Pre-results jitters put Pearson among Monday’s sharpest fallers. Ahead of its full-year figures due Friday, Pearson faded 3.9 per cent to 642.5p. Since a profit warning in late January, the textbook publisher had rallied as much as 17 per cent amid hopes of another round of cost-cutting. But Pearson has already spent £610m on restructuring since 2013, to net cumulative savings of just £586m even before reinvestment, […]
Travis Kalanick has it all worked out. Just ask him. He sees the future, and what it looks like is pretty different from what most people experience every day. Not surprisingly, it all starts with Uber. With a ride-sharing system, says the 40-year-old bachelor and CEO of the transportation company that has gained global notoriety, one car can be shared by 30 people. “The cost of that […]
Microsoft may have decided to nix its HoloLens 2 headset which was expected to debut in early 2017 and decided to go straight to version 3 in 2019. The decision to skip version 2 and go straight to 3 is according to a report on February 19 from Brad Sams on Thurrott.com. Sams cites multiple anonymous sources as saying Microsoft’s next HoloLens release is two years away. […]
By Simon Jessop and Sophie Sassard | LONDON LONDON Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance. The U.S. company, which has yet to make a profit, aims to raise between $19.5 billion and […]
The quaint cobblestone streets of the historic Gastown district of Vancouver belie its status as a fast-growing technology hub. Drawing on links with nearby Seattle, and San Francisco further south, a tech boom in Canada’s third-largest city has pulled in tens of thousands of skilled workers and start-up entrepreneurs in recent years, sparking a fierce fight for the limited supply of office space. Now the commercial centre […]
Photo Russian soldiers patrolling in Aleppo, Syria, this month. A bomb last week brought the number of Russian combat deaths in Syria to 27. Credit Omar Sanadiki/Reuters MOSCOW — Four Russian servicemen were killed and two were wounded in Syria last week when their car was blown up by a remote-controlled bomb, the Russian news agency Interfax reported on Monday, citing a statement by the Defense Ministry […]
As the world’s oil traders descend on London this week, the hot subject will be how to keep North Sea Brent, the benchmark for the global oil price, fit for purpose. S&P Global Platts , the oil pricing agency, is trying to execute the biggest overhaul of North Sea oil trading in a decade, with plans to rejig how prices in the region are set ahead of […]
Partnership will allow partner-drivers to connect with on-demand medical professionals United Arab Emirates, 20 February 2017 Uber, the smartphone app-based technology company, has announced a partnership with Altibbi, an online medical mobile application, to connect Uber partner-drivers with on-demand doctors. The application allows partner-drivers to connect with a selection of certified doctors, and get round-the-clock affordable medical consultations over the phone. This gives partner-drivers access to safe […]
Submitted by Michael Shedlock via MishTalk.com, I am unsure who first came up with the idea of taxing robots, but the proposal has been embraced by academia, socialists, and in general, the radical Left. Today, entrepreneur Bill Gates, founder of Microsoft, endorsed the idea. What does Gates want to do with the money collected? Here’s the answer: Flush it down the toilet. In a Quartz interview, Bill […]
Some of the world’s biggest sovereign wealth funds are increasingly striking their own private equity deals rather than relying on external fund managers, in a drive to cut costs and gain more control. With some $6.5 trillion in assets, sovereign investors already account for 19 percent of capital committed to private equity, according to data from research firm Preqin. But mega-funds such as the Abu Dhabi Investment […]
Salesforce added risk segmenting tools, patient targeting and lead conversion data to its Health Cloud, an effort expand the company’s footprint in an industry that accounts for 17.8 percent of U.S. Gross Domestic product. That statistic, via the Centers for Medicare and Medicaid Services, highlights how Salesforce is going after large verticals. Typically, the company’s offerings have been more horizontal with its Service Cloud, CRM and analytics […]
LONDON The head of Britain’s biggest trade union Unite is likely to meet the CEO of Peugeot (PEUP.PA) on Friday in London to discuss the potential takeover of General Motors’ (GM.N) European operations, a trade union source told Reuters. “It looks like it is happening on Friday morning,” the source said of the meeting between Unite General Secretary Len McCluskey and Peugeot Chief Executive Carlos Tavares. There […]
SHARJAH // A shop has been caught selling pork rind snacks, officials said on social media. Khor Fakkan Municipality investigated after a report came in about the shop, in Sharjah’s eastern region, selling snacks containing pork derivatives. The director of the municipality said on the authority’s Instagram account that the report was received by the public health department. “Inspectors responded to the report and visited the outlet […]
For President Trump, the designation debate is an election promise made good. He has made no bones about taking an approach to the Middle East that is narrowly focused on counterterrorism, and that plays to domestic supporters who view all Islamist movements — or even all Muslims — as potentially hostile. Continue reading the main story In much of the Middle East, though, the rapid pace and […]
An Abu Dhabi transport official has announced that drivers can challenge a parking ticket within 15 days of receiving it. The Integrated Transport Centre (ITC) at the Department of Municipal Affairs and Transport (DMAT) in Abu Dhabi said challenges to any parking tickets issued and be lodged with the Parking Division Grievance Committee (part of Mawaqif), providing the driver does so within at a period of 15 […]
LONDON Shares in Anglo-Dutch consumer goods group Unilever (ULVR.L) (UNc.AS) dropped 8 percent on Monday after U.S. rival Kraft Heinz Co (KHC.O) abruptly ditched its surprise $143 billion merger proposal. Backed by Warren Buffett and the private equity firm 3G, Kraft had wanted to buy Unilever to build a global consumer goods giant but its offer was flatly rejected on Friday by the maker of Lipton tea […]
Two Filipino films are screening at this week’s Glasgow Film Festival, which opened in the Scottish city yesterday (February 15) and will run until February 26. Lav Diaz’s acclaimed film, Ang Babaeng Humayo (The Woman Who Left) will screen as part of the festival’s CineMasters section, which features works by renowned veteran directors from across the globe. Shot in black-and-white, The Woman Who Left won the Golden […]
Lenín Boltaire Moreno is in the lead after Sunday’s nail-biting presidential election in Ecuador. The anointed candidate of leftwing President Rafael Correa was close to the margin needed to avoid a second round against Guillermo Lasso, a conservative former banker, in a test for Latin America’s battered left. After a campaign that underlined the divisive legacy of Mr Correa, the US-trained economist who has been in power […]
Australia and the UAE will explore closer defence ties after a meeting on Sunday between a senior Australian government minister and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan. Australia’s Defence Industry Minister Christopher Pyne and Sheikh Mohammed, who is also Deputy Supreme Commander of the UAE Armed Forces, met on the sidelines of the biennial International Defence Exhibition and Conference (IDEX) in Abu Dhabi. The […]
Chinese technology giant Huawei has opened a narrowband Internet of Things (NB-IoT) lab in Australia to provide research and development opportunities around applications, smart devices, and sensor networks. The lab is situated within James Cook University in Cairns, Queensland, with Huawei kitting it out with IoT technology and giving the university funding for research. Its positioning within northern Australia will see it focus on smart applications for […]
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) on Monday warned the public of bogus calls using its hotline number, 1-300-88-9980, alleged to be from a bank concerning credit card usage. “ABM would like to alert the public that such calls are fraudulent in nature,” the association said, adding that it received enquiries from the public about the phone calls purportedly made using ABMs hotline number. […]
Newly appointed New South Wales Minister for Finance, Services and Property Victor Dominello has said he plans to bring his data-driven expertise to his new portfolio, rewarding government agencies with an “innovation bonus” if they move away from a silo-ridden approach to IT and service delivery. Speaking at the Gartner 2017 APAC Data & Analytics Summit in Sydney on Monday, Dominello said he had his eye on […]
ITP Media Group is hosting the UAE’s first Influencer Marketing Summit this morning at the Grosvenor House Hotel in Dubai Marina, chaired by the BBC broadcaster Andrew Neil. The event will see high profile social media stars such as Joelle Mardinian giving the first keynote speech, while also examining how influencers and brands can work together, and issues of transparency and legislation. (Refresh the page for updates) […]
Key to enhancing and diversifying its service offering in the domestic maritime industry 20 February 2017 Riyadh – Saudi Arabia – Bahri, a global leader in logistics and transportation, has opened a new office in Mumbai to strengthen its presence in the fast-growing Indian maritime industry and lay the foundation to offer diverse shipping services to domestic customers. The new office, located in the central suburb of […]
