MIAMI/NEW YORK A U.S. judge on Thursday ordered a Volkswagen executive charged in the Justice Department’s diesel emissions investigation held without bail pending trial. Oliver Schmidt was arrested Saturday at Miami’s International Airport as he planned to fly home after a vacation. He was one of six current and former VW executives charged this week in U.S. District Court in Detroit. The other five are in Germany […]
Josh Benson and Tom McGeveran, who founded the politics, culture and media site Capital New York in 2010 before selling it to Politico in 2013, are leaving the company. The departures were announced in a memo to staff from Politico Editor-in-Chief John Harris, who also said Politico’s statewide operations would be consolidated in Rosslyn. Launched in 2015, Politico States has established a presence in states across America, […]
By Patrick Rucker and James Oliphant | WASHINGTON WASHINGTON U.S. Senate Democrats on Thursday pressed Ben Carson, Donald Trump’s nominee to lead housing policy, on potential conflicts of interest between the agency he is set to run and properties in which the president-elect may hold a financial stake. The Department of Housing and Urban Development (HUD) hands out billions of dollars each year to developers and landlords. […]
Chatbots, collective intelligence and blockchain are some of the big technology trends that will change the way entrepreneurs run their businesses in 2017, says Klaus-Michael Vogelberg, chief technology officer at Sage. Vogelberg sees six major trends in 2017 that could make a big difference to the way business builders will work in 2017 and beyond. 1. Chatbots and autonomous interfaces Autonomous interfaces, such as chatbots or digital […]
By David Shepardson and Bernie Woodall | NEW YORK/DETROIT NEW YORK/DETROIT The U.S. Environmental Protection Agency on Thursday accused Fiat Chrysler Automobiles NV of illegally using hidden software that allowed significant excess diesel emissions, the result of a probe that stemmed from regulators’ investigation of rival Volkswagen AG. The EPA action affects 104,000 U.S. trucks and SUVs sold since 2014, about one-sixth the number of vehicles than […]
While most major car makers are rushing headlong into the driverless cars era, one Japanese motor manufacturer is eschewing that bandwagon to concentrate on automated help rather than outright replcement. Inifiniti, the luxury arm of Nissan, has previewed ProPilot, an evolving suite of autonomous drive support technologies, at the 2017 North American International Auto Show (NAIAS) in Detroit. Central to the strategy for the development of all […]
Fernandez was surprised at the scale of the problems on the Westside and the apprehension of the residents who remember the unmet promises of the past. “This is a very racialized atmosphere — the rich, white billionaire going to save the black folks,” he said while driving past boarded-up homes and shuttered churches and shops. “You can only go the speed of trust and just weather the […]
A classic distinction in markets exists between bulls and bears, the snorting herd of enthusiasts and the pessimists who roar at them from caves, waiting for a panicked stampede. Yet a sign of the uncertain outlook, with the consequences of the incoming Trump administration unknown, elections due in Europe and Brexit still to begin, may be how those labels don’t fit quite as easily as before. For […]
Wikimedia Commons IBM has announced a new partnership with the US Food and Drug Administration (FDA) in a study designed to determine whether blockchain technology can be used to keep medical data transfers safe from theft or exploit. The tech giant announced the collaboration between IBM Watson Health and the FDA on January 11. The research initiative is a two-year agreement between the FDA and IBM which […]
Dubai police has said that it received 144 reports of road accidents in a four-hour period on Thursday morning as the emirate was shrouded by fog. Police command said in a statement that it received a total of 1,257 calls from 6-10am. Major Mohamed Juma Aman, deputy director of the control room at the General Department of Operations at Dubai Police, urged drivers to be more alert […]
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. Donald Trump is nothing if not transparent, especially when it comes to views of the press and outright evasions about his business holdings. That was self-evident at his Wednesday spectacle (labeled “press conference”) in which he bashed media and also […]
The new Online Application Platform sees that the visa is processes within 3 Business Days 12 January 2017 Brits, Indians, citizens and expatriates of the Gulf Cooperation Council (GCC) and 81 other nationalities will now be able to apply for Azerbaijan visa online in a safe and stress-free and way following the introduction of a hustle free online visa application technology by the Ministry of Culture and […]
By Susanna Twidale | LONDON LONDON Britain should go ahead with “cost effective” plans to build what would be the world’s first tidal lagoon renewable power project, a government commissioned review said on Thursday. Britain needs to invest in major new infrastructure to replace aging coal and nuclear plants set to close in the 2020s, and also needs to reduce is greenhouse gas emissions to meet its […]
LONDON Asset management giant PIMCO said on Thursday it thought there was a chance China could freely float its currency, the yuan, this year. The firm’s head of Asian portfolios, Luke Spajic, said in a note Beijing was finding it impossible achieve three goals simultaneously: a stable or fixed foreign exchange rate, free capital movement and an independent monetary policy. Combining tighter financial conditions with this policy trilemma […]
Global investors sold the dollar and sought government bonds and gold on Thursday in the wake of Donald Trump’s pre-inauguration press conference, revealing the first sign of buyers remorse for a reflation rally that has dominated global markets since early November. Mr Trump’s press conference, his first as president-elect, was held in New York’s Trump Tower on Wednesday and was dominated by his ties to Russia, his […]
It doesn’t get more exclusive than a private dinner at a chef’s table, especially when it’s Reif Othman’s. If you haven’t heard of the chef, he’s the mastermind behind Dubai’s buzzing restaurant and lounge Play, a venue he calls his “money-maker.” But it’s his latest concept “The Experience by Reif Othman” that will really get you excited. Offering guests the chance to try a distinctive 10-course menu […]
While we learned earlier that John McCain was responsible for handing over the 35-page “dossier” of compromising, if arguably fake, revelations about Trump’s connections to Russia over to the FBI, the identity of the actual creator, who was said to be an ex-British intelligence service, remained a mystery. No longer. Courtesy of the WSJ, we now know his name: the former MI-6 officer, now working for a […]
HONG KONG Property developer China Vanke (000002.SZ) (2202.HK), embroiled in a high-profile corporate power tussle for over a year, said on Thursday its No. 2 shareholder China Resources Group is considering a major plan. The country’s second-largest developer said in a statement it had been informed on Wednesday that China Resources and a unit were ‘formulating a major plan involving its holdings in Vanke but are still […]
KUCHING: Sarawak has never before seen a leader who made such a great impact on the state and its people like Chief Minister Tan Sri Adenan Satem who died yesterday just two weeks shy of his 73rd birthday. He had succumbed to a heart ailment that left him with having to use a pace-maker to stabilise his heartbeat after hardly three years in office and six months […]
Having publicly trashed the US economy’s performance during the presidential campaign, Donald Trump has become its most prominent cheerleader. The president-elect has in recent weeks claimed credit for surging consumer confidence, stellar equity prices and stronger end-of-year household spending, arguing there was “no hope” before he arrived on the scene. To Barack Obama’s supporters, claims from Mr Trump that the US was cloaked in economic gloom before […]
Adam Schefter of ESPN first reported that the Chargers would leave San Diego. The league’s stadium and finance committees met in New York on Wednesday but offered no new financial incentives to help the Chargers in their efforts to build a new stadium in San Diego. The Chargers did receive an extension of two days, to Jan. 17, on the deadline for them to decide whether to […]
Saudi Arabia, 12 Jan, 2017 One of Saudi’s leading travel agencies, Mosaid Travel and Tourism Services, has renewed its ten-year exclusive relationship with global travel technology provider, Sabre Corporation (NASDAQ: SABR), to support its vision to expand regionally, provide more personalised travel experiences and improve customer satisfaction. “The travel industry is fast-evolving with new trends and rapidly-changing traveller expectations,” said Nadir Kazalbash, General Manager, Mosaid Travel and […]
Saudi Arabia has introduced new measures to grant business visa for foreign investors within 24 hours. An official with Saudi Arabia’s foreign ministry confirmed to Arab News that the new mechanism for businesspeople and business delegations came into effect from January 1. The new rule will allow allowing foreign investors to obtain business visas electronically within a day. The official said the kingdom is also introducing a […]
CNN sought to distance its reporting on President-elect Donald Trump from an article published by BuzzFeed shortly after he blasted both news organizations during his first press conference since the election. Both BuzzFeed and CNN went public with reports on Tuesday that a British intelligence official had compiled memos indicating that Russian officials might have compromising information about Trump. But while CNN merely said President Obama and […]
