Elsewhere in the world on 27 May 2018
Qatar doesn’t plan on mending ties with the Arab Quartet: Qatar’s banned yesterday the sale of of food and other goods from Egypt, Saudi Arabia, the UAE, and Bahrain, Bloomberg reports. The move comes a little more than a week before the one-year anniversary of the Arab Quartet simultaneously severing diplomatic ties with the statelet.
“It’s starting to feel like 2007” for “the Wall Street bankers who feast during recessions,” Business Insider says, pointing to a string of commentary of late that suggests more and more bankers are staffing up (or otherwise positioning themselves to benefit from) a downturn in the US economy.
Door still open for cancelled US-North Korea summit? US State Department officials will be in Singapore today to “prepare for a possible summit there” between North Korea’s Kim Jong Un and US President Donald Trump. The news comes just days after Trump called off the summit — and after the leaders of North and South Korea held a “surprise meeting” on Saturday to discuss the “high-stakes” meeting set to take place next month — “the strongest sign yet that the two Korean leaders are trying to keep the on-again off-again summit on track,” says Reuters.
Your Ramadan rundown for today:
Bank hours run 09:30 am to 01:30 pm for customers and from 09:00 am to 02:00 pm for employees, CBE announced.
The EGX is running shorter trading hours. The trading session kicks off at 10:00 am, but closes at 1:30 pm. Tap or click here for the full schedule.
We’re looking at reasonably good weather in the week ahead, with the mercury set to hover between 32°C and 34°C all the way through Friday. A spell of warmer weather is on the horizon starting Saturday, according to the long-range forecast on our favourite weather app.
So, when do we eat? For those of us observing, Maghrib is at 6:49 pm CLT today. You’ll have until 3:13 am tomorrow to finish your sohour.
Recommended Ramadan reading:
Fortnite, the game your (pre-)teen is obsessed with, has become a sufficiently potent cultural force that it has made the global business press, with mentions this weekend in the Financial Times and CNBC. As the FT puts it, you can think of it as “a cartoony mix of Minecraft and Call of Duty.” The Epic Games title includes a version available to play without charge. Fortnite is available for iOS, macOS, Windows, PS 4 and Xbox. An Android version is in the works.
Also worth setting aside for the long, quiet hour or two before iftar:
- The Financial Times has run a special series on everything you need to know about sleep.
- Jeff Bezos thinks we have no choice but to go back to the moon, “and this time to stay,” the Wall Street Journal writes, quoting from a “personal, wide-ranging talk” at a space convention on Friday. Bezos “vowed to use his rocket startup to develop robotic rovers and perhaps human habitats on the moon’s surface, even if such projects fail to win financial support from the U.S. government.”
- Stranger Things’ Bob Newby and Mews the Cat are back, “rewatching in peace” their respective demises in season two of the hit Netflix show (watch, runtime: 1:22).