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 […]
See how Dubai’s coastline has changed over the last 32 years – timelapse December 1, 2016 The change is dramatic. In 1984, the Dubai coastline was nearly untouched by development. In new timelapse footage, released by Google, change over 32 years is summed up in a 12-second loop. In the first shot, the desert still makes up the bulk of the frame. By modern day, the now […]
It’s one thing reaching an age when your friends and contemporaries start dying and you begin to wonder when it will be your turn. It’s quite another to find yourself pronounced the world’s oldest person. In May, that honour fell to Emma Morano, an Italian woman born in 1899, when the former holder of the title passed away. On May 12, Susannah Mushatt Jones, born in Alabama […]
GENEVA About 30,000 people are receiving aid after fleeing the besieged eastern zone of the Syrian city of Aleppo in the past few days, taking the total number of displaced people in the city to 400,000, U.N. special envoy Staffan de Mistura said on Thursday. The U.N. has food for 150,000 people ready in western Aleppo but it still cannot reach roughly 200,000 who remain in the […]
In this Feb. 25, 2014 file photo, theSamsung Galaxy S5 is displayed at the Mobile World Congress in Barcelona, Spain, Tuesday, Feb. 25, 2014. Leading tech companies are increasingly nudging consumers to use their own fingers, faces and eyes as digital key to unlock phones and other gadgets. But there are downsides: Hackers could still steal your fingerprint, or its digital representation. And police may have broader […]
ZURICH Swiss efforts to curb immigration from the European Union without provoking a clash with Brussels cleared another hurdle on Thursday when parliament’s upper house backed giving locals first crack at open jobs rather than adopting outright quotas. The step is roughly in line with a bill the lower house adopted in September, skirting a direct confrontation with the EU which has insisted on upholding the free […]
BEIJING China might further relax, or even scrap, restrictions on childbirth to avoid a “low birthrate trap”, an influential government think-tank has said, as the country debates how to avert a demographic timebomb. China’s birth rate, one of the world’s lowest, is fast becoming a worry for authorities, rather than the achievement it was considered at a time when the government feared over-population. Beijing formally allowed all […]
Gold has suffered its worst month since mid-2013, as the election of Donald Trump, the rising dollar and increased expectations of a US rate rise combined to send prices down 8.1 per cent in November. The fall to $1,173.20 per troy ounce marked the steepest monthly sell-off since June 2013, when the precious metal lost 11 per cent in the wake of the so-called taper tantrum. November’s […]
Pursglove would soon learn, however, that navigating this offshore archipelago is not easy. In any given year, trillions of dollars sit safely in the offshore financial world, effectively stateless, protected by legions of well-compensated defenders and a tangle of laws deliberately designed to impede creditors and tax collectors. Even the United States government finds it challenging: A special Internal Revenue Service division known as the “wealth squad,” […]
By Sarah Marsh and Diego Oré | SANTA CLARA, Havana SANTA CLARA, Havana One of history’s best known double acts was temporarily reunited on Wednesday, when Fidel Castro’s ashes arrived at a mausoleum housing the bones of his fellow revolutionary, Ernesto “Che” Guevara, part of a three-day cortege for the Cuban leader. Castro was cremated after he died on Friday aged 90. His ashes are being driven […]
By Saikat Chatterjee | HONG KONG HONG KONG China’s factories notched their strongest growth in activity in two years and Japanese firms’ order books rose in November, masking concern about the protectionist leanings of U.S. President-elect Donald Trump and an OPEC-induced oil price rally. Factory surveys produced stronger purchasing manager index (PMI) numbers in China, Taiwan and Vietnam, and while activity in Japan’s factories was still growing […]
It’s a new world: Donald Trump’s world. As 2017 hits, we’re going to see the US government’s attitude towards a range of technologies change, whether it be about a lighter touch on regulation or a harsher look at companies that import heavily from China. I hate making stock predictions. I’m going to try to stick to what I think you should expect and do, as […]
Expect deep, moody, saturated shades to dominate in 2017 – paint brand Benjamin Moore has named Shadow, a rich shade of amethyst, as its colour of the year. “Allusive and enigmatic, Shadow is a master of ambience. It is a colour that calls to mind a past, yet it can also make a contemporary, colour-confident statement,” says Helen Mullett, international marketing director of Benjamin Moore Paints. “Shadow […]
MOSCOW Warships from Russia’s Black Sea Fleet have taken up position off Crimea’s western coastline to help strengthen the peninsula’s air defences in response to the start of Ukrainian missile tests nearby, the RIA news agency reported on Thursday. Kiev began two days of missile tests on Thursday, angering Russia, which has put its air defence forces on high alert saying it hopes the war games won’t […]
Saudi Arabia is boosting the firepower of its sovereign wealth fund to accelerate deal-making and lessen the country’s dependence on oil. The Public Investment Fund is receiving a 100 billion-riyal ($27 billion) transfer from official reserves, according to a statement Wednesday on the SPA official news agency, increasing its existing assets by about 17 percent. The injection will help the fund diversify investments and revenues, it said. The […]
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By Michelle Nichols | UNITED NATIONS UNITED NATIONS The U.N. Security Council imposed new sanctions on North Korea on Wednesday aimed at cutting the Asian country’s annual export revenue by a quarter in response to Pyongyang’s fifth and largest nuclear test in September. The 15-member council unanimously adopted a resolution to slash North Korea’s biggest export, coal, by about 60 percent with an annual sales cap of […]
A Cellebrite engineer explains the technology used to unlock smartphones and pull data It only takes a few seconds for an employee of one of the world’s leading hacking companies to take a locked smartphone and pull the data from it. Israeli firm Cellebrite’s technology provides a glimpse of a world of possibilities accessible to security agencies globally that worry privacy advocates. The company has contracts […]
Submitted by Federico Pieraccini via Strategic-Culture.org, Looking at US history over a fairly long period of time, it is easy to see the destructive path that has accompanied the expansion of the American empire over the last seventy years. While World War II was still raging, US strategists were already planning their next steps in the international arena. The new target was immediately identified in the assault […]
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NEW DELHI—India released economic data on Wednesday that confirmed its place as an outlier in a low-growth world, and Prime Minister Narendra Modi has promised further steps to encourage investment and modernize bureaucracy. But with his latest step, Mr. Modi has left India’s star looking a lot dimmer, at least for the time being. Three weeks after his government abruptly canceled India’s largest bank notes to drill […]
