|By Matein Khalid| This was the ghastliest week for global risk assets since September 2011. Not even 290,000 new US jobs in December could negate the raw fear on Wall Street generated by the 10% fall in Shanghai, a yuan depreciation, market meltdowns of 6 – 7% in Tokyo, Hong Kong, Frankfurt, Mumbai and New York. Four months ago, I had published a KT article titled “History’s […]
|By Arabian Post Staff| Gold seems to be re-discovering its safe haven status in the wake of a turmoil that billionaire investor George Soros describes as the beginning of a global market crisis. Bullion rallied above $1,100 an ounce, rising for a fourth day to a two-month high, after Chinese shares plunged, the yuan slid and the country’s stock exchanges closed early for the second time this […]
Lower power. Longer range. That’s the story behind Wi-Fi HaLow, a new technology the Wi-Fi Alliance has just introduced to help tap into the momentum around low power Wi-Fi solutions that cater specifically to the Internet of Things (IoT). The Wi-Fi HaLow designation, which aims at products leveraging IEEE 802.11ah technology, works at and below the one gigahertz frequency band without sacrificing range. In fact, HaLow promises […]
Ride-sharing app company Lyft today announced that it has raised $1 billion in new funding, including a $500 million investment from General Motors. The additional funds bring to $2 billion the total amount of capital the firm has attracted since it was founded in 2012. Under the new arrangement, Lyft and GM [Image credit: General Motors] will work together to build a network of on-demand, self-driving cars […]
Facebook CEO Mark Zuckerberg asks a question during the II CEO Summit of the Americas on the sidelines of the VII Summit of the Americas in Panama City April 10, 2015. Reuters/Carlos Garcia Rawlins/Files NEW YORK Mark Zuckerberg wants to build an artificially intelligent assistant in 2016 to help run his home and assist him at work, the Facebook Inc founder and chief executive said on Sunday. […]
A Samsung logo is seen at Samsung Electronics’ headquarters in Seoul, South Korea, December 18, 2015. Picture taken on December 18, 2015. Reuters/Kim Hong-Ji SEOUL South Korean tech giant Samsung Electronics Co Ltd said it expects a difficult business environment in 2016 due to weak global economic conditions and heightened competition in key businesses including memory chips and smartphones. In a statement on Monday, Samsung said Chief […]
Russia’s Telecoms Minister Nikolai Nikiforov attends an interview with Reuters at his office in Moscow December 9, 2013. Reuters/Sergei Karpukhin/Files MOSCOW A social network account of Russia’s communications minister was temporarily blocked on Sunday in a cyberattack carried out by hackers presenting themselves as a Turkish activist group and parading images of a warplane and Turkish flags. Russia’s ties with Turkey suffered a severe blow when a […]
The seemingly troubled life of an open source technology leader came to a sudden, premature end in San Francisco this week. Software engineer Ian Murdock, the founder of Debian Linux and later a senior staffer at Docker, died Monday at age 42 — under circumstances that aren’t yet clear. Born in West Germany, Murdock (pictured) moved to the United States and attended Purdue University. In January 2006, […]
It’s almost 2016, which must mean another iPhone is on the way. Not only will we be getting a new iPhone, but one with significant changes over previous models, if we are to believe the rumors. The release date may still be nine months away, but that shouldn’t stop us from parsing through the rumor mill. Reports are leaking out from Cupertino that Apple is considering a […]
LONDON The BBC’s [TBBC.UL] online services, including its news website and iPlayer catch-up TV platform, were taken down on Thursday by a large web attack, the British broadcaster reported. The BBC’s sites, which rank only behind Google and Facebook in visitor numbers in Britain, according to Internet analytics firm comScore, were hit from 0700 GMT, with many users receiving an error message rather than content. The broadcaster […]
MUMBAI/NEW DELHI India has become a battleground over the right to unrestricted Internet access, with local tech start-ups joining the front line against Facebook Inc founder Mark Zuckerberg and his plan to roll out free Internet to the country’s masses. The Indian government has ordered Facebook’s Free Basics plan to be put on hold while it decides what to do. The program, launched in […]
|By Hannah Elliott| Want to see the future? Drive a BMW 7-Series sedan. It’s the car Bimmer uses as a medium for unleashing its newest and best technological offerings on the rest of the world. IDrive made its debut here, as did ABS and the active body control systems that monitor the movement of the car in relation to the road. Now those are de rigueur on all BMW […]
The Cisco Systems logo is seen as part of a display at a technology conference in Chicago, Illinois, May 4, 2015. Reuters/Jim Young NEW YORK Cisco Systems Inc did not infringe a patent holding company’s wifi technology, a U.S. appeals court ruled on Monday, reversing a near $64-million judgment against the networking equipment maker in the long-running patent dispute. After eight years of litigation that also included […]
Construction sites and buildings are pictured amid heavy smog, on the third day after China’s capital Beijing issued its second ever ”red alert” for air pollution, in Beijing, China, in this December 21, 2015 photo. Reuters/Jason Lee BEIJING Air pollution in China could be big business. Two of the world’s largest technology firms, IBM and Microsoft, are vying to tap the nascent, fast-growing market for forecasting air […]
Gulfnews.com Dubai: Saudi Arabia’s economy, hit hard by a sharp decline in oil prices, on Monday an announced 840 billion riyal (Dh822 billion) spending plan for 2016. The budget deficits for 2015 soared to 367 billion riyals this year. The government plans to cut the deficits to 326 billion riyals (13 per cent of GDP) in 2016 through a combination of spending cuts and augmenting of additional […]
Gulfnews.com A convoy of ambulances carrying more than 125 fighters from the besieged rebel-held Syrian town of Zabadani arrive at the Masnaa border crossing between Lebanon and Syria, December 28, 2015. Beirut: A rare UN-backed deal between Syria’s warring sides saw hundreds of fighters and civilians evacuate three towns on Monday, as bomb blasts in the regime-held city of Homs killed at least 14 people. President Bashar […]
Google Fiber, the gigabit-speed Internet service that is slowly rolling out to cities across the country, may soon have some competition from an established service provider. Philadelphia-based Comcast has announced that it is testing a new protocol known as DOCSIS 3.1, which it said has the potential to boost download speeds to the gigabit level. Unlike Google Fiber, which requires laying down an extensive fiber optic cable […]
MUMBAI Online marketplace Snapdeal, backed by Japan’s SoftBank Group Corp and others, will spend more on logistics and technology to better compete with Flipkart and Amazon’s (AMZN.O) Indian unit, its co-founder said on Monday. Shopping online is becoming more popular in India due to the rising use of cheaper smartphones and e-commerce firms are struggling to cope with the growing demand and make faster deliveries in different […]
A North Korean operating system is seen in this screen shot taken in Seoul December 23, 2015. Reuters/James Pearson SINGAPORE/SEOUL North Korea’s homegrown computer operating system mirrors its political one, according to two German researchers who have delved into the code: a go-it-alone approach, a high degree of paranoia and invasive snooping on users. Their research, the deepest yet into the secretive state’s Red Star OS, illustrates the […]
A map of China is seen through a magnifying glass on a computer screen showing binary digits in Singapore in this January 2, 2014 photo illustration. Reuters/Edgar Su/Files BEIJING China’s parliament passed a controversial new anti-terrorism law on Sunday that requires technology firms to hand over sensitive information such as encryption keys to the government and allows the military to venture overseas on counter-terror operations. Chinese officials […]
A new type of computer chip developed by researchers at MIT, the University of California, Berkeley, and the University of Colorado, Boulder, could lead to faster data transmissions and potentially more energy efficient data centers. The technology is based on using light rather than streams of electrons to transmit data. The researchers said the chip (Image: Glenn J. Asakawa) can transmit 50 to 100 times the amount […]
CRM giant Salesforce is working to fortify the quoting and billing functions of its software platform. To do so, the customer relationship management company just snapped up SteelBrick. Financial terms of Salesforce’s acquisition of the six-year-old startup were not disclosed in the announcement. But the technology giant’s regulatory filing reveals the deal is worth $360 million. That’s about half of the rumored price on the street. Salesforce […]
While plenty of cyberattacks are still conducted by the stereotypical “hacker in a basement,” state-sponsored hacking is also on the rise — prompting Yahoo to become the latest tech company to offer warnings of such attacks. In a blog post earlier this week, chief information security officer Bob Lord said Yahoo will offer specific security suggestions to users who appear to be the targets of state-sponsored attacks. […]
Vamien McKalin/Flying cars – it is something we view as more interesting than driverless cars. Who want cars driving us around when we can get in a car capable of flying us from one destination to the next? Terrafugia is working to make this a possibility in the coming years. Recently, the Federal Aviation Administration (FAA) approved Terrafugia’s plan to test its flying cars in U.S. airspace. […]
