New Zealand telecommunications provider Spark has announced its financial results for the first half of FY17, reporting earnings before interest, tax, depreciation, and amortisation (EBITDA) of NZ$471 million, up 3.5 percent. Revenue was up by 4.1 percent, to NZ$1.79 billion, while earnings after tax amounted to NZ$178 million, up 12.7 percent. Capex increased by 3.7 percent for a total of NZ$224 million, and opex was up by […]
BERLIN No country can solve the world’s problems on its own and governments can achieve more for their nations if they work together closely, German Chancellor Angela Merkel said on Wednesday. Germany holds the presidency of the G20 leading economies this year, a platform Merkel wants to use to safeguard multilateral cooperation after U.S. President Donald Trump questioned international alliances and obligations and insisted on putting “America […]
By Michael Flaherty and Siddharth Cavale Procter & Gamble Co (PG.N), maker of Tide detergent and Gillette razors, will face ever greater pressure to slice costs and slow-growing divisions now that activist investor Trian Partners is a major shareholder. P&G’s shares hit a two-year high on Wednesday after Trian disclosed a stake in the consumer products behemoth, which is already trying to slim down by selling unprofitable […]
The Mohammed bin Rashid Space Centre (MBRSC) and the American University of Sharjah (AUS) have announced the successful launch of Nayif-1, the UAE’s first nanosatellite launched into outer space. Nayif-1 is an educational project launched by MBRSC in cooperation with AUS with the goal of providing hands-on experience to Emirati engineering students on designing, building, testing and operating nanosatellites, a statement said. Sheikh Hamdan bin Mohammed bin […]
By Roberta Rampton and Noah Barkin | WASHINGTON/BERLIN WASHINGTON/BERLIN U.S. Vice President Mike Pence heads to Europe this week to meet with allies seeking clarity on the Trump administration’s foreign policy strategy and its stance towards Russia after the resignation of the top White House national security aide. Pence, who has hewn more closely to Republican orthodoxy than his boss President Donald Trump, will attend the Munich […]
Getty Images/iStockphoto What impact will artificial intelligence (AI) have on the workforce? Will smart machines really replace a large number of people in a variety of jobs? The Internet of Things 10 types of enterprise deployments As businesses continue to experiment with the Internet of Things, interesting use cases are emerging. Here are some of the most common ways IoT is deployed in the enterprise. These questions […]
After two days of questioning, Ramon Fonseca Mora and Jurgen Mossack were detained by prosecutors in Panama on 9 February. The pair have been denied bail as they have been deemed flight risks. They are being held as part of a probe into corruption and bribery allegations involving Brazilian construction group Odebrecht, which has admitted paying $1bn (£800m, €943m) in bribes to obtain contracts in 12 […]
Donald Trump responded to a growing crisis surrounding his White House on Wednesday by rekindling a public war with the US intelligence community, accusing it of mounting a dirty tricks campaign to undermine his presidency by leaking information about his administration’s ties to Russia. In an early-morning Twitter barrage the US president blamed the escalating crisis that forced this week’s departure of Michael Flynn, his national security […]
Munich mayor Dieter Reiter: “Employees are not satisfied with our IT. More than half are not happy.” Image: ZDNet/Munich City Council Munich’s city council has resolved to draw up a plan for abandoning LiMux, a Linux distribution created especially for its use, which the mayor wants ditched in favor of Microsoft’s Windows 10 by the end of 2020. Despite heavy criticism from opposition parties, the city’s governing […]
The chief executive of General Motors has flown to Germany as the US carmaker seeks to assuage concerns from local managers and unions about job losses amid talks to sell the carmaker’s ailing European business to French rival PSA Peugeot Citroën. Mary Barra and key lieutenant Dan Ammann arrived at Opel’s headquarters, GM’s subsidiary, on Tuesday morning, while PSA chief executive Carlos Tavares is pushing to meet […]
National Real Estate Company (NREC), a Kuwait-based developer with projects exceeding $1 billion in Egypt and the UAE, has signed an agreement for a $101.5 million loan. The developer of Abu Dhabi’s upcoming Reem Mall said in a statement that it has signed the five year convertible loan with Agility Investment Holding Limited, a subsidiary of Kuwait-based logistics firm Agility. The loan facility has the option of […]
Quick, name five tech websites. Give up? There’s Recode, The Verge, Tech Crunch, Select All and Ars Technica. A glance at Techmeme, the aggregator for Silicon Valley obsessives, shows at least 100 more. With all the competition for attention on the internet, building new brands around well-loved can be a tough slog. But NBC News is foraging ahead anyway, putting new verticals on technology, wellness and ideas […]
Feb 15, 2017 11:46 am IST India’s space agency on Wednesday reached a new milestone by launching a record 104 satellites using a single rocket. The satellites, from seven countries, were carried by the Polar Satellite Launch Vehicle of the Indian Space Research Organization. It was the 39th successful launch of the agency’s workhorse rocket. The feat eclipses the record set by Russia in 2014 when it […]
After a day of chaotic communication, a stock sell-off and a $6.3bn writedown that may destroy one of Japan’s greatest industrial names, the Toshiba president’s bow of apology finally came. Satoshi Tsunakawa’s head nodded for just one perfunctory second on Tuesday. Most assume there will be much deeper, longer bows to come as Toshiba leads investors, customers, employees and Japan as a whole through the country’s first […]
As central bankers seek to wean markets off quantitative easing and exit the dangerous experiment of negative rates, they increasingly fret about the resilience of credit markets. How worried should they be? The US Treasury’s Office for Financial Research, the European Central Bank and the Bank of England have all issued warnings in their financial stability reports voicing concern over whether we might see fire sales that […]
SK Telecom, Deutsche Telekom, and Ericsson have demonstrated an intercontinental 5G trial network that will allow roaming services for the upcoming next-generation network. The South Korean telco and its German counterpart’s network slices are now available in each other’s footprint, the companies said. The successful demonstration was hosted at Deutsche Telekom’s R&D center in Bonn, Germany and SK Telecom’s at Yeongjongdo, where it also tested 5G connected […]
ABB collaborates with DEWA to integrate solar energy and support UAE’s clean energy ambition Zurich, Switzerland, February 14, 2017 ABB has successfully energized a major substation that will help evacuate power from the Mohamed Bin Rashid Al Maktoum (MBR) Solar Park, a key element of the vision to generate 7 percent of Dubai’s power from clean energy sources by 2020; 25 percent by 2030, and 75 percent […]
Since then the barriers to peace have grown even more formidable, and attitudes like Mr. Gatshan’s more entrenched. Continue reading the main story When President Trump and Israel’s prime minister, Benjamin Netanyahu, meet in Washington on Wednesday they are likely to discuss a change of tactics, relying on Arab states like Qatar to help secure a two-state solution, under which Israel and an independent Palestinian state would […]
DUBAI // Young Arabs make up the majority of the region’s population and they are the best people to develop a strategy for their future, Sheikh Mansour bin Zayed said at the World Government Summit on Tuesday. The Minister of Presidential Affairs said that there are more than 108 million young people in the 22 Arab countries and the summit was a starting point for young men […]
The UAE shall take quality-focused steps to create a supportive environment for innovation at a legislative level and for educational system, economic and media segments, says UAE Economic Minister Dubai, February 14, 2017 Engineer Sultan bin Saeed Al Mansoori, Minister of Economy chaired the seminar on innovation and the future of economy at the World Government Summit, a global platform dedicated to shaping the future of government […]
A few days before the retreat, I met up with the man who, perhaps more than any other figure in the conservative movement, had maneuvered the party toward complete and unbending opposition to Obamacare: Michael Needham of the Heritage Foundation. Needham, 35, is the chief executive of Heritage Action for America, a feral cur of a lobbying organization established by the venerable conservative think tank in 2010 […]
A striking feature of global financial markets since the crises of 2007 and 2008 has been the high propensity of many wealthy private investors to sit out all the turmoil, holding cash in bank accounts rather than in riskier assets. Might that be about to change? The word among bankers in conservative Switzerland — the world’s largest centre for cross-border private wealth management — is that it […]
The Monetary Authority of Singapore (MAS) has unveiled plans to establish a data analytics group that it says will guide the organisation as well as the local financial sector towards the digital economy. Operational from March 15, the new unit would drive the central bank’s efforts to tap data analytics for deeper insights and enhance work efficiencies within the organisation. It also would facilitate the supervision of […]
Researchers at MIT and Brigham and Women’s Hospital have designed and demonstrated a small, ingestible voltaic cell that is sustained by the acidic fluids in the stomach. Credit: Diemut Strebe Researchers at MIT and Brigham and Women’s Hospital have designed and demonstrated a small voltaic cell that is sustained by the acidic fluids in the stomach. The system can generate enough power to run small sensors or […]
