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By Yashaswini Swamynathan U.S. stocks were little changed on Wednesday as investors focused on Friday’s crucial nonfarm payrolls report after a better-than-expected private hiring report strengthened chances of a rate increase next week. Financial stocks rose after the ADP National Employment report showed that the U.S. private sector added 298,000 jobs last month, blowing past economists’ average estimate of 190,000. The S&P 500 financial index .SPSY rose […]

The award judges noted that the project “exposed offshore hideaways tied to mega-banks, corporate bribery scandals, drug kingpins, arms traffickers and a network of people close to Russian President Vladimir Putin that shuffled as much as $2 billion around the world.”  Judges also noted that since the probe, “governments and corporations in 79 countries have opened at least 150 inquiries, audits or investigations.” Along with the recognition […]

DUBAI // The UAE has cracked the top 20 list of countries with the most billionaires for the first time. The Emirates is home to 21 ultra-rich individuals, giving it a ranking of 19, according to the China-based Hurun Global Rich List 2017. “The world today has 5,000 dollar billionaires, assuming that for every one we have found we have missed at least one,” said Rupert Hoogewerf, […]

“Talk is cheap, implementation is difficult,” said Fadel Gheit, a senior oil company analyst at Oppenheimer & Company. “They will have to recreate books that never existed.” Photo Khalid A. al-Falih, Saudi Arabia’s energy minister and chairman of Saudi Aramco, speaking at a conference in Houston on Tuesday. Credit Melissa Phillip/Houston Chronicle, via Associated Press As a prize, there are fewer bigger than Saudi Aramco. The Saudis […]

Dubai, United Arab Emirates Delta Partners, the leading advisory and investment company, specialised in the telecoms, media and digital (TMD) space, has been officially recognised as one of the ‘Top Companies to Work for in the UAE’ in 2017 by Great Place to Work®, a global research, training and consultancy firm that identifies the best workplaces in over 50 countries worldwide. The official list, which was announced […]

By Fatos Bytyci | PRISTINA PRISTINA Kosovo signalled on Wednesday it would turn its security force into a national army, plans opposed by its ethnic Serb minority that drew immediate criticism from NATO and the territory’s biggest foreign supporter, the United States. Nearly two decades after the Kosovo war, relations between Belgrade and Pristina remain strained and Serbia continues to regard Kosovo, which declared independence in 2008, […]

Bahrain’s national carrier has announced an expansion to its bundle of pre-paid services, adding seat selection, excess baggage and lounge access. Gulf Air said in a statement that passengers can now purchase these services in advance of their travel, adding that its prepaid excess baggage rates are 20 percent lower than standard airport rates. The airline said it will be introducing this facility to its official website […]

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KINSHASA Three mass graves have been discovered in central Democratic Republic of Congo, where hundreds have been killed since July in clashes between security forces and a local militia, the top U.N. rights official said on Wednesday. At least 400 people have died and 200,000 have been displaced since the fighting broke out with the Kamuina Nsapu militia. Police killed its leader, Kamuina Nsapu, last August, causing […]

By Ginger Gibson and David Shepardson | WASHINGTON WASHINGTON When the bosses of some of the world’s largest pharmaceutical companies headed to Washington in January to meet U.S. President Donald Trump, it had all the makings of a potentially hostile meeting. Just weeks before, Trump had sent drug stock prices plummeting after accusing the companies of “getting away with murder” by charging too much for medicines. But […]

MOSUL, Iraq Iraqi forces saw off a nighttime Islamic State counter-attack near Mosul’s main government building hours after recapturing it, a military official said on Wednesday, as troops sought to push the militants further back. The Islamic State fighters had used several car bombs in the assault, Major General Ali Kadhem al-Lami of the Federal Police’s Fifth Division told a Reuters correspondent near the site. “Today we’re […]

As CEO of ExxonMobil, Rex Tillerson was accustomed to going where he wanted, when he wanted, with whomever he wanted. It comes with being the CEO of one of the most valuable companies in the world. He doesn’t seem compelled to act much differently as Secretary of State — at least in the early going. It’s why news bureau chiefs will hold a conference call this morning to […]

For hijabi athletes, Nike just did it. The sports brand has ticked all the boxes for fitness enthusiasts by announcing its Nike Pro Hijab which will be available in 2018. As of Wednesday morning, amid the online buzz, the garment even launched its own Instagram account A project that has been in the brand’s creative labs for over a year, the modest wear is a lightweight, breathable, […]

Photo A convoy of United States armored vehicles in Manbij, northern Syria. A Pentagon spokesman said Monday that the deployment was intended as a “visible sign of deterrence and reassurance” to dissuade Turkish-backed militias and other groups from attacking the area. Credit Delil Souleiman/Agence France-Presse — Getty Images WASHINGTON — The top American military officer met Tuesday with his Russian and Turkish counterparts to discuss how to […]

By Tim Kelly and Nobuhiro Kubo | TOKYO TOKYO Rattled by North Korean military advances, influential Japanese lawmakers are pushing harder for Japan to develop the ability to strike preemptively at the missile facilities of its nuclear-armed neighbour. Japan has so far avoided taking the controversial and costly step of acquiring bombers or weapons such as cruise missiles with enough range to strike other countries, relying instead […]

by March 7, 2017, 11:46 AM EST Royal Bank of Canada closed accounts of about 40 clients and bolstered tax compliance following a review of offshore accounts tied to last year’s leak of records from a Panama law firm. “The review is completed,” J-F Courville, chief operating officer of Royal Bank’s wealth-management unit, said in an interview. “We found out we have a business with good controls, […]

By Rozanna Latiff and Liz Lee | KUALA LUMPUR KUALA LUMPUR Malaysian Prime Minister Najib Razak struck a softer tone with North Korea on Wednesday, a day after accusing it of treating Malaysians as “hostages” amid a diplomatic meltdown over the murder of the estranged half-brother of the North’s leader. Malaysian police have identified eight North Koreans wanted for questioning in connection with the killing of Kim […]

SEOUL A man claiming to be the son of the slain, estranged half brother of North Korea’s leader said he was lying low with his mother and sister, in a video posted online by a group that said it helped rescue them following the murder a month ago. The governments of Netherlands, China, the United States, and a fourth unnamed country provided emergency humanitarian assistance to protect […]

SYDNEY Climate change was responsible for breaking more than 200 Australian weather records over the past three months, researchers said on Wednesday, a glimpse of conditions to come that will likely threaten energy security and agriculture. Much of Australia’s east coast endured its hottest summer on record, the independent Climate Council said, while torrential rain in Western Australia caused flash flooding. The sort of unseasonable conditions seen […]

SAN DIEGO Major aircraft leasing companies have offered a lukewarm response to proposals by Boeing to build a bigger version of its 737 MAX family to counter the Airbus A321neo. Boeing has begun offering the model code-named 737 MAX 10X to airlines, saying it would be the most efficient single-aisle jetliner in the business – a claim disputed by Airbus. Steven Udvar-Hazy, executive chairman of Air Lease, […]

And Mr. Trump’s conveniently timed call was a not-so-subtle reminder to Israel’s attorney general that indicting Mr. Netanyahu — a step that would precipitate his resignation as a prime minister — could harm Israel’s national security at a dangerous time. Continue reading the main story Mr. Netanyahu has survived past inquiries into his personal trips and home expenses without charges, and he has steadfastly denied wrongdoing in […]

BERLIN Support for Germany’s Social Democrats (SPD) nudged up to 32 percent, one percentage point behind Chancellor Angela Merkel’s conservatives, over the past week, according to a poll published on Wednesday. The centre-left SPD, currently the junior partner in Merkel’s ruling coalition, has seen its poll ratings soar since nominating former European Parliament president Martin Schulz as its candidate for chancellor in the Sept. 24 federal election. […]

Security is still the most important aspect of network digitisation, Cisco has said, with the networking giant now focused on embedding its security technology into its “next generation” of products. “The best digital offence starts with the best security defence,” Chris Dedicoat, executive VP for Worldwide Sales and Field Operations at Cisco, said during his keynote speech at Cisco Live Melbourne on Wednesday. “We’re focused on two […]

KABUL An explosion and gunfire were reported near a military hospital in the Afghan capital, Kabul, close to the U.S. embassy, officials said on Wednesday. One official said a “security incident” had been reported at the hospital. (Reporting by Mirwais Harooni; Editing by Paul Tait) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems, function(k,v) { […]

Prime Minister says TN50 is not a rejection of Mahathir Mohamad’s legacy but a continuation of Vision 2020. DEWAN RAKYAT KUALA LUMPUR: Prime Minister Najib Razak said today that his administration’s Transformasi Nasional 2050 (TN50) was not a rejection of former prime minister Dr Mahathir Mohamad’s Vision 2020. Rather, he said, TN50 was a continuation of the former prime minister’s goals for the nation. “I want to […]

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