Doha is putting pressure on Hamas by cutting out its funds to the Palestinian movement; (L to R) Qatari Emir Tamim Bin Hamad and Senior political leader of Hamas Ismail Haniyeh – Photo compiled by Egypt Today/Mohamed ZainCAIRO – 19 October 2017: Following the Egyptian-sponsored inter-Palestinian reconciliation, Qatar seeks to ignite troubles within the Palestinian political community, a source inside Hamas movement told Egypt Today Thursday.The source, who spoke on condition of anonymity, further added that the mutual relations between Hamas movement and Qatar have been strained for the past several weeks, pointing out that Doha is putting pressure on Hamas by cutting out its funds to the Palestinian movement.Under Egypt’s auspices, Palestine’s two main political rivals, Fatah and Hamas, signed a reconciliation accord Thursday in Cairo, which denotes that the Concession Government will have administration over the Rafah border before December 1.Egypt, which hosted a series of meetings over the past two days between both parties, invited the Palestinian factions that signed the 2011 accord to hold their upcoming meeting next November 21 in Cairo.
October 19, 2017 19:18 UTC
National Olympics committee Carlos Arthur Nuzman - Press PhotoRIO DE JANEIRO - 19 October 2017: A Brazilian court ordered the release from jail of former head of the national Olympics committee Carlos Arthur Nuzman on Thursday, according to the court's press office.Nuzman was arrested on Oct. 5. Brazilian prosecutors charged him, and five other people on Wednesday with corruption based on an investigation of alleged bribery to have Rio de Janeiro host the 2016 Games.The court considered Nuzman's arrest disproportionate to the charges, the press office said. The decision to release him, taken by judges at the STJ (Superior Tribunal de Justiça), was provisional.
U.S. Defense Secretary Jim Mattis - File PhotoWASHINGTON, Oct 19 (Reuters) - U.S. Defense Secretary Jim Mattis said on Thursday the U.S. military did not have all the accurate information on an ambush in Niger earlier this month that killed four U.S. "The loss of our troops is under investigation," Mattis said before a meeting with his Israeli counterpart at the Pentagon. "We, in the Department of Defense, like to know what we are talking about before we talk and so we do not have all the accurate information yet. ""We will release it as rapidly as we get it," he added.
Democratic Senator Amy Klobuchar - Press PhotoWASHINGTON - 19 October 2017: U.S. lawmakers, alarmed over hackers' use of the internet to influence last year's election, introduced legislation on Thursday to extend the rules that apply to political advertising on television and radio to social media like Facebook Inc.Democratic Senators Amy Klobuchar and Mark Warner and Republican John McCain introduced the "Honest Ads Act," which would amend existing election law covering television and radio outlets to impose those rules to paid internet and digital advertisements on platforms like Facebook, Twitter Inc and Alphabet Inc's Google. He said advertisements could have been purchased using dollars, euros or pounds.He and Klobuchar acknowledged that the companies have resisted the legislation but said, "It's our hope that the social media companies and platform companies will work with us. "Separately, Facebook and Twitter said Thursday they would send their general counsels to testify Nov. 1 before the Senate and House Intelligence Committees.An executive from Google also is expected to appear at the public hearings, although the company has not yet said who will testify. A Google spokeswoman said on Thursday she had no update.General counsel Colin Stretch will be the Facebook representative to testify before both committees, company spokesman Andy Stone said. The company's high-profile Chief Executive Officer Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg will not appear.A Twitter spokeswoman said Acting General Counsel Sean Edgett will represent the microblogging site.
Russian President Vladimir Putin - File PhotoSOCHI, Russia - 19 October 2017: Russian President Vladimir Putin said on Thursday an unprecedented anti-Russian campaign was being conducted in the United States in which every single domestic failure was blamed on Moscow.Speaking to an audience of foreign Russia scholars, Putin said though he believed that the problems in relations with Washington can be resolved.
October 19, 2017 17:37 UTC
The 'A330neo' that rolled out for the first time from Airbus’ Toulouse, France paint shop on 23 December 2016 – Photo courtesy of DOUMENJOU Alexandre/MasterfilmReady to power into the future! Relive the first flight of Airbus' newest aircraft: the #A330neo. #A330neoFF pic.twitter.com/BIfPWRsJL6 — Airbus (@Airbus) October 19, 2017CAIRO – 19 October 2017: The first Airbus A330neo took off from Blagnac in Toulouse, France on Thursday to be the first of three certification flight-test aircrafts. They are also powered by the latest-generation Rolls-Royce Trent 7000 engines, accommodate up to 10 extra seats, offer new “airspace” cabin amenities, and feature a new larger span wing with Sharklet wingtip devices.The maiden flight by the A330-900 took place over southwestern France. The crew in the cockpit on board this flight comprised experimental test pilots Thierry Bourges, Thomas Wilhelm and test-flight engineer Alain Pourchet.The engineers monitoring the aircraft systems and performance in real-time at the flight-test station are Jean-Philippe COTTET, Emiliano Requena Esteban and Gert Wunderlich.
October 19, 2017 17:03 UTC
A Kit Kat chocolate bar is seen in this illustration photo taken July 20, 2017 - REUTERS/Thomas White/Illustration/File PhotoZURICH - 19 October 2017: Nestle, the world’s biggest packaged food group, is doubling spending on its restructuring this year to up to 1 billion Swiss francs ($1 billion) to cope with its weakest sales growth in more than two decades.Europe’s largest company by market value is under pressure to improve returns from activist investor Daniel Loeb, whose Third Point hedge fund revealed a $3.5 billion stake in June.It must also review its business model and brand portfolio to ensure its products stay appealing to consumers who often prefer fresh, local foods to Nestle’s Maggi soups or KitKat chocolate bars.Organic sales rose 3.1 percent in the third quarter, up from 2.4 percent in the second, in line with analysts’ expectations in a Reuters poll. Performance was helped by improved trading in Europe and Asia.Still, Nestle forecast growth for the full year around the 2.6 percent it generated for the first nine months, implying a slowdown in the fourth quarter and the year as a whole. Last year’s sales rose 3.2 percent.“Going forward, everyone is well advised to be cautious and you see that reflected in our expectations for the fourth quarter,” Chief Executive Mark Schneider said on Thursday.Finance chief Francois-Xavier Roger cautioned that Europe and Asia might not be able to repeat the good performance over the final three months, but confirmed Nestle’s goal of returning to mid-single-digit organic growth by 2020.Nestle said it would spend up to 1 billion Swiss francs this year on restructuring, double its initial plan, as it seeks to cut structural costs, such as by closing factories, boosting efficiency and sourcing globally.Yet its overall forecast for restructuring costs of 2.5 billion francs between 2016 and 2020 remained unchanged.The acceleration will reduce this year’s operating margin by 0.4 to 0.6 percentage point, while the underlying margin -- before restructuring costs -- is expected to rise by at least 0.2 percentage point in constant currency, Nestle said.Nestle last month set a target for the underlying margin to reach 17.5-18.5 percent by 2020, up from 16.0 percent in 2016.Slowing growth rates at packaged food groups have sparked the interest of activist investors, with Procter & Gamble (PG.N) also becoming a target recently.Unilever reported lower-than-expected third-quarter sales on Thursday, losing market share to smaller competitors and dampening hopes that an aborted takeover offer from Kraft Heinz would spark a swift improvement.Nestle shares were 0.8 percent lower at 1530 GMT, slightly lagging the European sector .SX3P.They have gained 16 percent so far this year and are trading at 28.3 times forward earnings, according to Reuters data, at a premium to Danone at 24.2 times and Unilever at 25.8 times.Analysts said Nestle’s performance was disappointing when compared to Danone that saw strong baby food sales in China boost growth in the third quarter to 4.7 percent.
October 19, 2017 15:33 UTC
Secretary General of Federation of Egyptian Chambers of Commerce (FECC) Alaa Ezz -- REUTERSCAIRO – 19 October 2017: Secretary General of Federation of Egyptian Chambers of Commerce (FECC) Alaa Ezz said Thursday that Egypt submitted 107 projects out of an overall 300 ones submitted by 14 countries to EU-funded cooperation without borders program.The program is funded by the EU with a sum of €480 million given to 14 countries on the coast of the Mediterranean sea to revive cooperation between business organisations and civil societies to develop trade, industry, environment, renewable energy and human resources fields, as well as boosting investments, Ezz explained.Ezz made these remarks on the sidelines of the Egyptian-Portuguese forum, where six companies, half of which are from the north and the other from the south are participating.The forum includes preparation of detailed study of projects to select the best ones regardless of the number of projects allocated to each country, he underlined.The FECC secretary general pointed out that the Egyptian chambers of commerce received funds to finance 22 projects out of 81 ones during the past period, all of which were implemented except for five being currently carried out.He expressed his hope for receiving funds for the largest number of projects in the coming period, adding that the announcement of projects which will receive funds from the EU program will take place in early January.
October 19, 2017 15:22 UTC
Chairman and Chief Executive Officer of Agence France-Presse (AFP), Emmanuel Hoog - Press PhotoCAIRO – 19 October 2017: “Egypt will achieve a remarkable renaissance in the near future thanks to the current reform program,” stated Chairman and Chief Executive Officer of Agence France-Presse (AFP), Emmanuel Hoog, on Wednesday during a three-day visit to Cairo.In an interview with Egypt Today, Hoog stated that “even though Egypt has faced many challenges during the past period, it’s moving along the right path.”When asked if western media outlets are biased against Egypt, he stated that there is no clear or deliberate bias against Egypt because of its regional importance. Egypt’s news are the focus of major newspapers and international news agencies.On the future of printed newspapers, Hoog said that print press is suffering from the specter of extinction at the moment due to several factors such as the tendency of many media entities to launch websites.Press papers face the biggest threat whereas electronic media has the ability to survive in areas of conflict. “I say that the key to press papers’ success is to ensure the diversity of content and news,” he added.Hoog praised the transparency and professionalism of Egyptian editors who work in AFP offices.He also asserted that all news agencies know the value of Egypt regionally and among African countries.Agence France-Presse (AFP) is an international news agency headquartered in Paris, France.The agency was established in 1944 and is considered the third largest news agency in the world, after the Associated Press (AP) and Reuters.
October 19, 2017 15:22 UTC
The Verizon logo is seen on the side of a truck in New York -- REUTERSNEW YORK – 19 October 2017: Verizon Communications Inc's quarterly revenue topped Wall Street analyst estimates on Thursday and the company added more phone subscribers than expected, sending shares of the No. 1 U.S. wireless carrier up in mid-morning trading. Verizon has struggling to fend off smaller rivals T-Mobile US Inc and Sprint Corp in a mature market for wireless service.AT&T Inc, its No. Churn, or rate of defections for all customers paying a monthly bill, including tablet subscribers, was 0.97 percent.Wells Fargo analysts had expected subscriber additions of 185,000 and churn of 1.05 percent. They said in an earlier note that the quarter was relatively less competitive, with consumers pushing out decisions to switch carriers until the fourth quarter when Apple Inc's iPhone X is expected to debut.
October 19, 2017 15:11 UTC
Germany's Chancellor Angela Merkel arrives at the EU summit meeting in Brussels -- REUTERSBRUSSELS – 19 October 2017: German Chancellor Angela Merkel urged her fellow leaders on Thursday to cut European Union funds to Turkey that are linked to Ankara's bid to join the bloc due to concerns about the country's growing authoritarianism.While praising Turkey for taking in Syrian refugees, Merkel stuck with the tougher tone she adopted during her reelection campaign last month, although she stopped short of calling for an outright end to Ankara's decade-long push to join the bloc. "The rule of law in Turkey is moving in the wrong direction," Merkel said as she arrived for the EU summit, in a reference to the large-scale purge that President Tayyip Erdogan has carried out following a failed coup attempt in July 2016. "We are very concerned about this. It is set to vote next week.However, EU governments are divided, with Poland, Britain and Sweden maintaining their strong support for Turkey's EU membership and countries such as Austria demanding not just a freeze to accession funds but an end to membership talks. "Entry negotiations with Turkey must be broken off," Austria's Sebastian Kurz, whose conservative OVP party won the most votes in Sunday's parliamentary election, said on Twitter as he arrived for his first EU summit.
October 19, 2017 15:11 UTC
Prime Minister Haider al-Abadi - REUTERSBAGHDAD– 19 October 2017: The semi-autonomous Kurdistan Regional Government (KRG) in northern Iraq welcomed on Thursday a call by Iraqi Prime Minister Haider al-Abadi for talks to resolve a crisis triggered by a Kurdish referendum on independence last month.Abadi spoke on Tuesday, saying he considered the Sept. 25 referendum, in which Kurds voted overwhelmingly for independence despite Baghdad's opposition, "a thing of the past". The day before, the Iraqi army retook the oil-producing Kirkuk area from Kurdish Peshmerga forces on his orders. "It will not be possible to resolve the issues through military operations," the KRG cabinet said in a statement after a meeting in the Kurdistan region capital Erbil. "(We have) asked the international community to help both sides start a dialogue to solve the outstanding issues based on the Iraqi constitution," the statement said.Abadi had asked that the KRG cancel the outcome of the referendum as a precondition for negotiations to begin.The statement made no mention of the referendum, for which Baghdad retaliated with a series of punitive measures including the recapture of Kirkuk, which lies just outside KRG boundaries but had been in Peshmerga hands since 2014.
October 19, 2017 15:00 UTC
HE MOF, CI Capital & Investors-Press PhotoCAIRO – 19 October 2017: Egypt’s inflation rate should decrease by the beginning of next year, Minister of Finance Amr El-Garhy said in a roundtable discussion hosted by CI Capital in the UK.The roundtable meeting hosted 13 leading global institutional investment firms with assets under management totaling approximately $1.5 trillion; Garhy noted that real GDP growth is expected to stand at five percent during the current fiscal year.“The government also plans to sustain the six percent GDP growth within the next 10 years as part of a longer-term program approved last year,” he said.During the roundtable, Garhy said that the government’s budget deficit is forecasted to mark 9.5 percent during FY 2017/18, representing a 1.4 percent decline compared to last year.The minister highlighted plans to issue $3 billion in international bonds during the first quarter of 2018; that is in addition to a potential 1 billion Euro-denominated bond issuance in light of trade relations with the EU.As part of Garhy’s attendance of annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington last week, he met leading U.S.-based institutional investment firms managing $280 billion in assets, in a roundtable organized by CI Capital Holding as well.
October 19, 2017 14:48 UTC
AFP | Greece is one of only five NATO members meeting their alliance spending commitmentsATHENS – 19 October 2017: Greece on Thursday defended its decision to upgrade its fleet of US-made F-16 warplanes, arguing that the multi-million cost will not destabilise its precarious budget. "We are discussing the upgrade of (around 90) aircraft at a maximum cost of 1.1 billion euros ($1.3 billion) over a period of ten years," government spokesman Dimitris Tzanakopoulos told reporters. "I do not judge the fiscal cost excessive...it's about 110 million euros per year, this does not affect fiscal targets at almost any point," he said.The programme would start running after 2018, when the country is scheduled to exit its current European economic bailout, the spokesman said.He said it was "logical" that European creditors may have questions on the issue and Athens is prepared to provide details "if formally asked". "The (upgrade) has not been concluded, we are in advanced talks," Tzanakopoulos said, adding: "(We) do not intend to repeat the mistakes of the past when defence spending was inordinately inflated. "Prime Minister Alexis Tsipras, who rubber-stamped the upgrade during an official visit to Washington this week, has said the planes risked being rendered inoperable without the upgrade.Speaking at the Brookings Institute, Tsipras -- who took a surprise flight aboard an F-16 just before the Washington visit -- said Greece is obliged to keep up defence spending because of its geographic proximity to volatile areas.Greece spends two percent of its budget on defence, one of only five NATO members to meet this alliance requirement.The F-16 upgrade falls within this threshold, Tzanakopoulos said.
October 19, 2017 14:15 UTC
Mohanad Kojak, is set to make his debut appearance at Dubai’s fashion forward 10th season later this month. The Egyptian designer will be showcasing his new collection “Rage of the Angels” through a runway show during the three-day event. Kojak is quite known regionally with his Victorian accent and retro aesthetic accentuated with bold silhouettes as well as oversized collars and sleeves. Therefore, this would only make his upcoming show in the city of skyscrapers a significant milestone for his brand as well as the local fashion industry; given the fact that no local designer has beaten him to it. Dubai Fashion Forward is the region’s most-awaited bi-annual fashion event; which takes place every April and October.
Source:Daily News Egypt
October 19, 2017 14:03 UTC