April 19, 2017 by: Vinay Pande and Gerald Lucas The most prominent beneficiary of the so-called Trump trade has been equities, with total returns of 10.5 per cent from the S&P 500 and 10 per cent from the MSCI All-Country World Index since the US election. However, pinning a global bull market on one individual is dangerous. Several other drivers have supported it, making it even more […]
Theresa May received overwhelming backing from MPs for a snap UK election that the prime minister said would give her more room for manoeuvre in Brexit negotiations if her Conservative party wins the poll. The prime minister won a vote in the House of Commons on Wednesday by 522 to 13, allowing her to press ahead with an early general election on June 8. The motion overrode […]
The near-5 per cent advance in the $20tn benchmark S&P 500 this year has been reliant on the performance of only a few dozen stocks — with gains by the likes of Apple and Facebook accounting for more than 20 per cent of the index’s climb. Ten stocks in the index, including ecommerce behemoth Amazon, Google owner Alphabet as well as the more defensive cigarette maker Philip […]
A new study advocated that vaccinating one’s child is beneficial and may be instrumental in saving their life. Vaccination for children has its share of controversies all around the world. While doctors say this method is necessary to protect people from many harmful diseases, others question the effectiveness, necessity, and safety of the same. This argument has effectively led some communities to disown the vaccination practice completely, leading […]
After overnight weather warnings of high winds, which reached around 60kmph at sea and created wave heights of 16 feet, fresh to strong north-westerly winds are due to continue through the day on Wednesday, with the risk of low visibility due to dust. Another slight fall in temperature is expected with the wind speed decreasing and relative humidity rising overnight and into early Thursday morning over coastal […]
Left to right: DTA interim CEO Nerida O’Loughlin, new DTA CEO Gavin Slater, and Assistant Minister for Cities and Digital Transformation Angus Taylor (Image: Digital Transformation Office) Former National Australia Bank (NAB) executive Gavin Slater has been appointed as the new CEO of the Australian government’s Digital Transformation Agency (DTA), Assistant Minister for Cities and Digital Transformation Angus Taylor announced on Wednesday. Slater held numerous roles in […]
WASHINGTON U.S. Representative Mark Walker said after a meeting of House Republicans on a revamped healthcare bill on Tuesday night that they made good progress on the issue of high-risk pools for people with pre-existing conditions. Walker, who is chairman of the Republican Study Committee, told reporters more discussions on other sticking points in the legislation would be held on Wednesday. (Reporting by David Morgan; Writing by […]
Dubai, UAE, 5 April 2017 During his participation in the “Ask the Leader” initiative on the sidelines of the 5th Dubai Government Achievement Exhibition (DGAE), Director of Dubai Customs Ahmed Mahboob Musabih said Dubai Customs’ efficiency and distinctive performance have helped the UAE in moving forward to occupy first place in the region and 4 th place worldwide in the efficiency of customs procedures category according to […]
Investors are refusing to call time on expectations of a sustained recovery in the global economy, after propelling global markets to their best quarterly performance since 2013. Money managers say they are willing to look past rising political uncertainty in France and the US and bet on what they view as an acceleration in activity and synchronised economic advances across developed and emerging markets. Expectations of US fiscal stimulus […]
By Phil Stewart | QAYYARA WEST AIRFIELD, Iraq QAYYARA WEST AIRFIELD, Iraq President Donald Trump’s son-in-law, Jared Kushner, voiced optimism about the long-term U.S. alliance with Iraq’s military and its campaign to retake Mosul from Islamic State on Tuesday, as he visited a base about 10 miles (16 km) from the city. Kushner was on the last day of a two-day trip to Iraq as the guest […]
By Joseph White | DETROIT DETROIT General Motors Co (GM.N) on Tuesday unveiled a German-made Buick crossover wagon it plans to sell in the United States, and in so doing highlighted the U.S. auto industry’s vulnerability to shifting trade politics. The Buick Regal TourX, scheduled to launch later this year in the United States, is aimed at imported all-wheel drive vehicles such as those offered by Subaru […]
Fox News is facing fresh legal and financial challenges after a third employee joined a racial discrimination lawsuit while a dozen brands stopped advertising on Bill O’Reilly’s top-rated programme following new allegations of sexual harassment and verbal abuse. The allegations that the cable network knew of complaints from black employees two years ago and failed to investigate them, coupled with the news of advertisers distancing themselves from […]
Greek ministers and the country’s bailout monitors were on Tuesday trying to strike a deal on the pension and labour market reforms needed to unlock further financial aid. With the clock ticking down to more than €6bn in debt repayments that Athens must make in July, negotiators say an accord on the main elements of the policy package must be reached soon to stave off the risk […]
Photo A Boeing 737 MAX at Boeing Field in Seattle in January 2016. The company wants to sell up to 60 airliners to Iran. Credit Jason Redmond/Reuters The Boeing Company announced a tentative agreement on Tuesday to sell up to 60 737s to an Iranian airline, a transaction valued at $6 billion that appears very likely to test the Trump administration’s avowed hostility toward Iran. Boeing, the […]
South Africa’s rand tumbled in late trading on Monday after a rating agency cut the country’s coveted investment grade status, leaving President Jacob Zuma’s decision to fire his finance minister responsible for wiping out almost all the currency’s gains for the year. The rand slid to R13.7 against the dollar, taking its drop in the past five days to almost 9 per cent. Having recorded a gain […]
While Republican lawmakers in Congress gear up for a drive to cut regulation on the financial sector, bankers and lobbyists have their eyes on another institution in the US capital — the Federal Reserve. On Wednesday Daniel Tarullo, the Fed governor who has been supervising US banks, leaves the institution after eight years during which he assumed a hardline reputation overseeing the rebuilding of US finance from the […]
Here is a selection of five charts that FT Markets believes are important signals for investors as the second quarter begins. 1. US equities How expensive does the US equity market look? This is perhaps the biggest question facing money managers. The answer is “very”, based on the S&P 500’s 12-month forward price-to-earnings ratio, divided by the current low level of Vix, or implied volatility, as the […]
Pegasus spyware is used to monitor activities of individual targets. Image: iStock A new version of one of the most sophisticated forms of mobile spyware has been discovered, and this time it’s being used to spy on Android users. Made public last summer, the Pegasus mobile spyware was used by a nation state to monitor iPhones belonging to activists in the Middle East. Dubbed Trident, three separate […]
Head and neck scans are one of the areas where Google’s DeepMind will be finetuning its health skills. Image: AKO Kung, Getty Images/iStockphoto Healthcare has always been seen as rich pickings for artificial intelligence: when IBM first decided to kit out Watson for use in the enterprise, its earliest commercial test was in cancer care. There are a number of reasons why health and artificial intelligence might […]
KINSHASA, Congo — On Oct. 4, 2016, Etienne Tshisekedi made his final address to a crowd gathered in the courtyard of his party’s headquarters. The longtime leader of the Democratic Republic of the Congo’s opposition was visibly frail, and the speech, slow and hesitant, lasted only three minutes. But the old man still managed to rev up his followers, many of whom strained to hear from the […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian shares inched lower on Tuesday as caution reigned ahead of a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping later this week. The dollar lost ground after investors sold stocks overnight and looked to safe havens as political uncertainty overshadowed positive U.S. economic data and solid growth in global manufacturing. European markets were also […]
Mental health isn’t exactly one of the things that come to mind when the topic of climate change is discussed – more often, the environmental, health, economic, and sometimes even political impacts of climate change are in the spotlight, whereas mental health is pushed aside or not discussed at all. A collaborative study is now revealing that not even mental health is safe from the global effects of […]
CIUDAD JUAREZ, Mexico A Mexican newspaper in the border city of Ciudad Juarez is shutting down due to the risk of violence after a string of killings of reporters around the country, the paper’s owner said on Monday. “Norte” ran a headline that said “Adios” on the front page of its Sunday edition and its owner, Oscar Cantu, explained in a letter he was shutting the newspaper […]
By David Morgan | WASHINGTON WASHINGTON Top White House officials met moderate and conservative Republicans in the U.S. House of Representatives on Monday in an effort to revive a plan to repeal and replace Obamacare. Key members of the administration, including Vice President Mike Pence, invited a group of moderate Republicans known as the “Tuesday Group” to the White House. Pence then went to Capitol Hill to […]
