This Christmas, tuck into the turkey but go easy on the pudding. Britons are facing a jump in prices for traditional pudding ingredients as the Brexit vote has sharply weakened the pound. However, the cost of Christmas dinners is almost unchanged from a year ago despite a rise in pork and vegetables. The slumping pound has helped push up the cost of key ingredients for Christmas pudding […]
5825 25 by Shannon K. O’Neil November 4, 2016 DATE IMPORTED:November 02, 2016Protestors call for the removal of President Jacob Zuma outside court in Pretoria, South Africa, November 2, 2016 (Reuters/Mike Hutchings). Report May Bring Down South Africa’s President New allegations may finally bring down teflon president Jacob Zuma. Despite his earlier legal protests, South Africa’s public protector’s office released a report suggesting that a wealthy family close […]
By Jonathan Stempel Shmaltz Brewing Co says some of its beer names, including several with Jewish themes, “can be a bit unorthodox.” Now a large California winery wants one of those names to be reformed. Sutter Home Winery Inc sued Shmaltz late on Monday, accusing the brewery of infringing its “Menage a Trois” trademark by selling a 12-pack of its beers with the “MANNAge a Trois” name. […]
Al Wadei: The rules of the E-Commerce game have changed after the introduction of “noon.com” 29 November 2016 E commerce expert, Dr Sadeq Al-Wadei, revealed that after the inauguration of noon.com in January 2017, it would utterly change E-Commerce platforms as we know them whilst emphasizing on the fact that it would entirely change this trade in Saudi Arabia over the coming few years. In addition, it […]
By Scott Malone The number of hate and bias incidents reported across the United States spiked in the 10 days following Donald Trump’s presidential election victory, according a report released on Tuesday by a civil rights advocacy group. The report, by the Southern Poverty Law Center, documents 867 incidents ranging from assaults to threatening graffiti messages, based on incidents reported to the group or by news media. […]
Tuesday 15:15 GMT Overview The dollar and Treasury yields are steadying, but US equities are edging lower, as stronger-than expected US GDP data raise concerns that the Federal Reserve may quicken the pace of interest rate rises. The firmer buck is adding to pressure on commodity prices, with gold selling off and oil prices sliding on scepticism over an Opec deal to curb output. Hot topic It […]
Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal when it meets on Wednesday. OPEC sources told Reuters a meeting of experts in Vienna on Monday failed to bridge differences between OPEC’s de facto leader, Saudi Arabia, and the group’s second- and third-largest producers over the […]
Migrant workers categorize crayons at a toy factory in Dongguan, Guangdong province March 9, 2010. South China’s export stronghold Guangdong is experiencing labour shortages that could result in higher wages, but they are not as severe as reported by the media, provincial Communist Party boss Wang Yang said (Reuters/Joe Tan). Global trade and the supply chains that support it are undergoing a period of profound change. Supply […]
5863 25 by Shannon K. O’Neil November 18, 2016 A police officer from the SWAT team stands guard during an anti-drugs operation in Mandaluyong, Metro Manila in the Philippines, November 12, 2016 (Reuters/Erik De Castro). Philippines’ Duterte Tries to Take Down Critic Philippine President Rodrigo Duterte brooks no dissent. His latest backlash is against one of his most outspoken critics, Senator Leila de Lima. After she opened […]
An employee of a foreign exchange trading company works near monitors showing U.S. President-elect Donald Trump speaking on TV news (top) in Tokyo, Japan, November 9, 2016. (Toru Hanai/Reuters). With Donald Trump’s victory, the prospects for digital trade have dimmed. This development owes much to the hostility towards trade that Trump brings to the presidency. But it also involves shifts more fundamental than Trump’s rejection of trade […]
4224 28 by Adam Segal November 18, 2016 A man is silhouetted against a video screen with an Facebook logo as he poses with an Samsung S4 smartphone in this photo illustration taken in the central Bosnian town of Zenica, August 14, 2013. (Dado Ruvic/Reuters) Here is a quick round-up of this week’s technology headlines and related stories you may have missed: 1. Disinformation. Disinformation everywhere. Since Donald Trump’s […]
With the dollar’s rally easing up, China’s central bank has set the trading band for its currency stronger for a second straight day. The People’s Bank of China set the midpoint of the renminbi’s 4 per cent trading band against the dollar at Rmb6.88890 on Tuesday, stronger by 0.22 per cent from Monday. That brings the fix 0.4 per cent firmer from the last time it weakened […]
I never thought it could happen. I never thought that Donald Trump would become President of the United States. I just couldn’t conceive of a world in which a celebrity competition reality star, oft-failed businessman, former Comedy Central Roastee, and friend of Grimace would be tapped to lead the greatest economy and military the planet has ever known. And I wasn’t the only one. […]
Qatar’s foreign trade surplus shrank by 34 percent from a year earlier to QR7.7 billion ($2.11 billion) in October, according to data from the Ministry of Development Planning and Statistics. The surplus slumped from more than QR11.6 billion in the year-earlier period because of low natural gas and oil prices. Exports of petroleum gases and other gaseous hydrocarbons fell 19.8 percent to QR11 billion, according to the […]
By J.R. Wu | ITU ABA, South China Sea ITU ABA, South China Sea Taiwan held rescue drills on Tuesday off the coast of its sole outpost in the Spratly Islands of the South China Sea, but the biggest claimant in the disputed area kept uncharacteristically quiet. China and self-governed Taiwan seldom see eye to eye, but in responding to Taipei’s latest assertion of sovereignty over Itu […]
By Joseph Sipalan | KUALA LUMPUR KUALA LUMPUR Malaysia’s prime minister has expressed support for strict Islamic laws as he seeks to consolidate support of ethnic Malay Muslims at a party meeting this week, as frustration over graft and the economy cloud prospects for the next election. Prime Minister Najib Razak has battled calls to resign over the last 18 months, as a scandal at his pet […]
With the Trump cabinet filling up, but a number of key positions still to be announced, vice-president-elect Mike Pence told Fox News tonight that “there will be very important announcements tomorrow.” Vice President-elect @mike_pence: There will be very important announcements tomorrow. #NewsAlert pic.twitter.com/VOAXMsBhMa — Fox News (@FoxNews) November 29, 2016 So who will it be? POSTS ALREADY FILLED WHITE HOUSE CHIEF OF STAFF * Republican […]
Tuesday 06:00 GMT Overview Markets across Asia were trading cautiously as Wall Street and the US dollar weakened overnight and the price of oil has pulled back. European bourses are expected to open a touch weaker, with spreadbetters predicting the UK’s FTSE 100 will slip about 10 points to 6,790 and Germany’s Dax to drop 20 points to 10,562. US index futures suggest the S&P 500 will […]
The persistent notion that Mr. Castro’s fastball had made him a potential big league prospect has long been debunked by historians. By many accounts, his primary sport as a schoolboy was basketball. He was tall, at 6-foot-2 or 6-foot-3, and he told the biographer Tad Szulc that the anticipation, speed and dexterity required for basketball most approximated the skills needed for revolution. Yet it was primarily baseball, […]
By Sue-Lin Wong | DANDONG, China DANDONG, China A labour agent sat in his bus on a recent frigid morning, waiting to cross the “Friendship Bridge” at China’s main border post with North Korea. He had come to pick up migrant workers and take them to jobs in factories and restaurants in China. The single-lane bridge in the border city of Dandong is the main gateway for international trade […]
Switzerland has a world-beating position in cross-border investing: its finance industry last year managed SFr6.6tn of assets on behalf of institutions, companies and the rich. So Swiss bankers have a keen interest in the technological revolution sweeping global finance, which has profound implications for the way markets operate. That includes some of the more fantastic ideas about handing the management of clients’ assets entirely to computers — […]
Much of the markets’ mixed reaction reflects uncertainty about a new president who has never held public office, leaving political leaders, business executives and international institutions to make bets on how a Trump administration may rewrite rules that have governed global affairs under American presidents of both parties. Continue reading the main story “For allies and adversaries alike, the election of Donald Trump represents the likely abandonment […]
Saudi Arabia has set a high bar for any oil supply deal ahead of Wednesday’s Opec meeting in Vienna, as it attempts to put pressure on regional rivals Iran and Iraq to accept a larger share of output cuts. The oil production cartel is trying to reach an agreement to curb supplies for the first time since the financial crisis and put an end to a two-year […]
CARACAS Venezuela’s bolivar currency has depreciated an unprecedented 60 percent in a month against the U.S. dollar on the black market to trade at nearly 3,500 on Monday, according to the widely-tracked web site DolarToday. That makes the largest-denomination note of 100 bolivars now worth less than 3 U.S. cents in the crisis-hit OPEC nation. Such is the currency chaos that Venezuelans often carry rucksacks full of […]
