MANILA Philippine President Rodrigo Duterte warned on Wednesday he might “invade” an island stronghold of the Islamic State-linked Abu Sayyaf to “finish the game” following a thwarted attempt by the group to kidnap tourists on a resort island last week. Duterte offered cash rewards for the capture, dead or alive, of six Abu Sayyaf militants still at large following a day-long clash last week on Bohol island, […]
The near-5 per cent advance in the $20tn benchmark S&P 500 this year has been reliant on the performance of only a few dozen stocks — with gains by the likes of Apple and Facebook accounting for more than 20 per cent of the index’s climb. Ten stocks in the index, including ecommerce behemoth Amazon, Google owner Alphabet as well as the more defensive cigarette maker Philip […]
Here is how the markets are reacting to UK prime minister Theresa May’s announcement that there will be a snap general election on June 8. Sterling The pound has rebounded strongly off session lows and is now up 1.6 per cent to $1.2755, its highest since December, as dealers reckon that the ruling Conservative government is likely to increase its parliamentary majority. This could strengthen Mrs May’s […]
Once upon a time, over a dozen large technology conferences and trade shows dotted the landscape—from COMDEX and CTIA to TechEd and WinHEC. They had a mechanical regularity: details about Windows in the early spring, x86 chip announcements in early autumn, and COMDEX in November. Now, with news of IDF’s demise, only Computex, CeBIT, Mobile World Congress (MWC), and CES remain, with company-specific developer gatherings […]
Dubai, UAE, 5 April 2017 During his participation in the “Ask the Leader” initiative on the sidelines of the 5th Dubai Government Achievement Exhibition (DGAE), Director of Dubai Customs Ahmed Mahboob Musabih said Dubai Customs’ efficiency and distinctive performance have helped the UAE in moving forward to occupy first place in the region and 4 th place worldwide in the efficiency of customs procedures category according to […]
Investors are refusing to call time on expectations of a sustained recovery in the global economy, after propelling global markets to their best quarterly performance since 2013. Money managers say they are willing to look past rising political uncertainty in France and the US and bet on what they view as an acceleration in activity and synchronised economic advances across developed and emerging markets. Expectations of US fiscal stimulus […]
American tech workers are no doubt feeling vindicated, rejoicing at what they feel is a long-overdue, reversal of fortunes. You could not have a more ominous beginning to the beginning of the H-1B lottery than the events that transpired over the last few days. As ZDNet’s Stephanie Condon reports, on Friday last week, the US Citizenship and Immigration Services (USCIS) issued a memo that revamped an outdated, […]
By Ju-min Park and Jack Kim | SEOUL SEOUL North Korea fired a ballistic missile on Wednesday from its east coast into the sea off the Peninsula, South Korea’s military said, ahead of a summit between U.S. and Chinese leaders who are set to discuss Pyongyang’s arms programme. The launch was from Sinpo, a port city on the North’s east coast, and the missile flew about 60 […]
By Joseph White | DETROIT DETROIT General Motors Co (GM.N) on Tuesday unveiled a German-made Buick crossover wagon it plans to sell in the United States, and in so doing highlighted the U.S. auto industry’s vulnerability to shifting trade politics. The Buick Regal TourX, scheduled to launch later this year in the United States, is aimed at imported all-wheel drive vehicles such as those offered by Subaru […]
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 […]
Your daily guide to community and cultural activities across the Emirates for April 5, 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 Comedy show Attend […]
Italian government bond prices were lower on Monday, as investors focused on signs of political sclerosis rather than economic data pointing to strength in manufacturing and a drop in the ranks of the unemployed. The difference between Italian 10-year sovereign bonds and the benchmark German Bund — a key measure of investor confidence as it shows the premium traders are demanding to buy Italian debt — hit […]
KABUL // A member of the Kandahar governor’s staff – likely a cook – smuggled explosives hidden in food into a meeting with Emirati diplomats that killed 13 people, including the UAE ambassador, the governor told The National. Hamayoun Azizi was severely injured when the two bombs exploded around three minutes apart inside his residence in January, he said. His account of the attack differs from previous […]
South Africa’s rand tumbled in late trading on Monday after a rating agency cut the country’s coveted investment grade status, leaving President Jacob Zuma’s decision to fire his finance minister responsible for wiping out almost all the currency’s gains for the year. The rand slid to R13.7 against the dollar, taking its drop in the past five days to almost 9 per cent. Having recorded a gain […]
British Prime Minister Theresa May arrived in Saudi Arabia on Tuesday hoping to tap the oil-rich kingdom’s “immense potential” as she looks to secure post-Brexit investment and trade. May landed at a military airport in the Saudi capital, state news agency SPA said, coming from Jordan. Facing criticism at home and calls to raise rights issues with Saudi leaders, May insisted she had no problem talking about […]
RIYADH British Prime Minister Theresa May said on Tuesday she would raise “hard issues” with Saudi Arabia’s leaders during her visit, as critics urged her to pressure Riyadh over its war in Yemen and human rights record. May was expected to explore ways of boosting trade ties with the kingdom during her two-day visit, her second to a Gulf Arab state since Britain decided to leave the […]
The Middle East Film and Comic Con returns to Dubai World Trade Centre this weekend for its sixth edition, promising more of celebrity guests, comic-book artists, workshops, gaming and cosplay fun that make it a favourite pop-culture fixture for about 70,000 comic and pop culture fans every year. Here is our round-up of this year’s highlights. The celebrities As the convention has grown from humble beginnings, so […]
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 […]
JOHANNESBURG President Jacob Zuma said South Africa’s fiscal policies will not change and that people should remain calm after its credit rating was cut to junk following a political reshuffle that he defended as bringing new blood into the cabinet. But moments later, the ANC-allied Cosatu, South Africa’s largest trade union, said Zuma must step down after his change of finance ministers triggered the credit rating downgrade. […]
A company in Sweden is tapping on a relatively new technology to give their employees the ability to do things with just a wave of the hand. The technology also has the potential to track what employees do. Swedish company Epicenter offers to implant its workers with microchip the size of a grain of rice. Injecting the microchip that functions as swipe card for opening doors and […]
For traders trying to decipher if Opec’s output cuts are finally tightening the oil market, the evidence may lie out at sea. Data provided to the Financial Times show that crude oil being shipped over the oceans or stored on supertankers has dropped by as much as 16 per cent since the beginning of the year, in a signal that supplies could be dropping faster than many […]
Saudi Arabia posted its first rise in non-oil exports for eight months in January, according to latest data released by the country’s Central Department of Statistics and Information. The value of Saudi Arabia’s imports shrank 11.6 percent to SR43.2 billion from a year earlier in January while non-oil exports rose by 10.3 percent to more than SR14 billion over the same period. Non-oil exports traditionally account for […]
KINSHASA, Congo — On Oct. 4, 2016, Etienne Tshisekedi made his final address to a crowd gathered in the courtyard of his party’s headquarters. The longtime leader of the Democratic Republic of the Congo’s opposition was visibly frail, and the speech, slow and hesitant, lasted only three minutes. But the old man still managed to rev up his followers, many of whom strained to hear from the […]
Knowledge+™ provides Saudi leaders the skills to lead their own communications teams 04 April 2017Knowledge+™ provides Saudi leaders the skills to lead their own communications teams Al Riyadh – Leading public relations and communications agency Hill+Knowlton Strategies (H+K) has launched Knowledge+™, a communications training academy created as a solution to the talent development needs of the Middle East and North Africa region. Bridging the skills gap through […]
