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Terrorism and declining oil prices affected the regional hospitality sector especially in Saudi Arabia, Turkey and Egypt, according to Mark Willis, Vice president Middle East and sub-Saharan Africa, Carlson Rezidor Hotel Group. Willis is however optimistic about the results of the Saudi economy during the first quarter of 2017 while stressing that the most difficult performance for their Radisson Blu hotels was in Turkey and Egypt. “We […]

As discussed earlier, Jamie Dimon’s annual letter this year was a departure from his usual optimistic sermons about the state of nation, dedicating an entire section in the 45 page letter to  describe that “something is wrong” with the US. And of all the items mentions, the following aspect of the US economy is what was most troubling to the JPM CEO. Not surprisingly, it deals with […]

Magic coach Frank Vogel was left with some explaining to do.Image: AP/REX/Shutterstock By Sam Laird2017-04-04 21:47:19 UTC The tweet has been deleted, but this is the internet, where nothing really disappears.  One NBA franchise is still picking up the pieces.  Patricio Garino is an Argentine basketball pro who signed a contract with the Orlando Magic on Monday. His agent was stoked — and so tweeted out a […]

Fox News is facing fresh legal and financial challenges after a third employee joined a racial discrimination lawsuit while a dozen brands stopped advertising on Bill O’Reilly’s top-rated programme following new allegations of sexual harassment and verbal abuse. The allegations that the cable network knew of complaints from black employees two years ago and failed to investigate them, coupled with the news of advertisers distancing themselves from […]

Greek ministers and the country’s bailout monitors were on Tuesday trying to strike a deal on the pension and labour market reforms needed to unlock further financial aid. With the clock ticking down to more than €6bn in debt repayments that Athens must make in July, negotiators say an accord on the main elements of the policy package must be reached soon to stave off the risk […]

Qatar is in discussion with FIFA to host several major international tournaments ahead of 2022 including the Club World Cup currently held by Real Madrid, sources familiar with the matter have told AFP. The Gulf state could also be the venue for the Under-17 and Under-20 World Cups. Sources say all three tournament options are currently being considered by the Qatari authorities and football’s governing body, and […]

Here is a selection of five charts that FT Markets believes are important signals for investors as the second quarter begins. 1. US equities How expensive does the US equity market look? This is perhaps the biggest question facing money managers. The answer is “very”, based on the S&P 500’s 12-month forward price-to-earnings ratio, divided by the current low level of Vix, or implied volatility, as the […]

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Pegasus spyware is used to monitor activities of individual targets. Image: iStock A new version of one of the most sophisticated forms of mobile spyware has been discovered, and this time it’s being used to spy on Android users. Made public last summer, the Pegasus mobile spyware was used by a nation state to monitor iPhones belonging to activists in the Middle East. Dubbed Trident, three separate […]

(Image: AOL) When Verizon completes its acquisition of Yahoo’s core business, the merger of AOL and Yahoo will result in a new parent company called Oath. AOL CEO Tim Armstrong on Monday tweeted an image of Oath’s logo, with the caption: “Billion+ Consumers, 20+ Brands, Unstoppable Team. #TakeTheOath. Summer 2017.” Business Insider first reported the name change. “In the summer of 2017, you can bet we will […]

Your daily guide to community and cultural activities across the Emirates for April 4, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Art talk Register […]

Timings for the eight Korean films screening in Abu Dhabi and ­Dubai as part of K-Fest 2017. newslide Train to Busan (2016) Director Yeon Sang-ho 15+ Korea’s first zombie film achieved massive success across Asia when it was released last year, and has attracted critical acclaim internationally. Passengers on a train have a fight to survive as a viral outbreak pushes Korea into a state of emergency. […]

A new sexual harassment lawsuit against Rupert Murdoch’s Fox News Channel has increased the pressure on the cable network with allegations that Bill Shine, its co-president, failed to protect a female contributor from retaliation by Roger Ailes after she spurned his unwanted advances. Julie Roginsky, a Fox News contributor and political consultant, alleged in a complaint filed in New York State supreme court that she was denied […]

Investors face a test of nerve as the second quarter beckons. The rally in US stocks and the dollar sparked by the election of Donald Trump is looking stretched, amid doubts about the president’s ability to deliver fiscal stimulus for the economy that can justify lofty equity valuations. The shifting mood has spurred money into emerging markets and European stocks, with EM currencies enjoying a stellar March […]

Mental Illness Aimee Mann (Superego Records) Four stars It is hardly the most inviting of album titles, but Mental Illness, Aimee Mann’s ninth solo album and first in five years, is decidedly easy on the ear. Its calming, almost-sedative mood is established from the moment the soft chink of sleigh bells ushers in the opening track, Goose Snow Cone. Several of the songs here are meditative-sounding waltzes, […]

BEIRUT An Iranian-American detained in Iran since last summer has been released on bail of approximately $60,000, the Human Rights Activists News Agency (HRANA) reported Sunday. Robin Reza Shahini was arrested by the Revolutionary Guards while visiting family in the northeastern city of Gorgan last July and subsequently sentenced to 18 years imprisonment on charges of threatening national security, according to HRANA. Shahini went on a hunger […]

ABS-CBN News Samal Bridge, Mindanao rail named prioritiesBusinessWorld Online EditionDAVAO CITY — Budget Secretary Benjamin E. Diokno identified the priority projects in Mindanao that are planned for construction starting this year or early 2018, including the Davao-Samal Bridge and the Mindanao Railway System. Fishing boats on the …Summer adventure awaits tourists in SamalABS-CBN News all 2 news articles » (via Google News)

Like many Hong Kongers with family and business ties in mainland China, Ceci Chong would often carry cash back across the border — until she was stopped last summer by a Chinese customs officer. She was caught bringing Rmb100,000 ($14,500) in family savings to Hong Kong — five times the cash limit imposed by China. Her case was part of a crackdown on “financial ants”, who smuggle […]

Your daily guide to community and cultural activities across the Emirates for April 2, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi #YearofGiving Donate pre-loved […]

MARSEILLE Emmanuel Macron, the independent centrist candidate who is favourite to win the French presidential election, held a meeting with French conservative and security hardliner Christian Estrosi on Saturday during a visit to Marseille. Macron has said he wants to bridge the right-left divide. Estrosi is from a wing of French conservative politics that is far to the right of the Socialist government under which the 39 […]

Chat is nothing new in business (or even new to Microsoft), but it’s heading out of the technical department and the personal chat clients, and into the wider workforce. Microsoft Teams has some obvious similarities to Slack and HipChat and the other business chat services, but it has a different focus. This is chat for teams of people in your business who already use Office 365 tools […]

RBC’s head of cross asset strategy Charlie McElligott dons his full wonksh equity analyst hat today, exposing “The April Effect,” and the specific risk of “nasty double whammy” of levered long-short unwinds should momentum stall. Quick note of warning as we transition into the new quarter, with potential for major thematic / sector / factor reversals in stocks.  The following observation regarding April seeing a seasonal ‘momentum’ […]

DUBAI // Children in the UAE are at low risk from the measles outbreak sweeping southern Europe thanks to a stringent national immunisation programme, doctors said. This week, the World Health Organisation warned that the disease was spreading fast wherever immunisation coverage had dropped, and particularly in Italy and Romania. In January, Italy reported more than 200 cases, while Romania reported more than 3,400 cases and 17 […]

Why Hamburg? The recent opening of Hamburg’s state-of-the-art concert hall, the Elbphilharmonie, has transformed Germany’s second biggest city from an under-the-radar destination into one of Europe’s current hotspots. And the Elbphilharmonie is only the tip of Hamburg’s vibrant music scene. There is Germany’s oldest Opera House, a concert hall dedicated to Brahms, plus dozens of live music clubs in the St Pauli neighbourhood, still going strong since […]

MUNICH Two Syrian migrants who came to Germany as part of an influx of refugees in the summer of 2015 went on trial in Munich on Thursday accused of fighting in Syria as part of a militant group. More than 1 million migrants have arrived in Germany over the past two years and concerns about security and integration are widespread. Barbara Stockinger, a judge and spokeswoman for […]

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