“At this particular time, its purpose was to host this meeting of very senior people in Al Qaeda,” Captain Davis said. Officials emphasized that widely recognized military guidelines allow sites to be targeted for attacks based on what they are being used for at a given moment — and not on their general purpose or even typical use. Continue reading the main story Mohamed Ibrahim, who lives […]
Humans, especially Americans, are kind of slobs. We mess up the Earth by throwing out about 4.5 pounds of garbage per person on average every day. Two-thirds of that waste could be composted, but isn’t. And half of the rest of it could be recycled, according to research from the Duke Nicholas School of the Environment, corroborated by studies from the Global Footprint Network and others. Now, […]
STUTTGART, Germany Porsche (VOWG_p.DE) will invest hundreds of millions of euros in digital services to generate the revenue needed to offset an expected decline in car sales in the coming years, its finance chief said on Friday. Growing demand for ride-hailing and car-sharing will make the part-time use of vehicles, including Porsches, as convenient as ownership in seven to 10 years and that could dent new car […]
As part of sweeping efforts to reduce regulation and boost business, President Trump this week announced plans to relax fuel economy standards. The Corporate Average Fuel Economy (CAFE) standards, which were implemented decades ago but accelerated under President Obama, call for automakers to reach a fleetwide average 54.5 miles per gallon by 2025. In typical deal-maker fashion, Trump went to Detroit to announce the easing […]
By John Davison and Ahmed Rasheed | MOSUL, Iraq/BAGHDAD MOSUL, Iraq/BAGHDAD Iraqi forces battling Islamic State in Mosul edged into the Old City and around the al Nuri mosque on Friday trying to seal off a main road to prevent militants sending in suicide bombers to attack their positions. Troops are meeting fierce resistance as militants retreat into the Old City, where street fighting is expected in […]
Bob Diamond, the former Barclays chief executive, has teamed up with the investment vehicle of the Qatari royal family to launch a bid for Panmure Gordon, the lossmaking stock broker and investment bank. Panmure, whose name dates back more than 140 years, is suffering like many mid-cap brokers from a number of structural challenges, including increased regulation, fewer deals and lower corporate retainers. The deal may be […]
By John Davison | MOSUL, Iraq MOSUL, Iraq After five months of intense fighting, Iraqi forces have begun to drive back Islamic State into the dense and narrow-alleyed Old City of Mosul, with the mosque where its leader Abu Bakr al-Baghdadi declared a caliphate in 2014 firmly in sight. Iraqi leaders say the battle to recapture Mosul is reaching its final stages, trumpeting each gain made against […]
By Sijia Jiang | HONG KONG HONG KONG Chinese technology conglomerate LeEco is looking to sell a 49-acre U.S. Silicon Valley property less than a year after buying it from Yahoo Inc, sources said, in what is the latest effort by the firm to ride out a cash crunch. LeEco, one of China’s most ambitious companies that grew from a Netflix-like video website to a business empire […]
A Saudi soldier was killed by gunmen late on Tuesday in the Eastern city of Qatif, in an incident the interior ministry said was carried out by “terrorist elements”. The security patrol came under fire upon approaching a suspicious vehicle, the statement carried by state news agency SPA, adding that the gunmen fled the area. Eastern Province is home to much of Saudi Arabia’s oil production as […]
In this Monday, March 13, 2017 photo, a Uniti employee works on prototype steering controls, at the startup’s temporary production facility in Lund, Sweden. A group of Swedish students that raised 1.2 million euros in crowdfunding for their startup to build electric cars has caught the attention of German industrial heavyweight Siemens. The two sides said Wednesday that they were starting a partnership that will see them […]
DHAKA Police in Bangladesh fired teargas and water cannon on Wednesday to disperse hundreds of demonstrators trying to besiege the energy ministry in a protest against an increase in gas prices. Starting from this month, gas prices are to be raised by an average of 22.7 percent in two phases. It is the second such hike within two years, despite objections from political parties and industry, including […]
Toyota Motor Corp signed a memorandum of understanding (MOU) on Tuesday with a Saudi Arabian government agency to conduct a feasibility study into producing vehicles and parts in the Middle Eastern nation. The move, if firmed up, would be a big step for the Saudi economy as the government tries to diversify beyond oil exports and create jobs as part of the kingdom’s 2030 Vision. So far, […]
WOLFSBURG, Germany Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller said he is not ruling out talks with Fiat Chrysler (FCHA.MI) boss Sergio Marchionne about a possible merger. “I am not ruling out a conversation,” Mueller told reporters on Tuesday after the carmaker’s annual earnings press conference in Wolfsburg. Marchionne has long advocated car industry mergers to share the costs of making cleaner and more technologically advanced vehicles and […]
When Intel’s chief executive addressed shareholders at last month’s investor day, he insisted that the “traditional market view” of the company as a Silicon Valley stalwart making chips for PCs and servers was wrong. “The way we look at the world is a bit different,” Brian Krzanich said. “We are a data company.” Investors would soon discover just how differently Mr Krzanich was looking at Intel’s world. […]
ABU DHABI // Driving instructors say they feel powerless to curb reckless attitudes among young learners who are focused only on passing and then hitting the streets at high speed. Tutors said a desire to show off among peers had become a widespread and worrying trend among some young people keen to pass their test with the minimum number of lessons. Instructors and road safety experts revealed […]
By Irene Preisinger | MUNICH, Germany MUNICH, Germany German Chancellor Angela Merkel underscored the importance of free trade in a speech to business leaders in Munich, before her first trip to meet U.S. President Donald Trump in Washington for talks on a range of issues, including defense spending. Merkel had been due to meet Trump for more than two hours on Tuesday, but her trip was postponed […]
Running in San Francisco, California, with its operations in 528 cities worldwide, Uber Technologies Incorporation is one of the largest online transportation companies that is favored by many people. However, as the saying goes that a company can only grow if it treats its employees well hardly seems to be followed by this organization. Uber has always acknowledged its drivers as partners rather than employees. The drivers feel it is […]
This Wednesday, Oct. 14, 2015, file photo, shows a Mobileye camera system that can be installed in your car to monitor speed limits and warn drivers of potential collisions, mounted behind the rearview mirror during a demonstration of the system, in Ann Arbor, Mich. Intel is buying Mobileye in a deal announced Monday, March 13, 2017, and valued at about $14.09 billion, the latest push by a […]
By Tova Cohen and Ari Rabinovitch | JERUSALEM JERUSALEM U.S. chip giant Intel (INTC.O) has agreed to buy Israeli driverless technology firm Mobileye (MBLY.N) for $15.3 billion, the largest ever acquisition of an Israeli high-tech company. The $63.54 per share cash deal is the world’s biggest purchase of a company solely focused on the autonomous driving sector. Mobileye accounts for 70 percent of the global market for […]
Volkswagen Volkswagen has already taken a battering to its reputation due to the emissions scandal and is now tarnished further as the automaker has pleaded guilty to criminal charges as part of a settlement with the US Department of Justice (DoJ). On Friday, the automaker pleaded guilty in a Detroit federal court to felonies in connection with the 2015 emissions scandal. For years, the company sold a’clean […]
By James Pomfret | NANSAN, China NANSAN, China Within earshot of mortar fire echoing from beyond a ring of hills, a sprawling relief camp in Southwestern China is swelling steadily after fighting erupted last week between a rebel ethnic army in Myanmar and government troops just across the border. In a recent Reuters visit to the rugged area in southwestern Yunnan province, aid workers and those displaced […]
In November of last year, Samsung announced that it was purchasing Harman International Industries for $112 per share, equivalent to around $8 billion. The company’s biggest ever acquisition, which was an uncharacteristic one for the South Korean conglomerate as it mostly preferred to develop its own technology or buy smaller startups, has now been completed after four months. Samsung Closes Harman Acquisition “Today is a historic moment for […]
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PORT-AU-PRINCE At least 34 people were killed and 17 injured in northern Haiti late on Saturday after a bus crashed into a parade of pedestrians, the country’s civil protection authorities said on Sunday. The bus, which was coming from Cap Haitien to the capital Port-au-Prince, crashed into a “rara” parade in the town of Gonaives in the northern part of the country, authorities said. Rara parades are […]
