July, 2016

• 17 July

  TRA opens 2nd Summer Innovation Camp

  

    Dubai / WAM The UAE Telecommunications Regulatory Authority (TRA) on Sunday opened the 2nd edition of its ‘Summer Innovation Camp,’ a month-long initiative that will run until August 18th. The initiative has been designed to cultivate the spirit of innovation and creativity among young Emiratis, while also teaching them more about the local telecommunications and information technology sectors through ...

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• 17 July

  The Trump treatment

  

  WASHINGTON The Republican National Convention in Cleveland this week ought to be interesting, but whether it will be informative is another question. Barring a last-minute surprise, the delegates will nominate real estate magnate Donald Trump to be the GOP presidential candidate, and he will pledge — probably repeatedly — to “make America great again.” Just how he plans to do ...

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• 17 July

  Tough task ahead for ECB

    The European Central Bank’s (ECB) decision-making governing council will on Thursday, a month after the Brexit, assess market turmoil shock triggered by the Leave vote. Though volatility has subsided, it is widely believed that the extent of economic damage is still unclear. ECB President Mario Draghi and his colleagues look forward to an uphill task to decide what to ...

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• 17 July

  Learning to live with terror, in France and beyond

    Eli Lake After the horror at Nice, perhaps the most depressing comment came from France’s prime minister. Calling for unity in the face of terror, Manuel Valls observed: “Times have changed, and we should learn to live with terrorism. We have to show solidarity and collective calm.” If this sounds like resignation, it shouldn’t. Valls is no squish. After ...

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• 17 July

  The South China Sea ruling: Who really won?

  On July 12, the Permanent Court of Arbitration (PCA) at The Hague handed down its long-awaited ruling on a case brought by the Philippines against China regarding the South China Sea. Judging by the international reactions to the ruling so far, the consensus (outside China at least) has been that this is “a huge win“ for the Philippines and a ...

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• 17 July

  China’s economy gets boost from property, construction

  

  Bloomberg China’s real estate sector grew faster than the overall economy in the second quarter as new home purchase restrictions in the biggest cities failed to deter buyers. Economic output by real-estate brokers surged 8.8 percent from a year earlier in the April-to-June period, while construction activities jumped 7.3 percent, data from the National Bureau of Statistics showed this week. ...

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• 17 July

  Canadian housing markets won’t prevent rate cut

  

    Bloomberg Soaring home prices in Vancouver and Toronto won’t keep the Bank of Canada from cutting rates to stimulate the economy, if it comes to that. That’s the takeaway from an interview Bank of Canada Governor Stephen Poloz gave the Wall Street Journal after the release of the central bank’s policy decision, in which it left its benchmark rate ...

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• 17 July

  Blackstone to buy 32% stake in Carnegie

  

    Bloomberg Blackstone Group LP agreed to buy a 32 percent stake in Swedish residential landlord D. Carnegie & Co. AB from three of the company’s biggest shareholders. Blackstone, through its subsidiary Vega Holdco Sarl, will acquire the shares in the Stockholm-based company for 100 Swedish kronor ($11.8) each, Blackstone said in a statement this week. This will give the ...

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• 17 July

  Canam Group drops on unexpected plan cost

    Bloomberg Canam Group Inc. fell the most in 20 months after the Canadian construction company announced an extra C$32 million ($25 million) expense due to revised cost estimates for one of its projects. Canam, builder of the retractable roof for the Arthur Ashe Stadium in New York, plunged as much as 12 percent, the most since October 2014, to ...

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• 17 July

  Billionaire’s small buildings making big money in NY

  

    Bloomberg Axel Stawski is not the kind of real estate mogul who boasts about the size of his towers. The developer owns six Manhattan office buildings, one of the largest being 565 Fifth Ave., a 380,000-square-foot (35,000-square meter) property completed in 1993 on the corner of 46th Street. At 30 stories, it’s not one of New York’s tallest skyscrapers. ...

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