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By Jane Chung and Geert De Clercq | SEOUL/PARIS SEOUL/PARIS South Korea’s KEPCO (015760.KS), the likeliest suitor for Toshiba Corp’s (6502.T) troubled nuclear business, is holding off from making an approach because of question marks over the scale of damage at the unit and political uncertainty in both South Korea and the United States, people with direct knowledge of the matter say. Japanese TV-to-rail conglomerate Toshiba has […]

By Robin Emmott and Alissa de Carbonnel | BRUSSELS BRUSSELS Hours before Wednesday’s attack in London, the head of the European Union police agency Europol warned that a large group of radicalised individuals posed a constant threat to Britain and Europe. “Some of these are likely to succeed in the future,” Rob Wainwright, who is British, wrote in a blog to commemorate the attacks in Brussels that […]

By Phil Stewart and Idrees Ali | WASHINGTON WASHINGTON The top U.S. general in Europe said on Thursday that he had seen Russian influence on Afghan Taliban insurgents growing and raised the possibility that Moscow was helping supply the militants, whose reach is expanding in southern Afghanistan. “I’ve seen the influence of Russia of late – increased influence in terms of association and perhaps even supply to […]

Predicting and acting upon financial fraud is one of the prime areas of application of advanced big data techniques like machine learning (ML). Earlier this week, a case of money laundering known as the Laundromat was uncovered by the Organized Crime and Corruption Reporting Project (OCCRP) involving a number of global banks active in the UK. Could ML help prevent such incidents? What progress is there on […]

To vote, or not to vote, that is the only question on the minds of Trump’s White House and House Republicans this morning.  If everything proceeds as planned, the Obamacare vote is currently scheduled for 7pm tonight.  That said, the further we press into today without confirmation that Republicans have narrowed the opposition votes from their own party down to 22 or less (as of last night […]

Last week, a colleague received the printer’s proofs for an article that she submitted two years ago. You read that correctly. In the time that it takes to earn a master’s degree, she managed to navigate the labyrinth of academic peer review in order to publish one essay. It’s a success story, if you can maintain your sense of humor. Journal publishing in the humanities […]

PARIS Anglo American’s (AAL.L) diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH (LVMH.PA) in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation. Analysts said the joint venture no longer fitted LVMH’s strategy, while Anglo American, which has long dominated global rough diamond sales, has been developing its presence on the high-margin […]

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UAE, March 23, 2017 – Drake & Scull International PJSC (“DSI” or the “Company”), a regional engineering and services leader, signed today the sale deal of its ownership share in the ONE PALM development in Dubai. The ONE PALM development, a joint venture project between Omniyat Properties and DSI, was launched in 2014. The flagship project is located on the left trunk of Palm Jumeirah and is […]

Korea Electric Power Corp has ruled out buying Toshiba’s controlling stake in Westinghouse, but confirmed it is interested in joining the NuGen consortium that is planning to build a new UK nuclear plant. The decision by the South Korean state-run utility is a blow to Toshiba’s efforts to find a buyer for its troubled US nuclear subsidiary as the Japanese conglomerate grapples with the worst financial crisis […]

DAKAR A Senegalese Islamic channel shocked viewers with half an hour of hardcore pornography in the middle of the day, in what the TV station on Wednesday attributed to a “criminal act”. Privately run Touba TV generally broadcasts religious programs, including prayer sessions, sermons from prominent imams and in-depth theological discussions. But viewers were horrified on Monday afternoon when its regular transmissions were interrupted with a hard […]

The most glamorous day in the horse-racing calendar, the Dubai World Cup, takes place on Saturday, March 25 at Meydan Racecourse. Whether you want to watch the races, soak up the atmosphere or simply enjoy the venue’s entertainment which includes a live performance by Sia, a few tickets remain available. Flick through our slideshow of the last-minute deals for the big day which range in price from […]

Akzo Nobel has rejected a second takeover bid in less than three weeks from US rival PPG, claiming that the revised offer of €22.4bn failed to recognise the value of the Dutch paints and chemicals group.  The latest takeover attempt by the US company represented a €1.5bn improvement on the previous offer, but was not enough for Akzo Nobel’s board, who rejected it unanimously. The maker of […]

WASHINGTON Republicans considering whether or not to back U.S. President Donald Trump’s healthcare reforms in a crucial House of Representatives vote this week face a painful choice. If they vote against, they could face the wrath of a vengeful and combative president. If they vote for it, they risk retribution from the billionaire brothers Charles and David Koch and other powerful right-wing players whose money can be […]

STUTTGART, Germany Porsche SE (PSHG_p.DE), Volkswagen’s majority shareholder, said it has no information about former VW chairman Ferdinand Piech’s talks with the carmaker’s controlling families about a possible sale of his stake. “We are only informed about the fact that talks are happening,” Porsche SE chief executive Hans Dieter Poetsch said on Tuesday at the company’s earnings press conference. “We cannot even say whether there will be […]

BANGKOK A 25-year-old Thai sea turtle died from blood poisoning on Tuesday, never recovering from an operation to remove 915 coins from her stomach, thrown into her pool for good luck, veterinarians said. The green turtle named Omsin, “piggy bank” in Thai, underwent a seven-hour-long operation this month to remove 5 kg (11 lb) of coins which she had mistaken for food. But Omsin, who lived at […]

By Arshad Mohammed and John Walcott | WASHINGTON WASHINGTON U.S. Secretary of State Rex Tillerson plans to skip a meeting with NATO foreign ministers next month in order to stay home for a visit by China’s president and will go to Russia later in April, U.S. officials said on Monday, disclosing an itinerary that allies may see as giving Moscow priority over them. Tillerson intends to miss […]

By Sarah N. Lynch | WASHINGTON WASHINGTON Shareholder activists are pushing back against a major business trade group’s request that the White House use its influence on the U.S. securities regulator to make it harder to get governance, political or environmental issues onto corporate ballots, according to a letter seen by Reuters on Monday. Company boards and CEOs have increasingly faced requests by investors to include various […]

The Authority marks the day with a range of internal and external initiatives to spread joy inside the Authority and beyond to the whole community 20 March 2017 Dubai, UAE – Dubai Culture & Arts Authority, the Emirate’s dedicated entity for culture, arts and heritage, has celebrated International Happiness Day 2017 with a range of internal and external initiatives that have spread joy inside the Authority and […]

When Tim Armour graduated from Middlebury College, a liberal arts institution in Vermont, he faced a conundrum. He could either accept a graduate programme slot at a West Coast investment group, or go and run a windsurf shop in Florida. Because he loved to windsurf but did not want to turn down a more sensible job, he asked the asset manager whether he could put off the […]

By Lawrence Hurley and Andrew Chung | WASHINGTON WASHINGTON Democrats raised questions on Monday about whether Neil Gorsuch, President Donald Trump’s U.S. Supreme Court nominee, would rule against abortion rights and gun control while favouring corporations as his Senate confirmation hearing began, with the court’s ideological balance at stake. Judiciary Committee Republicans praised Gorsuch, the conservative appeals court judge from Colorado nominated by Trump on Jan. 31, […]

After The Rensselaer Polytechnic Institute in New York announced last week the development of a blood test to identify autism in children, there have been reports of yet another advancement in diagnostic technology, this time from scientists at Yale, the John B. Pierce Laboratory, and the VA Medical Center in West Haven, Connecticut. The team has worked on an early diagnosis tool for depression and schizophrenia and created a […]

March 20, 2017 by: Aliya Ram in New Delhi and Simon Mundy in Pune Vodafone, the UK-based mobile phone operator, has struck a deal to merge its Indian operations with local rival Idea Cellular to create one of the world’s largest telecoms groups, with a combined implied enterprise value of more than $23bn. The two companies on Monday confirmed the deal, which is the second merger in the […]

Tim Byrnes is an unlikely symbol of China’s bid to become the world’s high-tech superpower. For a start he is Australian. Yet the 39-year-old quantum physicist’s decision to swap a research post in New York for Shanghai goes some way to explaining the lengths to which Beijing is going in its efforts to upend the world order. “Quantum physics is very strong in China,” says Mr Byrnes. […]

It has been almost five years to the day since Mahmood Hashim Al Kooheji took over as head of Bahrain’s sovereign wealth fund, Mumtalakat, restructuring several investment interests and making other changes to whip the fund into shape after years of losses. It followed a term at Gulf Air in which he managed the national carrier’s controversial restructure that saw 15 percent of its staff, around 600 […]

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