Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum The event brings together the most inspiring personalities in space to shed light on their discoveries, experiences and hopes to inspire the UAE youth and community Al Shaibani: The space sector is of strategic importance in terms of shaping the future of science and technology in the UAE 18 January 2017 […]
By Saikat Chatterjee | HONG KONG HONG KONG Asian stock markets held near three-month highs on Wednesday as investors scooped up exporter shares after U.S. President-elect Donald Trump expressed concerns over a stronger dollar. In Asia, MSCI’s ex-Japan Asia-Pacific shares index .MIAPJ0000PUS rose 0.3 percent, just shy of a three-month high hit last Thursday. Stock markets in Hong Kong .HSI and China .SSEC led the gains. “Trump’s […]
Qualcomm, the world’s leading mobile chipmaker, has now been dragged to court by U.S. antitrust officials for alleged anti-competitive practices. Particularly, the Federal Trade Commission accused it of violating the FTC Act in the manner it licenses its technology to crush rivals, stifling innovation in the process. In the complaint filed before a federal district court, FTC stated that Qualcomm is using its stable of patented technology […]
Cambodia is to scrap an annual joint military exercise with the US in the latest shake-up in security co-operation between Washington and Southeast Asian capitals. The cancellation comes as Beijing and Washington battle for influence in Southeast Asia amid signs that president-elect Donald Trump’s incoming administration could take a tougher line over China’s maritime territory claims in the region. Countries including the Philippines and Malaysia have already […]
Wednesday 02:20 GMT Overview Currency movements once again dominated trading in Asia as markets reacted to UK Prime Minister Theresa May’s Brexit blueprint and unexpected criticism of the dollar’s strength from US president-elect Donald Trump. Hot topic The dollar index, which measures the US currency against a basket of peers, was up 0.1 per cent at 100.470. It fell 0.8 per cent on Tuesday after comments from […]
Submitted by David Battistella A Violent Inauguration? A Call For Peace On Inauguration Day Now that all attempts to delegitimize President Elect Trump to this point including failed recounts, the constant drum beating about popular vote victory, intimidation, bullying and desperate pleas to the Electoral college and the attempt at cold War 2.0 have failed, will inauguration day be the last stand? Now even millionaire Catholic socialist […]
Images of skeletal sun bears in a zoo in Indonesia that show the animals being forced to eat their own faeces and begging visitors for food have sparked online petitions to save them, media reports say. A video taken by animal welfare group Scorpion at Bandung zoo on the island of Java showed one emaciated animal in a small dirty pen, reported 9news.com.au. The footage, reportedly shot […]
The US has sued Qualcomm over the way it licenses its technology for mobile phones, hitting at the business that generates most of the US chip company’s profits. The case follows an investigation begun in 2014, but which was accelerated in recent weeks as the Federal Trade Commission moved towards filing a high-profile antitrust case just days before a new administration takes control in Washington. Qualcomm’s shares […]
A much delayed surveillance system to monitor trading in the world’s largest equity market took a big leap forward on Tuesday with the selection of the group to build and operate the project. Founded in 2009, Thesys Technologies, a trading technology provider, beat out the Financial Industry Regulatory Authority and SunGard Data Systems. Called the “Hubble telescope” by one regulator, the so-called Consolidated Audit Trail, or CAT, […]
As we observed in yesterday morning’s market wrap, while US market were taking the day off for the MLK holiday, China was busy defending an accelerating selloff across its stock markets. During Monday trading, having traded quietly lower for the past few days, Chinese stocks tumbled in early trading on the mainland and in Hong Kong’s offshore market amid weakness in Asian equities. The Shanghai Composite Index […]
By Caroline Valetkevitch | NEW YORK NEW YORK U.S. stocks fell on Tuesday as financials and other big post-election gainers lost ground. Biotech and pharma stocks declined after President-elect Donald Trump said in a Washington Post interview over the weekend that he would target companies over drug pricing and that he was ready to unveil a plan to replace Obamacare. The Nasdaq biotech index .NBI was down […]
Donald Trump has threatened to overturn two decades of US economic policy by questioning the strong value of the dollar, raising fears that his presidency could set off a new round of currency wars between the world’s major economies. On Monday the president-elect appeared to break from the longstanding “strong dollar” policy of successive administrations, declaring that the currency was too high and that this was preventing […]
Before she spoke on Tuesday, Theresa May was gaining a reputation for talking sterling lower by spooking investors that Britain was headed to a disorganised exit from both the EU and its common market. Her Lancaster House speech was the first occasion the pound rallied to her Brexit views since becoming prime minister; it had risen nearly 3 per cent by the end of the London trading […]
It’s impossible for one person to see everything on display at CES each year. I had three staffers helping me cover the show, and PCMag had a dozen people on the ground in Las Vegas for its coverage. Being at CES provides valuable hands-on time with gadgets on the floor and in closed-door briefings. Based on what I saw, it’s clear that some amazing new […]
By Elisabeth O’Leary | EDINBURGH EDINBURGH The British government’s plan for leaving the European Union is “economically catastrophic” and Scotland must have the option of voting for independence if its views on Brexit are rejected, Scottish First Minister Nicola Sturgeon said on Tuesday. Sturgeon, who leads the pro-independence devolved government, was speaking after British Prime Minister Theresa May signalled Britain would quit the European Union single market […]
A senior member of Donald Trump’s team insisted that the president-elect was committed to globalisation, open trade and Nato despite recent comments that unsettled America’s allies. Anthony Scaramucci, Mr Trump’s newly appointed public liaison official, told the World Economic Forum in Davos on Tuesday that the European and American elite had misunderstood Mr Trump and would change their views when he took office. In particular, he argued […]
Theresa May’s first big speech on Brexit since she became prime minister removed some of the political uncertainty that has dogged the pound. However, the messiness of the politics of Britain’s exit from the EU still tops the lost of reasons why sterling will remain under pressure. A list of the pound’s pros and cons quickly shows why it is languishing at levels last seen in the […]
January 17, 2017 by: Henry Mance, Political correspondent Theresa May has promised a clean break with the EU, saying that Britain would not “seek to hold on to bits of membership as we leave”. In a much anticipated speech outlining her Brexit objectives, the prime minister said that Britain would seek “a new and equal partnership” with the other 27 countries in the EU — not “anything […]
By Kylie MacLellan and William James | LONDON LONDON Britain will not seek a Brexit deal that leaves it “half in, half out” of the EU, Prime Minister Theresa May will say on Tuesday in a speech setting out her priorities for divorce talks which indicates she is prepared to leave the single market. Sterling, which has traded at the lowest levels against the U.S. dollar for […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil dipped on Tuesday on lingering concerns over global fuel oversupply due to rising U.S. output and doubts that OPEC and other producers would adhere to commitments to cut output in an effort to balance markets and prop up prices. Brent crude futures, the international benchmark for oil prices, were at $55.55 per barrel at 0643 GMT, down 31 cents from […]
By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland Chinese President Xi Jinping will defend globalisation in the face of mounting public hostility in the West on Tuesday in a speech at the World Economic Forum that will underline Beijing’s growing global role. Xi’s appearance, a first for a Chinese leader at the annual meeting of political leaders, CEOs and bankers in Davos, comes as the part the […]
Theresa May will test the nerves of currency markets on Tuesday when she declares that Britain is making a clean break from the EU and will not seek a deal that leaves the country “half in and half out”. Mrs May’s comments will be seen as confirmation that Britain is leaving the single market — sometimes referred to as “a hard Brexit” — although she will leave […]
Tuesday 02.00 GMT Overview Stocks were putting in a mixed performance in Asia, while currencies fluctuated as markets braced for the impact of a speech by UK Prime Minister Theresa May laying out her administration’s Brexit blueprint. Hot topic The Japanese yen rallied as some traders initially sought havens, strengthening as much as 0.3 per cent before swinging back to be 0.1 per cent weaker at ¥114.26 […]
By Kylie MacLellan | LONDON LONDON Britain will not seek a Brexit deal that leaves it “half in, half out” of the European Union, Prime Minister Theresa May will say on Tuesday, according to her office, in a speech setting out her 12 priorities for upcoming divorce talks with the bloc. Those priorities will include leaving the European Union’s single market and regaining full control of Britain’s […]
