By Henning Gloystein | SINGAPORE SINGAPORE Oil prices edged up on Tuesday, driven by anticipation that an OPEC-led pledge to cut production would be extended beyond the first half of the year and into 2018, although overall high supply still weighed on markets. Brent crude futures, the international benchmark for oil prices, were at $49.60 per barrel at 0045 GMT on Tuesday, up 26 cents, or 0.5 […]
There are about 60 such light sources in the world, which have been become increasingly valuable as tools in medicine and engineering. In April, for example, scientists using X-rays from a light source at the SLAC National Accelerator Laboratory in California discovered new details about the structure of proteins that regulate blood pressure, raising the possibility of better treatments for hypertension. Continue reading the main story Sesame, […]
Thanks to a shoutout from John Oliver, the election of President Trump, an insult from White House Press Secretary Sean Spicer and, oh yeah, its journalism, ProPublica is enjoying a pretty good run. Just how good was disclosed on Friday, when the nonprofit investigative outlet put out its quarterly report to stakeholders. The report, which contains updates on ProPublica’s strategy and journalistic output, included a by-the-numbers page […]
Image: Shutterstock / Dan74 By Karissa Bell2017-05-09 00:14:26 UTC Last week, Intel revealed that a serious security flaw in some of its chips left potentially thousands of devices vulnerable to attackers. Then, security researchers revealed the problem was way worse than anyone initially thought as the vulnerability could allow attackers to remotely “hijack” affected machines. It’s still not clear just how many devices are impacted as Intel […]
While the hedge fund world finds itself in a time of crisis, with a “great rotation” of capital away from active management which continues to largely underperform the broader market, and toward cheaper, passive strategies, nothing could spoil the mood at one of the industry’s biggest events held today at the Lincoln Center, the 22nd annual Ira Sohn conference, where a dozen of the hedge fund industry’s […]
Deloitte has announced that it has acquired Strut Digital, a Sydney-based professional and managed services firm, to fill the DevOps gap in its cloud implementation service. Kevin Russo, lead partner in Deloitte’s Technology, Strategy, and Architecture division, told ZDNet that Strut was the next logical acquisition for Deloitte, complementing the purchases of Plenary Networks, Sixtree, and Cloud Solutions Group over the last couple of years. He added […]
Emirates NBD, Dubai’s biggest bank, has announced that it is the first bank in the UAE to process loan or card applications using the Al Etihad Credit Bureau (AECB) Consumer Retail Banking Score. The AECB Consumer Retail Credit Bureau Score is the first scoring system for UAE’s retail banking customers, exclusively developed for risk prediction using historical data on repayment behaviour reported to Al Etihad Credit Bureau. […]
By Shu Zhang and Matthew Miller | BEIJING BEIJING A Chinese government campaign to cut leverage in the banking system and limit some risky activities appears to be working, but it is also pushing borrowers back towards alternative funding sources that carry similar risks to the financial system. First-quarter official data shows banks cut the amount they lent to and borrowed from other financial institutions by 1.4 […]
By Tom Hals and Diane Bartz | WILMINGTON, Del./WASHINGTON WILMINGTON, Del./WASHINGTON Health insurer Anthem Inc (ANTM.N) asked a Delaware judge on Monday to give it more time to try to win approval for a merger with rival Cigna Corp (CI.N), which is seeking to end the deal and collect a $1.85 billion break-up fee. Anthem asked Vice Chancellor Travis Laster of Delaware’s Court of Chancery to grant […]
The Middle East & Africa region is a strategically important growth market for Sony Mobile Xperia XZ Premium, winner of several top industry awards including ‘Best Smartphone at MWC 2017’, leads innovation push Dubai, 08 May 2017 Sony Mobile Communications has shown strong global financial performance by reporting a profit of 10.2 Billion Yen (US$ 91 Million) this year, as per financial results from the company. […]
ABU DHABI // A new pier, arena and waterfront promenade with residential complexes and restaurants are part of a Dh12 billion development plan for Yas Island. Announced on Monday, the plan for the 14 million square foot area on the southern part of the island, near Yas Plaza and Yas Beach, includes the new home for twofour54, the media industry’s free zone that is currently located near […]
Zaha Hadid’s first project in Dubai is a work of art to rival any of the renowned Iraqi-born architect’s award-winning structures, and will add something very different to the city’s burgeoning collection of prestige buildings. In many ways, a visit to Dubai’s Business Bay feels like a trip back to the future – to a city that feels eerily familiar to anyone who can remember the giddy […]
The biannual OpenStack Summit opened with Jonathan Bryce, executive director of the OpenStack Foundation, saying “We’re a inflection point … We are moving into the second generation of the cloud.” And OpenStack is leading the way. What are these generations? The first generation was built on immature technologies that required expert architects, engineers, and developers. Only large technology companies, such as eBay and Yahoo, could implement them. […]
France international Lassana Diarra, who quit Marseille in February, has signed for Al Jazira in the UAE. “I’m joining Al Jazira, champions of the UAE,” the 32-year-old told the Journal du Dimanche newspaper. “I’ll prepare in the United States before doing a pre-season with the squad from June.” Diarra, capped 34 times by France, has also played for Chelsea, Arsenal, Portsmouth and Real Madrid, as well as […]
U.S. broadcaster Sinclair Broadcast Group Inc (SBGI.O) said on Monday it would buy Tribune Media Co (TRCO.N), one of the largest U.S. television station operators, for about $3.9 billion cash and stock, and assume about $2.7 billion in debt. The $43.50 per share offer represents a nearly 8 percent premium to Tribune’s Friday close. Shares of Tribune, which operates 42 television stations in 33 markets, rose 5.2 […]
Nvidia is rolling out a new platform that aims to provide deep learning analytics to video streams produced from smart city applications. Dubbed Metropolis, the platform takes data captured by cameras deployed in government properties, public transit systems, commercial buildings and roadways, and then runs it through AI to help cities monitor video instantaneously. The idea is that cities are inundated with video data and need a […]
CVs with the word “sales” in them are the most likely to be picked up by Middle East recruiters, new research suggests. Recruitment website Bayt.com has revealed the top five keywords employers in the Middle East using to find candidates using its online CV search. The five top words were “sales” – which was searched for more than 170,000 times in 2016 alone – “Manager”, “Engineer”, “Accountant” […]
Dubai: 09th May 2017 Gulf Islamic Investments LLC (GII) successfully completed a Sharia compliant growth capital financing round for Bion Group and further expands its investment portfolio with a foray into the lucrative transportation and logistics industry. Bion Group is ranked #1 heavy haul transportation company by customer base and ranked #4 heavy haul transportation company by trucks fleet size in the UAE and is a well-renowned […]
Cofco, China’s powerful state-controlled grains company, is set to appoint the former chief executive and deputy chair of agricultural trader Louis Dreyfus Company as a non-executive director for its international agricultural trading arm. Serge Schoen, who resigned from the LDC board last year, is poised to become one of Cofco International’s four non-executive directors on the company’s 10-person board. His appointment comes as questions have been raised […]
The oldest and largest pet hotel in Bahrain is now the first kennel to allow points to be collected with its pet loyalty programme. Sear Kennels has created a way to attract a more elite clientele to its doors. It has developed the first and only Pet Loyalty Program of its kind in the GCC. The first batch of customers at the Sear Kennels Pet Hotel and […]
Warren Buffett said on Monday United Airlines made a “terrible mistake” in handling the fallout of a recent incident when a man was forcibly dragged off a United flight, which drew widespread outrage and sparked Congressional hearings. But the billionaire, whose Berkshire Hathaway Inc (BRKa.N) is the largest investor in the carrier’s parent United Continental Holdings Inc (UAL.N), acknowledged on CNBC television that flying has become less […]
Sinclair Broadcast Group, the biggest US local television station owner, has struck an agreement to buy Tribune Media for $43.50 a share, valuing Tribune at about $3.9bn. The transaction is the first big move of an expected consolidation wave in media unleashed by the Federal Communications Commission’s recent decision to effectively loosen a cap on local television station ownership. The rule change has US media companies jostling […]
The most expensive Hermes Birkin bag made, which costs AED500,000 ($136,135), is now on sale in Dubai. Online boutique for pre-owned luxury designer goods TheLuxuryCloset.com is carrying the Hermes Red Porosus Crocodile, which is designed with 18K white gold and diamonds. The Birkin 35 bag, part of the most exclusive and expensive bag collections in the world, was custom made. Birkin handbags are usually sold to top […]
By Nigel Stephenson | LONDON LONDON European stocks and the euro pulled back on Monday from highs touched after Emmanuel Macron’s emphatic but well-flagged victory in France’s presidential election as investors’ focus shifted from politics to monetary policy. With the political risks that have dominated European markets in a year packed with elections seen receding, the European Central Bank is expected to have more room to tighten […]
