The emirate of Dubai is expected to issue a US dollar bond by the end of the first quarter, though it has not yet sent to banks any official requests for proposals to arrange the issue, banking sources familiar with the matter said on Thursday. Banks that had lead managers’ roles on Dubai’s previous debt issues have pitched for a new mandate, added one of the sources, […]
SHANGHAI A court in Shanghai jailed a man for eight years on Friday after he set off an explosive device last year at the city’s Pudong International Airport, injuring at least three travellers and delaying flights. In a brief statement, the court said that Zhou Xingbo set off the device because his “life was not smooth” and so he took extreme measures to “vent his spleen”, injuring […]
SHANGHAI China’s Juneyao Airlines (603885.SS) has finalised a $1.32 billion order for five Boeing (BA.N) 787-9 dreamliners, part of a plan for new routes to North America, Europe and Australia over the next four years. The order represents the airline’s first Boeing order and its first for widebody aircraft, the companies said in a statement issued late on Thursday. Juneyao said last month was planning on five […]
Sprint refuses to be left in the dust when it comes to all the new unlimited plan news. Getting in on the action, the carrier announced new improvements to its unlimited plan on Thursday in hopes to attract new customers. Calling it the “Best HD Plan Ever,” the new Sprint deal that will be available starting Friday includes unlimited talk, text and data, and HD video streaming […]
Samsung’s heir apparent Lee Jae-yong has been arrested for bribery, embezzlement and perjury in connection with a massive corruption scandal, in a huge setback for South Korea’s largest conglomerate that could hinder its succession and restructuring plans. The 48-year-old de factor leader of Samsung is the highest-profile business figure engulfed by the influence-peddling scandal that is poised to topple President Park Geun-hye. The arrest of Samsung’s chief […]
Europe’s fish lovers are facing higher cod prices because of a prolonged fishing strike in Iceland and increased demand after the rising cost of salmon led shoppers to seek alternatives. Norwegian cod prices have risen almost 30 per cent from a year ago to €2 a kilogramme after a 45 per cent rise in salmon prices over the same period led consumers to look for cheaper substitutes. […]
Saudi Arabia has broken up four ISIL cells suspected of providing shelter to wanted militants and recruiting fighters, the Interior Ministry said on Thursday, according to Saudi state television. Automatic weapons were seized from the four cells, which comprised 15 Saudis, two Yemenis and a Sudanese man, the ministry’s statement said. Security forces also seized more than 2 million riyals ($530,000) in cash. Among those helped to […]
Have you heard? Unlimited data plans are making a comeback! 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. This week’s trend was kicked off by Verizon announcing the return of its unlimited price plan, as an answer […]
Facebook CEO Mark Zuckerberg emphasized the importance of a “strong news industry” in his 5,000-plus word manifesto published this afternoon. Calling the news “critical to building an informed community,” Zuckerberg said Facebook will do more “to make sure this vital social function is sustainable.” “…From growing local news, to developing formats best suited to mobile devices, to improving the range of business models news organizations rely on,” […]
NEW YORK The S&P 500 dipped on Thursday, weighed down by the energy sector and financials, which snapped a five-session winning streak. The Dow Jones Industrial Average .DJI rose 8.18 points, or 0.04 percent, to close at 20,620.04, the S&P 500 .SPX lost 2.02 points, or 0.09 percent, to 2,347.23 and the Nasdaq Composite .IXIC dropped 4.54 points, or 0.08 percent, to 5,814.90. (Reporting by Noel Randewich; […]
A $125 billion Abu Dhabi state investment firm, formed by merging two of the emirate’s biggest funds, is expected to start operating in May, its chief executive said on Thursday. Mubadala Investment Co is being formed through a merger of Mubadala Development Co and International Petroleum Investment Co, which own corporate stakes in the energy industry and other sectors in the United Arab Emirates and around the […]
Sen. Antonio Trillanes IV press briefing at the Senate regarding Pres. Rodrigo Duterte bank accounts.INQUIRER PHOTO/LYN RILLON The common-law wife of President Duterte, Cielito “Honeylet” Salvador Avanceña, had almost P200 million in bank transactions in Davao City between 2004 and 2009, according to Sen. Antonio Trillanes IV, who vowed on Thursday to resign as senator if he was proven wrong. Citing a new set of documents, Trillanes […]
The Premier League’s most high-profile referee Mark Clattenburg is quitting to take up a position in Saudi Arabia, the Professional Game Match Officials Limited (PGMOL) said on Thursday. “The PGMOL would like to wish Mark Clattenburg well as he prepares for his move to the Saudi Arabian Football Federation,” it said in a statement. British media reported that Clattenburg will replace Howard Webb, another former Premier League […]
By Mike Stone | WASHINGTON WASHINGTON The cost of Lockheed Martin Corp’s stealthy F-35 jet could fall 16 percent to around $80 million in future purchases, according to the Department of Defense’s head of the program. In February, the Pentagon agreed to a deal for the tenth batch of the fighter aircraft at below $95 million per jet for the first time, compared with $102 million in […]
Tinder could be launching a Stories feature, and we’re not talking about a place where users reveal the most bizarre conversations they’ve had on the platform. Instead, there is a really strong possibility that the dating app adds some form of a video feature. Tinder announced on Wednesday it acquired the startup Wheel, the L.A.-based company that has developed a social network app where users share “video […]
Containers are great, having to re-invent persistence to use them, not so much. But that is changing. You’re not the only one concerned about container persistence: 82 percent of respondents in a recent survey said they’d deploy containers within two years if storage challenges could be resolved. That is a legitimate concern, as containers can offer great versatility and efficiency compared to virtualization, but being forced to […]
SMEs are going to dominate the renewables space, especially in emerging markets, such as the GCC, with the private sector playing a key role in driving adoption. UAE SMEs driving adoption and growth of the renewables sector The UAE’s cleantech industry is today buzzing with several start-ups and medium sized firms investing huge amounts of time and resources to identify better, more efficient and sustainable ways to […]
The alerts are designed to warn people about impending severe weather events such as flooding. Image: IBM Research scientists are building a new form of networking technology designed to provide billions of people with potentially lifesaving weather alerts, even if they don’t have internet connectivity. Developed by IBM Research and The Weather Company, Mesh Network Alerts is a peer-to-peer mesh networking technology that allows Android devices to […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Imagine the reporters who must cover daily a bombastic New Yorker who has inherited a fortune, exudes a sense of entitlement, disdains much of the press, trafficks in half-truths, has overseen properties in huge disrepair, routinely overrules underlings, disdains public […]
WASHINGTON – U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month’s data and a jump in permits to a one-year high suggested the housing recovery remained on track. Housing starts declined 2.6 percent to a seasonally adjusted annual rate of 1.25 million units, the Commerce Department said on Thursday. December’s starts were revised up to a […]
Now money from the tag auction goes to the general big-game budget of about $10 million, according to Regina Abella, California’s desert bighorn sheep coordinator. That makes it harder to discern exactly how and where the $223,250 will be spent. But no other game tags come close to creating the kind of revenues that the sheep tag does, Abella said. The elk tag might attract $30,000. Continue […]
In 2017 and beyond, consumers will finally start to benefit from some of the innovations that have been evolving over the past year, from 3D prosthetics to customised insurance packages. Many of these trends will be cemented in our routine lives over the next couple of years. Innovative insurance A new era has dawned on the UAE’s insurance industry since the rollout of the Dubai Health Authority’s […]
VIENNA Austria filed a lawsuit on Thursday against Airbus (AIR.PA) and the Eurofighter consortium, alleging them of wilful deception and fraud linked to a 2 billion euro ($2.1 billion) order for Eurofighter jets in 2003, the defense ministry said. A recently completed ministry investigation found that Airbus and Eurofighter (BAES.L) (LDOF.MI), with fraudulent intent, misled Austria about the purchase price, the deliverability and the equipment of the […]
Record sales of non-performing loans are expected in Europe this year with a more urgent approach from policymakers driving increased activity, according to Deloitte. As much as €200bn of debt could be sold during 2017, almost double last year’s total of just over €100bn of sales, said the professional services group, which advises banks and investors on NPL transactions. Europe’s banking sector is weighed down by more […]
