Vocus Communications has announced selling its 16 percent stake in Macquarie Telecom, offloading 3,358,511 MAQ shares at a price of AU$12.20 per share for a total of around AU$41 million. Vocus sold 100 percent of its interest in Macquarie Telecom to both institutional and retail shareholders via a block trade, it announced to the Australian Securities Exchange on Tuesday morning. According to Macquarie Telecom, the sale of […]
T-Mobile is now offering complimentary AppleCare+ perks for customers who sign up for its Premium Device Protection plan or those who upgrade to JUMP! For those unfamiliar with the service, AppleCare+ is Apple’s extended warranty service for iPhone and iPad, offering a number of benefits to in case something goes wrong with the device. T-Mobile’s new offer notes that it’s including complimentary AppleCare service with JUMP! or its […]
The location and energy potential, in terawatt hours, of eastern and southern African renewable resources (wind, solar photovoltaic and concentrating solar power). Credit: UC Berkeley As Africa gears up for a tripling of electricity demand by 2030, a new Berkeley study maps out a viable strategy for developing wind and solar power while simultaneously reducing the continent’s reliance on fossil fuels and lowering power plant construction costs. […]
Peruvian ceviche is the new sushi, according to Sanjay Dwivedi, the executive chef at Coya, which has venues in London, Miami, Dubai and, as of last week, at The Galleria in Abu Dhabi. Coya’s debut in the capital marks the latest in a long list of South American-inspired eateries to have popped up in the UAE in recent months – from Pollo Pollo and Lima to Inka. […]
Following a car accident involving one of its self-driving cars, Uber is officially pulling out its autonomous testing program in Arizona, in addition to pausing its Pittsburgh test bed. This is the latest for a company currently facing a diverse set of controversies: from workplace sexism to Kalanick’s perceived lack of leadership to pressing accounts of its noxious office culture. Uber’s Self-Driving Car Crashes In a photo first […]
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 […]
Why Fort Lauderdale? At the centre of a south Florida coastal strip stretching from West Palm Beach to Miami, Fort Lauderdale is still, in many people’s minds, the quintessential Florida holiday destination, famous for its excellent beaches, which became synonymous with the image of thousands of partying college students on “spring break”. While its beaches are still fantastic – with clear water, soft sand and a well-planned […]
As part of a government initiative to address the growing incidence of sudden infant death syndrome (SIDS) in the country, several U.S. states have reportedly started giving away free baby boxes to parents of newborn babies. What Is A Baby Box? The baby box initiative originally started in Finland in the later 1930s. During this period, one of out 10 Finnish babies died in their first year. A […]
ROME Humanitarian ships rescued almost 1,200 migrants who were crossing the Mediterranean Sea at the weekend on an array of small, tightly packed boats, Doctors Without Borders said on Sunday. A young woman was found unconscious on one of the vessels and later died, the group said. Some 412 people were crammed onto a single wooden boat, while the others were picked up from huge inflatable dinghies, […]
Fresh from a mammoth, big budget UAE show, Guns n’ Roses have been named the top grossing live act in the world. According to stats compiled by Pollstar, the reformed rock legends bank an average of $5,004,737 (Dh18.3 million) per show, with the average ticket price set at $101.82 (Dh373). Regular tickets for the band’s controversy struck show at Dubai Autism Rocks Arena on March 3 – […]
MyRepublic has said that retail service providers (RSPs) cannot offer gigabit-speed services on Australia’s National Broadband Network (NBN) for anything less than AU$300 thanks to the connectivity virtual circuit (CVC) charge. The comments came in response to NBN CEO Bill Morrow’s claims last month that consumers don’t need and wouldn’t use 1Gbps broadband, as evidenced by the fact that no RSPs have taken up NBN’s offer to […]
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 […]
By Vladimir Soldatkin and Rania El Gamal | KUWAIT KUWAIT A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. An earlier draft of the statement said the committee “reports high level of conformity and recommends six-month extension”. But the final statement […]
The power of the movies to mould public opinion has never been lost on politicians, but rarely do they get to wield it as a tool for pro-war propaganda with such force as during the Second World War. A new three-part docuseries that comes to Netflix on Friday, Five Came Back: A Story of Hollywood and the Second World War, “tells the extraordinary story of how Hollywood […]
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 […]
HONG KONG Carrie Lam, who won an election to become Hong Kong’s first female chief executive on Sunday, is a former student activist who climbed the rungs of the civil service over 36 years, and a tough, capable and possibly divisive Beijing-backed leader. Lam, 59, most recently Hong Kong’s number two official, has to unify the Chinese-ruled city as public resentment swells at Beijing’s growing interference in […]
By Minami Funakoshi | TOKYO TOKYO A Vietnamese man held in a Japanese immigration detention centre died on Saturday, six people told Reuters, drawing fresh attention to conditions in the country’s detention system. The man died at the East Japan Immigration Center in Ibaraki prefecture, northeast of Tokyo, according to activists, a lawyer and a detainee held at the facility. Two men died at the same facility […]
LONDON Britain’s biggest retailer Tesco (TSCO.L) is in advanced talks with the Serious Fraud Office (SFO) over a plea deal that would involve it paying a large fine over its 2014 profit overstatement, Sky news said on Saturday. Sky said it had learned that lawyers acting for Tesco are closing in on a deferred prosecution agreement (DPA) following months of discussions with the SFO. It cited unnamed […]
ABU DHABI // The mother of the three Emirati sisters who were attacked by a drug addict with a claw hammer in a London hotel three years ago has spoken for the first time about how the family’s lives were “destroyed overnight”. Speaking exclusively to The National, Kedhaya Al Mulla recalled the horror of finding out about the incident in which her daughters almost died and which […]
The terror attack that struck London last week lasted less than a minute and a half from the moment the killer’s car mounted the pavement on Westminster Bridge to the second he was shot, Scotland Yard has revealed. The information emerged as detectives confirmed that they are still trying to establish whether the attacker, Khalid Masood, worked alone or with an accomplice. Four people died and 50 […]
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 […]
ABU DHABI // The countdown to the Special Olympics World Games Abu Dhabi 2019 officially began in the early hours of Saturday morning as the Winter Games came to a close in Austria. The capital won the bid to host the 2019 Games last year after the board of directors unanimously voted in Abu Dhabi’s favour. The event will be the region’s first sporting event for athletes […]
Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today’s markets are dangerously overpriced. Being market fundamentalists who don’t believe it’s possible to simply print prosperity out of thin air, we’ve been deeply skeptical of the financial markets ever since the central banks began their highly interventionist policies. Since 2009, they have […]
By Suzanne Barlyn | NEW YORK NEW YORK American International Group Inc (AIG.N) executives have been meeting with investors and analysts to build confidence in the insurer and its turnaround plan amid uncertainty over a replacement for outgoing Chief Executive Officer Peter Hancock. Chief Financial Officer Sid Sankaran, commercial insurance head Robert Schimek and consumer insurance head Kevin Hogan held one meeting with a group of Wall […]
