NEW YORK/SAN FRANCISCO Institutional investors anxious not to be left out of this year’s marquee initial public offering helped Snap Inc (SNAP.N) pull off the biggest U.S.-listed technology share sale this week since Chinese e-commerce juggernaut Alibaba Group Holding Inc (BABA.N) smashed records in 2014. Keen to boost returns and with a dearth of new stocks to buy, the IPO of a buzzy social media group was […]
Fathers who consume cocaine before conceiving a child could be putting their sons in danger. A new study has shown that sons of fathers who used cocaine are more susceptible to memory loss and learning disabilities. The research, published in the journal Molecular Psychiatry, was conducted by researchers from the Perelman School of Medicine at the University of Pennsylvania. According to the researchers, drug abuse among fathers could negatively […]
People can now follow constriction updates at the Expo 2020 Dubai through Google Maps. With construction at Expo 2020 Dubai’s site well under way, Expo 2020 Dubai has said people can see what’s happening at the Expo2020 site through the online mapping system. With new #Google Maps satellite images, you can see what’s happening at the #Expo2020 site. See for yourself at https://t.co/cTVL5P6r9B pic.twitter.com/w2KRWIupD5 — Expo2020Dubai (@expo2020dubai) […]
March 3, 2017 by: Jamie Chisholm, Global Markets Commentator Friday 08:35 GMT Overview Stock markets are retreating as Wall Street equity futures dip further from this week’s record high as investors cash in some of their bullish bets on stronger growth following the election of US president Donald Trump. The pullback comes amid heightened expectations that the improving economic scenario will encourage the Federal Reserve to increase […]
The National Australia Bank (NAB) faced the House of Representatives Standing Committee on Economics’ review of the performance of Australia’s banking and financial system on Friday, with CEO Andrew Thorburn probed again on the idea of opening up the bank’s application programming interfaces (API) to external parties. By 2018, banks in the United Kingdom will be required to effectively open up APIs to enable consumer data to […]
SoleNet and Sure Telecom are prohibited from carrying on as a business or providing any telecommunications services for a period of two years, the Australian Federal Court ordered on Friday. In addition, the companies and their director James Harrison have been ordered to pay AU$250,000 in penalties. As of April 1, 2017, Harrison is also disqualified from managing corporations for three years. The Australian Competition and Consumer […]
Good news to fossil fuel companies. Bad news to advocates of the environment. The agency tasked to provide regulation and environmental protection on Thursday scrapped the order that requires oil and gas operators to report on their equipment and level of methane emissions. The order, issued in May 2016 by the Environmental Protection Agency, was one of the major actions of the Obama administration to combat climate […]
Behavioral studies of elephant sleep in zoos record that they sleep around four hours per day and can sleep standing up or lying down — but how much do they sleep and how do they sleep in their natural environment? Researchers have made use of small activity data loggers, scientific versions of the well-known consumer fitness and wellness tracker, Fitbit, to study the sleeping patterns of elephants […]
Core inflation has returned to Japan for the first time since 2015, with consumer prices excluding fresh food rising by 0.1 per cent in January over the same month a year earlier. The return to positive territory was driven by energy — petrol prices jumped 9.2 per cent year-on-year after big drops in 2016 — but the rise will be welcome news for the Bank of Japan. […]
Palmyra, the storied ancient city that was among prewar Syria’s leading tourist attractions, swung back under government control on Thursday, state media reported, as soldiers and their allies evicted Islamic State militants who had made a sport out of pilfering the city’s antiquities. This was the fourth time in the past two years that control of Palmyra, a Unesco World Heritage Site, changed hands between government forces […]
Dubai Police have launched a new radar to target drivers who avoid long queues by cutting in on other motorists. The General Directorate of Traffic at Dubai Police announced the launch of the new device which will monitor violators who jump in on queues in the emirate. The radar will be located at exits and intersections where drivers attempt to bypass long queues by cutting in closer […]
Branden Spikes says he has led a charmed life. Boasting an IT career that started in Silicon Valley when the web was born, Spikes was in the midst of the “awesome craziness” that occurred as a result of the dotcom boom — not to mention “the craziness” that he said followed. “The invention of the web was happening right in my backyard at a time when I […]
BEIJING, Activity in China’s services sector expanded at the slowest pace in four months in February, with new business still growing at a solid rate but increasing competition making it harder for companies to raise prices, a private survey showed. The findings echoed a similar softening in growth in China’s official services activity survey released on Wednesday, and contrasted with an unexpected pick-up in growth in its […]
Roche Holding AG the Swiss-based multinational health care company recently conducted a clinical trial with breast cancer patients using its new Perjeta drug in combination with Herceptin and chemotherapy. The trial yielded positive results on the patients. Researchers at the company believe that this success in trial may help them in elevating the sales of its new Perjeta drug and will also help in dealing with the […]
China’s 200 richest lawmakers are worth more than $500bn, according to the Hurun Report, which tracks the fortunes of the country’s wealthiest people. The Communist party officially welcomed private-sector business people into its fold in 2002, when the Chinese economy was the world’s sixth-largest. Their wealth has since soared in tandem with the Chinese economy, which is now second only to that of the US. According to […]
In a rash moment of generosity amid the euphoria of victory, he snipped off a negative and gave it to an army spokesman, who promptly handed it to the Israeli Government Press Office. In his 2007 autobiography, “Israel Through My Lens,” written with Ruth Corman, Mr. Rubinger recalled that the press office “in turn made prints and started distributing them to all and sundry for a dollar […]
BEIJING China’s leaders are expected to telegraph their willingness at this year’s annual parliament meeting to let reforms overtake policy stimulus as their priority amid concerns over financial instability in the world’s second-largest economy. Pro-growth policies, evident by a lending binge and increased government spending last year, have fueled worries among policymakers about high debt levels and an overheating housing market. Top leaders at the National People’s […]
Software-defined storage (SDS) startup Hedvig has closed $21.5 million in a Series C round of funding, bringing the total amount raised by the Santa Clara, California-based startup to $52 million. Investors in the round include Singapore-based EDBI and Hewlett Packard Enterprise’s (HPE) VC arm Hewlett Packard Pathfinder, Atlantic Bridge Ventures, Oman Technology Fund, True Ventures, and Vertex Ventures. Launched in 2015, Hedvig provides SDS for enterprises building […]
Photo Hosni Mubarak, the former president of Egypt, was taken back to a military hospital in Cairo on Thursday after a court session. Credit Mohamed Hossam/European Pressphoto Agency CAIRO — Egypt’s top appeals court cleared former President Hosni Mubarak of any responsibility for the killing of hundreds of people during the 2011 protests that ended his 30-year rule, sweeping away the final legal hurdle to Mr. Mubarak’s […]
Technology accelerates by leaps and bounds, which can only spell doom for most workers’ economic prospects. How long before a robot or algorithm can do your job, leading to mass “technological unemployment?” Machines are learning to master once-unthinkable tasks. Yet, even though our software can best us at Jeopardy! and our hardware has learned to run and jump, there’s still no consensus among economists that […]
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday appointed a new police chief. In a tweet, he named Major General Abdullah Khalifa Al Marri as the new chief of Dubai Police, a day after Sheikh Mohammed ordered the promotion of Al Marri from the rank of Brigadier to that of Major General. Al Marri was […]
The US broke its long drought of hot technology initial public offerings on Thursday as shares in Snap soared more than 40 per cent in their market debut despite questions about corporate governance and profitability at the owner of vanishing messaging service Snapchat. A pack of traders huddled around the desk of Snap’s designated market maker for more than an hour after the opening bell at the […]
She was arrested and charged with supporting terrorism, not because of her novels but as a result of her affiliation, as an adviser, with a newspaper linked to the Kurdish movement that has since been shut down. She still faces a trial that could land her back in prison, and with that hanging over her, she has been living with her mother, sleeping late, not writing much […]
The Fitbit Blaze The wearables market is under constant scrutiny for its growth potential, but despite a few moments of uncertainty, 2016 turned out to be a blockbuster year for the category overall. According to the latest data from IDC, Wearable shipments globally hit an all-time high of 33.9 million units in Q4 2016, an increase of nearly 17 percent year over year. Shipments for the entire […]
