Facebook, Google, Microsoft and Twitter on Monday announced they had joined forces in an attempt to curb explicit terrorist imagery online. The move follows criticism from Brussels that big US social media groups have made insufficient effort to clamp down on hate speech. In a statement, the technology groups said they were building new technology that would identify extremist content, including terrorist recruitment videos and images of […]
A parliament packed with lawmakers who oppose wage cuts and taxes, and who want to keep Kuwait’s sumptuous welfare state intact, is threatening the government’s attempts to close a gaping budget deficit. Opposition candidates won about 24 out of 50 seats last month in a parliamentary election seen by Kuwaitis as a referendum on austerity measures aimed at dealing with the 2016/17 shortfall, forecast at 9.5 billion […]
Today digital transformation is a widely known concept. The growing connectivity of people, machines and even businesses has changed the demands of the markets. In order to keep up and stay competitive, business have to adjust to these demands by digitizing their processes and business models. But the digital transformation also holds a lot of new opportunities to grow or even establish new branches of business. Therefore […]
Wall Street rose on Monday, with the Dow Jones industrials setting fresh record highs, as services sector data gave further evidence of strength in the domestic economy. U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, following on the heels of Friday’s employment report that showed strong job gains last month. U.S. stocks have climbed since the Nov. 8 […]
Bahrain, 5 December 2016 DHL Express, the world’s leading express and logistics provider, has renewed its long-standing partnership with the Muharraq Club, one of Bahrain’s most reputed sports clubs and one of the oldest and most recognised in the GCC region. The two entities signed an agreement during a small ceremony held at the DHL Regional Office Muharraq, under which DHL extended its sponsorship support for the […]
Islamic finance experts have developed new rules for gold transactions, they said on Monday, potentially opening the way for Islamic institutions to trade gold and silver much more actively. Gold transactions must be fully backed by physical metal and settled on the same day, the developers of the new guidance said, to observe Islam’s distinction between real economic activity and speculation. Traditionally, gold has played a very […]
Shipments of wearable devices continued to rise in the third quarter of 2016, according to the latest data from IDC. But while the segment experienced growth overall, there’s mounting disparity among the top providers. As has been the case for much of 2016, fitness bands, which are part of IDC’s “basic wearables” category, were the top-selling wearable devices in Q3 and accounted for 85 percent of the […]
Good morning. Here’s our daily summary of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Fake news is not the sole province of slimeball digital practitioners in faraway lands enabled by the righteous souls at Facebook and Google. There’s also — as has ever been so — the government. “Police investigating a notorious gang in […]
By Jonathan Spicer | NEW YORK NEW YORK The U.S. election of Donald Trump has created “considerable” uncertainty over the policies he will pursue so it is too soon for the Federal Reserve to judge whether its plan for gradual interest rate hikes needs adjusting, one of the most influential Fed policymakers said on Monday. In a speech that stepped well into fiscal policy, including a nod […]
The Amazon Go concept store in Seattle. Amazon on Monday unveiled Amazon Go, a new brick-and-mortar concept store that replaces cashiers and checkout lines with computer vision and artificial intelligence. In a video describing the project, Amazon said Amazon Go relies on technology similar to that of a self-driving car: computer vision, deep learning algorithms and sensor fusion. To make the technology more palatable for non-technical folk, […]
OPEC’s oil output set another record high in November ahead of a deal to cut production, a Reuters survey found on Monday, helped by higher Iraqi exports and extra barrels from two nations exempted from cutting supply – Nigeria and Libya. The latest rise in supply means the Organization of the Petroleum Exporting Countries will have a bigger task in complying with a plan to cut supply […]
Facebook CEO Mark Zuckerberg introduces a new messenger platform at the F8 summit in San Francisco, California, on March 25, 2015 Facebook on Monday began letting interactive “bots” inside its Messenger service tap into analytic capabilities once reserved for the social network, ramping up the potential to earn money from e-commerce. The move comes as Facebook is under pressure to profit from services such as Messenger, WhatsApp […]
In the United States, too, I found resistance to the idea that Brexit was a harbinger of a Trump victory. I was assured over and over by liberal friends that Trump would never be president. American voters were too sensible to fall for his hateful demagogy. Trump, I was told, was a product of peculiarly American strains of populism that flare up periodically, like the anti-immigrant nativism […]
Real estate agents in Dubai will not be allowed to market any property unless they sign a written agreement with unit owners, according to Dubai Land Department. “Form A” – a contract between property owner and real estate broker – has to be signed by both parties which then allows the latter to market the property – online or in print media. While “Form A” has been […]
MILAN Ferrero, maker of Nutella chocolate spread, has appointed Jerome Gregoire, currently head of the company’s operations in Greece, Cyprus and Malta, as managing director at Delacre, the biscuit maker it has just bought from United Biscuits. Belgium-based Delacre said on Monday Ferrero had completed the acquisition of the Delacre and Delichoc biscuit brands from United Biscuits. Ferrero had made an offer in July to acquire the […]
A new battle is breaking out among the titans of cloud computing, as competition in the fast-growing sector shifts to a fresh arena: artificial intelligence. Amazon is the latest tech company to join the fray, boosting its focus on artificial intelligence at a time when Amazon Web Services, its cloud computing division, is locked in competition with Microsoft and Google. AWS, which sells computing and data storage […]
Frank Land and Dame Stephanie Shirley unveil a plaque to mark the site of the world’s first business computer, installed 65 years ago. Photo: LEO Computers Society A plaque has been installed in Hammersmith, west London, where Lyons, the tea-shop company, ran the world’s first electronic business computer 65 years ago. Nothing remains of Cadby Hall, the two-acre site where Lyons had its head office, several bakeries, […]
This is the first of a series on the global rise of exchange traded funds The supposed death of the stock picker has become one of the dominant narratives of post-crisis finance. As trillions of dollars have rushed into low maintenance, index-based products facilitated by exchange traded funds, it has become common place to hear traditional fund managers and analysts complain that this wall of cash is […]
Dubai Airports has rolled out an upgraded Wi-Fi service across both Dubai International and Dubai World Central airports that allows passengers to access unlimited free high-speed. The airports authority said the new service was launched after extensive research into passenger expectations. Dubai Airports said access to the Wi-Fi has also been made simpler with only one click required on the landing page to connect to the service. […]
BEIJING China’s Foreign Ministry expressed displeasure on Monday after President Barack Obama blocked a Chinese investment fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron (AIXGn.DE). Obama’s executive order barring China’s Fujian Grand Chip Investment Fund (FGC) from completing the acquisition of a German company with American assets was one of only a few such instances in which a U.S. president has blocked a […]
Shares in Italian banks opened sharply lower Monday morning after voters rejected the country’s constitutional reform referendum, with investors questioning whether some of Italy’s largest financial institutions will now be able to raise capital needed to shore up their finances. Milan’s stock market benchmark, the FTSE Mib, was down 1.4 per cent to 16,857.0 in opening trading, led lower by its banks after Matteo Renzi, Italy’s prime […]
The company responsible for rolling out the National Broadband Network across Australia was directly warned that a draft opinion piece by its chairman, Ziggy Switkowski, could potentially be seen as favouring one side during an election campaign. (Screenshot: Chris Duckett/ZDNet) In a letter submitted in response to Senate Questions on Notice late Friday afternoon, Deputy Secretary of the Department of Communications and the Arts Ian Robinson told […]
Doha News co-founder has said the news website is scaling back its operations for now as it tries to resolve issues with authorities over access to the website in the country. The website is still open to traffic outside of Qatar, but remains blocked internally. In a message on the website, Doha News co-founder Omar Chatriwala said there are possible issues with the website’s licensing that may […]
Submitted by Michael Shedlock via MishTalk.com, On the same day Matteo Renzi suffered a crushing defeat at the hands of alleged “populists” in Italy, German finance minister Wolfgang Schäuble ruled out debt relief for Greece ahead of a eurozone finance minister meeting. Schäuble says Greece Must Reform or Leave Eurozone. Greece must implement economic reforms if it is to keep its place in the eurozone, Germany’s finance […]
