Daily Archives: December 17, 2015

U.S. Jobless Claims Drop

Washington, Rabi’I 6, 1437, Dec 17, 2015, SPA — The number of people filing initial applications for U.S. state unemployment benefits fell last week from a five-month high, the government reported Thursday, suggesting sustained labor-market improvement that could lead to further Federal Reserve (Fed) interest-rate increases next year.
The Labor Department said jobless claims fell 11,000 last week to 271,000. It was the 41st consecutive week that claims remained below 300,000, a level associated with healthy labor-market conditions. It is the longest such stretch since the early 1970s.
The four-week moving average of jobless claims—a better gauge of trends because it smoothes weekly volatility—was virtually unchanged, also at 271,000. The four-week average fell slightly between November and December, suggesting another strong month of job gains after payrolls increased by 211,000 in November, and unemployment remained at a seven-year low of 5 percent.
As the labor market approaches full employment, jobless claims likely have little room for further declines.
The Fed on Wednesday raised its key interest rate by a quarter-point to between 0.25 and 0.50 percent, the first increase in almost a decade. The central bank said in its policy statement that there had been “further improvement” in the labor market.

–SPA
18:09 LOCAL TIME 15:09 GMT

Harbour City Named Google’s Top Trending Destination in Hong Kong

HONG KONG, Dec. 17, 2015 / PRNewswire — Harbour City, the largest shopping mall in Hong Kong, was named by Google’s Year in Search as number one in the Top Trending Mobile Searches for Local Destinations of 2015. Located in Tsim Sha Tsui, Hong Kong’s core tourist district, the mall was also ranked sixth in Top Trending Search Keywords on Mobile. The results show that “Harbour City” was the most searched destination on mobile over the past 12 months in Hong Kong. Harbour City was Hong Kong’s first large-scale shopping mall when it opened in 1966.

The city’s largest shopping mall was named by Google’s Year in Search as number one in the Top Trending Mobile Searches for Local Destinations of 2015.

Photo – http://photos.prnewswire.com/prnh/20151217/296827
Photo – http://photos.prnewswire.com/prnh/20151217/296826

Harbour City tops the search engine rankings as three of the restaurants there – Lady M, House of Jasmine and Coffee Academics – were also named 3rd, 6th and 8th respectively in the Top Trending Places for Food on Mobile Search.

Google noted Harbour City’s variety of promotions and events, such as “Where’s Wally?” and Google Play Game Week, undoubtedly helped the mall take the top spot. The mall is currently running a Christmas presentation in celebration of Hong Kong Disneyland’s 10th anniversary.

The Christmas decoration at Harbour City has long been a favorite photo spot among locals and visitors.

About Harbour City

Spread over 2 million square feet of prime real estate, Harbour City is the largest and most diverse shopping mall in Hong Kong. Harbour City is located in the heart of Hong Kong alongside the beautiful Victoria Harbour and offers a wide range of services including shopping, dining, entertainment and sightseeing. Harbour City has established itself as Hong Kong’s marquee mall and a major attraction.

TP-LINK Makes a Major Leap in Mobile Device Market with New Visions

SHENZHEN, China, Dec. 17, 2015 /PRNewswire/ — TP-LINK, the largest global provider of Wi-Fi networking products has recently announced a new product line of smartphone: Neffos, making an entry to the mobile device market to expand the scope of business.

Released Globally in February, Neffos smartphone’s key concept is to offer a user-friendly design that’s smart and simple. “Our original intention of developing Neffos was about creating a unique digital experience by establishing a seamless connection between people and devices,” said Jeffrey Chao, president of TP-LINK. “We believe a real smartphone could provide a sense of joy of technology for users while at the same time offer a simple lifestyle for them in such era of information explosion, so that for users, the smartphone is not just a tool, but a fashion icon to reflect oneself.”

The release of Neffos also marks TP-LINK’s expansion from fixed equipment (router, smart home system, cloud service) to mobile device. According to the IDC2015 ranking, TP-LINK’s global market share in Wi-Fi products has reached 42.9 percent, which is 33.42 percent higher than the second place. Its success gives large credit to the company’s consistent consideration of close to life as the core development philosophy through research and development of high-quality products.

With the current accumulation of technology in the telecommunication industry, TP-LINK thrives to make the best of humanized design. The smartphone is a breakthrough for TP-LINK to set up a link with smart devices through standard protocol to create an ideal digital ecosystem for users.

“In the future, we would like to create an intelligent identification ability in different scenes to automatically activate and control relevant devices for users. Via our smartphones, users will have a closer connection with their home devices,” said Chao.

About TP-LINK

TP-LINK is a global innovator and provider of consumer and SMB networking products ranging from wireless routers, switches, cable/DSL gateways, powerline, adapters, range extenders, cloud cameras, business access points, outdoor wireless solutions to smart home.

The company has always been devoted to offer the public the most convenient access to local area network and internet, meeting the users’ network need in life, work and entertainment with high quality service with sales revenue reaching USD 2 billion in 2014.

Currently TP-LINK has established subsidiaries or representative offices in 40 countries and regions abroad, with devices being used in over 120 countries.

Palestine’s ambassador to Egypt: our presence in Islamic military alliance is safety net for Palestinians

Cairo, Rabi’I 6, 1437, Dec 17, 2015, SPA — Ambassador of the State of Palestine to the Arab Republic of Egypt and its permanent representative to the Arab League Jamal Al-Shobki, described the presence of his country in the Islamic military alliance consisting of 34 countries against terrorism, as a symbolic meaning to Palestine.
In a statement today, he said “We are suffering from the occupation but we are part of this nation and our presence in this alliance is a message that we are part of this nation and that there is also a safety net to the Palestinians through this alliance.”
On the Organization of Islamic Cooperation’s intention to open an office in the city of Ramallah, Al-Shobki stressed that it is an important decision by the Organization, because it carries a message of support for Al-Aqsa which is now under very serious attack by the Israeli occupation government.

–SPA
14:48 LOCAL TIME 11:48 GMT

Petroleum Ministry thwarts smuggling 9 million liters of diesel

Riyadh, Rabi’I 06, 1437, December 17, 2015, SPA — The Ministry of Petroleum and Mineral Resources pointed out that its follow-up with a number of security and competent agencies has succeeded in thwarting one of the largest diesel smuggling operation by monitoring the movement of nearly 450 tank containers loaded with the amount of nine million liters of diesel that has been prepared in a number of locations in Riyadh and the Eastern Region, and headed towards King Abdulaziz Port in Dammam, where it was fallen in the grip of customs at the port.
The Ministry said in a statement today that this operation is the largest attempt to smuggle diesel since the start of the application of checking procedures using advanced fuel discrimination marker technique, where in that operation, it was resorted to hide the trace of diesel by mixing it with some chemicals, but the higher cooperation between the Ministry of Petroleum and Mineral Resources, Saudi Customs and the vigilance of customs inspectors prevented the success of the smuggling operation.
The Ministry of Petroleum and Mineral Resources pointed out that that to limit those attempts, the Ministry coordinated with Saudi Customs and Saudi Aramco by equipping a number of specialized laboratories to use the advanced fuel discrimination marker technique, that is added to the chemical composition of a number of fuels, to enable the customs at border ports to detect any attempt to smuggle fuel outside the Kingdom.
It is worth mentioning that the big difference between fuel prices in the Kingdom and prices in neighboring countries is the first motive in the continuation of such attempts from time to time.
— SPA
15:57 LOCAL TIME 12:57 GMT

Finance Minister signs agreement to avoid double taxation with Gabon

Riyadh, Rabi’I 06, 1437, December 17, 2015, SPA — Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf met here today with Minister of Economy, Investment Development and Forecasts of the Republic of Gabon Regis Ayongo.
During the meeting, they reviewed bilateral relations between the two countries, especially in the economic and investment fields, and ways of developing them.
The two ministers signed an agreement between the Governments of the two countries on avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.
–More
14:10 LOCAL TIME 11:10 GMT

Finance Minister signs agreement to avoid double taxation with Gabon 2 Riyadh

Dr. Al-Assaf pointed out that the agreement is considered the 43rd tax agreement signed by the Kingdom with other countries and represents a stable legal framework that sets the tax relations between the Kingdom and Gabon, as it sets clearly the tax treatment for the investor of each State during practicing the activity in the other Contracting State, and prevents double taxation on earned income of the investor’s activity, and therefore, this agreement reduces the tax burden on investors and achieves for them transparency in tax treatment.
He called on businessmen in both countries to take advantage of what is provided by the agreement of privileges and tax cuts to create more joint trade and investment ventures, pointing out that the volume of trade exchange between the Kingdom and Gabon does not reflect the two countries’ distinguished relations, urging businessmen in both countries to look for mechanisms and chances to support the trade and investment exchange between the two countries.
— SPA
14:10 LOCAL TIME 11:10 GMT

German business confidence posts surprise fall in December

Berlin, Rabi’I 6, 1437, Dec 17, 2015, SPA — German business confidence posted a surprise fall in
December amid uncertainties about the outlook for Europe’s biggest
economy, dpa reported.

The Munich-based Ifo institute said on Thursday that its closely
watched business confidence index slumped to a lower-than-forecast
108.7 points this month from a preliminary reading of 109 in
November.

–SPA
12:52 LOCAL TIME 09:52 GMT