MOSCOW — It’s 2017, and the new Cold War is in full swing. The West is winning, for now. U.S. sanctions have impoverished Russia. But the two sides are poised at a critical juncture. The Russians have come up with new technology to drill for gas that could send their economy skyrocketing again, putting the West on the back foot. And so, the CIA sends President Donald […]
By Silke Koltrowitz | BASEL, Switzerland BASEL, Switzerland Swiss watchmakers expect the market to stay challenging this year with the United States, their second-biggest market, showing no signs of recovering, executives told Reuters at an industry fair in Basel. Swiss watchmakers are grappling with declining sales in their biggest markets — Hong Kong and the United States — and have been hit by tourist shoppers avoiding Europe […]
UK aviation authorities asked Dubai to introduce extra security checks to avoid it possibly being placed on the banned list, according to Paul Griffiths, CEO of Dubai Airport. The US announced on Tuesday new restrictions on flights from airports in eight Muslim-majority countries, including the UAE, affecting Emirates and Etihad. The restrictions apply to any device larger than a mobile phone, according to US officials, such as […]
Investors rushed to participate in Volkswagen’s return to European bond markets on Thursday, with the German carmaker’s first benchmark issue following the emissions scandal attracting huge demand. The €8bn euro-denominated bond attracted €24bn of orders by late afternoon, when books were closed ahead of final pricing. Bankers said the deal was launched with a spread 15 basis points tighter than initial indications. “There was a lot of […]
Intel has put its artificial intelligence efforts under one group led by Naveen Rao, former CEO of Nervana, which was acquired by the chip giant. special feature How to Implement AI and Machine Learning The next wave of IT innovation will be powered by artificial intelligence and machine learning. We look at the ways companies can take advantage of it and how to get started. The company […]
One of the brightest lights in local journalism suffered a setback late last year when Raleigh Agenda, the sister site of Charlotte Agenda, closed its doors after failing to find a sustainable business model. But the closure of the site didn’t prevent the parent company from banking a comfortable profit in 2016, said Ted Williams, Charlotte Agenda’s cofounder and publisher. The company brought in about $875,000 in […]
Saudi Arabia executed two convicted drug traffickers on Thursday, bringing the number of prisoners killed in the kingdom to 20 so far this year. The state-run SPA news agency named the two men as Saudi Arabian national Nasser Harshan and Pakistani national Namtallah Khasta Qul. Both were put to death on Thursday after being convicted of drug trafficking in the conservative kingdom. SPA said Harshan was a […]
By Lisa Richwine | LOS ANGELES LOS ANGELES Walt Disney Co (DIS.N) said on Thursday its board extended Chairman and Chief Executive Officer Bob Iger’s term by a year to July 2, 2019 and said he would serve as a consultant to the media giant for three years after that. This is the third time Iger’s contract has been extended. Iger first said he would retire in […]
AL AIN // The country’s oldest university must change if it is to keep up with the economy, academics say. UAE University in Al Ain climbed from the 101-to-110 bracket in the Times Higher Education Asia rankings last year to 83 this year, but vice chancellor Professor Mohammed Albaili said this was “not sufficient for the UAE, so we have to work together to advance the university”. […]
Predicting and acting upon financial fraud is one of the prime areas of application of advanced big data techniques like machine learning (ML). Earlier this week, a case of money laundering known as the Laundromat was uncovered by the Organized Crime and Corruption Reporting Project (OCCRP) involving a number of global banks active in the UK. Could ML help prevent such incidents? What progress is there on […]
New York Times Duterte will mark 72nd birthday as usual – simplyMalayaPRESIDENT Duterte will celebrate his 72nd birthday on March 28 the way he had celebrated it in the past – with a simple celebration – even if he is already the country’s chief executive. Speaking on his arrival from Thailand, the President said he and …Duterte ally demands apology from New York TimesInquirer.netPhilippines’ Duterte reignites martial […]
Emirates said on Thursday that it expects high passenger traffic on its flights this weekend as travellers head abroad for spring and holiday break. More than 89,000 travellers will be passing through Emirates Terminal 3 this weekend, according to latest booking figures. The busiest day for the airline is expected to be on Friday when over 34,500 passengers will pass through Terminal 3, Emirates said in a […]
The company committed to deliver more than 45,000 training hours for Ghanaian personnel over the next five years, as it seeks to build a world-class team locally TAKORADI, Ghana, March 22, 2017/ — Takoradi service facility underlines GE’s commitment to bring global expertise and build local capabilities in Africa. Investment to include training of Ghanaian workforce and partnerships with educational institutions. New facility will directly support Eni’s […]
PARIS Anglo American’s (AAL.L) diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH (LVMH.PA) in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation. Analysts said the joint venture no longer fitted LVMH’s strategy, while Anglo American, which has long dominated global rough diamond sales, has been developing its presence on the high-margin […]
Etihad Airways has yet another nanny flying with the UAE national carrier. Etihad announced the graduation of its 2,000th Flying Nanny, continuing its relationship with Norland, the respected UK-based higher education college which specialises in early years education. This Norland-approved training ensures that Etihad’s cabin crew members who transfer to become Flying Nannies, can combine their service and hospitality expertise with an appreciation of the childcare skills […]
Fans of “Shark Tank” might recall a recent episode in which a startup company called Sand Cloud won a deal with shark Robert Herjavec. The company’s business success to date–which helped it land the deal on the show–stems largely from how its technology strategy aligns with its target audience of millennials, according to co-founder Brandon Leibel. “Embracing technology helped us to grow enough to get on Shark […]
UAE, March 23, 2017 – Drake & Scull International PJSC (“DSI” or the “Company”), a regional engineering and services leader, signed today the sale deal of its ownership share in the ONE PALM development in Dubai. The ONE PALM development, a joint venture project between Omniyat Properties and DSI, was launched in 2014. The flagship project is located on the left trunk of Palm Jumeirah and is […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production. Brent crude futures, the international benchmark for oil, were at $50.82 per barrel at 0807 GMT, up 18 cents, or 0.4 percent, from their last close. That came […]
The legendary Breitling DC-3 aeroplane has landed in Dubai as part of its record-breaking world tour. This historic aircraft, which is aiming to become the oldest plane to circumnavigate the globe, arrived at Jetex FBO Terminal, Dubai World Central on Tuesday (21st March) ahead of the next leg of the trip which will take it to Karachi, Pakistan. Having crossed the Gulf from Qatar, flying low over […]
The New South Wales government has announced the appointment of Dr Maria Milosavljevic as the state’s inaugural government chief information security officer (GCISO). Milosavljevic will leave her current role as the chief innovation officer and chief information security officer at AUSTRAC — Australia’s financial intelligence agency — to take up the new gig with the NSW government, where she will work with industry, all levels of government, […]
DUBAI A ban on most carry-on electronics on flights to the United States will not significantly affect passenger numbers at Dubai International, where flights depart to 12 U.S. cities daily, the airport’s chief executive said on Thursday. The U.S. announced on Tuesday new restrictions on flights from airports in eight Muslim-majority countries, including the United Arab Emirates, affecting international airline Emirates which flies from Dubai. The restrictions […]
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The UAE will continue to experience unsettled weather over the weekend, according to the National Centre of Meteorology and Seismology (NCMS). The national weather forecaster said while the weather will mostly stable on Wednesday, the rain is likely to return on Thursday and continue on over the weekend, until Monday. It said the cloud will increase over the weekend, which is likely bring scattered rain over the […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks, taking some cues from a steady Wall Street, edged up on Thursday while the path for the dollar, which crawled up from a four-month low, remained clouded by concerns about the prospects for U.S. President Donald Trump’s pro-growth agenda. Sterling GBP=D3 was steady at $1.2483 following a decline of as much as 0.4 percent on Wednesday, after an attack […]
