The euro came close to its highest level against the dollar in almost four months on Wednesday, as investors waited nervously ahead of Donald Trump’s first key legislative test over the repeal of Obamacare. This week the euro has gained 0.8 per cent against the US currency, taking its rise this month to 2.6 per cent and leaving it worth $1.0825 late on Wednesday. Euro strength is, […]
By Chine Labbé and Adrian Croft | PARIS PARIS Militants are increasingly turning to vehicle-ramming attacks, like the one staged near Britain’s parliament on Wednesday, because they are cheap, easy to organise and hard to prevent. Experts say the tactic of mowing people down avoids the need to obtain any explosives or weapons and can be carried out by a “lone-wolf” attacker without using a network of […]
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 […]
The enigmatic Australian singer Sia Furler leads something of a double life: a successful songwriter and high-profile pop star. The 41-year-old, who performs at the Dubai World Cup concert at Meydan Racecourse on Saturday, became a major presence in US pop scene as a songwriter initially. Rihanna (Diamonds), Beyoncé (Pretty Hurts) and Britney Spears (Perfume) all grace her mighty resume. Furler was also an underrated alternative act […]
Korea Electric Power Corp has ruled out buying Toshiba’s controlling stake in Westinghouse, but confirmed it is interested in joining the NuGen consortium that is planning to build a new UK nuclear plant. The decision by the South Korean state-run utility is a blow to Toshiba’s efforts to find a buyer for its troubled US nuclear subsidiary as the Japanese conglomerate grapples with the worst financial crisis […]
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 […]
Markets now and again behave in ways least expected, none more so than the resilience of emerging market currencies against the US dollar. Two of the main factors underpinning EM foreign exchange flows — globalisation and oil — are going the wrong way. Globalisation looks more vulnerable than ever following the G20 finance ministers’ meeting that pointedly failed to include the need to fight protectionism in its […]
Just when it seemed the follow through from yesterday’s selloff would continue, algos may have found the only catalyst they need to press the bid: in his overnight note, Dennis Gartman writes “we actually ventured to the short side of the market, buying bearish derivatives and by 1:00 in the afternoon, doubling those positions and carrying them “home” through the close of trading.” Here is the key […]
Dubai, 21 March 2017 Dentons, in collaboration with HKA, assembled practitioners from across a number of industries in Dubai this week to discuss how to structure a successful PPP project and how to avoid disputes avoidance and resolution on PPP projects. Dentons’ Middle East Senior Partner Neil Cuthbert discussed the essential prerequisites of a successful PPP project and the need to identify, allocate and mitigate key project […]
Akzo Nobel has rejected a second takeover bid in less than three weeks from US rival PPG, claiming that the revised offer of €22.4bn failed to recognise the value of the Dutch paints and chemicals group. The latest takeover attempt by the US company represented a €1.5bn improvement on the previous offer, but was not enough for Akzo Nobel’s board, who rejected it unanimously. The maker of […]
Stock markets suffered their worst falls since the election of Donald Trump as Wall Street worries about the prospects for the US president’s pro-business agenda triggered a rush for financial havens. US markets led the declines, with the benchmark S&P 500 index tumbling 1.2 per cent and breaking a run of 109 trading days without a drop of 1 per cent or more. The Dow Jones Industrial […]
“As hackers get more aggressive and more sites become outdated, hackers will continue to capitalize by infecting more sites,” Google warns. Image: iStock Google says 32 percent more websites were hacked in 2016 compared with the year prior, and that most operators of hacked sites were never informed of it. The search giant highlighted the uptick in hacked sites in its state of website security report for […]
Loading Other Articles… Nearly a year after the Panama Papers set off a virtual bomb in the offshore private banking industry, advisors and their clients are still grappling with the aftershocks. In particular, the massive disclosure of private banking accounts re-emphasized the need for advisors to recognize the fine line between legal and illegal methods for hiding assets. The Panama Papers are a collection of 11.5 […]
22 March 2017 EastNets, (eastnets.com), a leading provider of innovative global compliance and payments solutions, successfully held its 14th Annual Conference 2017 from 7th-9th March at The Grand Millennium Hotel, Amman Jordan. The event was described as one of the company’s most inspiring annual conferences, which has been a company tradition that has been in effect for the last 14 years. This year’s rallying call was ’Growth: […]
Iona Craig, who reported on the aftermath of the botched Navy SEAL raid in Yemen for The Intercept from Yeman, did so with the help of the Pulitzer Center. Iona Craig. Grants from the Pulitzer Center go a long way for international journalists who eke out a difficult existence covering tough stories from dangerous places. The details of her recent Yemen experience should give pause to most […]
Artificial intelligence (AI) is simultaneously overhyped, misunderstood, and already hugely impactful, according to Pegasystems CTO Don Schuerman, who said many organisations were already successfully using the technology before it became an industry buzzword. Schuerman told ZDNet that he has been encouraging his clients to take a look at what pragmatic AI technologies they can employ to deliver real benefits to how they interact with customers, rather than […]
WASHINGTON Republicans considering whether or not to back U.S. President Donald Trump’s healthcare reforms in a crucial House of Representatives vote this week face a painful choice. If they vote against, they could face the wrath of a vengeful and combative president. If they vote for it, they risk retribution from the billionaire brothers Charles and David Koch and other powerful right-wing players whose money can be […]
By Yawen Chen and Ryan Woo | BEIJING BEIJING Business sentiment at Asia’s top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson Reuters/INSEAD survey showed. The Thomson Reuters/INSEAD Asian Business Sentiment Index .TRIABS RACSI, representing the six-month outlook of 96 firms, rebounded […]
ABU DHABI // An aviation expert has said the ban on large electronic devices in the cabin could be a move of caution in response to a real-time event or threat. Saj Ahmad, chief analyst for StrategicAero Research in London, said it seems to contradict a US Federal Aviation Administration directive that banned lithium batteries in airplane cargo holds. That had been put in place after the […]
Stock markets suffered their worst falls since the election of Donald Trump as Wall Street worries about the prospects for the US president’s pro-business agenda triggered a rush for financial havens. US markets led the declines, with the benchmark S&P 500 index tumbling 1.2 per cent — and breaking a run of 109 trading days without a drop of 1 per cent or more. The Dow Jones […]
The biggest challenge facing Joel de la Garza, chief security officer for file sharing giant Box, is juggling the need to be secure with the need to allow for innovation. Speaking with ZDNet in Sydney, the California-based CSO explained that as a security professional, it is always hard for him to say anything positive after spending 20 years exposed to the cybersecurity threat landscape. He said he […]
Neil Gorsuch was emerging largely unscathed from an all-day marathon of sometimes hostile questioning from senators weighing his nomination for a lifetime Supreme Court post. The Denver-based federal appellate judge clashed with Democratic Senator Sheldon Whitehouse of Rhode Island in an exchange over the role of money in American politics. And he came under fire from another Democrat, Senator Al Franken of Minnesota, for what the lawmaker called his “absurd” […]
US banks recorded their steepest slide since the wake of the June Brexit vote as the Treasury yield curve flattened and investors remained concerned that Donald Trump’s policy initiatives might take longer to pass than previously thought. The S&P 500 banks index dropped 3.9 per cent, marking its steepest fall since June 27, according to Bloomberg data. America’s largest lenders were under pressure as Bank of America […]
ABU DHABI // Businessmen, parents and frequent travellers from the UAE to the US spoke of their frustration about travelling on long-haul flights without their electronic devices. They said fear of theft or damage to their devices and being unable to access important data were major concerns. The new restriction means passengers travelling on direct flights to the US, which can last up to 18 hours, will […]
