At the start of January, when the Mexican Central Bank spent $2 billion to defend its currency in a rare intervention in the spot market, and which lasted just a few hours before the selling resumed, Goldman analyst Albert Ramos had some advice for Banxico: don’t use reserves to defend the Peso as Mexico would have greater need for them elsewhere. : Instead, Goldman’s advice was to […]
My taxi driver in San Diego had a plan. He was moving to Laredo to get back into long-distance trucking. He’d work hard for 10 years, save a couple of hundred grand, and retire to Mexico. I did the math: that put him around 2028. He might just make it before all the trucking jobs go away. At Qualcomm last week, Cristiano Amon, president of […]
ROME Michele Emiliano, the leftist president of the southern region of Puglia, said on Tuesday he would challenge former Prime Minister Matteo Renzi for the leadership of Italy’s ruling Democratic Party (PD), which faces a damaging split. Emiliano, 57, made the announcement at a meeting of the PD’s executive where he launched a stinging attack on Renzi, who resigned as party leader on Sunday to pave the […]
Qualcomm is stepping up its Internet of things game with support for Android Things OS, integration with Amazon Web Services and two systems-on-chips that aggregate a bevy of standards. special feature Louisville and the Future of the Smart City Louisville, Kentucky is building a unique bridge between the smart city and the smart home. Here’s what communities and citizens can learn about the benefits of the onrushing […]
Texas Monthly Editor-in-Chief Tim Taliaferro on Tuesday backed away from comments made during an interview with Columbia Journalism Review that indicated the magazine was retreating from political and longform journalism. In a note published on Texas Monthly, Taliaferro said that he “unfortunately gave the CJR the wrong impression” when he told the journalism review that “Texans don’t care about politics.” “Let me first say that I know […]
By Simon Carraud | BEIRUT BEIRUT French far-right National Front presidential candidate Marine Le Pen canceled a meeting on Tuesday with Lebanon’s grand mufti, its top cleric for Sunni Muslims, after refusing to wear a headscarf for the encounter. Le Pen, among the frontrunners for the presidency, is using a two-day visit to Lebanon to bolster her foreign policy credentials nine weeks from the April 23 first […]
Instagram has revealed there are 63 million users in the MENA region, equivalent to ten percent of the social media platform’s global community. Worldwide, Instagram has 600 million people actively using the platform each month, with 400 of those logging in on a daily basis. Instagram Stories has also proven popular, with 150 million new posts each day. The latest figures highlight how people in MENA have […]
H.E. Mohammed Al Gergawi: The vision of His Highness Sheikh Mohammed bin Rashid is clear and the role of the council is to put the strategy of Dubai 10x into action We will be working to stay ahead of future trends and developments and to maintain our lead over other major cities, implementing today what cities around the world will be adopting 10 years from now Dubai, […]
By Sumeet Chatterjee and Lawrence White | HONG KONG/LONDON HONG KONG/LONDON HSBC Holdings (HSBA.L) reported a 62 percent slump in annual pre-tax profit that fell way short of analysts’ estimates as the British bank took hefty writedowns from restructuring and pointed to brakes on revenue growth. HSBC shares slid more than 6 percent after the company reported revenues fell by a fifth from 2015, underscoring the challenge […]
Telstra has confirmed that its enterprise voice and data outage across New South Wales was caused by a faulty piece of hardware. The outage affected only enterprise customers on Tuesday morning until 1pm AEDT, with consumer fixed-line and mobile services not impacted by the hours-long outage. Earlier this month, Telstra also experienced an outage across fixed-line and mobile services due to a fire at its Chatswood exchange […]
NAB submits record of Hudabiya Mills ISLAMABAD: The Supreme Court (SC) will resume hearing of Panama Papers case today (Tuesday). Five-member larger bench headed by Justice Asif Saeed Khosa will hold hearing into the case. It should be remembered that Supreme Court during last hearing ordered NAB and FBR chairmen to appear in person in the court and presented record of the cases of money laundering against […]
21 February 2017 Dubai – Auerbach Grayson & Company, LLC, a New York-based brokerage firm specializing in global trade execution and exclusive in-depth research on developed, frontier and emerging markets, announced today that it has partnered with Dubai-based Arqaam Capital, the specialist emerging markets investment bank, to provide U.S. investors with greater access to the Middle East and South Africa. Through its exclusive partnership with Arqaam Capital, […]
By Drazen Jorgic | MALAM JABBA, Pakistan MALAM JABBA, Pakistan Atop the piste of Malam Jabba in Pakistan’s once dangerous Swat Valley skiers schuss downhill, a new Chinese-built chairlift ferries tourists to the peak, and a luxury hotel is under construction to replace one torched by the Taliban. The Taliban declared skiing “un-Islamic” during their 2007-2009 reign of terror over Swat, but improved security in recent years […]
When I heard that Donald Trump had branded journalists as “an enemy of the American people,” I had a flashback. It was early in the 1980s, and I was running one of Poynter’s first seminars on media ethics. One evening, with popcorn served, we had a showing of a movie, starring Steve McQueen, called “An Enemy of the People.” No wonder the line was familiar. The movie […]
The Panama Papers scandal is the mother of all corruption cases which continues to haunt Joseph Muscat’s Government till this day, Beppe Fenech Adami told the PANA committee today. The PANA committee is in Malta to investigate the Panama Papers scandal, which brought to light the fact that Minister Konrad Mizzi and OPM chief of staff opened companies in Panama. The full declaration of […]
Presidents Day 2017 is this Monday, Feb. 20, and many businesses and institutions are closed for the day. Schools, banks, post offices and more are not working today, but there are still plenty of businesses and services operating normally. Pictured here are the sculptured heads of the American presidents, from left to right, George Washington, Thomas Jefferson, Theodore Roosevelt and Abraham Lincoln, carved into Mount Rushmore, South […]
Your daily guide to community and cultural activities across the Emirates for February 21, 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 Nationwide New movie The Remains […]
The Brazilian government is taking the first steps towards the development of a national information security policy for the public sector. According to an official note published by the Institutional Security Cabinet of the federal government on Friday (17), a working group has been created to debate the topic and the creation of standard security guidelines for governmental bodies. special feature Cyberwar and the Future of Cybersecurity […]
As the world’s oil traders descend on London this week, the hot subject will be how to keep North Sea Brent, the benchmark for the global oil price, fit for purpose. S&P Global Platts , the oil pricing agency, is trying to execute the biggest overhaul of North Sea oil trading in a decade, with plans to rejig how prices in the region are set ahead of […]
Submitted by Michael Shedlock via MishTalk.com, I am unsure who first came up with the idea of taxing robots, but the proposal has been embraced by academia, socialists, and in general, the radical Left. Today, entrepreneur Bill Gates, founder of Microsoft, endorsed the idea. What does Gates want to do with the money collected? Here’s the answer: Flush it down the toilet. In a Quartz interview, Bill […]
By Stephen Kalin and Maher Chmaytelli | SOUTH OF MOSUL/BAGHDAD, Iraq SOUTH OF MOSUL/BAGHDAD, Iraq U.S.-backed Iraqi forces fought Islamic State fighters on Monday to clear the way to Mosul’s airport, on the second day of a ground offensive on the jihadists’ remaining stronghold in the western side of the city. Federal police and elite interior ministry units known as Rapid Response are leading the charge toward […]
Here we go again. The premium investors are demanding to hold French over German 10-year debt has hit a fresh post-eurozone crisis high today – exceeding 0.81 percentage points for the first time since August 2012. The yield gap has swollen to its highest in over four years this month, reflecting investor jitters about France’s upcoming and unpredictable presidential elections in three months’ time. France’s 10-year bond […]
PCLinuxOS 2017.02 KDE Desktop Image: J.A. Watson One of my oldest ‘friends’ in the world of Linux distributions is PCLinuxOS. I have watched it change over the years from a group of add-on packages for Mandake Linux to its own distribution, and seen it become one of the most solid, stable, and best community-supported distributions available today. I have seen the founder and primary moving force behind […]
The European Parliament’s Committee of Inquiry into Money Laundering, Tax Avoidance and Tax Evasion, known as PANA, is holding a string of meetings in Malta today to interview, among others, No Portfolio Minister Konrad Mizzi following revelations that he had secretly opened a company in Panama. Dr Mizzi was the only serving minister in the European Union to be named in the Panama Papers, 11.5 million documents […]
