The oil industry is zeroing in on a prospective tax shift in Washington that has the potential to upend energy flows around the world. The “border adjustment tax” (BAT) put forth by Republican lawmakers and embraced sporadically by President Donald Trump would radically change the way companies are levied, taxing imports and exempting exports in the world’s biggest economy. While the Trump administration’s stance on BAT has […]
Indian Finance Minister Arun Jaitley outlined the country’s budget for the coming fiscal year in a presentation to Parliament on Wednesday. His speech— which The Wall Street Journal live blogged — went for more than two-hours and 30 pages. The full budget document is much longer but there are easier-to-absorb shortcuts to the budget basics on his website: indiabudget.gov.in The website has the full speech with annexes as well as a 15-page “Key Features […]
Logitech Spotlight, the name of Logitech’s new presentation remote, looks a lot like the original Apple TV remote. Its metal housing with curved edges fits comfortably in the palm of your hand. Buttons are sparse, with Spotlight having just three. The bottom of the remote is removable, revealing a USB dongle that automatically connects Spotlight to your computer. Alternatively, you can link Spotlight directly to your computer’s […]
Apple Chief Executive Tim Cook says India’s move to replace its largest-denomination bank notes with newly designed ones has presented a challenge in India, but the tech giant is still bullish on sales growth in the South Asian nation. Speaking on a call with analysts Tuesday after Apple announced last quarter results, Mr. Cook said “despite the demonetization move in India that created lots of economic pressure there last […]
The company rolling out the Australian government’s National Broadband Network (NBN) has revealed the fibre-serving areas that will likely receive fibre-to-the-distribution-point (FttDP) or fibre-to-the-curb network technology in replacement of the unusable Optus hybrid fibre-coaxial (HFC) network. In response to a Senate Estimates question on notice, NBN CEO Bill Morrow said the areas within the former Optus HFC footprint would “likely see the fibre-to-the-curb technology”. A breakdown of […]
If you’re going on safari, but don’t fancy roughing it, DesignQ’s latest concept plane may take your fancy. The design shop developed the ‘Explorer’ aircraft for BAE Systems (the global defence, security and aerospace company). It is the first of four concepts that will be released throughout 2017, all aimed at exploring the possibilities for the Avro Business Jet. The spacious layout includes a unique outdoor deck […]
By Jeffrey Dastin | SAN FRANCISCO SAN FRANCISCO Amazon.com Inc plans to invest $1.49 billion to build a large air cargo hub in northern Kentucky, state officials said on Tuesday, stoking expectations it may one day opt to directly compete with FedEx Corp and United Parcel Service Inc. The world’s biggest online retailer has agreed to a 50-year lease for about 900 acres of property from Cincinnati/Northern […]
The Federal Reserve is likely to hold rates unchanged on Wednesday but keep the markets primed for further monetary tightening as it surveys steady growth and a tightening labour market. Recent statements from Fed chair Janet Yellen have suggested that she does not want to rush into a third rate increase, but that she also has no intention of letting the US economy overheat. This points to a […]
Brady, Coach Bill Belichick and the Patriots’ owner, Robert K. Kraft, also happen to be friends of the president, whose actions, including his temporary ban on refugees and restrictions on immigrants from some Muslim-majority countries, have been highly controversial. Continue reading the main story Of the transcripts provided for the interviews with 26 of the Patriots players and coaches and 28 of the Falcons players and coaches, […]
Wednesday 06:00 GMT Overview Stock markets across Asia were mixed after disappointing earnings and weak US data pushed Wall Street lower overnight. European bourses are expected to open higher, with spreadbetters predicting the UK’s FTSE 100 will add 34 points to 7,133 and Germany’s Dax to gain 70 points to 11,605. The rebound comes after Wall Street climbed sharply off its session lows on Tuesday, and index […]
Newsflash for American high school students — choose friends wisely, or they may end up costing you your education. In fact, new mathematical modeling from Arizona State University, Northeastern Illinois University, and the University of Texas at Arlington documents the exact statistical tipping point when positive parental influence — found to be the leading indicator of academic performance and whether or not a student will eventually graduate […]
On Saturday, as ripples of President Trump’s refugee ban began making news, Los Angeles Times Business Editor Kimi Yoshino suggested a different way to cover the story. Yoshino, who is married to an Iraqi refugee and whose family was detained at internment camps in World War II, saw people sharing their own stories on social media. Her idea: Let’s do something that captures that emotion. On Saturday, […]
According to the Chinese zodiac Google became a public company in the year of the Monkey, in August 2004. In Western culture we are familiar with the story of the three monkeys who very wisely: see no evil, hear no evil, and speak no evil. In some Asian cultures there is a fourth monkey: Do no evil. “Do no evil” is often misquoted as Google’s famous motto, […]
Data centers are the central point of many, if not most, information systems today, but the masses of wires interconnecting the servers and piled high on racks begins to resemble last year’s tangled Christmas-tree lights disaster. Now a team of engineers is proposing to eliminate most of the wires and substitute infrared free-space optics for communications. (via WSJ)
Over the past 2.4 billion years, oxygen particles from the Earth’s atmosphere have been streaming to the moon, researchers of a new study revealed. Observations Of Japanese Lunar Orbiter Kaguya Using data from studies of moon rocks and measurements taken by the Japanese lunar orbiter Kaguya, which was launched to study history, surface, and local gravitational environment of the moon, researchers found evidence that the moon may have […]
ABU DHABI // Customers are frustrated by sales calls from the two telecommunications operators and complaints filed to them have nearly doubled, the Federal National Council heard. Dubai member Hamad Al Rahoomi quoted a media report saying 13,000 complaints were made against Etisalat last year, while complaints to both Etisalat and du increased by 265 per cent from 2015. Mr Al Rahoomi said some of the complaints […]
Elliott Management, the activist investment group, has called for the removal of Klaus Kleinfeld as chief executive of Arconic, the specialist metals and components company created last year by the break-up of Alcoa, arguing that “current management’s persistent failure . . . has destroyed considerable shareholder value”. The fund manager, Arconic’s largest shareholder with direct control of 10.5 per cent of the group’s shares, and a further 1.6 per cent through […]
Photo Refugees at the Ja’adah camp in Iraq. Children who are most in need of assistance come from Syria, Yemen, Iraq, Somalia and Sudan. Credit Sergey Ponomarev for The New York Times Children who are most in need of emergency international assistance come from five of the seven countries covered by President Trump’s order barring entry to the United States, according to a United Nations report. The […]
For the London Metal Exchange, the traditional winter holiday lull in activity which affects most other financial markets comes almost a month later. Traders say that the influence of China in copper, aluminium and nickel markets, means their operations almost grind to a halt during the Chinese new year. The slowdown was clearly visible on Monday, with turnover in benchmark three-month copper futures falling to less than […]
By Kevin Dougherty and Allison Lampert | QUEBEC CITY QUEBEC CITY The French-Canadian student accused of killing six people during evening prayers in a Quebec City mosque had rented an apartment nearby, neighbours said on Tuesday, a sign he may have been targeting the house of worship. Alexandre Bissonnette, 27, was charged in court on Monday with six counts of premeditated murder and five counts of attempted […]
“I remember, when I was a youngster, we used to have to translate Erasmus. He was already travelling as a scholar 500 years ago.” Sir Eric Thomas, the retired vice-chancellor of the University of Bristol, is reminiscing about his Latin A-level classes, in which the journals of the 15th-century Dutch Renaissance scholar featured prominently. “Even all that time ago, the concept of there being an international community […]
Enterprise software firm 8common has announced that two federal government departments are now using its travel and expense management product, Expense8, in a bid to achieve greater transparency on the costs associated with public service staff travel. The federal Treasury has gone live with the Expense8 travel and expense management software-as-a-service (SaaS) solution, while the Department of Prime Minister and Cabinet is using Expense8 and planning the […]
Worries about the future of youth football are mounting as evidence of long-term cognitive dangers of playing the game grows. Continue reading the main story For years, the sport’s top officials have played down the science and insisted that tackle football could be played safely. Neurologists have found a degenerative brain disease, chronic traumatic encephalopathy, in an alarming number of former football players, and last year the […]
Capital Group, one of the world’s biggest investment groups and a cornerstone backer of upstart stock exchange IEX, wants the incoming Trump administration to stymie high-frequency traders by overhauling one of the US equity market’s biggest but controversial regulatory planks. Matt Lyons, global head of trading at $1.4tn Capital Group, was a big supporter of the anti-HFT exchange made famous by Michael Lewis’s book Flash Boys, making […]
