|By Matein Khalid| If ever there was a year to win or lose money big time in emerging markets, 2016 was it. As an investor in the world’s dark alleys (the Third World rebranded as EM!), I am forced to dissect geopolitical, government/monetary policy, foreign exchange, flows, positioning and current account, volatility and credit cycle trends across emerging markets to develop money making strategies. It helps that I […]
Adam Zampa and Ashok Dinda shared the spoils by grabbing three wickets each as Rising Pune Supergiants produced a disciplined bowling effort Visakhapatnam: Delhi Daredevils worsened their chances of making it to the Indian Premier League (IPL) play-offs after going down to Rising Pune Supergiants by 19 runs via Duckworth-Lewis method in a rain-marred tie at the VCA Stadium on Tuesday. Chasing a modest 122, Pune were […]
Researchers at IBM say they’ve achieved a “significant milestone” in an emerging type of memory technology called phase-change memory (PCM). Because it doesn’t lose data when power is turned off and can endure millions of read-write cycles, PCM could eventually enable new levels of performance in a wide range of devices. During a demonstration today at the International Memory Workshop in Paris, IBM researchers showed how they […]
The Firefox Web browser has overtaken both of Microsoft’s browsers put together when it comes to market share, according to a new report. That’s the good news for Mozilla, which develops Firefox. The bad news is that Google’s Chrome browser is leaving both Mozilla and Microsoft in the dust. According to the latest figures from Statcounter, 60.5 percent of worldwide users opted for Chrome as their browser […]
Since shortly after Twitter launched in 2006, users of the microblogging site have generally been limited to tweets of no more than 140 characters each. However, the company is reportedly considering a change to eliminate images and links from that limit. The length restriction on tweets made sense in the pre-smartphone era, when SMS text messages had to abide by similar limits. But today’s much more powerful […]
Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) revealed a more than $1 billion stake in Apple Inc (AAPL.O) in a rare foray into the technology sector, which Buffett has largely shunned apart from a poorly performing investment in IBM (IBM.N). Shares of Apple rose 3.7 percent on the news, closing up $3.36 at $93.88. Berkshire made its investment in the first quarter, before the iPhone maker in April […]
Markets move ‘sideways-to-soft’ ahead of Ramadan amid fears international markets will not be robust Dubai: UAE indices fell on Monday, extending losses for another session as traders repositioned themselves ahead of the Ramadan season. The Dubai Financial Market General Index (DFMGI) closed 0.43 per cent lower at 3,290.37, while the Abu Dhabi Securities Exchange General index closed 0.66 per cent lower at 4,345.31. “UAE markets are moving […]
|By Arabian Post Staff| Saudi Arabia ranks among the top dozen foreign holders of U.S. debt, the Treasury Department disclosed, breaking its silence on the issue for the past four decades. “The stockpile of the world’s biggest oil exporter stood at $116.8 billion as of March, down almost 6 percent from a record in January, according to data the Treasury disclosed Monday in response to a Freedom-of-Information […]
Among the apps and other innovations Google expects to highlight during its I/O 2016 developer conference in Mountain View, Calif., this week is Project Tango, its technology for bringing “a new kind of spatial perception” to the Android device platform. Google is planning “a big expansion” of the project it first unveiled in 2014, according to a report by Bloomberg last week. Much like Google Maps enables […]
Concerns about identity theft, financial fraud and business or government tracking are creating a “chilling effect” on online commerce and free expression, according to analysis of data from a 2015 survey of Internet use conducted for the Department of Commerce’s National Telecommunications and Information Administration (NTIA). Of the 41,000 households asked about privacy and security in the July 2015 U.S. Census Bureau survey for the NTIA, 19 […]
…at least not without saying something about it. I thought this pet peeve belonged just to me, but apparently there are quite a bunch of folks that hate this. And it’s not often that one sees a disguised “colorful” metaphor in the title of a Car Lust post. But if there’s one method of bad driving that gets my blood boiling… it’s people that think they have […]
|By Arabian Post Staff| Emirates Islamic and French financial institution Natixis announced the completion of a US$50 million Collateralised Murabaha deal on the Nasdaq Dubai Murabaha Platform. It is the largest collateralised Murabaha transaction closed by Emirates Islamic this year, and the first of its kind executed on the Nasdaq Dubai Murabaha Platform. A joint initiative between Nasdaq Dubai and Emirates Islamic, Nasdaq Dubai’s Murabaha platform provides […]
WASHINGTON // Researchers dived hundreds of times into a sinkhole in Florida’s Aucilla River and retrieved some of the oldest evidence of human presence in the Americas, including stone tools apparently used to butcher a mastodon. Scientists said the tools, animal bones and mastodon tusk found at the site showed that people had occupied the American south-east 14,550 years ago – about 1,500 years earlier than previously […]
SAN FRANCISCO Apple Inc’s (AAPL.O) $1 billion investment in Chinese ride sharing company Didi Chuxing intensifies a race to acquire technology, talent and market access in a rapidly evolving global personal transportation market. Apple’s investment comes as auto and technology industry executives and investors are placing bets that self-driving car systems, electric vehicles and ride sharing will eventually converge to allow companies to sell rides in self-driving vehicles, […]
In the latest salvo of the battle of the note-taking apps, Google and Evernote announced this week that Google Drive content will now be available in Evernote. In the world of mobile note-taking apps, Evernote is the primary competitor of Microsoft’s OneNote. Evernote had also been competing with Google’s own note-taking app, Google Keep, but Evernote said that integrating with Google Drive content is a natural next […]
|By Arabian Post Staff|The heads of governments of two tax havens, under spotlight for disclosures of corruption and black money, advised major world players including the US to set their own houses in order before bullying small territories like theirs. Addressing an anti-corruption summit in London on Thursday, Allan Bell, chief minister of the Isle of Man, and Cayman Islands Premier Alden McLaughlin called on the U.S. and […]
DUBAI // A group of five cyclists are laying claim to being the first riders to bike through all seven emirates in less than 24 hours. Team leader Roisin Thomas said the group completed the feat in about 21 hours. Starting at 5.30am in Abu Dhabi on Wednesday, the Irish national said the group finished at 2.30am on Thursday morning – about 15 minutes ahead of schedule […]
ABU DHABI // Sheikh Hazza bin Zayed, Deputy Chairman of the Abu Dhabi Executive Council, began tweeting on his official account on Thursday evening. “We are inspired by the late Sheikh Zayed’s most spectacular visions and farsightedness,” Sheikh Hazza said on Twitter, in one of two posts. Sheikh Hazza had 11,000 followers about two hours after posting his first messages on the social-networking site. His Twitter page […]
The latest developer version of Opera Software’s browser features a power-saving mode the company said can extend a laptop’s battery life by almost 50 percent, compared to previous versions of the browser as well as Google Chrome. Opera 39 includes a feature that activates when a laptop is unplugged from a power source. When that happens, a battery icon appears next to the browser’s search and address […]
The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo FRANKFURT SWIFT’s payment network was not hacked in the $81 million heist on the Bangladesh central bank earlier this year, SWIFT’s chief executive said on Thursday, adding it was unlikely to be the last such attack on a bank. Gottfried Leibbrandt said SWIFT’s network, used by firms and institutions across the […]
|By Matein Khalid| The April payrolls data demonstrated that US economic growth has hit a soft patch. The US economy only added 160 jobs in April, less than the expected 203,000 average in the first three months of 2016. One disappointing data point does not imply a macroeconomic trend reversal since the US economy added 2.8 million jobs between March 2015 and March 2016. Statistical and measurement errors […]
A 3D printed Android logo is seen in front of a displayed cyber code in this illustration taken March 22, 2016. Reuters/Dado Ruvic/Illustration/Files SAN FRANCISCO Oracle Corp and Google faced off on Tuesday in a $9 billion intellectual property retrial, with Oracle accusing Google of stealing programming to become the world’s leading smartphone player and Google saying it acted legally as a true innovator. Oracle claims Google’s […]
The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo SWIFT on Monday rejected allegations by officials in Bangladesh that technicians with the global messaging system made the nation’s central bank more vulnerable to hacking before an $81 million cyber heist in February. The comments were in response to a Reuters story that cited Bangladeshi police and a central bank official […]
One of the creators of the artificial intelligence (AI) behind Siri, the digital assistant acquired by Apple in 2010, today demonstrated a next-generation AI called Viv that he said could eventually let people “converse” with any smart device in the Internet of things. Siri creator Dag Kittlaus currently runs a San Jose startup called Viv Labs, founded with fellow Siri creator Adam Cheyer. (Another Siri creator, Tom […]
