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The developer of an easy-to-use form of customisable ransomware has massively expanded their activities, expanding their arsenal of cybercriminal tools and making it even easier for would-be cyber crooks to set up operations. First spotted in September last year, Philadelphia ransomware is simple to deploy and at $400, is a relatively low-cost investment for entry-level cybercriminals, who also get support and updates as part of a ‘ransomware-as-a-service’ […]

A Human Rights Watch staffer said Wednesday he was barred from entering Bahrain for the annual FIFA congress in the Gulf state, which restricts access to foreign activists and journalists. HRW director for Israel and Palestine, Omar Shakir, said he spent 18 hours in the airport before being obliged to change his return ticket and board an outbound flight. The US citizen told AFP by telephone that […]

By Michele Sinner and Julia Fioretti | LUXEMBOURG/BRUSSELS LUXEMBOURG/BRUSSELS Uber provides a transport service and must be licensed, the European Union’s top court said on Thursday, in a potential blow to the U.S. firm which says it is merely a digital enabler. “The Uber electronic platform, whilst innovative, falls within the field of transport: Uber can thus be required to obtain the necessary licenses and authorizations under […]

There can’t be many global brands that have the means, or even the inclination, to shut down an entire city block in Los Angeles – but that is precisely what Hermès did earlier this year. As part of its touring spring/summer 2017 men’s collection, for one night, Hermès transformed a forgotten warehouse in Los Angeles into DwnTwnMen LA, an interactive exhibition, fashion show venue and art space. […]

Facebook announced on Wednesday that it’s penalizing websites that contain little substantive content and junky advertising, the social network’s latest step to police its platform for content that users find objectionable or irrelevant. “We hear from our community that they’re disappointed when they click on a link that leads to a web page containing little substantive content and that is covered in disruptive, shocking or malicious ads,” […]

Leisure The Dubai Police has added another high-tech vehicle to its fleet: a BMW i3. With a top speed of 150kph, it’s not going to be involved in any high-speed chases. But the small hatchback wins in the emissions department: it’s fully electric. Painted in green and white, the car was on display at an event in DIFC today. It’s part of a plan to ensure 10% […]

Ericsson has launched its “dynamic orchestration” solution, which the networking giant said will allow mobile telecommunications carriers to migrate to 5G and Internet of Things (IoT) applications by virtualising their networks. Ericsson’s self-professed “ambition to lead IT transformation services” led it to develop the solution, which delivers cloud-based software and professional services on demand and in real time, with the solution working across hybrid networks and multiple […]

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BT’s own goals cost the boss dearly. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Two months ago, all Paris St Germain had to do to reach the quarter finals of the European Champions League was not concede three goals in the final 2 minutes of their match against Barcelona. Barcelona’s ensuing […]

By Ben Blanchard | BEIJING BEIJING When leaders of 28 nations gather in Beijing next week for a summit to map out China’s ambitious new Silk Road project, one question is likely to be on attendees’ minds – what exactly is the Belt and Road Initiative? Proposed in 2013 by President Xi Jinping to promote a vision of expanding links between Asia, Africa and Europe underpinned by […]

By Nandita Bose | WHEATON, Ill. WHEATON, Ill. German grocery chain Aldi Inc is trying to beat the world’s biggest retailer at its own game: low prices. Already with 1,600 U.S. stores, Aldi has set a minimum target of selling groceries at a 21 percent discount to its U.S. rivals, including Wal-Mart Stores Inc (WMT.N), Chief Executive Jason Hart told Reuters. His strategy, previously unreported, centers on […]

The number of automatic teller machines (ATMs) in the UAE has increased by 67 in the past year, according to the country’s central bank. In a statement run by state news agency WAM, it said the UAE now has a total of 5,211, with the increase in ATMs “another indicator of the growth of business sentiment in the country”. The central bank statistics also said that up […]

A consortium led by Macquarie Group is buying a controlling stake in one of Australia’s biggest public energy companies in a deal that will deliver a A$7.6bn windfall to the New South Wales government.  The sale of a 50.4 per cent stake in Endeavour Energy to the Advance Energy consortium completes a trio of energy sales in NSW under an “asset recycling” policy, which the US administration […]

11 May 2017 The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it achieved a total operating income of US$ 249 million during the first quarter of 2017 and the total financing and investments recorded slight increases at the end of March 2017 compared to end of December 2016. Al Baraka Banking Group has continued during the first quarter of 2017, […]

Vice President Leni Robredo’s trust rating remains to be ‘good’ based on SWS’ classification Patty Pasion Published 12:54 PM, May 11, 2017 Updated 1:03 PM, May 11, 2017 DECLINE. Trust ratings for Vice President Leni Robredo slid down by 15 points based on the lates survey by the Social Weather Stations. Photo by Ben Nabong/Rappler MANILA, Philippines – The trust rating for Vice President Leni Robredo remains […]

A professor at the American University of Sharjah (AUS) is set to begin an epic 5,400km run across the United States. Dr Nicholas Ashill, Professor of Marketing, is tackling the three-month journey to inspire people to dream big and to help families suffering from pulmonary fibrosis, state news agency WAM reported. The New Zealander, who is the Chalhoub Chair of Luxury Brand Management at the School of […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks rose early on Thursday, getting a lift from a record high close on MSCI’s global stocks benchmark after strong gains in oil prices buoyed energy stocks globally. Oil prices held on to 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in U.S. inventories and support from Iraq and Algeria for an extension […]

Xped executive chairman Athan Lekkas (Image: Supplied) Australian Securities Exchange-listed Internet of Things (IoT) company Xped has announced that it is purchasing fellow Adelaide-based artificial intelligence (AI) company Jemsoft for AU$200,000 in cash and 50 million Xped shares. The total value of the deal comes to AU$900,000, with Xped shares priced at 14 cents per share. In addition to acquiring all of Jemsoft’s intellectual property — including […]

Last Friday, The Denver Post reported it was considering relocating the newsroom from its downtown Denver home to one in nearby Adams County, where the Post’s printing facility is located. On Tuesday, Michael Roberts reported for Westword that the decision has already been made. Publisher Mac Tully confirmed the news in a statement, noting that they plan to keep some kind of office space downtown: I can […]

Sultan bin Sulayem: The vision of Mohammed bin Rashid has turned innovative ideas into distinctive and brilliant achievements Go Global! This year Ideas Arabia gives winners of 2 categories – Executive Leadership & Idea of the Year, a unique opportunity to compete globally in ‘The Global Award’ taking place in 2018. Leaders and experts came together to meet for the two-day conference to support the […]

Abu Dhabi National Exhibitions Company (ADNEC) announced on Wednesday that the value of its contribution to the economy of Abu Dhabi reached AED1.12 billion ($300 million) in the first quarter of 2017, up eight percent on targets. In Q1, ADNEC said it hosted 12 exhibitions, and 108 conferences and events that attracted more than 302,000 visitors to its venues in Abu Dhabi and Al Ain. During the […]

Health insurer Aetna Inc said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska – the two remaining states where it had offered the plans. Aetna had previously announced plans to exit the individual commercial market in Virginia and Iowa. It has now “completely exited the exchanges,” the company said in an emailed statement. Republicans in the U.S. House of Representatives […]

Snap fell short of Wall Street’s expectations in its first quarterly results as a public company, sending its shares tumbling by almost a quarter in value in after-hours trading to hit a new low. The maker of the Snapchat app reported revenue growth of 286 per cent to $149.6m but analysts had been expecting almost $10m more than that. Losses were also wider than forecasts. Daily active […]

Dubai-based Majid Al Futtaim will open its largest mall in the Northern Emirates – City Centre Al Zahia in Sharjah – by 2020. The mall operator, which will increase its investment in the UAE by $8.17 billion (AED30bn) to $13.08bn (AED48bn) by 2026, will invest $708 million (AED2.6 billion) in developing the new city centre. The super-regional mall will have a gross leasable area of 136,200 square […]

Jonathan Hunt, Vox Media’s former vice president of international operations, has left the digital news publisher for a job leading National Geographic’s audience development and digital strategy. Hunt’s hire is part of an expansion of National Geographic’s digital team. Also new at National Geographic will be Marcus East, formerly the digital director at retail company Marks and Spencer, who will be executive vice president of product and […]

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