By Cynthia Kim and Ju-min Park | SEOUL SEOUL A South Korean court on Friday approved a warrant to arrest ousted president Park Geun-hye, the country’s first democratically elected leader to be thrown out of office, on accusations of bribery and abuse of power. Park can be held in a cell for up to 20 days while she is investigated over allegations that she colluded with a […]
American Michael Sharp told his mother two years ago he was committed to helping the Congolese people in his role as a U.N. investigator and was “not afraid to die,” she recalled Thursday after he was murdered this week along with a colleague in the Democratic Republic of Congo. “He said the hardest thing for him was to think about pain he would cause his family,” Michele […]
Microsoft has officially confirmed that the next major Windows update, known as Windows 10 Creators Update, will start rolling out on April 11 to customers worldwide. Like with last year’s Windows 10 Anniversary Update, which rolled out in August, the Creators Update will see a throttled release that will likely stretch over a few months. The update will arrive after several months of beta tests, leaks, and bits of […]
Growth in trade between African nations looks promising, driven by demographics and growing Middle Class Narrative surrounding the continent still too negative, while work needs to be done to improve infrastructure Abu Dhabi, UAE, March 30, 2017: Industrialisation across Africa is being held back due to misperceptions about the risk of investing in the continent, according to a panellist at the Focus on Africa session held […]
If President Jacob Zuma of South Africa wanted to know how markets would react if he sacked Pravin Gordhan as finance minister, he got part of the answer this week. The rand shed 4.4 per cent of its dollar value earlier this week after Mr Zuma ordered Mr Gordhan to cancel a roadshow with investors on the first day and fly home from London, without explanation. The […]
According to RBC’s cross-asset strategist, Charlie McElligott, two things are behind today’s (painfully volumeless) market rally: i) a return of “policy divergence”, following yesterday’s hawkish announcements by the Fed (“up to 4 hikes”) offset by dovish hints by the ECB, which in turn is powering the dollar higher, and ii) OPEC “deal extension speculation” pushing oil prices higher. The result: the general reflation trade is back on. […]
By Julie Steenhuysen | CHICAGO CHICAGO Prior infection with West Nile or dengue – two viruses closely related to Zika – can make Zika symptoms worse, U.S. researchers said on Thursday. The findings in mice, published in the journal Science, confirm studies in cells suggesting that prior infection with dengue could worsen the effects of Zika. That could explain higher rates of severe Zika side effects, such […]
Scientists have discovered that a diet with high amounts of short-chain fatty acids acetate and butyrate provided positive effects on the immune system, protecting the subjects against juvenile or type 1 diabetes. The specialized diet was developed by CSIRO and Monash University researchers who discovered that starches found in numerous types of food including fruits and vegetables can resist digestion. Instead of being digested, some of them […]
Every time a major new phone comes out, we at PCMag do this thing called a “spec comparison.” These are search-driven articles designed for people who are desperate to find out, for instance, if the Samsung Galaxy S7 is “better” than the iPhone 6s before anyone has spent any decent amount of time with them. Similar examples are all over the internet, with tech fans using specs […]
JPMorgan is in talks to buy a new building in Dublin, but has told London staff it will not “rush into any decisions” on how it will adjust its operations after Brexit. Bloomberg reported that the US bank was in talks to buy a 130,000 sq ft office in the centre of the Irish capital which could accommodate about 1,000 people. The bank declined to comment. The news […]
Speed was once a ticket to riches in financial markets. Now it’s the bare minimum. Electronic trading groups that made fortunes by being first to pounce on favourable prices are finding it tougher to stay ahead in markets where transactions unfold in billionths of a second. Their costs have risen at the same time that volatility and volumes — essential elements for profitable trading — have ebbed. As a […]
Friday is inflation day. A quiet week for economic data springs into life with reports on Japanese jobs and industrial production; French consumer spending; German unemployment; UK GDP; and US personal income and consumer sentiment. Prices will be a constant theme, with various inflation iterations presented by Japan, France and the US — the latter in the form of the PCE deflator. But arguably the most intriguing […]
For a US$2,000-a-night (Dh7,345) trip to the land of happiness, I’m a little surprised by the “assumption of risk and limitation of liability” statement my tour operator, Amanresorts, insists I sign before proceeding with my Bhutan itinerary. “I understand that I am undertaking travel to a remote geographical area in an undeveloped country where, among other things, a sense of urgency, attention to detail, standards of quality, […]
Thursday 08:35 BST What you need to know ● Stock markets mixed after Wall Street’s steady display● Shanghai Composite hits 6-week low amid liquidity concerns● Sterling holds above $1.24 as traders ponder Brexit implications● Dollar index above 100 as euro softens on ECB report● Oil prices add to Wednesday’s 2.1 per cent gain and gold dips——————- Hot topic Traders are keeping a wary eye on the action […]
29 March 2017 Doha – Hamad Medical Corporation (HMC) is excited to announce two of the keynote speakers for this year’s Middle East Forum on Quality and Safety in Healthcare who will offer delegates a very different perspective on healthcare provision. One of the keynote speakers is a life-long patient, Ms. Tiffany Christensen, who was diagnosed with cystic fibrosis when she was six months old. At 12 […]
SEOUL A South Korean court began deliberating on Thursday whether to arrest ousted president Park Geun-hye, who was removed from office in a corruption scandal involving charges she solicited bribes from the country’s largest conglomerate. Park could become South Korea’s third former leader to be jailed for wrongdoing. She is accused of colluding with a friend, Choi Soon-sil, to pressure big businesses to contribute to foundations set […]
Bank of Queensland (BoQ) has announced its results for the first half of the 2017 financial year, reporting a 6 percent year-on-year drop in statutory net profit after tax to AU$161 million. Interim cash earnings after tax for the six-month period came in at AU$175 million, down 2 percent on the prior corresponding period. For the six months to February 28, 2017, BoQ reported AU$252 million in […]
● Zhang Feng, Chief Engineer, Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), delivers keynote address at Global Manufacturing and Industrialisation Summit 29 March 2017● Zhang Feng, Chief Engineer, Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), delivers keynote address at Global Manufacturing and Industrialisation Summit Abu Dhabi, UAE – Day one of the Global Manufacturing and […]
The commodities trading house Trafigura and a bank are testing blockchain as a way to settle deals in the US oil market, a sign of the potential for digital technology to change how barrels of crude are bought and sold. Blockchain is the electronic ledger originally built to underpin bitcoin markets. Promoters say it will lead to cheaper, more secure ways of settling all kinds of transactions, […]
By Isabel Coles and John Davison | MOSUL MOSUL Iraqi special forces and police fought Islamic State militants to edge closer to the al-Nuri mosque in western Mosul on Wednesday, tightening their control around the landmark site and in Baghdad a suicide truck bomb killed at least 17 people. The close-quarters fighting is focussed on the Old City surrounding the mosque, where Islamic State leader Abu Bakr […]
Loss of memory is the painful part of Alzheimer’s disease. However, new research is throwing promising hints of methods that can rekindle memories after a successful experiment on mice that was conducted by doctoral student Dheeraj Roy at Massachusetts Institute of Technology. Deep-brain stimulation (DBS) has been used as a treatment method for Alzheimer’s to help patients recover cognitive functions albeit temporarily. However, deep-brain stimulation mainly helps Parkinson’s patients […]
Hedge fund managers may be criticised for their recent returns but they have consistently displayed a razor sharp sense of timing when it comes to picking when to sell their own businesses. When Och-Ziff, the New York-based hedge fund founded by the former Goldman Sachs trader Daniel Och, decided to sell equity to the public markets it did so near the top of the market in late […]
In what was the clearest sign to date that the Fed is targeting the stock market bubble with its rate hikes (recall two weeks ago Goldman caused a stir when it suggested that the Fed had made a policy error by being overly dovish with its rate hike, which instead of tightening financial conditions, had the effect of a 25bps rate cut), today not one but two […]
Two people were arrested in the British city of Birmingham on “suspicion of terrorism offences” on Wednesday, West Midlands police said in a statement. The arrests were not in any way connected to last week’s Westminster attack and there is no risk to public safety, the regional police force added. The man and woman who were arrested, aged 21 and 23, were detained under “terrorism legislation” on […]
