German tech giant SAP said that it will be expanding the enterprise offerings available on its HANA Cloud Platform for Internet of Things (IoT). Making the announcement at the IoT World 2016 conference being held in Santa Clara, Calif., this week, SAP said the new offerings will be focused on helping enterprises provide new customer outcomes. “SAP is helping customers map their journeys through digital transformation, and […]
A man is seen next to a Firefox logo at a Mozilla stand during the Mobile World Congress in Barcelona, February 28, 2013. Reuters/Albert Gea Mozilla Corp has asked a federal judge to order the U.S. government to disclose a vulnerability in its Firefox web browser that the company says the FBI exploited to investigate users of a large and secretive child pornography website. Mozilla filed papers […]
The latest update to SugarCRM’s customer relationship management (CRM) platform adds several new capabilities aimed at providing sales and marketing professionals with “more timely and relevant” information about their customers. Sugar 7.7 adds new support for custom tags to help users better classify information about their customers in ways that work for them, the company said. The updated platform also improves search capabilities to deliver the most […]
Microsoft unveiled a new insider preview build for Windows 10 yesterday. The new version, titled Windows 10 Insider Preview Build 14342, includes the much-anticipated updates for extensions support for the Edge browser, along with real-time Web notifications and the ability to navigate using swipe gestures. The new build also contains a slew of fixes for known issues such as problems with DRM-protected content, bugs causing audio content […]
Separate investigations by the Federal Communications Commission (FCC) and the Federal Trade Commission (FTC) have been launched into how smartphone makers and wireless service providers handle device security updates for their customers. Following a resolution adopted by FTC commissioners Friday, the agency is ordering eight mobile device companies to submit information about how and when they decide to issue security patches for vulnerabilities. The companies that must […]
Security analyst Rachit Sood (R) registers for the Black Hat USA 2015 cyber security conference in Las Vegas, Nevada August 4, 2015. Reuters/ STEVE MARCUS/Files SAN FRANCISCO A number of young technology security companies are losing access to the largest collection of industry analysis of computer viruses, a setback industry experts say will increase exposure to hackers. The policy change at the information-sharing pioneer VirusTotal takes aim […]
|By Matein Khalid| Habib Bank Ltd is one of the Pakistan’s oldest, biggest retail/corporate banks, privatized last year with a 51% controlling stake held by the Aga Khan Fund for Economic Development. Its recent price fall from 240 to 172 rupees (PKR, not INR!) is a compelling opportunity to own an undervalued, well managed proxy for consumption and credit offtake in a 190 million population country now […]
|By Rashidul Bari | Meet Soborno Isaac Bari, known as “4-Year-Old Einstein,” who has a very strange dream: He wants to get into Harvard at the age of 10, via the SAT. Of course, the SAT can’t determine whether he’s truly ready for college-level courses, but not many 4-year-olds can solve chemistry problems. His knowledge of the periodic table has impressed several academic institutions, including City University of New […]
1Malaysia Development Bhd. defaulted on a $1.75 billion bond this week. It missed a $50 million interest payment amid a dispute with Abu Dhabi’s sovereign wealth fund over who is required to make the payment. The default is the latest episode in financial scandals that have rocked 1MDB, already a target of of global investigations into allegations of money laundering and embezzlement. Abu Dhabi’s International Petroleum Investment […]
|By Matein Khalid| After five years of pathetic under-performance, emerging markets are easily the asset class to own in 2016, as Europe is hit by a resurgent Euro/Italian banking woes and Japan by institutional gaijin selling and a stronger yen. A dovish Janet Yellen has talked down the US dollar and deferred the timing of FOMC interest rate hikes. The Chinese Politburo and People’s Bank have managed to […]
A man is seen near cyber code and the U.S. National Security Agency logo in this photo illustration taken in Sarajevo March 11, 2015. Reuters/Dado Ruvic SAN FRANCISCO Internet traffic to Wikipedia pages summarizing knowledge about terror groups and their tools plunged nearly 30 percent after revelations of widespread Web monitoring by the U.S. National Security Agency, suggesting that concerns about government snooping are hurting the ordinary […]
By MICHAEL D. SHEAR April 25, 2016 HANOVER, Germany — The United States will significantly increase the number of military personnel, including Special Forces, in Syria to fight the Islamic State, President Obama said on Monday as he concluded a six-day trip to the Middle East, Britain and Germany. Mr. Obama, whose comments came in a speech in which he pressed for European unity, said that he would add 250 […]
Verizon Deploys OpenStack NFV in 5 U.S. Data Centers Working with Big Switch Networks, Dell and Red Hat, Verizon said it has just wrapped up “the industry’s largest-known” network functions virtualization (NFV) OpenStack cloud deployment across five of its data centers in the U.S. NFV enables network services typically provided by separate devices like routers, firewalls and load balancers to be delivered through a virtual machine environment. […]
A Toshiba Corp logo displayed on one of its television sets is seen through a vehicle in Tokyo, Japan, November 26, 2015. Reuters/Toru Hanai/Files TOKYO Toshiba Corp, in a hurry to raise cash before closing its books for the business year that ended at the end of last month, was able to structure the sale of its medical equipment business to Canon Inc in an unorthodox way […]
BANGKOK After more than two years of riding high on growing demand for cloud data storage, Thailand’s hard disk drive exporters are bracing for a fall from grace. Data due later on Monday will likely show Thai exports of hard disk drives (HDDs) in March extended a run of double-digit growth after jumping 45 percent in the first two months of 2016 to $1.1 billion. The rise […]
INTERNATIONAL. There are now approximately 1,300 corporate venture funds worldwide and in 2015 US$28b of corporate venture capital (CVC) flowed into over 1,300 deals across a range of sectors[1]. The growth in the CVC market is explored in a new EY report, The Innovation Paradox, which, through data analysis and in-depth interviews with a range of corporate fund managers, looks at the variety of strategies, approaches and […]
Oil advanced to a five-month high as declining U.S. crude production provided more evidence that the market is rebalancing. Futures rose 1.3 percent in New York, bringing this week’s gains to 8.3 percent. U.S. crude output dropped a sixth week, while production in Colombia fell last month. Lower prices have curbed investment in new fields. Schlumberger Ltd. cut more jobs in the first quarter as the world’s largest […]
Microsoft released the latest build of Windows 10 to members of its Insider Preview program today. The release, labeled Build 14328, includes upgrades to Windows Ink, the Start button, Cortana, and the Search function. The company released a previous version of the build for mobile devices earlier this week, so this latest version focuses primarily on PC functionality. There are so many changes in the latest build […]
Saudi Arabia’s Public Investment Fund is seeking to recruit senior bankers to help the kingdom run what may become the world’s largest sovereign wealth fund, according to people with knowledge of the matter. The fund, which holds about $100 billion worth of stakes in local companies, is working with U.S.-based executive search firm Korn Ferry International to hire for positions including the head of private equity, head […]
JPMorgan Chase & Co. and Michael Klein, the former Citigroup Inc. investment banker who runs his own boutique, have been selected to advise on state-owned Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the matter. Klein is providing strategic advice to the government, while JPMorgan is working on preparations for the IPO and may be among the banks that underwrite the listing, the […]
Saudi Arabia won’t restrain its oil production unless other producers, including Iran, agree to freeze output at a meeting this weekend in Doha, the kingdom’s deputy crown prince said. The world’s biggest crude exporter would cap its market share at about 10.3 million to 10.4 million barrels a day, if producers agree to the freeze, Prince Mohammed bin Salman said during an interview on Thursday at King […]
Top executives at the world’s largest oil-trading houses said the worst of the market’s woes are probably over, with some predicting prices will climb to $50 a barrel by next year. “The down market is behind us,” Torbjorn Tornqvist, chief executive officer of Gunvor Group Ltd., said on Tuesday at the FT Global Commodities Summit in Lausanne. “It is the beginning of the end of that for […]
|By Arabian Post Staff| The way gold is bought and sold in London, the world’s largest gold-trading hub, may finally give way to newer methods to ensure that the city retains its status as a major gold hub. Currently, more gold is sold and bought in New York and Shanghai than London. Reports suggest that the London Bullion Market Association and the World Gold Council are pursuing […]
Barclays Plc still has “critical mass” to compete in the Middle East and will aim to help local companies raise capital even as it scales back lending, Chief Executive Officer Jes Staley said. The U.K. lender has more than 200 employees in the United Arab Emirates after job cuts in the country this year and will continue to operate its corporate, investment banking and wealth management businesses […]
