When the Nasdaq Composite index first spent two days above the 5,000 mark, it signalled the last gasp of a spectacular bull market. Confidence in internet companies’ power to change the world and mint fortunes was about to collapse. Seventeen years later the market has hit a milestone of 6,000, part of a run of record highs for global equity markets. While stocks have again been rising […]
Rumors of a mighty Galaxy Note 8 have already been making rounds for a good while, but Samsung just confirmed it. At one point after the two Galaxy Note 7 recalls, it seemed uncertain whether Samsung would continue the series and launch a Galaxy Note 8. Rumors started to intensify nonetheless and it seemed like a given that a Galaxy Note 8 would arrive this year, and […]
ABU DHABI// The contribution made by labourers in helping to build the UAE was praised yesterday by Sheikh Nahyan bin Mubarak, the Minister of Culture and Knowledge Development. He was speaking to thousands of labourers at the Al Dar Camp 3 on Yas Island, as part of early celebrations to mark International Labour Day in the capital. Sheikh Nahyan thanked them for their hard work over the […]
North Korea tested a ballistic missile on Saturday morning local time, in a provocative move that came just hours after Rex Tillerson, US secretary of state, called on UN member states to impose “painful” sanctions on the regime in Pyongyang. US Pacific Command, which oversees US forces in Asia, said North Korea launched a missile at 5.03am local time on Saturday from a location near Pukchang airfield, […]
By Jack Kim and Michelle Nichols | SEOUL/UNITED NATIONS SEOUL/UNITED NATIONS North Korea unsuccessfully test-fired a ballistic missile on Saturday from a region north of its capital, Pyongyang, South Korea’s military said, defying intense pressure from the United States and the reclusive state’s main ally, China. The test came as U.S. Secretary of State Rex Tillerson warned the United Nations Security Council that failure to curb North […]
Nobody should ever attempt to judge an investment over a period of just 100 days. It is far too short a time to assess the quality of performance and far too prone to random effects. And in any case, most of us need results over very much more than 100 days. It is therefore a little random to be judging the Trump presidency’s impact on investors after […]
Sony posted its consolidated financial results for the fiscal year 2016 and the PlayStation 4 had a great performance, albeit the company expects a slight decline. In the fiscal year 2016 ended on March 31, 2017, Sony shipped a record-breaking 20 million PS4 consoles, marking the system’s best performance ever. 60 Million PS4 Units Shipped In Total That contributes to a total of 60 million PS4 units shipped worldwide, […]
By Alastair Macdonald | BRUSSELS BRUSSELS European Union leaders at a Brexit summit on Saturday will give a formal undertaking to embrace the British province of Northern Ireland in the EU if a referendum unites the island, diplomats said on Friday. Irish Prime Minister Enda Kenny has asked fellow members of the bloc to acknowledge that Northern Ireland would, like East Germany in 1990, automatically enter the […]
Our round-up of the best comment and analysis from the Financial Times during the week focuses on US corporate earnings, eurozone interest rates and the future of US economic reforms. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. The FT’s John Authers says US corporate earnings have reached a turning point — the earnings recession that […]
New day, new leak. A US online pet store has exposed the details of more than 110,400 credit cards used to make purchases through its website, researchers have found. In a stunning show of poor security, the Austin, TX-based company FuturePets.com exposed its entire customer database, including names, postal and email addresses, phone numbers, credit card information, and plain-text passwords. Several customers that we reached out to […]
KUALA LUMPUR: The Ministry of Education is open to receiving feedback from the public on caning of students in school, said Deputy Education Minister Datuk Chong Sin Woon. “At this moment we would not consider to abolish corporal punishment, but we are always open for opinions. If the public think we have to stop it totally, we have to discuss (it first),” he said. He was commenting […]
By Jacob Greaves and Kylie MacLellan | LONDON LONDON The election campaign launch of Britain’s eurosceptic UK Independence Party got off to a troubled start on Friday, when protesters accused its leader Paul Nuttall of promoting racist propaganda after he promised to ban full face veils. UKIP, whose former leader Nigel Farage helped drive support for Brexit before last year’s referendum, was once seen as a threat […]
I’m a PC gamer who hasn’t owned a home video game console in five years. I don’t mention that to obnoxiously flex my PC Master Race muscles or look down upon filthy console peasants. Instead, it’s to highlight how thoroughly done I am with those generic black boxes that sit in entertainment centers and simply…exist. I may not be the most hardcore PC gamer, but […]
By Lucia Mutikani | WASHINGTON WASHINGTON The U.S. economy likely hit a soft patch in the first quarter as an unseasonably warm winter and rising inflation weighed on consumer spending, in a potential setback to President Donald Trump’s promise to boost growth. Reduced business investment in inventories and government spending cuts also crimped gross domestic product growth. A Reuters survey of economists conducted last week forecast GDP […]
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. When Barack Obama was vacationing recently with Bruce Springsteen, Tom Hanks and Oprah Winfrey aboard a $300 million yacht in Tahiti, one wonders if he ever hummed Springsteen’s “All Or Nothin’ At All.” At the moment, it seems like he […]
On the last day of the busiest earnings week in a decade, here is a striking statistic from Goldman Sachs, showing just how dominant a handful of large cap companies have become in terms of both overall profitability and market impact: Year to date the top 10 contributors have combined to account for 37% of the S&P 500 index return (more than double their market cap representation […]
CAIRO // The recent Palm Sunday attacks in Egypt that left dozens dead had no basis in faith and stood against the principles of all religions, Muslim and Christian leaders at a conference in Cairo said. Religious and political figures from across the globe were speaking on the first day of an international peace conference on Thursday co-organised by the UAE Muslim Council of Elders and Al […]
With each successive generation of new vehicle these days, there tends to be an inevitable bloat factor, whereby the latest and greatest offering is invariably bulkier and lardier than its predecessor. So it’s an eye-opener when a car brand – especially an American one – rolls out an all-new model that appears to have shrunk in the wash. Say hello to all-new GMC Acadia, a revamped seven-seat […]
The Australian Federal Police (AFP) has revealed that it “mistakenly” accessed a journalist’s call records without a warrant in breach of the data-retention legislation. According to the AFP, there was no “malice” involved in the breach, and there should be no inference that the journalist in question had committed an offence leading to their call records being illegally accessed by the AFP. “Earlier this week, the AFP […]
WASHINGTON U.S. President Donald Trump told Reuters on Thursday he will either renegotiate or terminate what he called a “horrible” free trade deal with South Korea and said Seoul should pay for a U.S. anti-missile system that he priced at $1 billion. In an interview with Reuters, Trump called the five-year-old trade pact with South Korea “unacceptable” and said it would be targeted for renegotiation after his […]
With Democrats seemingly unsatisfied with Republicans dropping border wall funding and adjusting on Obamacare-related items, it appears President Trump is calling Schumer’s and Pelosi’s bluff, proclaiming “If there’s a shutdown, there’s a shutdown,” adding that Democrats would be to blame if the federal government was left unfunded. Schumer today: *SCHUMER: TRUMP CONCESSIONS BRING SPENDING DEAL CLOSER TO FINISH *SCHUMER SAYS ‘SOME STICKING POINTS’ LEFT ON SPENDING BILL […]
Almost every time a hot Silicon Valley startup finally grits its teeth and releases diversity data, the story’s the same. Facebook? Mostly male. Uber? Male-dominated. Google? Same story. It’s a problem that’s gotten plenty of play in the tech press. In 2014, Wired ran an 1,800-word dissection of Silicon Valley male-ness titled “This is what tech’s ugly gender problem really looks like.” The story, which profiled women […]
The National Broadband Network (NBN) company should increase the extent of its fibre network, providing as many customers as possible with fibre to the premises (FttP) and fibre to the distribution point/curb (FttDP/C), the South Australian government has said, adding that the satellite service should be a “last resort”. Speaking in a submission to the Joint Standing Committee on the National Broadband Network, the South Australian government […]
By Jennifer Ablan and Stephen Nellis | NEW YORK/SAN FRANCISCO NEW YORK/SAN FRANCISCO Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. U.S. President Donald Trump said on Thursday in an interview […]
