Authors Posts by BenArmani

BenArmani

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Quarterly reports next week from Walt Disney Co, CBS and Viacom will likely highlight increasing competition in video streaming and could spark volatility in the so-called communication services sector, which has outperformed since it was overhauled last year. The S&P 500 communication services index has increased 20% so far in 2019, beating the S&P 500’s 17% gain and all but...
The rouble plunged the most since May and Russian borrowing costs jumped after Donald Trump signed an executive order authorising a second round of US sanctions as punishment for a 2018 nerve-agent attack in the UK. The executive order, released by the White House late Thursday, includes curbs to international financing and US bank loans, though it wasn’t immediately clear...
Singapore says it has an understanding with the US that the city state doesn’t take advantage of privileges that come with “developing country” status in the World Trade Organisation. In response to a tweet last week from US President Donald Trump accusing countries of abusing that status, and ordering his top trade negotiator to take action, Singapore’s Minister for Trade...
India will step up oil and gas imports from the US as the third-biggest oil consumer looks to diversify its supply sources and secure energy for its 1.3bn people. “When we came to power in 2014, we were not taking any energy from the US and last financial year it was $6bn,” India’s Oil Minister Dharmendra Pradhan said at the...
The only major Asian economy that’s grown its export share since the start of the tariff wars in 2018 is the one with the fewest trade links to China. India’s share of world exports rose to 1.71% in the first quarter of 2019 from 1.58% in the fourth quarter of 2017, data compiled by Bloomberg show. The share of every other...
Four college girls drowned in a raging waterfall in Navi Mumbai yesterday as the entire coastal Maharashtra experienced torrential rains. The region went on a high alert for the next 72 hours, officials said. Three teenaged students – Arti Nair, Neha Dama and Shweta Nand, students of SIES College in Nerul, Navi Mumbai – who skipped lectures for an impromptu picnic...
Thousands of tourists and students scrambled to get places on planes and buses leaving Kashmir yesterday after the Indian government warned of the threat of “terror” attacks. Thousands of military reinforcements were arriving in the state, where a three-decade old insurgency has left tens of thousands of dead. The Jammu and Kashmir state government said late Friday that tourists should leave...
Residents of the Derbyshire town that was evacuated after a dam threatened to burst have been allowed back into their homes for short, “controlled” visits to pick up pets and other essentials. Derbyshire police took the “difficult” decision to allow one person from each of the 400 Whaley Bridge properties evacuated on Thursday to return for a 15-minute visit yesterday. At...
Anti-fascist counter-protesters declared that Tommy Robinson supporters “can’t march unopposed”, as opposing demonstrations were kept apart by police in central London yesterday. Singing “We want Tommy out”, hundreds of supporters of the jailed far-right activist congregated at Oxford Circus under strict conditions imposed by the Metropolitan police which limited the groups to specific areas and a certain time period. However, those...
A ban by the Nigerian authorities on a prominent Shia movement for “terrorism” has driven fears of a worsening crackdown that could ignite a new conflict. The government announced last weekend the outlawing of the Islamic Movement in Nigeria (IMN) after protests demanding the release of detained its leader Ibrahim Zakzaky descended into bloodshed. The move has inflamed a long-running standoff...
Twelve people were ordered to undergo testing for possible Ebola infection in Goma in DR Congo yesterday, only days after three patients in the densely populated city tested positive for the disease, the country’s presidency said. “A total of 12 people from various centres on the outskirts (of Goma) are undergoing testing after the response team triggered the alert protocol,”...
The misery and hope of the city of Baltimore are on display at the corner where 40-year-old Levar Bailey was shot dead. As part of a ‘Ceasefire’ weekend that began on Friday, activists marched to the Park Avenue corner and other sites in Baltimore’s downtown to remember victims of violence in a city with one of the highest murder rates...
Hong Kong riot police fired repeated teargas rounds yesterday evening at pro-democracy protesters in a popular tourist district, as violence rocked the international finance hub once more despite increasingly stern warnings from China. The semi-autonomous southern Chinese financial hub has seen two months of protests and clashes triggered by opposition to a planned extradition law that quickly evolved into a...
A new opposition party backed by the estranged brother of Singapore’s prime minister was launched yesterday in a fresh challenge to the government as speculation mounts elections could be called soon. The Progress Singapore Party (PSP) – aiming to contest an election due by 2021 but widely expected earlier – is led by Tan Cheng Bock, a medical doctor and...