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|By Arabian Post Staff| Etihad Aviation Group and Lufthansa German Airlines, part of Europe’s largest aviation group, today unveiled details of a new commercial partnership. The two airline groups have concluded a US $100 million global catering agreement and a Memorandum of Understanding (MoU) to cooperate in aircraft maintenance, repair and overhaul. Addressing a press conference today in Abu Dhabi, the chief executives of both airline groups spelled […]

Passive investors could control over half of US stock and bond markets by 2021, according to Moody’s research — a trend that is illustrated by the strong start to this year for exchange traded funds.  US actively-managed funds faced net outflows last year of $340bn as investors poured $505bn into passive products such as ETFs that track indices, according to data from Morningstar, a research service.  The momentum […]

1 of 13 Looking to go all out this Valentine’s Day? We spotted the UAE’s poshest hotel and dinner packages. If your budget starts at AED1,840 and ends at AED53,888 per couple, keep reading. 2 of 13 Al Wadi Desert Ras Al Khaimah, is offering a Valentine’s Day ‘Desert Love’ package for AED53,888 per night with a private helicopter or AED33,888 with limousine transfers and a bottle […]

Employees select and dispatch items in the huge Amazon ‘fulfilment centre’ warehouse.Image: Getty Images/oli scarff By Patrick Kulp2017-02-03 04:33:17 UTC Amazon just had its best holiday season ever, pulling in the highest quarterly sales in the company’s history and capping off a year in which it tripled profits from the previous one. Wall Street greeted this news with a definitive “meh.” The online shopping behemoth’s stock fell […]

SHANGHAI/BEIJING Listed firms controlled by Tomorrow Holdings, the company run by missing Chinese-born businessman Xiao Jianhua, slumped on Friday, despite the parent group saying its businesses were all operating normally. Mystery swirled around billionaire Xiao’s whereabouts earlier this week, with some reports saying he had been abducted from Hong Kong and taken to mainland China. A statement purportedly from Xiao posted in a Hong Kong newspaper said […]

The Australian Taxation Office (ATO) has suffered another setback to its systems restoration, announcing on Friday afternoon that it is not expecting service availability to its key applications before the weekend. “Due to an unforeseen complexity in the system restoration process, our services are unlikely to be available before close of business today,” the ATO said. “We fully acknowledge the significant impact this is having on our […]

The UAE’s efforts to help eradicate polio in Pakistan “cannot be underestimated” and has played a significant role in the turnaround seen in the country since 2014, according to the World Health Organisation. WHO said in a statement that in 2016, fewer children were paralysed by polio than in any other year globally, and in Pakistan. Despite many challenges faced by the polio programme, Pakistan has made […]

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TOKYO Japanese robotics startup ZMP Inc hopes to list on the Tokyo Stock Exchange in the coming months, after a delay late last year due to client information being leaked on to the internet, the firm’s founder and CEO told Reuters on Friday. Despite the delay in its initial public offering, worth up to $82 million, ZMP remained on track to develop a self-driving taxi in time […]

Uber chief executive Travis Kalanick has quit President Donald Trump’s business advisory council on the eve of its first meeting, after mounting criticism from passengers and drivers angry over the president’s immigration order. The move will raise the stakes for other executives on the council, including leaders from Blackstone, IBM, GE, GM, Disney, Pepsi and Tesla. Several have already voiced concerns about the travel ban but none […]

I recently wrote about an agenda to mitigate the threats of insecure devices on the Internet of Things. One of the requirements expressed in that agenda is “For every product sold, there is a way that security researchers can responsibly disclose vulnerabilities found”. In this post I want to reflect on the issue of responsible disclosure from the perspective of the Collaborative Security approach, how responsible security […]

Microsoft has filed a formal request for an exception to President Donald Trump’s ban on travel into the United States from seven countries, saying visa-holding students and workers who are “responsible known travellers with pressing needs” should be permitted to re-enter the nation under the sponsorship of US companies. Trump’s executive order — preventing travel into the US from Iran, Iraq, Syria, Sudan, Somalia, Yemen, and Libya […]

Dubai Health Authority (DHA) has announced plans to launch a new smart phone app for blood donors. The app, which is due to launch before the end of April, will also enable potential donors to answer an eligibility questionnaire and read pre-donation advisory material on their mobile phones prior to visiting blood-donor centres, state news agency WAM reported. “The new system and smart application will help streamline […]

By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to […]

Visa Inc (V.N), the world’s largest payments network operator, reported better-than-expected quarterly profit and revenue as more people made payments using its network. The company, whose shares were up 3.4 percent in extended trading on Thursday, also affirmed its full-year profit and revenue forecasts. “The battle between strong business fundamentals and unfavorable exchange rate shifts will drive our results as we look ahead to the rest of […]

Snap is trying to raise $3bn in an initial public offering that could be the largest US tech IPO in years, according to documents that provide the first glimpse inside the owner of the messaging app Snapchat. Evan Spiegel, 26-year-old co-founder and chief executive, will own a stake worth up to $5.5bn, if the company succeeds in its aim of going public with a valuation of up […]

Tableau published fourth quarter and end of year results after the bell on Thursday. The Seattle-based data visualization firm reported a net loss of $21.1 million, or 28 cents per share. Non-GAAP earnings were 26 cents per share on top of $250.7 million in revenue, up 24 percent year over year. Wall Street was expecting just 13 cents per share with revenue of $230.3 million. Tableau’s shares […]

02 February 2017 For years, mid-tier banks have been told they’re potentially heading for extinction The barbell effect dictates that the middle will be significantly challenged by an increasingly tough business environment, with only the very large and the very niche institutions being able to succeed. And indeed the outlook does look challenging, if one adds up the increased cost of regulatory compliance, the pressure on fees […]

By Gina Cherelus | NEW YORK NEW YORK Hundreds of New York City bodegas, grocery stores and restaurants owned by Yemeni Americans closed for hours on Thursday in protest against U.S. President Donald Trump’s immigration policies, organizers said. Loyal patrons who rely on the stores for staples of daily life had to look elsewhere for lunch after more than 1,000 locations shut their doors from noon to […]

Saudi Finance Minister Mohammed al-Jadaan said a government efficiency office created last year to review state projects has saved the kingdom 80 billion riyals ($21 billion) on costs, according to the ministry’s official Twitter account. Jadaan expects increased savings this year and in future years to have a positive impact on the kingdom’s finances and the ministry has set up a mechanism to reimburse contractors within 60 […]

By Anna Irrera | NEW YORK NEW YORK Widespread opposition to U.S. President Donald Trump’s immigration curbs has proved a boon for CrowdJustice, a startup that helps individuals and organizations raise money online to fund legal cases. CrowdJustice, which until now has been based in Britain, this week brought forward the date of its U.S. launch by three weeks to take advantage of various campaigns to defend […]

President Trump’s mocking tweets about the “failing” New York Times and its “dwindling” subscriber base miss the boost his election and early days in office are giving the company’s business. CEO Mark Thompson stopped short today of saying Trump was the cause of a record 276,000 net quarterly growth in digital subscriptions in the last quarter of 2016 and a continued surge this month, bringing the Times’s […]

The Bank of England upgraded UK growth forecasts significantly for the second time in six months on Thursday in the latest indication the central bank’s once-dire outlook for the economy after June’s Brexit vote has been proven overly pessimistic. The bank said it now predicts gross domestic product will grow 2 per cent this year, the same as last year and up from 1.4 per cent forecast […]

Ukrainian rider Andriy Hrivko of the Astana team has been disqualified from the Tour of Dubai after punching German Marcel Kittel in the face during Thursday’s third stage, organisers said. Kittel, of the Quick Step Floors team, ended up with a bloodied face after sustaining a cut to his eyebrow, failing to contest the final sprint after winning the first two stages of the race, which he […]

If you’re looking for a quick, easy, and affordable way to protect your Google account, Facebook, GitHub, Dropbox, Salesforce admin account (and much more), or looking for a way to harden your Mac or Windows login credentials, then you need to take a look at YubiKey. Must read: Best Raspberry Pi alternatives, starting at only $5 OK, first off, what is YubiKey? YubiKey is a small authentication […]

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