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SEOUL South Korean prosecutors will question the chairman of the SK Group on Saturday in connection with an influence-peddling scandal that brought down President Park Geun-hye, the company and the Yonhap news agency said. Park, South Korea’s first democratically elected leader to be removed from office, faces allegations that she colluded with a friend, Choi Soon-sil, to pressure big businesses to donate to foundations set up to […]

By Ben Blanchard | BEIJING BEIJING China is likely to express its anger at being told to rein in nuclear-armed North Korea when U.S. Secretary of State Rex Tillerson arrives in Beijing on Saturday, his first visit to the country since taking office last month. Beijing is expected to call on Washington to share responsibility in lessening tensions in the region, while strongly opposing this month’s deployment […]

By Caroline Valetkevitch | NEW YORK NEW YORK Small-cap stocks benefited from a dovish lining to the U.S. Federal Reserve’s decision to raise interest rates this past week, but strategists warn it will take more to make these pricey stocks outperform their larger brethren in the long haul. The Fed on Wednesday raised rates by a quarter of a percentage point, as expected, but did not flag […]

Netflix is considering the possibility of streaming mobile-specific versions of its original TV shows and movies, aiming to enhance the experience for mobile users. So far, Netflix has allowed streaming on various platforms, including mobile, but it has never delivered different cuts of movies and TV shows specifically tailored for certain platforms. It’s the same cut across all devices, but Netflix believes there’s some room for improvement […]

Hundreds of men and women with limited access to proper hospitals, medical insurance or awareness were tested and screened for breast cancer as the Pink Caravan came to a close yesterday. The 7th Pink Caravan ride, the breast cancer campaign, held its final event at Zayed Sports City in the capital with a seven-kilometre walk to raise awareness of the topic. The 10-day trek, themed Seven Years […]

OTTAWA In a bid to attract high-tech workers, British Columbia said on Friday skilled immigrants living in Vancouver will not have to pay a special property transfer tax on foreign purchases of real estate. The Canadian province imposed the 15 percent tax on nonresidents’ purchases of property in the city last August amid concern that speculation by global investors, mostly from mainland China, was fuelling a bubble. […]

UAE-based retailer Paris Gallery has announced plans to open 30 new stores across the Middle East over the next five years. The company said in a statement that its expansion would focus mainly on the Gulf region and would see its workforce grow to about 5,100 employees, up from 3,500. The total projected retail area in operation will reach 3.2 million square feet by 2021, it added. […]

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By Anna Mehler Paperny | TORONTO TORONTO Canada’s border authorities detained more Mexicans in the first 67 days of 2017 than they did annually in any of the three previous years, according to statistics obtained by Reuters. The spike comes immediately after Canada’s federal government lifted its visa requirement for Mexican citizens in December. Many Mexicans looking north have shifted their focus from the United States to […]

Brazilian outsourcing firm Stefanini IT Solutions has appointed a new chief executive for its operations in North America and Asia-Pacific. Former IBM head for global technology services Spencer Gracias will be leading the business for both regions, after joining the company as vice president in July 2016. Based at the firm’s Detroit offices, Gracias replaces Antonio Moreira, who had been leading Stefanini’s US presence since its launch […]

Mulesoft, a software “unicorn”, gained 46 per cent in its trading debut in New York on Friday, the latest in a number of hot listings that are reviving the US market for initial public offerings. Mulesoft rose to $24.75 after pricing at $17, giving the IPO the best first-day “pop” this year, according to Dealogic. The performance follows recent first-day gains from Canada Goose, the maker of […]

Emirates has unveiled a new Real Madrid decal on its iconic A380. Making its first touchdown at Adolfo Suárez Madrid-Barajas airport, the Emirates A380 has been emblazoned with the image of Real Madrid footballing giants. The plane’s eye-catching decal features some of the club’s world-class players including Cristiano Ronaldo, Gareth Bale, Sergio Ramos, Karim Benzema and Marcelo. Visible from both sides of the plane, the bespoke decal […]

BEIRUT The head of the Syrian Kurdish YPG militia said a U.S.-backed assault to drive Islamic State from its de-facto capital Raqqa would begin at the start of April and the YPG would be taking part, despite fierce opposition from neighbouring Turkey. A spokesman for the U.S. Pentagon said no decision had been made yet on the Raqqa offensive, which is part of a two pronged attempt […]

At 38 years and counting, the clock is ticking against the famed environmental artist for his proposal to create the world’s largest sculpture in the UAE desert. Even though many of Christo’s memories may be cherished, not every anniversary is a cause for celebration. “I am not a masochist, I don’t like to spend 38 years working on this project,” says the white-haired artist who wrapped the […]

Jeroen Dijsselbloem, the Dutch finance minister who served as the eurozone’s chief dealmaker during some of the bloc’s biggest crises, may become a high-profile casualty of his national elections, with his Labour party unlikely to remain in government after losing three-quarters of its seats. The drubbing means Mr Dijsselbloem, who has served as eurogroup president for more than four years, may have to relinquish the post before […]

Photo Egyptian workers excavate a statue in Cairo last week. The colossus, originally believed to represent Ramses II, is now thought to be a statue of Psamtik I. Credit Khaled Desouki/Agence France-Presse — Getty Images CAIRO — The pharaonic statue that was discovered in a Cairo slum last week, believed to depict to Ramses II, one of ancient Egypt’s best known rulers, most likely is of a […]

Markets do not have a clue how to handle political populism. They are still frightened of it, even though last year’s populist earthquakes in the UK and US are yet to have the drastic consequences that had been feared, and they cannot gauge its chances of success. This might yet create opportunities for those who can stomach some risk. This was a great week for European stocks, […]

Despite the surge in interest and sales of modern data discovery tools like SAP BusinessObjects Lumira and SAP BusinessObjects Cloud, corporations are still really, really interested in reporting. At the recent Gartner Data & Analytics event in Texas, Cindi Howson showed that descriptive analytics remains by far the most common type of analysis that companies do in the real world. Last year, Gartner redefined the BI and […]

Slow wi-fi is a source of irritation that nearly everyone experiences. Researchers have come up with a surprising solution: a wireless network based on harmless infrared rays. The capacity is not only huge (more than 40Gbit/s per ray) but also there is no need to share since every device gets its own ray of light. (via WSJ)

Credit: Public Domain Slow wi-fi is a source of irritation that nearly everyone experiences. Wireless devices in the home consume ever more data, and it’s only growing, and congesting the wi-fi network. Researchers at Eindhoven University of Technology have come up with a surprising solution: a wireless network based on harmless infrared rays. The capacity is not only huge (more than 40Gbit/s per ray) but also there […]

HH Sheikha Manal: “The UAE’s success and experience qualifies the country to play an important role in shaping a new global roadmap for gender balance.” HE Mona Al Marri: “Through the Global Gender Circle initiative, we’re striving to provide new opportunities for international leaders and experts in gender equality to come together, develop innovative ideas and drive transformative change in achieving gender balance as well as bridging […]

By John Davison and Ahmed Rasheed | MOSUL, Iraq/BAGHDAD MOSUL, Iraq/BAGHDAD Iraqi forces battling Islamic State in Mosul edged into the Old City and around the al Nuri mosque on Friday trying to seal off a main road to prevent militants sending in suicide bombers to attack their positions. Troops are meeting fierce resistance as militants retreat into the Old City, where street fighting is expected in […]

It is not uncommon for younger people to believe that cancers such as colon and rectal cancers afflict mostly older individuals. Recent study, however, has shown that the number of Gen X and millennials diagnosed with this disease each year is increasing as the number decreases for adults over the age of 50. While the main reason for the increase in diagnosis for Gen X and millennials is relatively […]

DUBAI // “How was school?” was never a question 19-year-old Krishna Kisani could answer. But the teenager who has autism now takes out flash cards to show healthy and unhealthy food groups and repeats ‘fire station’ after a class visit with teachers at the Integreat Centre. His mother Savitri enjoys finally knowing what her son does in school due to a structured programme helping the teenager to […]

Secretary of State Rex Tillerson, the former Exxon CEO, is undoubtedly familiar with “tone at the top,” a term coined by audit firms and drilled home by business ethicists in the wake of financial scandals at Xerox, Enron and Arthur Andersen. When corporate leaders fail to model tone at the top by upholding principles, corners are cut and lapses trickle down and poison institutional culture. And yet […]

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