Wednesday 14:30 GMT Overview Global equities were on track to close at all-time highs as Wall Street hovers near record levels in the wake of comments from Federal Reserve chair Janet Yellen. And Ms Yellen’s more hawkish than forecast rhetoric has been backed up on Wednesday by stronger than expected US retail sales and inflation data that are pushing up the dollar and bond yields, while leaving […]
After a day of chaotic communication, a stock sell-off and a $6.3bn writedown that may destroy one of Japan’s greatest industrial names, the Toshiba president’s bow of apology finally came. Satoshi Tsunakawa’s head nodded for just one perfunctory second on Tuesday. Most assume there will be much deeper, longer bows to come as Toshiba leads investors, customers, employees and Japan as a whole through the country’s first […]
TOKYO Shares in Toshiba Corp (6502.T) tumbled on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell more of its prized flash-memory chip business than planned to urgently raise funds. Scrambling for capital, Toshiba said it would consider selling most, even all, of its stake in the chips business – a decision that has investors questioning […]
When Federal Reserve chair Janet Yellen testifies before a Senate committee on the state of the economy on Tuesday, there will be plenty tuning in who believe the epitaph for the three-decade rally in the bond market has been rightly written. US president Donald Trump’s plan to ramp up government spending and axe corporate taxes threatens to accelerate inflation, push up interest rates and widen the deficit […]
Tuesday 04:40 GMT. Overview Equities in Asia were struggling ahead of comments by Federal Reserve chair Janet Yellen and as oil prices climbed back from a drop spurred by a report indicating output from the US was set to pick up. Hot topic Stock markets in the region deteriorated in afternoon trading, with Australia’s S&P/ASX 200 flat after giving up an early gain of 0.4 per cent, […]
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. Major Garrett of CBS News is rising to the defense of the extravaganza that is the White House Correspondents’ Association Dinner — and he is nearly convincing. Garrett is a very good, no B.S. reporter who adeptly made the print-to-TV […]
Researchers from North Carolina State University, Boston University and George Mason University have developed a Bitcoin-compatible system that could make it significantly more difficult for observers to identify or track the parties involved in any given Bitcoin transaction. Bitcoin was initially conceived as a way for people to exchange money anonymously. But then it was discovered that anyone could track all Bitcoin transactions and often identify the […]
ANZ has announced the appointment Lynwen Connick as its new chief information security officer, who will leave her role as the first assistant secretary information sharing and intelligence at the Department of the Prime Minister and Cabinet in March to take up her new position. Connick, who replaces former CISO Steve Glynn, was previously responsible for advising Prime Minister Malcolm Turnbull on cyber policy, intelligence, and secure […]
A period of consumer spending, retail sales and housing weakness may be imminent, after federal tax refunds tumbled by 78% in the early part of February compared to 2016, the result of a new law which requires the IRS to delay the printing of checks to households claiming specific tax credits. The reason for the slowdown is that in late 2015 Congress passed a law forcing the […]
Angels: OPEN Maybe they’re kidding themselves, but the Angels haven’t acted like a team in retreat. With Albert Pujols still slugging and Mike Trout still sublime, they have quietly improved the lineup with Danny Espinosa, Cameron Maybin and Luis Valbuena, players whose defense should prop up a shaky pitching staff. It’s a long shot, but with Trout in his prime and few top prospects coming, the Angels […]
Ingest, data prep, analysis, visualization and export. They’re all part of the Big Data analytics life-cycle. The good news? The market sports multiple product categories that handle each of these. The bad news: there are far fewer products that handle many of these areas together. It’s getting more complex too, as other big data lifecycle categories, like data lake management/data cataloging and Big Data operations/DevOps are emerging. […]
Videos of new robot advancements typically throw the Internet into full buzz mode, complete with headlines about Terminators and “robot overlords.” While some of these bleeding-edge bots are terrifying, it’s not for the reasons all the click-bait headlines would have you believe. If you’re even a casual follower of the Internet’s viral videosphere, you’ve undoubtedly stumbled across the latest clip from Boston Dynamics, the Alphabet-owned […]
The Bank of England kept its key interest rate at 0.25%, gilt purchase program at GBP435BN, and corporate-bond plan at GBP10b, voting 9-0 on all 3 decisions. The BOE also raises growth forecasts, while keeping its inflation forecasts broadly unchanged, and said the current policy stance “depended on the trade-off between above-target inflation and slack in the economy.” The central banks also reiterated that “monetary policy could […]
Apple Chief Executive Tim Cook says India’s move to replace its largest-denomination bank notes with newly designed ones has presented a challenge in India, but the tech giant is still bullish on sales growth in the South Asian nation. Speaking on a call with analysts Tuesday after Apple announced last quarter results, Mr. Cook said “despite the demonetization move in India that created lots of economic pressure there last […]
Written by Anees Jillani | Published:February 1, 2017 12:31 am Pakistani Prime Minister Nawaz Sharif (File Photo) Since January 4, a five-member Bench headed by the second seniormost judge of the Supreme Court of Pakistan has been hearing for three hours every day petitions alleging corruption by Prime Minister Nawaz Sharif, filed by the chairman of the Pakistan Tehreek-e-Insaaf (PTI) Imran Khan, and the head of the […]
Rami al Ali offered a deceptively simple column gown, in the palest lilac, with a train that pooled onto the floor. It looked like an updated kimono, with billowing sleeves that were caught at the wrist and cherry blossom embroidery delicately scattered across the shoulders and hips. The collar — high enough to cover the chin, was held stiff and starched away from the face, making the […]
Dell is expanding its education options and now it’s offering more choices: its latest education laptops can now run either Windows 10 or Chrome OS. This week brought a number of affordable laptops and hybrids specifically designed for classroom use and a number of offers from both Google and Microsoft hold great potential. Dell is not playing favorites and its new education laptops are ready to go both […]
“To me, this is overwhelming,” Lucic-Baroni said. “I will never forget this day and these couple of weeks.” “This has truly made my life…it has made it okay.” #LucicBaroni #AusOpen pic.twitter.com/SeE9ePoqOo — #AusOpen (@AustralianOpen) Jan. 25, 2017 Ranked just 79th, she is one of two unseeded players to reach the Australian Open women’s semifinals this year, joining CoCo Vandeweghe, a 25-year-old who will face Williams on Thursday. […]
Having abandoned its venture to lend out roughly $1 billion to legacy Taxi “Medallion” drivers and businesses some two years ago, and shifting its backing over to Uber resulting in many unhappy drivers as well as a handful of lawsuits, Capital One has nonetheless provided a useful spotlight into the troubled state of the traditional “yellow cab” industry by breaking out the details of its runoff commercial […]
Three of the world’s largest textbook publishers have subpoenaed Amazon to reveal the names and financial accounts of online vendors who allegedly sell counterfeit books at “too good to be true” prices. Pearson Education, Cengage Learning and McGraw Hill Education are suing 100 unnamed Amazon marketplace sellers for copyright infringement. In a complaint filed in New York federal court earlier this month, the publishers accused the sellers […]
A billionaire Chinese hedge fund manager has been jailed for five-and-a-half years for market manipulation in one of the country’s highest-profile financial crimes prosecutions since a market rout in 2015. Xu Xiang, an investment guru who used to be compared with Carl Icahn, led a loose-knit group of hedge fund managers from the port city of Ningbo known as the “Limit-up Kamikaze Squad” because of their penchant for […]
Your daily guide to community and cultural activities across the Emirates for January 22, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Fitness class Register now to take part in a tai chi workshop at Bodytree. Led by Grace Hwang, this beginner-to-intermediate level class teaches the slow-moving meditative exercise for relaxation, health and self-defence. […]
Donald Trump’s November victory ignited the steepest rally from election day to inauguration for a first-term president since John F. Kennedy won the White House in 1960. The charts below tell the tale of the vigorous, and in many ways unexpected, reaction to the rise of the billionaire property developer to the pinnacle of American politics. The S&P 500 index, a broad measure of the performance of […]
It’s official: at exactly noon on January 20, Donald Trump was sworn in as the 45th president of the US. Supreme Court Chief Justice United States John Roberts administered the oath of office to Trump, as he vowed to “faithfully execute the Office of the President of the United States.” As he took the oath, Trump placed his hand on the Bible used by President Lincoln at […]
