May 12, 2017 IMPHAL, India – Fifteen seconds into the opening match of the 10th Manipur International Polo Tournament, after a long and feverish drumming performance, after the Manipur state chief minister had been properly honored with gifts and praise, after mounted players had paraded around the Mapal Kangjeibung polo ground with country flags held high, the home team scored on the Australians. It was a bright […]
The completion date for the world’s tallest tower has been pushed back to 2019, a Saudi Arabian billionaire said Thursday, almost six years after launching the record-breaking project. Jeddah Tower is to rise more than a kilometre (almost 3,300 feet), placing it above Dubai’s Burj Khalifa. “The project was delayed… but it’ll open (in) 2019,” Prince Alwaleed bin Talal told AFP during a visit to the site […]
By Nick Carey | ORWELL, Ohio ORWELL, Ohio Three years ago if a customer walked onto Dan Reel’s used car lot seeking a late-model off-lease Ford Escape, his answer was short: tough luck. The supply of lightly-used cars and trucks was tight because automakers had drastically cut back on bargain leases during and after the Great Recession. Recently, though, a computer search for available used vehicles within […]
Reem bin Karam taps Emirati tradition and history to find her role models but a life of selflessness is hers alone and she is the example for young compatriots to follow as she shares lessons written in tears of family tragedy. SHARJAH // A life-long passion for helping others and giving back to society is what inspires Reem bin Karam go to work each day. Ms bin […]
Kuala Lumpur, 11 May 2017 The fifth edition of Islamic Financial Services Board’s (IFSB) annual Islamic Financial Services Industry Stability Report 2017 examines the implications of the recent economic developments and changes in the global regulatory and supervisory frameworks on the global Islamic financial services industry (IFSI). Amidst a challenging external environment brought on by the changing policy directions and uncertainties in the global economic landscape, institutions […]
11 May 2017 The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it achieved a total operating income of US$ 249 million during the first quarter of 2017 and the total financing and investments recorded slight increases at the end of March 2017 compared to end of December 2016. Al Baraka Banking Group has continued during the first quarter of 2017, […]
Stock markets in the Asia Pacific region were mixed on Thursday as energy stocks enjoyed a boost from improved crude prices. In Sydney the S&P/ASX 200 was up 0.7 per cent as energy stocks climbed 1.1 per cent. Shares in major banks were recovering from a drop brought on by a new levy announced on Tuesday night, with National Australia Bank up 1.1 per cent. Tokyo’s Topix […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks rose early on Thursday, getting a lift from a record high close on MSCI’s global stocks benchmark after strong gains in oil prices buoyed energy stocks globally. Oil prices held on to 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in U.S. inventories and support from Iraq and Algeria for an extension […]
Xped executive chairman Athan Lekkas (Image: Supplied) Australian Securities Exchange-listed Internet of Things (IoT) company Xped has announced that it is purchasing fellow Adelaide-based artificial intelligence (AI) company Jemsoft for AU$200,000 in cash and 50 million Xped shares. The total value of the deal comes to AU$900,000, with Xped shares priced at 14 cents per share. In addition to acquiring all of Jemsoft’s intellectual property — including […]
Abu Dhabi // The president of the UAE, Sheikh Khalifa, has been invited by Saudi King Salman to attend talks in Riyadh later this month with the US president. The ruler of Abu Dhabi was invited to both the US-GCC talks as well as the summit expected to be held a day later, on May 21, between Donald Trump and leaders from more than a dozen of […]
Senators from both sides of the aisle wrote to President Donald Trump on Wednesday urging him to take a tougher line with Beijing in the South China Sea, calling for more U.S. naval patrols to uphold navigation rights in the disputed waterway. The appeal, backed by three Republicans and four Democrats, reflects growing concern in Congress that the Trump administration could be ceding strategic ground to China […]
Snap fell short of Wall Street’s expectations in its first quarterly results as a public company, sending its shares tumbling by almost a quarter in value in after-hours trading to hit a new low. The maker of the Snapchat app reported revenue growth of 286 per cent to $149.6m but analysts had been expecting almost $10m more than that. Losses were also wider than forecasts. Daily active […]
By Yashaswini Swamynathan U.S. stocks were slightly lower on Wednesday, dragged down by Walt Disney’s disappointing results, while investors turned cautious after President Donald Trump fired his FBI chief. Disney (DIS.N) fell 2.5 percent and was the top drag on the Dow and the S&P 500 after the media company reported quarterly revenue below analysts’ expectations. Trump said he fired FBI Director James Comey, who had been […]
Time Inc cut its dividend and announced a board shake-up as the magazine publisher reported a steeper than expected first-quarter net loss and decline in revenue. The owner of Time, People and Sports Illustrated is in the midst of a strategic reorganisation aimed at shifting its business from print to digital, following its decision last month not to sell itself. Its net loss widened to $28m, or […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Sean Hannity, the eight-figure archetype of selective moral outrage, last night charged the press with going “completely insane” over the James Comey firing. Hannity accused it of “selective moral outrage,” proving it takes one to know one amid wall-to-wall Comey […]
Air Arabia has renewed plans that were put on hold after a dip in demand to expand its fleet, with the biggest discount carrier in the Gulf and North Africa encouraged by rebounding sales at its Moroccan unit. The airline, an Airbus SE A320 operator, could reach a decision on new jets as early as this year or into 2018, Chief Executive Officer Adel Ali said in […]
ZURICH ChemChina [CNCC.UL] has won around 82 percent support from Syngenta shareholders for its $43 billion takeover of the Swiss pesticides and seeds group, China’s biggest foreign acquisition to date, the two companies said on Wednesday. Definitive interim results of the tender showed around 82.2 percent of Syngenta shares and depository receipts had been offered, slightly above the level the partners had announced last week when ChemChina […]
Two Sigma Securities said on Tuesday that it plans to buy Interactive Brokers’s options market-making unit. After completion of the deal, Two Sigma Securities’s market-making offering will “span over 7,000 U.S. equity securities and options on 1,300 underlying securities, executing over 300 million shares and one million options contracts per day,” the company said. “Through this transaction, TSS will integrate Timber Hill’s highly complementary platform to form […]
By Timothy Gardner | WASHINGTON WASHINGTON Eight Democratic senators asked U.S. regulators on Tuesday to launch an investigation into billionaire Carl Icahn’s activities in the U.S. biofuels blending credit market, saying the activist investor may have violated trading laws since becoming an adviser to President Donald Trump. “We are writing to request that your agencies investigate whether Carl Icahn violated insider trading laws, anti-market manipulation laws, or […]
A group of US senators has urged a government investigation into billionaire Carl Icahn’s involvement in an obscure market for US biofuel credits, arguing he profited by influencing prices through his role as informal counsel to President Donald Trump. Mr Icahn controls CVR Energy, an oil refiner which trades credits used to meet a federal mandate for mixing ethanol and biodiesel with petroleum products. In December, the […]
US stocks hit fresh intraday highs on Wednesday, with Apple’s market value breaking through $800bn for the first time, as an earnings trade replaces the so-called Trump trade. The best US earnings season in five years has powered Wall Street to new heights even as the pro-business tax, regulation and infrastructure policies of Donald Trump are taking longer to translate into action than investors had hoped. The […]
Facebook is under fire again over the way it handles fake news, as an Austrian court just ruled the company must remove all posts considered to be hate speech. The ruling doesn’t refer to just local posts either — the Austrian court ordered Facebook to remove hateful content globally, which makes the ruling significant even beyond the country’s borders. Austria Takes Steps Against Facebook Hate Speech Austria’s Green party, […]
Moon Jae-in has triumphed in the South Korean presidential election with over 40 percent of the vote, according to exit polls. But the liberal leader’s solid victory can’t patch over deeper political wounds. Just as the United Kingdom’s vote to leave the European Union left British society divided and Donald Trump’s election polarized Americans, the impeachment of Park Geun-hye has split South Korea. While more than 75 […]
Mouthwatering images of toast smeared with rainbow-hued cream cheese, topped with picturesque sprinkles, fresh flowers and star-shaped strawberries, are what you might find if you search Instagram for “mermaid toast”, the latest pretty-food trend to hit the web. Pretty food – it’s a thing. You may be surprised to learn that food bloggers put just as much, if not more, effort into their food posts as fashion […]
