Few institutions embodied the eurozone crisis more clearly than Bankia, the Spanish lender which was bailed out in 2012. Yet you would have been hard pressed to see any signs of that as the lender tapped debt markets this month. The bond sale by Bankia, still majority owned by the Spanish government, attracted almost €5bn in orders for the €500m of debt it sold. Its “tier 2” […]
BRUSSELS European Union member states do not have to issue entry visas to people at risk of torture or inhuman treatment, the EU’s top court ruled on Tuesday, cutting off a possible channel for refugees into the bloc. The decision by the European Court of Justice goes against advice from its advocate general, who said last month that such visas had to be issued under EU law. […]
Yet in the other six countries still on Mr. Trump’s list, his decision to push ahead with the ban only stoked their sense of grievance and discrimination. Regional experts repeated earlier warnings that Mr. Trump’s order handed an easy propaganda victory to enemies and might ultimately weaken American security. Continue reading the main story “The idea that this is a Muslim ban has been reinforced even further,” […]
Snap has fallen below Thursday’s opening price, losing 12 per cent on Monday as analysts issued ‘sell’ ratings on the owner of messaging app Snapchat. Shares in Snap, which went public three days ago, closed at $23.77, below its $24 opening price on the New York Stock Exchange. The broader market closed down 0.3 per cent. However, Snap is still 40 per cent above the $17 at […]
Drastic cuts in oil industry investment risk creating a shortfall in supply that by 2020 will expose the market to a surge in prices, the International Energy Agency has warned. Despite a chorus of analysts predicting a decline in oil consumption in the coming years, as governments push for energy efficiencies, cleaner fuel usage and electric cars, the IEA cautioned in its five-year outlook: “We see no […]
Soy food products are usually considered as a healthy intake. However, previous studies suggested that the intake of soy products enables the escalation of breast cancer in women. It occurs due to the availability of oestrogen-like properties in the soy products. Contrary to the earlier reports, a new study which was conducted reveals that a component of soy-based product known as isoflavones is capable of slowing the […]
Bloomberg is fighting to keep the bond house Pimco as a customer on its platform to buy and sell Treasuries, as the advance of automated trading reshapes the $14tn US government debt market. Pimco, one of the most influential debt investors with almost $1.5tn of assets under management, is working on a tie-up with rival trading venue Tradeweb, according to people with knowledge of the discussions, escalating […]
Antimicrobial resistance is a serious global health crisis seen in almost every country today. But what is it and why is it so important to solve it immediately? What Is Antimicrobial Resistance Antimicrobial resistance, or AMR, is an umbrella term for the condition when microorganisms (bacteria, viruses, fungi, and other parasites) grow resilient to medications specifically designed to counteract them. These include antibiotics, antifungals, antiparasitics, and antivirals drugs. […]
While some provisions in the new order have been relaxed, Mr. Trump and immigration hard-liners in the administration are expected to assert that the new version is no less strict because it retains a temporary ban on refugees. Continue reading the main story The senior administration official said Iraq had been removed from the travel ban after Secretary of State Rex W. Tillerson had discussions with the […]
WASHINGTON Republican U.S. lawmakers expect to unveil this week the text of long-awaited legislation to repeal and replace the Obamacare healthcare law, one of President Donald Trump’s top legislative priorities, a senior Republican congressional aide said on Sunday. Since taking office in January, Trump has pressed his fellow Republicans who control Congress to act quickly to dismantle former Democratic President Barack Obama’s Affordable Care Act and pass […]
LONDON A quarter of all global deaths of children under five are due to unhealthy or polluted environments including dirty water and air, second-hand smoke and a lack or adequate hygiene, the World Health Organization (WHO) said on Monday. Such unsanitary and polluted environments can lead to fatal cases of diarrhoea, malaria and pneumonia, the WHO said in a report, and kill 1.7 million children a year. […]
TOKYO U.S. stock futures dropped and Asian shares were on the defensive on Monday as investors weighed the near-certain prospect of an interest rate hike in the United States this month against news of slower growth in China this year. Risk appetite also took a hit on rising geopolitical tensions in East Asia, as North Korea fired four ballistic missiles early in the day, while a spat […]
It’s four in the morning. Other than a spectacular blanket of stars, there isn’t much to see. While there are certainly other boats in the water, the crew feel completely alone in an unforgiving ocean. Tonight, my thoughts are on keeping a steady course, all part of our quest to break the extreme sailing record for a transatlantic crossing. Back on dry land with ample time to […]
Such an effect may lead male traders, driven by an increase in testosterone due to a successful investment, to take exaggerated risks, which, in turn, create price bubbles. By increasing the number of women in financial markets, it may be possible to stabilize these markets since women have less dramatic shifts in testosterone levels, which can make them less prone to the momentum effect. (via WSJ)
The robots are coming. Automation, both in the form of mechanised robots (human or drone-shaped) as well as artificially intelligent software programs, are predicted to get rid of a huge number of jobs over the next five years. A report by Citibank in partnership with the University of Oxford predicted that 47 percent of US jobs are at risk of automation, 35 percent in the UK, and […]
March began with announcements from two social media giants, Facebook and Twitter, about bold and concrete moves that they are doing to make using their platforms safer and friendlier. The measures that Facebook and Twitter are now taking aim not just to make the social media experience more enjoyable but to also possibly save lives and protect their users’ well being. Facebook and Twitter’s Bold Moves Facebook‘s […]
Deutsche Bank on Sunday unveiled an €8bn capital increase and its latest sweeping strategic overhaul, as chief executive John Cryan seeks to put Germany’s biggest bank “back on the front foot” after a year of turmoil. The moves, some of which reverse changes to the structure of businesses announced only 18 months ago, come after a year when Deutsche was caught up in two brutal market sell-offs. […]
A groundbreaking study offers a fascinating finding: machine learning can predict with 80-90 percent accuracy whether someone will attempt suicide as far off as two years into the future. (via WSJ)
By Balazs Koranyi | FRANKFURT FRANKFURT Two of the world’s biggest central banks are likely to find themselves with a bigger policy gap by the end of the coming fortnight The European Central Bank on Thursday will resist calls to start tightening policy against surging inflation but robust U.S. jobs data on Friday could seal the case for another Federal Reserve hike the week after. So, let’s […]
A Friday session as part of the Emirates Airline Festival of Literature presented an undeniably emotional moment – the author and subject on a public stage together for the first time. The latter was Nujeen Mustafa, the Syrian teenager who travelled more than 5,000 kilometres in a wheelchair to escape the civil war ripping apart her homeland. The writer was veteran journalist Christina Lamb, who documented Mustafa’s […]
François Fillon put his future as French presidential candidate for the centre right in the hands of party leaders after mobilising tens of thousands of supporters at a rally in Paris. Mr Fillon said he was the victim of a “manhunt” but notably omitted to tell the crowd — mobilised as show of strength among grassroots Republicans — that he would fight on as Republican candidate despite […]
As part of the previously previewed “Two Sessions” which started on Sunday, Chinese Premier Li Keqiang on Sunday delivered the annual report on the work of the government in Beijing, summarizing the country’s achievements in the past year, and setting goals for this year. In his policy speech, lasting 97 minutes and 18,600 Chinese characters, Li signaled a course adjustment for the world’s second-largest economy and some […]
When Paul Ryan, speaker of the U.S. House of Representatives, talks of social mobility, about helping struggling Americans move out of impoverished areas to give them greater opportunity, Shiva Daniels is the kind of person he has in mind. A federal housing voucher allowed Daniels to escape her crime-plagued neighborhood in Dallas, Texas, and move her four children to the suburb of Garland. That move helped Daniels […]
China’s banking system has surpassed the eurozone’s to become the world’s largest by assets, a sign both of the country’s increased influence in world finance and its reliance on debt to drive growth since the global financial crisis. While China’s gross domestic product surpassed the EU’s economic bloc in 2011 at market exchange rates, its banking system did not take over the top spot until the end […]
