In this Policy Forum, Cong Cao and Richard P. Suttmeier highlight the immense work and challenges China will encounter as it attempts to reform its scientific and technological development strategy. (via WSJ)
The tier gives limited access to 15 services. (Image: Google) Stressing its fundamental commitment to openness, Google on Friday announced that it’s adding a free tier to the Google Cloud Platform (GCP). The tier gives limited access to 15 services, including Google Compute Engine (1 f1-micro instance per month in US regions and 30GB-months HDD), Google Cloud Storage (5GB a month), Google Pub/Sub (10GB of messages a […]
Samsung Electronics has completed the acquisition of Harman International Industries in a deal worth $8 billion, the company announced. Harman stockholders will receive $112 per share in cash, and the deal was approved by the US firm’s stockholders and local and foreign regulators, the Korean company said. Harman will be 100 percent owned by Samsung, while Dinesh Paliwal will remain as Harman’s CEO. The company’s workforce, headquarters, […]
The two most powerful men in the world oil market appeared together in Houston on Tuesday to tell the world that their strategy was on track. In December, Khalid al-Falih and Alexander Novak, the energy ministers of Saudi Arabia and Russia, orchestrated a 24-nation plan to cut oil output in the first half of 2017. This week they spoke to reporters in a hotel conference room at the […]
LOS ANGELES Starbucks Corp on Friday said its business has not been hurt by a social media boycott campaign started in response to the chain’s promise to hire 10,000 refugees globally over the next five years. Starbucks made its Jan. 29 refugee hiring announcement on the heels of President Donald Trump’s first executive order that temporarily banned travel from seven mostly Muslim nations. The move angered some […]
Emirates National Oil Company (ENOC) has announced plans to build 10 new service stations in 2017, as part of its 2020 expansion programme to increase its retail network capacity by 40 percent. The group’s plans for this year started with the opening of its new Warsan service station, with other locations to include Sheikh Zayed Road, Al Barsha South, Hessa Street, Sheikh Rashid Road, Bab Al Shams, […]
A Chinese property developer constructing a huge housing project in southern Malaysia has become the latest corporate victim of Beijing’s crackdown on capital flight. Country Garden has closed showrooms in mainland China for its flagship $100bn Forest City development in response to measures by Chinese regulators that have made it harder for individuals to move money out of the country. A slowing Chinese economy, rising US interest rates […]
“It sucks,” says Mike Mayo. One of the more visible Wall Street analysts, Mr Mayo lost his job last week when CLSA, the Chinese-owned broker which had employed him, abruptly shuttered its US research operations. At 4.15pm last Monday, as Mr Mayo tells it, he was summoned to an all-hands meeting. At 4.20pm he and 89 others were let go. He went to FedEx to buy nine […]
Saudi Arabian corporate earnings may finally have bottomed out after two years of falls due to low oil prices and the government austerity which followed, with the petrochemicals sector leading signs of recovery. But a sharp rebound is unlikely for companies in the Middle East’s biggest economy as further austerity looms and they are competing for customers who are no longer flush with cash. Analysts say stronger […]
The report from January was one of hundreds that Mr. Abdul Kareem has made inside Syria in recent years, building his reputation as a unique voice covering the war from rebel-held areas that other Western journalists have fled for fear of kidnapping and beheading by jihadists. Continue reading the main story Along the way, Mr. Abdul Kareem has interviewed foreign fighters from Britain, Saudi Arabia and elsewhere […]
Troy Toman, director of engineering at Planet Labs, explains how his organization effectively uses both AWS and Google Cloud. (via PCMag)
Qatar is looking to welcome 10 million visitors a year and generate $17.8 billion in tourism receipts by 2030, according to a new study. Research released ahead of the Arabian Travel Market 2017, which takes place in Dubai on April 24-27, showed that Qatar will look to generate 5.2 percent of its GDP through tourism over the coming years, creating 98,000 jobs and managing an inventory of […]
Riyadh, 09 March, 2017 Mobile Telecommunication Company Saudi Arabia (Zain Saudi Arabia) announced its financial results for the full financial year ending December 31, 2016. Key Performance Indicators for the 12 months ending 31 Dec 2016: Compared to Full-Year 2015, Zain Saudi Arabia reported: Advertisement Revenues increased by 3% to SAR 6,927 million, Gross profit grew by 11% to SAR 4,401 million. EBITDA also grew by 10% […]
Montclair is a New Jersey bastion of the Trump-doubting privileged class that went back to the future Thursday with an imperiled species: a new broadsheet newspaper. But, if Trump could wind up president, who says a broadsheet Lazarus can’t rise from the media ashes and make it somewhere? The weekly Montclair Local debuted in the 36,000-person bedroom community of New York City rife with ink-stained and digitally […]
By Shinichi Saoshiro | TOKYO TOKYO Asian stocks edged up and the dollar rose to 1-1/2-month highs versus the yen on Friday, ahead of the closely-watched U.S. non-farm payrolls report due later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2 percent, taking cues from a modest bounce in Wall Street overnight. Japan’s Nikkei climbed more than 1 percent on the back of […]
New York and London are locked in a frantic race to be the main international listing venue for Saudi Arabia’s initial public offering of its state oil company, emerging as clear frontrunners in what is set to be the world’s biggest ever flotation. Executives from the New York Stock Exchange and London Stock Exchange have held talks with Saudi Aramco, the state group valued at as much […]
Viva Republica CEO SG Lee Image: Viva Republica Viva Republica, maker of peer-to-peer money transfer app Toss, announced that it has raised $48 million in a Series C round led by San Mateo-based VC firm Goodwater Capital, with PayPal, Bessemer Venture Partners, Altos Ventures, and Partech Ventures also contributing to the round. The latest funding round brings the total amount raised by the Seoul-based company to 87.5 […]
Google Cloud Platform may not be the only cloud provider in an enterprise, but it’s willing to offer discounts to make sure it gets its share. (Image: Google Cloud/YouTube) Google Cloud Platform rolled out Committed Use Discounts, which are designed to pass along savings to enterprises for a one- or three-year purchase commitment to Google Compute Engine. Special Feature Cloud Computing: Moving to IaaS Infrastructure as a […]
The tour to the city included a special preview on the first ever complete model of the Sustainable City to be showcased at the Future Cities Show 2017 Dubai, 9 March 2017: The UAE Minister of Infrastructure Development, His Excellency Dr. Abdullah bin Mohammed Belhaif Al Nuaimi visited ‘The Sustainable City’ – the region’s first sustainable and integrated project and the first residential project in Dubai that produces clean energy, […]
The best iPhone may actually be the one Apple seems to have forgotten about. I’ve had this conversation with taxi drivers, friends, and even other smartphone experts. The iPhone SE’s invisibility shows how important Apple’s marketing is to its sales: if it makes a great product but doesn’t talk about it, nobody knows it exists. But there’s a reason Apple keeps the iPhone SE in […]
Thursday 14:30 GMT Overview The euro is firmer and Bund yields are trundling higher with Treasuries after the European Central Bank stood pat on interest rates and indicated it was not looking to ease policy further. Oil prices tried to rally but have resumed their sell-off, putting energy stocks under pressure and weighing on equity benchmarks. Hot topic (1) After a period when politicians seemed to rule […]
Cisco’s Jasper is making a big play into connected cars, a sector the company currently sees as its largest growth industry in the Internet of Things (IoT) space. According to Jasper MD for Cisco ANZ Tom Fisher, Cisco’s cloud-based IoT platform Jasper is now powering nearly every connected car in the world. “Our largest vertical is the connected car market,” Fisher told ZDNet. “Practically every single car […]
There are efficiency gaps between the startup ecosystems in Singapore and Silicon Valley, which the former can address by introducing simpler and clearer investment terms. Doing so would, in turn, attract more mature startups to their fold and better set up founders for success, according to executives from muru-D’s Singapore outfit. The Telstra-owned accelerator had just completed its second batch of eight startups under the six-month programme, […]
DUBAI, UAE, March 8, 2017 /PRNewswire/ — Over 1,300 IT and security stakeholders gathered in Riyadh to advance discussions on collaboration, standardization and a unified approach to mitigate cyber threats. Under the endorsement of Saudi Arabia’s Crown Prince His Royal Highness Mohammed bin Nayef bin Abdulaziz Al Saud, the National Cyber Security Center NCSC, representative of Ministry of Interior, in partnership with Naseba organized the 2nd International […]
