Dubai’s Roads & Transport Authority (RTA) has announced the introduction of traffic diversions on internal roads of the Dubai Investment Park (DIP) and Discovery Gardens. The diversions are being put in place because of the emirate’s construction works on the Route 2020 Project. Eng. Maitha bin Adai, CEO of RTA’s Traffic and Roads Agency, said the traffic diversion will be put in place over two phases on […]
By Ange Aboa | BOUAKE, Ivory Coast BOUAKE, Ivory Coast The leaders of a nationwide military mutiny in Ivory Coast have accepted a government proposal on bonus payments and agreed to return to barracks, ending their revolt, two spokesmen for the soldiers told Reuters on Tuesday. Neither Ivory Coast’s defence minister nor government spokesman was immediately available to confirm details of the agreement, but a Reuters witness […]
Martin Draper, technology director at luxury retailer Liberty, says his big priority for 2017 is business intelligence. The firm gathers information from various sources and Draper wants to create a data-driven strategy that helps executives at the firm make smarter decisions quickly and effectively. He joined the world-famous retailer in March last year, having completed a 13-year IT leadership stint at Harrods. Throughout his career, Draper has […]
Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares, ahead of the company’s pending deal with Verizon Communications Inc. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 0.6 percent at $50.15 in premarket trading. Yahoo said it would pay between $50.79 and $44.74 per share based on its calculations, Alibaba’s […]
British IT expert Marcus Hutchins who has been branded a hero for slowing down the WannaCry global cyber attack, during an interview in Ilfracombe, England, Monday, May 15, 2017. Hutchins thwarted the virus that took computer files hostage around the world, including the British National Health computer network, telling The Associated Press he doesn’t consider himself a hero but fights malware because “it’s the right thing to […]
Indian agents have raided the home of the country’s former finance minister as part of an investigation into alleged violations of strict foreign investment rules. India’s Central Bureau of Investigation said it had visited locations in the southern city of Chennai on Tuesday morning, including the home of Karti Chidambaram, which he shares with his father P Chidambaram, a Congress party politician whose most recent cabinet post […]
Kuwait’s supreme court on Monday upheld a five-year jail term against three members of the ruling family, including the former secret service chief, for insulting the judiciary. Those convicted include Sheikh Athbi Al-Fahad Al-Sabah, a nephew of the Gulf state’s emir and the former head of the secret service police, according to an official court verdict. He was one of three royals convicted, along with two other […]
Growing preference for debit cards is driving more Singapore shoppers towards electronic payments, with just 11 percent forking out physical cash. Some 87 percent of consumers in the city-state expressed preference for e-payments, which was the highest in the Southeast Asian region, according to the 2016 Visa Consumer Payment study, conducted by Toluna. The survey polled 500 Singaporeans on their attitudes towards various payment modes, including cash, […]
KIEV Ukraine has imposed sanctions on Russia’s largest internet group Yandex and other popular web businesses including the operator of social media sites Vkontakte and Odnoklassniki, the president’s office said on Tuesday. The decree by Ukrainian President Petro Poroshenko also banned Ukrainian web hosts from linking to the Russian websites from May 15. The restrictions added to an existing list of more than 400 Russian individuals and […]
Seeking to make virtue out of totally predictable and painful necessity, the parent of The Chicago Tribune is seeking to buy its longtime tabloid rival, The Chicago Sun-Times. The two papers already have a joint printing and distribution agreement and will now enter into a merger discussion that would theoretically maintain them as separate entities. Any such deal would need Justice Department approval. But the weakened state […]
Vodafone redials its Indian impairment numbers. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Hailing from the country that gave India cricket, Victorian railway architecture and a penchant for bureaucracy, Vodafone might have expected a little goodwill on the subcontinent. Instead, India has given the British mobile phone operator a price war, […]
By Ami Miyazaki and Taiga Uranaka | TOKYO TOKYO Japan’s government said on Tuesday it wanted Toshiba Corp (6502.T) and partner Western Digital Corp (WDC.O) to cooperate, expressing concern about an escalating dispute between the two that threatens to upend the sale of Toshiba’s chip unit. Western Digital sought international arbitration this week to stop Toshiba from selling the unit without its consent, arguing that the Japanese […]
UAE telco du has launched a data-only sim for heavy users who require internet on the go. With up to 50GB for use on devices such as tablets, Mi-Fis, the new iPad and Car-Fis, the the new data sims are available on installment with zero upfront payment, according to du Customers opting for the data sim plans can sign a 12-month contract with du and choose from […]
DocuSign has revealed a data breach that has allowed malicious actors to conduct a wide-ranging phishing campaign. In a notice on its website, DocuSign said it found the breach when investigating the cause of an increase in DocuSign-impersonating phishing emails. “A malicious third party had gained temporary access to a separate, non-core system that allows us to communicate service-related announcements to users via email,” the company said. […]
By Ann Saphir | SAN FRANCISCO SAN FRANCISCO Ramin Forouzandeh had applied to 13 PhD economics programs in the United States, but after President Donald Trump signed his first travel ban in January, the 25-year-old Iranian turned to Canada for other options. He said he had focused on U.S. schools because they hosted most of the world’s top 20 economics programs. “Before the travel ban, I never […]
PHNOM PENH, May 16 (Xinhua) — China has overtaken Vietnam to become the 1st largest source of tourists to Cambodia, a Cambodian Tourism Ministry official said on Tuesday. Kong Sopheareak, director of the Tourism Ministry’s statistics and planning department, said that about 270,000 Chinese visitors came to Cambodia in the first quarter of 2017, up 26 percent over the same period last year, as the number of […]
Saudi King Salman on Monday expressed hope a “historic” summit to be held Sunday between Arab and Muslim nations and US President Donald Trump will enhance ties and promote tolerance. The summit will be one of three forums held during a visit by Trump, who is making Saudi Arabia his first overseas stop since assuming office in January. Trump has frequently been accused of fuelling Islamophobia but […]
Chinese networking giant Huawei has announced that it will be leading the “digital transformation” of Hamad International Airport in Qatar in an effort to improve security, customer experience, and efficiency. Huawei, which announced entering a memorandum of understanding (MoU) with the Doha-based airport this week, said it will work on creating prototypes and solutions for Internet of Things (IoT) and autonomous machines throughout the airport. “The objective […]
By David Shepardson and Nick Carey | WASHINGTON/DETROIT WASHINGTON/DETROIT Ford Motor Co (F.N) plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told Reuters on Monday. A person briefed on the plan said Ford plans to offer generous early retirement incentives to reduce its […]
The blockbuster listing of Ant Financial, the payments affiliate of Alibaba, has been put on ice until the end of next year at the earliest, according to bankers. Market players have been counting on Ant, which runs China’s popular Alipay mobile payments service, to be the star in this year’s initial public offerings calendar. It was valued at $60bn in its last financing round in April 2016, […]
BuzzFeed News announced on Monday the addition of Forbes staff writer Ryan Mac to its expanding team of reporters in San Francisco who cover Silicon Valley. Mac, who’s already based in San Francisco, joins a BuzzFeed News tech team of 20. He’ll be covering “the intersection of wealth, tech and power” under BuzzFeed San Francisco Bureau Chief Mat Honan and technology editor John Paczkowski. Rather than focus […]
The Dubai Real Estate Court has settled a real estate lawsuit worth $4 billion (AED15 billion) by reaching a compromise with all parties based on the interest of the country’s economy and real estate market, according to news agency WAM. Judge Ahmed Ali Al-Dhanhani, head of the Dubai Real Estate Court, said, “The real estate project in question is an integrated city with vast areas, settled with […]
By Jonathan Stempel | NEW YORK NEW YORK Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Monday said it added to its sizable investments in American Airlines Group Inc (AAL.O) and Southwest Airlines Co (LUV.N), and shed its stake in Twenty-First Century Fox Inc (FOXA.O). In a regulatory filing, Berkshire said that in the first quarter its American stake grew 8 percent to 49.3 million shares worth $2.08 […]
One of the hottest races going on in the tech world right now is the race to get self-driving cars out to the public first. To try and beat out the competition, Waymo has reached an agreement with Lyft, the startup ride-hailing company, to get its street legal autonomous cars out first. Lyft And Waymo Team Up The New York Times reported that the two companies reached […]
