By Lucia Mutikani | WASHINGTON WASHINGTON U.S. consumer spending rose less than expected in January as the largest monthly increase in inflation in four years eroded households’ purchasing power, pointing to moderate economic growth in the first quarter. The surge in inflation raises the possibility of an interest rate increase from the Federal Reserve this month. While still below the U.S. central bank’s 2 percent target, inflation […]
Big reforms to rules for UK initial public offerings have been proposed by the market regulator to give investors better and earlier information, as the watchdog seeks to keep Britain “open for business” after Brexit. The Financial Conduct Authority said on Wednesday that information about a company planning an IPO should be made available sooner, and to a wider range of analysts and investors. The FCA warned that […]
Australia’s corporate world has been warned that executives must disclose workplace romances or risk censure and financial penalties, following a decision by QBE Insurance to slash the pay of its chief executive over an affair. This week the insurer’s board cut A$550,000 (US$420,000) from the short-term bonus awarded to John Neal because he failed to notify them in a timely manner of a relationship he was having […]
Hospitality firm sbe has announced it will open its first hotel in the Middle East with the launch of Mondrian Doha, Qatar in the second quarter of 2017. This soft opening will set the stage for Mondrian Doha’s grand opening celebration, which follows in late September, the company said in a statement. The 270-room hotel has been designed in collaboration with world-renowned Dutch designer, Marcel Wanders, and […]
KUALA LUMPUR Malaysia on Wednesday charged two women – an Indonesian and a Vietnamese – with murdering the estranged half brother of North Korea’s leader in an assassination using a super-toxic nerve agent that killed in minutes. Siti Aishah, a 25-year-old mother of one from Jakarta, and Doan Thi Huong, 28, from rural northern Vietnam, could be hanged if they are convicted for the killing of Kim […]
Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U.S. stock market closes on Wednesday in the most eagerly awaited technology IPO since Chinese e-commerce giant Alibaba went public in 2014. The pricing will be the first test of investor appetite for a social-media app beloved by teenagers and 20-somethings but which has yet to turn a profit. The company’s […]
Sama Eyewear Fascinating history and timeless appeal aside, aviator sunglasses are arguably the most popular shape when it comes to classic or contemporary eyewear design. Additions to California-based Sama Eyewear’s spring/summer 2017 Combustion collection reinterpret the typical aviator to give it a decidedly feminine twist. This includes frames with larger lenses, jewelled finishes and an innovative butterfly-shaped lens with a raised temple. The laser-cut patterned temples in […]
King Salman’s extravagant travel arrangements have captured the public imagination ahead of the Saudi monarch’s high-profile visit to Indonesia beginning Wednesday, but billions of dollars in oil and other investment deals are also at stake. The trade deals could be worth as much as $25 billion, including a $6 billion project between the two nation’s oil companies, according to Indonesian officials who briefed reporters on the scheduled […]
March 1, 2017 by: Nicole Bullock in New York and Hannah Kuchler in San Francisco Investor interest in shares in the owner of the Snapchat messaging app is likely to ensure enough demand to price its initial public offering above the range set by the company, according to people with knowledge of the deal. The shares could price at $17-$18 a piece compared with the range set […]
Domino’s in-app DRU Assist Screenshot: Asha McLean/ZDNet Domino’s has delivered new additions to its Domino’s Robotics Unit (DRU) family, announcing the DRU Platform, an artificial intelligence (AI)-based technology that will allow customers to order a pizza using their voice. As of Monday, customers will be able to use DRU Assist, an in-app AI virtual assistant that was built in partnership with natural language company Nuance. DRU Assist […]
By Isabel Coles and Maher Chmaytelli | MOSUL/BAGHDAD, Iraq MOSUL/BAGHDAD, Iraq U.S.-backed Iraqi forces on Tuesday battled their way to within firing range of Mosul’s main government buildings, a major target in the offensive to dislodge Islamic State militants from their remaining stronghold in the western side of the city. Terrified civilians were fleeing the fighting, some toward government lines, often under militant fire. Others were forced […]
Image by Arafat Uddin (Creative Commons) The financial services industry is undergoing digital disruption and change. Insurance, as part of that industry, also faces new opportunities and challenges. To explore these issues, I spoke with the CIO for Information at Swiss reinsurance giant, Swiss Re. Rainer Baumann handles the data and tools that experts inside the company use to understand and evaluate a broad range of insurance […]
The Shepherds Flat Wind Farm is an 845 MW wind farm in the U.S. state of Oregon. Credit: Steve Wilson / Wikipedia. The sight of propeller-like rotating blades positioned high up the pole of a tall horizontal-axis wind turbine (HAWT) may be familiar to many. Often grouped in wind farms, HAWTs provide significant amounts of energy for local communities. One drawback to HAWTs is the large space they […]
This piece was originally published by the Reynolds Journalism Institute at the Missouri School of Journalism. It has been republished with permission. You can join the author for a free Webinar about building trust on Facebook at 2 p.m. Thursday, March 2. Relationships take work. You don’t get intimacy without putting in some time. You don’t ask for favors without offering the equivalent yourself. You earn trust […]
By Richa Naidu and Nandita Bose Target Corp (TGT.N) shares plunged on Tuesday after executives issued a full-year profit forecast that fell well below analyst estimates and said the retailer would lower prices to compete with deep-discounting rivals. Target at its investor day conference vowed aggressive promotions and said new brands and investments in technology and small stores will allow it to eventually win back market share. […]
By Stephanie Nebehay and Joseph Sipalan | GENEVA/KUALA LUMPUR GENEVA/KUALA LUMPUR South Korea called for “collective measures” to punish North Korea for using chemical weapons to kill the estranged half-brother of its leader Kim Jong Un, as Malaysia said on Tuesday it would charge two women with murder over the airport attack. Police have said the women smeared VX nerve agent, a chemical on a United Nations […]
This example of a 3-D ladar point cloud shows a fully foliated field site. Color indicates elevation above the ground, with red tones indicating a higher elevation value (for example, tree tops and vegetation) and blue tones indicating lower elevation value (ground-level vegetation and the ground itself). Credit: Massachusetts Institute of Technology The United States shares 5,525 miles of land border with Canada and 1,989 miles with […]
Union Properties has achieved higher sales yields since launching the sales of OIA Residence due to this high-yielding investment opportunity. The project is located in the heart of MotorCity with a Modern Greek design. The architecture is inspired by white-painted houses synonymous of the Greek islands and OIA Residence named after a small town in the island of Santorini, Greece. UP commenced sales for OIA Residence, with […]
When the universe was young, a supermassive black hole heaved out a jet of particle-infused energy that raced through space at nearly the speed of light. Billions of years later, scientists has identified this black hole and four others similar to it that range in age from 1.4 billion to 1.9 billion years old. Source
We’re all exposed to unhealthy traffic pollutants, but people who spend a lot of time on or very near higher-traffic roads get more. The Center for Public Integrity and Reveal from The Center for Investigative Reporting teamed up to look at the schools across the country that sit within 500 feet of busy roads. We picked that distance because, in general, studies suggest that the biggest daytime […]
ROME Bright lava lit up the night sky on the Italian island of Sicily on Monday as Mount Etna erupted for the first time this year. The volcano, one of the most active in the world, has been largely dormant for the last two years, but it sprung to life with bright orange lava spewing out high over the Mediterranean Island, eventually easing off by Tuesday morning. […]
South Korean prosecutors have charged Lee Jae-yong, Samsung’s de facto boss, with bribery, embezzlement and other offences in connection with the country’s sprawling corruption scandal. The move on Tuesday is a blow to the leadership transition to the third generation of the founding family of South Korea’s largest conglomerate. The indictment of the 48-year-old vice-chairman of Samsung Electronics, along with four other Samsung executives, comes as the […]
By Thomas Escritt | AMSTERDAM AMSTERDAM Since the evening in 2004 when policemen arrived unannounced to escort him and his wife to safety, Geert Wilders has lived in safe houses under 24-hour guard to protect him from Islamist militants who threatened to kill him. Film-maker Theo van Gogh had been shot, stabbed and nearly beheaded by a militant Islamist earlier that day, and Wilders, another prominent critic […]
28 February 2017 Dubai, UAE – Gulfood 2017, the 22nd edition of the world’s largest food and beverage trade platform, has rubberstamped its standing as a true industry weathervane and innovation laboratory. Right across the 1,000,000 square foot show, which runs until Thursday 2 March at Dubai World Trade Centre (DWTC), up to 90,000 food professionals from 150 countries are absorbing tens of thousands of products being […]
