It’s taken the new chief executive of the London Metal Exchange Matthew Chamberlain four years to understand the complexity of the 140-year-old bourse. Now he’s on a mission to simplify it. Days after his appointment was announced by the LME’s parent Hong Kong Exchanges and Clearing the 35-year-old former investment banker has outlined his vision to attract more customers and protect London’s place as the centre of […]
Wednesday 03:00 BST Overview Momentum from a buoyant Wall Street carried over into Asia trading as equities rallied while bonds and oil prices continued to slide. Hot topic Stock markets across the region took their cues from Wall Street, where on Tuesday the S&P 500 neared a record closing high and the tech-focused Nasdaq closed above 6,000 for the first time. In Sydney, the S&P/ASX 200 was […]
By Andrew Cawthorne and Diego Oré | CARACAS CARACAS Two Venezuelan men died on Tuesday from gunshots at political demonstrations, bringing to 26 the number of fatalities around this month’s protests against President Nicolas Maduro’s socialist government. The state prosecutor’s office said Orlando Medina, 23, was gunned down on a street in western Lara state during a protest local media identified as anti-Maduro. Luis Marquez, 52, died […]
American officials said Turkey had informed the United States less than an hour in advance that it intended to carry out the bombing raids in the crowded airspace over northern Syria and Iraq. American officials said that they had asked Turkey not to proceed without proper coordination, but that the request was ignored. Continue reading the main story Mark Toner, a State Department spokesman, said the United […]
Several months ago, when it was still conventional wisdom that Trump wanted to replace Janet Yellen – at least until Trump’s famous WSJ interview in which he flipped on this and various other issues – with a hawk once her turn runs out in 2018, the financial punditry was busy coming up with potential replacement names, a practice which gradually faded away once it emerged that Trump […]
The public should be able to freely access the names of the people behind the ownership of assets and bank accounts in order to boost transparency and stop secret shell companies being used for criminal activity. This is the key contention of a host of submissions to Treasury as part of the federal government’s plans to increase transparency of the beneficial ownership of companies following the Panama Papers revelations. Play […]
He refused to speculate on whether the cancellation was a tit-for-tat move after the German leadership postponed a governmental exchange with Israel, originally planned for May, citing scheduling conflicts. “The whole situation has to cool down,” Mr. Gabriel said. Continue reading the main story After the meeting of the two leaders was called off, an Israeli official in Mr. Netanyahu’s office, speaking on customary condition of anonymity, […]
A demo booth at Facebook’s annual F8 developer conference, Tuesday, April 18, 2017. CEO Mark Zuckerberg addressed recent violence on Facebook at the conference.(Photo: AP Photo/Noah Berger) SAN FRANCISCO — A distraught father in Thailand killed his 11-month-old child on Facebook Live, the latest in a string of disturbing incidents including suicide, torture and sexual assault that have reached millions on the live-streaming service, raising questions about Facebook’s […]
Ricky Wilson enjoys a desert evening under the stars in Abu Dhabi. Courtesy Etihad Airways Ricky Wilson takes on the Abu Dhabi desert dunes as part of his 48 Hour Challenge. Courtesy Etihad Airways Ricky Wilson tours Abu Dhabi in a slingshot. Courtesy Etihad Airways Ricky Wilson enjoys a Gold Leaf Facial in Abu Dhabi. Courtesy Etihad Ricky Wilson rides the desert dunes. Courtesy Etihad Airways Ricky […]
Tuesday 12:30 BST What you need to know ● Stock markets extend rally on French election relief● Euro adds to gains as Paris’ bond yields steady ● Havens attract sellers, pushing down gold, the yen and Bund prices● Traders eye Nasdaq 6,000 as company earnings slip into fast gear● Brent crude prices higher as base metals firm——————- Hot topic The relief over the French election, which boosted […]
An IBM/Nvidia cluster completed a one-billion cell Echelon petroleum reservoir simulation (shown above) in 92 minutes. Image: IBM/Stone Ridge Technologies A high-performance computing record set by a cluster of more than 22,000 compute nodes has been shattered by just 30 machines. The massive reduction in computing infrastructure needed to set a new record for simulating oil, water, and gas flow was made possible by tapping into the […]
After yesterday’s violent gap up in stocks across the globe in response to the “expected” outcome from the French election, today the risk on sentiment has continued if to a lesser extent, with stocks in Europe, Asia all rising while S&P futures point to a higher open. Yen, gold decline, while the euro traded as high as 1.09 this morning before fading some gains; oil is up […]
Inspired by 3-D printing, researchers explored development of one mechanical property called effective static compressibility. As they now report, by using a single cartridge it’s possible to print a metamaterial which expands in size under hydrostatic pressure, even though it’s made up of material which behaves normally under hydrostatic pressure — that is, it shrinks. In principle, there is no limit to the negative value this material’s […]
Visitors use their mobile phones as they walk in the dark at the Dubai Mall. AFP Photo Shoppers were plunged into darkness when The Dubai Mall experienced a two-hour power failure on Monday night. AFP Photo According to reports the electricity went out at 7.20pm and was restored just after 9pm. AFP Photo At 7.40pm Dubai Media Office said authorities were working to restore power in a […]
Viktor Medvedchuk has an unusually powerful godfather to his daughter: Vladimir Putin, the Russian president. The Ukrainian is also under US sanctions for “threatening the peace, security, stability, sovereignty or territorial integrity” of his country. So why is Mr Medvedchuk involved in negotiations over the future of separatist-held east Ukraine — on Kiev’s side? Mr Medvedchuk, 62, has long been one of Ukraine’s most divisive and enigmatic […]
DUBAI // A top celebrity cardiologist has urged people to ditch “white death” diets of bread, pasta, sugar and salt if the UAE is to tackle its rampant levels of diabetes. Bestselling Australian author Ross Walker, credited with changing attitudes to eating with his no-nonsense advice, on Monday told of the key health messages that could improve the lives of millions in the UAE. Health can be […]
DUBAI // Public transport users welcomed news that more buses ran on time but said action could be taken to improve transport services. Most public bus services were on time and more people chose to book taxis by telephone, the Roads and Transport Authority said yesterday. Bus drivers’ compliance with timetables rose to 74 per cent last year from 69 per cent in 2015. The number of […]
Photo Steven Mnuchin, left, the secretary of the Treasury, announced sanctions on Monday in response to a chemical weapons attack in Syria. “The United States is sending a strong message with this action that we will not tolerate the use of chemical weapons by any actor,” he said. Credit Stephen Crowley/The New York Times WASHINGTON — The Trump administration on Monday imposed sanctions on 271 employees of […]
Liam disassembles iPhones and sorts components into bins for further processing. (Image: Apple) Apple has released new details about Liam, its line of robots that disassembles the iPhone 6 so that individual components can be reused to make new gadgets in the future. Liam was first introduced last year , and now that the pilot has been successful, there are plans to expand the project. This will […]
Photo A rebel-held neighborhood in Daraa, Syria, after air strikes on Sunday. Members of a United Nations commission investigating war crimes in Syria have not been allowed to visit the country. Credit Mohamad Abazeed/Agence France-Presse — Getty Images The chairman of a United Nations commission investigating possible war crimes in Syria has met that country’s ambassador only once, he said. It happened during a chance encounter in […]
Security is the Internet of Things’ (IoT) Achilles heel. One reason that’s so is there is a lack of common IoT development standards. The Linux Foundation, along with 50 companies, is addressing this by building a common open-framework for IoT edge computing and an ecosystem of interoperable components under a new open-source consortium: The EdgeX Foundry. EdgeX is seeking a common open-source framework for the IoT. The […]
Aluminium Bahrain, also known as Alba, has announced that it has secured commitments of about $700 million from Export Credit Agency (ECA) supported facilities to finance its Line 6 Expansion Project. Expected to start metal production in early 2019, Line 6 will boost the annual production by 540,000 metric tonnes upon its full ramp-up, the company said in a statement. It said the new line will bring […]
Credit: CC0 Public Domain Hackers are able to decipher PINs and passwords just from the way we tilt our phone when we are typing in the information. Cyber experts at Newcastle University, UK, have revealed the ease with which malicious websites, as well as installed apps, can spy on us using just the information from the motion sensors in our mobile phones. Analysing the movement of […]
Risk is definitely on this morning as European shares soar, led by French stocks and a new record high in Germany’s Dax, after a “French relief rally” in which the first round of the country’s presidential elections prompted investors to bet that establishment candidate Emmanuel Macron will win a runoff vote next month, and who is seen as a 61% to 39% favorite to defeat Le Pen […]
