Iraq’s prime minister said the country is willing to cut some of its own production, in a move that could smooth the way to a supply deal when Opec, the oil cartel, meets next week. Haider al-Abadi said Iraq would “shoulder responsibility” for some of the planned reductions of the 14-member group’s output to bolster the oil price, according to comments reported by Reuters. The price of […]
MOSCOW/KIEV Moscow protested against Ukraine’s plans to carry out missile tests near Crimea, which Russia annexed in 2014 following the toppling of a pro-Russian Ukrainian president, raising the temperature in the dispute between the two countries. Russian aviation agency Rosaviatsia said late on Friday it has received a notification from Ukraine on missile tests in “Russia’s sovereign air space” on Dec. 1 and 2 in the region […]
By Kirstin Ridley | LONDON LONDON Three former Barclays (BARC.L) traders jailed for manipulating Libor benchmark interest rates after a London trial have been denied a request to appeal against their conviction and sentence, the wife of one said on Friday. Julie Pabon said her husband, Alex, and former colleagues Jay Merchant and Jonathan Mathew were recently notified that their requests had been rejected by the Court […]
Quite aside from the head-spinning speeds that Formula One cars reach around the Yas Marina Circuit, the numbers behind staging the Abu Dhabi Grand Prix are staggering. More than 500 tonnes of team equipment has been flown into Abu Dhabi from the previous round in Brazil; a total of 8,550 litres of paint are used to get the track up to scratch; 30 hectares of landscape grass […]
By Marc Frank | HAVANA HAVANA Fidel Castro, the Cuban revolutionary leader who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday, his younger brother announced to the nation. He was 90. A towering figure of the second half of the 20th Century, Castro had been in poor health since an intestinal […]
By Terray Sylvester | BISMARCK, N.D. BISMARCK, N.D. More than 30 activists protesting plans to run an oil pipeline beneath a lake near a North Dakota Indian reservation were arrested on Friday at a retail mall during a rally timed to coincide with the busiest shopping day of the year. The rally was held at the main shopping center of North Dakota’s capital city on “Black Friday” […]
Nov. 21, 2016 11:03 a.m. ET LONG BEFORE BRITISH ACTOR and rapper Riz Ahmed made a career of role-playing, he was already navigating competing identities. “There was a bit of a jump between home and school, both culturally and classwise—I often found myself pinballing between different versions of myself,” says Ahmed, 34, about his teenage years. “I guess, in a way, I was sort of acting from […]
Updated Nov. 26, 2016 2:23 a.m. ET Fidel Castro burst on the world scene in 1959, spawning the very image of a revolutionary with his scruffy beard, rifle and cigar, ruling Cuba for a half-century while rankling 11 U.S. presidents and helping bring the world to the brink of nuclear war. Mr. Castro, who was suffering from undisclosed illnesses, died at 90 years old, his brother, President […]
WHEREVER you are right now, there’s a very good chance the weather is much nicer in San Diego. California’s second most populous city has long used its relentlessly pleasant climate to lure travelers to attractions like the USS Midway, SeaWorld, more than 90 golf courses and roughly a bazillion miles of beaches and hiking trails. Rarely does a sneak attack of cold or wetness ruin a weekend […]
Updated Nov. 25, 2016 8:52 p.m. ET The most valuable U.S. financial-technology startup is extending its lead. Stripe Inc., whose software is used by businesses to accept and track digital payments, will be valued at $9.2 billion in a new funding round that is being completed, the company said. That valuation, which includes roughly $150 million in new cash being raised, nearly doubles the privately held company’s […]
Updated Nov. 25, 2016 4:59 p.m. ET Saudi Arabian oil officials won’t attend a meeting Monday with their Russian counterparts and others, OPEC officials said, disrupting plans between the world’s two largest petroleum producers to coordinate output cuts meant to elevate slumping crude prices. The move puts renewed focus on the Organization of the Petroleum Exporting Countries to break through an impasse at the 14-nation cartel’s next […]
Johnson & Johnson, the world’s largest healthcare group, confirmed on Friday it is in preliminary discussions with Actelion, Europe’s largest biotechnology company, over a potential deal. Its statement came after days of speculation among investors that J&J had been preparing a bid for Actelion, although the Switzerland-based biotech had earlier warned “there can be no certainty that a transaction will result” from the J&J approach. People close […]
Event recognizes importance of encouraging innovation, knowledge and reading in cultural advancement UAE, November 24, 2016 In celebration of the UAE Innovation Week 2016, the Secretariat of the Supreme Legislation Committee (SLC) has held a ‘Reading Day’ recently as part of the national efforts to promote science, innovation and reading and place the UAE as one of the leading capitals in culture, knowledge and innovation. This move […]
The Ras Al Khaimah Government has decided to amend maternity leave rules for working women, enabling them to take three months of fully paid leave. The move follows the directives of the UAE Gender Balance Council to strengthen the balance index between the sexes in government agencies, news agency WAM reported. The council was launched by Vice President and Prime Minister and Ruler of Dubai, Sheikh Mohammed […]
The dollar broke new ground in its post-US election surge against the yen on Friday as the market eyed a potential ¥3.8tn ($34bn) deluge of yen selling by life insurers. Tokyo’s morning session saw speculators pushing the dollar into the high ¥113 zone — an eight-month peak and a move that is underpinned by more unwinding of long yen positions built ahead of what big Japanese investors […]
Photo Senior Chief Petty Officer Scott C. Dayton, who lived in Woodbridge, Va., was killed by an improvised bomb on Thursday in northern Syria. Credit U.S. Navy A 42-year-old Navy sailor whose many decorations included the Bronze Star has been identified as the first member of the American armed forces to be killed in combat in Syria, the Defense Department said on Friday. The sailor, Senior Chief […]
By Sam Forgione | NEW YORK NEW YORK Key stock indexes on Wall Street swept to record intraday and closing highs on Black Friday thanks to gains in consumer staple and technology shares, while European stocks climbed and a stabilization in U.S. Treasury yields promoted investors to sell the dollar. The Dow, S&P 500 and Nasdaq indexes, as well as the small cap Russell 2000 , hit […]
Black Friday is highly anticipated nowadays due to the huge discounts it brings, but the history of Black Friday is actually a bit darker and more complex. Over the years, Black Friday has become one of the biggest shopping days of the year, as huge crowds of shoppers flood stores the day after Thanksgiving to buy loads of heavily discounted stuff. However, the real story behind the term “Black […]
Chinese phone supplier Huawei has supplanted Samsung as the second most profitable smartphone brand globally in Q3 2016. Apple continues to remain atop the list, having enjoyed 91 percent of all smartphone profits this year. Huawei, meanwhile, enjoyed 2.4 percent of the pile, earning an estimated $200 million for smartphone sales during the aforementioned quarter. Huawei Places Second It should come as no surprise that Apple has […]
Vivendi has been pursuing a creeping strategy to takeover Ubisoft by way of its continued acquisition of Ubisoft stocks. The game company’s top executives have so far balked at this bid, stating that Ubisoft will never be the same if the French media conglomerate proved successful. Looming Vivendi Takeover The observers’ consensus is that Vivendi’s hostile takeover is a done deal despite claims that Ubisoft is doing its […]
* Debut sukuk seen pricing around 175 bps over midswaps * May come in tighter than Majid Al Futtaim * Order books over $2 bln within hours of announcement * Retail sector avoids some of Dubai’s property risk Advertisement * Expected to price on Wednesday By Archana Narayanan DUBAI, June 10 (Reuters) – Emaar Malls Group, a unit of Dubai’s Emaar Properties , may price its debut […]
BEIRUT: Airstrikes and rockets in northern Syria knocked out two medical centers dedicated to women on Friday and killed at least 12, including two people in one of the health facilities, according to opposition activists, a charity group and a hospital manager. Warplanes and artillery shelling also continued to pound the besieged rebel-held neighborhoods of the northern city of Aleppo as government troops pushed their way from […]
As Wall Street traders departed for Thanksgiving this week, they could celebrate a rare achievement. On Monday and Tuesday, the four most widely cited indices of US stocks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the Russell 2000 — hit all-time highs simultaneously. The last time a “grand slam” happened was on New Year’s Eve 1999, at the height of the […]
Not many people know about the second floor café in Building 3 at Emaar Square. Dubbed “the digital café”, it serves great food, great coffee and of course has pretty decent Wi-Fi. It has a “google” feel to it. But when the history books of the Middle East digital revolution are one day written, chances are the café will get a chapter to itself. For the […]
