Tokyo is struggling to find out who is advising Donald Trump on Japan policy, as the president-elect prepares to meet Prime Minister Shinzo Abe in New York this week in what will be his first meeting with a foreign leader since his victory over Hillary Clinton. Four former US officials said the Japanese embassy had been contacting Asia experts in Washington to identify Trump advisers on Japan […]
Dubai – 14 November 2016 GFH Capital, a subsidiary of Bahrain based GFH Financial Group, today announced an investment in AMA Group for its growing operations in the Kingdom of Bahrain and beyond. The investment will be in the form of a Shari’a compliant convertible Murabaha facility. The AMA Group manages the largest network of educational institutions across Asia. The AMA Group also has various other business […]
U.S. Navy divers and other personnel in a rigid hull Zodiac boat have attached tether lines to a test version of the Orion crew module during Underway Recovery Test 5 in the Pacific Ocean off the coast of California. NASA and the U.S. Navy are conducting a series of tests to practice for recovery of Orion on its return from deep space missions. Source link
By Jessica DiNapoli | NEW YORK NEW YORK American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. The second bankruptcy comes as the retailer struggles to overcome years of losses and rising online competition. The company became a part of popular culture for […]
Snap Inc. — Snapchat’s new name — and Nintendo launched the Spectacles and NES Classic Edition respectively, and they have proved to be some of the hottest tech products this month. The wearable and the retro gaming console are terribly difficult to come by, as they sold like hotcakes when they rolled out. That means there are a lot of disappointed fans out there, and “a lot” is probably […]
Dubai, UAE – November 14, 2016 Gulf Islamic Investments LLC (‘GII’), a UAE based Islamic financial services company, today announced the successful closing of US.$145 million fund raising for “Apttus”, a Silicon valley based company delivering Enterprise Class, Software-as-a-Service (Saas) Solutions to complete the Quote-to-Cash customer process and the Procure-to-Pay supplier process. This is the fourth company out of Silicon Valley for which GII has raised funds […]
By Chris Prentice | NEW YORK NEW YORK Facebook Inc chief executive Mark Zuckerberg again rejected the idea that the social network affected the U.S. presidential election, saying late Saturday it is “extremely unlikely” news hoaxes changed the outcome. Ensnared in a string of content controversies in recent months, Facebook has insisted that it is a technology company, not a media firm. But scrutiny of the site […]
By Richard Leong and Jennifer Ablan | NEW YORK NEW YORK Donald Trump’s stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly […]
DUBAI // Three meteor detection stations have been set up across the Emirates, the UAE Space Agency said on Sunday. The UAE Astronomical Camera Network (UACN) is designed to track coordinates of meteors and orbital debris, calculating trajectories in case of local impact, and it monitored one such meteorite that landed on the outskirts of Abu Dhabi in September. The camera network will also contribute to discovering […]
Health careCalifornia’s ballot measure to rein in drug prices aired about 13 percent of all state ballot measure ads, the most TV ads of any state ballot measure in the nation. Drugmakers poured millions into the campaign against Proposition 61, and their efforts seem to have paid off. Though the race hadn’t been called as of midday Wednesday, the opponents had 54 percent of the votes with 99 […]
newslide Shah Rukh Khan coming to Abu Dhabi to finish Raees filming Shah Rukh Khan is reportedly coming to Abu Dhabi to complete the shooting of his upcoming film Raees. According to The Indian Express, the Bollywood superstar has arranged an “undisclosed” location to finish the film, which is due for release in January. Production of the movie, which also stars Pakistani actress Mahira Khan, was affected […]
BERLIN A U.S. government regulator has started investigating Volkswagen’s (VOWG_p.DE) Audi brand over a reported discovery of a new cheat software device at the luxury carmaker, Bild am Sonntag reported, without citing the source of the information. The German weekly paper said a week ago that the California Air Resources Board (CARB) had this summer discovered cheating software in an automatic transmission Audi which is unrelated to […]
Before he was elected to be the next US president, Donald Trump had garnered the support of just one prominent billionaire in Silicon Valley: billionaire Peter Thiel, founder of PayPal and Facebook board member. The US technology industry had been shocked that one veteran from the Valley, which prides itself on liberal values, had supported, funded and even spoken for Mr Trump at his convention — and […]
By Dustin Volz | WASHINGTON WASHINGTON More than 40 international business and technology organizations representing hundreds of companies on Friday expressed “deep concerns” to the Chinese government about a new cyber security law they said would likely increase the separation between China and the rest of the world economy. Beijing on Monday adopted a cyber security law it called necessary to counter growing threats of hacking and […]
By Tim Baysinger Twitter Inc (TWTR.N) said it was able to deliver more viewers than promised to advertisers on a U.S. election night livestream, good news for the microblogging site as it tries to ward off growing competition for ad dollars from Snapchat and Instagram. Twitter partnered with BuzzFeed to host an election night broadcast on Tuesday and attracted major advertisers, including Paramount Pictures, Amazon.com Inc’s (AMZN.O) […]
By Dustin Volz Facebook Inc said on Friday it would no longer allow certain advertisers to exclude racial or ethnic groups when placing ads on its service, following criticism that the practice was discriminatory. The move comes amid growing scrutiny of how the world’s largest online social media network’s policies and algorithms shape what content appears in a user’s news feed. The unexpected victory of Donald Trump […]
Yahoo detected evidence that a hacker had broken into its computer network at least 18 months before launching an investigation that discovered personal information had been stolen from about 500 million user accounts. The timeline outlined in a regulatory filing raises further questions about why it took Yahoo so long to realize the severity of its security breakdown. It also could provide Verizon Communications with reason to […]
Representatives from Breakthrough Listen launched Nov. 7 the Parkes Radio Telescope, a $100 million project that had been going on for a decade, in the attempt to seek extraterrestrial life. The telescope is currently looking for proof in the vicinity of Proxima Centauri after the discovery of a possibly habitable planet in August 2016. Humanity’s interest in discovering alien life has gained traction along with the technological […]
As of this morning, several hours after the U.S. presidential race was called for Donald Trump, some of the tech world’s leading voices had yet to weigh in on what those results could mean for Silicon Valley in particular and innovation in general. But many news outlets are saying the impacts could be disruptive in ways that the otherwise disruption-loving tech sector might not like. Meanwhile, venture […]
By Naomi Tajitsu and Chang-Ran Kim | TOKYO TOKYO Toyota Motor Corp is looking at mass-producing long-range electric vehicles (EVs) that would hit the market around 2020, the Nikkei newspaper reported on Monday, in what would be a dramatic reversal of strategy for the world’s top-selling automaker. Even as rivals such as Nissan Motor Co, Volkswagen AG and Tesla Motors have touted pure electric cars as the […]
|By Matein Khalid| The fall in oil prices since 2014 has triggered a liquidity crunch and higher funding costs in the UAE banking system. EIBOR is almost double the London interbank rate LIBOR. Non-performing loan (NPL) have begun to rise as property prices have fallen 20% from their peak and corporate/SME borrowers are hit by a sharp downturn in the business cycle. DIB shares reflect these macro […]
By Alexandria Sage | SAN FRANCISCO SAN FRANCISCO California will allow companies more leeway in testing self-driving cars on public roads while restricting how the nascent technology is advertised under revised draft regulations released on Friday. In one of the biggest changes, the new regulations would allow for the absence of a driver in some instances, provided there is two-way communication with the vehicle. The […]
|By Matein Khalid| The Federal Reserve did not disappoint the financial markets after Janet Yellen’s FOMC conference on Wednesday. The US central bank did not raise the overnight borrowing (or Fed Funds rate) to 0.5% on the eve of the November election. This triggered a wild rally in the US stock market with the Dow Jones up 163 points, gold up to $1342 and oil to $46 […]
|By Matein Khalid| When Ben Bernanke uttered the word “taper” in May 2013, he triggered a bloodbath in emerging markets and a free fall in “fragile five” currencies that included the Indian rupee and the Indonesian rupiah. However, Asian equities markets, while not immune to a Fed rate hike, are far better positioned for higher US dollar interest rates than in 2013, let alone 2007 or 1998. […]
