Classic Layout

Saudi pulls back with oil’s retreat, profit-taking resumes in Egypt

  Reuters Saudi Arabia’s stock market gave up early gains by the close on Tuesday as oil prices pulled back, while other Gulf bourses were mixed. Profit-taking pulled Egypt’ market lower after big gains this month. The Saudi index has soared over 25 percent — almost entirely erasing its losses this year — since the government’s $17.5 billion international bond ...

Read More »

European stocks diverge as oil slides before OPEC meet

  London / AFP European stock markets mostly rebounded on Tuesday but London extended losses as mining shares lost their shine, while oil prices slumped almost a dollar on the eve of a crucial OPEC meeting. Asian traders had earlier moved cautiously, with the recent Trump-fuelled rally in stocks subdued by profit-taking, uncertainty over a key vote in Italy at ...

Read More »

Tokyo stocks end lower as ‘Trump rally’ fizzles

  Tokyo / AFP Tokyo stocks ended lower on Tuesday as markets took a breather following a string of recent gains that propelled the benchmark index to its highest level in 11 months. Japanese shares advanced last week as the yen tumbled against the dollar on expectations that US interest rates will rise under President-elect Donald Trump’s administration. “Japanese stocks ...

Read More »

Intel to provide computing power for Delphi autonomous cars

  DETROIT / AP Auto parts and electronics maker Delphi Corp. has signed a deal with Intel to buy high-powered computer processors for Delphi’s future autonomous-vehicle systems. Delphi says Intel’s added computing capacity will be needed as autonomous-car systems gather and store more and more information while expanding their ability to deal with situations on real roads. In August, Delphi ...

Read More »

Shout in other languages through new Japan megaphone

  Bloomberg Japan’s obsession with keeping order and tech prowess has reached its natural conclusion with an intelligent megaphone that can issue commands in Chinese, English and Korean. Panasonic Corp. recently unveiled the device—essentially a smartphone paired with a handheld loudspeaker—betting that police, event organizers and transport staff seeking to control crowds will be eager to get their hands on ...

Read More »

Heaven and hull for kayaking monk

  Nagano / AFP Rising silently before dawn to slip on his monastic robes and begin the solemn duties of a Buddhist monk, Kazuki Yazawa is not your average Olympic athlete. Bowing his shaved head in prayer five times a day as part at the ancient Zenkoji Daikanjin Temple, Yazawa is so committed to his faith very few people would ...

Read More »

Art of carving ships’ figureheads

Harriersand / DPA Claus Hartmann works with enormous logs of up to 4 metres in length. First he traces out his design on the wood and then he takes a chainsaw and begins to cut out the head and shoulders of a figurehead for a ship. After a week of work in his garden on the river island of Harriersand ...

Read More »

Mubadala, HNA Group ink pact to expand collaboration

  ABU DHABI / WAM Mubadala Development Company and the HNA Group, a global Fortune 500 company specialising in tourism, logistics and financial services, signed a memorandum of understanding (MoU) to expand investment collaboration between the two sides. Following a series of senior leadership meetings in Abu Dhabi, the companies agreed to explore co-development and co-investment opportunities across a range ...

Read More »
Send this to a friend