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Chinese leasing companies have taken ownership of hundreds of vessels in deals worth tens of billions of dollars in the latest sign of the industry’s rapid transformation amid a long-running financial crisis. The deals made by Chinese companies, including the leasing businesses of ICBC, China Minsheng Bank and Bank of Communications, have provided badly-needed financing for shipowners as miserable trading conditions dominate most shipping sectors. Although there […]

This chart shows the fraction of JavaScript library versions with distinct known vulnerabilities, each represented by colors, out of the total library versions in brackets. Image: Northeastern University An analysis of over 133,000 websites has found that 37 percent of them have at least one JavaScript library with a known vulnerability. Researchers from Northeastern University have followed up on research in 2014 that drew attention to potential […]

PolitiFact, the national political fact-checking franchise started by the Poynter-owned Tampa Bay Times, has lost seven of its statewide partners since the presidential campaign. Partners in Providence, Rhode Island, Des Moines, Iowa and Richmond, Virginia all discontinued their PolitiFact franchises within the last year, according to a report from the Duke Reporters’ Lab. E.W. Scripps Television Stations, which operated four statewide PolitiFact affiliates, opted not to renew […]

By Angela Moon | NEW YORK NEW YORK For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc. The stock of Snapchat’s parent company has been on a roller-coaster ride since its market debut last week, surging more than 70 percent from the initial public offering price in the first two days of trading and […]

Thanks to a new radar technique employed by NASA, India’s first lunar probe that went missing about eight years ago has finally been found. Chandrayaan-1 The Indian Space Research Organisation launched its first moon probe Chandrayaan-1 in October 2008 but less than a year after the spacecraft successfully entered lunar orbit, technical problems started to emerge. By August 2009, controllers lost contact with the spacecraft. After about […]

By Tuvan Gumrukcu and Thomas Escritt | ANKARA/ROTTERDAM ANKARA/ROTTERDAM Turkey told the Netherlands on Sunday that it would retaliate in the “harshest ways” after Turkish ministers were barred from speaking in Rotterdam, as a row over Ankara’s political campaigning among Turkish immigrants escalated. President Tayyip Erdogan labeled the Netherlands a “Nazi remnant” after it became the latest European country worried about political tensions inside Turkey spilling beyond […]

DUBAI // Two men who acquired a Dh850,000 Porsche 911 using fake documents and posing as partners of a member of the royal family were sentenced to three years in jail each on Sunday. Dubai Criminal Court convicted an Emirati businessman, 36, of forgery, use of forged documents, issuing a cheque that later bounced and of unlawfully obtaining the 2016 car. An Egyptian business partner, 38, was […]

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Here are the main questions facing investors and markets as a new trading week beckons. What will the Federal Reserve say?Sometimes words matter more than action. A quarter percentage point tightening is all but baked in after the February jobs report, when 235,000 jobs were created — eclipsing market expectations. Of greater importance is whether Fed officials indicate a willingness for a faster rate of tightening in […]

CAIRO Cairo’s population is set to grow by 500,000 this year, more than any other city in the world, adding to the pressure on an Egyptian economy struggling to recover from six years of political turmoil.  Greater Cairo, a metropolitan area including the cities of Cairo, Giza and Qalyubia, is home to some 22.8 million people and will gain another half a million in 2017, a Euromonitor […]

MANILA Negotiators from the Philippine government and Maoist-led rebels have reached an agreement to resume formal peace negotiations next month, a month after an angry President Rodrigo Duterte cancelled talks after rebels ambushed soldiers. The two sides would hold talks in the first of April to work out a bilateral ceasefire, Duterte’s peace adviser Jesus Dureza said after two-day informal talks in Utrecht over the weekend. “I […]

Saudi King Salman’s stop in the Maldives on his month-long tour of Asia brings into focus how this tiny archipelago – best known for high-end tourism and an existential battle against climate change – has emerged as a key player in a regional struggle for influence. Both Riyadh and Beijing are currying favour with the strategically located 820km-long chain of Indian Ocean atolls, in efforts analysts believe […]

Everspin has shipped over 60 million MRAM chips in the last eight years. So why haven’t you heard of them? MRAM is a different type of nonvolatile memory, with unlimited durability, good speed – 35nsec reads and writes – 20+ years of data durability, lower power consumption than flash, byte addressability, and the ability to endure extreme temperatures. It also costs much more than flash. As such […]

Paris Fashion Week’s fall/winter season has drawn to a close in the French fashion capital. Rebecca McLaughlin-Duane wraps up the big shows of the final days. Vivienne Westwood Giving her stamp of approval to a collection designed by her creative partner — and husband — Andreas Kronthaler, Dame Vivienne Westwood walked the runway in her brand’s show in Paris. The 75-year-old strode out firstly in an oversized […]

BEIJING The number of corruption cases heard by Chinese courts jumped by about one-third last year, as the country’s top prosecutor vowed on Sunday there would be no let up in China’s campaign against deep-seated graft. Since assuming office more than four years ago, President Xi Jinping has waged war on corruption, warning, like others before him, that the problem is so bad it could affect the […]

By Suyeong Lee and Hyunjoo Jin | SEOUL SEOUL The South Korean politician likely to emerge as the next president promised justice and common sense on Sunday as workers renovated the home of ousted leader Park Geun-hye to prepare for her departure from the presidential Blue House. The Constitutional Court ruled on Friday to uphold a parliamentary vote to impeach Park, dismissing her from office over an […]

Authored by Federico Pieraccini via The Strategic Culture Foundation, While the world continues to decipher, or digest, the new Trump presidency, important changes are afoot within the grand strategic triangle that lies between Russia, Iran and China Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for the future of […]

Caterpillar Inc (CAT.N) said on Friday it was compliant with tax laws, a week after federal law enforcement officials raided three of the company’s buildings in connection with a probe into the heavy machinery manufacturer’s offshore tax practices. The Internal Revenue Service (IRS) has challenged the company’s taxes for the years 2007-2012, the company said in a statement on Friday. “We disagree with the IRS’ position, have […]

11 March 2017 Abu Dhabi – Yas Viceroy Abu Dhabi serves as an icon of luxury which redefines Yas Island. Its stunning interiors, 499 rooms and suites, 11 dining and lounge areas and wellness facilities are a sure match to the taste of guests looking for an extraordinary experience. Its local and international success during the past years has pushed Viceroy Hotels & Resorts to further develop […]

DUBAI // Lubna is a 38-year-old mother who fears she will soon be forced to live on the streets, along with her three-year-old son. She lives in a rented flat paid for by a benefactor. “It’s paid for until the middle the month but then I am on the streets,” she says. Lubna wasn’t always living with the threat of homelessness. She came to Dubai seven years […]

The United Nations’ special rapporteur on privacy has lambasted a spate of new surveillance laws across Europe and the US, saying that there is “little or no evidence” that mass monitoring of communications works. In a report published this week, Prof. Joseph Cannataci, the first privacy watchdog to take up the post, said he was neither convinced of the effectiveness or the proportionality “of some of the […]

By Keith Coffman | NEDERLAND, Colo. NEDERLAND, Colo. Every March the cryogenically frozen corpse of a Norwegian man breathes fresh life into sleepy Nederland, Colorado, where throngs of fun-lovers fill the streets for “Frozen Dead Guy Days,” a festival in honor of the town’s most famous resident. The annual three-day festival is the brainchild of a local businesswoman who came up with the whimsical idea 16 years […]

During my budding career, I have been fortunate to work with veteran journalists many years my senior. I was and continue to be grateful for their experience, insight and wisdom, dispensed frequently and with candor. Some of the most innovative journalists I know are also some of the most experienced. That’s because, to stay in this business through a punishing recession and unceasing technological disruption, they had […]

Hedge funds run by women have outperformed a broader benchmark of alternative investment managers over the past five years, raising fresh questions about why there are so few female portfolio managers. The HFRI Women index has returned 4.4 per cent over the past five years, compared with a 4.2 per cent return for the HFRI Fund Weighted Composite index, a broader gauge of hedge funds across all […]

Company’s yearly revenue surges by more than 30% in 2016, staff strength increases from 350 in 2015 to 600 in 2016 11 March 2017 Abu Dhabi, UAE – Emirates International Property Services (EIPS), a Bloom Holding subsidiary that offers a comprehensive range of competitive, customised facility management services, has adopted a simpler and more dynamic brand name – b.fm. The move is part of the company’s strategy […]

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