Janet Yellen continues to demonstrate that she is either profoundly ignorant or dishonest. Neither of those are positive qualities for a Fed Chair. Having maintained interest rates at essentially ZERO for seven years during the Obama years, Yellen suddenly believes it would be “unwise” to wait too long to raise rates now. It’s a bizarre claim, particularly when you consider: 1) The US economy is limping along […]
BRUSSELS A Belgian minister arrived by bike to a news conference to promote cycling on Tuesday, only to find it had been stolen when he left half an hour later. Ben Weyts, minister of mobility for the Dutch-speaking region of Flanders, unveiled a plan to invest 300 million euros ($320 million) in cycle lanes until 2019, as part of a wider program to promote alternative modes of […]
DUBAI // Young Arabs make up the majority of the region’s population and they are the best people to develop a strategy for their future, Sheikh Mansour bin Zayed said at the World Government Summit on Tuesday. The Minister of Presidential Affairs said that there are more than 108 million young people in the 22 Arab countries and the summit was a starting point for young men […]
Greece is planning to appoint Rothschild to advise on its debts as the country attempts to end a long-running creditor stand-off and avert default. Government officials hope to finalise the appointment before a gathering of eurozone finance ministers on February 20 that has been described as the last chance for Greece’s lenders to overcome their differences before European attention shifts to general elections in eurozone countries. Unless […]
LONDON Britain has summoned North Korea’s ambassador to express its condemnation of the country’s weekend ballistic missile launch, the Foreign Office said on Tuesday. North Korea said on Tuesday its missile launches were “self-defence measures”, rejecting U.N. Security Council criticism of the test. The United States has demanded international action against Pyongyang’s weapons programmes. “We urge North Korea to stop its provocative actions, which threaten international peace […]
Credit: Michigan Technological University Interested in making an investment that promises a 100 percent return on your money, and then some? Buy a low-cost, open-source 3-D printer, plug it in and print household items. In a recent study published in Technologies, Michigan Technological University Associate Professor Joshua Pearce set out to determine how practical and cost effective at-home 3-D printing is for the average consumer. He […]
The UAE shall take quality-focused steps to create a supportive environment for innovation at a legislative level and for educational system, economic and media segments, says UAE Economic Minister Dubai, February 14, 2017 Engineer Sultan bin Saeed Al Mansoori, Minister of Economy chaired the seminar on innovation and the future of economy at the World Government Summit, a global platform dedicated to shaping the future of government […]
Getty Images/iStockphoto Operating systems are the core of our digital civilization. Hack-proofing them means that billions of devices – PCs, network switches, IoT devices, drones and much more – are much more secure. That forces cybercriminals to move up to less common layers of the software stack. special feature Cyberwar and the Future of Cybersecurity Today’s security threats have expanded in scope and seriousness. There can now […]
By Clare Baldwin and Andrew R.C. Marshall | MANILA MANILA Before Rodrigo Duterte’s bloody war on drugs had even begun, allies of the Philippines president were quietly preparing for a wider offensive. On June 30, as Duterte was sworn in, they introduced a bill into the Philippine Congress that could allow children as young as nine to be targeted in a crackdown that has since claimed more […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. The Tuesday morning news shows were dominated by word that Michael Flynn is out as national security adviser. “Stunning” was the call by the Trump home team at “Fox & Friends.” It proceeded to quote its usual media pinatas in […]
A few days before the retreat, I met up with the man who, perhaps more than any other figure in the conservative movement, had maneuvered the party toward complete and unbending opposition to Obamacare: Michael Needham of the Heritage Foundation. Needham, 35, is the chief executive of Heritage Action for America, a feral cur of a lobbying organization established by the venerable conservative think tank in 2010 […]
Executive Nader Henein. BlackBerry BlackBerry executive Nader Henein believes that as more Internet of Things (IoT) and connected healthcare devices come into play, the industry must take steps to reevaluate their security — from the ground up. The use of IoT and connected devices can provide healthcare providers and patients with a range of benefits — such as the use of mobile technology to track conditions, improved […]
President Donald Trump has tried to ban people from certain Muslim-majority countries from entering the U.S. and has begun deportation raids, following through on his campaign promise to creating a more cautious, less open America. Recent migrants to the country are starting to worry how far the measures will go and some Indians are worried that the skilled-worker visas they use to enter the country could become […]
People ride Ofo-bicycles in Shanghai Unlock them with an app, drop them off anywhere, and nip past lanes of stationary car traffic: the humble bicycle is seeing a revival in China as a new generation of start-ups help tackle urban congestion and pollution with fleets of brightly coloured two wheelers. The bike-share concept has attracted huge venture capital as fledgling firms wrestle for market share. Such has […]
Cybersecurity researchers have developed a new form of ransomware that can take over control of a simulated water treatment plant. After gaining access, they were able to command programmable logic controllers (PLCs) to shut valves, increase the amount of chlorine added to water, and display false readings. (via WSJ)
By Ned Parker and Ju-min Park | UNITED NATIONS/SEOUL UNITED NATIONS/SEOUL The U.N. Security Council denounced North Korea’s weekend missile launch, urging members to “redouble efforts” to enforce sanctions against the reclusive state, but gave no indications of any action it might take. Pyongyang’s test of the intermediate-range ballistic missile on Sunday was its first direct challenge to the international community since U.S. President Donald Trump took […]
BEIJING China plans to launch its first cargo spacecraft in April, state media reported on Tuesday, taking a step towards its goal of establishing a permanently manned space station by 2022. President Xi Jinping has prioritised advancing China’s space programme, saying it was needed to enhance national security and defence. Plans for the maiden voyage of the cargo spacecraft were reported on the front page of the […]
IBM CEO Ginni Rometty recently sent an email to her employees detailing her involvement with, and counseling of, the Trump administration. In it, Rometty claimed that her meetings with the Trump administration as part of the president’s business advisory are purely an opportunity to promote IBM’s values and technological expertise. “IBM does not espouse a partisan or political point of view,” the letter states. “Alone […]
Apple stock hit a new all-time high on Monday, driven by investor optimism about a coming iPhone sales “supercycle” and hopes that its $230bn in overseas cash might soon be put to greater use. It has taken two years for Apple to surpass its record closing price of $133 in February 2015, despite briefly breaking above that level during intraday trading at $134.54 in April of that […]
Optimism that the Trump administration is close to proposing a series of business-friendly tax reforms sent the main barometer for US small-cap stocks to a fresh high on Monday for the first time in more than two months. The Russell 2000 index, which tracks companies with market values of roughly $300m to $2bn, climbed as much as 0.7 per cent on Monday to 1,398.6, knocking out its […]
By Svetlana Reiter and Pavel Miledin | MOSCOW MOSCOW Moscow city authorities have given the green light for construction of an exclusive health clinic which, according to technical plans seen by Reuters and medical sources, is designed to treat President Vladimir Putin and senior officials. A Reuters special report published last month described how the planned unit was to be fitted with communications systems that under Russian […]
Paraphrasing Garrison Keillor, it’s been a quiet week in the Apache Spark community – at least compared to last year, where the definitive Spark 2.0 was unveiled. Last week, Spark Summit pulled into Boston, and so did one of those nor’easters that make Boston so alluring in February. And so the Spark project, for now, is engaging in the blocking and tackling chores of cleaning up or […]
WASHINGTON The Pentagon on Monday strongly condemned North Korea’s latest missile test, adding that the United States’ commitment to protect the homeland and allies such as Japan and South Korea was “ironclad.” Pentagon spokesman Captain Jeff Davis told reporters that North Korea’s “unlawful weapons programs” were a clear and grave threat to national security. “We are capable of defending against a North Korean ballistic missile attack and […]
DuPont and Chemours Co have agreed to pay $671 million in cash to settle thousands of lawsuits involving a leak of a toxic chemical used to make Teflon, the companies said on Monday. Shares of Chemours jumped 13 percent. The company said it would pay half of the settlement, although liability for litigation connected with the chemical was passed onto it when DuPont spun it off in […]
