Bhavish Aggarwal, CEO and co-founder of Ola, an app-based cab service provider, poses in front of an Ola cab in Mumbai March 3, 2015. Reuters/Shailesh Andrade/Files MUMBAI Ola, India’s biggest taxi-hailing service, has raised 14.78 billion rupees ($222.5 million) in a fresh round of funding from investors led by New York-based Falcon Edge Capital, about six months after the company raised $400 million from investors led by […]
Two years on from its launch in the city, ride-hailing service Uber is using its Middle East & Africa headquarters in Dubai to lay the groundwork for expanding in the region–through more than just operating in new cities. Since August 2013, the US-based company, which connects drivers and passengers through smartphone apps, has commenced operations within the GCC in Doha, Abu Dhabi, Riyadh, Jeddah and Saudi Arabia’s […]
A Google self-driving vehicle is parked at the Computer History Museum after a presentation in Mountain View, California May 13, 2014. Reuters/Stephen Lam/Files FRANKFURT German premium carmakers BMW, Mercedes-Benz and Audi are snapping up software experts as tech firms such as Google threaten to outflank them in the race to develop a self-driving car. Software expertise has become a new battleground for automakers and tech firms as […]
FRANKFURT Flush with cash and confidence after years of rising sales, German carmakers are used to reaping industry-leading returns. But with Chinese demand abruptly slowing, the profit engine has begun to sputter, overshadowing the glitz of the Frankfurt auto show which opens on Tuesday. For the home team of BMW, Daimler and Volkswagen, as well as European rivals such as PSA Peugeot Citroen, China’s downturn also threatens […]
A NASCAR vehicle is seen parked out front during web hosting company GoDaddy’s initial public offering (IPO) at the New York Stock Exchange April 1, 2015. Reuters/Brendan McDermid/Files GoDaddy Inc (GDDY.N) prevailed in a cybersquatting lawsuit brought by the Academy of Motion Picture Arts and Sciences, which accused the Internet domain registrar of illegally profiting off its trademarks, including for the Oscar telecasts. In a 129-page decision […]
What did you do on Labor Day? Circa 1959. Click here to find a bigger version. Did you go to a get-together with family and friends, hopefully in fair weather? Jacksonville. Click here to find a slightly bigger version. Did you go to the beach? Circa 1955. Click here to find a bigger version. Or did where you stuck in traffic most of the time? What […]
Saif Al Kaabi, Abdulaziz Al Bloushi and Abdulrahman Al Qaydi all survived the Houthi strike … and all are keen to return to their brothers on Yemen’s frontline to finish the job they started. ABU DHABI // Lying in his hospital bed, Saif Al Kaabi can only think about getting back to the front line. The 26-year-old from Hatta was one of dozens of soldiers injured in […]
DETROIT From his laboratory at Pittsburgh’s Carnegie Mellon University, automated vehicle pioneer Raj Rajkumar says self-driving cars will evolve step-by-step, with humans staying in charge for a long time to come. More than 2,500 miles west in Mountain View, California, Chris Urmson, head of Google Inc’s self-driving car program since 2009, has a different view: A fully automated vehicle that requires no input or intervention from humans is […]
A woman walks past a logo of Google at the Global Mobile Internet Conference (GMIC) 2015 in Beijing, China, April 28, 2015. Reuters/Kim Kyung-Hoon REUTERS – Google Inc and French drugmaker Sanofi SA said they will partner to develop tools to improve the management and treatment of diabetes. Sanofi will work with Google’s life sciences team to collect, analyze and understand information impacting diabetes, which is expected […]
The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014. Reuters/Sergio Perez SAN FRANCISCO Uber Technologies Inc [UBER.UL] has hired two top vehicle security researchers, the company said on Friday, high-profile additions that come as the ride-hailing service ramps up its work on technology for […]
|By Matein Khalid| A month ago, I published a column predicting history’s first Made in China global recession. Wall Street finally agreed with me last week after we witnessed the most brutal crash in global equities since October 2008. I have predicated a 20% fall in US equities several times in the last three months and the 1000 point drop in the Dow last week only reinforces […]
Middle East Beirut Journal A man sifted through garbage piled in Beirut, Lebanon, on Monday. By ANNE BARNARD August 27, 2015 BEIRUT, Lebanon — Mohammad Rizk sat glumly in his sandwich shop on Wednesday, waiting for customers. The scent of roasting chicken mingled with the fumes of a trash pile just outside. The garbage heap, which seemed to have taken on a life of its own, now dominated the […]
ADEN // The streets of Aden are filled with the flag of the UAE – fluttering above checkpoints, flying from cars, and draped over homes, businesses and government buildings. In the weeks since Houthi rebels were driven from Yemen’s southern port city, there has been an outpouring of gratitude from residents for Emirati troops. “The Emirates’ soldiers were in the frontlines of the battle against the Houthis, […]
Customers stand beneath an Apple logo at the Apple store in Grand Central station in New York City, July 21, 2015. Reuters/Mike Segar DETROIT/SAN FRANCISCO Consumer electronics company Apple Inc (AAPL.O) has hired a senior engineer from electric car maker Tesla Motors Inc (TSLA.O), according to a LinkedIn posting, as part of Apple’s effort to build a team of experts in automated driving. A LinkedIn profile for […]
DUBAI // Drivers are sharing cars, using public transport and even moving house in response to this month’s increase in petrol prices, a survey suggests. Nearly one in five would consider car pooling or using school buses, and nearly a quarter would use public transport more often. One in five intend to reduce their commute by moving to a home closer to work or to public transport […]
The UAE’s gross domestic electricity consumption has more than doubled over the past 10 years, and is expected to grow even more rapidly over the next five years as the country undergoes substantial population and economic growth, according to a recent study. The study by management consultancy Strategy&, formerly Booz & Company, revealed that energy usage in the UAE has grown at an annual average of four […]
UAE. The UAE’s gross domestic electricity consumption has more than doubled over the past 10 years, and is expected to grow even more rapidly over the next five years as the country undergoes substantial population and economic growth, according to a study by management consultancy Strategy&, formerly Booz & Company. The study reveals that energy usage in the UAE has grown at an annual average of 4% […]
KUWAIT. On Aug. 14, 2015, Standard & Poor’s Ratings Services affirmed its ‘AA/A-1+’ long- and short-term foreign and local currency sovereign credit ratings on Kuwait. The outlook is stable. RATIONALEPrices for crude oil have fallen by around 50% in the last year. We now forecast an average Brent oil price of $55/bbl in 2015 and $67.5/bbl in 2015-2018. The sharp fall in oil prices over the past […]
ANTAKYA, Turkey — Government airstrikes on a rebel-held suburb of the Syrian capital, Damascus, killed more than 80 people and wounded about 200 on Sunday, according to local activists and monitoring organizations. The attacks came one day after the area’s largest rebel group, the Islam Army, announced a new offensive against government forces in a neighboring suburb. While it was unclear if the two attacks were linked, the […]
We’re revisiting Oregon. Last time we were there, it was 1954! But this isn’t Portland. Click here for full-size version. This time we’re visiting Jackson Street, Roseburg. The source said that it was 1950s, but I could quickly tell that it was wrong. All one has to do is look at the cars… –Tigerstrypes References: http://timetravelnow.tumblr.com This entry passed through the Full-Text RSS service – if this […]
QADIYA, Iraq — In the moments before he raped the 12-year-old girl, the Islamic State fighter took the time to explain that what he was about to do was not a sin. Because the preteen girl practiced a religion other than Islam, the Quran not only gave him the right to rape her — it condoned and encouraged it, he insisted. He bound her hands and gagged […]
BAGHDAD — A devastating truck bomb struck a food market early Thursday morning in the teeming Shiite neighborhood of Sadr City, killing about 60 people and wounding more than 100 others, according to security officials. The blast, which was almost immediately claimed by the Islamic State, came just after dawn, when the market was already crowded with shoppers stocking up on fruit and vegetables for the weekend. […]
Chinese airlines and European luxury car makers are emerging as the early losers after the People’s Bank of China let the yuan fall the most in two decades. China’s surprising move to cut its daily reference rate by 1.9 percent Tuesday rippled through global markets. Policy makers called the change a one-time adjustment and said its fixing will become more aligned with supply and demand. While it […]
A logo is pictured at Google’s European Engineering Center in Zurich April16, 2015. Reuters/Arnd Wiegmann/Files Google Inc’s overhaul of its operating structure is an acknowledgement of the lack of transparency surrounding its disparate businesses and projects, analysts said, but it remains to be seen how much more the company will actually disclose. Analysts and investors have long sought more granular detail on Google’s capital spending and cash […]
