TOKYO Nick Johnson, who claims to be the first person to capture all 145 creatures now available in the “Pokemon Go” mobile gaming phenomenon, says he is not ready to put away his smartphone just yet and hopes for new features. The 28-year-old tech employee from Brooklyn, New York, who refers to himself as the “world-first Pokemon Go master” on his Twitter account, announced last week he […]
A worker climbs outside an Apple store in Hong Kong April 10, 2013. Reuters/Bobby Yip/File Photo HONG KONG Apple Inc found itself on the receiving end of a small, short-lived anti-U.S. protest this week in China, the tech firm’s biggest overseas market and a country where foreign firms have suffered damaging boycotts following international spats. A handful of unofficial Apple stores were picketed and social media users […]
Yahoo CEO Marissa Mayer delivers her keynote address at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada in this January 7, 2014, file photo. Reuters/Robert Galbraith/Files SAN FRANCISCO Former Yahoo executive Dan Rosensweig has not worked at the pioneering internet company in nearly a decade. But last week, as Yahoo Inc (YHOO.O) prepared to sell its core internet business, he was sporting a Yahoo T-shirt […]
People play the mobile phone game Pokemon GO in a park in Central Jakarta, Indonesia July 21, 2016. Reuters/Iqro Rinaldi JAKARTA Avid players of smash-hit mobile phone game Pokemon GO in Indonesia, home to the world’s largest Muslim population, are not letting religious decrees or security warnings get in the way of their mission to catch their next cartoon creature. Nintendo’s augmented reality app, in which players […]
A new hypothesis on the extinction of dinosaurs and ammonites at the end of the Cretaceous Period has been proposed by a research team from Tohoku University and the Japan Meteorological Agency’s Meteorological Research Institute. The researchers believe that massive amounts of stratospheric soot ejected from rocks following the famous Chicxulub asteroid impact, caused global cooling, drought and limited cessation of photosynthesis in oceans. This, they say, […]
The logo of free messaging app Line is pictured on a smartphone and the company’s stuffed toy in this photo illustration taken in Tokyo, Japan, September 23, 2014. Reuters/Toru Hanai/Illustration/File Photo TOKYO Japanese messaging app firm Line Corp priced its initial public offering at the top of its marketed range, putting it on track to raise as much as $1.3 billion and reflecting robust appetite for the […]
A Nintendo video game logo is seen at the Electronic Entertainment Expo, or E3, in Los Angeles, California, United States, June 17, 2015. Reuters/Lucy Nicholson TOKYO Shares in Japan’s Nintendo Co surged on Friday as consumers flocked to try out its new Pokemon GO smartphone game, raising hopes that the company’s long-awaited shift into mobile gaming will pay off. Seeking to protect its console business, the Japanese […]
Acura released details on the exotic NSX GT3 before it campaigns North America next year. The NSX GT3 is slated for homologation as an FIA GT3 class racer this fall, upon completing a round of development circuits in the United States. The twin-turbocharged beauty was undergoing testing recently at GingerMan Raceway in South Haven, Michigan. “Building on the very solid foundation of the production NSX, we’re making steady […]
|By Matein Khalid| The merger of Abu Dhabi banks First Gulf Bank and NBAD creates the largest bank in the Middle East, a regional colossus with $170 billion in assets, competitive funding cost in the global interbank/capital markets and a market value greater than Credit Suisse, Standard Chartered Bank (SCB) and Deutsche Bank. This is the biggest game changer event in UAE banking and finance since the […]
|By Matein Khalid| David Cameron, Wall Street’s elite, Mutti Merkel, Obama, the Eurocrats of Brussels, the great and the good of the City and the IMF’s Lady Christine all got it so horribly wrong. I slept Thursday night with sterling at 1.50 on New York and awoke to see it trade at 1.34 on Friday, a 30 year low before the Plaza Accords. Britain has voted to […]
It may seem like the number of hacking attempts increases every year, but the number of attacks originating from within the borders of at least one country have declined in the past year, according to a new study by network security firm FireEye. In its “Red Line Drawn: China Recalculates Its Use of Cyber Espionage,” report, FireEye said that the number of hacks coming from the Chinese […]
SoftBank Group Corp. President and COO Nikesh Arora attends a conference of start-up businesses in New Delhi, India, January 16, 2016. Reuters/Adnan Abidi/Files TOKYO SoftBank Group Corp said on Tuesday that President Nikesh Arora would resign as of Wednesday’s shareholders meeting, less than two years since he joined the Japanese Internet conglomerate. SoftBank said Arora and Chairman and Chief Executive Masayoshi Son had disagreed over when Arora […]
|By Matein Khalid| Sterling sell off in the world currency markets and the sheer populist appeal of Boris Johnson suggests the world should not rule out a geopolitical shock that will unnerve financial markets and lead to the mother of all rate cuts at the Bank of England. If Britain votes to leave the EU, the only currency I want to own is the Swiss franc and gold, […]
}By Arabian Post Staff| Iran plans to set up its own financial center as it seeks to attract global financial institutions, Bloomberg reported. Chinese and Russian banks are seeking to set up representative offices in the area, Farhad Taghizadeh-Hesary, senior adviser to the Qeshm Investment and Development Co., was quoted as sayig in an interview. One of Japan’s largest banks is also negotiating with officials on establishing a […]
|By Matein Khalid|Dr. Mervyn King broke with tradition by publishing his book “The End of Alchemy: money, banking and the future of the global economy”. After all, retired governors of the Bank of England do not, as a rule, do not write/publish books, let alone write books that lambast the City of London’s culture of greed and hubris. It is no coincidence that Dr. King quotes T.S. […]
INTERNATIONAL. A sense of disappointment permeated through the global markets during trading on Monday following last week’s shocking NFP result of 38k that discounted expectations over the Fed raising US rates in Q2. With the number of jobs created falling to its lowest level since 2007, the Dollar was left vulnerable as concerns elevated over a potential economic slowdown in the States. Although the headline unemployment rate […]
CONCORD, Calif Honda Motor Co gave a sneak preview of its self-driving prototypes on Wednesday, saying it was already on its way to offering semi-autonomous safety functions to the mass market. The Japanese automaker has been less vocal about its plans for self-driving cars than larger rivals like Toyota and General Motors, which in recent months have shown off major research and development projects and big-ticket acquisitions. […]
Advanced economies must take emerging economies into confidence to get desired results The 2008 financial crisis cast a deep shadow over the recent G7 annual meeting, which kept trying to come up with solutions that could lead to the desired economic results. Over the past eight years, they have been making every possible effort to find practical solutions and bring back growth. Unfortunately, their efforts […]
We’ve been revisiting some 80s gems here at CarLust these last couple of weeks, and before we head into the ’90s, it feels right to share this period artwork that I’ve had stashed in my hard drive for some time now. Yes, they’re neither that many nor that hard to figure out for our seasoned veterans, but for the novice CarLust carspotter, it couldn’t be a more perfect […]
UAE. Brent crude pushed above key psychological level to trade above $50 for the first time since November 2015. The 85% rally since Brent hit a 12-years low in Jan was supported by multiple factors, mainly oil disruption from major exporters and production cut back by U.S. shale. Meanwhile the double than expected drop in U.S. inventories supported bulls to keep holding their long positions. According to […]
|By Matein Khalid| In retrospect, 2016 will go down in German political and economic history as a significant game changer, on the scale of 1989 (fall of the Berlin Wall), 1990 (reunification) and 1999 (the Euro), even 1945 (launch of Deutschemark), 1945 (Third Reich surrenders), 1943 (Stalingrad) and 1933 (Hitler elected). Chancellor Merkel, renamed Mutti Multi kulti, allowed a million migrants to settle in Germany. The far right […]
Seismologists have created a new algorithm that could one day help give coastal cities early warning of incoming tsunamis. Right now, tsunami warning systems rely on region-specific scenarios based on previous patterns in that area. That’s because scientists use sensors in the ocean, which can detect abnormal movements but can’t make accurate projections of how much water will hit a coast and how hard. But “most likely” […]
A new developer portal and Android SDK (software developer kit) for SoftBank’s robot platform are aimed at convincing developers to build apps for the Pepper humanoid robot. Although the platform was first announced two years ago, the decision to open it up to Android apps should help greatly expand the base of app developers working on Pepper programs. “By making Pepper compatible with Android, Android application developers […]
|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 […]
