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Australia’s National Broadband Network (NBN) will be outdated before the rollout is even complete thanks to the company using fibre-to-the-node (FttN) network technology, according to the Australian Capital Territory government. Speaking in a submission to the Joint Standing Committee on the National Broadband Network, the ACT government said NBN should be deploying fibre-to-the-premises (FttP) infrastructure, pointing out that this is the preferred technology in New Zealand, France, […]

By Nichola Saminather | SINGAPORE SINGAPORE The dollar extended its overnight gains in early Asian trade on Friday on signs of strong U.S. economic growth, while the euro inched up after sliding overnight on data suggesting slowing growth in Europe. Stock markets in Asia were off a bit despite solid gains on Wall Street as investors awaited China’s official manufacturing purchasing managers index data for March. The […]

Why Hamburg? The recent opening of Hamburg’s state-of-the-art concert hall, the Elbphilharmonie, has transformed Germany’s second biggest city from an under-the-radar destination into one of Europe’s current hotspots. And the Elbphilharmonie is only the tip of Hamburg’s vibrant music scene. There is Germany’s oldest Opera House, a concert hall dedicated to Brahms, plus dozens of live music clubs in the St Pauli neighbourhood, still going strong since […]

But it was not immediately clear whether the approval of the new settlement was meant to be a provocative move to scuttle the prospect of a revival of peace talks. Mr. Netanyahu said he was following through on a pledge he made a few weeks ago to 40 settler families who were evacuated from the illegal Amona outpost in the West Bank. That outpost was removed by […]

There ends a third and perhaps final attempt to unite the London Stock Exchange Group and Deutsche Börse. Do they remain independent or prizes for rivals? One supposed reason for the deal was that without it both the LSE and Deutsche Börse viewed themselves as takeover targets. Now we are about to see whether that is truly the case. There are only three other global operators with bigger equity […]

By Maayan Lubell | JERUSALEM JERUSALEM Israel’s security cabinet on Thursday approved the building of the first new settlement in the occupied West Bank in two decades, even as Prime Minister Benjamin Netanyahu negotiates with Washington on a possible curb on settlement activity. The unanimous vote in favour of construction of the new settlement in an area called Emek Shilo came after Netanyahu earlier told reporters: “I […]

JPMorgan is in talks to buy a new building in Dublin, but has told London staff it will not “rush into any decisions” on how it will adjust its operations after Brexit.  Bloomberg reported that the US bank was in talks to buy a 130,000 sq ft office in the centre of the Irish capital which could accommodate about 1,000 people. The bank declined to comment. The news […]

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Speed was once a ticket to riches in financial markets. Now it’s the bare minimum. Electronic trading groups that made fortunes by being first to pounce on favourable prices are finding it tougher to stay ahead in markets where transactions unfold in billionths of a second. Their costs have risen at the same time that volatility and volumes — essential elements for profitable trading — have ebbed.  As a […]

California’s public law schools could be in line for an unexpected source of new money, thanks to a bankruptcy judge’s creative take on a way to punish after finding that the bank mistreated a couple trying to save its home. U.S. Bankruptcy Judge Christopher Klein in Sacramento recently issued a $45 million fine against the […] (via WSJ)

CAPE TOWN, South Africa, March 30, 2017 The award-winning African Utility Week (www.African-Utility-Week.com ), taking place from 16-18 May in Cape Town, will showcase how the continent is coming up with innovative, home-grown solutions to its energy and water challenges and how these are creating exciting and lucrative opportunities for utilities and industry suppliers alike. Experts from respected partners in the industry such as the World Bank, […]

Sea lampreys (Petromyzon marinus) have gained a notorious reputation in the North American Great Lakes. Although considered an endangered species in their native territories – Europe and the Pacific Northwest – their presence inspires terror in U.S. waters, threatening local fish populations and the fishing industry. These parasitic eel-like fish thrive at the expense of other aquatic creatures, which have come to fear their gaping jawless mouths. Equipped with razor-like […]

The Abu Dhabi Judicial Department has issued its first community-­service sentence to a young man for reckless driving, hitting a pedestrian by accident and putting the lives of bystanders in danger. This sentence was in line with a recent update to the UAE’s federal penal code. No specifics were given regarding the length of this specific sentence, but according to high-­level details regarding community service, it will […]

Elevate, one of the biggest subprime lenders in the US, is reviving plans to go public, seeking to cash in on a big lift in sentiment since the election victory of Donald Trump. Financial stocks have rallied hard since November 8, with big banks such as Bank of America rising as much as 50 per cent on hopes of fatter lending margins, lower taxes and lighter regulation. […]

Friday is inflation day. A quiet week for economic data springs into life with reports on Japanese jobs and industrial production; French consumer spending; German unemployment; UK GDP; and US personal income and consumer sentiment. Prices will be a constant theme, with various inflation iterations presented by Japan, France and the US — the latter in the form of the PCE deflator. But arguably the most intriguing […]

By Lesley Wroughton | ANKARA ANKARA U.S. Secretary of State Rex Tillerson arrived in Turkey on Thursday for talks with a NATO ally crucial to the fight against Islamic State but increasingly at odds with Washington and its European partners. Tillerson will meet President Tayyip Erdogan to discuss the U.S.-led fight against Islamic State, including the planned offensive against its Syrian stronghold of Raqqa, where Turkey has […]

Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, expected to be the world’s largest equity sale, sources familiar with the matter told Reuters. The trio join Moelis & Co and Evercore, which have been appointed independent financial advisers, one source said. The company has also appointed Saudi Arabia’s NCB Capital and Samba Capital […]

Thursday 08:35 BST What you need to know ● Stock markets mixed after Wall Street’s steady display● Shanghai Composite hits 6-week low amid liquidity concerns● Sterling holds above $1.24 as traders ponder Brexit implications● Dollar index above 100 as euro softens on ECB report● Oil prices add to Wednesday’s 2.1 per cent gain and gold dips——————- Hot topic Traders are keeping a wary eye on the action […]

Authored by Konstantin Richter via Politico.eu, Last weekend, European leaders gathered in Rome for the 60th anniversary of the Treaty of Rome. They discussed, not for the first time, how to get the EU back on track. And they told each other they are still committed to the Union and believe in its future. (We’ve heard that one before, too.) But let’s just suppose that, when the […]

In 2016, more than 4 billion records were leaked worldwide, exceeding the combined total from the two previous years, according to a report from IBM Security. In its IBM X-Force Threat Intelligence Index 2017, Big Blue explained the leaked documents comprised the usual credit cards, passwords, and personal health information, but also noted a shift in cybercriminal strategies, finding a number of significant breaches were related to […]

ABU DHABI // The amount of certain drugs seized in the UAE has almost tripled, while the number of drug-related criminals arrests has more than doubled in a year, according to the head of anti-narcotics at the Ministry of Interior. Lt Col Saeed Al Suwaidi said the production of Captagon and crystal methamphetamine in the GCC had gone through the roof in recent years because of political […]

Bank of Queensland (BoQ) has announced its results for the first half of the 2017 financial year, reporting a 6 percent year-on-year drop in statutory net profit after tax to AU$161 million. Interim cash earnings after tax for the six-month period came in at AU$175 million, down 2 percent on the prior corresponding period. For the six months to February 28, 2017, BoQ reported AU$252 million in […]

TOKYO Asian shares edged up to near their highest in two years on Thursday, while the dollar benefited from waning expectations that the European Central Bank was poised to end its easy policy. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.2 percent higher in early trade, pushing against its loftiest levels since June 2015. Japan’s Nikkei stock index .N225 was down 0.2 percent, while […]

The commodities trading house Trafigura and a bank are testing blockchain as a way to settle deals in the US oil market, a sign of the potential for digital technology to change how barrels of crude are bought and sold. Blockchain is the electronic ledger originally built to underpin bitcoin markets. Promoters say it will lead to cheaper, more secure ways of settling all kinds of transactions, […]

Oman is most likely to face a “forced currency devaluation” in coming years due weak oil prices and low financial buffers, according to a new report. In its report issued on Wednesday, BMI Research, a Fitch Group Company, said that the “probability of such a move is rising.” Oman’s crude oil price have declined to $45.9 per barrel driven by weakness in global energy markets since early-2017, […]

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