With the narrative of how the Comey firing went down in constant flux (The White House and President Trump contradicting each other), WSJ reports that Deputy Attorney General Rod Rosenstein pressed White House counsel Don McGahn to correct what he felt was an inaccurate White House depiction of the events surrounding FBI Director James Comey’s firing, according to a person familiar with the conversation. If you’re confused […]
Local journalism has been hit hard in the last decade. That hasn’t stopped. But in a survey of more than 400 journalists at newspapers with a circulation of under 50,000, the majority of journalists surveyed expressed optimism about the future. The study, by Christopher Ali and Damian Radcliffe, fellows at the Tow Center for Digital Journalism, was published today in Columbia Journalism Review. Ali and Radcliffe also […]
Ericsson has launched its “dynamic orchestration” solution, which the networking giant said will allow mobile telecommunications carriers to migrate to 5G and Internet of Things (IoT) applications by virtualising their networks. Ericsson’s self-professed “ambition to lead IT transformation services” led it to develop the solution, which delivers cloud-based software and professional services on demand and in real time, with the solution working across hybrid networks and multiple […]
Driverless vehicles will likely be too cautious around humans, giving them the right of way in every circumstance, possibly creating new traffic problems. The benefits of driverless cars have been discussed repeatedly: road safety, a decrease in traffic, and the ability for those with disabilities to get around more easily, just to name a few. But as with most emerging […]
On a cold, rainy day at the end of April, more than 30 people gathered at a co-working space in Charlotte, North Carolina for a public conversation about the future of news in the state. Five days later, more than 50 people got together for a similar conversation at a jazz club in downtown Durham. At both events, attendees — which included local journalists and community activists […]
Back to normal, for now… South African stocks hit an 11-month high on Tuesday, as markets calm a month after the surprise ousting of the country’s finance minister, but analysts warned that political worries could rear their heads again soon. The FTSE/JSE All-Share index climbed 1 per cent today, hitting a high of 54,255, its highest level since June 2016. Bank stocks, which were particularly badly hit […]
Malta’s embattled prime minister, Joseph Muscat, is facing a growing rebellion in Brussels, where MEPs are openly calling for his departure amid a growing corruption scandal involving his wife, a Panamanian shell company and alleged payments from the president of Azerbaijan’s daughter. The Mediterranean island state’s presidency of the EU, which began in January, has been rocked by allegations of money laundering and kickbacks. Malta’s spell at […]
While the hedge fund world finds itself in a time of crisis, with a “great rotation” of capital away from active management which continues to largely underperform the broader market, and toward cheaper, passive strategies, nothing could spoil the mood at one of the industry’s biggest events held today at the Lincoln Center, the 22nd annual Ira Sohn conference, where a dozen of the hedge fund industry’s […]
By Anthony Esposito | MONTERREY, Mexico MONTERREY, Mexico Engineers from across Mexico streamed into a cramped hotel lobby in the industrial city of Monterrey for a chance of a job with the U.S. electric vehicle maker Tesla Inc (TSLA.O), which is looking south of the border for talent in short supply at home. The fair was held at a delicate time for American firms hiring abroad as […]
May 6, 2017 by: Jeevan Vasagar in Singapore and Michael Peel in Bangkok Puma Energy, the fuel storage and petrol station business backed by Swiss commodities trading house Trafigura, wants to expand in Myanmar across a range of fuel and petroleum products after opening a $100m storage facility at the southern port of Thilawa. The new terminal, with a capacity of 91m cubic metres, opens the prospect […]
Wells Fargo has warned its litigation bill could be $200m higher than previously thought as the US bank sheds new light on a series of lawsuits it is facing over the bogus account scandal. In a quarterly filing on Friday, Wells said “reasonably possible” losses from legal actions against it could exceed its existing provisions by $2bn — up from a $1.8bn figure it disclosed three months […]
Trump may bring jobs back to the US, but robots will get them This could be an important victory for a new president, a major capitulation by an Indian IT company or the emergence of a new model for Indian IT in the face of a rapidly shifting business landscape — or, as the case may be, all of the above. A few days ago, Indian IT […]
It’s been two years since rumors about an “Apple car” first emerged. Not surprisingly, the notoriously secretive company hasn’t divulged any details about its plans. But if a car is on the horizon, Cupertino can’t stay quiet for too long. You can hide a smartphone in a lab, but it’s difficult to not have a public presence when developing a vehicle, which requires road testing, typically in […]
UAE members of LinkedIn, the online professional network, have been ranked the most connected in the world with an average of more than 200 per individual. New figures released by LinkedIn showed that UAE-based users have an average of 211 connections. They also revealed that the network has hit the 500 million members milestone globally and 22 million members in the MENA region. Ali Matar, head of […]
Fun times, tan lines, and the threat of tick-borne diseases. Apparently, this is what summer has got in store for us this year. As if blacklegged ticks in the country aren’t already teeming with enough pathogens to make us go crazy, there’s a new tick infection to add to the list — Powassan virus. Rumor has it, it’s even worse than Lyme disease. What Is Powassan Virus? […]
The insurgent groups suspended participation in the talks on Wednesday to protest what they described as heavy bombing by the Syrian government’s Russian-backed forces the day before that killed dozens, including civilians. Continue reading the main story The Russian proposal does not specify measures to prevent government warplanes from carrying out such bombings. Rebels said they remained suspicious of Russian guarantees, regardless, because Russia has been unable […]
By Yeganeh Torbati | WASHINGTON WASHINGTON U.S. Secretary of State Rex Tillerson on Wednesday outlined for his staff how an “America First” agenda translates into foreign policy, but did not address the Trump administration’s proposed budget cuts, which worry many diplomats. It was the first time Tillerson had addressed all employees since his first day on the job on Feb. 2, when he spoke to hundreds of […]
Two years ago, our “Collaborative Security Approach” proposed a way of tackling Internet security issues based on the fundamental properties of the Internet and the voluntary cooperation and collaboration that’s been prominent throughout the Internet’s history. In this post, let us look at each of the five key Collaborative Security characteristics as they apply to security of the Internet of Things (IoT). Fostering Confidence and Protecting Opportunities. […]
(Image: Hawking.org) It’s a pet obsession that both physicist Stephen Hawking and entrepreneur Elon Musk — two people credited with pushing the boundaries of technology and science in pioneering ways — have in common: Rampaging intelligence, borne within machines, could end the human race if utilized dangerously. “I believe there is no real difference between what can be achieved by a biological brain and what can be […]
By Lawrence Delevingne | BEVERLY HILLS, Calif. BEVERLY HILLS, Calif. Titans of U.S. industry and Wall Street gather in Beverly Hills this week to discuss how to navigate – and profit from – hot topics such as U.S. tax reform, the upcoming French election and Chinese economic growth. U.S. President Donald Trump’s first 100 days and the next 1,000, as well as the outlook for liberal democracy […]
Ben Wilson from Pacific Crest thinks it’s unlikely that a new device will replace the smartphone for most purposes. Instead, it will be supplemented by AI-based services such as Amazon’s Alexa. The smartphone is just another iteration of the everyday experience that computers have been getting smaller and smaller for the past 60 years. We’ve already moved from mainframes, minicomputers, workstations, personal computers, laptops, and handhelds to […]
The news these days continues to be filled with reports that traditional stores are at last being sustainably displaced by fast growing online competitors. Startups in online shopping, media, travel, financial services, sharing economy, and finally even healthcare, have either invented popular new high-growth digital categories or are in the midst of successfully re-imagining the old ones in digital native terms. In the 2000s, the digital disruption […]
Emerging from an Hermès store in Shanghai with a shiny new watch costing “tens of thousands” of renminbi, Zhao Feifei is emblematic of a younger generation of Chinese consumers driving a rebound in sales of European luxury brands. “I’m earning more than before so I’m more willing to spend,” says Ms Zhao, who works in an internet finance company. The 30-year-old is one of the many customers […]
Sadara’s 26-plant chemical complex makes strong headway towards full operation with completion of plastics envelope JUBAIL, Saudi Arabia, April 27, 2017 – Sadara Chemical Company (Sadara) announced today the startup of its fourth and final polyethylene unit, the High Pressure Low Density Polyethylene (HP-LDPE) Train. This marks a significant milestone for the company as it continues to bring its world-scale manufacturing facilities on stream. The HP-LDPE Train […]
