Burkhard Varnholt last week paid €14 for lunch for two people at a smart restaurant in Berlin. “The euro is so cheap,” says Credit Suisse’s deputy chief investment officer. It is cheap because of one factor: Marine Le Pen. In normal circumstances, the euro would be trading a lot higher on the back of the eurozone’s record current account surplus, an unemployment rate at its lowest in […]
The tier gives limited access to 15 services. (Image: Google) Stressing its fundamental commitment to openness, Google on Friday announced that it’s adding a free tier to the Google Cloud Platform (GCP). The tier gives limited access to 15 services, including Google Compute Engine (1 f1-micro instance per month in US regions and 30GB-months HDD), Google Cloud Storage (5GB a month), Google Pub/Sub (10GB of messages a […]
Business conditions in the UAE’s non-oil private sector continued to improve in February, with a sharp increase in inflows of new work underpinning a robust expansion of output, according to a new survey Data from the Emirates NBD UAE Purchasing Managers’ Index (PMI) showed that strong demand conditions and a favourable economic environment encouraged companies to scale up purchasing activity and hire additional workers over the month. […]
The University of Manchester is leading a consortium to investigate advanced technologies, including robotics and artificial intelligence, for the operation and maintenance of offshore windfarms. The remote inspection and asset management of offshore wind farms and their connection to the shore is an industry which will be worth up to £2 billion annually by 2025 in the UK alone. Eighty to ninety percent of the cost […]
MEPs: Bankers, lawyers and accountants are “enablers” of tax avoidance A WIDE SUPPORT NETWORK of professional organisations “played a crucial role” in the biggest financial tax evasion scandal in world history, according to MEPs interrogating the circumstances and causes behind the Panama Papers tax scandal. Institutions of bankers, lawyers and accountants acted as “enablers and promoters of tax avoidance” allowing corporate and financial interests to slash trillions […]
U.S. used-auto retailer Carvana LLC, which allows customers to pick up cars they buy on the internet from vending machine-like towers, has tapped investment banks for an initial public offering, according to people familiar with the matter. The move comes as more consumers become comfortable with online used-car purchases. TrueCar Inc (TRUE.O), for example, a car-shopping service that matches buyers with dealers online, has seen its shares […]
Samsung Electronics has completed the acquisition of Harman International Industries in a deal worth $8 billion, the company announced. Harman stockholders will receive $112 per share in cash, and the deal was approved by the US firm’s stockholders and local and foreign regulators, the Korean company said. Harman will be 100 percent owned by Samsung, while Dinesh Paliwal will remain as Harman’s CEO. The company’s workforce, headquarters, […]
The two most powerful men in the world oil market appeared together in Houston on Tuesday to tell the world that their strategy was on track. In December, Khalid al-Falih and Alexander Novak, the energy ministers of Saudi Arabia and Russia, orchestrated a 24-nation plan to cut oil output in the first half of 2017. This week they spoke to reporters in a hotel conference room at the […]
LOS ANGELES Starbucks Corp on Friday said its business has not been hurt by a social media boycott campaign started in response to the chain’s promise to hire 10,000 refugees globally over the next five years. Starbucks made its Jan. 29 refugee hiring announcement on the heels of President Donald Trump’s first executive order that temporarily banned travel from seven mostly Muslim nations. The move angered some […]
Image: file We use URL shortening services so often these days we’re seldom even aware of them. Until, that is, one of them fails. Today, one of the most popular of these, Bitly, stopped working for some users. You may think of URL shorteners as something individuals use for shortening long web URLs. This is true, but companies also use them to promote their webpages on social […]
The Wikum interface provides readers with detailed summaries of online discussions. Credit: Jason Dorfman/MIT CSAIL From Reddit to Quora, discussion forums can be equal parts informative and daunting. We’ve all fallen down rabbit holes of lengthy threads that are impossible to sift through. Comments can be redundant, off-topic or even inaccurate, but all that content is ultimately still there for us to try and untangle. Sick of […]
TEMPO.CO, Jakarta – The Corruption Eradication Commission (KPK) welcomed the move taken by the Witness and Victim Protection Agency (LPSK) to give protection to the witnesses in the investigation of a case of alleged embezzlement involving the multi-million-dollar procurement of electronic identity cards (e-KTP). “We welcome LPSK’s move to protect the witnesses because LPSK has the authority for that,” KPK Spokesperspn Febri Diansyah said in Jakarta in Jakarta on Friday (10/3). […]
The way that markets are reported affects the way they are perceived, and the way that investors behave. So can the way journalists report the markets be measured? Are we doing a good job? Historically, it appears that we are not. This week, Diego Garcia of the University of Colorado at Boulder presented a paper to a conference on journalism and markets at Columbia Business School. Entitled […]
By Gabriel Stargardter | MEXICO CITY MEXICO CITY Last month’s 40 percent decline in migrant detentions along the southern U.S. border represents a victory for U.S. President Donald Trump, but may prove short-lived unless he follows through with his hard-line vows, past experience shows. Graphic on Central American migration to the United States: here Trump’s administration on Wednesday trumpeted the February decline as evidence its executive orders […]
The internet as it currently stands is “not fit for purpose” to engage the connectivity of things and machines, according to Cisco ANZ CTO Kevin Bloch, as mobility requirements will be subverted by the Internet of Things (IoT) and a complete re-engineering will need to take place. “As we move to more machines being connected than humans, the first generation of the internet is not fit for […]
By Caroline Valetkevitch | NEW YORK NEW YORK U.S. stocks rose on Friday after a solid jobs report pointed to strength in the domestic economy and supported expectations the Federal Reserve will raise interest rates next week. Indexes ended lower for the week, however, with the S&P 500 and Nasdaq breaking a six-week streak of gains. Government data showed 235,000 jobs were added in the public and […]
By Toni Clarke | WASHINGTON WASHINGTON U.S. President Donald Trump has chosen Dr. Scott Gottlieb, a conservative health policy expert with deep ties to the pharmaceutical industry, to lead the U.S. Food and Drug Administration, a White House official said on Friday. If confirmed by the Senate, Gottlieb would be in charge of implementing Trump’s plan to dramatically cut regulations governing food, drugs, cosmetics, dietary supplements and […]
Houses and building sites border the excavation zone, and sometimes during the dig, workers have had to clear trash and animal carcasses, according to Salima Ikram, an Egyptian member of the team. Once new buildings go up, further excavation will become impossible. “It’s a race against time,” she said. Continue reading the main story Establishing the identity of the colossus is complicated, because it has been broken […]
“It sucks,” says Mike Mayo. One of the more visible Wall Street analysts, Mr Mayo lost his job last week when CLSA, the Chinese-owned broker which had employed him, abruptly shuttered its US research operations. At 4.15pm last Monday, as Mr Mayo tells it, he was summoned to an all-hands meeting. At 4.20pm he and 89 others were let go. He went to FedEx to buy nine […]
A joint venture led by Qualcomm and the Brazilian government will see the launch of a semiconductors factory producing high-complexity equipment. The consortium, which also includes semiconductor manufacturing firm ASE Group, is predicted to make a total investment of $200m in the initiative. The memorandum of understanding on the project was signed by the companies and the Brazilian Social Economic Development Bank (BNDES) on Wednesday (8). Exact […]
In this May 13, 2015, file photo, Google’s new self-driving prototype car is introduced at the Google campus in Mountain View, Calif. Cars with no steering wheel, no pedals and nobody at all inside could be driving themselves on California roads by the end of 2017, under proposed new rules that would give a powerful boost to the technology from the nation’s most populous state. (AP Photo/Tony […]
A wanted man has been killed in Saudi Arabia’s oil-producing Eastern province after an exchange of gunfire while police were searching a neighbourhood where he was hiding, state news agency SPA reported on Friday. The man, Mustafa Ali Abdullah al-Madad, was wanted by security forces for his involvement in “a number of terror crimes against the citizens and security personnel”. He was killed in the governorate of […]
WASHINGTON A series of tweets by White House spokesman Sean Spicer on Friday commenting on strong February job creation figures may have run afoul of federal guidance barring most officials from commenting on key economic data within an hour of its release. The rule, Statistical Policy Directive Number 3, is meant to “preserve the distinction between the policy-neutral release of data by statistical agencies and their interpretation […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. Nonfarm payrolls increased by 235,000 jobs last month as the construction sector recorded its largest gain in nearly 10 years due to unseasonably warm weather, the […]
