|By Ramesh Mahalingam| As someone who has worked in businesses across the ownership spectrum, I am tempted to pose this question to all aspiring CFOs: All other factors being equal, what is the fundamental difference in the approach to the financial reporting function as between a publicly listed company and a privately-owned business? The answer lies not in the IFRS standards, which by and large, do not […]
BAGHDAD: Daesh militants probably killed more than 300 Iraqi former police three weeks ago and buried them in a mass grave near the town of Hammam Al-Alil south of Mosul, Human Rights Watch said on Thursday.A Reuters reporter visited the site of the mass grave, where residents said the ultra-hard-line militants buried victims who had been shot or beheaded. The residents said they believed up to 200 […]
Rising market expectations for growth and inflation were not the only things behind the selling pressure on US Treasuries after the US election. One gauge of long-term Treasury market risk known as the term premium has also climbed. The day after the election of Donald Trump as the next US president, the 10-year term premium made its biggest single-day jump since 2011. The move was within the […]
By Alexandria Sage and Nichola Groom | LOS ANGELES LOS ANGELES Tesla Motors Inc Chief Executive Elon Musk won approval on Thursday from the electric luxury automaker’s shareholders for an acquisition of SolarCity Corp, the solar energy system installer in which he is the largest shareholder. The stock swap deal, worth about $2 billion, caps a tumultuous year for Musk and Tesla. The proposed acquisition of SolarCity, […]
Photo An Israeli settlement surrounded by a defensive wall near the West Bank city of Ramallah. Credit Thomas Coex/Agence France-Presse — Getty Images Right-wing Israeli politicians see Donald Trump’s election as helpful toward their goal of burying the prospect of a Palestinian state. On Wednesday, Israeli lawmakers gave preliminary approval to a bill that would retroactively legalize settlements built on private Palestinian land in the West Bank. […]
BANGKOK Thailand’s Charoen Pokphand Foods Pcl (CPF) (CPF.BK) said it will acquire U.S. frozen-food producer Bellisio Parent LLC for $1.075 billion, paving the way for an entry into the world’s largest food market. The acquisition is in line with CPF’s strategy to expand into high-potential markets, CEO Adirek Sripratak said in a statement. CPF, controlled by Thailand’s richest man Dhanin Chearavanont, signed a purchase agreement on Thursday […]
The Bahraini government is contemplating ways of increasing government service fees, but said citizens, particularly those with lower incomes, would not be affected. Cabinet Affairs Minister Mohammed Al Mutawa said the government was forced to raise fees due to financial constraints and in order to ensure services provided are in line with approved standards, reported Gulf Daily News. “Bahrainis will not shoulder the financial burden and that’s […]
Since last week’s US elections, emerging market assets have been spooked by the possibility of higher US interest rates and greater trade protectionism. That this should result in sudden and broad-based losses for holders of all types of EM investments — including equities, local debt, external bonds and currencies — should not come as a great surprise. What is unusual, however, is for such large losses to […]
Many health conditions, in both men and women, could be prevented simply by making lifestyle changes such as exercise and a healthy diet, but men are often more reluctant to ignore the signs or seek treatment. Benign prostatic hyperplasia Dr Stefan Schumacher, consultant urologist at Healthpoint hospital in Abu Dhabi, says: “One of the common cases we encounter at Healthpoint is benign prostatic hyperplasia [BPH] or an […]
CAIRO — An Egyptian criminal court sentenced a police officer to life in prison on Wednesday for fatally shooting a man who refused to give him a free cup of tea. It was an unusual move by a court in a country where the police are generally allowed to act with impunity, human rights activists said. The shooting in April, in which the tea vendor was killed […]
Pluto’s iconic icy heart is likely harboring a slushy ocean with layers of frozen nitrogen and water ice, which best explains the features revealed after the New Horizons spacecraft flyby, a new study suggests. What’s more, the dwarf planet may have once been walloped by a large comet that left a “giant scar” on its surface, which has since then been filled with heavy nitrogen ice, scientists […]
Dead Rising 4 will not feature campaign co-op, unlike previous games in the series. Via Destructoid, Capcom Vancouver producer David McAnerin fielded a question from a fan on a stream asking whether the fourth iteration will feature co-op play in the main campaign. “So, in the story mode, it’s a single player story mode, you’re going to play just as Frank…,” says McAnerin. “The four player co-op […]
For four years, officials said, they had patiently requested that Dharam Pal Singh provide reliable evidence to verify his birth date: school records, military records, baptismal records, medical records, school records of his children. “We have absolutely nothing to prove how old he really is,” Pashkin said. “He could be 80; he could be 100. We don’t know.” Through the years, Singh had not been consistent in […]
DUBAI // Indian expatriates appealed to their government for enough time to get home and deposit the now-defunct 500 and 1,000-rupee notes. Last week the government of prime minister Narendra Modi scrapped high-denomination banknotes in an attempt to tackle corruption and tax evasion, setting a December 30 deadline to exchange old bills. India’s central bank, the Reserve Bank of India, said those unable to deposit banknotes in […]
Over the past few episodes, the battle between the evil Zamasu and Goku, Vegeta and Trunks has been heating up. It seems Zamasu’s fusion with Goku Black simply made the villain too powerful for the Z fighters to overcome. But as episode 66 of Dragon Ball Super shows, the defenders of Earth have a few more tricks up their sleeves. As was heavily teased in previews for […]
MARRAKESH // Today’s youth value protecting the environment over economic gain and see education and social awareness as key enablers to sustainable development, according to a new survey by Masdar. The Masdar Gen Z Global Sustainability Survey involved around 5,000 young people aged 18-25 from across the globe in order to understand the challenges they see in the future. The findings offer insights into a generation’s hopes […]
A consortium of space and research organizations, Project Blue is aiming to photograph planets around the Alpha Centauri star system, starting with launching a Kickstarter campaign to fund efforts to spot a “pale blue dot” that signify Earth-like planetary conditions conducive to life. Set to last until Dec. 21, 2016, the Project Blue Kickstarter campaign has a funding goal of at least $1 million. It’s a dramatically […]
And yet it does. Among those bothered is Lod’s mayor, Yair Revivo, who is Jewish and announced last month that the city would broadcast the Shema, a central prayer that begins “Hear O Israel,” to counter the mosques’ call. Continue reading the main story The first of Islam’s five daily prayers begins before dawn, noted Col. Motti Yogev, a member of Parliament who introduced the new ban. […]
Russia launched its long-awaited offensive across Syria on Tuesday just hours after Vladimir Putin discussed the conflict with Donald Trump amid growing questions about how the incoming American president will deal with his Russian counterpart. Sergei Shoigu, Russia’s defence minister, said the air strikes were targeting Isis and Syrian jihadis, their ammunition depots and training camps, in the provinces of Idlib and Homs. Opposition activists said the […]
While emojis will certainly not replace texts in messages anytime soon, it is increasingly integrated into modern electronic communication. That is why when Apple redesigned the peach emoji for an iOS 10 beta version, the company drew immense amount of flak, prompting a complete turnaround. Realistic iOS Style This issue has two important variables going for it. First, there is Apple’s drive to redesign the entire range of […]
Center for Public Integrity veteran John Dunbar has taken over as the organization’s new chief executive officer. Dunbar, 52, has worked at the Center for more than 12 years covering three separate stints. He first worked for the Center from 1999-2006, and during that time created the “Well Connected” project, an investigation of the political ties of the media and broadband industries. He came back briefly in […]
Photo Costa Rica players after a goal on Tuesday night. The Americans, tied for last place in their group, will have to wait four months to play again. Credit Moises Castillo/Associated Press SAN JOSE, Costa Rica — The defense was a shambles. The midfield had little presence. The attack, such as it was, just spun and sputtered. How bad was it? It is difficult to know where […]
Long-simmering tensions between Donald Trump and the Washington foreign policy establishment burst into the open on Tuesday after a respected former congressman quit the transition team and a leading neoconservative publicly warned colleagues not to join the incoming administration. Mike Rogers, former chair of the House intelligence committee who had been one of the senior figures advising the transition on national security, stepped down as head of […]
Snapchat parent company, Snap Inc., has just filed confidentiality for its initial public offering (IPO), according to reports. News about a Snapchat IPO at a $25 billion valuation first surfaced back in October, and new reports now bolster such claims. The company is reportedly seeing to raise $4 billion, which would lead to a valuation of $25 to $35 billion. The confidential filing with the Securities and Exchange […]
