The Fourth Industrial Revolution (4IR) will shape the world’s future. It has already dawned on us. The UAE is joining the World Economic Forum (WEF) to lead from the front as it ushers in the 4IR and gives fillip to technological advancements. While setting up the world’s first permanent policy council that will study and implement the plans of ...

  Russian President Vladimir Putin has been rather consistent lately in making it clear that senior officials were not immune from corruption charges. Yet Economy Minister Alexei Ulyukayev’s arrest in the wee hours of Tuesday still stands out. It raises questions about the future of Putin’s highly professional, technocratic economic team as well as one of the president’s closest associates, ...

  Pity the poor pension fund manager. Toward the end of October, there was finally a chance to add some yield to a European fixed-income portfolio by lending money to Austria for 70 years at a yield of 1.53 percent. The sale raised 2 billion euros ($2.2 billion); it could have fetched more than six times as much, given the ...

  There will be the temptation to see Hillary Clinton’s defeat as evidence that a woman can’t rise to the top. If we’re not careful, the dominant gender will whisper in the backroom, let’s not nominate one of them again. But it will happen, nonetheless —and thanks to Clinton. Just seeing her win her party’s nomination and triumph in three ...

  Reuters Stock markets in Saudi Arabia and Egypt continued pulling back on Tuesday after big rallies earlier this month, while some individual stocks in the United Arab Emirates and Qatar moved sharply after MSCI adjusted its indexes. The Saudi index, which had jumped 22 percent between mid-October and Sunday before profit-taking began on Monday, dropped 2.1 percent to 6,493 ...

  London / AFP Europe’s main stock markets forged higher on Tuesday as investors reacted to a surprise dip in British inflation and shrugged off slower-than-expected German economic growth. Britain’s annual inflation rate eased to 0.9 percent in October compared with 1.0 percent a month earlier, despite a Brexit-triggered slump in the pound lifting imported raw material costs for British ...

  CAIRO / Reuters OPEC nations embarked on a final diplomatic effort to secure a deal on oil cuts, with Qatar, Algeria and Venezuela leading the push to overcome the divide between the group’s biggest producers, according to a delegate familiar with the talks. The behind-the-scenes diplomacy comes after bilateral meetings over the weekend failed to resolve the rifts, leaving ...

Bloomberg Oil rebounded from the lowest close in eight weeks as OPEC nations were said to be making a final diplomatic effort toward securing a deal to curb production and stabilize prices. Futures rose as much as 2.6 percent in New York after falling 4.3 percent the previous three sessions. Qatar, Algeria and Venezuela are leading the push to finalize ...

  Bloomberg The oil market is “pretty pessimistic” about OPEC reaching a deal to cut production, BP Plc Chief Executive Officer Bob Dudley said. Oil prices will probably stay around current levels if the Organization of Petroleum Exporting Countries fails to implement the deal it reached in Algiers in September to limit output, Dudley said in an interview on Bloomberg ...

Bloomberg In Ocean’s Eleven, George Clooney’s gang inserts a recording into a casino security camera system so the guard sees only a video loop from the day before, camouflaging a heist from the safe. In a 2015 cyber attack on a Ukraine power plant, hackers did much the same, playing around for months with the electricity company’s network, disconnecting emergency ...