Joo Kim Tiah, the son of one of Malaysia’s wealthiest tycoons, sat on stage in the summer of 2013 as his new business partner announced their plans for a C$360m luxury condominium-hotel project on Vancouver’s most prestigious downtown thoroughfare. With characteristic salesmanship, Donald Trump bragged that the 63-storey glass tower on West Georgia Street would be “one of the great buildings, not only in Canada and the […]
For the tattered Rashidiya neighborhood here, the recent battle never ended. It just shifted course along the river. Rashidiya was the last district in eastern Mosul declared liberated in late January, but army officers say Islamic State sleeper cells remain entrenched. Continue reading the main story And those are not the only troubles here. Even as American-backed Iraqi forces prepare an offensive against the Islamic State stronghold […]
The Mohammed bin Rashid Space Centre (MBRSC) and the American University of Sharjah (AUS) have announced the successful launch of Nayif-1, the UAE’s first nanosatellite launched into outer space. Nayif-1 is an educational project launched by MBRSC in cooperation with AUS with the goal of providing hands-on experience to Emirati engineering students on designing, building, testing and operating nanosatellites, a statement said. Sheikh Hamdan bin Mohammed bin […]
Getty Images/iStockphoto What impact will artificial intelligence (AI) have on the workforce? Will smart machines really replace a large number of people in a variety of jobs? 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. These questions […]
Nearly 15 percent of all buildings in Dubai do not comply with approved planning and construction regulations, according to Dubai Municipality. The authority said during 2016, its buildings department received 3,375 complaints from the public about properties that violated planning rules, adding that more than 85 percent of buildings complied with regulations. Inspectors issued 15,895 notices to buildings in violation last year resulting in the preparation of […]
By David Shepardson and Jessica Toonkel Verizon Communications Inc (VZ.N) is close to a revised deal to buy Yahoo Inc’s (YHOO.O) core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Since last year, Verizon had been trying to persuade Yahoo to amend the terms of the acquisition agreement to reflect […]
After two days of questioning, Ramon Fonseca Mora and Jurgen Mossack were detained by prosecutors in Panama on 9 February. The pair have been denied bail as they have been deemed flight risks. They are being held as part of a probe into corruption and bribery allegations involving Brazilian construction group Odebrecht, which has admitted paying $1bn (£800m, €943m) in bribes to obtain contracts in 12 […]
Fox News host Tucker Carlson had Erik Wemple on his show Tuesday night and attempted to paint The Washington Post media columnist as a hypocrite for covering the media’s white-gloved treatment of Russia while neglecting to examine “Russia Behind the Headlines,” a pro-Russia advertising insert syndicated by The Post. During the exchange, which lasted for 10 minutes, Carlson also accused Wemple of going easy on The Washington […]
Wednesday 14:30 GMT Overview Global equities were on track to close at all-time highs as Wall Street hovers near record levels in the wake of comments from Federal Reserve chair Janet Yellen. And Ms Yellen’s more hawkish than forecast rhetoric has been backed up on Wednesday by stronger than expected US retail sales and inflation data that are pushing up the dollar and bond yields, while leaving […]
Munich mayor Dieter Reiter: “Employees are not satisfied with our IT. More than half are not happy.” Image: ZDNet/Munich City Council Munich’s city council has resolved to draw up a plan for abandoning LiMux, a Linux distribution created especially for its use, which the mayor wants ditched in favor of Microsoft’s Windows 10 by the end of 2020. Despite heavy criticism from opposition parties, the city’s governing […]
The emirate of Abu Dhabi is in no rush to issue an international bond this year after completing a non-deal roadshow for investors in Asia, and may not issue at all this year, sources close to the matter said on Wednesday. Government representatives met Asian fixed income investors at the end of January, but “the non-deal roadshow was just that: a non-deal roadshow. They won’t issue this […]
WASHINGTON Feb 15 U.S. consumer prices recorded their biggest increase in nearly four years in January as households paid more for gasoline and other goods, suggesting inflation pressures could be picking up. The Labor Department said on Wednesday its Consumer Price Index jumped 0.6 percent last month after gaining 0.3 percent in December. January’s increase in the CPI was the largest since February 2013. In the 12 […]
The chief executive of General Motors has flown to Germany as the US carmaker seeks to assuage concerns from local managers and unions about job losses amid talks to sell the carmaker’s ailing European business to French rival PSA Peugeot Citroën. Mary Barra and key lieutenant Dan Ammann arrived at Opel’s headquarters, GM’s subsidiary, on Tuesday morning, while PSA chief executive Carlos Tavares is pushing to meet […]
Over the years, Vigliotti, who is 63, gradually evolved from a hauler of waste to a producer of fine fertilizers. And so he was well positioned when New York City contracted last year with six companies to transform the food waste it currently collects from the curbsides of almost a million residents. Four of those companies will send their scraps to traditional compost facilities. A fifth will […]
Painting a relatively optimistic economic picture during Congressional testimony this week, Janet Yellen confirmed the Federal Reserve would raise interest rates gradually. It was clear in the sessions, though, that other factors would soon weigh on interest rates and markets. Fiscal policy could make the Fed more hawkish. Yet the political agenda of financial deregulation, coupled with President Donald Trump’s choices for several vacancies on the Fed’s […]
National Real Estate Company (NREC), a Kuwait-based developer with projects exceeding $1 billion in Egypt and the UAE, has signed an agreement for a $101.5 million loan. The developer of Abu Dhabi’s upcoming Reem Mall said in a statement that it has signed the five year convertible loan with Agility Investment Holding Limited, a subsidiary of Kuwait-based logistics firm Agility. The loan facility has the option of […]
Quick, name five tech websites. Give up? There’s Recode, The Verge, Tech Crunch, Select All and Ars Technica. A glance at Techmeme, the aggregator for Silicon Valley obsessives, shows at least 100 more. With all the competition for attention on the internet, building new brands around well-loved can be a tough slog. But NBC News is foraging ahead anyway, putting new verticals on technology, wellness and ideas […]
LONDON Britain has contacted the president of General Motors (GM.N) to express concerns after the American firm opened talks to sell its European operations, including the Vauxhall plants in England, to France’s PSA Group (PEUP.PA). Britain’s Department for Business said the government remained in close contact with GM and was monitoring the situation after the two companies said on Tuesday that they were in talks over a […]
A farewell is in order for Comcast‘s Xfinity TV app. The Comcast has officially announced that it’s going to replace that app with a new one, dubbed Xfinity Stream, which rolls out to all Xfinity TV subscribers Feb. 28. Comcast Scarps Xfinity TV In Favor Of Stream Comcast announced the successor after spending years fine-tuning the original Xfinity TV App. While that app wasn’t that terrible, the […]
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The four-star flagship hotel caters to the market with affordable package deals for all International explorers 15 February 2017 Dubai, UAE – In direct response to the demand from travellers’, Somewhere Hotels, one of Dubai’s most stylish mid-market hotel brands, recently opened the doors to its new 301-room hotel at the renowned and convenient location ‘Barsha Heights’, previously known as Tecom. Making this the second hotel opening […]
Dubai’s Emaar Properties intends to reopen its landmark Address Downtown hotel by the end of the year, some two years after the skyscraper was gutted by fire following an electrical fault, its chairman told Al-Arabiya TV on Tuesday. Mohammed Alabbar was speaking after the developer reported a 56 percent rise in fourth-quarter net profits, boosted by higher revenue from property developments as well as the performance of […]
TOKYO Toyota Motor Corp (7203.T) said on Wednesday it was recalling all of the roughly 2,800 zero-emission Mirai cars on the road due to problems with the output voltage generated by their fuel cell system. Toyota said that under unique driving conditions, such as if the accelerator pedal is depressed to the wide open throttle position after driving on a long descent while using cruise control, there […]
Facebook‘s next target platform is everyone’s TVs, after staking a firm foothold in both desktop and mobile spaces. Yes, the world’s largest social networking site is pushing to inch its presence toward a platform it postdates, which is odd, if slightly amusing. Facebook Arrives On Your TV The company said on Tuesday it has built a connected video app for TVs, promising that the new app will […]
