When the bill was considered by the full committee in December 2012, Schumer, who eventually voted in favor of the bill, nevertheless echoed concerns of the tech companies, saying it “still needs a lot of work to assuage the concerns of tech innovators.” Sen. Grassley, who also voted for the measure, said he had the same worries, saying the bill needed to address industry concerns that it […]
Wednesday 02:20 GMT Overview Stock markets across Asia were mixed as anticipation of the Federal Reserve’s policy decision dulled the effect of another set of record highs for Wall Street. What to watch All eyes were on the end of the Fed’s two-day policy meeting later in the day, with the US central bank expected to raise interest rates 25 basis points. Roughly a year ago the […]
By Patricia Zengerle | WASHINGTON WASHINGTON U.S. Senate Democrats plan to enlist accountants and legal experts to pore through the business records of Exxon Mobil Chief Executive Rex Tillerson, President-elect Donald Trump’s pick for secretary of state, Democratic aides said. Tillerson could face a rocky confirmation process, given concerns among both Democrats and Republicans about his ties to Russia. If Tillerson can overcome the skepticism of Republicans, […]
WASHINGTON — The Obama administration has deepened its rift with its Gulf allies over the ongoing conflict in Yemen, blocking a transfer of precision munitions to Saudi Arabia because of concerns about civilian casualties that administration officials attribute to poor targeting. Administration officials said on Tuesday that the White House had made the decision to block the sale by Raytheon of about 16,000 guided munitions kits, which […]
In a massive (in a literal sense, printing at 25 pages and over 8,000 words as there is little new information revealed in the piece itself) expose issued by the NYT tited “The Perfect Weapon: How Russian Cyberpower Invaded the U.S.” and meant to piggyback on the WaPo’s recent reporting and solidify the left-leaning media’s case that Hillary lost the election, the New York Times try to […]
By Matt Spetalnick and Timothy Gardner | WASHINGTON WASHINGTON President Barack Obama will make his case directly to President-elect Donald Trump not to derail the recent U.S.-Cuba detente, the White House said on Tuesday, insisting that “turning back the clock” would be damaging to American interests and the Cuban people. Ben Rhodes, Obama’s deputy national security adviser, said the outgoing administration hopes to persuade the incoming Trump […]
newslide Dubai set to become online creation hub Dubai is set to join the world’s leading ‘content creation’ hubs following the revelation at Diff 2016 that YouTube is set to open a YouTube Space in Dubai Studio City. What is a YouTube Space, I hear you ask. According to Jamal Al Sharif, head of Dubai Film Commission and Dubai Studio City, it is everything the UAE needs […]
The Waymo driverless car is displayed during a Google event, Tuesday, Dec. 13, 2016, in San Francisco. The self-driving car project that Google started seven years ago has grown into a company called Waymo. The new identity announced Tuesday marks another step in an effort to revolutionize the way people get around. Instead of driving themselves, people will be chauffeured in robot-controlled vehicles if Waymo, automakers and […]
13 December 2016 Dubai, United Arab Emirates – DAMAC Properties today announced that it has awarded 15 major construction and consultancy contracts valued at AED 1.26 billion during the period between August and November 2016, bringing the total value of contracts awarded so far in 2016 to AED 6.51 billion for projects in Dubai and the UK. The awarded contracts are for the provision of services related […]
Investors are making a record bet on global bank shares following the US election, according to a new survey of institutional money managers that also highlights the risks to the sector if Donald Trump fails to deliver faster economic growth. The allocation that investors made to bank stocks this month climbed to a weighting of 31 per cent above their benchmarks, up from 25 per cent in […]
ERBIL, Iraq — The Pentagon announced on Tuesday that a United States airstrike had killed three Islamic State operatives who were involved in mounting terrorist attacks in Europe, including the deadly assault in Paris in November 2015. The three men were killed on Dec. 4 in an airstrike in Raqqa, Syria, the Islamic State’s declared capital, said Peter Cook, the Pentagon press secretary. He described the men […]
By Steve Holland | WASHINGTON WASHINGTON President-elect Donald Trump named the head of Exxon Mobil Corp (XOM.N), Rex Tillerson, as his choice for U.S. secretary of state on Tuesday and won backing from some Republican foreign policy figures ahead of a possible Senate fight over the oilman’s ties to Russia. The Exxon CEO potentially faces difficulties getting confirmed in the Republican-controlled Senate. Some lawmakers worry about his […]
ABU DHABI // The Arab world is entering a new era, involving reform and changes in its mindset, according to the former Egyptian foreign minister and secretary general of the Arab League. In an interview with The National, Amr Moussa said the region’s young citizens, who make up about 70 per cent of the population, are better educated and have aspirations for the future. “They reject what […]
In this July 20, 2015 file photo, a pedestrian crosses in front of a vehicle as part of a demonstration at Mcity on its opening day on the University of Michigan campus in Ann Arbor, Mich. Cars that wirelessly talk to each other are finally ready for the road, creating the potential to dramatically reduce traffic deaths, improve the safety of self-driving cars and someday maybe even […]
Submitted by Lance Roberts via RealInvestmentAdvice.com, During my morning reading, I ran across an interesting article from Paul Lim via Time giving several reasons why the stock market will “rise for a ninth straight year.” “For ordinary Americans, 2017 is likely to feel like the best year economically since the Great Recession. The recovery is finally expected to trickle down to you in the form of […]
Low interest rates pose one of the biggest threats to the US economy and expose investors to the potential for heavy loses from a price shock across a range of markets, according to an independent arm of the US Treasury. The concerns are raised in the Office of Financial Research’s annual financial stability report to Congress, which concludes that threats to stability remain “in a medium range”. […]
The 13th Dubai International Film Festival draws to a close on Wednesday, with the regional premiere of Rogue One: A Star Wars Story. Whether you are a film buff, a casual movie fan, an industry guru or an aspiring filmmaker, it is safe to say that this year’s edition was one of the best. The number of films was up on last year, to 156, after a […]
Information and Education In the past 10-20 years, a massive increase in mobile computer processing power changed the way the world consumes and digests information. More and more people around the globe have access to education, almost in real-time. People in the East can see how people in the West live. Lifestyles of people in the Northern hemisphere are visible to people living in the South. Being […]
Wall Street looked set to open higher on Tuesday, as investors keep a close watch of the Federal Reserve’s two-day meeting where it is widely expected to raise interest rates for the second time since the financial crisis. A hike of 25 basis points in the Fed’s target range of 0.25-0.50 percent is priced in, but investors will be examining the Fed’s statement and economic forecasts for […]
Just hours before the November 30 Vienna OPEC meeting, whose outcome sent the price of oil soaring, Gartman had a recommendation: “we are short of crude oil from yesterday; we’ll have stops on those positions on a closing basis this afternoon here in the States, with the intention of adding to those short positions once the OPEC meeting is behind us.” Oops: following the same day’s 6% […]
DUBAI Many disasters loom over one of the poorest countries in the Middle East as it suffers through nearly two years of war, among them a colossal pile of waste outside Yemen’s capital leeching toxic waste into its diminishing water supply. Hardly a paragon of waste management before the war, Sanaa was at least able to separate out the most dangerous materials from the 10-million-ton hill thanks […]
Demand for oil will outstrip supply in the next six months as long as Opec and countries outside the cartel can implement a deal signed over the weekend to lower output, according to one of the world’s leading energy forecasters. The International Energy Agency said the planned production cuts, which add up to 1.8m barrels a day, could reduce stockpiles by as much as 600,000 b/d over […]
YANGON A newsman reporting on sensitive topics such as illegal logging and crime in Myanmar’s rugged northwest border region was found beaten to death on Tuesday, police said, the fifth killing of a journalist since 1999. A vibrant domestic media has flourished since Myanmar eased media restrictions in 2012 as it began a transition from decades of military rule, but reporters can face intimidation or legal threats […]
Boeing Chinese hackers are targeting aviation systems in the quest for information and intellectual property which will boost the country’s competitiveness, security researchers say. Cyberattacks against the aviation industry are nothing new, but with the inclusion of Internet-capable devices at the basic level of embedded devices to in-flight Wi-Fi and connected aviation systems, there are more avenues than ever that threat actors can exploit. Successful attacks which […]
