Almost 40 years ago, German audio specialist Sennheiser set its engineers an ambitious task: to create the world’s best headphones, irrespective of cost. By 1991, the task was complete and the legendary Orpheus HE90 launched for sale with a price tag of $16,000 – about $28,000 in today’s currency. Fast-forward two decades, and Sennheiser has done it again. Its updated version of the HE90, the Orpheus HE1, […]
By Catherine Ngai and Liz Hampton | HOUSTON HOUSTON Commodities trader and investor TrailStone Group has purchased Cargill Inc’s gas and power trading group, three sources familiar with the deal said this week. The move, first reported by Sparkspread, comes amid a reshuffling in the power and natural gas industry as private equity firms and hedge funds pour into the space, filling a void left by banks […]
But not everywhere. Pockets of celebration broke out here and there, in places where Mr. Trump’s nationalist message matched local stirrings, and his promise of friendlier relations with President Vladimir V. Putin of Russia and a harsher approach to Islamic terrorism were eagerly embraced. Photo A participant at the European Trump Society event reading “The Trump Doctrine” by Borislav Cekov, a founder of the group. Credit Boryana […]
By Emily Stephenson and Scott Malone | WASHINGTON WASHINGTON Large crowds of women, many wearing bright pink knit hats, poured into downtown Washington by bus, train and car on Saturday for a march in opposition to U.S. President Donald Trump only a day after the Republican took office. The Washington event was expected to be the largest of a series of marches across the world in cities […]
While tech titans such as Google, Uber, and Apple along with almost every auto maker on the planet have poured resources into the development of autonomous vehicle technology, online retail giant Amazon has been relatively quiet on that front. But a recently approved patent shows the Seattle-based company could be ready to make a big move in the autonomous vehicle space. The patent doesn’t suggest […]
· Global security and fire safety leader to showcase solutions from recently-acquired Xtralis, a pioneer in early fire and intrusion detection technologies · Honeywell to host seminars and workshops for industry stakeholders, experts to discuss market trends, latest technologies and regional best practice 21 January 2017 Dubai, United Arab Emirates – In response to growing demand for smarter, more connected security systems across the Middle East, Honeywell (NYSE: HON) will […]
It won’t be long now. Today, Donald Trump becomes “leader of the free world.” Might even be a tougher job than running a staff of journalists. It’s a situation that got me wondering: Should I be studying the President-elect’s approach to leadership? Could his style help the women and men who manage newsrooms and other staffs be more effective? The answer, I think, is mostly no. I […]
While the year ahead could prove to be a bumpy one for global financial markets amid ongoing political and policy risks, there is reason for optimism over the outlook for stocks in the Middle East and North Africa (MENA) region. Compared to 2016, a number of structural tailwinds should give investors greater confidence in MENA’s fundamentals. The implementation of major fiscal and capital market reform throughout the […]
By Jessica DiNapoli | NEW YORK NEW YORK A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations. Avaya filed for Chapter 11 bankruptcy protection on Thursday to cut its debt of about $6 billion after efforts to sell […]
YouTube recommendations are a prominent example of applying advanced analytics on a massive scale to improve a service, the experience users get out of it, and the bottom line of the vendor behind it — Google. Previously, we explored the rationale behind it and pondered as to how this type of analytics could be classified. It’s time to pick up where we left off and explore how […]
Temperatures in Dubai could drop to as low as 10°C later this month as a cold wind arrives, according to Dubai Municipality. The authority’s new climate forecast service also said the fog conditions experienced over the last few days are expected to be reduced after mid-month, followed by cold wind, dust and sand. It added that January is expected to be the coolest month of the year […]
By Noel Randewich | SAN FRANCISCO SAN FRANCISCO U.S. President Donald Trump’s administration is only hours old, but already a small parade of S&P 500 companies’ chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday’s inauguration, senior executives from Morgan Stanley (MS.N), Delta Air Lines (DAL.N) and other major U.S. corporations said the […]
Apple has filed a $1bn lawsuit against Qualcomm accusing the chipmaker of abusing a monopoly position, after the US and South Korean regulators argued it exploited its market dominance at the expense of handset makers. Shares in Qualcomm fell 2.4 per cent to $62.88 just before the markets closed on Friday when the lawsuit was published. This is the first direct challenge by one of Qualcomm’s major […]
Henfey Park is not where Ryan earned the nickname Matty Ice, a reference to a fearless, swashbuckling style that has led to memorable late-game rallies and victories. But it may be where he honed the kind of daring, yet unflappable, confidence that has served him well in nine N.F.L. seasons. “Those games are the foundation for our toughness and competitiveness,” McGlinchey said Thursday. “We’ve had a few […]
In 2015, Malian businessman and former interim prime minister Cheick Modibo Diarra told Arabian Business: “When it comes to investment…Africa really is the last frontier. Be it agriculture, energy production, extraction of gold and diamonds, or oil and gas, we have a lot of opportunities and a young workforce that understands how business works.” He was speaking at a time when interest in Africa among Middle East […]
IT pros running Windows 10: Update your engines. As Microsoft noted last year, the company plans to update only two Current Branch for Business versions of Windows 10 at any given time. Now that Microsoft has released the media for its Windows 10 Anniversary Update — the Windows 10 bits that it released in August 2016, plus a Cumulative Update to it from late last year — […]
There is no doubt that 2016 was a milestone year for utility-scale solar in the Middle East. The UAE set – and then reset – the benchmark for low-cost solar electricity; Saudi Arabia made its highest level commitment to investing in solar; and Jordan commissioned its largest utility-scale solar power plant and announced plans to tender a new round of projects. In fact, these three countries alone […]
RAS AL KHAIMAH, 20 January 2017 Excitement filled Rixos Bab Al Bahr as Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA) announced the winners of the first joint RAK Free Zones Business Excellence Awards on 19 January 2017. The much-awaited awards programme lauded 10 outstanding companies that displayed relentless commitment to organisational excellence and contributed immensely to strengthening Ras Al […]
President Trump’s brief inaugural speech was a declaration of war against the entirety of the American Ruling Establishment. All of it. As Paul Craig Roberts details, Trump made it abundantly clear that Americans’ enemies are right here at home: globalists, neoliberal economists, neoconservatives and other unilateralists accustomed to imposing the US on the world and involving us in endless and expensive wars, politicians who serve the Ruling […]
By Jamie McGeever and Marc Jones | LONDON LONDON For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar. The S&P 500 .SPX has fallen a median 2.7 percent in the month after each new president has taken the keys to the White House since Herbert […]
Donald Trump launched a promised assault on “burdens” imposed by government within hours of becoming US president on Friday by moving to loosen rules tied to Obamacare and halting the introduction of any new regulations. Between the end of the daytime inaugural parade and the start of evening balls, the Trump administration took its first major policy moves by ordering government agencies to do all they could […]
Whatever has happened to cloud? From risk bête noir to flavour of the month – how did that happen? Surveys across the board show huge growth in the adoption of cloud computing, especially hybrid cloud: in a recent report, 95% of IT professionals said they were using the cloud, and 75% said they were using hybrid cloud. And the report also found that security was no longer […]
Global sukuk issuance fell short of market expectations last year, although it was higher than in 2015, according to a new report by S&P Global Ratings. The agency said it believes the sukuk market will remain subdued in 2017, since the issuance process is still quite complex. When oil prices started falling in 2014, several market observers predicted an issuance boom from 2015, arguing that governments in […]
Apple on Friday filed a suit against Qualcomm, accusing the chipmaker of withholding contractual payments it owed in retaliation for Apple’s cooperation with South Korean regulatory investigators. The suit also charges Qualcomm “attempting to extort” the Cupertino company into obstructing the investigation. From the suit, filed in federal district court in the Southern District of California: Among Apple’s damages are nearly $1 billion that Qualcomm owes to […]
