By Naveen Thukral | SINGAPORE SINGAPORE Oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market. U.S. energy companies last week added the most rigs drilling for new production in almost four years. Drillers added 29 rigs in the week to Jan. 20, bringing the total count up to 551, the most since November […]
Yahoo will be probed by the United States Securities and Exchange Commission (SEC), it has been reported, with authorities expected to investigate whether the company should have disclosed its two data breaches sooner to investors. According to The Wall Street Journal, the SEC investigation is still in its early stages, and is expected to look into whether Yahoo’s disclosures about the data breaches complied with civil securities […]
H.E Bin Shafar: “Empower boosted cooperation with many international energy companies at the summit” Abu Dhabi, UAE, 22 January 2017 Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling service provider, successfully concluded its participation in the 10th World Future Energy Summit (WFES), as part of Abu Dhabi Sustainability Week 2017, which was held from 16th to 19th January at the Abu Dhabi National Exhibition Centre Empower team […]
By Tetsushi Kajimoto | TOKYO TOKYO Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll showed, a development they worry could spark an unwelcome political backlash. The Reuters Corporate Survey, conducted Jan. 4-17, also found that Japanese firms want Abe to push Trump hard on trade issues, while nearly a third […]
While President Trump chose not to attend the elite extravaganza in Davos last week, choosing instead to lambast the great-est and good-est of the world’s executives in their crony capitalist safe space, the cognitively dissonant CEOs reassured each other by saying ‘ignore the tweets’, confident that “if [Trump] knows the facts, he’ll respond according to the facts.” It depends whose ‘facts’ those are, of course. As Bloomberg […]
BERLIN Germany must brace itself for turbulent times under U.S. President Donald Trump, Foreign Minister Frank-Walter Steinmeier said on Sunday, adding that free trade and trans-Atlantic cooperation to fight extremism and terrorism were key for Berlin. Steinmeier, who in August said Trump was a “Hassprediger” or “hate preacher”, wrote in the mass-circulation Bild newspaper that some members of the new U.S. administration understand the importance of allies […]
A ship capable of breaking through thick Arctic ice to deliver Russian liquefied natural gas to Asia is due to begin trials, marking an important step towards completion of a $27bn LNG project championed by president Vladimir Putin. The tanker is the first of a new class of icebreaking LNG carriers that will open an export route from Siberia to the Pacific — reducing Russia’s dependence on […]
By Carmel Crimmins and Pamela Barbaglia | DAVOS, Switzerland DAVOS, Switzerland U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump. But many Europeans still need convincing. At the annual gathering of the world’s political and business elites in the Swiss resort of Davos, U.S. financiers told investors and overseas’ rivals […]
Britain’s security co-operation with EU countries will be on the table as part of the Brexit negotiations, Theresa May has said as she prepares to become the first world leader to meet new US president Donald Trump. The prime minister plans to discuss British-US co-operation on terrorism and Nato at the meeting in Washington on Friday, the prime minister said on Sunday — and sent a signal […]
Mozilla argues that the internet’s decentralized design is under threat by a few key players, including Google, Facebook, Apple, Tencent, Alibaba and Amazon, monopolizing messaging, commerce, and search. Image: Google Much of the internet is in a perilous state, and we, its citizens, all need to help save it, says Mark Surman, executive director of Firefox maker the Mozilla Foundation. We may be in awe of the […]
Here are the market-related questions FT reporters will be examining this week, the first in which a Nato-ambivalent son of a New York property baron will command the world’s most powerful political office. Will the Trump-trades persist with the president in power? The post-election story in markets has largely been about what campaign promises turned into reality could do to a US economy already several years into […]
TAIPEI Foxconn, the world’s largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans, which would be carried out with its unit Sharp Corp (6753.T), still depend on many factors such as investment conditions that would have to be negotiated at the […]
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. The aura of numbers-crunching superstar Nate Silver was diminished by Donald Trump’s victory. He was seen as among the many missing the boat. Old media chortled at stumbling by a paragon of big data. Now comes Silver’s pre-inaugural revenge. He […]
LONDON British Prime Minister Theresa May said on Sunday she would not be afraid to tell Donald Trump when she finds something he has said unacceptable, as she prepares to meet the new U.S. President in Washington this week. May, who is Britain’s second female premier, made the comments after thousands of women marched in London on Saturday to protest about Trump’s attitude to women, joining demonstrations […]
A new study presents an unorthodox approach to protect the privacy of genomic data, showing how optimal trade-offs between privacy risk and scientific utility can be struck as genomic data are released for research. The framework can be used to suppress just enough genomic data to persuade would-be snoops that their best privacy attacks will be unprofitable. (via WSJ)
Yep, that’s a Samsung Galaxy phone. (Image: file photo via Twitter) Donald Trump’s phone was a national security risk. Now he has a new one. With just days before his inauguration, the president-elect was handed a new locked-down device, just like his predecessor. Per a note in The New York Times, Trump has traded in his Android phone for “a secure, encrypted device approved by the Secret […]
By Tom Perry and Laila Bassam | BEIRUT BEIRUT Islamic State is fighting hard to reinforce its presence in Syria as it loses ground in Iraq, deploying fighters to seize full control of a government-held city in the east while at the same time battling enemies on three other fronts. It underlines the residual strength of Islamic State even after its loss of a cluster of cities […]
Middle East stands out as a key growth area for food providers in global packaged F&B, with market tipped to reach USD2.2 trillion by 2020 22 January 2017 Dubai, UAE: The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands […]
TAIPEI The head of Foxconn, the world’s largest contract manufacturer of electronic goods and a major Apple Inc supplier, said on Sunday that the rise of protectionism is unavoidable. Terry Gou, chairman of Foxconn, formally known as Hon Hai Precision Industry Co, warned that uncertainties for this year make it tough to have a very clear analysis and outlook, but he said it was clear politics would […]
For hundreds of years, fishing and pearl diving were vital to the people who lived around the Arabian Gulf. Along with trade, it was these two activities that allowed communities to flourish in the days before the discovery of oil. While pearl diving is largely a thing of the past, fishing remains a major industry – perhaps too major. Like many other seas, the Arabian Gulf is […]
January 22, 2017 by: George Parker, Political Editor Theresa May will urge Donald Trump not to undermine European unity when she meets him in Washington within days, insisting that Britain sees a strong EU as a crucial partner on both economic and security issues. The White House announced on Saturday that Mrs May would meet with Mr Trump on Friday, making her the first foreign leader to […]
TOKYO, A day after Donald Trump became U.S. President and vowed to put “America First”, Asian media decried his isolationist policies, fearing they will chill the global economy and sow widespread international discord. In a defiant inaugural address, Trump said U.S. workers have been devastated by an outflow of jobs overseas, one of the main themes of a divisive campaign that emphasized making America strong again. In […]
When it comes to the future of bitcoin, the “holy grail” has emerged as becoming the first to have a bitcoin ETF approved by the SEC. Over three years ago, in 2013, the company of the Winklevoss twins, Cameron and Tyler, Winklevoss Capital Management LLC, launched the first proposed bitcoin ETF, the Winklevoss Investment Trust, looking to trade on the HFT-dominated BATS exchange. The SEC is expected […]
Beware the delusions of an aggravated man. Of all the fantasies perpetrated in Donald Trump’s joyless rant of an inaugural speech, none was more preposterous than the self-casting of the man in the golden elevator as Defender of the People. The president’s crusade for Joe and Jane Sixpack will commence with an immense tax cut for the rich and, should Family Sixpack have any pre-existing health problems […]
