BERLIN German Finance Minister Wolfgang Schaeuble is not worried by the prospect of cuts to corporate tax rates in the United States he told German magazine Wirtschaftswoche on the sidelines of the IMF and World Bank spring meetings in Washington. U.S. President Donald Trump on Friday promised a big announcement about tax reform shortly and ordered a review of Obama-era tax rules written to discourage U.S. companies […]
When future historians look back at the beginning of the 21st century, they’ll note that we grappled with many big issues. They’ll write about the battle between nationalism and globalism, soaring global debt, a dysfunctional healthcare system, societal concerns around automation and AI, and pushback on immigration. They will also note the growing number of populist leaders in Western democracies, ranging from Marine Le Pen to Donald […]
When North Korean traders give Li Jian long lists of the goods they want to buy, he checks the items against a 236-page Chinese translation of the UN sanctions imposed after Kim Jong Un’s regime conducted a sixth nuclear weapons test in September. “If it’s on the sanctions list, we can’t provide it,” Mr Li said from his office in downtown Dandong, the Chinese border city through which […]
Julien Pain was tired of preaching to the choir. After spending several years debunking viral fakes for France 24’s Les Observateurs, Pain was on the lookout for a format that would expand the reach of his fact-checking. “I realized I was only reaching people who agreed with me,” says Pain. “And people who didn’t check their information wouldn’t be reading my fact-checking.” Since September, he has taken […]
Authored by Mac Slavo via SHTFplan.com, Last week Trump supporters and leftist social justice warriors met on the political field of battle in Berkeley, California. Words were exchanged, as were punches. And while an alt-right leader was punched in the face, by all accounts even the social justice warriors admit that they got a major beat-down. This prompted a reddit discussion among the left’s tolerant resistance movement, […]
22 April 2017 In line with its core values of supporting the community in the Sultanate and developing employment opportunities for Omani youth, Sohar Islamic, Bank Sohar’s Islamic Banking Window, recently participated in the 3rd Intercollegiate Career Fair. The event was organised by Waljat College of Applied Sciences (WCAS) in association with number of colleges in the country and held under the auspices of Dr. Younis Bin […]
Finance ministers and central bankers from around the world have dropped a pledge to resist protectionism, in a further sign that the new US administration’s stance on trade is shifting the global debate. The group from International Monetary Fund member countries issued a statement on Saturday saying they would “promote a level playing field in international trade” but did not reiterate a previous commitment to “resist all […]
The Australian Taxation Office (ATO) has warned overseas organisations selling to Australia that noncompliance with the proposed GST Low Value Goods legislation amendment may result in their websites being blocked. The comments were made in response to a question posed by the Senate Economics Legislation Committee on Friday, which is looking into the Treasury Laws Amendment (GST Low Value Goods) Bill 2017 that will see goods under […]
The weekly EIA report showed a surprise rise in gasoline inventories and a further rise in oil production, which rattled oil bulls. Image: Shutterstock 22 April 2017 Big commodity swings have been witnessed during the past month, not least in the farm sector where bloated global stocks and the prospect of another bumper year — weather permitting — have led to heavy selling by hedge funds […]
Oman’s new low-cost carrier, SalamAir, has announced the launch of flights to Saudi Arabia with plans to also start services to Pakistan. Flights to Saudi Arabia started this week with return ticket prices starting at OR89, with Oman’s first budget airline flying daily to Jeddah’s King Abdulaziz International Airport. The carrier said in a statement that it also plans to start operations to the Saudi holy city […]
By Leika Kihara and Francesco Canepa | WASHINGTON WASHINGTON International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France’s presidential election. Concerns that far-right leader Marine Le Pen and far-left rival Jean-Luc Mélenchon, both critics of the European Union, could top the […]
By Bate Felix and Daniel Pardon | PARIS/PAPEETE, French Polynesia PARIS/PAPEETE, French Polynesia French overseas territories and French residents in the United States and Canada began voting on Saturday in France’s presidential election, a day before the main first-round of a poll that could change the global political landscape. Of nearly 47 million registered French voters, there are fewer than a million resident in far-flung places like […]
WASHINGTON Member countries of the International Monetary Fund on Saturday pledged to work to reduce global imbalances but failed to repeat their past pledge to resist all forms of protectionism. The International Monetary and Financial Committee (IMFC), the IMF’s steering body, also repeated its past commitments on currency exchange rates. “We will refrain from competitive devaluations, and will not target our exchange rates for competitive purposes,” the […]
Sky News Australia US Vice President Mike Pence tours SydneySky News AustraliaUS Vice President Mike Pence and his family will tour some of Sydney’s famous sites after a day of bilateral talks confirming strong ties between America and Australia. Standing alongside Prime Minister Malcolm Turnbull at Admiralty House on Saturday, …S.Korea on heightened alert as Pyongyang readies for anniversaryArab News‘We hate refugee deal but we’ll do it’NT NewsPence’s […]
Ajman Tourism Development Department to promote the Emirate’s Tourism Attractions at ATM 2017 22 April 2017 Ajman – The Ajman Tourism Development Department (ATDD) will participate in the Arabian Travel Market exhibition (ATM) which will be held at Dubai World Trade Centre from 24-27 of April 2017. The ATDD stand will be located in hall number four on stand ME4230. Through this participation, the ATDD will promote […]
The Power of Networks: Six Principles that Connect Our Lives • By Christopher G. Brinton and Mung Chiang • Princeton University Press • 310 pages • ISBN: 978-0-691-17071-8 • £27.95 We don’t normally think of our lives this way, but each of us is enmeshed in myriad networks — the real-life one of people, social media like Twitter and Facebook, and technical networks (internet, cellular). According to […]
Waymo, the self-driving vehicle arm of Alphabet, renewed its legal attack on Uber on Friday as it claimed the car-hailing company had failed to disclose a key component it had built using Waymo’s intellectual property. The claim came as the Silicon Valley rivals head for a May 3 showdown, when a judge in San Francisco will decide whether to back Waymo’s demand for an injunction that could […]
By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to […]
By Francesco Canepa and Gernot Heller | WASHINGTON WASHINGTON Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about the U.S. president’s plans remains unclear. On a day when Donald Trump himself seemed focused on domestic matters – promising a new U.S. tax plan next week and announcing reviews of […]
ABU DHABI // An app that helps Syrian refugees find jobs in Turkey and a device that limits water consumption were named winners at the New York University Abu Dhabi Hackathon. Eighty students from universities across the globe participated in the seventh edition of the event. Ten teams were given 72 hours to produce technology that promotes a social good. With the Hiat application, recruiters and businesses […]
Why Lower Manhattan? The bottom tip of Manhattan island was where New York began – with Dutch fur trappers finding it a handy harbour and trading site. Today, the trading is done on the New York Stock Exchange and in the giant office towers that compete for skyline space. But among the gleaming glass are remnants of a past that goes back much further than it does […]
Two pillars — Trump and China — have supported a bounteous few months for global portfolio investors. But the hope invested in both is starting to fade, casting a bearish tinge over what nevertheless remains a largely optimistic picture. In the case of Donald Trump, expectations that the US president would act swiftly to push though tax reforms, deregulation and bold infrastructure investments are starting to ebb […]
After a surly first conversation between the two leaders in January that rattled the United States and Australia’s long-standing alliance, Pence will take a more amiable approach and try to focus on cooperation on trade, defence and more. Trump reportedly exploded and cut short the call when he was told about a deal to move some refugees from Australia to America. That left some in Australia questioning […]
Within the US fixed income market, investors are sending a clear message about the prospect of higher interest rates. In recent weeks, investors have pushed back against a string of leveraged loan transactions, with a handful of deals pulled as money flows into the sector have shrunk. The stumbles underline a diminished appetite for richly valued, floating rate loans, seen as providing investors with some protection from […]
