Intel has shuffled its executive ranks again, announcing that long-time executive Diane Bryant is stepping down from her role as GM of the Data Center Group (DCG). Intel CEO Brian Krzanich said in an email to employees that Bryant would be stepping away for six to eight months to tend to a personal family matter. Navin Shenoy, formerly GM of the Client Computing Group (CCG), will be […]
China has rapidly emerged as the leading issuer of green bonds, spurring excitement among the green finance community that they will help the world’s largest emitter reduce its choking pollution. But although the amount raised is carefully tracked, how the money is being spent is less clear. China issued $36bn of green bonds in 2016, up from almost none the year before, and analysts expect it to […]
Don’t open that email. Journalists and others on Wednesday were ensnared in what appears to be a widespread phishing attack from the address “[email protected],” while others took to Twitter to warn others: icymi: Someone Is Spreading a Massive Google Doc Phishing Email Right Now https://t.co/Y2HVIKejlp via @lorenzofb — Carl Franzen (@carlfranzen) May 3, 2017 This may be spreading through asking authorizing apps. DO NOT AUTHORIZE APPS WITHOUT […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks retreated on Thursday, taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve delivered a hawkish policy statement. At the end of its two-day meeting, the Fed kept its benchmark interest rate steady as expected, but downplayed weak first-quarter economic growth and emphasized the strength of the labor market, […]
Apple CEO Tim Cook (Image: CNET/CBS Interactive) Apple CEO Tim Cook has said he remains enthusiastic about business opportunity in China, the world’s largest smartphone market, despite the company’s Greater China sales falling 14 percent year-on-year to $10.7 billion in the quarter ended April 1, from $12.5 billion in the same period last year. This figure was also down 34 percent from revenue of $16.2 billion recorded […]
Tesla boss Elon Musk surpassed even his own lofty standards of both hubris and humility on Wednesday, as he looked ahead to a day when the electric carmaker will be worth more than Apple — but also admitted he had confused his customers with a bad product-naming decision. “I want to preface this by saying I could be delusional,” Mr Musk told Wall Street analysts on his […]
The insurgent groups suspended participation in the talks on Wednesday to protest what they described as heavy bombing by the Syrian government’s Russian-backed forces the day before that killed dozens, including civilians. Continue reading the main story The Russian proposal does not specify measures to prevent government warplanes from carrying out such bombings. Rebels said they remained suspicious of Russian guarantees, regardless, because Russia has been unable […]
For years, the Apple MacBook Air has been one of the most desirable computers in homes and on school campuses. Various iterations have won multiple PCMag Editors’ Choice awards for ultraportable laptops. The the 13-inch version hasn’t been updated since 2015, and that has incoming students and their parents looking at alternatives like the Microsoft Surface Laptop. Earlier this month, it was rumored that the […]
Sign up to receive FirstFT by email here The Federal Reserve said it believed the recent slowdown in US growth was likely to prove temporary as it stayed on course for a further increase in short-term interest rates as soon as June. The US central bank kept its target range for the federal funds rate at 0.75 per cent to 1 per cent following its latest two-day meeting. In […]
By Lindsay Dunsmuir and Jason Lange | WASHINGTON WASHINGTON The U.S. Federal Reserve kept interest rates unchanged on Wednesday and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market, in a sign it was still on track for two more rate rises this year. In a bullish statement following the end of a two-day policy meeting, the central bank also said consumer spending […]
A graphical representation of a swath of Facebook users illustrates the distributed nature of this research. The nodes represent Facebook accounts and connections represent friendships. Credit: Isaac Klickstein It is human nature to seek to spend the least amount of energy, time and cost on any given task to achieve a desirable result, whether that is working out at the gym, finding the best path to travel […]
Mr. Abbas, 82, who was among the negotiators on hand for the historic signing of the Oslo Accords on the White House lawn in 1993, indicated that he did feel optimistic that nearly a quarter-century later Mr. Trump might be the president who finally builds on that initial agreement to forge a final resolution to the conflict. Continue reading the main story Praising Mr. Trump’s “courageous leadership,” […]
What were you thinking Microsoft? The company’s just-released Surface Laptop is meant to challenge Chromebooks, but at a starting price of $999, who the heck will buy it? It sure won’t be schools, which Chromebook dominates now. Windows 10 S and Surface Laptops are neither Chrome OS or Chromebook killers. They’re another pair of Microsoft mistakes. Sure, there have been premium-priced Chromebooks. I own two of them, […]
The more The New York Times gets trashed by President Trump, the more its subscriptions seem to surge. The New York Times on Wednesday reported the addition of 308,000 net digital subscribers in the first quarter of 2017, the most of any quarter in the newspaper’s history, pushing it past the 2 million subscriber mark. Subscriptions to the company’s news products fall just shy of 2 million, […]
Chickens were domesticated from Asian jungle fowl around 6,000 years ago. Since domestication they have acquired a number of traits that are valuable to humans, including those concerning appearance, reduced aggression and faster egg-laying, although it is not known when and why these traits evolved. Now, an international team of scientists has combined DNA data from archaeological chicken bones with statistical modeling to pinpoint when these traits […]
The US dollar and Treasury yields held on to their gains after the Federal Reserve said the first-quarter growth slowdown is probably “transitory,” potentially setting the stage for a rate rise this summer. The buck was recently up by 0.4 per cent against the Japanese yen, near the highs of the day. Meanwhile, the euro was off by 0.17 per cent against the greenback, close to session […]
While we doubt anything material will emerge for various obvious reasons, the NY Post reports that the DOJ is probing Goldman Sachs for alleged Treasury auction rigging: the charge is that Goldman, one of the 23 US primary dealers, won almost all Treasury bond auctions from 2007 to about 2011 even after the Treasury department established safeguards to maintain competitiveness. The case is said to center on […]
By Nick Carey and Joseph White | DETROIT DETROIT Automotive supplier Delphi Automotive Plc (DLPH.N) on Wednesday said it plans to spin off operations tied to internal combustion engines and focus on technology for electrically powered and self-driving vehicles, boosting its share price and highlighting the challenges for legacy auto industry players. Vehicles driven by humans and powered with petroleum will dominate roads from Shanghai to San […]
Rackspace CEO Taylor Rhodes. Image: Rackspace The CEO of cloud services company Rackspace, Taylor Rhodes, has announced he is to leave the company. Rhodes said he is leaving to join a “smaller private company” that doesn’t compete with Rackspace, but which is using cloud technology to “to disrupt what has been a very low-tech industry.” Rhodes said: “This opportunity fits my strengths and skills, and I think […]
Theresa May has formally launched her election campaign with an attack on “European politicians and officials”, whom she accused of threatening Britain and trying to sabotage her attempt to win re-election. Standing on the steps of Number 10, Mrs May set out to inflame Brexit tensions, claiming that events of recent days showed that “there are some in Brussels who do not want these talks to succeed”. […]
“All the Rivers,” the new English title of the book, was published last week in the United States by Random House, and Ms. Rabinyan, 44, seemed a little nervous. She wanted Americans to read the book for what she said it is — a story of a specific love and its boundaries — and not because of the free speech controversy here or the backdrop of a […]
Prototype of the hand that sees. Credit: Newcastle University A new generation of prosthetic limbs which will allow the wearer to reach for objects automatically, without thinking—just like a real hand—are to be trialled for the first time. Led by biomedical engineers at Newcastle University, UK, and funded by the Engineering and Physical Sciences Research Council (EPSRC), the bionic hand is fitted with a camera which instantaneously […]
Sprint on Wednesday delivered mixed fourth quarter financial results. The Overland Park, Kansas-based company reported a net loss of $283 million, or seven cents per share, compared to a loss of $554 million, or 14 cents per share, the year prior. The nation’s fourth-largest wireless carrier posted net operating revenue of $8.54 billion, up five percent above the previous year. Wall Street was expecting a loss of […]
Londoners of finance, pondering hard-Brexit relocation options, can turn to the quality of life ranking of the world’s top cities provided in Deutsche Bank’s sixth annual survey of global prices. If Wellington, New Zealand, doesn’t offer tantalising opportunities for corporate bond syndicate origination, or outlets for euro swap-clearing back-office expertise, perhaps second-placed Edinburgh is a better option for a post-UK future. Fans of John Irving will be […]
