By Naomi Tajitsu and Chang-Ran Kim | TOKYO TOKYO Toyota Motor Corp is looking at mass-producing long-range electric vehicles (EVs) that would hit the market around 2020, the Nikkei newspaper reported on Monday, in what would be a dramatic reversal of strategy for the world’s top-selling automaker. Even as rivals such as Nissan Motor Co, Volkswagen AG and Tesla Motors have touted pure electric cars as the […]
A new partnership between long-time rivals Amazon Web Services (AWS), part of Amazon.com, and VMware could prove to be a major deal for enterprise hybrid cloud users as well as the competitive landscape that services them. Yesterday, the companies announced that they will be cooperating on a new hybrid service, dubbed VMware Cloud on AWS, designed to make it easier for enterprises to run VMware applications on […]
Google, Hewlett Packard Enterprise and IBM are among nine tech giants coming together to promote a new standard for data center servers. Designed to speed up server performance, the OpenCAPI specification is aimed at helping businesses better handle today’s increasingly data-intensive workloads. Working together as part of the new OpenCAPI Consortium, the industry partners said they expect that the first products based on the new standards will […]
HP Inc. expects to lay off between 3,000 and 4,000 employees in the next three years amid slumping demand for its products, the company said Thursday. The layoffs come one year after HP Inc., the manufacturer of printers, laptops and personal computers, was spun off from Hewlett-Packard in Silicon Valley’s biggest corporate breakup. The other company in the split, HP Enterprise, provides data center technology and business […]
|By Matein Khalid| The Algiers pact was a game changer in the international oil markets. Crude oil prices have risen to three month highs above $50 Brent after OPEC agreed to cut output to the 32.5 – 33 MBD range, with the symbolic Saudi-Iranian deal reinforced by a sharp drop in US inventories and Hurricane Matthew’s havoc in the Caribbean. Unfortunately for OPEC, the US land rig […]
DUBAI // City authorities plan to make Dubai fully accessible to the disabled. Surveys in hospitals, hotels, mosques, malls, schools and transport hubs will determine what needs to be done. Finding a way for disabled people to get from their homes to any destination by public transport is a challenge, but it is not impossible, planners say. Senior officials from transport authorities, the municipality and disability support […]
By MARK LANDLER September 30, 2016 WASHINGTON — When Bill Clinton took his place on Friday at Mount Herzl in Jerusalem for the state funeral of Shimon Peres, he was part of a tangled tableau: leaders from Israel and the United States who came together to mourn a giant of peace but who nurse their own political feuds and rivalries, stretching back two decades. Standing close to the former […]
The UAE was ranked first regionally and 16th globally in the latest Global Competitiveness Report issued by the World Economic Forum (Davos) in Switzerland. The report is one of the most important global competitiveness reports, which monitors annual performance and competitiveness of the economies of countries in terms of strength, weakness, impact on quality of life, prosperity and well-being of people. Switzerland, Singapore and the United States […]
UAE. A new report by The Boston Consulting Group (BCG) reveals that, when it comes to its current-level Sustainable Economic Development Assessment (SEDA) scores, the UAE outperforms the GCC and the rest of the world in most dimensions—including income, employment, education, infrastructure, civil society, governance, and environment. Across these dimensions, the UAE topped the average scores of both the GCC and the rest of the world. The […]
Tyrannosaurus rex and other large meat-eating theropods were the biggest baddies on the prehistoric block, and ornaments on their heads could help us figure out why. New research from North Carolina State University shows that theropod dinosaur species with bony crests, horns and knobs evolved to giant body sizes 20 times faster than those species lacking such embellishments. Additionally, the research shows that theropod dinosaurs most closely […]
|By Matein Khalid| The Federal Reserve did not disappoint the financial markets after Janet Yellen’s FOMC conference on Wednesday. The US central bank did not raise the overnight borrowing (or Fed Funds rate) to 0.5% on the eve of the November election. This triggered a wild rally in the US stock market with the Dow Jones up 163 points, gold up to $1342 and oil to $46 […]
|By Arabian Post Staff| OPEC members aren’t likely to reach a supply deal in Algiers next week, but an agreement to boost prices could be drawing closer after Saudi Arabia signaled for the first time in two years that it’s willing to cut production, Bloomberg reported. Saudi Arabia and Iran, whose rivalry thwarted a deal with other major producers in April, didn’t reach agreement after two days of […]
WASHINGTON — The United States’ accidental bombing of Syrian troops over the weekend has put it on the defensive, undercutting American efforts to reduce violence in the civil war and open paths for humanitarian relief. The United States had thought that if a deal to ease hostilities in Syria, struck by Secretary of State John Kerry and his Russian counterpart in Geneva nine days ago, fell apart, […]
The Interpreter By MAX FISHER You could be forgiven, after five years of Syria’s war dominating front pages, for feeling lost. It is easy to track the war’s toll: It has killed 400,000 people, displaced millions, opened space for the Islamic State, and sucked in foreign powers, including the United States. It is harder to keep track of the how and why. The basics can seem even […]
By Adam Jourdan and Tom Westbrook | SHANGHAI/SYDNEY SHANGHAI/SYDNEY Apple Inc fans from Sydney to Shanghai, the first customers worldwide to snap the new iPhone 7 off the shelves, cheered as they left stores on Friday brandishing their purchases, flanked by applauding sales staff. But underneath the usual fanfare, the crowds of enthusiasts and overnight campers were smaller than in past years. Some customers complained after the […]
|By Arabian Post Staff| DEWA has awarded the contract for Independent Power Producer (IPP) Advisory Services for the 200MW Concentrated Solar Power (CSP) Plant to a consortium led by KPMG Lower Gulf Limited (Financial), alongside Mott MacDonald (Technical) and Ashurt (Legal). This is part of DEWA’s efforts to increase the percentage of renewable and clean energy in the energy mix, and support the Dubai Green Energy Strategy […]
|By Matein Khalid|I had written a column two weeks ago outlining my view that US equities faced a dangerous autumn and the S&P 500 index was set for a fall of 150 points. However, even I did not expect the S&P500 index to fall 52 points on Friday (the Dow dropped 394 points and NASDAQ 133 points), its worst performance since the Brexit shock. It was even […]
|By Arabian Post Staff|The DIFC Wills & Probate Registry (W&PR) has announced the launch of an online facility that provides eligible resident and non-resident property owners with a simple, cost-effective way to pass on their assets. This new facility has been made available on The Registry’s website www.difcprobate.ae from 6th September 2016. Property owners can complete a template will online that is specifically limited to real estate. […]
By Adam Jourdan and Paul Carsten | SHANGHAI/BEIJING SHANGHAI/BEIJING Judging by the volume of online chatter, there’s a lot less buzz in China ahead of this week’s expected launch of the new Apple Inc iPhone, and people on the street say they’re more likely to “wait and see” what the latest device offers than rush out to buy. Posts on China’s popular Sina Weibo microblogging site show […]
Two new desktop PCs launched by HP today aim to fundamentally change the way users interact with their desktop devices. The Elite Slice is aimed squarely at the enterprise market and seems designed to function primarily as a tool for Skype meetings, while the Pavilion Wave appears to target Amazon’s Echo speaker system. “Today’s desktop customers want sleek, innovative and powerful designs that enable new experiences,” Mike […]
/By Matien Khalid/I have been bullish on emerging market debt as an asset class since last autumn. Even though the Chinese yuan devaluation was toxic, this asset class is up 12% in 2016, thanks to almost $5 billion in cash inflows. The tax amnesty in Indonesia, the political changes in Brazil after President Dilma’s impeachment, the election of a center-right pro-business government and $16 billion sovereign debt […]
By Heather Somerville | SAN FRANCISCO SAN FRANCISCO Chinese powerhouse Didi Chuxing’s acquisition of Uber Technologies Inc’s China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game. On the day the Didi deal was announced earlier this month, Uber board member Bill Gurley said Uber’s rivals in other markets had a slim chance […]
By Eveline Danubrata and Glenys Kirana | JAKARTA JAKARTA Asian fans of smartphone game Pokemon Go are hunting out the best telecom providers and network gear to overcome the hurdle posed by patchy network signals in their race to capture virtual cartoon characters. From Indonesia to Hong Kong and Cambodia, the wild popularity of Nintendo’s (7974.T) augmented reality app is also driving lifestyle changes for many gamers, […]
UAE. A new study released today by global strategy and management consulting firm A.T. Kearney concludes that autonomous driving will trigger the 21st century’s first major wave of growth. Key findings from the report, ‘How Automakers Can Survive the Self-Driving Era’, are based on interviews with more than 150 automotive decision-makers around the world. A.T. Kearney consultants sought to identify the products, services and partner strategies with […]
