General Motors Co., the largest U.S. automaker, will introduce a Cadillac model in two years that can travel on the highway without the driver holding the steering wheel or putting a foot on a pedal. The 2017 Cadillac model will feature “Super Cruise” technology that takes control of steering, acceleration and braking at highway speeds of 70 miles per hour or in stop-and-go congested traffic, Chief Executive […]
|By TAP Staff| Abu Dhabi is hosting a meeting of Global Opportunity Network on September 9, along with London, Shanghai, San Fransisco, Mumbai and other global cities. The meeting will discuss how the pressure for change can be used to create more resilient and sustainable societies. Global Opportunity Network has presented five risks that will inspire this year’s opportunity panels. The Abu Dhabi meeting will take place […]
By Leila Abboud PARIS Mon Sep 8, 2014 12:50pm IST A computer user poses in front of a Google search page in this photo illustration taken in Brussels May 30, 2014. Credit: Reuters/Francois Lenoir/Files A panel appointed by search engine Google will hold the first of a series of meetings on Tuesday to debate the balance between privacy and the free flow of information after a May […]
Photo: Alamy When we were young, my brother and I used to argue with our parents over bedtime, pushing it later and later so that we could squeeze in more stories. Beatrix Potter’s were our favourites, though my dad preferred Tom Sawyer. My mum and dad always read us to sleep, and when I was older, I waited to hear their footsteps on the stairs. As soon […]
By Paul Carsten BEIJING Mon Sep 8, 2014 11:12am IST A picture illustration shows a WeChat app icon in Beijing, December 5, 2013. Credit: Reuters/Petar Kujundzic/Files BEIJING (Reuters) – Apple Inc has a lot for which to thank people like Deng. A Beijing-based quality analyst, she gave only her surname as she’s embarrassed by how much money she spends playing mobile games on WeChat, a hugely popular […]
By Ben Klayman DETROIT Mon Sep 8, 2014 8:27am IST The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan August 25, 2009. Credit: Reuters/Jeff Kowalsky/Files DETROIT (Reuters) – General Motors Co will introduce in two years its first car that can communicate with other vehicles to help avoid accidents and ease traffic congestion, Chief Executive Mary Barra said on Sunday. […]
|By TAP Staff|Meraas Holding said the first phase of its ambitious e $2.7 billion Dubai Parks and Resorts project incorporating the Legoland park would be completed by 2016. In addition to the Legoland park, that initial phase will include a Bollywood-themed park celebrating the Indian film industry and another known as Motiongate Dubai promising to bring Hollywood characters to life. Plans also call for a central retail […]
Bloomberg News London Stock Exchange Group ’s two biggest shareholders have adopted rather different strategies over the company’s £938 million ($1.5 billion) rights issue to fund its acquisition of Russell Investments. Shortly after the deal was first announced in June, Qatar Holding sold a third of its stake in the company, cutting its holding to 10.3%. People close to the fund said at the time that it […]
Valérie Trierweiler, the high-heeled hellcat whose memoir of their time together has plunged the surreally unpopular president into the biggest crisis anyone at the Elysée Palace can recall Photo: REX FEATURES Beneath the twinkling chandeliers of Cardiff Castle’s banqueting hall last week, François Hollande wore the pale, sweaty look of a man in big trouble. Back home, the economy was collapsing, the public was in revolt, the government […]
Tory strategists: George Osborne and Lynton Crosby (right) Photo: REX FEATURES The Scottish opinion polls were looking bad for the “No” campaign. Their ratings were sliding downhill faster than a fat man on a skeleton bob. A new report had claimed that there was £300 billion’s worth of oil waiting to be fracked off the coast of Scotland. And all they could offer to stem the Nationalist surge were […]
By Christina Farr SAN FRANCISCO Sat Sep 6, 2014 6:41pm IST The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New York April 22, 2014. Credit: Reuters/Brendan McDermid/Files SAN FRANCISCO (Reuters) – Apple Inc has invited top fashion editors and bloggers in unprecedented numbers to its Tuesday launch gala, further evidence that the iPhone maker is preparing to […]
Goodbye, goodbye, goodbye. . . more could be done to improve the productivity of each police officer, says Tom Winsor Photo: Alamy At first, when her south London flat was broken into last winter, Zena Ambrose couldn’t have been more impressed with the response from the police. The communications consultant returned home from work late at night to find a burglar had stolen her MacBook, driving licence and designer clothes […]
BEIJING Fri Sep 5, 2014 8:51am IST A man walks past a logo during the presentation the Huawei’s new smartphone, the Ascend P7, launched by China’s Huawei Technologies in Paris, May 7, 2014. Credit: Reuters/Philippe Wojazer/Files Related Topics Stocks Snapshots from Australian PM Tony Abbott’s tour of India. Photos BEIJING (Reuters) – Huawei Technologies Co Ltd unveiled on Friday a slate of new devices meant […]
Al Qaeda leader Ayman al Zawahri on Wednesday announced the formation of an Indian branch of his militant group he said would spread Islamic rule and “raise the flag of jihad” across the subcontinent. In a 55-minute video posted online, Zawahri also renewed a longstanding vow of loyalty to Afghan Taliban leader Mullah Omar, in an apparent snub to the Islamic State armed group challenging al Qaeda […]
Sharjah is offering investors an enticement that fellow emirate Dubai doesn’t as the sheikhdom gears up for its first Shariah-compliant bond sale this month: a credit rating. The emirate, which is more than twice the size of New York City, may price the debt to yield 2.5 percent to 3 percent if it’s a five-year issue, according to three fixed-income analysts surveyed by Bloomberg. That compares with […]
Spurred by a rapidly deteriorating economy, the International Monetary Fund has approved a three-year extended credit facility worth $552 million with Yemen, the impoverished Arab nation that has become a breeding ground for the terrorist group al Qaeda in the Arabian Peninsula. The lifeline will provide some relief for Yemeni authorities who face a myriad of political and security challenges that continue to drag on the economy. […]
By Nivedita Bhattacharjee MUMBAI Wed Sep 3, 2014 11:01am IST Android mascots are lined up in the demonstration area at the Google I/O Developers Conference in the Moscone Center in San Francisco, California, May 10, 2011. Credit: Reuters/Beck Diefenbach/Files MUMBAI (Reuters) – Google Inc’s (GOOGL.O) partnership with three Indian phone makers is set to rev up fast-growing demand for lower priced smartphones, and spell more trouble for […]
Islamic debt could become a source of funding for U.K. infrastructure projects from wind turbines to high-speed trains and airports as Britain cements its position as the first sukuk market in a non-Muslim nation. Investors including Bank of London and the Middle East see scope for the U.K. to issue Shariah-compliant bonds with varying maturities after the Debt Management Office attracted bids for more than 10 times […]
Dubai Islamic Bank has ruled out seeking a controlling stake in Bank Panin Syariah, and its plans are limited to raising its stake in the Indonesian lender to 40 percent from 25 percent now, its chief executive said on Tuesday. Dubai Islamic, the largest Islamic bank in the United Arab Emirates, bought 2.42 billion shares in the listed sharia-compliant lender in June, its first foray into southeast […]
Militants from the al-Qaida-inspired Islamic State of Iraq and the Levant (ISIL) taking aim at captured Iraqi soldiers Photo: AP As Islamic State militants in Iraq and Syria butcher thousands of “infidels” and carry off their women and children into slavery, many in the West are inclined to see this as an unique outcrop of Islamic fundamentalism. Yet after overrunning a Bosnian town on 11th July 1995, Bosnian […]
By Robert Mattei: In general I avoid debt. I had one car loan in my life, for my first car, and I borrowed that money from my dad. I pay my credit cards in full every month. I paid off my one and only mortgage in seven years. So writing this article goes against my grain. However, if you believe that today’s low interest rates and inflation […]
NEW DELHI: Diesel price deregulation looks imminent after the difference between retail sale price and its actual cost dropped to a historic low of just 8 paisa. This is the first time in over a decade that retail pump prices are almost in line with imported cost of the nation’s most consumed fuel. Under-recovery or the gap between retail selling price and the cost of import […]
Secretary-General Hassan Al-Thawadi (3rd L) of Qatar’s Supreme Committee for Delivery and Legacy, the nation’s 2022 World Cup organising committee, speaks during a news conference to announce the start of work on the Al-Khor Stadium in Al-Khor in June. Reuters Investors in Qatar are likely to hold their breath, and cash, this month: Well, at least until FIFA reports on its investigation of the bidding process for […]
Meraas Holding, a state-owned property firm that is developing some of Dubai’s most ambitious real estate projects, is in talks with banks to raise up to $4 billion, sources aware of the matter said on Monday. Dubai has bounced back rapidly from a debt crisis in 2008, when property prices fell by more than half, and state-linked property companies have started work on several major projects in […]
