May, 2017

• 9 May

  How Democrats lost way, and how they can find it

  

    In his heroically doomed 48-year campaign to promote The Washington Monthly, Charles Peters hit upon one especially apt (if un-catchy) slogan: “If you’re not afraid of being right too soon.” Peters founded his little magazine in 1969. From the start, he needled mainstream liberals about issues that weren’t getting enough attention at the time: income inequality, entrepreneurship, Wall Street’s ...

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• 9 May

  Want more Samsung goodies? Hope Moon wins S Korea presidential polls

  

    A victory for liberal candidate Moon Jae-in, the favourite in Tuesday’s presidential elections in South Korea, would end nine years of conservative rule, and may energize what Mirae Asset Daewoo Co.’s investment strategist Peter Kim calls the “Occupy chaebol” movement. For shareholders of Samsung Electronics Co., the shifting political winds could mean more dividends and share buybacks. Popular angst ...

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• 9 May

  To bury nuclear waste, dig deeper than Yucca Mountain

    Energy Secretary Rick Perry is right to say the U.S. needs a long-term solution to its massive nuclear waste problem. It also makes sense for Perry and some members of Congress to see Yucca Mountain as part of that solution — though many Nevadans promise to make sure it won’t be. But even if Yucca can survive the political ...

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• 9 May

  Election will clean up Venezuela’s mess

    Venezuela is slipping into chaos as President Nicolas Maduro called for the popular assembly last week in a fresh attempt to consolidate his hold on the nation. The opposition has refused to help draft a new constitution, calling the process fraudulent. The opposition coalition has accused Maduro of going against the country’s charter as any constitutional change requires the ...

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• 9 May

  Strongmen usher in age of undiplomatic diplomacy

  

    What happens when strongmen meet? We know that the world is slowly filling up with populist nationalists, from Manila to Washington. But how do they plan to deal with each other? Will they join forces against the sanctimonious, supra-national powers that dismay them all? Or will they compete, as erstwhile tough guys seem most comfortable doing? Perhaps we shouldn’t ...

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• 9 May

  Alipay’s US foray might be just good for Apple

  

    News that Alipay hooked up with First Data Corp. in the US may end up being more significant for both the Chinese fintech player and for Apple Inc. than Jack Ma’s $1.2 billion bid for an old-school payments provider, MoneyGram International Inc. In one swoop, the payments affiliate of Ma’s Alibaba Group Holding Ltd. gets access to 4 million ...

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• 9 May

  The long, hard and unprecedented fall of Sears

  

    In 1989, Sears Roebuck & Co. ruled America as its biggest retailer. It loomed over rivals from a perch high above Chicago, inside what was once the world’s tallest building—one bearing the company’s name. The fall from that height may finally be nearing an end. Over the course of almost three decades, the company experienced what industry observers described ...

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• 8 May

  DFM’s Q1 net profit hits AED102.34mn

  

    DUBAI / WAM The Dubai Financial Market Company (DFM) announced its financial results for the first quarter of the year ending 31 March 2017, reporting a net profit of AED102.34 million, 19% increase compared to AED86 million during the corresponding period of 2016. The company’s total revenue has grown by 18% to AED149.34 million in Q1 of 2017 compared to ...

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• 8 May

  Abu Dhabi expo hosts innovative projects by Emirati women

    ABU DHABI / WAM An annual exhibition organised by the Abu Dhabi Businesswomen Council opened on Monday to showcase the innovative projects launched by Emirati women entrepreneurs. Entrepreneurs from the UAE, Bahrain and Kuwait are participating in the exhibition held under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the ...

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• 8 May

  Emirates NBD first bank to utilise AECB scoring system

    DUBAI / WAM Emirates NBD announced it is the first bank in UAE to process loan or card applications utilising Al Etihad Credit Bureau Consumer Retail Banking Score. The AECB Consumer Retail Credit Bureau Score is the first scoring system for UAE’s retail banking customers, exclusively developed for risk prediction using historical data on repayment behaviour reported to Al Etihad ...

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