A prominent Republican lawmaker is taking another shot at tightening U.S. rules for high-skilled worker visas ahead of Donald Trump’s inauguration as president later this month. Rep. Darrell Issa, one of the highest-profile Republicans in Congress and a supporter of Mr. Trump, said Wednesday in a statement on his website that he is reintroducing a bill designed to “stop the outsourcing of American jobs” and ensure laws are not […]
China strengthened the renminbi’s trading range on Friday by the most since it depegged it in 2005, as investors awaited data expected to show Beijing is continuing to burn through its reserves to support the currency. The renminbi’s sudden strength has caught global markets off-guard and wrongfooted investors betting the Chinese currency would start the year by continuing its gradual slide as outflow pressures persisted in spite […]
For the tourists visiting Abu Dhabi from around the world, buying dates is a top priority when searching for a taste of the UAE to take back home as gifts for family and friends. ABU DHABI // Date traders are in their element during the winter months at Mina Dates Market because the influx of tourists means they are doing brisk business. It seems the little fruit […]
With all eyes likely on wage growth indications in the subtext of tomorrow’s payrolls report (following The Fed Minutes’ comments on full employment), Goldman Sachs is forecasting a better-than-expected 0.3% rebound in average hourly earnings (helped by more favorable calendar effects) and a better-than-expected 180k payrolls print (albeit with a small rise in the unemployment rate). However, they are careful to note that any downside can be […]
India will on Friday get its first official indication of the impact of Prime Minister Narendra Modi’s war on cash on the larger economy. The country’s statistics ministry will release its estimate of growth in gross domestic product for the current fiscal year and analysts will be watching to see if it can maintain its 7.6% rate despite the severe cash shortage sparked by the Nov. 8 […]
The United States on Thursday officially listed a son of Osama bin Laden as a “global terrorist,” and warned that the younger man, who has called for attacks around the world, poses a risk to American national security. The son, Hamza bin Laden, who has pledged to take up Osama bin Laden’s violent mantle and avenge his death, is “actively engaged in terrorism,” the State Department said, […]
Mexico’s central bank intervened in the foreign exchange markets to halt the peso’s record slide against the dollar but failed to provide anything more than temporary respite for its battered currency. The peso responded to the move, the first of its kind since the election of Donald Trump, with a 1.5 per cent rise against the dollar. Having tumbled to another all-time low of 21.61 pesos on […]
BERLIN German trauma surgeons advised the public on Wednesday to walk like penguins to avoid slipping on pavements with freezing temperatures forecast nationwide over the next few days. An advisory published on the website of the German Society of Orthopaedics and Trauma Surgery said that walking like the aquatic birds involves leaning the torso forward so that the centre of gravity is on the front leg. A […]
After a near double-digit rally in US stocks since Donald Trump’s election victory, the question for investors is whether the outlook for corporate profits can begin to justify investors’ newfound optimism. Much of the rally has been underpinned by hopes that a Trump administration will boost corporate profits through lower corporate taxes, a more accommodative regulatory regime and a more confident US consumer. Corporate chief executives will […]
Time runs fast, and as many other things public relations and the overall way of communication have gone through an amazing transformation over the past years. To stay ahead of changes businesses must continuously adapt – be it how they operate, motivate their team, manage finances or conduct communications with their target audience. While advertising and more traditional ways of communication are losing consumers’ trust, businesses that […]
Google Chief Executive Sundar Pichai has some straightforward life advice for students at his alma mater: loosen up and have some fun. The India-born Mr. Pichai, speaking Thursday at the elite Indian Institute of Technology Kharagpur outside Kolkata, told university students who asked how they could emulate his success to pursue their passions, take risks, and be creative. That is unconventional advice in a country where parents […]
January 5, 2017 by: David J Lynch in Washington and Jessica Dye in New York Senator John McCain joined three top US intelligence officials on Thursday in blaming Russia for election-related cyber attacks which the chairman of the Senate Armed Services Committee called an “unprecedented attack on our democracy”. At an extraordinary Senate hearing called to hear the intelligence community’s conclusion that Russia interfered in November’s presidential […]
LONDON: Pro-government Iraqi paramilitaries accused of war crimes are using arms from at least 16 countries, including the US and Iran, according to an Amnesty International report released on Thursday.The predominantly Shia militias were formed in 2014 to support the Iraqi government in its fight against the Daesh group and have since committed war crimes, Amnesty said.The Sunni Arab community has been targeted by paramilitaries, which have […]
OPEC’s oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria’s oil industry and top exporter Saudi Arabia trimming exports. The decline, the first since May according to Reuters surveys, occurred despite higher exports from second-largest OPEC producer Iraq and a further upward trend in Libyan output. Supply from OPEC […]
The opening of Quincy Jones’s first jazz club would be big news anywhere in the world, but in Dubai – a city without a discernible jazz scene or dedicated purist-pleasing venue – it is at once a massive vote of confidence and a brave stab in the dark from a man notoriously unafraid of risk. On the basis of my midweek visit to Q’s, the man is […]
An imprisoned political activist in Iran who began a hunger strike more than two months ago to protest the incarceration of his wife halted the fast on Tuesday when the judicial authorities released her at least temporarily, rights groups and Iranian news media reported. The showdown between the authorities and the activist, Arash Sadeghi, who was sentenced in 2015 to at least 15 years for acts deemed […]
By David Brunnstrom and Arshad Mohammed | WASHINGTON WASHINGTON In three words of a tweet this week, U.S. President-elect Donald Trump vowed North Korea would never test an intercontinental ballistic missile. “It won’t happen!” Trump wrote after North Korean leader Kim Jong Un said on Sunday his nuclear-capable country was close to testing an ICBM of a kind that could someday hit the United States. Preventing such […]
After seven years of stock markets climbing ever upwards, investors found a new reason to buy in November: the shock election of Donald Trump. One oft-repeated anecdote is how the billionaire investor Carl Icahn left Mr Trump’s victory party to buy US stocks. A few days later Stanley Druckenmiller, who earlier in the year told a conference for fellow hedge fund managers to “get out of the […]
As Hurricane Sandy bore down on the Connecticut coast late October of 2012 and Gov. Dannel Malloy pled with residents to find high ground, reporter Neena Satija couldn’t shake one thought: “We are clearly not prepared for this.” Sandy passed, and sheer luck spared the state the worst of its impacts. But did officials acknowledge the averted disaster? Not in Satija’s view. “All of a sudden talk […]
For a long time, no visitors were allowed in his hospital room; the burn unit was a sterile environment. But on the morning Miller’s arm was going to be amputated, just below the elbow, a dozen friends and family members packed into a 10-foot-long corridor between the burn unit and the elevator, just to catch a glimpse of him as he was rolled to surgery. “They all […]
Disappointment again… Early exuberance in stocks – as overnight gains suggested panic buying at the US open, faded rapidly as financials and tech faded and crude plunged (despite better than expected data)… then after NYMEX closed VIX was smashed lower and stocks lifted… S&P was best on the day, Trannies were red (thanks to Ford news impacting rails)… NOTE – stocks ripped at the open, […]
|By Matein Khalid|“Few individuals alter the course of history. Fewer still change the map of the world. Hardly anyone creates a nation state. Mohammed Ali Jinnah did all three”. Dr. Stanley Wolpert’s words still give me goose pimples two decades after I first read his book. Mr. Jinnah founded Pakistan and was also my ancestral kinsman. I too was born in Karachi, the city by the sea, […]
Despite the weakness in ‘hard’ industrial production data, US Manufacturing ‘soft’ survey data from ISM and Markit surged in November and December. PMI rose to 54.3 final for December – a 21-month high – with employment rising and inventory-building. However, stagflation concerns continue to build as new orders declined and input price inflation accelerated. ISM rose to its highest since Dec 2014 with prices paid soaring to […]
By David Morgan | WASHINGTON WASHINGTON Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump’s cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump’s emerging leadership includes Exxon Mobil Corp Chief Executive Officer Rex Tillerson as secretary of state, former Texas Governor Rick Perry as energy […]
