When Intel’s chief executive addressed shareholders at last month’s investor day, he insisted that the “traditional market view” of the company as a Silicon Valley stalwart making chips for PCs and servers was wrong. “The way we look at the world is a bit different,” Brian Krzanich said. “We are a data company.” Investors would soon discover just how differently Mr Krzanich was looking at Intel’s world. […]
PC shipments in Australia totalled 1.12 million units in the fourth quarter of 2016, beating market expectations, according to research firm IDC. The total for the quarter, which included both desktops and tablets, was down year on year by 3.2 percent. However, the decline was an improvement on the forecast 10.2 percent drop. While the first half of last year was affected by Dick Smith’s shutdown, high […]
SEOUL North Korea warned the United States on Tuesday of “merciless” attacks if an aircraft carrier strike group led by the USS Carl Vinson, which is joining South Korean forces for exercises, infringes on its sovereignty or dignity. North Korea, which has alarmed its neighbours with two nuclear tests and a string of missile launches since last year, said the arrival of the U.S. strike group was […]
When it comes to easing stress, insomnia and nagging, painful knots in the neck and shoulders, Chinese cupping therapy is one of the most effective therapies around. But it can be hard to find practitioners, painful when the cups that are suctioned to the skin are removed and weird to walk around with circular bruises all over your back for days after. That’s why I was intrigued […]
OSLO Natural swings in the Arctic climate have caused up to half the precipitous losses of sea ice around the North Pole in recent decades, with the rest driven by man-made global warming, scientists said on Monday. The study indicates that an ice-free Arctic Ocean, often feared to be just years away, in one of the starkest signs of man-made global warming, could be delayed if nature […]
Phishing scams continue to be an effective method. Image: Getty Images/iStockphoto Staff are still falling for phishing scams, with social media friend requests and emails pretending to come from the HR department among the ones most likely to fool workers into handing over usernames and passwords. Phishing scams aim to trick staff into handing over data — normally usernames and passwords — by posing as legitimate email. […]
By Tova Cohen and Ari Rabinovitch | JERUSALEM JERUSALEM U.S. chip giant Intel (INTC.O) has agreed to buy Israeli driverless technology firm Mobileye (MBLY.N) for $15.3 billion, the largest ever acquisition of an Israeli high-tech company. The $63.54 per share cash deal is the world’s biggest purchase of a company solely focused on the autonomous driving sector. Mobileye accounts for 70 percent of the global market for […]
Volkswagen Volkswagen has already taken a battering to its reputation due to the emissions scandal and is now tarnished further as the automaker has pleaded guilty to criminal charges as part of a settlement with the US Department of Justice (DoJ). On Friday, the automaker pleaded guilty in a Detroit federal court to felonies in connection with the 2015 emissions scandal. For years, the company sold a’clean […]
By James Pomfret | NANSAN, China NANSAN, China Within earshot of mortar fire echoing from beyond a ring of hills, a sprawling relief camp in Southwestern China is swelling steadily after fighting erupted last week between a rebel ethnic army in Myanmar and government troops just across the border. In a recent Reuters visit to the rugged area in southwestern Yunnan province, aid workers and those displaced […]
TAIPEI China does not understand Taiwan’s laws and its democracy, a senior Taiwanese justice ministry official said Monday, in the latest spat between the self-ruled island and Beijing, after island authorities detained a Chinese man in a suspected spy case. Deputy justice minister Chen Ming-tang said comments from a senior Chinese official that Taiwan was trying to use the case to stir up trouble with China was […]
SEOUL Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude LCOc1 had fallen 35 cents, or 0.68 percent, to its lowest since Nov. 30 at $51.02 per barrel by 0231 GMT. It closed the previous session down 1.6 percent at $51.37. U.S. West Texas Intermediate crude (WTI) CLc1 […]
March 13, 2017 by: Lucy Hornby and Archie Zhang in Beijing and Jane Pong in Hong Kong Sceptics about China’s economic statistics have taken a special pleasure in revelations of faked data in the north-eastern province of Liaoning dating at least to 2011. Along with an officially reported contraction in its economy last year, they have given the impression that Liaoning’s economy is unusually troubled. That impression may be […]
By Jeremy Wagstaff | SINGAPORE SINGAPORE In today’s so-called smart home, you can dim the lights, order more toothpaste or tell the kids to go to bed simply by talking to a small Wifi-connected speaker, such as Amazon’s (AMZN.O) Echo or Google’s (GOOGL.O) Home. This voice-first market – combining voice with artificial intelligence (AI) – barely existed in 2014. This year, Voice Labs, a consultancy, expects 24.5 […]
PolitiFact, the national political fact-checking franchise started by the Poynter-owned Tampa Bay Times, has lost seven of its statewide partners since the presidential campaign. Partners in Providence, Rhode Island, Des Moines, Iowa and Richmond, Virginia all discontinued their PolitiFact franchises within the last year, according to a report from the Duke Reporters’ Lab. E.W. Scripps Television Stations, which operated four statewide PolitiFact affiliates, opted not to renew […]
CAIRO Cairo’s population is set to grow by 500,000 this year, more than any other city in the world, adding to the pressure on an Egyptian economy struggling to recover from six years of political turmoil. Greater Cairo, a metropolitan area including the cities of Cairo, Giza and Qalyubia, is home to some 22.8 million people and will gain another half a million in 2017, a Euromonitor […]
DUBAI // Lubna is a 38-year-old mother who fears she will soon be forced to live on the streets, along with her three-year-old son. She lives in a rented flat paid for by a benefactor. “It’s paid for until the middle the month but then I am on the streets,” she says. Lubna wasn’t always living with the threat of homelessness. She came to Dubai seven years […]
By Kawa Omar | MOSUL, Iraq MOSUL, Iraq After two and a half years under Islamic State control, all that is left in Mosul’s museum are the traces of looting and destruction. Inside the rubble-strewn building, where militants filmed themselves destroying ancient artifacts, the large stone wing of a statue of lamassu — an Assyrian winged bull deity — lies on the dusty floor among other broken […]
Burkhard Varnholt last week paid €14 for lunch for two people at a smart restaurant in Berlin. “The euro is so cheap,” says Credit Suisse’s deputy chief investment officer. It is cheap because of one factor: Marine Le Pen. In normal circumstances, the euro would be trading a lot higher on the back of the eurozone’s record current account surplus, an unemployment rate at its lowest in […]
HODEIDAH At least 22 civilians were killed on Friday and dozens wounded when a Saudi-led coalition air strike hit a market in western Yemen causing a fire to break out, a local official said. Missiles launched by fighter jets of the Arab alliance hit a market selling the mild narcotic leaf qat, which is popular among Yemenis, near the Red Sea fishing town of Khoukha. Rescue workers […]
Business conditions in the UAE’s non-oil private sector continued to improve in February, with a sharp increase in inflows of new work underpinning a robust expansion of output, according to a new survey Data from the Emirates NBD UAE Purchasing Managers’ Index (PMI) showed that strong demand conditions and a favourable economic environment encouraged companies to scale up purchasing activity and hire additional workers over the month. […]
MEPs: Bankers, lawyers and accountants are “enablers” of tax avoidance A WIDE SUPPORT NETWORK of professional organisations “played a crucial role” in the biggest financial tax evasion scandal in world history, according to MEPs interrogating the circumstances and causes behind the Panama Papers tax scandal. Institutions of bankers, lawyers and accountants acted as “enablers and promoters of tax avoidance” allowing corporate and financial interests to slash trillions […]
U.S. used-auto retailer Carvana LLC, which allows customers to pick up cars they buy on the internet from vending machine-like towers, has tapped investment banks for an initial public offering, according to people familiar with the matter. The move comes as more consumers become comfortable with online used-car purchases. TrueCar Inc (TRUE.O), for example, a car-shopping service that matches buyers with dealers online, has seen its shares […]
The two most powerful men in the world oil market appeared together in Houston on Tuesday to tell the world that their strategy was on track. In December, Khalid al-Falih and Alexander Novak, the energy ministers of Saudi Arabia and Russia, orchestrated a 24-nation plan to cut oil output in the first half of 2017. This week they spoke to reporters in a hotel conference room at the […]
Given the amount of Panameras you see on the roads here, you have to conclude that Porsche’s luxury family-moving saloon was a sizeable driver in the company’s significant rise in sales in the region last year. How heavily environmental concerns weighed on buyers’ minds while handing over their hard-earned cash – or if anybody at all decided against it in favour of holding out for an all-wheel […]
