Stocks markets suffered in Asia as oil prices gave up recent gains and Japan’s yen rallied following a lukewarm lead-in from Wall Street and more political tumult from Washington. Tokyo’s Topix index was down 0.6 per cent as equities suffered from a firmer yen and energy stocks fell 2 per cent on slipping oil prices. The Nikkei 225 was down 0.7 per cent as well, further diminishing […]
TOKYO U.S. share futures and the dollar slipped in early Asian trade on Wednesday after reports that President Donald Trump asked then-FBI Director James Comey to end a probe into his former security adviser. The reports raised questions about whether charges of obstruction of justice could be laid against Trump, weakening confidence in the U.S. president’s ability to push through an aggressive stimulus program that investors had […]
The first time China attempted to build a large passenger jet, it tried — and failed — to reverse-engineer a Boeing 707 that crash-landed in Xinjiang in 1971. The latest vehicle for China’s aviation dream, the Comac C919, has just completed its first test flight after Beijing decided to take a different path: buying parts from European and US aviation companies rather than stealing their technology. After […]
“It’s a huge burden on the American psyche to have a president go abroad when a sword of Damocles is hanging over them at home,” said Douglas Brinkley, a professor of history at Rice University and an expert on the presidency. “It turns our president, instead of representing the best of America on the road, into a traveling can of worms.” Continue reading the main story Mr. […]
Thailand has backed down on threats it made last week to block Facebook in the country, having previously threatened to issue court orders if the social media giant did not remove content the government deems illegal. Takorn Tantasith, secretary general of Thailand’s broadcast regulator, said Facebook would not be blocked due to its compliance with demands to remove content it deemed a threat to national security or […]
For years we’ve written about the fact that Americans, young to old, are lousy savers (see “Retirement Crisis Looms As Average U.S. Household Has Saved $2,500 For Retirement“). Of course, they have to be because how else can a mature economy continue to grow unless every single person levers every asset they own to the maximum extent possible and then spends all of that money? Anything less […]
With the greenback stuck in the doldrums, Japan’s yen has shaken off some of its recent weakness to reach its strongest level in nine days. The yen pushed as much as 0.4 per cent higher in early Asia trade to ¥112.71 per dollar, the firmest level since May 8. Japan’s currency had weakened to as much as ¥114.37 as recently as Wednesday, the softest level since mid-March. […]
Ransomware is all over the news. Experts estimate the recent WannaCry attack affected as many as 300,000 devices globally. If you’re worried about falling victim to ransomware, there are a few things to consider. How would you react if someone stole your home computer? What if your hard drive failed and wiped out all your programs and data? If you’re prepared with a full, offsite backup, encrypting […]
Jamie Dimon endured a rough ride at the annual meeting of America’s biggest bank on Tuesday morning, as shareholders repeatedly attacked the JPMorgan Chase chief over his ties to the administration of Donald Trump. In December Mr Dimon was named chairman of the Business Roundtable, a group of almost 200 CEOs which is among the most prominent lobbying groups in Washington. Mr Dimon, chief executive of JPMorgan […]
Mr. Erdogan praised Mr. Trump for the “legendary triumph” he had achieved in the election and declared that his first meeting with the new president would be a “historical turn of tide” in the Turkish-American relationship. Continue reading the main story “We are committed to fighting all forms of terrorism, without any discrimination whatsoever, that impose a clear and a present threat upon our future,” Mr. Erdogan […]
Workplace collaboration platform Slack is adding another new feature to its platform: screen sharing in video calls. Slack — which now has 5 million daily active users overall and 1.5 million users that are paying for the service — said screen sharing is an extension of its native calling feature, which can be accessed from any channel or direct message. To use Slack screen sharing, start a […]
Investors have accelerated their buying of European financial assets in the wake of Emmanuel Macron winning the French presidency, but a top executive at one of the world’s biggest asset managers cautions that the region’s stock markets aren’t as cheap as they appear. European equity funds enjoyed their strongest week of inflows on record last week — pushing the EuroFirst 300 index up 3.7 per cent this […]
Twitter co-founder Biz Stone is returning to guide the messaging platform’s internal culture, as it tries to turn around slow user growth and declining revenue in the face of increased competition. Jack Dorsey, Twitter chief executive and co-founder who returned to try to revive the company almost two years ago, asked Mr Stone back during a relaunch of the company’s weekly Friday afternoon tradition of Tea Time […]
In the meeting with the Russian ambassador and foreign minister, Mr. Trump disclosed intelligence about an Islamic State terrorist plot. At least some of the details that the United States has about the plot came from the Israelis, the officials said. Continue reading the main story The officials, who were not authorized to discuss the matter and spoke on the condition of anonymity, said that Israel previously […]
The Internet Society has been closely monitoring the ransomware cyber-attacks that have been occurring over the last couple of days. The malware, which has gone by multiple names, including WannaCry, WannaDecryptor, and WannaCrypt, exploits a flaw in Microsoft Windows that was first reportedly discovered by the National Security Agency (NSA). A group of hackers leaked the code for exploiting this vulnerability earlier this year, and a fix […]
VMware announced Tuesday that its Horizon Cloud will support desktop and application workloads on Microsoft Azure. As part of the deal, Horizon Cloud customers can choose to run a fully-managed public cloud infrastructure from VMware, public cloud infrastructure from Microsoft Azure, or a hyperconverged infrastructure (HCI) alternative that lets customers blend their own on-premise infrastructure and appliances. “The addition of VMware Horizon Cloud on Microsoft Azure puts […]
Interview London’s euro clearing dominance has been in the spotlight since the Brexit vote, as Europe would like this returned. The FT’s Philip Stafford and Daniel Hodson, chairman of FSNForum and board member of Vote Leave, discuss the merits of such a move. May 16, 2017 Produced by Alessia Giustiniano. Filmed by Rod Fitzgerald. Source link
Fake news stories are often extremely easy to debunk. Fact-checking “Pope Francis endorses Donald Trump” required little more than an analysis of papal interviews and an email to the Vatican press office. Some fakers don’t even bother writing up an article to back up their hoax headlines. Yet by the time fact-checkers arrive on the scene of a fake, it may be too late to correct the […]
Image: Supplied SAP has announced that its Cloud Platform is now also offered as a multicloud environment, which will allow customers to develop and run apps via their choice of infrastructure providers. Customers will be able to use Amazon Web Services (AWS), in general availability; Microsoft Azure, under public preview; and the demo showcase of Google Cloud, in addition to full multicloud support through the SAP Cloud […]
Europe’s top court has ruled that a key EU-Singapore agreement requires backing by all EU member states — but only for a narrow set of issues — in a decision that could chart the way for a post-Brexit trade accord with the UK. The European Court of Justice ruled that EU member states must sign off on specific areas related to investment in the Singapore trade deal. […]
The timing, intensity and public announcement of the accusations suggested that the Trump administration was signaling a tougher political line on Syria, as well as seeking to embarrass Russia and Iran, all in an effort to put pressure on Damascus at the Geneva talks. Continue reading the main story Five previous rounds of negotiations in Geneva have yielded little progress. The war is now in its seventh […]
After a big plunge in March (it’s the weather, stupid), Housing Starts were expected to rebound in April… but did not! Starts dropped 2.6% in April, after March’s 6.6% drop. Building Permits also tumbled 2.5% MoM – also multiple standard-deviations below expectations. Single family permits dropped to 789K, the lowest since November (and multi-family is also at its lowest since Nov) Starts drop for second […]
Martin Draper, technology director at luxury retailer Liberty, says his big priority for 2017 is business intelligence. The firm gathers information from various sources and Draper wants to create a data-driven strategy that helps executives at the firm make smarter decisions quickly and effectively. He joined the world-famous retailer in March last year, having completed a 13-year IT leadership stint at Harrods. Throughout his career, Draper has […]
Is palladium, for the first time in nearly 16 years, about to become more expensive than platinum? The price difference between the two raw materials fell to less than $100 an ounce this month as palladium flirted with its highest price since September 2014 but its cousin eyed its cheapest level in 15 months. Both sometimes can be sensitive to the kind of precious metal cachet afforded […]
