March 27, 2017 by: Roger Blitz in London and Eric Platt and Robin Wigglesworth in New York Financial markets shuddered on Monday as investors absorbed the collapse of US healthcare reform last week, with some fearing pro-growth policies like tax reform could be stymied by government inaction and a Republican party in disarray. Global stocks retreated, US banks slid into correction and the dollar index fell to […]
Photo American-led coalition instructors training Iraqi soldiers at a military base south of Baghdad in January. Credit Thaier Al-Sudani/Reuters WASHINGTON — The United States is sending more than 200 additional soldiers to Iraq to support the Iraqi military’s push to retake western Mosul from the Islamic State, military officials said on Monday. The deployment includes two Army infantry companies and one platoon equipped to clear away roadside […]
Barclays Bank on Monday launched the first exchange traded fund in east Africa when it listed the Barclays NewGold ETF on the Nairobi stock exchange. The product is a cross-listing of the $1.4bn NewGold ETF that sits on the Johannesburg Stock Exchange in 2004 and is also publicly traded on five other African markets. Its initial size in Kenya will be Ks500m ($4.8m) with capacity for expanding […]
Wells Fargo revealed Monday that it will soon allow customers to initiate ATM transactions using NFC-based mobile wallets such as Apple Pay. The news comes as part of another announcement that Wells Fargo has activated card-free transactions on its fleet of 13,000 ATMs across the US. Starting Monday, customers can use the Wells Fargo mobile app to generate a one-time use code that can be entered into […]
The recent report on Arctic sea ice levels underlines the grave impact of global warming on marine creatures that depend on the polar ice cap for survival. Rising temperatures in the far north give way to a rapidly reducing ice cover, and when the sea ice is threatened, so is the phytoplankton it sustains. Shrinking sea ice means the microscopic algae have less and less room to grow, and […]
For this week’s column, I asked one of my staff, Carolina Milanesi, to weigh in on the movie Hidden Figures and how it points to the future of AI. She also brings a woman’s perspective to a subject I feel is important to the story and the AI Connection. This essay first ran on our blog. – Tim Bajarin This weekend, I finally watched Hidden […]
The US stock market’s shifting reaction to the inability of Donald Trump and the House of Representatives to repeal Obamacare belies the much bigger question the failure raises for Wall Street: can this administration steer corporate tax cuts through Congress? This matters because the expectation that American companies will enjoy smaller tax bills has helped fan a 10 per cent gain for the S&P 500 since the […]
LONDON A stronger-than-anticipated economic recovery, the return of inflation and the region’s financial sector in a “sweet spot” has spurred Morgan Stanley to lift its earnings forecasts and targets for European benchmark indexes. The U.S. bank now sees earnings per share growth for 2017 coming in at 16 percent for the MSCI Europe with the index rising as much as 8 percent over the next 12 months. […]
ABU DHABI // Significantly hotter summers with more sandstorms, higher humidity and more rain that could trigger flash-flooding are among the potential effects of climate change on the UAE. UAE Climate Change Risks and Resilience, a report published on Monday by Emirates Wildlife Society-WWF, suggests there could be an increase up to 3°C in temperatures during summer months and a 10 per cent humidity increase by […]
It grossed $1 billion and picked up numerous awards nominations, but it has been revealed that a particular aspect of Rogue One: A Star Wars Story proved one of the most controversial moments of the entire franchise. Fans were polarised by the computer-generated appearances of the long-dead Peter Cushing and a youthful Carrie Fisher, with some admiring the technical wizardry but many dismissing their inclusion as downright […]
BEIRUT: US-backed Kurdish-Arab alliance on Sunday entered a military airport held by Daesh in northern Syria while the militant group warned the Tabqa dam is at imminent risk of collapse because of airstrikes and increased water levels.The advance by Syrian Democratic Forces (SDF) on Tabqa airbase comes as the alliance prepares an attack on Daesh’s de facto Syrian capital Raqqa, seeking to effectively surround the city before […]
The buzz phrase on the ground at Fashion Forward this season was that of ‘see now, buy now’. To debate the finer points of the trend, which allows customers to purchase collections straight after they debut on the runway, FFWD staged a panel discussion during its three-day stint at Dubai Design District, which ended on Saturday. Sharing their thoughts with a packed room of press, buyers and […]
Last week saw the largest drop in aggregate Treasury short positions since Brexit. Ironicaly, while bond bears felt the squeeze, traders piled into Eurodollar shorts (increased rate-hike bets) sending the short-end’s positioning to record highs. Across the entire Treasury bond futures complex, shorts covered over 200,000 10-year-equivalent contracts (around $20 billion notional), but as is clear below, the net short – while the smallest since December 2nd […]
As part of a government initiative to address the growing incidence of sudden infant death syndrome (SIDS) in the country, several U.S. states have reportedly started giving away free baby boxes to parents of newborn babies. What Is A Baby Box? The baby box initiative originally started in Finland in the later 1930s. During this period, one of out 10 Finnish babies died in their first year. A […]
Following President Trump’s clarifying tweet yesterday that “Obamacare will explode” on its own… ObamaCare will explode and we will all get together and piece together a great healthcare plan for THE PEOPLE. Do not worry! — Donald J. Trump (@realDonaldTrump) March 25, 2017 It is becoming increasingly clear that, even without the ‘repeal’, the Trump administration has already begun using its regulatory authority to water down less […]
BELFAST Northern Ireland could be set for a fresh election or a return to direct British rule of the province after one of the two main parties negotiating to form a new government said on Sunday that talks had run their course without success. The British province’s nationalist and unionist parties have until Monday to form a new power-sharing government following snap elections this month or risk […]
Hours before the Republicans’ healthcare overhaul was defeated on Friday, the US Treasury secretary was sounding an upbeat note about another element of President Donald Trump’s agenda — tax reform. Healthcare is complicated, Steven Mnuchin declared at an event in a Washington art gallery. Tax reform, he said, is much more straightforward. That bold assertion will be tested sooner than expected, as Mr Trump has signalled he […]
Advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations Are robots coming for your job? Although technology has long affected the labor force, recent advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations, including highly skilled or “knowledge-based” jobs. Just a few examples: self-driving technology may eliminate the need for […]
Oklahoma-based OK Food, Inc., which produces ready-to-eat-chicken including Wal-Mart’s Great Value brand, issued a recall of nearly 1 million pounds of its breaded chicken following reports from consumers of metal objects found inside the meat. Inspection at the processing plant revealed that the objects were from a metal conveyor belting. No case of injury or illness from eating the product has been reported so far but five customers […]
After a week dominated by questions over whether Donald Trump will be able to push his economic agenda through Congress, here are the questions FT markets reporters are asking in the final trading week of March. Will investors keep faith in Trump’s ability to drive tax cuts? That is the question facing equity markets after the White House failed to muster the support needed in the House […]
HONG KONG Carrie Lam, who won an election to become Hong Kong’s first female chief executive on Sunday, is a former student activist who climbed the rungs of the civil service over 36 years, and a tough, capable and possibly divisive Beijing-backed leader. Lam, 59, most recently Hong Kong’s number two official, has to unify the Chinese-ruled city as public resentment swells at Beijing’s growing interference in […]
Malwarebytes Contact centers are a weak link in the enterprise and are often “neglected” and forgotten when it comes to enterprise security investments, analysts claim. The contact center used to be the main channel for customers to connect to businesses. As email, social media, and live chat systems have expanded, there are more options for communication — however, picking up the phone and speaking to an agent […]
It’s a little weird to think of India and China as buddies. There has been at least a half-century of rank hostility between the two most populous nations in the world, ostensibly kicking off when India gave the Dalai Lama refuge, post the Chinese invasion of Tibet. A short but debilitating border war in 1962; claimed occupation of territories by both sides; China’s alliance with Pakistan and […]
Authored by Johnny Hopkins via The Aquirer’s Multiple blog, One of our favorite investors at The Acquirer’s Multiple – Stock Screener is Howard Marks. Howard Marks is Chairman and Co-Founder of Oaktree Capital Management, the world’s biggest distressed-debt investor. He’s known in the investment community for his “Oaktree memos” to clients which detail investment strategies and insight into the economy, and in 2011 he published the book The Most […]
