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ABU DHABI, UAE 13 November 2016  Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has awarded the early works contract for the first phase of Mayan, a luxury residential development located on Yas Island, to Dutch Foundation & Concrete Rehabilitation Company WLL. The AED 30 million contract provides for shoring, piling and earthworks for Mayan’s 512 luxury apartments which are spread […]

China Inc plans its first dollar sukuk issuance to tap a fourfold increase in Chinese funds that can invest in bonds overseas. Sichuan Development Financial Leasing Co plans to sell $300 million (Dh1.1 billion) of Islamic bonds via Singapore-based special purpose vehicle, Silk Routes Capital Pte, in December, according to sale adviser Silk Routes Financials. The deal is being done in the city-state because China doesn’t have […]

Vive, a virtual reality headset, is a product developed by HTC in partnership with Valve. It delivers one of the best virtual technologies to the world. Back in April, Taiwanese company HTC started a program called the Vive X. Under this program, HTC would support and endorse startups working on virtual reality (VR) development. The program was funded with $100 million and now the results are becoming […]

This all began in April, when Ferguson, a McDonald’s all-American, played in the Nike Hoop Summit in Portland, Ore. After the game, he said, his mother, Rachelle Holdman, delivered some unexpected news: A representative from an Australian team wanted to meet with them over dinner. Continue reading the main story At the time, neither Ferguson nor his mother knew that Australia even had a professional league. But […]

The US government has charged Autonomy’s former finance chief with a multimillion-dollar fraud before the UK software company’s disastrous $11bn sale to Hewlett-Packard in 2011. Federal prosecutors are seeking at least $7.7m in proceeds from Sushovan Hussain, a long-serving Autonomy executive, who they allege exaggerated its financial performance and misled investors, including HP during its due diligence process. Mr Hussain, who denies any wrongdoing, was indicted on […]

Berkshire Hathaway Inc (BRKa.N) shares posted one of their best weeks in years, soaring 9.5 percent and touching a record high, even though Chairman Warren Buffett’s choice for the White House, Hillary Clinton, was defeated by Donald Trump. The conglomerate’s Class A shares closed on Friday up $1,110 at $234,860, a day after surpassing their record set in December 2014. Its Class B shares did even better, […]

Lego has announced it has ended its relationship with the Daily Mail after campaigners targeted some of the UK’s biggest newspapers over their coverage of inflammatory issues such as immigration and race following the vote for Brexit. The Danish toy maker posted a message on Twitter on Saturday confirming its current agreement with the Mail had finished and that it was “not planning any future promotional activity […]

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If you own the Sony Xperia X Performance smartphone — which hit U.S. shelves in July — you would be pleased to learn that the handset is now receiving a software update that fixes the niggling accelerometer issue. As promised, Sony has now pushed out a software update which resolves the accelerometer issue. Some handset owners were also facing issues with the responsiveness of the screen rotation functionality, the […]

SAO PAULO The Brazilian unit of Ford Motor Co (F.N) plans to resume 24-hour production at its Camaçari, Bahia, plant, in a sign of optimism with Brazil’s economic recovery, O Estado de S. Paulo newspaper said on Saturday. About 400 workers who have been suspended since March, when Ford paralyzed the unit’s third shift, will return to the production lines, Estado said. Lyle Watters, Ford’s chief executive […]

Photo United States goalkeeper Brad Guzan (12) could not stop a header by Mexico’s Rafael Márquez in the 89th minute of a World Cup qualifier in Columbus, Ohio. Credit Jamie Sabau/Getty Images COLUMBUS, Ohio — For years, the score was so ingrained it became a mantra. A rallying cry. A marketing device, even. Four straight times, the United States men’s soccer team faced Mexico in a home […]

Before he was elected to be the next US president, Donald Trump had garnered the support of just one prominent billionaire in Silicon Valley: billionaire Peter Thiel, founder of PayPal and Facebook board member. The US technology industry had been shocked that one veteran from the Valley, which prides itself on liberal values, had supported, funded and even spoken for Mr Trump at his convention — and […]

By Sumanta Dey | BENGALURU BENGALURU After Donald Trump’s unexpected victory in the U.S. presidential election, investors may refocus in the coming week on the health of the world economy and any signs that years of rock-bottom interest rates and fiscal austerity are coming to an end. Trump’s victory poses a major challenge to the conventional wisdom on the global economy, which for years has relied on […]

By Sinead Carew | NEW YORK NEW YORK The U.S. banking sector’s dramatic rally post Election Day is likely just a taste of bigger gains to come, as investors expect banks to reap huge benefits from rising interest rates and lighter regulation under a Donald Trump presidency. In recent years, bank stocks have been held back by heavy regulation and historically low interest rates which have sapped […]

Donald Trump has appointed Mike Pence, his running mate, to head his transition team as he prepares to start naming people to fill top posts in his administration. Mr Trump also appointed four members of his family, including his daughter Ivanka and her husband Jared Kushner, along with the financiers Anthony Scaramucci and Steven Mnuchin. The team will also include Stephen Bannon, his campaign chief executive, Reince […]

Warren Buffett has thrown his weight behind scandal-hit Wells Fargo, saying it is “a great bank that made a terrible mistake” whose new chief executive Tim Sloan is “exactly right” for the top job. Breaking his months-long silence on the debacle, the head of Berkshire Hathaway, the bank’s biggest shareholder, confirmed he has not sold any shares after the scandal erupted over sales practices. The famed investor […]

The International Monetary Fund approved a $12 billion loan program for Egypt to restore investor confidence and help revive an economy battered by years of political turmoil. The Washington-based lender’s executive board approved the three-year loan on Friday. Approval of the IMF loan program, the largest of its kind on record in the Middle East, comes a week after Egypt floated its currency to end a crippling […]

Iran, which has said it’s exempt from OPEC’s accord to cut production, told the group it raised output by the most since international sanctions were lifted. Iraq, unwilling to curb its supplies, reported a higher level than OPEC’s estimates. Freed from curbs on its oil trade in January, Iran said it increased output by 210,000 barrels a day to 3.92 million a day in October from the […]

The EU is ready to use punitive anti-dumping tariffs on imports — such as steel — after a UK-led blocking minority of countries opposed to the reforms collapsed. Britain had been part of an alliance set on scuppering the plan as unnecessary and protectionist. But on Friday the Netherlands and Austria indicated that they would throw their weight behind the proposal, leaving the UK likely to be outnumbered when […]

By Yashaswini Swamynathan U.S. stock index futures fell sharply on Friday as investors tailored their portfolios to benefit from president-elect Donald Trump’s proposed policies. The decline on Nasdaq futures was more pronounced. Facebook (FB.O), Apple (AAPL.O), Netflix (NFLX.O) and Alphabet (GOOGL.O) were off more than 1 percent in premarket trading, indicating that Thursday’s selloff in the technology sector was likely to continue. Investors also appeared to be […]

Ever since Microsoft launched the first Surface device, the company has been pushing to get creative apps in the Windows Store in hopes to have creators switch from the Mac to Windows. So far, the company has been doing a decent job, and the latest app to cross over is Affinity Photo. The app began life on Mac OS X, but now it’s coming to Windows 10. […]

By David Randall | NEW YORK NEW YORK Donald Trump’s surprise victory in the U.S. presidential race is pushing mutual fund managers out of dividend stocks and into the shares of financial, industrial and materials companies that stand to benefit from rising inflation. Although inflation remains subdued by most measures, U.S. longer-dated Treasury yields rose on Thursday to their highest levels in more than 10 months after […]

Xbox One may already be cementing its position as the best-selling console in the United States after consistently beating PlayStation 4 in the past four months. This is considered the longest Xbox One dominance in the history of the consoles’ rivalry since they were both launched in November 2013. Xbox One October Sales The information is based on data gathered by The NPD Group and GfK Entertainment […]

The Android 7.1-based CyanogenMod 14.1 (CM14.1) nightlies have landed. Technically, CM14.1, the latest version of the community-built Android distribution was already launched a few days ago with an experimental build roll out for the OnePlus 3. Now, more devices can get a taste of CyanogenMod 14.1 as handful of nightly builds get pushed out. In a blog post Tuesday, Nov. 8, CyanogenMod project founder Steve Kondik announced […]

Representatives from Breakthrough Listen launched Nov. 7 the Parkes Radio Telescope, a $100 million project that had been going on for a decade, in the attempt to seek extraterrestrial life. The telescope is currently looking for proof in the vicinity of Proxima Centauri after the discovery of a possibly habitable planet in August 2016. Humanity’s interest in discovering alien life has gained traction along with the technological […]

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