Islamic finance experts have developed new rules for gold transactions, they said on Monday, potentially opening the way for Islamic institutions to trade gold and silver much more actively. Gold transactions must be fully backed by physical metal and settled on the same day, the developers of the new guidance said, to observe Islam’s distinction between real economic activity and speculation. Traditionally, gold has played a very […]
Facebook CEO Mark Zuckerberg introduces a new messenger platform at the F8 summit in San Francisco, California, on March 25, 2015 Facebook on Monday began letting interactive “bots” inside its Messenger service tap into analytic capabilities once reserved for the social network, ramping up the potential to earn money from e-commerce. The move comes as Facebook is under pressure to profit from services such as Messenger, WhatsApp […]
Submitted by Michael Shedlock via MishTalk.com, Axel Weber, former head of Germany’s central bank says the ECB is going to halt QE soon and hike rates by September. Weber warns Markets Unprepared for Central Bank Shifts. Investors are dangerously unprepared for a sharp rise in eurozone bond yields when US interest rates march higher and European quantitative easing ends, Axel Weber, chairman of UBS and the former […]
A new battle is breaking out among the titans of cloud computing, as competition in the fast-growing sector shifts to a fresh arena: artificial intelligence. Amazon is the latest tech company to join the fray, boosting its focus on artificial intelligence at a time when Amazon Web Services, its cloud computing division, is locked in competition with Microsoft and Google. AWS, which sells computing and data storage […]
Frank Land and Dame Stephanie Shirley unveil a plaque to mark the site of the world’s first business computer, installed 65 years ago. Photo: LEO Computers Society A plaque has been installed in Hammersmith, west London, where Lyons, the tea-shop company, ran the world’s first electronic business computer 65 years ago. Nothing remains of Cadby Hall, the two-acre site where Lyons had its head office, several bakeries, […]
BEIJING Iran’s nuclear deal with six major powers should continue regardless of changes in the internal situation of participant nations, China’s Foreign Minister Wang Yi told Iran’s visiting foreign minister during a meeting in Beijing on Monday. The future of the deal to curb Iran’s nuclear programme has been thrown into jeopardy with U.S. President-elect Donald Trump set to take office next month. During his election campaign […]
05 December 2016 The CEO of Imdaad, a leading provider of integrated facilities management solutions in the GCC, has once again been named the most influential individual in the Middle East’s facilities management (FM) sector. For the fifth year in a row, Jamal Abdullah Lootah topped the fmME Power 50 list in yet another prestigious recognition bestowed on Imdaad’s top official renowned for his outstanding leadership style […]
Submitted by Michael Shedlock via MishTalk.com, On the same day Matteo Renzi suffered a crushing defeat at the hands of alleged “populists” in Italy, German finance minister Wolfgang Schäuble ruled out debt relief for Greece ahead of a eurozone finance minister meeting. Schäuble says Greece Must Reform or Leave Eurozone. Greece must implement economic reforms if it is to keep its place in the eurozone, Germany’s finance […]
Following a successful listing on the Australian Securities Exchange (ASX) on November 17 with a market capitalisation of AU$23 million, conversational commerce company Flamingo is now looking at Australia as a key market, with online lending marketplace DirectMoney being announced as its first local client. Born in Australia and based in the US, Flamingo is a software-as-a-service (SaaS) company that provides an “intelligent guided selling platform” to […]
ABU DHABI // A panel from 12 government agencies has designed a plan of attack against childhood obesity. Measures range from promoting healthy foods and exercise to improving the health care of women before and after they become pregnant. The head of the panel, Health Authority Abu Dhabi chairman Dr Mugheer Al Khaili, presented statistics from the World Health Organisation showing that 15.1 per cent of pupils […]
newslide Want to make the most of your day at the new Bollywood Parks Dubai but not sure how? The new park, which is off Sheikh Zayed Road near Legoland Dubai has five zones packed with attractions – Bollywood Boulevard, Rustic Ravine, Royal Plaza, Mumbai Chowk and Bollywood Film Studios – plus restaurants and food carts. The choice can appear overwhelming. We have a handy guide to […]
By Crispian Balmer and Gavin Jones | ROME ROME Italian Prime Minister Matteo Renzi said he would resign after suffering a crushing defeat on Sunday in a referendum on constitutional reform, tipping the euro zone’s third-largest economy into political turmoil. His decision to quit after just two and a half years in office deals a blow to the European Union, already reeling from multiple crises and struggling […]
The Department of Human Services (DHS) has implemented an online compliance system that is using automation to help locate funds owed to the Commonwealth. Approximately AU$4.5 million that has gone awry is being pointed to each day by the online compliance system, allowing DHS to kick off the process to reclaim the funds. Before the new system, only AU$295,000 in missing funds was highlighted every 24 hours. […]
By Nichola Saminather and Wayne Cole | SINGAPORE/SYDNEY SINGAPORE/SYDNEY The euro was under the gun on Monday, skidding to a 20-month low after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilise the country’s shaky banking system. The single currency, which slumped to as low as $1.0505 EUR= in early Asian trade after opening at around $1.0685, […]
ABU DHABI // A panel from 12 government agencies has designed a plan of attack against childhood obesity. Measures range from promoting healthy foods and exercise to improving the health care of women before and after they become pregnant. The head of the panel, Health Authority Abu Dhabi chairman Dr Mugheer Al Khaili, presented statistics from the World Health Organisation showing that 15.1 per cent of pupils […]
Your daily guide to community and cultural activities across the Emirates for December 5, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Heritage performance Attend Hekayah the Story, a multiple-artist event under the stars in celebration of National Day, featuring poetry, prose and songs by performers from diverse backgrounds selected through a collaborative curatorial […]
Image: CBS News Edward Snowden blasted the US justice department in an interview with Yahoo News on Sunday, saying “we have a two-tiered system of justice in the United States” that allows the well connected to get off with light punishments. Snowden, a fugitive and former NSA contractor who revealed the organization’s worldwide spying powers in 2013, pointed to the case of former CIA Director Gen. David […]
A new scientific approach uses a model inspired from Google’s algorithm to determine the degree of stability of the planetary systems. The researchers employed a machine learning technique in order to create a mechanism that is 1,000 times faster than traditional methods when it comes to predicting stability. The study, published Nov. 23 in the journal Astrophysical Journal Letters, was carried out at the University of Toronto Scarborough […]
Photo Coach Nick Saban and the Crimson Tide after Alabama won the Southeastern Conference championship Saturday. The team will play in a national semifinal on Dec. 31. Credit Kevin C. Cox/Getty Images The College Football Playoff’s selection committee on Sunday announced the four teams that will contend for this season’s national championship: Alabama (13-0), followed by Clemson (12-1), Ohio State (11-1) and Washington (12-1). Clemson, the second […]
ATHENS Political uncertainty in Europe has created fresh momentum for a “comprehensive and permanent” solution to the Greek debt crisis before the year ends, a government spokesman said on Sunday. Euro zone finance ministers will meet in Brussels on Monday to discuss short-term debt relief for Greece, and Germany’s Wolfgang Schaeuble said it must implement reforms instead of hoping for further debt forgiveness. Greece remained optimistic for […]
Bizarrely enough, it’s difficult to determine what constitutes a “small business” in the United States. The US Small Business Administration has a table of standards [PDF] that ranges from about 250 to over a thousand employees. On the other hand, the Affordable Care Act kicks in certain requirements for businesses with over 50 employees. So, what exactly is small? When I researched my book, How To Save […]
Emirates National Oil Co (ENOC) has announced plans to build 54 new service stations over the next four years. The expansion plan kicked off with the opening of a gas station in the Dubai International Academic City area, the company said in a statement. Saif Humaid Al Falasi, Group CEO of ENOC, said: “Our service station expansion programme is part of ENOC’s wider growth strategy over the […]
Seems yall didn’t quite get the gist of our series – and why it should even be bothered to appear. Well, a few reasons. One, not everyone has the means of investing in ‘decent’ strategies that may only be eligible for accredited investors or QEPs. Two, those who don’t have the means to invest in $1 M minimum programs also don’t have the means of educating themselves […]
An online program designed to help people overcome insomnia significantly improves both the amount and quality of sleep, a new study has found. The study is the first to look closely at the effects of the Sleep Healthy Using the Internet (SHUTi) program on people with health conditions that could be affecting their sleep. (via WSJ)
