Modcloth was founded in 2002 in Pittsburgh by Susan Koger. Walmart is buying Modcloth, an online retailer known for its vintage and geek-chic fashion designed to a range of female body types. Financial terms were not disclosed, but Walmart said it acquired Modcloth’s assets and operations and that the deal has already closed. Modcloth was founded in 2002 in Pittsburgh by Susan Koger, then a student at […]
For Indian IT, the world has changed seemingly overnight. The biggest existential threat seems to be US President Donald Trump’s proposed immigration reform that could put substantial barriers to Indian IT being able to corner the market on skilled H-1B visas, thereby threatening the lucrative $75 billion or so that it collects in revenue from the US alone. Equally serious is the fact that the traditional outsourcing […]
Dubai, UAE, 17 March 2017 For over five decades, Dubai Electricity and Water Authority (DEWA) has played a significant role in supporting the social, economic, and environmental development of Dubai, using a set of pioneering programmes and initiatives. This has contributed to the leading position DEWA enjoys today, and has reinforced the concept of Corporate Social Responsibility (CSR) to be more inclusive and effective. DEWA has launched […]
By John Davison | MOSUL, Iraq MOSUL, Iraq After five months of intense fighting, Iraqi forces have begun to drive back Islamic State into the dense and narrow-alleyed Old City of Mosul, with the mosque where its leader Abu Bakr al-Baghdadi declared a caliphate in 2014 firmly in sight. Iraqi leaders say the battle to recapture Mosul is reaching its final stages, trumpeting each gain made against […]
KHOST, Afghanistan A suicide car bomb detonated near an army base in the eastern Afghan province of Khost on Friday, killing one soldier and wounding several before the army repelled at attack on the base by four gunmen, the district chief said. The blast, 50 metres (yards) from the base, was heard several miles away and damaged several shops, homes and a school, Akbar Zadran, the chief […]
Overall, there was a 17% increase in the number of companies in MEA in 2016 compared to 2015, with Johannesburg being the leading destination for Africa JOHANNESBURG, South Africa, March 16, 2017 The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 countries, according to a new report released by Infomineo (www.Infomineo.com ), a global business research company specialising in […]
Underlying net profit up 7.3%, driven by continued margin expansion Aamal Company Board recommends a cash dividend of 6% (QAR 0.60 a share) Doha, 15 March 2017 The Board of Directors of Aamal Company QPSC (“Aamal”), one of the GCC’s fastest growing diversified companies, today announces the financial results for the year ended 31 December 2016 Financial Highlights Group revenue marginally down, by 1.8%, to QAR 2,829.1m […]
By John Davison | MOSUL AIRPORT, Iraq MOSUL AIRPORT, Iraq Outside a mosque on the edge of Mosul airport’s ripped up runway, Iraqis made homeless by war sit on suitcases, taking a brief rest before beginning their onward journey, on foot or in buses. Men push wheelchairs carrying elderly relatives or carts loaded with small children over dusty and uneven ground, part of an exodus of people […]
By Philip Pullella | VATICAN CITY VATICAN CITY Managers who close businesses, shut factories or restructure firms without fully considering the impact on workers and their families are committing a “very grave sin”, Pope Francis said on Wednesday. Addressing tens of thousands of people in St Peter’s Square for his weekly audience, Francis strayed from his text after mentioning he was worried about how families might be […]
Kuwait, 15 March 2017 Dubai-based flydubai’s inaugural flight to Sylhet landed today and was greeted by a traditional water cannon salute. Upon arrival, a flydubai delegation led by Sudhir Sreedharan, Senior Vice President Commercial for GCC, Subcontinent and Africa, was met by H.E. Rashed Khan Menon, Minister of Civil Aviation and Tourism, along with local officials from the Ministry of Finance, Ministry of Civil Aviation and Tourism, […]
It is fitting that just a few hours until the Fed’s second rate hike in two quarters, and one day after Goldman downgraded global stocks to Neutral for the next 3 months, not to mention with the results of the anticipated Dutch election due shortly, that global stocks as well as S&P futures are higher, while crude oil has finally managed to stage a rebound as the […]
Ride-sharing operator Grab has unveiled two new research facilities in Bangalore and Ho Chi Minh City, as well as plans to add more than 800 jobs across six of such centres worldwide over two years. The new hires would support four other R&D sites including Singapore, Beijing, Jakarta, and Seattle, the company said in a statement Wednesday. Its research efforts would focus on building out Grab’s transport […]
Participants at seminar on child sexual crimes unanimously call for introduction of topics that help children know difference between ‘good touch’ and ‘bad touch’. PETALING JAYA: With the internet replacing parents and teachers as the source of information, Women, Family and Community Development Minister Rohani Abdul Karim has agreed it is time the country introduced comprehensive sex education, The Star reported. Speaking at the Jenayah Seksual Kanak-Kanak: […]
By Jonathan Allen and Scott Malone | NEW YORK/BOSTON NEW YORK/BOSTON A blizzard swept through the heavily populated northeastern United States on Tuesday, grounding thousands of flights, cancelling classes and pummelling those who ventured out onto snow-bound streets. Some 50 million people from Pennsylvania to Maine faced a “rapidly intensifying nor’easter” over the course of the day that was unusual for striking so late in the winter, […]
By Ahmed Kingimi | MAIDUGURI, Nigeria MAIDUGURI, Nigeria Islamist militant sect Boko Haram on Tuesday released a video purporting to show the execution of three men the group accused of being Nigerian military spies. The seven-minute clip, the first online video posted in two years of an execution said to be by Boko Haram, showed three men wearing orange jumpsuits. One is decapitated by masked men while […]
14 March, 2017 The Ministry of Finance in the United Arab Emirates (UAE) has recently launched a series of Value Added Tax (VAT) and excise awareness sessions to present to advisors and businesses on the progress of VAT and excise implementation. The first such session is aimed at the advisory community, followed by later sessions aimed at the general business community. Full details of the sessions can be […]
DUBAI A Bahraini court on Tuesday delayed a ruling in the trial of the spiritual leader of the country’s Shi’ite Muslim majority on charges of collecting funds illegally and money laundering, local media reported. Ayatollah Isa Qassim, who is in his mid-70s, faces up to 15 years in jail if convicted in the trial that has ratcheted up tensions in the Western-allied Gulf Arab state where the […]
The Bank of England’s new deputy governor, Charlotte Hogg, has resigned after MPs said her professional competence “falls short of the very high standards required”. Ms Hogg has been under pressure since admitting that she had failed for nearly four years to inform the bank that her brother was a senior executive at Barclays, even though she was partly responsible for drawing up the bank’s code of […]
By Neil Jerome Morales | MANILA MANILA A self-confessed assassin who testified to being in a “death squad” under Philippine leader Rodrigo Duterte will soon file a case at the International Criminal Court accusing the president of crimes against humanity, his lawyer said on Tuesday. More than 8,000 people have died since Duterte took office in June and unleashed a bloody war on drugs, a third in […]
YANGON Dozens of Myanmar soldiers have been killed in several clashes between ethnic rebels and the army along the border with China, state media reported on Tuesday, threatening leader Aung San Suu Kyi’s chief goal of ending decades of ethnic strife. More than 20,000 people from Myanmar have crossed China’s border in recent weeks to escape the bitter fighting in the north, prompting Beijing to call for […]
By Suleiman Al-Khalidi | AMMAN AMMAN A prominent Iraqi Sunni politician on Monday warned Washington the acceleration in a military campaign in western Mosul to drive out Islamic State jihadists was causing a sudden surge in civilian casualties that threatened to undermine the effort to crush the militants. Khamis Khanjar, who has used his leverage to lobby the U.S. administration and the Iraqi authorities to ensure the […]
Okta, the identity and device management firm based in San Francisco, has filed to go public. According to its S-1 form with the US Securities and Exchange Commission, Okta plans to raise up to $100 million of Class A common stock through an initial public offering and trade on the NASDAQ market under the symbol OKTA. Goldman, Sachs, JP Morgan Securities and Allen & Company are lead […]
Starting next month, Microsoft will begin offering a preview of an on-premises/local version of its Dynamics 365 for Operations ERP product. Microsoft announced Dynamics 365 for Operations — a rebranding of Dynamics AX 7 and part of the Enterprise version of its newly combined Dynamics 365 CRM and ERP application bundle — in July 2016. At that time, officials said Microsoft would continue to offer on-premises versions […]
SEATTLE Aspiring property moguls take note – the town of Tiller, Oregon, is for sale, asking price just $3.5 million. For an extra $350,000, you can have the old school too. The mostly uninhabited, unincorporated town about 225 miles (362 km) south of Portland originally went up for sale in 2015, but that did not include the building that used to house the school, said Garrett Zoller, […]
