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A new study looking into job automation estimates that millions of human workers around the world might lose their jobs to robots in the future. According to a new PwC report, many jobs worldwide risk automation from artificial intelligence and robotics by the early 2030s. However, the report notes that in many cases the jobs won’t disappear altogether, but rather change and adapt. US Jobs Most At Risk […]

The police raided the apartment of the teenager’s family on Thursday morning and arrested him as the prime suspect behind a monthslong wave of bomb threats against Jewish institutions in the United States, Australia and New Zealand, sowing panic and prompting evacuations. The Israeli police said he had also made threats against commercial airlines, including at least one Delta Air Lines flight in 2015, forcing an emergency […]

Shares in one of China’s largest dairy groups plunged more than 90 per cent on the Hong Kong stock exchange on Friday, knocking $4.1bn from its market capitalisation.  China Huishan Dairy Holdings was granted a trading suspension after its shares saw one of the biggest drops in the exchange’s history, cutting its market capitalisation from $4.85bn to $750m and likely causing paper losses for investors including BlackRock and Vanguard. Hong Kong’s bourse […]

Hubble spots two interacting galaxies some 60 million light-years away in the constellation of Leo. Source link

Pressed to explain his lack of concern, Mnuchin said, “It depends on what you think of artificial intelligence.” (Image: CSPAN) Artificial intelligence won’t pose a real threat to American jobs for “50 or 100 more years,” Treasury Secretary Steve Mnuchin on Friday. special feature How to Automate the Enterprise One of today’s biggest opportunities for IT to make an impact is by automating business processes, manufacturing, repetitive […]

The Fed’s most recurring lament over the past 8 years, ever since the Financial crisis, is that there has been no measurable inflation in the US economy when using such conventional indicators as CPI, even though according to recent measurements by PriceStats real inflation, not the BLS’ seasonally-adjusted, goalseeked and politically convenient  mutant, is now running at a blistering 3.6%, the highest in five years.   That […]

DHAKA A suicide bomber blew himself up at a security checkpoint near Bangladesh’s international airport on Friday, police said, the second such incident in a week. A young man set off a bomb in front of a police checkpoint and killed himself, police official Ruhul Amin said. No other casualties were reported. The attacker could not be identified immediately. Police have cordoned off the area. The latest […]

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ABU DHABI and AL AIN // Hospital staff are witnessing an unprecedented number of patients with significant brain injuries as reckless driving and a culture of speeding takes its toll on the health service and the lives of young motorists. Surgeons said they were seeing up to 20 patients a day with substantial brain trauma in the emirate of Abu Dhabi alone. Of those, in 80 per […]

Last year, Donald Trump won the election for president by bemoaning the disappearance of the American factory and pledging to bring back manufacturing from other countries. Now in power, he might have to start worrying about the decline of another traditional pillar of the US economy — the American shopping mall. Fears that the rise of online shopping will lead to substantial dislocation in the retail sector […]

Chinese oil companies are turning their focus to overseas retail and services markets, as slowing growth in domestic fuel demand makes their traditional home market less attractive. Sinopec this week agreed to buy Chevron’s 75 per cent stake in a Cape Town refinery, affiliated service stations and convenience stores in South Africa and Botswana for $900m. It was the only remaining bidder after a year-long tender process. […]

Trailing by three, Clemson was driving against Alabama late in a pulsating, nerve-racking College Football Playoff championship game. Deadline for The Washington Post’s Chuck Culpepper meant filing almost immediately after the game ended. Culpepper looked at his computer, and only a couple of paragraphs stared back at him. Did he panic, knowing he had to generate an entire story on a close game in a matter of […]

By Stoyan Nenov | KAPITAN ANDREEVO, Bulgaria KAPITAN ANDREEVO, Bulgaria Bulgarian nationalists blocked border checkpoints with Turkey on Friday to stop buses bringing Bulgarian ethnic Turks to vote in Sunday’s election amid growing tension between the two neighbours. Sofia has accused Ankara of interference in its election on behalf of the DOST party that represents Bulgarian Turks, the country’s largest ethnic minority. Polls suggest DOST will fall […]

The highest-end Nokia 6 Arte Black is among the phones set for a global rollout. Image: HMD Global HMD Global has confirmed it will launch its Nokia Android handsets to the US and the rest of the world in the second quarter. The company said on its Twitter account today that its new Android handsets and one feature phone will launch worldwide between April and June. The […]

By Pavel Polityuk and Alessandra Prentice | AVDIYIVKA/KIEV AVDIYIVKA/KIEV Ukrainian government troops and separatist fighters have drawn closer to each other at several places along the tense front line in eastern Ukraine, monitors say, raising the risk of violent flare-ups that could wreck a shaky ceasefire. At some points, the sides have drawn within shouting distance of each other. The Organisation for Security and Cooperation in Europe, […]

China-based Zhonghong Zhuoye Group Co Ltd will buy Blackstone Group LP’s (BX.N) 21 percent stake in SeaWorld Entertainment Inc (SEAS.N), the embattled U.S.-based marine park operator said on Friday. SeaWorld said Zhonghong Group would buy the stake for $23 per share, a premium of nearly 33 percent to the stock’s close on Thursday. Zhonghong Group – a diversified holding company for investments in real estate, leisure and […]

By Susan Cornwell and Richard Cowan | WASHINGTON WASHINGTON U.S. Republican lawmakers struggling to overcome differences over new healthcare legislation confronted a stark choice after President Donald Trump delivered an ultimatum: pass the bill on Friday or keep Obamacare in place. Trump, a real estate magnate who touted his dealmaking prowess in the 2016 presidential campaign, faced the first major test of how well his skills would […]

Ford said that slowing new car demand in the US and rising costs could halve its first-quarter earnings per share compared with last year’s record first quarter. The Detroit carmaker’s shares slipped in New York on Thursday after the company said in a statement that it now expects pre-tax profits of $9bn in 2017, down from $10.4bn last year. It expects profits to rise again in 2018. […]

At the start of the year, I was part of a panel that aimed to offer career guidance to graduating students at a local secondary school in Singapore. The panel dished out the usual advice about the need to have passion, work hard, and always strive to do better. A student then posed a question that struck a chord: “How can I ensure the skills I learn […]

Abu Dhabi investment firm Waha Capital is in talks with potential partners in Saudi Arabia as it looks to diversify investment in some key sectors outside the United Arab Emirates (UAE), its chairman said. Saudi Arabia is opening its economy to foreign investment as part of its 2030 vision whereby the Middle Eastern country will rely less on oil and create more jobs for its citizens. Waha […]

CAIRO Hosni Mubarak, the Egyptian president overthrown in 2011 and the first leader to face trial after the Arab Spring uprisings that swept the region, walked free on Friday for the first time in six years, his lawyer said. He left the Maadi Military Hospital where he had been detained, heading to his home in Heliopolis. A top appeals court cleared Mubarak earlier this month on charges […]

By Farah Master and Venus Wu | HONG KONG HONG KONG As visitors sip champagne at Hong Kong’s Art Basel event this week and take selfies with replicas of deceased leaders Fidel Castro and Mao Zedong, a more urgent issue is rumbling through dealers exhibiting – how big an impact China’s capital controls will be in the coming year. Over the past six months, Chinese buyers have […]

By Sumeet Chatterjee | HONG KONG HONG KONG HSBC (HSBA.L) plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business’s regional head said, most of them in the Pearl River Delta, the heart of the bank’s growth strategy in China. If that target is hit, the new additions will mean HSBC will have hired twice […]

By Andrew MacAskill and Anjuli Davies | LONDON LONDON Britain’s Labour party has won five seats at elections in the City of London, the heart of the country’s financial district, as it seeks to challenge the borough’s centuries-old policy of independence from party politics. Britain’s main opposition party, lagging far behind the Conservatives in national opinion under its current leader, veteran socialist Jeremy Corbyn, has had its […]

Democrats criticised Donald Trump’s choice to run the Securities and Exchange Commission on Thursday, saying that Jay Clayton, a veteran securities lawyer, is too deeply entangled with Wall Street to be an effective markets cop. SEC ethics rules will require Mr Clayton, a partner with Sullivan & Cromwell in New York, to recuse himself for two years from enforcement actions involving his former clients or anyone represented […]

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