Bloomberg has gone where MSCI feared to tread, becoming only the second major index provider to include China’s onshore markets in widely-followed benchmark indices in a move that could prompt rivals to follow suit. China is home to the world’s second-largest stock market and the third-largest bond markets, but its tight control of onshore activity has made its inclusion in flagship indices contentious, with many investors arguing […]
– Top selling agents from more than 39 GCC travel companies hosted from 16-19 January 25 January 2017 Dubai, UAE – This month Dubai welcomed over 50 delegates from across the GCC in two familiarization trips including travel and tourism industry VIPs and representatives. With the GCC contributing 24% of all visitors to Dubai from January – November 2016, it continues to be a key focus for […]
On Monday, the Australian government announced that it was establishing a new Critical Infrastructure Centre (CIC), dedicated to managing the “complex and evolving national security risks” to the nation’s critical infrastructure. The CIC’s initial focus will be on the most critical assets in the electricity, water, and ports sectors, according to a joint media release from Australia’s favourite attorney-general Senator George Brandis QC and Treasurer Scott Morrison. […]
Sean Spicer may need the Army Corps of Engineers to clean up a mini-mess created by his boss. Spicer’s second full-fledged White House briefing was notable both for the identity of the first questioner and, far more, the persistent reality of President Trump’s claim that millions of people voted illegally and robbed him of a popular vote win against Hillary Clinton. Spicer doubled down on the claim. […]
By Tetsushi Kajimoto | TOKYO TOKYO Japan’s exports rose for the first time in 15 months in December on strong sales of electronics and car parts, a positive sign for the export-reliant economy even as U.S. protectionism threatens to hurt trade across the region and dent external demand. Ministry of Finance data showed on Wednesday that exports rose 5.4 percent year-on-year in December, compared with a 1.2 […]
DUBAI // Motorists in Dubai experienced delays across the city with accidents compounding morning rush hour. The Patrol and Traffic Department said an accident on Sheikh Mohammed bin Zayed Road from the second bridge towards Dubai caused delays and congestion for motorists. Commuters were also faced with heavy traffic on Financial Centre Road towards Dubai Mall from Al Khail Road, according to @TrafficDXB. Traffic was slow moving […]
The group has close ties to House Republicans. It was founded in 2010 by former Republican Sen. Norm Coleman of Minnesota and major GOP donor Fred Malek. The current board includes both men, as well as former Republican Reps. Vin Weber of Minnesota and Tom Reynolds of New York, among others. American Action Network is affiliated with a super PAC, the Congressional Leadership Fund. Both groups share […]
Leading above-the-neck protection PPE manufacturer outlines its global re-launch at Intersec and commitment to driving safety standards the region 24 January, 2017, Dubai, UAE: Centurion, world leaders in above-the-neck protection, have today officially unveiled a major global rebrand and focus on the Middle East at the Intersec trade fair in Dubai. This follows news of Centurion putting in place manufacturing tools to mould products for the region […]
Investors are signalling a stronger US economy and the risk of rising inflation under the Trump administration, as robust price gains for precious and industrial metals have this month spurred a rise in miners’ shares. MSCI’s ACWI Metals & Mining index, a broad barometer that tracks companies around the world, has rallied nearly 15 per cent in 2017, the strongest year-to-date showing in more than a decade, […]
President Donald Trump has quickly moved to reverse another of Barack Obama’s signature policies, backing two multibillion-dollar oil pipeline projects that became test cases for Washington’s commitment to addressing climate change. Mr Trump said the Keystone XL and Dakota Access pipelines would help to meet his campaign promise of producing new blue-collar jobs at home, insisting that any portions built in the US would have to use […]
By Steve Holland and Valerie Volcovici | WASHINGTON WASHINGTON U.S. President Donald Trump signed two executive orders on Tuesday to move forward with construction of the controversial Keystone XL and Dakota Access oil pipelines, rolling back key Obama administration environmental policies in favor of expanding energy infrastructure. While oil producers in Canada and North Dakota are expected to benefit from a quicker route for crude oil to […]
Of the many quandaries investors must grapple with this year, high on their list is Donald Trump’s relationship with Vladimir Putin. Not far behind is this — should they throw off their instinctive caution about Russia and its president, and push the rouble a lot higher? The turnround in the Russian rouble’s fortunes largely reflects the recovery in the price of oil, the country’s biggest export. That […]
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. A fashionista friend in the White House press corps answered this lingering question after Sean Spicer’s much-anticipated first briefing: What exactly was the glaring color of that jacket worn by Kellyanne Conway? “Tomato?” she guessed. Well, it was especially vivid […]
Authored by Paul Craig Roberts, “Racist” is the favorite epithet of the left. Every white person (except leftists) is a racist by definition. As we are defined as racists based on our skin color, I am puzzled why we are called racists a second, third, and fourth time due to specific acts, such as favoring the enforcement of immigration laws. For example, President Donald Trump says he […]
A wave of about 25 African, European and South American countries is set to join the China-led Asian Infrastructure Investment Bank this year, reinforcing Beijing’s determination to push a global agenda even as US President Donald Trump rails against the ills of economic globalisation. Jin Liqun, president of the AIIB, said on Monday that an expanded membership would help boost lending by the $100bn multilateral organisation, which […]
By Luke Baker and Matt Spetalnick | JERUSALEM/WASHINGTON JERUSALEM/WASHINGTON During the presidential campaign, Donald Trump’s team spoke often about moving the U.S. embassy in Israel from Tel Aviv to Jerusalem. But since taking office, the contentious issue has become more nuanced and may already be moving to the backburner. In a statement issued before a first post-inauguration phone call between Trump and Israeli Prime Minister Benjamin Netanyahu […]
Specifications for ZTE’s new Hawkeye smartphone are being reconsidered after the company learned of disappointed backers of the phone’s crowdsourcing campaign, ZTE’s VP Jeff Yee has admitted in the company’s community page. The specs, which were revealed after the launch of the Project CSX campaign, were considered unsatisfactory by consumers who took a leap of faith and backed the Kickstarter campaign for the smartphone early on. Project […]
BERLIN German Chancellor Angela Merkel said on Monday that openness, not populism, polarisation or isolation, was the answer to the world’s challenges of globalisation and digitalisation. “I think that, a quarter of a century after German unification, after the end of the Cold War, a new historical era will perhaps be replaced by another one,” Merkel said in a speech to church leaders in Wuerzburg. Even though […]
SYDNEY The dollar was under pressure in Asia on Tuesday as U.S. President Donald Trump’s focus on trade protectionism fueled suspicions his administration might seek a competitive advantage through a weaker currency. The talk of trade wars favored safe-haven Treasuries and the Japanese yen while leaving equities mixed. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent but Tokyo’s Nikkei slipped 0.3 percent. Sentiment […]
By Roberta Rampton | WASHINGTON WASHINGTON President Donald Trump’s press secretary promised reporters on Monday that he would never lie after a weekend briefing in which he made statements about the crowd size for Trump’s inauguration that were debunked. In comments to reporters on Saturday that became known as the “alternative facts” briefing, White House spokesman Sean Spicer declared that Trump’s crowd was “the largest audience to […]
Sean Spicer tried to go from combative to cuddly. And he almost made it. In his first actual press briefing, the new press secretary on Monday rebounded from an angry disaster of a monologue late Saturday by cutting a more traditional, measured pose that was still revealing about a new press order at The White House. He dispensed with again throwing down a gauntlet against a press […]
By Toni Clarke | WASHINGTON WASHINGTON Endo International Plc (ENDP.O) said on Monday it had reached a proposed settlement with U.S. anti-trust regulators under which it will not pay rivals to delay the introduction of generic competitors to its medications. The Federal Trade Commission had alleged Endo paid Impax Laboratories Inc (IPXL.O) to delay the introduction of a generic version of its painkiller Opana ER. The agency […]
By Roberta Rampton and Steve Holland U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies as China’s influence in the region rises. Fulfilling a campaign pledge to end American involvement in the 2015 pact, Trump signed an executive order in the Oval Office pulling the United States from the 12-nation TPP. “Great thing […]
By Michael Georgy | MOSUL, Iraq MOSUL, Iraq Mohamed Mahmoud is relieved he no longer has to watch Islamic State militants hang corpses from electricity poles, now that Iraqi forces have cleared the group from his east Mosul district. But he still fears for his safety. Like other Iraqis, he worries that destructive forces like sectarianism, which already provoked one civil war since the fall of Saddam […]
