This year. I started out as a managing editor of the L.A. Times. I end it as a vice president at CNN. We lived in Los Feliz, under the hills of Griffith Park and neon signs of donut shops. Now we’re in Jackson Heights, in the shadow of brick buildings and halal butchers and planes headed to LaGuardia. After the move, we let our 12-year-old walk to […]
A Middle Eastern investment banking fee bonanza should extend into 2017, spurred by a combination of bond and share sales and mergers and acquisitions as the region adjusts to lower oil prices, bankers say. Deals such as Saudi Arabia’s $17.5 billion debut international sovereign issue and the sale of a majority stake in retailer Kuwait Food Co (Americana) to Gulf-based Adeptio have helped banks’ earnings, off-setting falls […]
A lawsuit has been filed against Google by one of its employees, alleging the company’s policies improperly muzzle workers. The suit, posted on the website of the plaintiff’s lawyer, challenges the legality of Google’s policies and seeks damages for 12 alleged violations of California labor code under the state’s Private Attorneys General Act. The case was filed by Google product manager identified only as “John Doe,” who […]
A merger of German container shipping line Hapag-Lloyd and United Arab Shipping Company (UASC) is likely to take months to complete, partly due to financing issues blamed on a deep industry downturn, sources familiar with the deal say. Hapag-Lloyd signed a binding agreement with UASC in July to form the world’s fifth-largest line, valued at about 7 to 8 billion euros ($7.2-$8.3 billion), by the end of […]
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. It could be called the “NBC Very, Very Late Nightly News With Brian Williams.” Instead, it’s “The 11th Hour With Brian Williams” on MSNBC — a new show starring an old face who’s honorably doing what he does well in […]
By Steve Scherer | ROME ROME Three days after resigning as Italian prime minister and before his successor took office, Matteo Renzi typed a late-night Facebook post from his family home near Florence that seemed to cast doubt on his future. “I have no seat in parliament, no salary, no pension… I’m starting over,” he wrote. Since stepping down on Dec. 7 after a crushing referendum defeat […]
Otsimo provides free games for autistic children to help improve attention spans using machine learning and gamification. Image: Otsimo Autistic spectrum disorders, or ASDs, impose huge costs, both human and economic, on sufferers, their families, and the community. The human toll, in terms of care and impaired relationships, is almost impossible to quantify. Looking at the US alone, the economic expenditure last year was estimated at about […]
State investment fund Mubadala Development Co will control a 2 percent stake in BP sold to Abu Dhabi in exchange for a holding in Abu Dhabi Company for Onshore Petroleum Operations (ADCO), a spokesman said on Monday. The firm became the second Western oil major to renew a 40-year onshore concession in Abu Dhabi on Saturday after almost two years of negotiations to improve terms to help […]
BEIJING China said it will not change its position on opposing the awarding of the Nobel Peace Prize to people it considers criminals, even though Beijing and Norway had now normalised ties frozen since 2010 when a prominent Chinese dissident won. Liu Xiaobo, 59, was jailed by a Chinese court for 11 years in 2009 on subversion charges for organising a petition urging an end to one-party […]
It’s a hot July day in Bethlehem, and white-robed pilgrims from Nigeria stand in the courtyard entrance to the ancient church, singing and beating drums. They’ve travelled more than 3,500 kilometres to enter the church’s low wooden door, pass through a nave under restoration and down one of the staircases in the sprawling church, to the grotto. There, they will kneel in prayer and devotion at the […]
In a year replete with extraordinary political upheaval and the wrenching loss of artistic icons, the markets have played their part in contributing to the angst. Here is a look at some of 2016’s most notable one-day wobbles. China cracks It started badly. In China, the mainland’s benchmark, the Shanghai Composite index, had closed 2015 near a four-month high after bouncing nearly 21 per cent from its […]
Saudi Arabia’s crude oil exports fell in October by 176,000 barrels per day from the month before, despite high production, but its refined products shipments rose as the kingdom expands its refining power, official data showed on Monday. The world’s top exporter shipped 7.636 million barrels per day in October, down from 7.812 million bpd in September, according to data from the Joint Organizations Data Initiative (JODI). […]
aNewDomain — Rex Tillerson, the ExxonMobil chief who Donald Trump has tapped to be the next US secretary of state, was the director of a Bahamas-based US-Russian oil firm, according to leaked documents in the Panama Papers. Tillerson ended the association with the Exxon subsidiary, Exxon Neftegas, in 2001, Exxon rep Scott Silvestri said Monday, a day after the Guardian and reporters at the International Consortium of Investigative Journalists reported the news. […]
Our annual collection of media corrections is, undoubtedly, an excuse to chuckle at our industry’s missteps. But it’s also a recognition of an honorable practice that not everyone follows. Outlets that mark their corrected articles clearly or collect them in one easily searchable section (for example, The Guardian) may be over-represented in this list, but they should be commended. A note on selection: This is a list of media […]
National Assembly session reconvened on Monday but the disorder prevailed as the treasury and opposition benches kept chanting slogans against each, with Pakistan Tehreek-i-Insaf leaders sticking to their demand that PM Nawaz Sharif should address the house and clarify his statement regarding Panamagate issue. Speaker Ayaz Sadiq started the house proceedings by asking Awami Muslim League (AML) Sheikh Rashid to address the session. Talking about Panamagate, Rashid […]
Convoys of evacuees travelled from a rebel-held area of Aleppo and from two Shi’ite villages besieged by insurgents on Monday after a days-long stand-off. Dozens of buses carrying thousands of people from Aleppo’s tiny rebel zone reached insurgent areas of countryside to the west of the city, according to a United Nations official and the Syrian Observatory for Human Rights, a monitoring group. At the same time, […]
As we celebrate the completion of another trip around the sun, and prepare to start the next one, the festive television season is shifting into high gear. Grab your remote – we’ve got more than enough TV treats to enjoy as you relax on the sofa after all the preparation and socialising. Pop that gourmet corn, rip open a box of chocolate and enjoy a wide range […]
Global Investment House said on Monday that its Elaj Group unit has concluded partial divestment from Al Borg Medical Laboratories Limited to Investcorp and Boubyan Petrochemical Company. Al Borg is the largest chain of private laboratories in the Middle East and North Africa region, according to its website, with 26 laboratories in Saudi Arabia, four in the UAE, two in Qatar, and one each in Bahrain, Kuwait, […]
By Angus McDowall and Ellen Francis | BEIRUT BEIRUT Thousands were evacuated from the last rebel-held enclave of the city of Aleppo on Monday after a deal was reached to allow people to leave two besieged pro-government villages in nearby Idlib province. Convoys of buses from eastern Aleppo reached rebel-held areas of countryside to the west of the city in cold winter weather, according to a U.N. […]
DUBAI // Prosecutors have failed to overturn a not guilty verdict given to an office cleaner accused of sexual assault. Dubai Criminal Court cleared the 34-year-old Indian of touching a woman’s breast in October. On May 15, the 28-year-old Filipina was working late at her office in Dubai Healthcare City. “About 9.30pm I went to my desk to take my bag and laptop then leave but I […]
The barbarians at the gate have claimed a victory in the battle for control over China Vanke, the country’s largest retail property developer, after the company called off a deal to take on a new majority shareholder. Shares in Vanke fell more than 6 per cent to HK$18.22 in Hong Kong on Monday morning after the home builder said on Sunday that it had dropped plans to […]
Underlines the Importance of Strengthening Partnership with the Private Sector to Achieve Strategic Objectives in the UAE Dubai, UAE: December 18, 2016 The Ministry of Climate Change and Environment launched the ‘Environment and Business Majlis’, aimed at boosting the private sector’s contribution and guided private companies to be aligned with the government’s environmental strategies and create new investment opportunities that involved the ministry and the private sector. […]
ABU DHABI // The UAE has delivered four pillars of its 2030 global space agenda, a forum hosted by the UAE Space Agency and the United Nations heard on Sunday. The Dubai Declaration underlines the role of space exploration as a driver of innovation and international cooperation and sends a message that roles of women and young people in the space industry must be strengthened. “This declaration […]
David Cameron began 2016 in 10 Downing Street and ended it at DePauw University in a small Indiana town, speaking for a reported £120,000 an hour. The former British prime minister is now paid almost as much for a 60-minute speech as he used to earn in a year, as he tries to make sense of his own historic failure: Brexit. Whatever he says now, Mr Cameron’s […]
