Best photos of July 27: Wildfire in Bursa to UFC fight night in Abu Dhabi
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
8 minutes ago
- Zawya
Dollar holds losses on US economy concerns, Fed appointments
TOKYO: The dollar remained lower against major peers on Thursday, as expectations of Federal Reserve rate cuts grew and concerns swirled about partisanship creeping into key U.S. institutions. Initial jobless claims in the United States are under scrutiny after last week's disappointing nonfarm payrolls, which triggered a slide in the greenback. Meanwhile, the euro found support ahead of anticipated talks next week to end the war between Russia and Ukraine. Last week, President Donald Trump fired the official responsible for the labour data he did not like, and focus is centring on his nomination to fill a coming vacancy on the Fed's Board of Governors and candidates for the next chair of the central bank. "All those things suggest that we're seeing those political risks around the U.S. dollar increase, and on top of that you've got the weak data coming through," said Tony Sycamore, a market analyst at IG. Any progress in ending the war in Ukraine "is going to be a positive driver of the euro," he added. The dollar index, which measures the greenback against a basket of major peers, edged up 0.1% to 98.259 in early trade in Asia, after a 0.6% slide in the previous session. The U.S. currency was little changed at 147.36 yen. The euro stood at $1.1654, down almost 0.1% after a 0.7% jump previously. The U.S. Labor Department is expected to report that initial claims for unemployment benefits likely rose by 3,000 to 221,000 for the week ended August 2. Continued jobless claims for the week that ended July 26 are expected to increase slightly. Data last Friday showed U.S. employment growth was weaker than expected in July while the nonfarm payrolls count for the prior two months was revised down considerably, suggesting a sharp deterioration in labour market conditions. Fed funds futures traders are now pricing in a 94% probability of a 25 basis point cut at the Fed's September meeting, up from 48% a week ago, according to the CME Group's FedWatch Tool. In total, traders see 60.5 basis points in cuts this year. Trump could meet Russian leader Vladimir Putin as soon as next week, a White House official said on Wednesday, as the U.S. kept up pressure on Moscow to end the war in Ukraine. The president said on Tuesday he would decide on a nominee to replace outgoing Fed Governor Adriana Kugler by the end of the week and had separately narrowed the possible replacements for Fed Chair Jerome Powell to a short list of four. Sterling was steady at $1.33505. The Australian dollar was little changed at $0.65.
Middle East Eye
3 hours ago
- Middle East Eye
Trump freezes $584m in funding for California university over Gaza protests
The Trump administration has frozen $584m in federal funding for the University of California, Los Angeles (UCLA), the institution said on Wednesday, after the government reprimanded the university over pro-Palestinian protests. The Trump administration has threatened to cut federal funds for universities over pro-Palestinian protests against U.S. ally Israel's war in Gaza. The government alleges universities, including UCLA, allowed antisemitism during the protests. Large demonstrations took place at UCLA last year. Protesters, including some Jewish groups, say the government wrongly equates their criticism of Israel's military assault inGaza and its occupation of Palestinian territories with antisemitism, and their advocacy for Palestinian rights with support for extremism. - Reporting by Reuters
The National
8 hours ago
- The National
Apple to announce new $100bn investment in US manufacturing
Apple was set to announce plans on Wednesday to invest another $100 billion in US manufacturing, as the iPhone maker seeks to avoid President Donald Trump's tariffs. The new commitment would bring its total pledge to invest in the US to $600 billion over the next four years. The company pledged in February to invest $500 billion and hire 20,000 workers. The investment was also expected to include moving towards assembling more critical components in the US, Reuters reported, quoting a White House official. The announcement comes after Mr Trump threatened to hit the Big Tech giant with a 25 per cent tariff for making its flagship devices outside the US. Apple shares were 5.91 per cent higher at $214.92 during afternoon trading. In the company's earnings call last week, Apple chief Tim Cook told investors that it had taken a hit of about $800 million from tariff-related costs last quarter and about $1.1 billion this quarter. Mr Cook told analysts during the call that the 'vast majority' of iPhones sold in the US come from India. Most other Apple products such as MacBooks and iPads that are sold in the US are made in Vietnam, he said. 'We obviously try to optimise our supply chain,' Mr Cook said at the time. 'And ultimately, we will do more in the United States.' Apple had planned this year to switch its assembly for all US-destined iPhones from China to India to avoid the escalatory tariffs Mr Trump had placed on Beijing. During his visit to Qatar this year, Mr Trump said there was 'a little problem' with Apple and recalled a conversation he had with Mr Cook in which the President said he did not want the company building in India. India has lately been in Mr Trump's crosshairs. The President on Wednesday imposed a 25 per cent tariff on New Delhi for buying Russian oil. The new tariff, due to take effect in three weeks, comes on top of a previously announced 25 per cent tariff that was set to be implemented on Wednesday. Mr Trump has accused the country of indirectly or directly buying Russian oil. India condemned the latest action as 'unfair, unjustified and unreasonable'. MATCH INFO Uefa Champions League semi-finals, second leg: Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE Game is on BeIN Sports What can victims do? Always use only regulated platforms Stop all transactions and communication on suspicion Save all evidence (screenshots, chat logs, transaction IDs) Report to local authorities Warn others to prevent further harm Courtesy: Crystal Intelligence Fixtures (6pm UAE unless stated) Saturday Bournemouth v Leicester City, Chelsea v Manchester City (8.30pm), Huddersfield v Tottenham Hotspur (3.30pm), Manchester United v Crystal Palace, Stoke City v Southampton, West Bromwich Albion v Watford, West Ham United v Swansea City Sunday Arsenal v Brighton (3pm), Everton v Burnley (5.15pm), Newcastle United v Liverpool (6.30pm) Brief scoreline: Toss: South Africa, elected to bowl first England (311-8): Stokes 89, Morgan 57, Roy 54, Root 51; Ngidi 3-66 South Africa (207): De Kock 68, Van der Dussen 50; Archer 3-27, Stokes 2-12 Messi at the Copa America 2007 – lost 3-0 to Brazil in the final 2011 – lost to Uruguay on penalties in the quarter-finals 2015 – lost to Chile on penalties in the final 2016 – lost to Chile on penalties in the final Moon Music Artist: Coldplay Label: Parlophone/Atlantic Number of tracks: 10 Rating: 3/5 Company%20profile %3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Envi%20Lodges%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3ESeptember%202021%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Noelle%20Homsy%20and%20Chris%20Nader%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%0D%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Hospitality%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%20to%2015%0D%3Cbr%3E%3Cstrong%3EStage%20of%20investment%3A%20%3C%2Fstrong%3ESeries%20A%3C%2Fp%3E%0A Benefits of first-time home buyers' scheme Priority access to new homes from participating developers Discounts on sales price of off-plan units Flexible payment plans from developers Mortgages with better interest rates, faster approval times and reduced fees DLD registration fee can be paid through banks or credit cards at zero interest rates Revival Eminem Interscope Awar Qalb Director: Jamal Salem Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman Two stars Global state-owned investor ranking by size 1. United States 2. China 3. UAE 4. Japan 5 Norway 6. Canada 7. Singapore 8. Australia 9. Saudi Arabia 10. South Korea The Word for Woman is Wilderness Abi Andrews, Serpent's Tail Dhadak 2 Director: Shazia Iqbal Starring: Siddhant Chaturvedi, Triptii Dimri Rating: 1/5 Our legal consultant Name: Dr Hassan Mohsen Elhais Position: legal consultant with Al Rowaad Advocates and Legal Consultants. Panipat Director Ashutosh Gowariker Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman Rating 3 /5 stars The National's picks 4.35pm: Tilal Al Khalediah 5.10pm: Continous 5.45pm: Raging Torrent 6.20pm: West Acre 7pm: Flood Zone 7.40pm: Straight No Chaser 8.15pm: Romantic Warrior 8.50pm: Calandogan 9.30pm: Forever Young Company%C2%A0profile %3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ETuhoon%0D%3Cbr%3E%3Cstrong%3EYear%20started%3A%20%3C%2Fstrong%3EJune%202021%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%20%3C%2Fstrong%3EFares%20Ghandour%2C%20Dr%20Naif%20Almutawa%2C%20Aymane%20Sennoussi%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Ehealth%20care%0D%3Cbr%3E%3Cstrong%3ESize%3A%20%3C%2Fstrong%3E15%20employees%2C%20%24250%2C000%20in%20revenue%0D%3Cbr%3EI%3Cstrong%3Envestment%20stage%3A%20s%3C%2Fstrong%3Eeed%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EWamda%20Capital%2C%20Nuwa%20Capital%2C%20angel%20investors%3C%2Fp%3E%0A BABYLON %3Cp%3EDirector%3A%20Damien%20Chazelle%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Brad%20Pitt%2C%20Margot%20Robbie%2C%20Jean%20Smart%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A The specs Engine: 3.9-litre twin-turbo V8 3.9-litre twin-turbo V8 Power: 640hp 640hp Torque: 760nm 760nm On sale: 2026 2026 Price: Not announced yet Ferrari 12Cilindri specs Engine: naturally aspirated 6.5-liter V12 Power: 819hp Torque: 678Nm at 7,250rpm Price: From Dh1,700,000 Available: Now Conflict, drought, famine Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024. It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine. Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, 'several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu's government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages]. The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a 'biblical famine' and containing graphic images of thousands of people, including children, facing starvation. Band Aid Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts. With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it's Christmas in December 1984, featuring a string of high-profile musicians. Following the single's success, the idea to stage a rock concert evolved. Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world. The combined event was broadcast to an estimated worldwide audience of 1.5 billion. Tenet Director: Christopher Nolan Stars: John David Washington, Robert Pattinson, Elizabeth Debicki, Dimple Kapadia, Michael Caine, Kenneth Branagh Rating: 5/5 Sweet%20Tooth %3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3EJim%20Mickle%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EChristian%20Convery%2C%20Nonso%20Anozie%2C%20Adeel%20Akhtar%2C%20Stefania%20LaVie%20Owen%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A Schedule for Asia Cup Sept 15: Bangladesh v Sri Lanka (Dubai) Sept 16: Pakistan v Qualifier (Dubai) Sept 17: Sri Lanka v Afghanistan (Abu Dhabi) Sept 18: India v Qualifier (Dubai) Sept 19: India v Pakistan (Dubai) Sept 20: Bangladesh v Afghanistan (Abu Dhabi) Super Four Sept 21: Group A Winner v Group B Runner-up (Dubai) Sept 21: Group B Winner v Group A Runner-up (Abu Dhabi) Sept 23: Group A Winner v Group A Runner-up (Dubai) Sept 23: Group B Winner v Group B Runner-up (Abu Dhabi) Sept 25: Group A Winner v Group B Winner (Dubai) Sept 26: Group A Runner-up v Group B Runner-up (Abu Dhabi) Sept 28: Final (Dubai) If you go Flying Despite the extreme distance, flying to Fairbanks is relatively simple, requiring just one transfer in Seattle, which can be reached directly from Dubai with Emirates for Dh6,800 return. Touring Gondwana Ecotours' seven-day Polar Bear Adventure starts in Fairbanks in central Alaska before visiting Kaktovik and Utqiarvik on the North Slope. Polar bear viewing is highly likely in Kaktovik, with up to five two-hour boat tours included. Prices start from Dh11,500 per person, with all local flights, meals and accommodation included; If you go Where to stay : Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor. When to go : Florida is best experienced during the winter months, from November to May, before the humidity kicks in. How to get there : Emirates currently flies from Dubai to Orlando five times a week. The specs AT4 Ultimate, as tested Engine: 6.2-litre V8 Power: 420hp Torque: 623Nm Transmission: 10-speed automatic Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800) On sale: Now
