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Well this is a relatively fast exit. In March last year a brand new smart watch brand appeared hoping to offer something different. Combining the incredible engineering talent in Central Europe’s Romania, with the the business smarts of London and former executives from Citizen watches, the Vector startup carved out a very credible slot in the ‘affordable luxury’ smart watch sector. Only year later, Vector has been […]

PARIS French cosmetics group L’Oreal (OREP.PA) is acquiring three specialized skincare brands – CeraVe, AcneFree and Ambi – from Canada’s Valeant Pharmaceuticals International (VRX.TO) for $1.3 billion in cash to expand into one of the fastest growing areas of the beauty industry. The French cosmetics giant paid nearly eight times the brand’s combined annual revenue of $168 million. “These three brands, built on strong relationships with health […]

Photo Ayatollah Ali Akbar Hashemi Rafsanjani in 2016. Credit Fatemeh Bahrami/Anadolu Agency, via Getty Images Relations between the United States and Iran, which improved under President Obama to the point where the two sides were able to strike a nuclear deal, were already facing an uncertain future under Donald Trump, who has taken a tough line against Tehran. The death on Sunday of Ayatollah Ali Akbar Hashemi […]

Dubai Health Authority (DHA) is planning to make it mandatory for restaurants to display calorie content alongside every dish on their menus, it has been reported. The move is to help control the obesity issue in the emirate and stop diners from frequently “opting for high calorie meals”, The National reported. In October 2016, Dubai Municipality said it was looking at regulations to address the obesity issue […]

JOHOR BARU: An assistant officer in the Johor Baru Land District Office pleaded not guilty to receiving a bribe of RM150,000 at a Session court here today. Ahmad Ehwan Ahmad, 56, was charged under Section 165 of the Penal Code for allegedly committing the offence of receiving the money from businessman Toh Ang Poo, 49, for approving several rock mining permit applications from the land office. The […]

By Ellen Wulfhorst UNITED NATIONS (Thomson Reuters Foundation) – Sweden’s top diplomat has a question: “Where are the women?” Taking a seat on the United Nations’ influential Security Council, Sweden will use its clout to press its feminist foreign policy, Foreign Minister Margot Wallstrom said on Monday. That policy, coined when Wallstrom took office two years ago, seeks equal rights, decision-making roles and fair allocation of resources […]

Pakistan’s recently retired army chief Raheel Sharif has been appointed to lead a new Saudi-military alliance to fight terrorism, Pakistani media have reported. Government officials in Saudi Arabia could not be reached on Sunday to confirm the appointment to head the coalition, the founding of which Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman announced at a sudden midnight press conference in December 2015. Pakistani Defence Minister […]

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By Jessica DiNapoli | NEW YORK NEW YORK Canadian apparel maker Gildan Activewear Inc (GIL.TO) has won a bankruptcy auction for U.S. fashion retailer American Apparel LLC after raising its offer to around $88 million, a person familiar with the matter said Monday. Gildan’s takeover marks the end of an era for the iconic Los Angeles-based company, which was founded in 1998 by an eccentric Canadian university […]

The Apple Airpods recently had their own dedicated app and it was developed to help their owners track the iPhone accessory in case one or both are lost. Locating Missing AirPods Dubbed as Finder for AirPods, the app was created by iOS developer Deucks and sold at the App Store for $3.99. It works by cleverly measuring the Bluetooth signal strength to direct the user to the […]

The Federal Reserve should be ready to consider reducing the size of its balance sheet as part of its efforts to prevent overheating in the US, a senior policymaker said as he noted the pick-up in wage inflation and predicted a return of inflation to target by the end of the year. Eric Rosengren, the president of the Federal Reserve Bank of Boston, said that if the […]

By David Morgan | WASHINGTON WASHINGTON U.S. House of Representatives Speaker Paul Ryan and top members of President-elect Donald Trump’s transition team on Monday discussed a controversial plan to tax imports during an evening meeting on Capitol Hill, a Trump adviser said. Trump’s incoming chief strategist Stephen Bannon said the meeting examined two provisions of Ryan’s “Better Way” tax reform blueprint, including a border-adjustability measure intended to […]

Last year was a relatively tough year for real estate players across the UAE, as the market adjusted to lower levels of economic growth. This ‘new normal’ is a reflection of oil prices well below their peaks of 2014 and 2015. While the average oil price declined dramatically during 2015, the decline was much more modest in 2016 and it is important to recognise that oil prices […]

09 January 2017 Technology today has progressed to the point where innovation is no longer about creating a better life, instead it is the desire to create a better lifestyle for consumers that underpins the most exciting new products. While some of these innovations will quickly find their way into our lives and change how we do things, others are concepts that may or may not be […]

Upon the closing of the $4.8 billion sale of Yahoo to Verizon, Yahoo will see itself renamed to Altaba Inc as it begins its new direction as an investment company. Complementing the name change will be a new board of directors, with only five individuals claiming a position at the table. Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney, and Jeffrey Smith will continue to serve as […]

DAKAR Gambia’s communication minister, Sheriff Bojang, said on Monday he had left his post in the first high-profile Cabinet defection since President Yahya Jammeh refused to accept losing a December election. Opposition leader Adama Barrow won the polls by a thin margin, sparking nationwide celebrations in the riverine nation wedged within its larger and freer neighbour, Senegal. But after initially conceding defeat, Jammeh changed his mind a […]

Yahoo Inc (YHOO.O) said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc (VZ.N). Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for $4.83 billion. The terms of that deal could be amended […]

Terrifying, crazy and breathtaking could all be used to described the Dinner in the Sky experience. Taking flight in Dubai from January 10, a maximum of 22 diners at a time will be hoisted 50 metres in the air over Dubai Marina to enjoy one of the most unique dining initiatives in the world. The big dining table in the sky is not for the fainthearted, foodie […]

Jared Kushner has been named senior adviser to Donald Trump, formalising the role of the president-elect’s son-in-law as one of the most powerful people in the incoming White House. The 35-year-old property developer, who is married to Mr Trump’s eldest daughter Ivanka, will be taking the role without salary. Ms Trump will not be taking an immediate role in the administration. Transition officials said Mr Kushner would […]

By Phil Stewart | WASHINGTON WASHINGTON President-elect Donald Trump is finding himself caught between his desire to improve relations with Russia and fellow Republicans who are pushing for a harsher response to what American spy agencies say was the Kremlin’s meddling in the U.S. presidential election. The tacit acknowledgement on Sunday by his incoming chief of staff, Reince Priebus, that Russia was behind the hacking of Democratic […]

By Steve Holland | WASHINGTON WASHINGTON President-elect Donald Trump’s son-in-law, Jared Kushner, will become a senior White House adviser and work on trade deals and the Middle East, transition officials said on Monday, in a rare case of a close presidential family member taking on a major job. Kushner, 35, who is married to Trump’s daughter Ivanka, is taking the job after receiving legal counsel he would […]

Steve Jobs introduced the world to its revolutionary iPhone device ten years ago today. At Macworld 2007 in San Francisco, he described the handset as three products in one – “a widescreen iPod with touch controls, a revolutionary mobile phone and a breakthrough internet communications device.” In the ten years since it was launched, Apple has sold over one billion units worldwide, quickly growing into a revolutionary […]

The real reason Windows has sunk below the 50-percent mark is that smartphones and tablets are continuing to grow while the desktop keeps shrinking. Image: Nate Ralph/CNET Windows is still the most popular end-user operating system, but it’s now used by less than half of the visitors to the federal government’s websites. Windows has fallen to less than half of web visitors to US government websites. The […]

By Zachary Fagenson and David Shepardson | MIAMI/DETROIT MIAMI/DETROIT Volkswagen AG (VOWG_p.DE) suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company’s diesel emissions cheating and the automaker was accused of concealing the cheating from regulators. Oliver Schmidt, who was general manager in charge of VW’s environmental and engineering office in Michigan, did not enter a […]

09 January 2017 Etihad Etisalat (Mobily) announced today that its Board of Directors had approved the appointment of Eng. Ahmed Abdulsalam Abdulrahman as Mobily Chief Executive Officer and the acceptance of the resignation of Mr. Ahmad Farroukh. The Chairman and Board of Directors offered their sincere thanks and appreciation to Mr. Ahmad Farroukh for all his efforts in stabilizing the company and wished him the very best […]

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