Toshiba warned the market that it could book an impairment loss of “several billion dollars” at its troubled US nuclear division and reconsider its presence in that industry as accounting issues returned to blight one of Japan’s biggest industrial names. With Toshiba’s financial position becoming more clouded by the announcement, its chief executive, Satoshi Tsunakawa, told a press conference on Tuesday night in Tokyo that the company […]
Saudi Arabia expects oil revenue to jump by 46 percent next year following the deal between the kingdom and other producers to curb output and drive up global prices. The world’s top oil exporter expects to collect SR480 billion ($128bn) from oil sales in 2017, compared with SR329 billion ($87.67 billion) this year, the finance ministry said in a budget statement last week. Non-oil revenue will climb […]
In 2016 it was all about Panamagate. But by retaining Konrad Mizzi in his executive and Keith Schembri besides him in Castille, Prime Minister Joseph Muscat stubbornly failed to recognise the extent of the public outrage at these revelations Jurgen Balzan 27 December 2016, 7:20am Joseph Muscat stood by his men and by his own admission, he evidently considers himself unable to complete the energy plans without […]
Taiwan fears getting caught between the US and China as President-elect Donald Trump threatens a tougher approach toward Beijing and the Chinese government intensifies its sabre-rattling in the region. Politicians and analysts in Taiwan believe that Beijing is stepping up pressure on the self-governing and democratic island, which China claims is its territory, because of actions taken by Mr Trump. On Monday, the Chinese navy sailed its […]
Iran’s rial hit a record low against the U.S. dollar on Monday in a sign of concern about the country’s ability to attract foreign money after U.S. president-elect Donald Trump takes office. The rial was quoted in the free market at 41,500 to the dollar, weakening from around 41,250 on Sunday and 35,570 in mid-September. Before this month, the record low was about 40,000, hit in late […]
Cyanogen started with a grand dream: Create a commercially-supported, vendor-neutral Android-fork that anyone could use to keep their smartphones and tablets up to date. The vision went from grand to grandiose. In 2015, then Cyanogen CEO Kirt McMaster said, “We’re putting a bullet through Google’s head.” Not two years later, Cyanogen shut down its Android fork, CyanogenMod and its services. Android vendor Cyanogen is abandoning its operating […]
By Osamu Tsukimori | TOKYO TOKYO Oil prices were little changed on Tuesday in light pre-New Year holiday trading with markets adopting a wait-and-see stance less than a week before the first output cut deal agreed between OPEC and non-OPEC members in 15 years is scheduled to kick in. London Brent crude for February delivery LCOc1 was down 1 cents at $55.15 a barrel by 0335 GMT […]
Chinese retail investors may be able to dream of Picasso while hanging share certificates on their walls. A Singapore-based Chinese billionaire investor, who this year acquired stakes in peer-to-peer group Lending Club, Legg Mason, the fund manager and Sotheby’s, has proposed “securitising” the artist’s work to create fractional ownership and tap a wider market in Asia. Chen Tianqiao and his wife Chrissy Luo, co-founders of investment group […]
The prime minister defended his retaliation. “Israel is a country with national pride, and we do not turn the other cheek,” he said. “This is a responsible, measured and vigorous response, the natural response of a healthy people that is making it clear to the nations of the world that what was done at the U.N. is unacceptable to us.” Continue reading the main story The Security […]
TAIPEI A group of Chinese warships led by the country’s sole aircraft carrier is heading towards China’s southern island province of Hainan through the South China Sea, Taiwan’s Defence Ministry said on Tuesday, in what Beijing describes as a routine drill. The carrier group has already rounded Taiwan, passing first between the southern Japanese islands of Miyako and Okinawa and then skirting southern Taiwan via the Bashi […]
Stacie Overton Johnson and Adam Workman pick their favourite restaurants of the year, based on great decor and ambience as well as fabulous food. • Reviewed meals are paid for by The National and conducted incognito. Contact the restaurants as prices may have changed since our original reviews newslide Abu Dhabi Butcher & Still Very few of us will ever be cool enough to recreate the Al […]
December 26, 2016 by: Joanna S Kao in New York Last week ‘Dear Evan Hansen’ became the seventh new Broadway show of 2016 to pull in more than $1m at the box office in a single week, at the end of a year in which New York’s theatre takings have so far been roughly flat at $1.34bn. Rising ticket prices and better models for variable pricing have made […]
Infrastructure works for two new berths at King Abdullah Port in Saudi Arabia’s King Abdullah Economic City will be finished in the next few weeks, significantly boosting capacity. Berths 5 and 6 are part of the port’s expansion plan, which aims to significantly uprate the port’s capacity, thus boosting its standing in the maritime industry, both regionally and internationally, a statement said. “With the two new berths, […]
Over the past year, technology and ‘sharing economy’ start-ups have continued their disruption of traditional industries — from Uber and other ride hailers’ shake-up of the taxi market to Airbnb’s myriad alternatives to conventional hotel stays. But which will be the next businesses to be challenged by further digitisation and automation? FT correspondents have looked ahead five to 10 years to identify those industry sectors and companies […]
2016 was chock-full of surprises, both in markets and in politics. As Goldman’s Allison Nathan explains, the year began with a perfect storm of worries that had become all too familiar already in 2015. Oil prices plunged and fears of faltering growth and a sharp depreciation of China’s currency escalated, driving disruptive sell-offs in credit and other risk assets. Confidence in global growth faltered, particularly after an […]
If your New Year’s resolution is to try something that gets the adrenaline pumping and takes you out of your comfort zone then read on. We have rounded up 14 ideas to get you started. newslide Skydiving The ultimate thrill for adrenaline-seekers is a tandem jump from 13,000 feet over the Palm Jumeirah. Although somewhat pricey, this is a once-in-a-lifetime experience, but the fee includes a video […]
ArabPlast 2017 promises an international participation accentuated by the presence of the giant operators in the industry of plastics, petrochemicals and rubber Dubai, UAE, 25 December 2016 As the biggest plastics, petrochemicals and rubber industry exhibition in the MENA region, ArabPlast 2017 is set to bring together the key players, experts and industrials in the field from around the world, between 8th-10th January at Dubai World Trade […]
When US authorities started pursuing banks for their role in slicing, dicing and packaging the arcane products that sparked the financial crisis, they initially focused on domestic lenders. Now it is Europe’s banks that are in the crosshairs. Two days before Christmas, Deutsche Bank and Credit Suisse have agreed to settle with the US Department of Justice over the alleged mis-selling of mortgage-backed securities in the run-up […]
If you have yet to make plans for New Year’s Eve, don’t worry, it is not too late. Most restaurants will be open and serving up special meals to ring in the new year. Here are some of the most notable spots to get a memorable meal and a view of the fireworks as you welcome in 2017. Abu Dhabi For a great view of the fireworks […]
The UAE is set to be one of the world’s main centres for New Year’s Eve concerts on Saturday, with a variety of gigs in genres ranging from stadium rock and EDM to Arab pop and hip-hop. The locations are as eclectic as the sounds on offer, with mammoth venues such as Abu Dhabi’s du Arena and Dubai’s Meydan Racecourse hosting events along with resorts, restaurants and […]
“Once you start doing good things week in and week out,” said Patriots cornerback Malcolm Butler, who had two interceptions and a fumble recovery, “you start to conquer teams.” Graphic Week 16 Playoff Trees: Explore Every N.F.L. Contender’s Path to the Postseason Exploring the playoff chances and potential seedings of every N.F.L. team that hasn’t been eliminated. OPEN Graphic Presumably, the Patriots will face better quarterbacks in […]
By Philip Pullella | VATICAN CITY VATICAN CITY Pope Francis said on Saturday that Christmas had been “taken hostage” by dazzling materialism that puts God in the shadows and blinds many to the needs of the hungry, the migrants and the war weary. Francis, leading the world’s 1.2 billion Roman Catholics into Christmas for the fourth time since his election in 2013, said in his Christmas Eve […]
The haiku is a powerful poetic form derived from the original Japanese style, with its structured three lines of five, seven and five syllables. David Lanoue, haiku poet and author, defines it as: “A one-breath poem that discovers connection.” They’re beautiful but not something you expect to find many of in the FT. However, in a fit of experimentation earlier this year, we created an algorithm that […]
Australia’s cybersecurity capabilities and researchers will be showcased to global players in the United States in February, in a delegation sent to the RSA Conference in San Francisco led by Special Adviser to the Prime Minister on Cyber Security Alastair MacGibbon and recently appointed CEO of the Australian Cyber Security Growth Network Craig Davies. According to Nicola Watkinson, Austrade’s senior trade and investment commissioner for North America, […]
