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Sony posted its consolidated financial results for the fiscal year 2016 and the PlayStation 4 had a great performance, albeit the company expects a slight decline. In the fiscal year 2016 ended on March 31, 2017, Sony shipped a record-breaking 20 million PS4 consoles, marking the system’s best performance ever. 60 Million PS4 Units Shipped In Total That contributes to a total of 60 million PS4 units shipped worldwide, […]

Our round-up of the best comment and analysis from the Financial Times during the week focuses on US corporate earnings, eurozone interest rates and the future of US economic reforms. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. The FT’s John Authers says US corporate earnings have reached a turning point — the earnings recession that […]

Despite the proclaimed stand of Republican lawmakers to repeal and replace the Obamacare, or 2010 Affordable Care Act, the numbers are eluding the GOP (grand old party) lawmakers as factions within the party are divided on the matter. The GOP will require 216 votes to push their version of the healthcare bill. Factions, however, do not see eye to eye on many of the contentious issues incorporated […]

Your daily guide to community and cultural activities across the Emirates for April 28, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Ajman Theatre See the final […]

New day, new leak. A US online pet store has exposed the details of more than 110,400 credit cards used to make purchases through its website, researchers have found. In a stunning show of poor security, the Austin, TX-based company FuturePets.com exposed its entire customer database, including names, postal and email addresses, phone numbers, credit card information, and plain-text passwords. Several customers that we reached out to […]

Researchers have found that a material which incorporates atomically thin layers of water is able to store and deliver energy much more quickly than the same material that doesn’t include the water layers. The finding raises some interesting questions about the behavior of liquids when confined at this scale and holds promise for shaping future energy-storage technologies. (via WSJ)

Dubai-based business tycoon Mohamed Alabbar is weighing buying in to venture capital firms in the Middle East to help kick start his $1 billion technology fund, according to people familiar with the matter. Representatives for Alabbar held talks with several regional companies, including Middle East Venture Partners and BECO Capital, about either buying them entirely, joining as a co-investor or making a significant investment in the firms, […]

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Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. When Barack Obama was vacationing recently with Bruce Springsteen, Tom Hanks and Oprah Winfrey aboard a $300 million yacht in Tahiti, one wonders if he ever hummed Springsteen’s “All Or Nothin’ At All.” At the moment, it seems like he […]

Bioluminescent mushrooms, an unusual and beautiful sight of nature, have intrigued researchers for years. Scientists have also attempted to unravel the mystery behind why some mushrooms glow in the dark. A team of researchers from Japan, Russia, and Brazil have finally decoded the mystery of the glow-in-the-dark mushrooms. In a new research paper, scientists detailed the reason why two mushroom types exhibit bioluminescence. The researchers focused on […]

On the last day of the busiest earnings week in a decade, here is a striking statistic from Goldman Sachs, showing just how dominant a handful of large cap companies have become in terms of both overall profitability and market impact: Year to date the top 10 contributors have combined to account for 37% of the S&P 500 index return (more than double their market cap representation […]

Emerging market equities have been the darling asset class de jour in 2017, mainly in Asia and Latin America, despite the March FOMC rate hike, a US Dollar Index at or above 100 and a mini-swoon in crude oil after a Saudi-Russian output cut spat. Earnings growth (India/Thailand) a stabilized currency (China), policy reforms (India, Brazil, Indonesia) local interest rate cuts (Brazil) and lower US protectionist policies […]

File Photo The head of Uber’s self-driving car project is stepping away from the leadership role as a lawsuit embroiling Uber and his former employer Waymo relating to the theft of trade secrets continues. Anthony Levandowski is a talented engineer who is believed to have been a key player in former Google unit Waymo’s success in developing the technology. While working in Google’s Street View maps unit […]

FRANKFURT Deutsche Bank is expected to name James von Moltke as new finance chief, replacing Marcus Schenck who is taking on a role as co-head of the investment bank, a source close to the matter said on Friday. Deutsche Bank declined to comment. Von Moltke will join Germany’s flagship lender from Citi, where he worked as treasurer from 2015 after earlier looking after the bank’s financial planning […]

Seemingly out of the blue, Nintendo just announced a brand-new console. It’s called the 2DS XL, the sequel to the 2DS, but now in a more traditional clamshell design. Nintendo 2DS XL Announced The 2DS XL features the same screen size as the New 3DS XL, has the same level of internals, and features a C-stick, too. There’s also an NFC reader baked in, for all Amiibo […]

An early player in drone-tech, 3D Robotics Inc., announced that it has raised $53 million in a Series D round of funding on Thursday, including new equity funding and conversion of debt equity. Atlantic Bridge led the round joined by Autodesk Forge Fund, True Ventures, Foundry Group, Mayfield and other undisclosed investors, according to the company statement. The company didn’t break out how much new capital it saw […]

Almost every time a hot Silicon Valley startup finally grits its teeth and releases diversity data, the story’s the same. Facebook? Mostly male. Uber? Male-dominated. Google? Same story. It’s a problem that’s gotten plenty of play in the tech press. In 2014, Wired ran an 1,800-word dissection of Silicon Valley male-ness titled “This is what tech’s ugly gender problem really looks like.” The story, which profiled women […]

By Karen Lema and Neil Jerome Morales | MANILA MANILA Malaysian Prime Minister Najib Razak on Friday warned that Southeast Asian countries needed to ensure their economic growth was inclusive, or risk marginalized populations turning to violent extremism or even overturning political systems. Speaking at an event for entrepreneurs during the Association of South East Asian Nations (ASEAN) summit in Manila, Najib said the region was posting […]

April 28, 2017 by: Hudson Lockett in Hong Kong Friday 05.00 BST Overview Equities fell on Friday in Asia as the region’s markets took their cues from an underwhelming session on Wall Street, while currencies pared earlier rises amid mixed signals on the future of Nafta. Hot topic Asia-Pacific equities were choppy after Wall Street investors on Thursday digested the prospects of the Trump administration’s proposed tax […]

The National Broadband Network (NBN) company should increase the extent of its fibre network, providing as many customers as possible with fibre to the premises (FttP) and fibre to the distribution point/curb (FttDP/C), the South Australian government has said, adding that the satellite service should be a “last resort”. Speaking in a submission to the Joint Standing Committee on the National Broadband Network, the South Australian government […]

By Jennifer Ablan and Stephen Nellis | NEW YORK/SAN FRANCISCO NEW YORK/SAN FRANCISCO Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. U.S. President Donald Trump said on Thursday in an interview […]

Atlus has issued an apology for the draconian video policy that it implemented for Persona 5, and has now rolled back on the streaming limitations for the RPG. The apology came as streamers criticized and defied the policy, which limited uploaded video content of Persona 5 to only reach until July 7 in the RPG’s in-game calendar. Atlus’s Restrictive Streaming Policy For ‘Persona 5’ In a post published by […]

The march of technology into our homes is continuing unabated, but judging from the propositions presented at last week’s Milan Furniture Fair, the onus now is on invisible tech – solutions that blend seamlessly into our interiors, and are as aesthetically pleasing as they are useful. Technology for technology’s sake, be gone. Samsung’s new breed of televisions is a case in point. The electronics giant has unveiled […]

Drone maker DJI has issued a software update intended to frustrate Isis terrorists who have been using low-cost “quadcopters” to drop improvised bombs in Syria and Iraq. The move to create new “no fly zones” for its products across Iraq and Syria is DJI’s first admission, albeit a tacit one, that its products have been commandeered by terrorists. It is also the latest sign of tension between […]

Artificial Intelligence (AI) is a concept that has a long standing tradition in the realm of science-fiction, popularized by Hollywood movies and iconic writers such as Isaac Asimov. However, AI has also received increased attention in recent years following news of progress in the field and the prospect of new, tangible, innovation such as self-driving cars. The Internet has played an important role in these developments, particularly […]

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