David Cameron began 2016 in 10 Downing Street and ended it at DePauw University in a small Indiana town, speaking for a reported £120,000 an hour. The former British prime minister is now paid almost as much for a 60-minute speech as he used to earn in a year, as he tries to make sense of his own historic failure: Brexit. Whatever he says now, Mr Cameron’s […]
While an overseas buying spree by Chinese companies has grabbed headlines, more mundane activity such as trade finance and corporate cash management are a much bigger strain on China’s foreign exchange reserves, analysis of official data shows. The dominance of bank lending and portfolio investment as a source of Chinese capital outflows casts doubt on whether Beijing’s recent clampdown on big-ticket foreign deals by the likes of Dalian […]
Kickstarter campaigns sometimes never deliver, Pebble Time 2 and Pebble Core, but we also see successfully funded products that end up providing what was promoted. The Ticwatch 2 campaign began in late July and reached its funding goal of $50,000 in just 10 minutes. While I surprisingly did not back this new smartwatch, I was recently sent an evaluation Ticwatch 2 Active to test out. I’ve used […]
Wall Street is bathing in nostalgia. This week the cover of Barron’s, the bible of US retail investors, proclaimed “Dow 20,000”. Presenters on CNBC are wearing Dow 10,000 caps first donned in 1999. And each day the thinning crowds on the floor of the New York Stock Exchange have watched the boards to see if the Dow Jones Industrial Average, having passed 19,900, can top the 20,000 […]
Designer-to-the-stars Furne One, from the label Amato, rarely talks about his many achievements. Despite having found worldwide success dressing celebrities including Jennifer Lopez, Beyoncé and Katy Perry, the Dubai-based Filipino couturier’s reputation for being self-effacing precedes him. Seeking to shine a light on his talent is Los Angeles film producer, and founder of the Fashion News Lifestyle (FNL) network , Rocco Leo Gaglioti. His film, Inside Amato, […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on expectations of a Trump-presidency stimulus and the danger of complacency. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Wall Street might be too complacent about Donald Trump’s corporate tax stimulus and are not pricing in an upsurge in volatility, argues the […]
1 of 15 Fancy something fancy? We pay a visit to 14 of the city’s snazziest afternoon teas to scope out scones, sandwiches and smooth brews. 2 of 15 Al Fayrooz Lounge Rating: 4/5Most impressive item: Mango soufflé with blackcurrant sorbet.There’s a very traditional feel to this afternoon tea, with old-fashioned ceiling fans and a plush Arabesque lounge setting, but the tea itself has a modern twist; […]
Facebook on Thursday unveiled a multi-part plan to fight fake news that includes teaming up with fact-checkers in the United States to cut down on the reach of bogus stories. The plan (which Poynter’s International Fact-checking Network is involved with) represents the first time Facebook has given fact-checkers the ability to verify news on its platform, and comes after months of public debate about the social media […]
Monte dei Paschi di Siena has gained stock market approval to extend a voluntary debt-for-equity swap to retail investors, a key part of the Italian bank’s attempt to raise €5bn in fresh capital before Christmas and stave off a state rescue. The last-gasp attempt by the world’s oldest surviving lender comes as regulators and the bank have revealed that long running crisis at MPS is taking a […]
Settling into an interview with Marwan Bin Jassim Al Sarkal, the man in charge of luring foreign investors to Sharjah, it becomes evident that both tensions and ties bond the emirate with neighbouring Dubai. On the one hand Sharjah is cast into the shadows, often overlooked by businesses and visitors. On the other hand, the bigger brother’s international standing is helping the emirate of 1.5 million people […]
It was a clear and chilly afternoon in Moscow – March 18, 2014 – when Russian President Vladimir Putin signed the documents to formally annex the Crimean Peninsula away from Ukraine. Frustrated Western governments soon began rolling out the only response they could agree on to Mr. Putin’s brazen redrawing of Europe’s borders: economic sanctions. Over the next two days, the United States would designate 27 individuals […]
Philippines President Rodrigo Duterte(Photo: Tang Chhin Sothy, AFP/Getty Images) President Rodrigo Duterte threatened Saturday to terminate a pact that allows U.S. troops to visit the Philippines, saying “bye-bye America” as he reacted with rage to what he thought was a U.S. decision to scrap a major aid package over human rights concerns. A U.S. government aid agency, the Millennium Challenge Corporation, said earlier in the week that […]
By all accounts, the June charity gala at Skylight, a Beaux-Arts building in midtown New York, was a very glitzy affair. Whoopi Goldberg served as master of ceremonies, while Naomi Campbell and Leonardo DiCaprio were among the A-list guests. The hosts for the evening were Martin Chavez, named this week as the next chief financial officer of Goldman Sachs, and his husband, Adam Norbury. In many respects […]
Designer-to-the-stars Furne One, from the label Amato, rarely talks about his many achievements. Despite having found worldwide success dressing celebrities including Jennifer Lopez, Beyoncé and Katy Perry, the Dubai-based Filipino couturier’s reputation for being self-effacing precedes him. Seeking to shine a light on his talent is Los Angeles film producer, and founder of the Fashion News Live (FNL) network, Rocco Leo Gaglioti. His film, Inside Amato, had […]
Wherever she travels, Christine Lagarde receives head of state treatment. But back home in Paris this week, in the chamber where Marie-Antoinette was sentenced to death by guillotine during the French Revolution, the chief of the International Monetary Fund faced unimpressed judges and uncompromising former colleagues. For five days in the small, wood-panelled room, she gave evidence and listened to damning testimonies that pointed to her alleged […]
The New York Times will vacate eight floors of its midtown headquarters in a bid to make some money and improve its efficiency. “The current way we have configured our office makes us slower and less collaborative,” New York Times CEO Mark Thompson and Publisher Arthur Sulzberger Jr. said in a memo to staff Friday. “It is also, frankly, too expensive to occupy this many floors when […]
ABU DHABI // Before becoming Europe’s No 1 ethical hacker, Jamie Woodruff took advantage of his autism to become a computer boffin and started hacking when he was nine. In discussing with young people how challenges can be turned to opportunities, Mr Woodruff, 23, showed how he overcame autism, dyslexia and dyspraxia. “I did not have access to education sectors that you would see. When I went to […]
When it emerged from stealth in 2011, MapR was an outlier in the Hadoop community. At the time, Hadoop was defined largely by two projects adapted from Google research: MapReduce, which introduced highly linear, massively parallel processing to big data, and the HDFS file system, which could accommodate data by the petabyte. And at the time, Hadoop was defined as an Apache open source platform. MapR’s message, […]
Wells Fargo has said the number of customers opening accounts has dropped sharply for a third consecutive month — underlining the scale of the fallout from the recent scandal over its sales tactics. Customers opened 41 per cent fewer Wells Fargo current accounts in November than they did a year ago and made 45 per cent fewer credit card applications. These figures cap another difficult week for […]
Where there was discord, Donald Trump has remarkably brought harmony. He has brought peace between the markets and Janet Yellen, as traders at last appear to believe her forecast for interest rates over the next year. The Federal Reserve says it intends to raise rates three times next year, and the market implicitly, through Fed Funds futures, puts the chance of this happening at almost exactly 50 […]
Image: ZDNet [This article has been updated several times since its initial publication to incorporate changes in Windows 10. Last updated: December 16, 2016] Over the past year, I’ve read countless “privacy guides” for Windows 10. Most are well-intentioned, but they invariably take a simplistic approach to privacy: Just turn off every switch in the Privacy section of the Settings app. If you do that, you’re not […]
Yahoo has already confirmed that as much as 1 billion of its users are affected by a breach that seemed to have been executed in August 2013. The staggering number adds to the 500 million compromised accounts by a separate cyber attack carried out a year later. What is particularly significant with the latest revelation is the fact that Yahoo did not uncover it on their own. They only […]
Washington has protested to Beijing over a US Navy underwater drone being seized by the Chinese navy in the South China Sea, marking a sharp escalation in already rising tensions between the two countries. China claims sovereignty up to the ‘Nine-dash’ line A US defence official said the device was grabbed as it was being operated by the USNS Bowditch, a survey vessel. The Obama administration issued […]
The global benchmark interest rate for trillions of dollars of corporate loans, credit cards and derivative contracts is approaching 1 per cent for the first time since the US emerged from recession, as global markets reach the end of a turbulent week. With the US Federal Reserve anticipating greater US economic strength in 2017, this has pushed the dollar to a 14-year high and spurred further selling […]
