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Stock photo SoftBank, Sprint, and TBCASoft have revealed plans to create new solutions which introduce blockchain technology into the telecommunications industry. On Friday, the companies announced their intentions to “aim” for a technology partnership which will jointly develop blockchain technology for telecommunication carriers. In a press release, the firms explained that the heart of the research and development of a new blockchain solution relies on TBCASoft, which […]

Alphabet contends that a manager at its autonomous car subsidiary Waymo took technical data with him when he left to launch a competing venture that went on to become Otto, Uber’s self-driving vehicle unit The race to develop self-driving vehicles took a new turn on Thursday when Google’s parent company Alphabet filed a lawsuit against Uber, accusing it of stealing technology. Alphabet contends that a manager at […]

Fotowatio Renewable Ventures (FRV), a developer of large-scale solar power plants and part of Saudi-based Abdul Latif Jameel Energy, has signed a power purchase agreement for the Lilyvale Solar Farm in Queensland, Australia. The deal with Ergon Energy, the Queensland Government-owned electricity retailer, will see Ergon Energy purchase 100 percent of the electricity and all large scale renewable energy certificates (LRECs) generated by FRV’s 100MW Lilyvale Solar […]

TOKYO Asian shares took a breather on Friday, slipping from 1-1/2-year highs as material shares were hit by sudden falls in copper and other commodity prices while investors assessed Washington’s stance on tax and currency policies. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.5 percent, giving back part of this week’s gains, though it is likely to log its fifth straight weekly advance. […]

Should we try to time the market? And has the boom in passive investments brought any problems in its wake? The problems are linked and urgent. The move from traditional actively managed funds to passive indexed funds, which aim merely to track and index and reduce costs, continues to intensify. Meanwhile, if ever there was a point when it might seem right to time the market, and […]

Tesla Tesla has revealed plans to construct a total of five Gigafactories to cater to increased solar panel and electric vehicle (EV) battery demands. In a letter to shareholders (.PDF), the EV manufacturer, founded by entrepreneur Elon Musk, Tesla said the company plans to finalize the locations for at least two more Gigafactories, if not three. “Later this year, we expect to finalize locations for Gigafactories 3, […]

So much for sticking “nuclear weapons” in carriers’ dumb pipes. Shine, last year’s enfant terrible of mobile ad blocking is pivoting (again!) — in both tone of voice and business model. It’s also rebranding to, er, Rainbow. So, to keep tabs, since 2011 this Disrupt startup battlefield alum has moved from trying to sell mobile antivirus (Shine Security), to threatening network-level mobile ad blocking (Shine Technologies), to — its latest pivot — […]

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Oscar-winning actor Al Pacino is set to visit Saudi Arabia on May 11-12 as part of the General Entertainment Authority schedule for 2017, which aims to boost the kingdom’s entertainment and film sector. The event titled “An Evening with Pacino,” will take place in Riyadh and then Dammam. It will see Pacino share rare backstage stories and inner workings of his personal projects with a live audience […]

The Reserve Bank of Australia (RBA) has confirmed that its new payments platform rollout is on schedule to begin before the end of the year. Addressing the House of Representatives Standing Committee on Economics on Friday, RBA Governor Philip Lowe said his organisation’s work on building the infrastructure behind the new payments platform is on schedule and currently undergoing industry testing. “Developments look on track to allow […]

SEOUL Two senior Samsung Group [SAGR.UL] executives have offered to resign to take responsibility for the conglomerate’s involvement in the graft scandal involving South Korean President Park Geun-hye, Yonhap news agency said on Friday, without citing sources. The report said Vice Chairman Choi Gee-sung and President Chang Choong-gi have offered to resign. Both executives were identified as suspects by the South Korean special prosecution in a graft […]

Senator Leila de Lima insisted she was innocent of the drug trafficking charges that could see her jailed for life. The highest-profile critic of Philippine President Rodrigo Duterte’s brutal drug war was arrested on Friday on charges supporters said were meant to silence her, but she vowed to keep campaigning against killings and “repression”. In comments to journalists moments before police detained her following an […]

We may be about to witness the extinction of a very rare bird indeed: the $1m Monaco home. Savills agent Irene Luke hasn’t seen one on her books for several years. “We’re selling a parking space for €190,000,” she says, “so you’re not going to get very much for a million dollars.” Luke taps at a computer, trawling through all sorts of listings the public doesn’t have […]

February 24th, 2017, Dubai, UAE  International leadership coaches Dr. Marshall Goldsmith, Kate Sweetman and happiness expert Alexander Kjerulf will be among key speakers at the 12th Human Capital Forum MENA. The forum will gather HR professionals from the MENA region to discuss their latest challenges including change management, employee engagement, training & development and maintaining a high-performing workforce in a tough economic climate. The forum is taking […]

Hotels in the UAE saw revenue and room rates drop during January but occupancy levels were boosted by strong performance in the smaller emirates of Fujairah, Ras Al Khaimah and Sharjah, according to latest data from analysts STR. Average daily rates (ADR) across the UAE hospitality market fell by 8 percent last month to AED711.80 while revenue per available room (RevPAR) decreased by 7.5 percent to AED577.09, […]

TOKYO Toshiba Corp (6502.T) said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering filing for Chapter 11 bankruptcy protection. The Nikkei business daily reported earlier that a Chapter 11 filing was one of the options that Toshiba was considering. (Reporting by Makiko Yamazaki; Editing by Clara Ferreira Marques) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one […]

That leaves many governments invested in vague hopes that such a settlement, however rickety or superficial, will somehow stop the metastasis of the Syrian crisis and ease fears of Islamic State terrorism — often conflated with concerns about ordinary Syrian refugees — that have fueled the rise of right-wing politicians. Photo Syrian refugees live in makeshift tent settlements in Lebanon’s Bekaa Valley. Credit Diego Ibarra Sanchez for […]

A body set up by the Saudi-led coalition to investigate civilian casualties in Yemen said on Thursday a technical fault was responsible for the death of seven people in a 2015 air strike but cleared the alliance of other attacks. Saudi Arabia and its allies in a mostly Gulf Arab military coalition have been bombing the Iran-aligned Houthi movement since they seized much of northern Yemen in […]

Dubai, United Arab Emirates, February 23, 2017-( ME NewsWire) Sustainability reporters across the globe have been using the GRI Guidelines for the past 15 years. GRI reports have been published from more than 90 countries around the world, with thousands of organisations referencing the guidelines to create the leading framework for sustainability reporting. The Guidelines are specifically referenced in policy or regulation in more than 40 countries […]

AirMap has raised $26 million in a Series B round led by Microsoft Ventures. The investment arms of Airbus, Qualcomm, Rakuten, Sony, and Yuneec also contributed to the round, as well as existing investors General Catalyst and Lux Capital. The latest round brings the total amount raised by the Santa Monica, California-based startup to $43.6 million. The Internet of Things 10 types of enterprise deployments As businesses […]

British boxer Amir Khan and Filipino legend Manny Pacquiao are on course to fight in the UAE. Khan said on Twitter that his team is in talks with Pacquiao to be the WBO world welterweight champion’s next title challenger. Pacquaio, a six-weight world champion said on the social media platform that his next fight will be in the UAE, adding: “My team and I are in negotiations […]

Hewlett Packard Enterprise Co, the corporate hardware and enterprise software business of Hewlett-Packard Co, reported lower-than-expected quarterly revenue and cut its full-year profit forecast. The company’s shares were down 5.6 percent at $23.22 in after-market trading on Thursday. HPE said it expected full-year adjusted profit of between $1.88-$1.98 per share, down from $2-$2.10 it forecast earlier. Analysts on average were expecting a profit of $2.05 per share, […]

There was so much weaponry inside that visitors got searched not just on the way in, but also on the way out. Continue reading the main story The exhibition served to promote Abu Dhabi, the capital of the United Arab Emirates, which has distinguished itself as a regional hub for international business at a time when wars and uprisings have upended other Arab states. It also provided […]

Hewlett-Packard Enterprise is taking a hit after hours after the company revealed first-quarter revenue that’s well below Wall Street estimates. The Internet of Things 10 types of enterprise deployments As businesses continue to experiment with the Internet of Things, interesting use cases are emerging. Here are some of the most common ways IoT is deployed in the enterprise. The company reported first quarter net income of $267 […]

By David Shepardson and Ginger Gibson | WASHINGTON WASHINGTON President Donald Trump told about two dozen chief executives of major U.S. companies on Thursday he plans to bring millions of jobs back to the United States, but offered no specific plan on how to reverse a decades-long decline in factory jobs. In his first month in office, Trump has pressured a number of U.S. companies to hire […]

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