concerns about the health of the global economy, though the euro bucked the broad weakness on receding concerns about France’s presidential election. Chinese stocks led regional losers, falling to a three-month low as concerns about tighter financial regulations weighed on banking shares while […]

Amaysim has said it is committed to introducing National Broadband Network (NBN) services with faster speeds than its current maximum 100/40Mbps tier once it is “economically viable”. “We will definitely be coming out with higher-speed plans as they become commercially viable in the market … 1Gbps is an option that’s on the table and being looked at but not guaranteed at this stage,” Rob Appel, Amaysim’s commercial […]

Spotify and a host of European internet businesses have called on Brussels to crack down on what they see as troubling practices by the likes of Apple and Google. Big internet platforms “can and do abuse their privileged position”, according to a letter signed by the chief executives of Spotify, music streaming rival Deezer and German start-up investor Rocket Internet among others. Although the letter to the […]

Throw them into the bay, or throw them into jail? Those were two possible replies to a poll set up by a user on Twitter. He wanted to know how to deal with “treacherous journalists” – the journalists in question were reporters working for the Panamanian daily newspaper La Prensa. The paper’s newsroom lies just 7.2 miles away from the offices of Mossack Fonseca, the law firm […]

(Image: CNET/CBS Interactive) More than two-dozen popular apps for iPhones and iPads are still leaking sensitive information, such as login details for their services, despite having months to roll out a fix. Earlier this year, Will Strafach set out to see which popular iPhone apps were vulnerable to man-in-the-middle attacks, which allow attackers to intercept data as it’s being passed from a device to a server. Strafach, […]

BOSTON President Donald Trump’s executive order on Thursday making it easier for churches to dabble in politics kept faith with his promise to evangelical Christians who helped him win the White House, but could end up benefiting his opponents as well. Leaders of the U.S. religious left, a rising force of opposition to Trump’s hard-line stance on immigration and healthcare, said they were poised to benefit from […]

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We’ve known for years that a key protocol that allows global cellular networks to communicate with each other had vulnerabilities — and nobody really took it that seriously. Hackers and politicians alike have been warning for years that these flaws in the calling and text message routing system, known as Signaling System 7 (SS7), can be used to intercept and redirect calls and text messages, allowing hackers […]

JUBA Unknown assailants attacked a U.N. operating base in northern South Sudan overnight, showing “callous disregard” for civilians and aid workers, the head of the U.N. mission said. The assault in the town of Leer, which lies in an oil-producing region, was repelled by Ghanaian peacekeepers. There were no reported injuries. The assailants’ identity was not clear. David Shearer, head of the U.N. mission, said the attack […]

Authored by 720Global’s Michael Lebowitz via RealInvestmentAdvice.com, “History has not dealt kindly with the aftermath of protracted periods of low risk premiums” – Alan Greenspan The ability to see beyond the observable and the probable is the most important and under-appreciated characteristic of successful investors. For example, visualize a single domino standing upright. With this limited perspective, one can establish what the domino is doing in the […]

Fun times, tan lines, and the threat of tick-borne diseases. Apparently, this is what summer has got in store for us this year. As if blacklegged ticks in the country aren’t already teeming with enough pathogens to make us go crazy, there’s a new tick infection to add to the list — Powassan virus. Rumor has it, it’s even worse than Lyme disease. What Is Powassan Virus? […]

Google is trying to make email on Android safer with a new warning that doesn’t prevent access to shady pages but cautions that you are proceeding at your own risk. Image: Google Google is rolling out a new anti-phishing feature in Gmail on Android that stops users immediately proceeding to a page if they click a suspicious link. The new feature is designed to make it easier […]

As noted earlier, while European stocks and US equity markets have ignored the commodity crash in China, which in addition to iron ore plunging limit down, also saw rubber tumble 7% lower, and steel rebar, coke, coking coal plunge over 6% …   … Axiom’s Gordon Johnson warns (as we did a month ago) that the worst is yet to come, and in fact, the “backdrop of […]

How do best performing companies and leaders deliver value with a vision and foundation for success? SAP works with some of the best companies and CEOs across the region in helping them achieve transformation through innovation and technology. This new CEO Innovation Series, supported by SAP will share and tell the best stories of achievement and feature top leaders on how they continue to lead by example. […]

11:00 am Suppose we could be brave, Bryce, and go with a pic of Jeffery Lacker as our portrait for today 11:01 am Well, he stepped down from the Richmond Fed after fessing up to helping a colleague at a sister publication — Medley — on a story 11:02 am 11:03 am I could give you a rival’s analysis of the story 11:03 am It’s not the […]

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 […]

A crack that could create an iceberg the size of Delaware — and destabilize one of the largest ice shelves in the Antarctic — has branched out and begun to widen more quickly, a scientist said on Wednesday. The new fissure has turned toward the shelf’s ocean edge, potentially speeding up the iceberg’s process of breaking off, said Dan McGrath, a geophysicist with the U.S. Geological Survey […]

KABUL Gulbuddin Hekmatyar is due to meet the Afghan president this week ahead of a return to politics, a remarkable turnaround for a leader widely reviled for his part in a civil war that killed thousands in the capital Kabul and razed much of the city. Hekmatyar, who was removed from the UN terrorism sanctions list only this year, made his first public appearance on Saturday since […]

Sign up to receive FirstFT by email here The Federal Reserve said it believed the recent slowdown in US growth was likely to prove temporary as it stayed on course for a further increase in short-term interest rates as soon as June. The US central bank kept its target range for the federal funds rate at 0.75 per cent to 1 per cent following its latest two-day meeting. In […]

By Nick Carey and Joseph White | DETROIT DETROIT Automotive supplier Delphi Automotive Plc (DLPH.N) on Wednesday said it plans to spin off operations tied to internal combustion engines and focus on technology for electrically powered and self-driving vehicles, boosting its share price and highlighting the challenges for legacy auto industry players. Vehicles driven by humans and powered with petroleum will dominate roads from Shanghai to San […]

The health benefits one can reap if they commit themselves to a regular exercise regimen — such as running — are many. However, there are scores of people around the world who, due to physical or other limitations, are unable to run to build their stamina. A new study now shares that building stamina may not require so much time, or exercise, as previously thought. In previous […]

Theresa May has formally launched her election campaign with an attack on “European politicians and officials”, whom she accused of threatening Britain and trying to sabotage her attempt to win re-election. Standing on the steps of Number 10, Mrs May set out to inflame Brexit tensions, claiming that events of recent days showed that “there are some in Brussels who do not want these talks to succeed”. […]

By James Pearson and Alexei Chernyshev | SEOUL/VLADIVOSTOK, Russia SEOUL/VLADIVOSTOK, Russia When North Korean leader Kim Jong Un sent Lunar New Year greetings this year, the first card went to Russian President Vladimir Putin, ahead of leaders from China and other allies of the isolated country, according to its official news agency. Some academics who study North Korea argue Kim could be looking for Russia to ease […]

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