Apple Inc (AAPL.O) on Tuesday posted its first-ever decline in iPhone sales and its first revenue drop in 13 years as the company credited with inventing the smartphone struggles with an increasingly saturated market. The company’s sales dropped by more than a quarter in China, its most important market after the United States, and it also forecast another disappointing quarter for global revenues. Its shares fell about […]
Technology stocks are cooling, and that could be bad news for the world’s most valuable company. Apple Inc. warned investors this week that its quarterly earnings report will contain bad news about iPhone sales. How bad? That remains to be seen. According to its January forecast, Apple’s revenue is set to drop for the first time in more than a decade as iPhone sales slow. Even though […]
Judging by the responses from users on Twitter, Dropbox’ new technology for accessing cloud-based files from the desktop will be a welcome and much-needed improvement. Unveiled today, the “Project Infinite” preview will let Dropbox users view all their cloud-stored files and folders from their devices without having to first launch a browser. “Dropbox Infinite is exactly what I’ve been looking for for several years now,” Web developer […]
ABU DHABI // Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Monday visited Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, at his Al Bahr Palace majlis in Abu Dhabi. Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and Chairman of the Dubai Executive Council, accompanied Sheikh Mohammed bin Rashid. Sheikh Mohammed bin Rashid and […]
Today at Auto China 2016, Nissan unveiled the all-new Tiida, announced a Maxima launch, and further strengthened their presence in China through their Intelligent Mobility platform. Tiida is an example of Nissan’s Intelligent Mobility initiative, whereby the automaker envisions a world free from emissions and vehicular fatalities. “With Intelligent Mobility, we are making this vision a reality,” said Daniele Schillaci, Executive Vice President, Global Marketing & Sales, Nissan […]
Verizon Deploys OpenStack NFV in 5 U.S. Data Centers Working with Big Switch Networks, Dell and Red Hat, Verizon said it has just wrapped up “the industry’s largest-known” network functions virtualization (NFV) OpenStack cloud deployment across five of its data centers in the U.S. NFV enables network services typically provided by separate devices like routers, firewalls and load balancers to be delivered through a virtual machine environment. […]
DUBAI // “Passing the buck” on fire safety will be halted by the updated Fire and Life Safety Code to be released next month. A new section on responsibility puts the onus on consultants and developers as well as residents – owners and tenants – to keep a building safe from fire. In another key provision, the main consultant, manufacturer or supplier of fire safety material, plus […]
U.S. Health & Human Services Goes Salesforce for $100M CRM Upgrade The Department of Health & Human Services (HHS) recently announced an agency-wide $100 million Blanket Purchase Agreement (BPA) for Salesforce subscriptions. The agreement will allow HHS operating staff and personnel in other divisions to purchase Salesforce products and services through a central purchasing vehicle. The agency said the agreement will help streamline CRM (customer relationship management) […]
A generic picture of a Xerox logo on a photocopier. TECOM Reuters/Catherine Benson/Files Xerox Corp reported a 4.2 percent fall in quarterly revenue, hurt by a strong dollar and lower sales of printers and copiers, sending its shares down 12 percent in morning trade. The company is focusing on its services business, which offers business process outsourcing and document outsourcing, as sales of printers and copiers, its […]
DUBAI // Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, wants driverless transport to account for 25 per cent of journeys in the emirate by 2030. The announcement was made on the opening day of the second Mena Transport Congress and Exhibition, an event organised by the Roads and Transport Authority – as a 10-seater driverless vehicle went on a trial run in the emirate. […]
Saudi Arabia’s plan for the post-hydrocarbon era will have to overcome habits developed over decades of relying on crude sales to fuel economic growth, create job and build infrastructure. Almost eight decades after oil was first found in the country, officials are set to unveil Deputy Crown Prince Mohammed bin Salman’s “Vision for the Kingdom of Saudi Arabia” on Monday, a blueprint seeking to reduce the reliance […]
BANGKOK After more than two years of riding high on growing demand for cloud data storage, Thailand’s hard disk drive exporters are bracing for a fall from grace. Data due later on Monday will likely show Thai exports of hard disk drives (HDDs) in March extended a run of double-digit growth after jumping 45 percent in the first two months of 2016 to $1.1 billion. The rise […]
|By Arabian Post Staff| Road sensors, cameras and traffic light systems face the risk of hacking and the data collected by these devices could be compromised with unforeseen results, endangering the security of both road users as well as city administrations. Leading cyber security company Kaspersky Lab experts have, after extensive field research, proved that the data gathered and processed by these sensors can be dramatically compromised […]
DUBAI // He may be a desert explorer and 11-time world record holder, but there was one thing about Max Calderan that all the pupils at a primary school wanted to know – was he ever bitten by a snake? The answer was yes, but three days later it was the snake that died. The Italian adventurer recently became the first person to cross the 340-kilometres Tropic […]
UAE. The latest Global Economic Conditions Survey from ACCA and IMA, released today, found that more half of firms are either cutting or freezing employment, while only 14% are increasing investment in staff. Responding to the findings, Faye Chua, ACCA head of business focus said: “Take North America out of the equation and the economic picture painted by this survey isn’t a pretty one. Emerging markets are […]
INTERNATIONAL. There are now approximately 1,300 corporate venture funds worldwide and in 2015 US$28b of corporate venture capital (CVC) flowed into over 1,300 deals across a range of sectors[1]. The growth in the CVC market is explored in a new EY report, The Innovation Paradox, which, through data analysis and in-depth interviews with a range of corporate fund managers, looks at the variety of strategies, approaches and […]
In 1900, John and Horace Dodge founded the Dodge Brothers Company in Detroit, Michigan. They jumped into the mix of a budding automotive industry, attracting the attention of Olds Motor Vehicle Company and Ford. The Dodge bothers later became an exclusive supplier to Ford but that relationship was never meant to be. “I am tired of being carried around in Henry Ford’s vest pocket,” declared John Dodge […]
|By Dr Xiaoxi He, Technology Analyst, IDTechEx| Many interests have been raised within the battery business in 2015 through a number of activities: the launch of Tesla’s Powerwall with low prices supported by the capability of Gigafactory, Apple’s patent relating to charging and managing power in a device with solid-state batteries, LG Chem’s opening of a mega battery plant in Nanjing, Bosch’s purchase of polymer solid-state battery companySeeo, etc. Not to mention the tremendous number of investment, acquisitions, partnerships and joint ventures. At the same time, new battery technologies are appearing […]
The current-generation Audi A3 debuted in 2014. However, in just short two years, the competition in entry-level luxury sports sedans has intensified. Now Audi is playing “keeping up with the Joneses” with the mid-cycle refresh of the 2017 A3. As of this writing, we only have information on the European-Spec Audi A3. U.S. model information will be confirmed by Audi USA later this year. What’s New With […]
Details are pictured on the backside of an Apple Iphone 6 on a table in a restaurant in Hanau, Germany, April 10, 2016. Reuters/Kai Pfaffenbach NEW YORK The U.S. Justice Department on Friday dropped its effort to force Apple Inc (AAPL.O) to help unlock an iPhone in a drug case in New York after someone provided authorities the passcode to access the device. In a letter filed […]
As we commemorate the 47th annual Earth Day, the U.S. Environmental Protection Agency (EPA) has a message for individuals or businesses thinking about throwing old electronic equipment and gadgets in the trash: Don’t. The agency, along with many other public and private organizations, is encouraging people to find ways to re-use or recycle the electronic machines and devices that seem to be produced by the millions each […]
As we commemorate the 47th annual Earth Day, the U.S. Environmental Protection Agency (EPA) has a message for individuals or businesses thinking about throwing old electronic equipment and gadgets in the trash: Don’t. The agency, along with many other public and private organizations, is encouraging people to find ways to re-use or recycle the electronic machines and devices that seem to be produced by the millions each […]
Saudi Arabia’s Public Investment Fund is seeking to recruit senior bankers to help the kingdom run what may become the world’s largest sovereign wealth fund, according to people with knowledge of the matter. The fund, which holds about $100 billion worth of stakes in local companies, is working with U.S.-based executive search firm Korn Ferry International to hire for positions including the head of private equity, head […]
|By Matein Khalid| While the S&P500 fell only 1.2% last week, things will get uglier in April and May. Fed chair Yellen is playing with fire in talking down US interest rates and inflation risk. The Volatility Index (VIX), Wall Street’s barometer of greed and fear, does not capture the rising global financial and political risks at only 15. Market breadth, sector divergence, smart money flows, sentiment, leadership, […]
