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RAS AL KHAIMAH, 20 January 2017  Excitement filled Rixos Bab Al Bahr as Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA) announced the winners of the first joint RAK Free Zones Business Excellence Awards on 19 January 2017. The much-awaited awards programme lauded 10 outstanding companies that displayed relentless commitment to organisational excellence and contributed immensely to strengthening Ras Al […]

By Jamie McGeever and Marc Jones | LONDON LONDON For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar. The S&P 500 .SPX has fallen a median 2.7 percent in the month after each new president has taken the keys to the White House since Herbert […]

NEW DELHI // The first “strategic dialogue” between the UAE and India was held yesterday, days ahead of the state visit of Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces. Sheikh Mohammed will arrive on Tuesday for a three-day visit, where he will be the chief guest at India’s 2017 republic day celebrations from January 24 to 26. […]

Donald Trump launched a promised assault on “burdens” imposed by government within hours of becoming US president on Friday by moving to loosen rules tied to Obamacare and halting the introduction of any new regulations. Between the end of the daytime inaugural parade and the start of evening balls, the Trump administration took its first major policy moves by ordering government agencies to do all they could […]

BEIRUT: Daesh 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 Daesh even after its loss of a cluster of cities in Iraq and half of Mosul, and points up the challenges […]

Donald Trump’s November victory ignited the steepest rally from election day to inauguration for a first-term president since John F. Kennedy won the White House in 1960. The charts below tell the tale of the vigorous, and in many ways unexpected, reaction to the rise of the billionaire property developer to the pinnacle of American politics. The S&P 500 index, a broad measure of the performance of […]

Apple on Friday filed a suit against Qualcomm, accusing the chipmaker of withholding contractual payments it owed in retaliation for Apple’s cooperation with South Korean regulatory investigators. The suit also charges Qualcomm “attempting to extort” the Cupertino company into obstructing the investigation. From the suit, filed in federal district court in the Southern District of California: Among Apple’s damages are nearly $1 billion that Qualcomm owes to […]

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By Diane Bartz and Stephen Nellis Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for “modem” chips that connect phones to wireless networks. The two […]

By Melissa Fares and Dustin Volz | WASHINGTON WASHINGTON One of the biggest cheers President Donald Trump received from supporters watching his inaugural address on Friday was his call to “buy American and hire American.” It was a moment rich in irony. Many of those supporters were sporting Trump’s trademark red “Make America Great Again” baseball caps that were made in China, Vietnam and Bangladesh. Some were horrified when […]

By Steve Holland | WASHINGTON WASHINGTON Donald Trump took power as the 45th president of the United States on Friday and pledged to end what he called an “American carnage” of rusted factories and crime in an inaugural address that was a populist and nationalist rallying cry. Striking a defiant tone, Trump said American workers have been devastated by the outsourcing of jobs abroad. “From this day […]

Soyabeans and soya meal extended their gains this week, as heavy rain in Argentina’s key growing areas deepened fears over a disruption to production. In the first two weeks of the year, parts of the soyabean growing areas have suffered six months worth of precipitation, ruining the fields which had been seeded. Farmers had until this week to replant, but sustained rainfall has meant that the fields […]

Friday 21:00 GMT Overview Financial markets gave a relatively muted response to Donald Trump’s inaugural speech as US president, with US stocks edging higher, Treasuries putting in mixed performances and the dollar easing back against its main rivals. Oil prices rose sharply amid hopes that producers would show compliance to a global deal to cut output. Gold initially struggled for traction but held above the $1,200 an […]

BERLIN Germany will need a new economic strategy geared toward Asia should the new U.S. administration start a trade war with China, Vice Chancellor Sigmar Gabriel said on Friday, warning against protectionism hours after President Donald Trump was sworn in. “I think we have to prepare for a rough ride,” Gabriel said in an interview with the public broadcaster ZDF, in the first official German reaction to […]

By Adriana Barrera | MEXICO CITY MEXICO CITY President Enrique Pena Nieto on Friday congratulated Donald Trump on his inauguration as U.S. president saying he would like to strengthen ties, but that sovereignty, national interest and protection of Mexicans would be paramount. Pena Nieto, criticized for meeting Trump last year even after the New York businessman had insulted Mexicans in the election campaign, said on Twitter he […]

British investigators have opened “fresh lines of inquiry” into bribery and corruption at several companies, thanks to evidence gathered in a four-year investigation into illegal behaviour at Rolls-Royce. Ben Morgan, joint head of bribery and corruption at the Serious Fraud Office, told the Financial Times that information collected on a network of corrupt middlemen operating on behalf of Rolls-Royce and other companies was being pieced together “not […]

Brexit’s impact on the UK economy weighed on sterling traders at the end of another turbulent week for the devalued currency following the publication of disappointing retail sales, sending the pound sharply lower. December’s seasonally adjusted sales, minus fuel, were 2 per cent lower than in November, the worst monthly decline in more than five years. The pound had begun the day higher, but the data reversed […]

The U.S. Federal Trade Commission is not satisfied with Walgreens Boots Alliance Inc’s (WBA.O) plan to divest stores to win antitrust clearance for its acquisition of Rite Aid Corp (RAD.N), Bloomberg reported, citing people familiar with the matter. The FTC isn’t convinced that Walgreen’s proposal to sell 865 drugstores to Fred’s Inc (FRED.O) would do enough to preserve competition that would be lost in the $9.4 billion […]

If implemented, Microsoft’s power slider would let users adjust the balance between performance and battery use. Image: Microsoft Microsoft has unveiled a new power-slider feature for its Windows 10 Creators Update to help squeeze more life out of the battery on Windows devices. The power slider appears in the latest Fast Ring build 15014 for the Creators Update, which is scheduled for a wider release in the […]

By Marja Novak | SEVNICA, Slovenia SEVNICA, Slovenia “First Lady” apple pies in the Kruhek bakery in Melania Trump’s hometown of Sevnica in Slovenia are selling like hot cakes. “We sell more than a hundred a day so the pies are our main product these days,” said Sergeja Gorenjec, a saleswoman at the bakery. “Our workday is longer but we are glad and proud of Melania.” Tourist […]

Donald Trump is to be sworn in as president in Washington on Friday, taking over from Barack Obama. Highlights of the day: SWEARING-IN Donald Trump is to be sworn in at middday (1700 GMT), setting the country on an uncertain path at home and abroad. PROTESTERS AND SUPPORTERS Protesters scuffle with police as liberal activists attempt to block thousands of supporters at the inauguration. Trump supporters dance […]

As Donald Trump moves into the White House, it would be hard to dream up a cabinet friendlier to fossil fuels. His nominees include Rex Tillerson, the former ExxonMobil chief tapped for secretary of state; Scott Pruitt, picked to run the environmental watchdog he fought as Oklahoma attorney-general; and Rick Perry, a former Texas governor set to head the energy department.  “Folks in the fossil fuel industry […]

By Yashaswini Swamynathan U.S. stock index futures treaded water on Friday ahead of Donald Trump’s inauguration as the 45th U.S. President. * Futures also got a lift after Federal Reserve Chair Janet Yellen backed her stance for gradual interest rate increases on Thursday. * Trump, a New York businessman and former reality TV star, is scheduled to be sworn in around midday by Supreme Court Chief Justice […]

Billionaire investor George Soros spoke to Bloomberg TV in Davos, and said the euphoria among stock investors since the victory of President-elect Donald Trump will end as uncertainty takes over. In an interview that may have been even gloomier than his last address to Davos in January 2016, when he said he was short the market, predicted a Chinese hard landing, and said the Fed’s hike was […]

“Comeback is a good word, man,” noted the actor Mickey Rourke, after portraying a washed-up wrestler led to a career renaissance. Could 2017 be the year when stockpickers can say the same thing? The post-financial crisis environment has been unkind to active investing, especially in equities, with most portfolio managers unable to beat their benchmarks even before costs. That has accelerated the seismic investor shift towards cheap, […]

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