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By Alonso Soto and Lisandra Paraguassu | BRASILIA BRASILIA Venezuela will be suspended from the Mercosur regional trade bloc as early as Friday for failing to meet membership requirements, a Brazilian official said, in the latest blow to the oil-producing country during a deep political and economic crisis. According to the official, who asked for anonymity because of the sensitivity of the issue, Mercosur understands that Venezuela […]

Russian President Vladmir Putin played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel’s first deal with non-OPEC Russia in 15 years. Interventions ahead of Wednesday’s OPEC meeting came at key moments from Putin, Saudi Deputy Crown Prince Mohammed bin Salman and Iran’s Supreme Leader Ayatollah Ali Khamenei and President Hassan Rouhani, OPEC and non-OPEC sources said. Putin’s […]

Tax compliance gets easier for companies, but new data highlights post-filing challenges across the world JOHANNESBURG, South Africa, December 1, 2016/  Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on business, according to the latest edition of Paying Taxes 2017, a report by the World Bank Group and PwC (www.PWC.com ). Released today, the report finds that the Total […]

By Daniel Ramos and Fredy Builes | LA PAZ/MEDELLIN, Colombia LA PAZ/MEDELLIN, Colombia Bolivian authorities on Thursday suspended the license of a tiny charter airline whose plane crashed in Colombia this week after apparently running out of fuel, killing 71 people and wiping out a Brazilian football team on its way to a regional cup final. Monday night’s disaster sent shock waves across the global football community […]

Photo Tiger Woods watched his tee shot on the third hole on Thursday at the Hero World Challenge in the Bahamas. Credit Lynne Sladky/Associated Press NASSAU, the Bahamas — As he made his way to the first tee for his first competitive shot in 466 days, Tiger Woods breezed right by the Golf Channel reporter Notah Begay, his former Stanford teammate and good friend. His focus before […]

By Emily Stephenson and Dustin Volz | WASHINGTON WASHINGTON President-elect Donald Trump, who pledged on the campaign trail to “drain the swamp” in Washington, is staffing his on-the-ground transition teams mostly with government veterans, including ex-lobbyists, a Reuters review of publicly available information shows. Drawing heavily from former military, congressional and agency staff, he has named about 140 operatives to “landing teams” at various government departments to […]

Your daily guide to community and cultural activities across the Emirates for December 2, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi National Day Yas Mall has an array of activities to celebrate National Day, including a collection of vintage photographs of the UAE’s rulers; a painting by Sheikh Saifi of Sheikh Zayed, Founding […]

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December 1, 2016 by: Anne-Sylvaine Chassany in Paris François Hollande announced on Thursday night that he would not run for a second term in next year’s French presidential elections. The unprecedented decision was driven by his historically low popularity ratings, which left him little chance of success against centre-right candidate François Fillon and far-right National Front leader Marine Le Pen. He would also first have had to […]

By Ingrid Melander | PARIS PARIS French President Francois Hollande said on Thursday he would not seek a second term in office in the presidential election in 2017, an unprecedented move that leaves the way open for other left-wing candidates. It is the first time in decades that an incumbent French president has not sought re-election. Hollande is the most unpopular president on record. “I am aware […]

By Alastair Macdonald and Gabriela Baczynska | BRUSSELS BRUSSELS The Dutch government has lent its weight to calls for the EU to freeze Turkey’s membership talks, diplomats said on Thursday, raising the prospect of European leaders making such a move at a summit in two weeks. A Dutch suggestion that the Union consider suspending the accession process for six months in protest at President Tayyip Erdogan’s crackdown […]

By James Pearson | SEOUL SEOUL Impoverished North Korea is not known for a bustling manufacturing industry but has earned a reputation in some African states for a highly visible export – its huge socialist-style statues. On Wednesday, the U.N. Security Council imposed new sanctions aimed at cutting North Korea’s annual export revenue by a quarter in response to its fifth and largest nuclear test in September. […]

Saudi Arabia’s aviation agency was attacked last month by an aggressive computer virus intended to disrupt high-profile government targets, officials and experts said on Thursday. The attack, which experts say emanated from outside the country, used a version of Shamoon, malware used to target the Saudi energy sector four years ago. Similar kinds of data-clearing software were used in 2014 against the Las Vegas Sands and Sony. […]

Probability matrices in MMSBM. Credit: Antonia Godoy-Lorite et al. PNAS doi:10.1073/pnas.1606316113 The internet is rife with recommendation systems, suggesting movies you should watch or people you should date. These systems are tuned to match people with items, based on the assumption that similar people buy similar things and have similar preferences. In other words, an algorithm predicts which items you will like based only on your, and […]

Image: Getty Images/iStockphoto Neural networks, machine-learning systems, predictive analytics, speech recognition, natural-language understanding and other components of what’s broadly defined as ‘artificial intelligence’ (AI) are currently undergoing a boom: research is progressing apace, media attention is at an all-time high, and organisations are increasingly implementing AI solutions in pursuit of automation-driven efficiencies. The first thing to establish is what we’re not talking about, which is human-level AI […]

ABU DHABI // The president of Egypt arrived in the capital on Thursday to attend National Day celebrations and an international conference on protecting cultural heritage. Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, met Abdel Fattah El Sisi at the Presidential Airport. During the reception the national anthems of both countries were played, followed by a 21-gun […]

Saxo Bank awarded multiple accolades by FX Week, Finance Magnates, HFM Asia Hedge Fund Services and Global Finance 01 December 2016 Saxo Bank, the online multi-asset trading and investment specialist, today announces that it has won Best Prime of Prime House in FX Week’s Best Banks Awards and Best Forex Broker and Best Prime of Prime/Retail Liquidity Provider in the Finance Magnates Awards. Recognized by industry experts […]

ABU DHABI // Tickets for British band Coldplay’s New Year’s Eve show in Abu Dhabi have turned up online at inflated prices, just hours after the concert sold out in record time. Fans hoping to see the four-piece play live in the capital are angry touts were able to buy batches of tickets to resell for profit. General admission tickets, at Dh395 for the du Arena gig, […]

By Cheikh Sadibou Mane | BANJUL BANJUL Gambians voted on Thursday in the first serious electoral challenge to President Yahya Jammeh, who has said only Allah can remove him from office and once claimed he would rule the tiny riverside West African nation for “a billion years”. Jammeh, who seized power in a 1994 coup, has made headlines by claiming to have a herbal cure for AIDS […]

By Astrid Zweynert LONDON (Thomson Reuters Foundation) – In the backyards of rural Cambodia, a tiny weapon is being deployed to fight dengue fever, the world’s fastest spreading tropical disease that causes debilitating flu-like symptoms and can develop into a deadly hemorrhagic fever. More than 3,000 households in Kampong Cham province, which has one of the highest dengue rates in Cambodia, have been given colourful guppy fish […]

GENEVA Ethnic cleansing is taking place in some areas of South Sudan, where the stage is set for a repeat of the Rwandan genocide, the head of the U.N. commission of human rights in the country said in a statement on Thursday at the end of a 10-day visit. “There is already a steady process of ethnic cleansing underway in several areas of South Sudan using starvation, […]

The month that stunned investors with Donald Trump’s US election victory was a record-breaker in markets. The prospect of big tax cuts and fiscal spending from the incoming administration has stirred the market’s animal spirits, driving Wall Street into record territory, while bond prices have been hit hard by expectations of higher inflation. Here is how November played out in numbers: 13 — The dollar index — […]

In a wide-ranging interview, Steve Ballmer this week was asked to explain what went wrong with Microsoft’s smartphone business. He pointed to skepticism over iPhone carrier subsidies, but I have another idea. As someone who was burned by the iPhone, I know why Microsoft screwed up. Since I was unable to secure any hands-on time with the iPhone prior to its release, I based the […]

By Crispian Balmer | ROME ROME A ‘No’ vote in Sunday’s referendum on constitutional reform would be a slap in the face to Europe, said the head of the rightist Northern League, pledging to pull Italy from the euro if he wins the next national elections. Matteo Salvini, who has said he would run for prime minister, has helped lead the campaign against the government’s planned overhaul […]

By Jacob Gronholt-Pedersen | COPENHAGEN COPENHAGEN Maersk Line, the world’s biggest shipping company, is to buy smaller rival Hamburg Süd, joining a wave of M&A in the industry just over two months after the Danish company revealed plans to bolster its transport operations. The deal, announced by parent A.P. Moller-Maersk (MAERSKb.CO) on Thursday, is the group’s first full takeover in more than a decade and highlights a […]

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