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04 March 2017 MARC has affirmed its ratings of A and BBB on special purpose vehicle RCE Advance Sdn Bhd’s (RCEA) outstanding RM5 million Class B and RM10 million Class C notes under the RM420 million Fixed Rate Medium-Term Notes (MTN) Programme respectively. The outlook on the ratings is stable. There is currently no outstanding Class A notes under the programme upon the repayment of RM5 million on November 15, 2016. The rating […]

PARIS/LONDON France’s PSA Group (PEUP.PA) is set to announce a deal to buy Opel from General Motors (GM.N) on Monday after striking an agreement with the U.S. carmaker and winning the blessing of its board for the acquisition. The maker of Peugeot, Citroen and DS cars said on Saturday it would hold an early Monday press conference with GM, at which the transaction is expected to be […]

General Motor’s (GM’s) European car brand Opel will soon come under the PSA Group. The French automaker is quite close to completing a deal with Detroit-based car maker GM on Monday, March 6. GM it seems is finally dumping its European car business which was long standing and losing out money making its car business unprofitable. The acquisition was made in order to give a boost to GM’s […]

With its high growth rates and huge potential, battery demand is a key focus for metals markets. If 2016 was all about lithium, then 2017 should see cobalt start to attract greater attention. Prices have already accelerated to levels last seen in 2011, as rising demand from the core portable electronics meets relatively stagnant supply growth. And while risks remain — technological on the demand side and […]

By Benjamin Kang Lim and Philip Wen | BEIJING BEIJING China’s sweeping overhaul of its anti-corruption architecture could enable President Xi Jinping to justify retaining his key ally and top graft buster Wang Qishan beyond retirement age, sources with ties to the leadership say. Breaking the unwritten retirement rule could also set a precedent for Xi, 63, to defy current expectations that he will step down as […]

Once upon a time, it was seen as a significant concession to put wheelchair-accessible rooms in a hotel room and organise special assistance for getting off a plane. But things are changing – partly because authorities are introducing more disability-friendly regulations, but mainly because tourism operators have twigged that accessible travel is a lucrative market. And that has led to innovations such as these: Accessible skiing in […]

As NPR pointed out in 2015, “every new automatic device that enters our lives, from automatic doors to escalators, has had to face this awkward moment where people are skeptical and maybe scared.” When the first public railway opened in England in 1825, for example, people thought the human body wasn’t made to withstand travel at speeds of 30 miles per hour for long periods […]

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One of Dubai’s biggest shopping malls has installed nine electric car charging stations, following the official launch of Tesla in the UAE last month. Located at the Fashion Dome Valet Parking and on the first and second floors at Mall of the Emirates, the Tesla charging stations can add up to 100km of range to the battery per hour of charge. “Majid Al Futtaim is proud to […]

Uber is now in the process of getting a permit from the California DMV to resume testing its self-driving vehicles on public state roads. Uber started testing its self-driving Volvo XC90 SUVs in San Francisco last year – but the state DMV ultimately opposed the tests since Uber had not applied for its autonomous testing permit prior to beginning service. While Uber took its test fleet of XC90s […]

Technology accelerates by leaps and bounds, which can only spell doom for most workers’ economic prospects. How long before a robot or algorithm can do your job, leading to mass “technological unemployment?” Machines are learning to master once-unthinkable tasks. Yet, even though our software can best us at Jeopardy! and our hardware has learned to run and jump, there’s still no consensus among economists that […]

Credit: Scott Meltzer/public domain Despite advancements in fuel-saving technologies over the last 25 years, on-road fuel economy for all vehicles is up only one mile per gallon during that time. In an update to research conducted two years ago, Michael Sivak and Brandon Schoettle of the University of Michigan Transportation Research Institute say that actual, on-road fuel economy for the entire fleet of vehicles (including cars, trucks, […]

ABU DHABI // Students from United Arab Emirates University have designed an environmentally-friendly car to compete in an eco-marathon in Singapore this month. The vehicle – made from synthetic materials, plastic and carbon fibre – will be raced against 100 teams from March 16 to 19. The students, who are competing in the marathon for the first time this year, took 4 months to design, build and […]

Cars are on their way to becoming ‘mobile phones on wheels’ The car of the future will let you pay for petrol or parking directly from your vehicle and receive traffic alerts and restaurant recommendations from your onboard digital assistant. Connected cars—or “mobile phones on wheels”—will be able to do those things and more, including communicate with each other on the road and with the infrastructure around […]

A video showing Uber CEO Travis Kalanick disrespecting a company driver has gone viral and drew a firestorm of criticism, and Kalanick would like to apologize. For those unfamiliar with the matter, a video surfaced on Tuesday, Feb. 28 showing Kalanick in a heated argument with an Uber driver. The video stirred quite some waves and made headlines, so a more humble Kalanick has now seen the error of […]

For 2017, Toyota has added its most fuel-efficient Prius ever: a plug-in gasoline-electric hybrid called Prius Prime that can travel up to 640 miles on a full electric charge and a single tank of fuel. With its federal government fuel ratings of 54 miles per gallon on gasoline power and 133 mpg-equivalent on electricity plus gasoline, the new Prius Prime is the most fuel-efficient plug-in gasoline-electric hybrid […]

A security officer wraps the recovered bodies of a couple who were brutally murdered by separatists in Songkhla to get their pickup truck and rig it as a car bomb. (Photo by Assawin Pakkawan) A network of Buddhists in the far South has called for a relaxation of special security laws in the insurgency-plagued region following an agreement between the government and insurgent groups to create safety […]

Mr. Masri was “jihadi royalty, meaning his death will almost certainly necessitate some form of response, whether from Syria or elsewhere in the world,” Mr. Lister said. Continue reading the main story The killing of the Qaeda leader was previously reported by CNN and The Guardian. It was confirmed by an American official who declined to be identified because he was discussing classified intelligence reports Photographs of […]

By Gopal Sharma | KATHMANDU KATHMANDU Nepal has forced 2,500 old vehicles off roads in its capital city of Kathmandu, part of a fight against alarming air pollution levels that have hit nine times World Health Organisation (WHO) limits. Air pollution has been a chronic problem in rapidly growing Kathmandu, which sits in a Himalayan valley and is home to more than three million people. Rising public […]

01 March 2017 The global Islamic financial community has recognized the innovative and development impact made by the Hashemite Kingdom of Jordan’s inaugural local currency Sukuk. At a lavish ceremony on February 28 2017 in Dubai, Jordan emerged as the winner of IFN “Sovereign Deal of the Year 2016” award. In addition to this global award, Jordan was a global runner-up for two award categories: “Ijarah & Sukuk […]

By David Shepardson | WASHINGTON WASHINGTON German automakers dominated Consumer Reports’ annual ranking of automotive brands released on Tuesday, with Volkswagen AG’s (VOWG_p.DE) Audi (NSUG.DE) leading the pack, while U.S. brands continued to lag despite gains for many. Jake Fisher, director of auto testing at the magazine, said German automakers rose largely due to improvements in reliability. “Building one or two great vehicles is achievable, but making […]

Domino’s in-app DRU Assist Screenshot: Asha McLean/ZDNet Domino’s has delivered new additions to its Domino’s Robotics Unit (DRU) family, announcing the DRU Platform, an artificial intelligence (AI)-based technology that will allow customers to order a pizza using their voice. As of Monday, customers will be able to use DRU Assist, an in-app AI virtual assistant that was built in partnership with natural language company Nuance. DRU Assist […]

By Isabel Coles and Maher Chmaytelli | MOSUL/BAGHDAD, Iraq MOSUL/BAGHDAD, Iraq U.S.-backed Iraqi forces on Tuesday battled their way to within firing range of Mosul’s main government buildings, a major target in the offensive to dislodge Islamic State militants from their remaining stronghold in the western side of the city. Terrified civilians were fleeing the fighting, some toward government lines, often under militant fire. Others were forced […]

By Stephen Kalin | SOUTH OF MOSUL, Iraq SOUTH OF MOSUL, Iraq A few hundred men who had scurried across front lines in a refugee exodus from Mosul sat on the ground in neat rows before an Iraqi intelligence officer who scanned the crowd for hidden militants. The officer pulled a teenager onto a raised platform and asked the group if he belonged to Islamic State (IS). […]

This example of a 3-D ladar point cloud shows a fully foliated field site. Color indicates elevation above the ground, with red tones indicating a higher elevation value (for example, tree tops and vegetation) and blue tones indicating lower elevation value (ground-level vegetation and the ground itself). Credit: Massachusetts Institute of Technology The United States shares 5,525 miles of land border with Canada and 1,989 miles with […]

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