July, 2016

• 18 July

  African Union fails to elect new leader

  Kigali, Rwanda / AFP African heads of state meeting in Kigali failed on Monday to elect a new head of the African Union and will try again in January, an official said. Current AU Commission President Nkosazana Dlamini-Zuma was due to stand down but leaders were unable to agree on a successor to lead the executive branch of the continental ...

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• 18 July

  UK to keep ‘leading role’ in Europe: FM Johnson

  

    Brussels / AFP New British foreign minister and top Brexit backer Boris Johnson pledged on Monday Britain would continue to play a “leading role” in Europe as he met his European Union peers in Brussels for the first time. The normally ebullient Johnson was on his best behaviour after infuriating his partners in the run-up to last month’s referendum ...

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• 18 July

  PM May to visit Berlin, Paris in first foreign trip

    London / AFP Theresa May will visit Berlin on Wednesday in her first foreign visit as Britain’s new prime minister, Downing Street said, for talks with Chancellor Angela Merkel on the UK’s preparations to leave the EU. She will then head for Paris on Thursday for similar talks with French President Francois Hollande, and for discussions on counter-terrorism cooperation ...

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• 18 July

  In Lebanon, Syria refugees fear rising discrimination

    Beirut / AFP Syrian refugee Abu Adnan was rushing his newborn to the doctor one night in the Lebanese town of Rmeish when municipal police stopped him and began questioning him. He was in violation of a municipal curfew that prevents Syrian refugees from leaving their homes between sunset and sunrise. “They began questioning me — ‘Where are you ...

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• 18 July

  How social media helped defeat Turkish coup

  

    The attempted coup d’etat by a faction of Turkey’s armed forces on Friday failed for many reasons, including divisions among the military and repeated missteps by the plotters. Social media and mobile communications also played an important role. And it wasn’t the first time this combination has enabled citizens to express their will and have a say in deciding ...

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• 18 July

  Parenting China, the teenage power

    David Lai / Fred Gellert SPECIAL TO EMIRATES BUSINESS The events of the last year have seen a shift in Beijing’s relations with China’s neighboring states and the United States. New Chinese challenges to the international order such as assertions of territorial ownership, pronouncements of international initiatives, military build ups and maneuvering, and land creation in the South China ...

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• 18 July

  How much longer can Bangalore’s tech giants hide?

    Mihir Sharma Walk into a coffee shop in the southern Indian city of Bengaluru (formerly and more commonly known as Bangalore) and you’re likely to find it full of young people drawing up business plans or meeting with funders. You’d be forgiven for thinking the city — once a leafy and cool retirees’ paradise, now a gridlocked concrete jungle ...

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• 18 July

  Global markets resilient after Turkey turmoil as lira rebounds

  

    Bloomberg Financial markets showed signs of resilience following a failed coup attempt in Turkey, as the lira rebounded and U.S. stocks fluctuated near record highs. Haven assets including the yen and Treasuries fell. The S&P 500 Index swung between gains and losses after a third straight week of gains took the gauge to all-time highs as political tension in ...

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• 18 July

  Singapore Exchange mirrors NYSE in policing role

  

    Bloomberg Singapore Exchange Ltd. will house regulatory functions in a unit with its own board, following calls to separate the role. The subsidiary is expected to be set up by the second half of 2017 and will not add to the requirements of Singapore’s initial share sale process, Southeast Asia’s biggest bourse operator said in a statement on Monday. ...

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• 18 July

  Qatar, Dubai surge; rest of Middle East region restrained

  

    Reuters Qatar’s stock market surged as it broke major technical resistance and Dubai was boosted by real estate companies on Monday, while most Middle Eastern markets were held back by weak oil prices and uneven corporate earnings. The Qatari index gained 1.6 percent to 10,585 points, an advance on its December and March peaks at 10,490-10,502 points. Trading volume ...

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