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The federal government has tasked Innovation and Science Australia (ISA) with developing a plan that will put Australia in a position as a leading “innovation nation” by 2030. In its 2030 Strategic Plan Issues paper, the independent body charged with researching, planning, and advising the government on all science, research, and innovation matters highlighted six challenges it sees as central to shaping the strategy, with one placing […]

Last week saw the largest drop in aggregate Treasury short positions since Brexit. Ironicaly, while bond bears felt the squeeze, traders piled into Eurodollar shorts (increased rate-hike bets) sending the short-end’s positioning to record highs. Across the entire Treasury bond futures complex, shorts covered over 200,000 10-year-equivalent contracts (around $20 billion notional), but as is clear below, the net short – while the smallest since December 2nd […]

The Australian government has signed a formal “Dialogue on Innovation” agreement with China that will see both countries exchange ideas between government representatives, business, and the research sector. Under the arrangement, both countries will contribute up to AU$6 million over three years to the next round of the Joint Research Centres, under the Australia-China Science and Research Fund (ACSRF), which supports strategic science, technology, and innovation collaboration […]

A Beijing court has overturned a ruling that Apple’s iPhone 6 violated a Chinese manufacturer’s patent which saw the US tech giant ordered to cease selling the smartphone in China. In May last year the Beijing intellectual property bureau had ruled that Apple violated design patents of Chinese maker Shenzhen Baili with its iPhone6 and iPhone 6 Plus, and would be barred from selling those models. […]

Ras Al Khaimah – UAE, 26 March 2017 Under the patronage of His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, and in the presence of His Excellency Sheikh Mohammed bin Humaid Al Qasimi, Managing Director of RAK Free Trade Zone, Managing Director of the Ras Al Khaimah Investment Authority, His Excellency Mohammed Ahmed Al Kait, Advisor […]

Advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations Are robots coming for your job? Although technology has long affected the labor force, recent advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations, including highly skilled or “knowledge-based” jobs. Just a few examples: self-driving technology may eliminate the need for […]

After a week dominated by questions over whether Donald Trump will be able to push his economic agenda through Congress, here are the questions FT markets reporters are asking in the final trading week of March. Will investors keep faith in Trump’s ability to drive tax cuts? That is the question facing equity markets after the White House failed to muster the support needed in the House […]

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By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. Manufacturing is recovering from a prolonged slump, driven by the energy sector, bucking a slowdown in the broader economy. The Federal Reserve last week described business investment […]

I am blessed to write about smartphones here on ZDNet and tend to overspend on the high end flagships because of how much time I spend using phones every day. However, after 10 days with my T-Mobile SIM in the new Moto G5 Plus, it will be very difficult to justify spending more than $300 on a smartphone again. The Moto G4 Plus, check out my review […]

ILOILO CITY — More than three decades since he last visited Iloilo, United Kingdom Prime Minister’s Trade Envoy to the Philippines Richard Graham was all praises for the development of the city when he landed at the airport Friday morning. Graham and the other members of the British delegation were briefed of Iloilo City’s Urban Renewal Project, a pet project of Senator Franklin Drilon, by landscape architect […]

25 March 2017 Atlanta – The Coca-Cola Company today announced a number of senior leadership appointments to drive its ongoing transformation into a growth-oriented, consumer-centered, total beverage company. Key changes, which will be effective when President and COO James Quincey becomes Chief Executive Officer on May 1, include: Combining Global Marketing, Customer and Commercial Leadership, and Strategy into one combined function under the leadership of a new […]

Your daily guide to community and cultural activities across the Emirates for March 25, 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 Cultural festival Mother […]

It’s a little weird to think of India and China as buddies. There has been at least a half-century of rank hostility between the two most populous nations in the world, ostensibly kicking off when India gave the Dalai Lama refuge, post the Chinese invasion of Tibet. A short but debilitating border war in 1962; claimed occupation of territories by both sides; China’s alliance with Pakistan and […]

One of the earliest reactions of equity investors, on the election of Donald Trump as president of the US, was to buy health insurers and to sell companies that operate hospitals. In broad terms, repealing Obamacare looks good for the former and bad for the latter. Reform would remove some of the coverage obligations on the insurance companies, who say they have struggled to offer plans profitably […]

The SEC filing also said Diamond S Shipping vessels aren’t necessarily prohibited from calling in locales where sanctions and embargoes apply. In the filing, the company said it believed it was in compliance with all applicable sanctions, embargoes, laws and regulations. In a statement to the Center for Public Integrity, the company said its “charter agreements expressly require compliance with all applicable laws, specifically prohibit trading in […]

By Rodrigo Campos and Chuck Mikolajczak | NEW YORK NEW YORK The death of the Republican healthcare reform may not prove to be the knife to the heart of the bull market some had feared, but to keep the Trump Trade alive investors should temper expectations for the breadth of expected tax cuts. Anxiety over prospects for the healthcare bill gave stocks their largest weekly drop since […]

By Alberto Alerigi and Thais Freitas | SAO PAULO SAO PAULO Brazil’s meat exports have fallen sharply since a police investigation into alleged bribery of food-sanitation inspectors in the world’s top beef and poultry exporter sparked a wave of trade bans, an industry group said on Friday. Restrictions by several key importers of Brazilian meat, ranging from China to Europe, caused a 22 percent drop in weekly […]

US stocks suffered their worst weekly performance since the November election after Donald Trump failed to rally support for his healthcare plan, raising the pressure on the US president as he pursues the rest of his agenda. After trading up for most of the session on Friday, the S&P 500 sold off as it became clear the alternative to Barack Obama’s Affordable Care Act lacked the votes […]

By Jeff Mason and Ethan Lou | WASHINGTON/CALGARY WASHINGTON/CALGARY U.S. President Donald Trump’s administration approved TransCanada Corp’s Keystone XL pipeline on Friday, cheering the oil industry and angering environmentalists even as further hurdles for the controversial project loom. The approval reverses a decision by former President Barack Obama to reject the project, but the company still needs to win financing, acquire local permits, and fend off likely […]

DUBAI // Becoming a doctor, an astronaut, a scientist, a teacher and an architect were among the aspirations of Syrian refugee children living in an orphanage in Turkey. Their common dream, however, was to be all these things in their home country. Seventy-five Syrian children between the ages of eight and 12 at Ufuk orphanage in Gaziantep, Turkey, took part in an initiative by a Dubai company, […]

The Fed’s most recurring lament over the past 8 years, ever since the Financial crisis, is that there has been no measurable inflation in the US economy when using such conventional indicators as CPI, even though according to recent measurements by PriceStats real inflation, not the BLS’ seasonally-adjusted, goalseeked and politically convenient  mutant, is now running at a blistering 3.6%, the highest in five years.   That […]

Last year, Donald Trump won the election for president by bemoaning the disappearance of the American factory and pledging to bring back manufacturing from other countries. Now in power, he might have to start worrying about the decline of another traditional pillar of the US economy — the American shopping mall. Fears that the rise of online shopping will lead to substantial dislocation in the retail sector […]

Dubai-based DP World, one of the world’s largest port operators, is exploring logistics opportunities and the development of industrial parks in Panama. Sultan Ahmed Bin Sulayem, DP World Group chairman and CEO, met with the President of Panama, Juan Carlos Varela, to explore opportunities relating to the expanded Panama Canal. The meeting was also attended by Roberto R Roy, Minister for Canal Affairs and Augusto R Arosemena, […]

Done betting, Alibaba is getting down to work in Southeast Asia as it bids to lead the region’s promising e-commerce space and maximize its early mover advantage over Amazon. Alibaba became the first major international player to enter Southeast Asia, a region with more than 600 million cumulative consumers, when it bought a majority stake in Lazada, the Rocket Internet-backed venture, nearly one year ago. Amazon, Alibaba’s key foe in India, is […]

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