MANILA The Philippines could tighten its money laundering law this year to cover casinos, its top lawmaker said on Monday, in a move aimed at plugging loopholes that allowed $81 million stolen from Bangladesh to pass through Manila gaming venues. The Senate aims to approve its version of the bill in May and it is likely the lower house of Congress would hold separate discussions on its […]
Kuwait is seeking to follow its Gulf neighbours in its bid to gain emerging-market status. The nation’s Capital Markets Authority plans to extend its settlement cycle for stock trades by the end of April to three days from two for foreigners and zero for local traders, Vice-Chairman Mishaal Al-Usaimi said at a conference in Kuwait City. The regulators are also planning to introduce short-selling and derivative products […]
President Trump is reportedly creating a new position for his son-in-law and senior adviser Jared Kushner. The newly formed White House Office of American Innovation will leverage business ideas and potentially privatize some government functions, according to Reuters, as Kushner says: “The government should be run like a great American company. Our hope is that we can achieve successes and efficiencies for our customers, who are the […]
A new kind of memory effect discovered in two Transition Metal Oxides could carry important repercussions on technology and security. The multi-state nature of the memory effect, whereby more than one piece of information can coexist in the same space, could be harnessed for memory technology. And while deleted computer data can be recovered, at least partially, by talented hackers, the ‘erase-upon-reading’ property of this system could […]
Apple and Facebook are gearing up to challenge start-up Magic Leap and Microsoft’s HoloLens in the race to create a pair of augmented reality glasses that could one day replace the smartphone as consumers’ primary computing device. Apple is stepping up its efforts in AR eyewear, according to people with knowledge of its efforts, while Facebook is also researching the technology that can make what chief executive […]
Defendants may find themselves taken into custody if they travel abroad. Their assets could be seized in other countries. Continue reading the main story “It starts a process of accountability,” said Stephen J. Rapp, former United States ambassador at large for the Office of Global Criminal Justice and now a nonresident fellow at The Hague Institute for Global Justice, who helped to file the case. “We could […]
The US stock market’s shifting reaction to the inability of Donald Trump and the House of Representatives to repeal Obamacare belies the much bigger question the failure raises for Wall Street: can this administration steer corporate tax cuts through Congress? This matters because the expectation that American companies will enjoy smaller tax bills has helped fan a 10 per cent gain for the S&P 500 since the […]
SINGAPORE A Singapore court jailed a couple on Monday for starving their Filipino domestic helper, a case that highlighted what rights groups say is a common complaint in the wealthy city-state. Thelma Oyasan Gawidan, 40, weighed just 29.4 kg (65 lb) in April 2014 after being given too little to eat for about 15 months, prosecutors said. She was given two or three slices of plain white […]
A Beijing court has overturned a ruling that Apple’s iPhone 6 violated a patent owned by local manufacturer Shenzhen Baili, the South China Morning Post has reported. The Beijing Intellectual Property Office ruled last May that the tech giant violated design patents of the local device with its iPhone 6 and iPhone 6 Plus, and as a result was ordered to cease selling the smartphone in Beijing. […]
ABU DHABI // Significantly hotter summers with more sandstorms, higher humidity and more rain that could trigger flash-flooding are among the potential effects of climate change on the UAE. UAE Climate Change Risks and Resilience, a report published on Monday by Emirates Wildlife Society-WWF, suggests there could be an increase up to 3°C in temperatures during summer months and a 10 per cent humidity increase by […]
Prosecutors in South Korea are seeking an arrest warrant for former president Park Geun-hye for her alleged role in a sprawling corruption scandal that triggered her impeachment earlier this month. “The issues are grave . . . the defendant has abused her status and power to extract funds from companies, impinged on corporate freedoms and leaked state secrets,” said a statement by the prosecutors on Monday. “It is unfair not to […]
In July 2011 an unusual fascination had gripped some members of New York’s financial community. Walk into a Manhattan office expecting to discuss the US stock market with an investor who exclusively backed equity hedge funds, and they instead had Italian government debt on the brain. Selling short bonds of the eurozone’s third-largest economy had become so popular that non-debt specialists had started to notice, and rising […]
The Australian government’s National Broadband Network (NBN) company is linking up rural residents to satellite services even where towns have existing fixed-line communications infrastructure, according to the Northern Territory government, which has also criticised the installation delays, service dropouts, and usage caps on the service. “The Australian government’s current position is that areas outside the major cities and towns, including all remote communities in the Northern Territory, […]
The federal government has tasked Innovation and Science Australia (ISA) with developing a plan that will put Australia in a position as a leading “innovation nation” by 2030. In its 2030 Strategic Plan Issues paper, the independent body charged with researching, planning, and advising the government on all science, research, and innovation matters highlighted six challenges it sees as central to shaping the strategy, with one placing […]
Monday 04:30 GMT Overview Dollar weakness weighed down Asia-Pacific equities while government bonds and gold gained as investors in the region sought havens in the wake of US President Donald Trump’s failure to repeal Obamacare. Hot topic The US dollar was lower against a variety of currencies in Asia as investors tempered expectations of pro-business reforms from the Trump administration after Republicans failed to unify around healthcare […]
Anodot team Image: Supplied Business intelligence comes down to the ability to identify and analyse issues based on a series of variables. While data analysts are adept at identifying issues they have been trained to look for, it is just as important to account for the so-called “unknown unknowns” — the issues that analysts don’t know about or wouldn’t think about investigating — before they escalate into […]
March 26, 2017 by: FT Confidential Research Government efforts to cool the Chinese housing market are not working. Despite an intensifying clampdown, more households expect prices to continue rising in the coming months, particularly in the richest cities that are the focus of the government’s campaign. Consumer sentiment towards real estate purchases has also spiked, probably in response to widespread coverage of the policy tightening. The clampdown […]
The Australian government has signed a formal “Dialogue on Innovation” agreement with China that will see both countries exchange ideas between government representatives, business, and the research sector. Under the arrangement, both countries will contribute up to AU$6 million over three years to the next round of the Joint Research Centres, under the Australia-China Science and Research Fund (ACSRF), which supports strategic science, technology, and innovation collaboration […]
As part of a government initiative to address the growing incidence of sudden infant death syndrome (SIDS) in the country, several U.S. states have reportedly started giving away free baby boxes to parents of newborn babies. What Is A Baby Box? The baby box initiative originally started in Finland in the later 1930s. During this period, one of out 10 Finnish babies died in their first year. A […]
Konrad Mizzi (left) is the fourth district’s frontrunner, followed by Chris Fearne (right). Konrad Mizzi is still the Labour Party’s frontrunner on the fourth electoral district despite his involvement in the Panama scandal, according to an internal survey conducted by other candidates on the district. As the battle heats up for Labour’s three safe seats in its stronghold, the survey, seen by this newspaper, shows Dr Mizzi […]
You may want to look up at the sky and observe a little more because the World Meteorological Organization just added 11 new clouds to the International Cloud Atlas, the world’s definitive guide and database for cloud classification. World Meteorological Day last March 23 also marks the publication of the new edition of the International Cloud Atlas. In this latest publication, the strange-looking, turbulent meteorological phenomenon asperitas is […]
It should come as no surprise that there are numerous activities related to Trust, Identity, and Privacy on the agenda for IETF 98. Below I will highlight a few of the many activities and provide pointers to a number of additional ones. There is something for everyone interested in these areas in Chicago in the coming week! The fun starts before the meeting even begins with the […]
MyRepublic has said that retail service providers (RSPs) cannot offer gigabit-speed services on Australia’s National Broadband Network (NBN) for anything less than AU$300 thanks to the connectivity virtual circuit (CVC) charge. The comments came in response to NBN CEO Bill Morrow’s claims last month that consumers don’t need and wouldn’t use 1Gbps broadband, as evidenced by the fact that no RSPs have taken up NBN’s offer to […]
Last week, the Office for National Statistics released the inflation results for the British economy. Even though most analysts weren’t expecting any huge differences, the numbers (updated until February) paint a completely different picture. In February, the inflation rate increased rather sharply. On a month-on-month basis, the CPI increased by 0.7% (whereas January was a month with deflation). The current YoY inflation rate based on the CPI […]
