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STC to invest United States dollars 100 mln for 10% of Careem taxi app

The board of government-controlled Saudi Telecom Co (STC) has approved the investment of $100M in the ride-hailing app Careem, Reuters reports. Auto booking apps are popular in Saudi Arabia, particularly among women who are banned from driving in the kingdom.

Business

Beijing Welcomes Philippines' Stance on South China Sea Dispute

The Philippine president's comments are in response to a U.S decision to scrap a major aid package over human rights concerns. "If you want, let's just develop the oil there, we can share", he said in a speech to government employees, referring to China.

Business

BP Awarded Abu Dhabi Concession as Emirate Gets 2% BP Stake

The British company said the new shares will be priced at 447 pence a share. Treasury shares are not taken into consideration in relation to voting at shareholder meetings. "We look forward to working with value-add partners that share a mutual interest in advancing the industry and applying innovative technology that improves operational efficiency and recovery".

Business

Private No Longer: Ukrainian Government Nationalizes Leading Lender PrivatBank

The bank controls one third of Ukraine's deposits and also has branches in Baltic countries. In the case of PrivatBank , a respected Western firm that is well known to the EBRD will be advising the Ukrainian authorities in the bank's management and transformation, the bank said.

Business

Two more RBI officials held

Commenting on the arrest of Michael K, Deputy RBI governor SS Mundra told the media that "let me clarify that it was a junior functionary of the RBI and it was reported by the investigating agency that he was recorded to be present in a bank branch where some suspected transaction was happening".

Business

Adrian Peterson (knee) set to return for Vikings on Sunday

We're talking a ceiling of 10 Fantasy points. Not to mention, Peterson said he'd only play if Vikings were in playoff contention and I expect Peterson to go off with that elusive postseason berth on the line. Sunday's contest was three months to the day that Peterson suffered a torn meniscus against the Green Bay Packers on September 18. Minnesota has dealt with injuries along the offensive line, too, with starting tackles Matt Kalil and Andre Smith out for the season.

Business

Heavy smog disrupts traffic in north China

Red alerts are issued when the air quality index (AQI), a measure of pollutants in the air, is forecast to break 200 for more than four days in succession, surpass 300 for more than two days or overshoot 500 for at least 24 hours. The capital issued its first ever red alert a year ago in December since the adoption of an emergency response programme for air pollution in 2013, despite frequent bouts of serious smog.

Business

Moeen Ali's unbeaten ton lifts England in Chennai Test

Despite a reprieve early in his innings - K.L. Rahul mistimed his jump at mid-on to drop him at zero - Ali shone with his dogged resilience and grew in confidence to script an unbeaten knock of 120 in 222 balls. Patel scored 71 runs , facing 112 balls and hitting four fours. Rahul started the day with a bang, smashing Liam Dawson back over his head for two large sixes before the morning was even 20 minutes old.

Business

Snyder eyes Flint water summit, 2017 agenda

District Judge David Lawson. "Compliance with the order only requires that the State Defendants deliver bottled water to homes until they ensure that a home has a properly installed and maintained water filter, or if the residents opt-out of the delivery service".

Business

Get ready for a republic, says Australian PM

However, he is clear that this should only take place after the Queen's reign ends. "The less highly political the Republican movement is, the broader its supporter base will be", Turnbull said. 'If someone shamelessly lies and does so quite deliberately knowing they are intending to deliberately mislead people and targeting the most vulnerable parts of the community, the people most likely to be frightened, that is shameless and it should be called out, ' the Opposition Leader said, ...

Business

Global shares meander after Fed rate hike, dollar steady

US shares looked set for a tepid start, with S&P 500 futures flat and Dow futures up 0.1 percent. The US dollar has been chief beneficiary of the Fed's rate hike, especially after it flagged it would step up the pace of rate increases, as higher rates leads investors to pour into US dollar assets.

Business

Shorthanded Lakers stay competitive in 119-108 loss to Cavaliers

Days after Westbrook said he was exhausted of the talk about his streak of seven straight triple-doubles - which ended last weekend - he was at it again, pouring in 26 points with a career-high 22 assists and 11 rebounds. Though Cleveland (19-6) secured the win by scoring nine points and holding the Lakers to one field goal since then, the Lakers provided flashes of their former self before their previous eight-game losing streak.

Business

Paying Respects To John Glenn At Statehouse Rotunda

Biden said Glenn "defined what it meant to be an American". "He knew by his upbringing that ordinary Americans can do extraordinary things". John Glenn, a former OH senator who was better known around the world as the first American to orbit Earth in 1962, died December 8, aged 95.

Business

Icy roads, accidents reported throughout region. Dulles suspends operations

Interstate 95 Traffic was rerouted in both directions Saturday morning due to the wreck. As of 9:39 a.m., the D.C. bus system was suspended until further notice due to unsafe road conditions. One fatality was reported after a crash on I-495 in Fairfax County, according to CNN. We're told MDOT's State Highway Administration ('SHA') and the Maryland Transportation Authority ('MDTA') staff and contract forces have also been responding overnight with 1,200 pieces of equipment and 380,000 ...

Business

Three-year-old boy dies in Arkansas road rage shooting

The other driver honked his horn, and King-Macon honked back, the police report said . A three-year-old boy who was being taken on a shopping trip by his grandmother was killed in a road rage shooting when a driver opened fire on the grandmother's vehicle because she "wasn't moving fast enough at a stop sign ", police said.

Business

China's top diplomat to visit Britain amid Brexit uncertainty

Dr Fox insisted Brexit was not like a "boiled egg" and there were more options than going for either a hard or soft withdrawal from the EU. Critically being in the customs union would force Brexit Britain to accept EU tariffs on any trade deals struck with other a country outside the bloc.

Business

Ukraine's government nationalizes one of country's largest banks

The bank controls one third of Ukraine's deposits and also has branches in Baltic countries. The bank belonged to Igor Kolomoyskiy - a politically powerful billionaire who became an early target of Ukrainian President Petro Poroshenko's uphill fight against corruption, and Gennady Bogolyubov .

Business

Pentagon: China to return seized drone as Trump reacts on Twitter

China claims more than 80 percent of the South China Sea, where it has constructed artificial reefs and built up its military presence - a trend that Trump has previously referenced on Twitter. U.S. experts, however, said the drone might have been created to help follow China's submarine buildup, a critical part of the country's growing naval strength as it seeks unfettered control of the South China Sea and unimpeded access to the Pacific and Indian oceans.

Business

Atlas V rocket launches from Cape Canaveral

Well, the probe responsible will be placed in the geosynchronous orbit, which is a super high orbit above the Earth and is approximately 22,000 miles up! The Atlas V rocket (designated AV-071) will be carrying the EchoStar 19/Jupiter 2 communications satellite.

Business

Japan, Russia agree on economic ties; stalemate on territory

For Putin, the summit meeting was his first official visit to a G-7 country since Russian Federation annexed Crimea in 2014. "From my father (former Foreign Minister Shintaro Abe - TASS) I learnt that when you solve any problem there is the need to approach it with honest and serious intentions, and at talks with a partner you also need to have decisiveness and determination to communicate sincerely and seriously", Abe said.

Business

US home construction fell in November after October surge

WASHINGTON―New US home construction fell precipitously in November after a spike in October, but a big drop in condos and apartments helped drive the move, the Commerce Department reported Friday. Treasury note has risen. A report from the National Association of Homebuilders released Thursday showed that homebuilders' confidence in market conditions surged to an 11-year high post-election.

Business

Venezuela extends use of 100-bolivar bill until January 2

Maduro told a cabinet meeting that over the next few days, the Central Bank of Venezuela (BCV) will circulate 327 million units of 50 bolivar bills, and 65 million units of a new 500 bolivar note, after deciding to take the 100 bolivar bill out of circulation.

Business

IT Dept seizes Rs. 66 lakh cash in new notes in Hyderabad

During the course of the raid, the officials seized a total of Rs 70 lakhs where Rs 50 lakhs were in the denomination of Rs 500 and Rs 1000 notes . According to IT sources, the team had intercepted certain persons who ran into a nearby apartment.

Business

Environment Canada has issued a snowfall warning for much of Wellington County

And for December 18, 10.2 cm in 1969 and 34 cm in 2007. The regions are under a snowfall warning. Travel may be hazardous due to sudden changes in the weather. "Already the road ways in and around the GTA in the areas that have already been affected by the band have seen traffic slowdown, very poor visibility and a combination of snow and blowing snow in some areas".

Business

Amazon makes drone delivery history

Despite the prospect of half-hour deliveries, some have claimed that the company's drones could be hacked and hijacked. In an effort to load Prime with more Amazon-specific services and deals, Amazon is developing Prime Air - a delivery system created to get packages to customers in 30 minutes or less using unmanned aerial vehicles (aka drones ).

Business

Blac Chyna leaves Rob Kardashian following Instagram account hack

Those keeping up with Kardashian-to-be Blac Chyna may have noticed suspicious activity on her Instagram this evening (Dec. 17). He added , "I thought this was going to be the best year of my life, had a lovely baby Dream and haven't spent Christmas with family in years and I just can't believe she really hurt me this way".

Business

Sarepta Therapeutics Inc (NASDAQ:SRPT) & Applied Materials, Inc. (NASDAQ:AMAT)

Alliancebernstein L P has invested 0% of its portfolio in Sarepta Therapeutics Inc (NASDAQ:SRPT). Investment analysts at Wedbush reduced their Q3 2017 earnings per share estimates for Stemline Therapeutics in a report released on Tuesday.

Business

Michael Sheen is quitting acting to get political

Sheen is known for a variety of hits including " Frost/Nixon ", "The Queen", " Midnight in Paris ", "Kingdom of Heaven" and "Nocturnal Animals". Los Angeles-based actress and comedienne Sarah Silverman would survive the transition. "How I was going to do it emerged over time , and was a lot to do with listening rather than telling", he explained, adding that Trump's victory in the US presidential election but a "massive urgency" on his decision to return home.

Business

India, Tajikistan to step up anti-terror, defence cooperation

Modi stated that he and Emomali Rahmon, President of the Republic of Tajikistan, have agreed to increase the "scope and scale of our economic engagement especially trade and investment traffic" between the two nations. The two countries on the day inked four pacts including one concerning exchange of financial intelligence related to money laundering, related crimes and financing of terrorism.

Business

Banks lead European shares higher after Fed, EDF slumps

The dollar approached a 13-year high against the euro as the prospect of a steeper path for United States interest rates next year filtered through markets. Britain's pound fell 0.7 per cent against the USA currency after the BoE said its inflation target is more attainable than previously predicted. "The market is still in the process of pricing in the new expectations laid out by the Fed's dot plots which suggest now three rate hikes in 2017 up from the previous expectation of two", ...

Business

Google launches Android Things OS for IoT devices

But probably the project has failed to grab the developer's attention. The search giant, Google has been vigorously expanding its Android platform to cover the range of smartphones. Being an open system, the OS will also encourage interoperability. Finally, we're also working towards merging Weave and Nest Weave to enable all classes of devices to connect with each other in a secure and reliable way.

Business

What are analysts Suggestions on: National Retail Properties, Inc. (NYSE:NNN)

Sell-side brokers are predicting that the firm will post $0.68 for the quarter ending on 2016-12-31. Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The business's revenue was down 4.3% on a year-over-year basis. Previously on 11/18/2016, Zacks Investment Research reported on Retail Properties of America Inc (NYSE:RPAI) increased the target price from $0.00 to $17.00.

Business

FBI, CIA: Russia hacks aimed to boost Trump

In his final press briefing of the year Friday, President Barack Obama slammed Russian Federation and its leader, Vladimir Putin, for attempting to meddle in the USA election. "I think it's just another excuse". A second intelligence source tells NPR that media reports from a week or so ago saying there was a gulf between the CIA and the Federal Bureau of Investigation position on the hack were overblown.

Business

Singapore jails second BSI banker on charges linked to 1MDB probe

Levying a fine on the "well-heeled" like Seah isn't a sufficient deterrent, prosecutor Nathaniel Khng said in seeking the prison term. Pleaded guilty to three charges of aiding in forging documents and failing to report suspicious transactions.

Business

After A Long Fight, New Rules Defend Small Farmers. For Now

We believe the rules are necessary to meet the expectations that consumers have when they purchase organic products. Vilsack responded to concerns from the other livestock sectors stems from the proposed rules in 2010 and what was considered normal business practices and whether contracting with a processing would now be considered unacceptable.


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