Sterling struggled to bounce back from losses owing to renewed Brexit uncertainty after Boris Johnson proposed a general election to resolve the long-running saga, while Asian markets were mostly down after a broadly positive week. With the prime minister giving up on a pledge to leave the EU by his Halloween deadline, he called for […]
American Airlines rode strong demand for flying in the traveling public to higher earnings Thursday despite mounting costs connected to the prolonged grounding of the Boeing 737 MAX. Fuller flights amid a good consumer environment enabled American’s profits to soar 14.2 percent higher in third-quarter to $425 million. Revenues increased three percent to $11.9 billion. […]
French media firms said Thursday that they would drag Google before the country’s competition regulator over its refusal to compensate them for displaying their content in defiance of a strict new EU copyright law. The APIG press alliance, which groups dozens of national and regional newspapers, said it would also press the French government to […]
Twitter shares plunged Thursday after reporting glitches that impacted its ad-targeting ability, pulling down revenue growth in the past quarter. Profit for the third quarter was $37 million, a sharp drop from last year when the online messaging platform was helped by a large tax benefit. Revenue rose nine percent from a year earlier to […]
UAE CHAMPION JOCKEY O’SHEA JOINS JEBEL ALI STABLES Seven-time UAE champion jockey Tadhg O’Shea (pictured above) will be joining a new team when the new season commences on Thursday at Meydan Racecourse. The fan favourite will start his 2019-20 tenure wearing the predominately yellow silks of His Highness Sheikh Ahmed bin Rashid Al Maktoum and […]
A Quick Guide to Successful Investing When to Invest Techniques and Psychology Mistakes to Avoid Rule of thumb on when to invest The best times to invest are: When the investment vehicle is undervalued An undervalued asset is one that is selling below what is assumed to its intrinsic value. Compare the current price of […]
Hotels on Thailand’s most popular holiday island have been forced to slash prices with rooms left vacant and beaches sparse as tourist chiefs struggle with a plunge in Chinese visitors caused by the US trade war and a stronger baht. Located on the Andaman Sea and known for its beaches and nightlife, sun-drenched Phuket was […]
On September 12, Boeing started putting out 30-second videos in which employees tout its planes’ safety, hoping to reassure travelers about the 737 MAX that’s been grounded worldwide since two crashes that killed 346 people. “Safety is at the core of our business. We have put hundreds of engineers to work to ensure that this […]
China on Sunday said it aims to become a “great power” in the online world and took a swipe at Washington on trade, kicking off its annual conference promoting the Communist Party’s controlled and censored version of the internet. US-China rivalry is increasingly playing out in the digital sphere, as Beijing pursues dominance in next-generation […]
In response to last night’s disturbing story on the ABC’s 7.30 Report regarding horse welfare, Australia’s leading thoroughbred auction house Inglis condemns the alleged actions of animal mistreatment. The alleged vision shown was appalling and the abattoirs involved need to be investigated ASAP and held to account. Cruelty towards any type of animal is totally […]
Racing NSW Response to ABC 7.30 Report Following the program that aired on the ABC’s 7.30 Report last night, Racing NSW Chief Executive, Peter V’landys AM, unequivocally condemned the alleged abhorrent actions of the Meramist Queensland Abattoir. The vision was sickening, and horrendous and Racing NSW calls upon the Queensland Government and its Department of […]
All is in readiness for the Inglis Ready2Race Sale, with final breeze ups and a free champagne brunch at Riverside Stables tomorrow to complete preparations. From 9.30am tomorrow, 23 horses will breeze up on the Warwick Farm Pro Ride track. Immediately following the breeze ups will be a complimentary brunch at Riverside from 11am, accompanied […]
British and EU negotiators worked late into the night into Thursday in the hopes of presenting a last-minute Brexit deal to leaders meeting for a crunch European summit. Both sides said they were close to finding a basis for a treaty to ensure Britain heads for a managed withdrawal from the European bloc it has […]
Berlin will publish Thursday updated growth forecasts for Germany that are likely to reveal a still weaker outlook than before, but it remains hesitant to stimulate its own and partner economies. In the economy ministry’s predictions for growth in the gross domestic product, presented around 2:00 pm (1200 GMT), observers are already bracing for a […]
Sterling edged up Thursday as Britain and the European Union appeared close to a Brexit agreement, though investors remain on edge with any deal possibly facing strong opposition in Westminster. After years of wrangling, the two sides said Wednesday they were edging towards the basis for a treaty allowing Britain to avoid crashing out of […]
Does a US employer have the right to sack a worker because they are gay or transgender? That question, which has caused deep divisions within US society, will go before the Supreme Court on Tuesday at a time when the political scene has already reached fever pitch over efforts to impeach President Donald Trump. The […]
The National Basketball Association won’t gag its personnel or apologise over a team executive’s tweet that ignited a firestorm in China, commissioner Adam Silver insisted Tuesday, standing firm despite a growing backlash that imperils the league’s lucrative Chinese following. The tweet last Friday by Houston Rockets General Manager Daryl Morey supporting pro-democracy protests in Hong […]
The 2019-2020 racing season at Meydan Racecourse gets underway in just a few weeks on Thursday, October 24, and online sales of tickets for the ‘Racing at Meydan’ programmes and concurrent Dubai World Cup Carnival are available to racegoers. Tickets and packages can be purchased here: https://store.meydan.ae/. For those looking to enjoy more of the […]
Asian markets tanked Thursday after a below-par US jobs report compounded worries about the world’s top economy as impeachment proceedings dominate left wing media, while the WTO fanned fresh trade war fears by allowing Washington to impose tariffs on the European Union. Just the thought of a Democrat led USA has Investors around the world […]
European stock markets tumbled on Wednesday after worse-than-expected US data revived worries about the impact of the trade war on the global economy. London dived 2.0 percent in midday deals after fall in Asia and overnight on Wall Street, as investors took flight on news of a disappointing reading on factory activity in the United […]
Strife-torn Hong Kong has suffered a record slump in retail sales, data showed Wednesday, as the city reels from four months of increasingly violent pro-democracy protests. The international finance hub is a major international tourist destination and especially popular with mainland Chinese shoppers hoping to snap up bargains in a city with no sales tax. […]
Singapore’s new law to combat “fake news” came into effect Wednesday despite criticism from tech giants and activists, who labelled the tough rules a “chilling” attempt to stifle dissent. The law gives government ministers powers to order social media sites to put warnings next to posts authorities deem to be false, and in extreme cases […]
BENBATL BACK IN A BIG WAY Godolphin’s Benbatl is far from done in his already decorated career and the 5-year-old winner of top-level affairs on three continents put an exclamation point on that sentiment with his return in this past Friday’s Group 2 Shadwell Joel Stakes at Newmarket. The son of multiple Group 1 winners […]
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, chaired today a meeting of the Executive Council at Emirates Towers, Dubai, in the presence of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai. During the council meeting, Sheikh Hamdan bin […]
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, today announced the launch of the region’s first ‘Virtual Company Licence’, allowing investors worldwide to do business in Dubai digitally without requiring residence and in accordance with the highest international legal standards. The announcement is aligned with the third Article of the […]
Eight EU countries have joined INSTEX, the mechanism set up to trade with Iran while circumventing US sanctions, and another two are set to follow, according to an aide to EU High Representative Federica Mogherini. “Apart from the three countries that initiated the creation of the mechanism – France, Germany and Great Britain – eight […]
For the 12 months ending 30 June 2019, PwC firms around the world had gross revenues of US$42.4 billion – up 7% in local currency and 4% in US dollars. Revenues grew across all lines of business and major markets, boosted by the power of the PwC brand and continued significant investments in quality, technology […]
Asian markets mostly rose Tuesday after Wall Street finished a volatile quarter on a positive note, while China began a week-long break to celebrate the 70th birthday of the People’s Republic. Following Wall Street’s lead, Tokyo climbed 0.7 percent, helped by a drop in the yen and as investors shrugged off a Japanese survey that […]
Cutting back on red meat is standard medical advice to prevent cancer and heart disease — but a review of dozens of studies has concluded that the potential risk is low and evidence uncertain. In new guidelines published on Monday in the Annals of Internal Medicine, a panel of researchers from seven countries suggested that […]
Broodmare owners employ various criteria when it comes to stallion selection. Pedigree is a biggie. So are looks. However, it’s often ‘performance’ that plays the biggest role. Let’s face it, ‘To the manor born’ isn’t worth a jot if you can’t run out of sight on a dark night. That’s why breeders would be well […]
Keeneland’s Fall Meet begins Friday, Oct. 4, celebrating 17 days of some of the finest Thoroughbred racing in North America that kicks off with the blockbuster Fall Stars Weekend, featuring nine of the meet’s 10 Breeders’ Cup “Win and You’re In” races. The season offers a full slate of special events, highlighted by the return […]
Michael Tabor, Derrick Smith and Mrs. John Magnier’s 2-year-old longshot Royal Dornoch (IRE), under jockey Wayne Lordan, prevailed by a neck over 6-5 favored Kameko to win Saturday’s one-mile $160,000 Juddmonte Royal Lodge (GII) at Newmarket Racecourse. With this victory, Royal Dornoch earned an automatic berth into the Breeders’ Cup Juvenile Turf through the international […]
Hundreds of hotels in Spain are facing imminent closure over the collapse of British travel giant Thomas Cook, the head of the Spanish hotel federation warned on Monday. “There are 500 hotels which are going to close immediately due to the collapse of Thomas Cook and the situation could get worse if the government doesn’t […]
European Central Bank president Mario Draghi urged eurozone leaders Monday to create a common budget of “some significance”, adding such a tool could have hastened recovery from the financial crisis. “We have to have a fiscal policy of some significance in the eurozone,” said Draghi in an interview with the Financial Times. He said the […]
Inflation in Europe’s largest economy Germany eroded further in September, official data showed Monday, weeks after the European Central Bank announced new measures to stoke price growth. Consumer prices grew 1.2 percent year-on-year, down from 1.4 percent in August and 1.7 percent in July, federal statistics authority Destatis said in a statement. Measured using the […]
Group 1, 3+, 2,400 metres (1m4f), €5m Created in 1920 Record time (Longchamp) : 2’24’’49 in 2011 (Danedream). Found won in 2’23’’61 in 2016 at Chantilly, beating the course record. Last winner : Enable (f4, GB by Nathaniel), Homebred by Juddmonte farms, trained by John Gosden and ridden by Frankie Dettori. Held in 2019 for the 98th time. HistoryAfter abandoning […]
German farmer Edgar Thomas already has two towering pylons spoiling the view of the picturesque rolling hills around his land, and he’s exasperated that his area is being asked to find room for more. But in the country’s bid to ditch fossil fuels and switch to unproven renewables as it marches towards a carbon-neutral future […]
Apple’s entry into online games with a low-cost subscription plan is expected to bring a fresh set of consumers into gaming and potentially reshape the multibillion-dollar market. Apple Arcade, which launches Thursday, rides a trend of video games played by subscribers instead of purchased as downloads or disks, and its $4.99 monthly price could wind […]
An unprecedented water shortage in drought-stricken eastern Australia is driving home the brutal realities of ignoring farmers needs is threatening the much-mythologised Outback way of life. From sunny Queensland all the way to Sydney, more than a dozen small towns are facing their own “Day Zero” within months, a water crisis reminiscent of the taps […]
Toxic haze from Indonesian forest fires closed schools and airports across the country and in neighbouring Malaysia Wednesday, while air quality worsened in Singapore just days before the city’s Formula One motor race. Illegal fires to clear land for agriculture are blazing out of control on Sumatra and Borneo islands, with Jakarta deploying thousands of […]
Airbus on Wednesday increased its estimate of the number of new aircraft needed over the coming two decades as airlines seek more fuel-efficient planes even as it trimmed its forecast for the increase in demand for air travel. In its latest Global Market Forecast for the next 20 years, the European aircraft maker said it […]
Huawei will step up its presence in the global market for computer hardware, a top company official said on Wednesday, as the Chinese telecom giant weathers a US assault on its 5G network and smartphone business. Deputy chairman Ken Hu said the strategy is based on expectations that “incredible computing power” is going to be […]
Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, and Mohamed Khalifa Al Mubarak, Chairman of Department of Culture and Tourism – Abu Dhabi, today opened Louvre Abu Dhabi’s first international exhibition of its new season ”Changing Societies, Rendezvous in Paris: Picasso, Chagall, Modigliani & Co. (1900-1939)”. It will open its doors to […]
Precious metals traders at JP Morgan made millions through fraudulent trades, operating a sprawling criminal conspiracy to manipulate prices, according to the US Justice Department, which appears to be signaling a crackdown. Current and former JP Morgan precious metals traders Gregg Smith, Michael Nowak, and Christopher Jordan engaged in “a massive, multiyear scheme to manipulate […]
After a super Saturday of four Stakes winners at Leopardstown, Galileo sired a Group 1 double at the Curragh to continue his domination of Irish Champions Weekend. Coolmore homebred Love (2f Galileo – Pikaboo, by Pivotal) was first to strike when staying on well to deny hot-favourite Daahyeh in the Group 1 Moyglare Stud Stakes […]
Equities rose in Asian trade Friday after the European Central Bank unveiled a fresh round of useless economic stimulus and another interest rate cut while a report said the US was considering a short-term trade agreement with China. Global markets have been buoyed this week by a growing sense that central banks are on the […]
After a couple of years of no interest whatsoever the Heffernan’s decided to stand Honorius privately to serve exclusively their own broodmares. He remains at one of Australia’s premier studs, Larneuk in Victoria. With a Horse of the Year, two Champion Sires’ titles and over $HK175 million in progeny earnings, Holy Roman Emperor has been […]
While the top end of the market continues to grab the headlines as prices for commercially bred horses skyrocket around the globe there is an outstanding opportunity developing for the owner breeder in Australia. According to our research the number of broodmares has halved in the last 10 years and the prize money and racing […]
Boeing was not able to respond to regulator questions on modifications made to the 737 MAX flight control system at an August meeting with international officials, sources said Tuesday. The planes have been grounded globally since mid-March, following two crashes that killed 346 people. Boeing is now seeking a green light to return the jets […]
The US Federal Reserve will not need to cut interest rates soon if the world’s largest economy continues on its current path, a voting member of the Fed said Tuesday. The remarks by Eric Rosengren, head of the Boston Federal Reserve Bank, came two weeks before the central bank is due to hold its next […]
Disgraced financier Jeffrey Epstein wrote a will two days before he died, putting his $578 million in assets into a trust with unnamed beneficiaries, the New York Post reported Monday well may have been in fear of his life as the possibility loomed of him being forced to testify against longtime pal Bill Clinton. Epstein, […]
Marmelo (Duke of Marmalade) started as the logical favourite in the 15 furlongs Darley Prix Kergorlay (Gr2), Sunday at Deauville. The Hughie Morrison-trained 6-year-old won the race at 4 in 2017 and finished second last year behind Holdthasigreen, who was not here this year. Ridden as usual in France by Christophe Soumillon, Marmelo once again made the […]
O’Lonhro has proven himself to be exceptional value in Victoria. Last week he produced a City double and has managed to creep up to 13th on the National Sires Tables. With 59% winners to runners and over $5.3m in the bank from 75 winners ($70,000 av) O’Lonhro’s numbers continue to outperform many Stallions on offer […]
The 2019 renewal of the Darley Prix Morny (Gr1), a juvenile 6 furlongs championship run this Sunday on the Deauville straight course, takes place this year for the 149th time. It is also the final stage of the Darley Series. The first two stages, the Darley Prix Robert Papin (Gr2) and the Darley Prix de Cabourg […]
The Darley Prix Jean Romanet (Gr1), on Sunday at Deauville, is open to aged mares over 1m2f. Created in 2004, the race is still young but it is part of a circuit promoting the best females in Europe, and its record already counts some champions like Pride, Satwa Queen (the only one who appears twice […]
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US retailers and global financial markets got an early Christmas present Tuesday as President Donald Trump’s administration announced it is delaying tariffs on key consumer electronic goods imported from China. And news that top US and Chinese trade officials spoke by telephone early Tuesday offered further signs of a possible letup in the trade war […]
Picturesque Larneuk has seen the 1st foal of the season born during wintry conditions in Victoria, Australia. A stunning colt by Cluster from the Canny Lad mare Gourmet Garage who is a half to 2 listed winners out of a listed winner Gourmet Garage gas already produced 3 winners from 4 starters. The resident Sire […]
Asian markets were mixed Monday with investors gripped by concerns about the US-China trade war after Donald Trump said he was prepared to walk away from next month’s planned talks. The president’s comments spooked US investors and added to the sense of pessimism across world trading floors after the White House last week announced fresh […]
Shares in Hong Kong’s flagship carrier Cathay Pacific plunged more than four percent on Monday, after Beijing banned airline staff supporting Hong Kong protesters from flights going through the mainland. Cathay shares lost 4.37 percent to HK$9.85 by the break in Hong Kong, with the carrier’s parent company Swire Pacific Ltd. plunging 5.26 percent to […]
Saudi state-owned energy giant Aramco said Monday its first half net income for 2019 had slipped to $46.9 billion, a first such disclosure for the secretive company ahead of its debut earnings call. “The company’s net income was $46.9 billion for the first half (of) 2019, compared to $53.0 billion for the same period last […]
Luxury fashion brands Versace and Coach have apologised for making perceived affronts to China’s national sovereignty on T-shirts, mistakes that cost them their high-profile Chinese brand ambassadors. Italy’s Dolce & Gabbana also apologised in November after its products were pulled from lucrative Chinese e-commerce platforms over an Instagram post seen by very few in China […]
Empty hotel rooms, struggling shops and even disruption at Disneyland: months of protests in Hong Kong have taken a major toll on the city’s economy, with no end in sight. City leader Carrie Lam has warned that the international financial hub is facing an economic crisis worse than either the 2003 SARS outbreak that paralysed […]
Facebook’s plan to hook ad-cash-deprived mainstream outlets on licensing payouts seems to be an attempt to hijack narrative control en route to total domination of the infosphere – the ultimate safe space, Zuckerberg-style. More than two thirds of American adults get their news from social media at the same time that more than half expect […]
Renovation work at Notre-Dame Cathedral in Paris could resume on August 19, a government official said Friday, after the clean-up was halted last month over fears that workers could be exposed to lead poisoning. Testing revealed dangerously high levels of lead contamination at the site as well as at nearby schools and other buildings, prompting […]
Apple lost more ground in the shrinking smartphone market last quarter, with a sales tracker saying the tech giant was pushed off the top-three seller list by a Chinese rival. Apple fell to fourth place in global smartphone sales, shipping 35.3 million iPhones in the second quarter compared to the 36.2 million units shipped by […]
China’s aviation regulator on Friday demanded that Cathay Pacific prevent airline staff who have shown support for pro-democracy protests in Hong Kong from working on flights to the mainland or routed through Chinese airspace. The regulator also ordered the city’s flag carrier to handover identity information of staff on mainland-bound flights starting Sunday — declaring […]
China’s economy already is slowing amid the trade conflict with the United States, but if Washington were to ramp up tariffs even further it could cut Chinese growth sharply, the IMF warned Friday. The International Monetary Fund already had trimmed its growth forecast for China to 6.2 percent this year, assuming no new tariffs are […]
Hong Kong’s flagship airline Cathay Pacific warned Wednesday that increasingly violent protests in the financial hub had hit booking demand. Announcing interim results that showed the airline in the black after huge losses in the first half of last year, chairman John Slosar warned of further impact to the business in response to both the […]
Industrial production in European powerhouse Germany fell back in June, official data showed Wednesday, adding to a picture of a eurozone suffering from trade wars and global uncertainty. Output at producer firms shed 1.5 percent in June from the previous month, federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, after […]
Longstanding warnings from economists of global spillover from the US-China trade war appear to be materialising, with a trio of central banks springing surprise rate cuts on Wednesday. The monetary policy moves in India, New Zealand and Thailand came as industrial production in European powerhouse Germany fell back in June, adding to uncertainty in the […]
Four former US Federal Reserve chairs published an essay on Monday advocating for the independence of the institution, which has been the target of recent criticism by President Donald Trump. Writing in The Wall Street Journal, the four living former Fed chiefs, Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen, defended the central bank […]
Global privacy regulators joined forces Tuesday to demand guarantees from Facebook on how it will protect users’ financial data when it launches its planned cryptocurrency, Libra. The watchdogs from Australia, the US, EU, Britain, Canada and other countries issued an open letter calling on Facebook to respond to more than a dozen concerns over how […]
Global privacy regulators joined forces Tuesday to demand guarantees from Facebook on how it will protect users’ financial data when it launches its planned cryptocurrency, Libra. The watchdogs from Australia, the US, EU, Britain, Canada and other countries issued an open letter calling on Facebook to respond to more than a dozen concerns over how […]
Asian markets slumped in morning trade Tuesday, tracking global losses after Wall Street suffered its worst sell-off of the year as investors fretted over US-China trade war fears. A sharp fall in the Chinese yuan’s value against the dollar — breaching the 7.0 level seen as a key threshold by investors — prompted US President […]
Peak-hour morning train travel and international flights in Hong Kong were thrown into chaos on Monday as pro-democracy protesters launched an attempted city-wide strike to ramp up pressure on the financial hub’s embattled leaders. Activists descended on key subway stations during the morning rush hour, deliberately keeping open doors to stop trains departing, causing long […]
With its main rival hobbled by the worldwide grounding of a top-selling jet, Europe’s Airbus could seem poised to emerge as the undisputed global aerospace leader. Airbus has overtaken the American giant Boeing in some key benchmarks in 2019. And the company is now better positioned to move quickly on a new jet product. Meanwhile, […]
With its latest financial results, Apple is showing it can move beyond the iPhone with gadgets and services that can help the California tech giant weather the slumping smartphone market. In the just-ended quarter, Apple took in less than half its revenue from the iPhone, the longtime cash and profit driver for the company, representing […]
The grounding of the 737 MAX for more than four months after two deadly accidents has tarnished Boeing’s reputation, but it still has the confidence of US policymakers. This is despite the fact that one of the MAX flight systems, the MCAS, has been cited in both accidents. Is this an indication that the American […]
A series of privacy missteps in recent months has raised fresh concerns over the future of voice-controlled digital assistants, a growing market seen by some as the next frontier in computing. Recent incidents involving Google, Apple and Amazon devices underscore that despite strong growth in the market for smart speakers and devices, more work is […]
US President Donald Trump vowed “substantial” retaliation against France on Friday for a tax targeting US tech giants, hinting he may slap tariffs on French wine and blasting President Emmanuel Macron’s “foolishness.” “France just put a digital tax on our great American technology companies,” Trump tweeted about the law, which targets US giants like Google, […]
President Donald Trump warned Friday that he would snub Apple’s requests for tariff exemptions on device components imported from China, as he put pressure on the tech company to shift production to the United States. “Apple will not be given Tariff wavers, or relief, for Mac Pro parts that are made in China. Make them […]
British Prime Minister Boris Johnson on Saturday said Brexit was a “massive economic opportunity” but had been treated under his predecessor Theresa May as “an impending adverse weather event”. In a speech in Manchester where he pledged new investment in Leave-voting areas, Johnson promised to step up negotiations on post-Brexit trade deals and set up […]
At 2.1 percent, the growth of US Real Gross Domestic Product during the second quarter of 2019 comes out better than expected. The weakness observed at the end of 2018 and early 2019, which was underlined by revised estimates for earlier quarters, has been wiped out especially by very strong consumption growth at 4.3 percent in […]
Enterprises in the United States, the world’s largest market for Internet of Things technology, are embracing the use of IoT, especially in the manufacturing, automotive and healthcare sectors, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2019 ISG Provider Lens™ IoT […]
Twitter shares rallied Friday after a second-quarter update showed better-than-expected revenues and a growth in users even as the social network cracks down on fake accounts and inappropriate content. The short-messaging service said profit rose to $1.1 billion, lifted by a one-time tax benefit, up from $100 million a year earlier. Excluding special items, profit […]
Boris Johnson has been selected as the new leader of the British Conservative Party and thus, the new prime minister of the UK. He will officially succeed outgoing PM Theresa May on Wednesday. Johnson won with 66.4 percent of the vote (92,153) to Hunt’s 33.6 percent (46,656). 139,318 votes were cast by Tory members with […]
Global trade tensions may have sapped growth for many firms, but luxury handbag maker Hermes said Tuesday it posted a double-digit rise in second quarter sales thanks in part to China. For the months of April through June the firm recorded a 14.7 percent increase in sales to 1.67 billion euros ($1.87 billion), beating the […]
Swiss banking giant UBS beat analyst expectations by posting a small increase in net earnings, with a rise in fees helping balance out a reduction in interest income. The one percent increase in second quarer net profits to $1.39 billion (1.24 billion euros) was accompanied by a similar dip in operating income to $7.53 billion […]
Eurozone banks are tightening the criteria firms and households must meet to be granted loans, the European Central Bank said Tuesday, as policymakers weigh their response to stuttering growth brought about by years of Socialist policy. Lenders upped their requirements of business borrowers and households seeking consumer credit between April and June, the quarterly poll […]
Italy’s anti-establishment Five Star Movement (M5S) has drafted a law aimed at preventing and treating the rising phenomenon of addiction to mobile phones and computers, particularly among the young. The bill seeks to treat so-called “no-mobile-phone phobia” (also known as “nomophobia”) or the fear of not being able to get regular access to social networks […]
Trading begins Monday on a new Nasdaq-style technology board in Shanghai that represents one of China’s most significant market reforms, and a potential weapon in its growing tech rivalry with the United States. Twenty-five stocks will debut on the Shanghai Stocks Exchange’s Sci-Tech Innovation Board — dubbed the STAR Market — in which listing and […]
Big US companies are accelerating efforts to move more of their supply chains from China to neighboring countries in light of Trump administration tariffs. Companies in sectors such as technology, clothing and footwear are exporting more goods from emerging giants including Vietnam and Malaysia, data show. At the same time, the shift has exposed the […]
A plunge in exports and the worst growth rates for a decade have fuelled concerns about the outlook for Singapore’s economy, with analysts saying the figures offer a warning that Asia is heading for a slowdown as China-US tensions bite. While it may be one of the smallest countries in the world, the export hub […]
Well known Miami Actress/Model Priscila Sales teamed up with Photographer Joe Matos to produce some of the hottest pics from Miami Swim week 2019. Priscila Sales has been a big success in Miami not only as one of the hottest Bikini Models but also featuring in a wide range of Music Videos featuring some of […]
Microsoft on Thursday posted quarterly earnings that trounced expectations, citing growth in partnerships with companies on technology and cloud computing services. The US technology titan, shifting in recent years to business services from consumer tech, reported its net income rose 49 percent to $13.2 billion on revenue that was up 12 percent to $33.7 billion. […]
People worldwide could be ingesting five grammes of microscopic plastic particles every week, equivalent in weight to a credit card, researchers said Wednesday. Coming mostly from tap and especially bottled water, nearly invisible bits of polymer were also found in shellfish, beer and salt, scientists and the University of Newcastle in Australia reported. The findings, […]
South Korea’s point man on North Korea on Sunday said now is the time to go all-out to create a positive atmosphere for a Washington-Pyongyang summit, despite uncertainty over whether there will be a breakthrough in the stalled U.S.-North Korea nuclear negotiations. Since the second summit between U.S. President Donald Trump and North Korean leader […]
China’s exports beat gloomy forecasts to rebound in May though imports sank more than expected as the trade war with the United States heats up, official data showed Monday. The spat between the world’s top two economies escalated last month, with President Donald Trump increasing tariffs on $200 billion in Chinese goods. But Chinese exports […]
National Research Group (NRG), a leading global insights and strategy firm with 40 years of media and entertainment expertise, released new findings around the global phenomenon Fortnite and what this means for the future of entertainment – in gaming and beyond (white paper linked here). In an era defined by immersive experiences, every brand must […]
