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Under Australia’s data retention laws, the number of enforcement agencies able to warrantlessly access customer call records, location information, IP addresses, billing information, and other data stored for two years by telecommunications carriers is restricted to 21. But in a submission [PDF] released today, the Communications Alliance (CA) has said a number of government agencies are skirting the restrictions and remain able to call upon telcos to […]

SYDNEY Climate change was responsible for breaking more than 200 Australian weather records over the past three months, researchers said on Wednesday, a glimpse of conditions to come that will likely threaten energy security and agriculture. Much of Australia’s east coast endured its hottest summer on record, the independent Climate Council said, while torrential rain in Western Australia caused flash flooding. The sort of unseasonable conditions seen […]

The two Fortune 500 companies, International Business Machines corp. (IBM) and Salesforce, have agreed to integrate their artificial intelligence platforms and some of their software and service components. As part of the deal, Salesforce customers could make use of the data from IBM’s Watson artificial intelligence platforms whereas IBM would be deploying Salesforce Service Cloud for internal use, more or less a sign of good will. The […]

And Mr. Trump’s conveniently timed call was a not-so-subtle reminder to Israel’s attorney general that indicting Mr. Netanyahu — a step that would precipitate his resignation as a prime minister — could harm Israel’s national security at a dangerous time. Continue reading the main story Mr. Netanyahu has survived past inquiries into his personal trips and home expenses without charges, and he has steadfastly denied wrongdoing in […]

Here are the big questions set to frame a new trading week for markets. How frothy are equity and junk bond valuations looking?Another record-breaking week for equities and a red hot reception for the Snap initial public offering is not the only sign of investor optimism running wild. Junk bond spreads — the premium investors demand to hold the bonds over Treasury yields — are heading towards […]

Sources tell us that Google is acquiring Kaggle, a platform that hosts data science and machine learning competitions. Details about the transaction remain somewhat vague, but given that Google is hosting its Cloud Next conference in San Francisco this week, the official announcement could come as early as tomorrow. Reached by phone, Kaggle co-founder CEO Anthony Goldbloom declined to deny that the acquisition is happening. Google itself declined “to comment on rumors.” […]

Security is still the most important aspect of network digitisation, Cisco has said, with the networking giant now focused on embedding its security technology into its “next generation” of products. “The best digital offence starts with the best security defence,” Chris Dedicoat, executive VP for Worldwide Sales and Field Operations at Cisco, said during his keynote speech at Cisco Live Melbourne on Wednesday. “We’re focused on two […]

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Hey, it’s boss week here at Local Edition. This week, we’re going to spend a little time with a Florida editor who doesn’t fit many molds (started as a designer, doesn’t care for sandy beaches, etc.) As a reminder, this is week three in our four-week conversation about why we’re still in journalism. (You can subscribe here.) Hang around after the boss talk for a peek at […]

When the headline prints hit tonight on China’s trade data, offshore Yuan dipped and ripped…   As China faced its first trade deficit in 3 years (-$60bn vs +172.5bn exp)… Obviously there is some major seaonality With imports exploding 44.7% YoY (and exports missing expectations dramatically +4.2% vs +14.6% exp). But it appears the economists forgot about this year’s lunar new year holiday falling in January (vs […]

By Saikat Chatterjee | HONG KONG HONG KONG Asian stocks edged lower on Wednesday after a strong start to the week due to profit-taking as investors lacked conviction to buy risky assets before a U.S. policy meeting next week that may see interest rates rising for the second time in three months. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1 percent in early trade, a […]

Samsung Pay users can now directly purchase products from local online shopping malls in South Korea on the payment service’s app, Samsung Electronics has announced. Users don’t need to subscribe or log in to respective shopping mall sites separately while connected to their Samsung account, making it more convenient for online shoppers, the company said. Samsung The South Korean tech giant has partnered with local shopping malls […]

March 8, 2017 by: Shawn Donnan and Demetri Sevastopulo in Washington ZTE has agreed to plead guilty to criminal charges of violating US sanctions on North Korea and Iran and to pay up to $1.2bn in fines, the largest sanctions-busting penalty levied against a Chinese company by Washington. The Chinese telecommunications group also admitted to obstructing a federal investigation as part of a settlement announced on Tuesday […]

Photo A banner calling for the boycott, divestment and sanctioning of Israel hanging from the Manhattan Bridge in New York during a protest against Israel’s military campaign in Gaza in 2014. Credit Michael Appleton for The New York Times Israel’s Parliament has struck back at the international boycott movement against the country and its settlements in the West Bank by passing a law barring entry to foreigners […]

A buoyant stock market and improving US economic growth have given the Federal Reserve cover to lift interest rates three times this year, including when it meets in less than a fortnight, a Financial Times survey of top economists has found. About three-quarters of the 43 economists surveyed in March said the Fed would increase interest rates by 75 basis points in 2017, a capitulation from months […]

Shanghai is regarded as the leading hub outside of Silicon Valley for technology innovations for the next four years, according to a KPMG report released on Monday. The report, claiming to reflect the viewpoints of over 800 global technology business leaders, placed Shanghai, New York, Tokyo, Beijing, and London in the first five places. The report explained that Shanghai became the top pick outside of Silicon Valley […]

The Panama Papers investigation has this week received its fourth major American journalism prize, the William Brewster Styles Award for Business/Economics Reporting from the Scripps Howard Foundation. The series, which illuminated offshore tax havens and shook up politicians around the world, was coordinated by the International Consortium of Investigative Journalists, at the time a project of the Center for Public Integrity. The two organizations have since separated. […]

Dubai is planning to set up a new One Day Court in an effort to speed up the legal process in the country. The initiative is part of penal order law No 1 of 2017 which was approved on Tuesday by Sheikh Mohammad bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, state news agency WAM reported. Under the law, the One Day Court […]

By Jennifer Ablan | NEW YORK NEW YORK Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of “old school” sequential interest rate hikes until “something breaks,” such as a U.S. recession. Gundlach, who oversees more than $101 billion at Los Angeles-based DoubleLine, said U.S. economic data support a rate increase as soon as […]

Banks have structured some unusual and complex deals for European companies to raise capital through a combination of debt and equity derivatives in recent weeks, reflecting investor enthusiasm for convertible securities. Last week BASF launched a $600m bond bundled with warrants, in a so-called neutral structure which effectively makes the chemicals group a middleman between its investors and its banks.  The deal, put together by Deutsche Bank, […]

American employers increasingly rely on large datasets and computer algorithms to decide who gets interviewed, hired or promoted. While these data algorithms can help to avoid biased human decision-making, they also risk introducing new forms of bias or reinforcing existing biases, suggests a new report. (via WSJ)

Google Cloud on Tuesday unveiled a series of steps it’s taking to strengthen its partner program, such as simplifying requirements, creating new partner incentives, and introducing new partner specializations — along with a new collection of partners recognized in those areas. “Google Cloud partners are essential to our commitment to help enterprises innovate faster, scale smarter and stay secure,” Bertrand Yansouni, VP of Google’s Global Partner Sales […]

The inner workings of the CIA’s cyber-espionage operations were at risk of being laid bare on Tuesday, after WikiLeaks published what it claimed was the first part of a large trove of documents detailing the US agency’s techniques for hacking into smartphones, internet-connected TVs and other devices. The documents purported to reveal a stockpile of malware used by the CIA to break into some of today’s most […]

DUBAI, United Arab Emirates — Bahrain’s justice ministry has filed a lawsuit intended to dissolve a major opposition group that it accuses of supporting terrorism, the state-run Bahrain News Agency reported on Monday. The group, the National Democratic Action Society, or Waad, was accused by the ministry of “serious violations targeting the principle of respecting the rule of law, supporting terrorism and sanctioning violence.” The secular organization […]

The biggest impact investing deal to ever see the light of day — that is how a fascinating new hedge fund deal is being touted. Impact investing is the practice of trying to make a measurable, positive societal impact as well as making a financial return on your money. The US hedge fund Mariner Investment Group reckons it has found a way to turn an investment of about $150m into […]

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