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By Alwyn Scott | SEATTLE SEATTLE Donald Trump on Monday widened his attack on defence contractors, slamming Lockheed Martin Corp’s (LMT.N) F-35 fighter jet program as too expensive as aides to the president-elect said he intends to keep pushing to cut the costs of military hardware. Trump’s latest Twitter broadside sent defence shares tumbling and fanned concerns that the incoming administration will reduce defence contractors’ profit margins […]

Abu Dhabi’s hosting of the Formula One championship showdown race last month helped raise the fortunes of hoteliers in the emirate, according to data from industry analysts STR. Despite a year-on-year decrease, the absolute level of average daily rates would be the highest in Abu Dhabi since last November, boosted by visitors coming to see Lewis Hamilton and Nico Rosberg go head-to-head for the world title, STR […]

WASHINGTON The chairman of the U.S. House of Representatives Intelligence Committee said on Monday his committee has been conducting “vigorous oversight” of the investigations into election-related cyber attacks and he did not see any benefit in opening more probes. “At this time I do not see any benefit in opening further investigations, which would duplicate current committee oversight efforts and Intelligence Community inquiries,” Representative Devin Nunes said […]

Following Friday’s report by RCB’s Charlie McElligott which sought to answer “THE” question every investor is asking, namely “what could derail this rally“, today’s the cross-asset strategist has released a follow up analysis in which he warns that even though the bond battering continues – and is likely to continue for a while – the market is now being set up for a “massive mean-reversion” counter-trend rally […]

WASHINGTON U.S. Senator John McCain said on Monday that he personally backs Washington’s decades-old “one China” policy and that no one should “leap to conclusions” that President-elect Donald Trump would abandon it. “I do not respond to every comment by the president-elect because it may be reversed the next day,” McCain told Reuters when asked about Trump’s statement over the weekend that the United States did not […]

MIAMI – The government of Panama, anxious to show the financial world that it is engaged in meaningful reform, has announced that it is adopting the recommendations of the controversial independent committee that was hastily formed as a counter to the national reputational damage inflicted by the Panama Papers documents leak. However, the two non-Panamanian members of the committee resigned, charging that the project was flawed from […]

By Toni Clarke Dr. Scott Gottlieb, a partner at one of the world’s largest venture capital funds and a former deputy commissioner at the U.S. Food and Drug Administration, is being considered by President-elect Donald Trump to run the agency, according to sources close to the transition team. Gottlieb, 44, a venture partner at New Enterprise Associates and resident fellow at the American Enterprise Institute, a conservative […]

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ABU DHABI // Women members of parliament have an important role in brokering peace in the Middle East and beyond, a conference heard on Monday. About 50 women who preside over parliaments met in Abu Dhabi for the Global Summit of Women Speakers of Parliament. For the first time men were invited to participate, including Sheikh Saif bin Zayed, Minister of Interior and Deputy Prime Minister, who […]

Thousands of giant panda fans from around the world have chosen the names Ya Lun and Xi Lun for the new female twins at the Atlanta zoo, officials said on Monday. Ya means “elegant,” Xi means “happy,” and Lun refers to the fluffy black-and-white bears’ mother, Lun Lun. The names were announced on the 100th day after their Sept. 3 births, in line with Chinese tradition, Zoo […]

ALEPPO, SYRIA: The Syrian army recaptured a major district of Aleppo on Monday, leaving opposition fighters cornered in a small pocket as the battle for the city entered its “final phase.”President Bashar Assad’s forces held more than 90 percent of the onetime opposition stronghold of east Aleppo, a monitor and military official said, and appeared on the verge of retaking the entire city.A Syrian military official in […]

LONDON Hundreds of thousands of commuters in south London and southern England along with travellers to Gatwick Airport were facing travel misery on Tuesday as a strike by train drivers was set to bring rail services to a standstill. Drivers working for Southern Rail, which runs trains from central London to Gatwick and Brighton on the south coast, will walk out for 48 hours over a long-running […]

Exchange traded funds have led to excessive trading and changed the way the stock market works, according to the man widely regarded as the father of passive investing, who is now calling for politicians to re-examine the sector. Writing in an opinion piece for the Financial Times, Jack Bogle, the founder of the Vanguard Group, the world’s largest passive manager, complains that the annual turnover of shares […]

For the last 28 years, I have written a prediction column for the new year. I study our research and look for trends that provide hints of what might impact the tech industry in the near future. In 2017, be on the lookout for augmented reality products (more so than VR), the further development of autonomous vehicles and smart cities, and the impact of the […]

A snowstorm that pummeled the Midwest and grounded hundreds of flights will sweep across the U.S. Northeast on Monday, creating tough travel conditions ahead of the season’s first arctic blast, forecasters said. The cold front that dumped more than 10 inches (25 cm) of snow on northern Illinois has prompted winter storm warnings and advisories as it also brings sleet and rain to New England and parts […]

More than two million people lived in Mosul when it fell to the Islamic State on June 10, 2014. It was a conservative city where most women already covered their hair with a scarf and their arms with long sleeves. But as in other places where the militants imposed their creed, the new rules took enforced modesty to such an extreme that it riled families in Mosul, […]

WASHINGTON Police in Washington on Monday said there was no security threat at the U.S. Capitol Visitor Center building, and that related announcements were linked to a police exercise. The underground visitor’s center is located below the U.S. Capitol in the heart of Washington. (Reporting by David Morgan; Writing by Susan Heavey) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var […]

Crude oil surged to the highest in 17 months amid efforts to cut production, pushing up the outlook for global inflation and sending 10-year Treasury yields above 2.5 percent for the first time since October 2014. Chinese equities tumbled. Oil jumped more than 4 percent in New York and London after Saudi Arabia signaled it will cut output by more than previously agreed amid a weekend deal to […]

Oil prices surged above $57 a barrel for the first time since July 2015 on Monday, rallying as much as 6.5 per cent after the Opec cartel clinched a long-sought supply pact with Russia and other big crude exporters. Russia led a loose coalition oil producers from outside Opec, including Oman, Mexico and Kazakhstan, in an agreement signed this weekend to reduce supply by 558,000 barrels a […]

By Ahmed Rasheed | BAGHDAD BAGHDAD Several thousand Iraqi federal police are ready to join the assault against Islamic State in east Mosul, a spokesman said on Monday, reinforcing troops who have faced weeks of fierce counter-attacks from the militants. The extra forces are being deployed as the gruelling U.S.-backed campaign to crush Islamic State in its Iraqi stronghold enters its ninth week. Elite army troops have […]

NEW DELHI—Early last month, Prime Minister Narendra Modi summoned his cabinet to a room in India’s capital, told them to leave their cellphones outside and delivered a shocker: He was about to go on national television to declare that almost 90% of the country’s paper money would no longer be legal tender. The move, prepared in secret by Mr. Modi and his advisers, kicked off a radical […]

By J.R. Wu | TAIPEI TAIPEI U.S. President-elect Donald Trump’s declaration that the United States could link its policy on Taiwan to trade negotiations with China prompted concerns on the island that it may become a pawn in wider superpower discussions. “Trump’s comments regularly mention Taiwan. What advantage is this giving Taiwan? This is something we must consider,” Johnny Chiang, an opposition Nationalist lawmaker, told reporters. “Otherwise, […]

ALEPPO, Syria The Syrian military operation to recapture rebel-held east Aleppo is in its final stages after the army took Sheikh Saeed and other districts, Lieutenant General Zaid al-Saleh, head of the Aleppo security committee, said on Monday. “The battle in east Aleppo should end quickly. They (rebels) don’t have much time. They either have to surrender or die,” he told a group of reporters in the […]

Goldman Sachs said the formal agreement by non-OPEC oil producers this weekend in Vienna to help curb output was reached with a goal of “normalization” of inventories and not necessarily just at raising oil prices. The Organization of the Petroleum Exporting Countries (OPEC) had previously agreed to cut output by 1.2 million barrels per day (bpd), and on Saturday, 11 non-OPEC producers agreed to join the effort […]

ISTANBUL The death toll from Saturday night’s twin bombings in Istanbul has risen to 44, of whom 36 were police officers, Health Minister Recep Akdag was cited as saying by state-run Anadolu agency and other media on Monday. An offshoot of the Kurdistan Workers Party (PKK) militant group claimed responsibility for the bombings outside an Istanbul soccer stadium, which also wounded around 150 people. The death toll […]

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