June, 2016

• 30 June

  Where are investors looking after UK’s exit? Anywhere but the UK

  

    Bloomberg Investors are setting their sights away from the U.K. in their search for markets less vulnerable to fallout from Britain’s vote to exit the EU. Amundi SA sees value in emerging-market rates, given that further central bank accommodation is possible after Brexit. While others appear to snub Europe altogether and turn to U.S. stocks, Indosuez Wealth Management favors ...

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• 30 June

  Brexit allies fall out in fierce battle to succeed Cameron

  

  London / AFP Brexit campaigner Michael Gove announced a surprise bid on Thursday to become Britain’s next prime minister, in a blow for his close ally Boris Johnson’s chances, as turmoil gripped both the country’s main political parties after the shock vote to leave the EU. The race for the leadership of the governing Conservative Party kicked off as impatient ...

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• 30 June

  Accomplice of key Paris attacks suspect charged

    Paris / AFP Hamza Attou, who helped key Paris attacks suspect Salah Abdeslam flee to Brussels, has been charged and taken into custody in France, the Paris prosecutor said on Thursday. The 22-year-old Belgian has been charged over his role in accompanying Abdeslam back to Brussels shortly after the IS-claimed attacks in the French capital on November 13 left 130 ...

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• 30 June

  Australia teen pleads guilty to plot to kill policeman

    MELBOURNE / AP A teenager pleaded guilty on Thursday to plotting to run over and behead a police officer as part of an IS group-inspired attack on an Australian Veterans’ Day ceremony. Sevdet Besim, 19, pleaded guilty in Victoria state’s Supreme Court to one count of planning for a terrorist act, which carries a maximum sentence of life in prison. ...

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• 30 June

  New Philippine president warns of rough ride

  

    Manila / AFP Authoritarian firebrand Rodrigo Duterte warned of a “rough ride” after being sworn in as the Philippines’ president on Thursday, promising a relentless war on crime and corruption, but also to be a unifying leader. Duterte, 71, won last month’s election in landslide after a campaign dominated by foul-mouthed threats to kill tens of thousands of criminals ...

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• 30 June

  Beijing to reject Hague ruling on South China Sea case

    Beijing / AFP Beijing will reject any ruling by an international tribunal in a contentious case brought by the Philippines over the South China Sea, the foreign ministry said, as tensions mount over the disputed waters. The United Nations-backed Permanent Court of Arbitration (PCA) said Wednesday it will rule on July 12 in a closely watched case challenging China’s ...

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• 30 June

  Malaysian opposition leader charged with corruption

  

    Kuala Lumpur / AFP A vocal critic of Malaysian Prime Minister Najib Razak was charged with corruption on Thursday in a further blow to the divided opposition, which alleged that the case was politically motivated. Lim Guan Eng, who has repeatedly demanded that Najib explain a massive financial scandal that engulfed his administration last year, appeared in the High ...

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• 30 June

  8 killed as fire guts pharmacy in India

    Mumbai / AFP Eight people were killed when a fire gutted a pharmacy in India’s financial capital Mumbai on Thursday, police said. One other person was seriously injured in the blaze, which broke out early Thursday morning, Mumbai police spokesman Ashok Dudhe said. “The primary reason for the fire seems to be a short circuit. But officials will have ...

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• 30 June

  Much food goes to trash during Ramadan

  

    Sunaina Rana / Emirates Business The holy month of Ramadan brings in lots of joy. However, the season also witnesses an increased rate of food wastage. It is estimated that the over 50 percent of food is wasted every day during the period. According to Ivano Lanelli, CEO of Dubai Carbon Centre of Excellence, “Food wastage is generated across ...

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• 30 June

  ADFD holds lecture on importance of loyalty to homeland

  

    Abu Dhabi / Emirates Business In keeping with the spirit of the Holy Month of Ramadan, Abu Dhabi Fund for Development (ADFD) hosted a lecture delivered by Omar Habtoor Al Darei, Director of Fatwa Department at the General Authority of Islamic Affairs and Endowments, on the importance of loyalty and belongingness to one’s homeland. In his lecture, Al Darei ...

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