BEIRUT Syrian state media said on Monday the army and its allies had captured the al-Sakhour district from rebels in eastern Aleppo, an advance that risks splintering the opposition-held area in two. Rebel sources could not immediately be reached for comment. Citing a military source, state TV said the army and its allies had seized the entire area and were working to clear it of mines. It […]
It’s laudable that Trump wants to bring factories back to USA. But how about virtual, monetary factories? Moving financial institutions such as banks, insurers, brokerage houses, exchanges, and other institutions brings the most bang for the buck when it comes to revitalizing America’s economy. As we explain in Splitting Pennies, even though money doesn’t exist, it’s the most important part of a healthy economy. The business climate […]
Industry eyes opportunity to reinvest at higher yields and leave low rate era behind ©Noam Galai/WireImage/Getty Donald Trump may be just what the global insurance industry needs. Shares in several of the sector’s largest companies have outperformed the market strongly since the US election, on hopes that a prolonged squeeze on their returns is finally drawing to a close. Years of ultra-low rates have eaten away at […]
Ret. Maj. Gen. David Senty, who was the chief of staff for the U.S. Cyber Command, spoke about cyber risk management at a breakfast Thursday in New York. (via WSJ)
By John Miller | ZURICH ZURICH Swiss voted in a referendum on Sunday to reject a speedy exit from the nation’s five nuclear power plants, as concerns over losing energy independence outweighed safety worries raised by the measure’s proponents. Nearly 55 percent of voters turned down the initiative, with 45 percent favouring it in a vote that was part of the Swiss system of direct democracy giving […]
Farmers in India are enjoying a privilege denied to the rest of their countrymen–permission to use old 500-rupee currency notes to buy seed. Prime Minister Narendra Modi earlier this month announced the replacement of high-denomination bank notes worth 500 rupees ($7.33) and 1,000 rupees ($14.66), to get rid of corruption, eliminate counterfeit money and make people pay taxes. The move has led to a cash shortage, with […]
A team of researchers from Baylor College of Medicine (BCM) has found that chronic jet lag may result in obesity and liver diseases including liver cancer. David Moore, the lead author of the study from BCM said that the incidence of liver cancer is increasing worldwide in recent years and it is also observed lately that individuals suffering from fatty liver disease develop liver cancer directly skipping intermediate […]
November 27, 2016 by: Kiran Stacey in New Delhi and David Keohane in Mumbai Indian banks will have to deposit as cash all the extra money they have been given as a result of demonetisation with the Reserve Bank of India, the central bank announced this weekend. The RBI made its sudden move after the country’s banks, flush with cash, went on a bond-buying spree, bringing down […]
By Jacob Gronholt-Pedersen | COPENHAGEN COPENHAGEN Denmark’s Prime Minister Lars Lokke Rasmussen said on Sunday he had agreed to form a new government with the Liberal Alliance and the Conservative Party, reducing the risk of snap elections. The deal, announced on Twitter, allows Rasmussen to cling to power after threats by political allies in recent months to overthrow his minority government due to conflicting demands on tax […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on how infrastructure and fiscal policy shake-ups will play out for investors in the light of the current “Trumpflation” market rallies. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Infrastructure spending is the new zeitgeist of our age but we should have […]
By Edward Taylor and Jan Schwartz | FRANKFURT/HAMBURG FRANKFURT/HAMBURG Just as Porsche and Audi have fought for supremacy on the race track, the Volkswagen brands are now locked in a cut-throat battle to develop and manufacture the next generation of electric cars at a group embroiled in the “Dieselgate” scandal. Volkswagen Group denies that the kind of internal rivalry that it encouraged at the Le Mans 24 […]
Here are the big questions we are asking at FT Markets into the week when the calendar flips over into December. Will Opec deliver a meaningful production cut? All eyes are on Vienna and Opec’s annual gathering with a keenly awaited decision on production levels. An Opec deal on Wednesday that delivers a concrete supply reduction of at least 1m barrels a day, with non-members such as […]
Payday lenders asked a federal judge in Washington, D.C., for emergency relief to stop what they called a coordinated effort by U.S. regulators to stop banks from doing business with them, threatening their survival. In Wednesday night filings, the Community Financial Services Association of America (CFSA) and payday lender Advance America, Cash Advance Centers Inc said a preliminary injunction was needed to end the “back-room campaign” of […]
Dubai, November 27, 2016: Al-Futtaim has announced the appointment of Dr. Hayan Sayed as Chief Executive Officer of Al-Futtaim Engineering and Technologies. Part of Al-Futtaim Group Real Estate, Al-Futtaim Engineering is a multi-disciplinary engineering organisation operating across UAE, Qatar and Saudi Arabia with over 30 years of successful operations. Al-Futtaim Technologies is a leading Converged Systems Integrator and provides complete business solutions to large, medium and small […]
Nov 24, 2016 10:04 am IST NEW DELHI—Unable to spend or deposit their sackfuls of large bank notes amid India’s crackdown on hoarding cash, business owners across the country are paying employees months of salary in advance, ringing up bogus sales and even buying gold they can smuggle overseas to get rid of stashed money or conceal its source. Such illegal workarounds are threatening to undercut Prime […]
LONDON A Heinz television advert showing people drumming a rhythm on its baked bean cans has been banned by British regulators on safety grounds. The Advertising Standards Authority (ASA) ruled that Heinz’s “Can Song” advert should not be broadcast again in its current form after nine people complained that the ad encouraged unsafe practices or could be dangerous for children to copy. Over 1.6 million people viewed […]
Law Blog rounds up the morning’s legal news: Law school accreditation: National accreditors are getting tough and telling law schools to better prepare students for legal practice or risk losing their accreditation. [WSJ] Forced feedings: An anorexic woman who weighs 69 pounds can refuse force-feedings, a New Jersey superior court judge ruled. [WSJ] ‘Pretend’ lawyer: […] (via WSJ)
The Samsung Galaxy S7 edge is undoubtedly one of the best smartphones of 2016. Reports suggest that the mobile phone is also at the top of the list for emitting the lowest electromagnetic radiation level. Electromagnetic Radiation Specific absorption rate (SAR) is an indication that establishes the amount of radiation absorbed by humans while using a cell phone. Higher SAR indicates that the device is emitting more electromagnetic […]
By Steve Holland and John Whitesides | WASHINGTON WASHINGTON Republican presidential front-runner Donald Trump made a surprise closed-door visit to the Republican National Committee on Thursday after a tumultuous two days on the campaign trail that included a reversal of his pledge to support the party’s nominee. Trump, who is also struggling to contain the fallout from his Wednesday comment that women who have abortions should be […]
The survey of U.S. business executives released Friday by the American Chamber of Commerce in China showed 26% had seen data or trade secrets stolen over an unspecified time period. More than 40% said they saw the risk of a data breach in their China operations rising. The chamber hasn’t previously released survey results related to data theft. (via WSJ)
By Lisa Lambert | WASHINGTON WASHINGTON Lender GE Capital asked the U.S. government on Thursday to stop designating it as “too big to fail,” saying it had shrunk to the point where it would not pose a major threat to the nation’s financial stability if it experiences distress. Chief Executive Officer Keith Sherin said in a statement that the General Electric Co (GE.N) unit no longer met […]
WHEREVER you are right now, there’s a very good chance the weather is much nicer in San Diego. California’s second most populous city has long used its relentlessly pleasant climate to lure travelers to attractions like the USS Midway, SeaWorld, more than 90 golf courses and roughly a bazillion miles of beaches and hiking trails. Rarely does a sneak attack of cold or wetness ruin a weekend […]
This transcript has been automatically generated and may not be 100% accurate. … the state of disarray themes the unusual even for that nasty region … that all risk and peril and President Barack Obama is policy dreams … and leaving him with limited ability to control events joining us this cost is the Journal’s Washington D C bureau chief … Jerry side … Gerri thank you […]
The dollar broke new ground in its post-US election surge against the yen on Friday as the market eyed a potential ¥3.8tn ($34bn) deluge of yen selling by life insurers. Tokyo’s morning session saw speculators pushing the dollar into the high ¥113 zone — an eight-month peak and a move that is underpinned by more unwinding of long yen positions built ahead of what big Japanese investors […]
