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Verizon said on Friday it would reorganize its operating structure to focus on three core business areas: media and telematics, network and technology, and customer and product operations. The telecom giant has also hired former Ericsson CEO Hans Vestberg to lead its new network and technology team. Vestberg will focus on further developing Verizon’s fiber network infrastructure. He will initially be based in Sweden, and is expected […]

It may be the fastest transition from a “hawkish” to “dovish” stance by a Fed talking head in history, after  New York Fed President Bill Dudley went from “it is important not to overreact to every short-term wiggle in financial markets” and predicting “gradual rate hikes for the rest of the year” yesterday after the close, to “the Fed is in no rush to hike” in an […]

They don’t go in for pomp and ceremony at the US Federal Reserve. The retirement of Daniel Tarullo next Wednesday will be marked by coffee and doughnuts, according to a person familiar with the send-off. That’s a pity, in a way, as the departure of the 64-year-old member of the board of governors — and the world’s most fearsome bank regulator — marks a seminal moment on […]

Attackers are using fake airline booking confirmation messages to steal corporate credentials. Image: iStock Cyberattackers are carefully crafting individual phishing emails puporting to be from airlines and financial departments to deliver malware and are even mimicking internal corporate travel and expenses systems in order to steal personal details from specifically targeted victims. While cybercriminals using the lure of fake travel itineraries is to dupe those in sectors […]

With Adam Rawnsley   Looking for a deal. Michael Flynn, President Donald Trump’s former national security adviser, has offered to be interviewed by the FBI and House and Senate investigators examining the Trump campaign’s potential ties to Russia, in exchange for immunity from prosecution, “but has so far found no takers,” according to the Wall Street Journal. In a statement on Thursday evening, Flynn’s lawyer Robert Kelner, […]

Rackspace CEO Taylor Rhodes: “Amazon is a tornado.” Rackspace CEO Taylor Rhodes is disarmingly honest about the ride the company has been on in recent years. This is what happens, he says, “when the world’s largest bookseller comes into your industry.” It wasn’t Amazon’s bookselling ability that caused Rackspace headaches, of course, but its cloud computing division Amazon Web Services (AWS). Rackspace started out as web hosting […]

“This is a discussion that started in a November time-frame, and we started to pursue this. We recognized what we were stepping into,” Gen. Joseph L. Votel, the commander of the United States Central Command, said in an interview Wednesday. “It was actually implemented for eastern Mosul, the whole urban environment, and frankly, as we kind of get ready for Raqqa. We are enabling our on-scene commanders […]

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March 31, 2017 by: Nicholas Megaw in London South African president Jacob Zuma’s dismissal of his well-regarded finance minister Pravin Gordhan has left the country’s currency on course for its worst week since 2015 and hit prices in the country’s government bonds and its banking stocks. It has also left analysts expecting imminent downgrades to the country’s credit ratings. The firing of Mr Gordhan — which was […]

Submitted via Priceonomics A quick spin through LinkedIn reveals that the quality of peoples’ profile photos is rather uneven. Some photos appear to be from highly professional photoshoots while others are grainy pictures captured from old cell phones. Is there any pattern in the data around professional networking photos? What professions have the highest quality photos? Do people that are fresh on the job market tend to have […]

One of the few regrets of Vint Cerf, who is often referred to as the ‘father of the Internet’, is the fact that encryption using public cryptography was not baked in the original ARPANET design. While the early Internet was meant to meet a number of requirements such as resilience and openness, encryption was not one of them. Some of this was because of the high cost […]

Any sufficiently advanced parody is indistinguishable from reality. That’s an extreme paraphrase of Poe’s Law, but it applies to so much of our world today. Including the management of Twitter. On Thursday, Twitter announced more changes to the way it works. Soon after, an image started circulating which supposedly explained these changes. And it was so confusing. “Replies now part of Timeline. Timeline and TimelLine are now […]

Heroin addiction and its use has increased rapidly in the United States in the past few years. The most impacted are the whites in the country, as well as people with low income and poor education. According to the CDC, in 2015, drug overdose killed 52,404 people in the United States. Out of this number, 63 percent died due to opioid addiction. Now, a study reveals that heroin addiction […]

DUBAI // Children in the UAE are at low risk from the measles outbreak sweeping southern Europe thanks to a stringent national immunisation programme, doctors said. This week, the World Health Organisation warned that the disease was spreading fast wherever immunisation coverage had dropped, and particularly in Italy and Romania. In January, Italy reported more than 200 cases, while Romania reported more than 3,400 cases and 17 […]

China’s factories stopped losing jobs in March for the first time in nearly five years as manufacturing activity grew at the fastest pace since 2012, according to an official gauge of the sector. The official purchasing managers’ index for China’s manufacturing sector came in at 51.8 in March, climbing further above the 50-point mark separating growth from contraction. But the biggest turnround came from a sub-index tracking […]

Leftist Salvadoran guerrillas, emboldened by the Marxist Sandinistas’ success in neighboring Nicaragua, had been trying to overthrow the country’s ruling junta. But Mr. Hinton was determined. He encapsulated his mission this way: “Save the economy, stop the violence, have the elections and ride into the sunset.” Continue reading the main story But after an election campaign in which fending off far-right candidates was at least as demanding […]

Friday 05.10 BST Overview Asian stocks were mostly positive on Friday as investors prepared to end a solid first quarter of 2017 and Wall Street closed in on record highs. Hot topic 1 South Africa’s rand was 1.2 per cent weaker in Asian trading in the wake of the nation’s finance minister, Pravin Gordhan, being dismissed on Thursday by President Jacob Zuma. The currency has shed a […]

Same.Image: POOL/EPA/REX/Shutterstock By Keith Wagstaff2017-03-31 03:38:55 UTC No Donald. Just, no.  The president tweeted out a video Thursday about how “only by enlisting the full potential of women in our society will we truly be able to (you have not heard this expression before) make America great again.” Hmm, I wonder what people on the internet will think of this message. It’s not like Trump was caught […]

Australia’s National Broadband Network (NBN) will be outdated before the rollout is even complete thanks to the company using fibre-to-the-node (FttN) network technology, according to the Australian Capital Territory government. Speaking in a submission to the Joint Standing Committee on the National Broadband Network, the ACT government said NBN should be deploying fibre-to-the-premises (FttP) infrastructure, pointing out that this is the preferred technology in New Zealand, France, […]

By Nichola Saminather | SINGAPORE SINGAPORE The dollar extended its overnight gains in early Asian trade on Friday on signs of strong U.S. economic growth, while the euro inched up after sliding overnight on data suggesting slowing growth in Europe. Stock markets in Asia were off a bit despite solid gains on Wall Street as investors awaited China’s official manufacturing purchasing managers index data for March. The […]

The Department of Industry, Innovation and Science has gone to tender to find a provider to develop a package to help Australian small-to-medium enterprises (SMEs) understand and tackle cybersecurity. The department is after a supplier to design, develop, and deliver cybersecurity-focused materials for business advisors to motivate Australian SMEs, while still adhering to their responsibility under the Business Evaluation (BE) process — a service under the Business […]

BuzzFeed is closing its in-house, open-source innovation lab in October after two years of experimentation at the crossroads of technology and media. BuzzFeed’s Open Lab for Journalism, Technology, and the Arts, which is housed at BuzzFeed’s San Francisco bureau, will wind down in October after the current fellowship class finishes its work, BuzzFeed San Francisco Bureau Chief Mat Honan wrote in a note to employees obtained by […]

The UAE leads the region in renewable energy, according to the International Renewable Energy Agency, and is working to increase its capacity further. The country now produces 139 megawatts from renewable sources, up from 134MW in 2015 and 13MW in 2012. Renewable Energy Capacity Statistics 2017, by the agency that has its base in Abu Dhabi, also found that last year was the strongest for new renewable […]

But it was not immediately clear whether the approval of the new settlement was meant to be a provocative move to scuttle the prospect of a revival of peace talks. Mr. Netanyahu said he was following through on a pledge he made a few weeks ago to 40 settler families who were evacuated from the illegal Amona outpost in the West Bank. That outpost was removed by […]

There ends a third and perhaps final attempt to unite the London Stock Exchange Group and Deutsche Börse. Do they remain independent or prizes for rivals? One supposed reason for the deal was that without it both the LSE and Deutsche Börse viewed themselves as takeover targets. Now we are about to see whether that is truly the case. There are only three other global operators with bigger equity […]

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