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Start-up trading platform trueEX has filed a complaint against industry giant Markit, claiming the company, which provides post-trade services to derivatives users, engaged in anticompetitive conduct by terminating its relationship with the trading venue. TrueEX is one of the few new trading platforms to have gained traction with investors trading interest-rate swaps, challenging established players Bloomberg and Tradeweb. Markit is the dominant provider of post-trade services, operating […]

Former U.S. President Barack Obama reportedly warned current President Donald Trump against hiring Mike Flynn as his national security adviser, former White House officials revealed. Obama warned Trump about Flynn in the days following the 2016 Presidential Elections, but the warning went under the radar so far. News now came to light just as former acting Attorney General Sally Yates is about to testify that Flynn made misleading […]

Robert Mercer, co-chief executive of the hedge fund Renaissance Technologies and one of Donald Trump’s biggest donors, has been sued by a former employee who says he was fired after he publicly criticised his boss’s support for the US president. David Magerman, a long-time research scientist at the fund who had helped it build computer algorithms that make investment decisions, was terminated after giving two newspaper interviews […]

Even so, Russia has sent signals it is hoping to gain support for the agreement from the United States despite their deep differences over the Syria war, now in its seventh year. Continue reading the main story Foreign Minister Sergey V. Lavrov of Russia will visit with his American counterpart, Secretary of State Rex W. Tillerson, in Washington on Wednesday to discuss Syria and other issues, both […]

The biannual OpenStack Summit opened with Jonathan Bryce, executive director of the OpenStack Foundation, saying “We’re a inflection point … We are moving into the second generation of the cloud.” And OpenStack is leading the way. What are these generations? The first generation was built on immature technologies that required expert architects, engineers, and developers. Only large technology companies, such as eBay and Yahoo, could implement them. […]

Tyson Food, the largest producer of poultry in the US, lagged behind the S&P 500 on Monday after it disclosed that the office of Florida’s attorney-general is investigating potential anti-competitive behaviour in the chicken market. Tyson’s stock price fell 5.7 per cent to $59.70 on Monday morning — its lowest level since December 2016. Guidance for revenue derived from chickens was reduced, hitting Tyson’s stock price, said […]

Comcast is making it a whole lot easier to manage a home Wi-Fi network, introducing the new xFi platform gunning for top Wi-Fi routers. In recent times, various companies such Eero, Google and others have made efforts to facilitate the setup and maintenance of a home network. Comcast now joins the party as well, announcing its new xFi cloud-based gateway for easy home network management. Smart Wi-Fi For […]

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Nvidia is rolling out a new platform that aims to provide deep learning analytics to video streams produced from smart city applications. Dubbed Metropolis, the platform takes data captured by cameras deployed in government properties, public transit systems, commercial buildings and roadways, and then runs it through AI to help cities monitor video instantaneously. The idea is that cities are inundated with video data and need a […]

Monday 16:30 BST What you need to know • The euro is losing momentum after touching a six-month high, down 0.6 per cent at $1.0925 • New York equity markets are muted; European equities markets are falling back, led by banks after early momentum from the French election continues to fade • Oil prices have also been volatile with both Brent and WTI seesawing either side of […]

“We should all agree that in our constitutional democracy, the executive’s ability to attack another country is constrained by the law,” Justin Florence, the group’s legal director and a former Obama White House lawyer, wrote in an essay announcing the lawsuit. He added: “Some countries may tolerate a head of state launching a new conflict without offering a clear legal justification, but we should not.” Continue reading […]

Virtustream announced Monday that it’s launching Healthcare Cloud, a service built on the Virtustream Enterprise Cloud that’s designed to meet the security, regulatory, and IT needs of healthcare providers. It provides an environment compliant with federal HIPAA and HITECH regulations with availability service level agreements of up to 99.999 percent. It can be deployed in a public, private, or hybrid cloud environment, with a set of on […]

Cofco, China’s powerful state-controlled grains company, is set to appoint the former chief executive and deputy chair of agricultural trader Louis Dreyfus Company as a non-executive director for its international agricultural trading arm. Serge Schoen, who resigned from the LDC board last year, is poised to become one of Cofco International’s four non-executive directors on the company’s 10-person board. His appointment comes as questions have been raised […]

This is a section of a graphene network with chemically bound hydrogen atom: the spectral vibrational signature of the single carbon-carbon bonds adjacent to the bound hydrogen atom is highlighted in different colors. Credit: Copyright Frank Hauke, FAU This is a section of a graphene network with chemically bound hydrogen atom: the spectral vibrational signature of the single carbon-carbon bonds adjacent to the bound hydrogen atom is […]

Sinclair Broadcast Group, the biggest US local television station owner, has struck an agreement to buy Tribune Media for $43.50 a share, valuing Tribune at about $3.9bn. The transaction is the first big move of an expected consolidation wave in media unleashed by the Federal Communications Commission’s recent decision to effectively loosen a cap on local television station ownership. The rule change has US media companies jostling […]

OnePlus has carved out a name for delivering excellent phones, like its recent 3T, at mid-range prices since its 2013 launch. Image: OnePlus Smartphone maker OnePlus says it will launch its next flagship, the OnePlus 5, this summer. The OnePlus 5 will succeed last year’s popular OnePlus 3 and the recently launched OnePlus 3T, which offered fans high-end specs well below the cost of flagships from Apple, […]

Just two work days after we reported that Home Capital had already used up half of its C$2 billion emergency “lifeline” credit facility (yielding 22.5%) and was seeking additional emergency funding, on Monday Canada’s most troubled alt-mortgage lender provided a liquidity update in which it said that it had drawn an addition C$400 million on its loan, leaving just C$600 million available. At the same time, the […]

Brent crude oil, the international benchmark, is steady around $49 a barrel, after dropping by as much as 10 per cent last week in a move seen as a sign traders have grown impatient with Opec’s attempts to mop up a near three-year old surplus. The sell-off followed strong first quarter results from so-called “Big Oil” that trumpeted their ability to adapt to the price slump, with […]

By Nigel Stephenson | LONDON LONDON European stocks and the euro pulled back on Monday from highs touched after Emmanuel Macron’s emphatic but well-flagged victory in France’s presidential election as investors’ focus shifted from politics to monetary policy. With the political risks that have dominated European markets in a year packed with elections seen receding, the European Central Bank is expected to have more room to tighten […]

Researchers have launched a trial for prosthetic limbs which have been designed to reach for objects automatically in a bid to make them act more like natural, organic limbs. A team of biomedical engineers from the UK’s Newcastle University, funded by the Engineering and Physical Sciences Research Council (EPSRC), said this month that a bionic hand has been developed which “sees” objects in its environment. Through the […]

Emmanuel Macron has swept to emphatic victory in France’s presidential election, clinching 66 per cent of the vote to beat far-right candidate Marine Le Pen. The National Front candidate’s 34 per cent share fell well short of the most optimistic projections for Ms Le Pen, which had suggested she could win as much as 45 per cent of the vote in the second round. Mr Macron’s victory […]

Dubai Roads and Transport Authority (RTA) has sold 80 exclusive car number plates for $7.56 million (AED27.75m), it said on Sunday. Four license plates acquired the lion’s share of revenues at the auction, which saw a bidding war, according to WAM. Ahmed Bahrozyan, chief executive officer, RTA Licensing Agency revealed that license number “R-13” fetched the highest price, selling for $795,640, while the balance was raised by […]

Globally, billions of dollars are lost to fraud every year, and with the growth of ecommerce business models over the past five years, payments startup Stripe is putting its transaction-based insights to good use in an effort to block fraudulent activity from its platform. Speaking with ZDNet, Stripe’s head of machine learning Michael Manapat said that internet businesses are in a uniquely liable situation of having to […]

Singapore Other amendments to the rules governing Parliament include procedures on how to override the elected President. Singapore Parliament in session (File photo: TODAY) 08 May 2017 02:30PM(Updated: 08 May 2017 02:40PM) SINGAPORE: Parliamentary Standing Orders – rules governing Parliament’s proceedings and conduct – were amended on Monday (May 8) for the first time since 2010. The changes were suggested last month by a 10-member committee chaired […]

The market reaction to Emmanuel Macron’s victory in the French presidential election has been muted so far, with investors having to a large extent anticipated the result. “The euro went up a bit, down a bit and ended pretty much where it was last week. Damp squib would be an overstatement,” as Kit Juckes at Société Générale put it. At pixel time, the euro was trading at […]

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