In a lab deep within Tata Consultancy Services’ landscaped campus in the western Indian city of Pune, 16 recent graduates are experimenting with new technologies that are shaking up a flagship national industry. TCS, the largest of India’s powerful IT services companies, set up the lab 18 months ago to enable new starters to work on the “internet of things”, the field of connected machines and appliances that […]
Jeff Bezo’s Amazon is coming, take cover Australia!Image: DAVID RYDER/GETTY IMAGES By Jerico Mandybur2017-04-20 02:36:33 UTC The moment Australian retailers have dreaded is here. Amazon is expanding Down Under, opening warehouses that’ll enable cheap, fast local shipping, and letting small businesses sell goods through the site—a development an Amazon employee reportedly said would “destroy the retail environment in Australia.” Shopping on Amazon.com is already available […]
Virtu Financial is set to emerge victorious in its effort to buy rival high-frequency trading group KCG Holdings, with a deal expected to be announced on Thursday, according to people briefed on the matter. KCG and Virtu declined to comment. With the announcement of the takeover imminent, Charles Susi, head of institutional sales and electronic trading at KCG, announced internally that he was leaving the company, other […]
Qualcomm beat Wall Street’s sales and profit forecasts for its second quarter as the mobile chipmaker’s performance was boosted by the launch of new smartphones including Samsung’s Galaxy S8. However, the company on Wednesday warned of greater uncertainty in its outlook for the next quarter because of its legal battle with Apple, some of whose contract manufacturers have withheld about $1bn in royalty payments to Qualcomm in […]
LONDON The United States must keep military options on the table when it comes to North Korea, but it does not want to use them unless it has to, U.S. House of Representatives Speaker Paul Ryan said during a visit to Britain on Wednesday. “… of course we don’t want to have military options employed, but we must keep all options on the table,” he said when […]
The survey of U.S. business executives released Friday by the American Chamber of Commerce in China showed 26% had seen data or trade secrets stolen over an unspecified time period. More than 40% said they saw the risk of a data breach in their China operations rising. The chamber hasn’t previously released survey results related to data theft. (via WSJ)
April 19, 2017 by: Vinay Pande and Gerald Lucas The most prominent beneficiary of the so-called Trump trade has been equities, with total returns of 10.5 per cent from the S&P 500 and 10 per cent from the MSCI All-Country World Index since the US election. However, pinning a global bull market on one individual is dangerous. Several other drivers have supported it, making it even more […]
Theresa May received overwhelming backing from MPs for a snap UK election that the prime minister said would give her more room for manoeuvre in Brexit negotiations if her Conservative party wins the poll. The prime minister won a vote in the House of Commons on Wednesday by 522 to 13, allowing her to press ahead with an early general election on June 8. The motion overrode […]
Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, on Tuesday approved a proposal to distribute 10 percent of it share capital, equivalent to AED1.301 billion ($354 million), as a cash dividend to shareholders. Addressing shareholders, Mohamed Alabbar, chairman of Emaar Malls and Emaar Properties, said the success of Emaar Malls is led by the UAE’s robust growth and the vision of Sheikh Mohammed […]
MANILA Philippine President Rodrigo Duterte warned on Wednesday he might “invade” an island stronghold of the Islamic State-linked Abu Sayyaf to “finish the game” following a thwarted attempt by the group to kidnap tourists on a resort island last week. Duterte offered cash rewards for the capture, dead or alive, of six Abu Sayyaf militants still at large following a day-long clash last week on Bohol island, […]
The near-5 per cent advance in the $20tn benchmark S&P 500 this year has been reliant on the performance of only a few dozen stocks — with gains by the likes of Apple and Facebook accounting for more than 20 per cent of the index’s climb. Ten stocks in the index, including ecommerce behemoth Amazon, Google owner Alphabet as well as the more defensive cigarette maker Philip […]
Here is how the markets are reacting to UK prime minister Theresa May’s announcement that there will be a snap general election on June 8. Sterling The pound has rebounded strongly off session lows and is now up 1.6 per cent to $1.2755, its highest since December, as dealers reckon that the ruling Conservative government is likely to increase its parliamentary majority. This could strengthen Mrs May’s […]
Once upon a time, over a dozen large technology conferences and trade shows dotted the landscape—from COMDEX and CTIA to TechEd and WinHEC. They had a mechanical regularity: details about Windows in the early spring, x86 chip announcements in early autumn, and COMDEX in November. Now, with news of IDF’s demise, only Computex, CeBIT, Mobile World Congress (MWC), and CES remain, with company-specific developer gatherings […]
Dubai, UAE, 5 April 2017 During his participation in the “Ask the Leader” initiative on the sidelines of the 5th Dubai Government Achievement Exhibition (DGAE), Director of Dubai Customs Ahmed Mahboob Musabih said Dubai Customs’ efficiency and distinctive performance have helped the UAE in moving forward to occupy first place in the region and 4 th place worldwide in the efficiency of customs procedures category according to […]
Investors are refusing to call time on expectations of a sustained recovery in the global economy, after propelling global markets to their best quarterly performance since 2013. Money managers say they are willing to look past rising political uncertainty in France and the US and bet on what they view as an acceleration in activity and synchronised economic advances across developed and emerging markets. Expectations of US fiscal stimulus […]
American tech workers are no doubt feeling vindicated, rejoicing at what they feel is a long-overdue, reversal of fortunes. You could not have a more ominous beginning to the beginning of the H-1B lottery than the events that transpired over the last few days. As ZDNet’s Stephanie Condon reports, on Friday last week, the US Citizenship and Immigration Services (USCIS) issued a memo that revamped an outdated, […]
By Ju-min Park and Jack Kim | SEOUL SEOUL North Korea fired a ballistic missile on Wednesday from its east coast into the sea off the Peninsula, South Korea’s military said, ahead of a summit between U.S. and Chinese leaders who are set to discuss Pyongyang’s arms programme. The launch was from Sinpo, a port city on the North’s east coast, and the missile flew about 60 […]
By Joseph White | DETROIT DETROIT General Motors Co (GM.N) on Tuesday unveiled a German-made Buick crossover wagon it plans to sell in the United States, and in so doing highlighted the U.S. auto industry’s vulnerability to shifting trade politics. The Buick Regal TourX, scheduled to launch later this year in the United States, is aimed at imported all-wheel drive vehicles such as those offered by Subaru […]
Magic coach Frank Vogel was left with some explaining to do.Image: AP/REX/Shutterstock By Sam Laird2017-04-04 21:47:19 UTC The tweet has been deleted, but this is the internet, where nothing really disappears. One NBA franchise is still picking up the pieces. Patricio Garino is an Argentine basketball pro who signed a contract with the Orlando Magic on Monday. His agent was stoked — and so tweeted out a […]
Your daily guide to community and cultural activities across the Emirates for April 5, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Comedy show Attend […]
Italian government bond prices were lower on Monday, as investors focused on signs of political sclerosis rather than economic data pointing to strength in manufacturing and a drop in the ranks of the unemployed. The difference between Italian 10-year sovereign bonds and the benchmark German Bund — a key measure of investor confidence as it shows the premium traders are demanding to buy Italian debt — hit […]
KABUL // A member of the Kandahar governor’s staff – likely a cook – smuggled explosives hidden in food into a meeting with Emirati diplomats that killed 13 people, including the UAE ambassador, the governor told The National. Hamayoun Azizi was severely injured when the two bombs exploded around three minutes apart inside his residence in January, he said. His account of the attack differs from previous […]
South Africa’s rand tumbled in late trading on Monday after a rating agency cut the country’s coveted investment grade status, leaving President Jacob Zuma’s decision to fire his finance minister responsible for wiping out almost all the currency’s gains for the year. The rand slid to R13.7 against the dollar, taking its drop in the past five days to almost 9 per cent. Having recorded a gain […]
British Prime Minister Theresa May arrived in Saudi Arabia on Tuesday hoping to tap the oil-rich kingdom’s “immense potential” as she looks to secure post-Brexit investment and trade. May landed at a military airport in the Saudi capital, state news agency SPA said, coming from Jordan. Facing criticism at home and calls to raise rights issues with Saudi leaders, May insisted she had no problem talking about […]
