TORONTO The chief executive of infidelity website Ashley Madison’s parent company Avid Life Media has left, just over a week after hackers leaked data about millions of its clients in a massive cyber assault. Avid Life said on Friday the departure of Noel Biderman was by “mutual agreement” and its existing senior management team would take over until a new CEO is appointed. On Aug. 18, hackers […]
The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014. Reuters/Sergio Perez SAN FRANCISCO Uber Technologies Inc [UBER.UL] has hired two top vehicle security researchers, the company said on Friday, high-profile additions that come as the ride-hailing service ramps up its work on technology for […]
|By Matein Khalid| A month ago, I published a column predicting history’s first Made in China global recession. Wall Street finally agreed with me last week after we witnessed the most brutal crash in global equities since October 2008. I have predicated a 20% fall in US equities several times in the last three months and the 1000 point drop in the Dow last week only reinforces […]
A logo is pictured at Google’s European Engineering Center in Zurich April 16, 2015. Reuters/Arnd Wiegmann/Files BRUSSELS Google Inc has rejected EU antitrust charges that it abused its market power, exposing the company to the risk of a hefty fine if it does not alter its business practices. The company’s comments came after the European Commission in April accused it of distorting internet search results to favour […]
Customers stand beneath an Apple logo at the Apple store in Grand Central station in New York City, July 21, 2015. Reuters/Mike Segar/Files SAN FRANCISCO Apple Inc on Thursday invited journalists to a Sept. 9 event, where it is expected to unveil new iPhones and potentially a new version of its Apple TV set-top box. The email invitation includes a colorful Apple logo with the sentence “Hey […]
INTERNATIONAL. Market price action dictates direction – traditional support levels were broken violently. Yesterday’s market was the most energised sell-off since 2008/2009. – The US dollar lead this crisis and will lead back up when the low is in – We have reached most of Steen Jakobsen’s technical targets and below is his primitive “expected” path from here (2015 low getting established) – We will see recession […]
ABU DHABI // A company’s success lies in its diversity, the chief of Xerox told an audience at the Crown Pince’s Court ahead of Emirati Women’s Day. It is crucial for society to remove obstacles in the workforce that impede women, said Ursula Burns, chairman and CEO of Xerox. “Diversity is a driver of innovation. Gender, race and background give an eye to the world. Organisations succeed […]
ABU DHABI // A safety system that makes sure all pupils are accounted for has been installed on hundreds of school buses. Emirates Transport and Abu Dhabi Education Council said 1,300 vehicles had been fitted with the system, which counts the number of children getting on and off. It requires the driver to check each seat and triggers an alarm if anyone remains onboard. The new technology […]
Angry Birds products are displayed during a news conference in Hong Kong July 3, 2012. Reuters/Bobby Yip/Files HELSINKI Finland’s Rovio, maker of mobile phone game Angry Birds, forecast its earnings would fall for a third consecutive year and said it planned to slash up to 39 percent of its workforce to try to improve its prospects. Rovio has failed to create new hit games since the 2009 […]
UAE. The MENA Region is all set to become a global logistics hub in the next few years, an Al Masah Capital Limited Report on “Transportation & Logistics in MENA” has revealed, which experts believe will be driven by the emergence of the MENA-Asia trade corridor that will redefine global supply chains. Notably in 2013, India and China ranked as top merchandise export and import destinations for MENA […]
UAE. Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the first three months of the year, according to the to the Global Economic Conditions Survey (GECS) organised by ACCA (the Association of Chartered Certified Accountants and IMA (the Institute of Management Accountants). The slight optimism was due to a temporary reprieve in […]
ABU DHABI // Women who have overcome prejudice to pursue successful careers in the aviation industry have spoken of the challenges they faced. The Etihad Airways event, organised ahead of Emirati Women’s Day on Friday, heard from a panel of women who work for the company. The airline employs 1,269 female Emiratis, who make up 49 per cent of Emiratis in the company and 37 per cent […]
News Analysis By DAVID E. SANGER August 21, 2015 To the most strident opponents of President Obama’s nuclear deal with Iran, the suspicious behavior at a military base about 12 miles southeast of Tehran has become a rallying call to defeat the accord, especially as it now appears that Iranian officials may be allowed to take their own environmental samples at the site and turn them over to inspectors. It […]
Customers stand beneath an Apple logo at the Apple store in Grand Central station in New York City, July 21, 2015. Reuters/Mike Segar DETROIT/SAN FRANCISCO Consumer electronics company Apple Inc (AAPL.O) has hired a senior engineer from electric car maker Tesla Motors Inc (TSLA.O), according to a LinkedIn posting, as part of Apple’s effort to build a team of experts in automated driving. A LinkedIn profile for […]
FRANKFURT Smartphone apps that help people learn languages for free or nearly free, a few sentences at a time, are piling pressure on established education firms and setting the pace for how to make lessons more engaging. Phone and tablet-based mobile products from newcomers like Germany’s Babbel, Britain’s Memrise and U.S.-based Duolingo have overtaken names like Berlitz and computer self-learning pioneer Rosetta Stone (RST.N) in terms of […]
TORONTO Emails sent by the founder of infidelity website AshleyMadison.com appear to have been exposed in a second, larger release of data stolen from its parent company, cyber security experts confirmed on Thursday. The data dump by hackers who have attacked the site appears to include email messages linked to Noel Biderman, founder and chief executive officer of its Toronto-based parent company Avid Life Media. In a […]
DUBAI // Drivers are sharing cars, using public transport and even moving house in response to this month’s increase in petrol prices, a survey suggests. Nearly one in five would consider car pooling or using school buses, and nearly a quarter would use public transport more often. One in five intend to reduce their commute by moving to a home closer to work or to public transport […]
Ooredoo, a Qatar-based leading telecom group, has announced that its Maldives operation won an Internet Service Provider licence from the Communication Authority of the Maldives (CAM) earlier this month. The company received the licence after a competitive bidding process, which saw Ooredoo come out ahead of national and international competition, the company said. Ooredoo has established a strong presence in the Maldives in the mobile broadband sector […]
The UAE, which leads the Arab world for network readiness, must take full advantage of the potential offered by ICT solutions to drive social and economic transformation, according to experts. Considerable challenge is facing the UAE as it seeks to develop the infrastructure, institutions, and skills needed to reap the full benefits of ICTs, added senior executives from Cisco, a global leader in IT. Out of 143 […]
The UAE’s gross domestic electricity consumption has more than doubled over the past 10 years, and is expected to grow even more rapidly over the next five years as the country undergoes substantial population and economic growth, according to a recent study. The study by management consultancy Strategy&, formerly Booz & Company, revealed that energy usage in the UAE has grown at an annual average of four […]
The official launch date for the Gear S2 is still two weeks away, but Samsung is providing a sneak preview of its answer to the Apple Watch via a new video posted on its YouTube channel. Backed by a pulsing, techno-pop beat, the video shows a silver-tone digital timepiece with a round face, and teases at a number of features ranging from voice calls and messaging to […]
On opening day of the 2015 Intel Developer Forum in San Francisco yesterday, company CEO Brian Krzanich (pictured) gave attendees a look at a prototype smartphone integrated with an Intel RealSense 3D camera. The camera would be contained in a Google Project Tango smartphone. Holding up the prototype phone, about the size of an average Android smartphone, Krzanich said the device would “breaks the limits of what […]
