|By Arabian Post Staff| The trend of falling real estate prices in Dubai is expected to continue throughout 2017, real estate consultancy CBRE said in an annual report. “With an expanding pipeline of new units, current deflation trends are likely to continue throughout 2017, with many new homes set to complete, Mat Green, Head of Research & Consultancy UAE, CBRE Middle East said, The residential sector experienced […]
Oracle CEO Mark Hurd said the movement to cloud computing is driven by business realities as much — if not more — than technology. Speaking at his keynote at Oracle CloudWorld in New York, a regional tour designed to land cloud customers, Hurd said the global gross domestic product is growing at about a 2 percent clip. Half of the growth in the world is coming from […]
Ford has turned to jet fighters and racing cars as inspiration for the all-new digital dashboard that features in the latest incarnation of its GT supercar The “smart” digital display, which works in a way similar to those used in modern jet fighters and racing cars, shows data based on five special driving modes. “Driver focus and attention are key with such high performance,” said Jamal Hameedi, […]
Speaking of Kushner, I was told he refused to meet with a senior French diplomat after a demand from Trump Tower that the Paris conference be canceled was ignored. Get used to my-way-or-the-highway diplomacy with team Trump. U.N. resolution 2334 infuriated Prime Minister Benjamin Netanyahu of Israel, who called it “shameful.” He seemed surprised that ignoring Obama’s veto of an earlier settlements resolution in 2011 would have […]
Theresa May’s first big speech on Brexit since she became prime minister removed some of the political uncertainty that has dogged the pound. However, the messiness of the politics of Britain’s exit from the EU still tops the lost of reasons why sterling will remain under pressure. A list of the pound’s pros and cons quickly shows why it is languishing at levels last seen in the […]
Three years ago, The New York Times published its innovation report, an unsparing assessment of the newsroom’s many weaknesses. Nearly 100 pages long and full of words like “worrying,” “shrinking” and “upheaval,” the report described a New York Times that was in a digital standstill while competitors like BuzzFeed, Vox Media and The Washington Post were racing ahead. Today, The New York Times released the results of […]
In PwC’s 20th annual survey of CEOs worldwide, 38% (2016:35%) are very confident about their company’s growth prospects in the next 12 months while 29% (2016:27%) believe global economic growth will pick up in 2017 In PwC’s 20th annual survey of CEOs worldwide, 38% (2016:35%) are very confident about their company’s growth prospects in the next 12 months while 29% (2016:27%) believe global economic growth will pick […]
The company rolling out Australia’s National Broadband Network (NBN) has warned of possible civil works disruptions after announcing that it will begin extending fibre and cable broadband into major cities this year. Much of the disruption will occur as NBN needs to gain access to pits and existing infrastructure within high-density cities. “As the NBN network rolls out into cities, we will be met with new problems […]
BOSTON JPMorgan Chase & Co Chief Executive Jamie Dimon has been no fan of Institutional Shareholder Services and once called investors “lazy” if they cast votes in corporate elections based on recommendations from the leading proxy adviser or its rival. But JPMorgan itself turns out to be a close follower of ISS, at least when it comes to proxy votes on pay, new data show. JPMorgan (JPM.N) […]
Though people have tried to predict where it will strike, no one can ever really know what acts of terror the militant group ISIS will come up with next. In making itself known on social media, ISIS has shown that it knows how to hit the 21st century society where it hurts. Its newest act of modernizing technology for its own purposes comes in the form of commercial […]
Blume was working on a letter to a man who was angry about being profiled by the police in his community. She showed me some of Obama’s handwritten comments in the margins. He had underlined sentences and added exclamation points; the words he wrote were sparse, but Blume understood the code. “See?” she said. “You can break down the sections of his thoughts: I’m mad, too. My […]
Computers have long helped us with our analytic tasks at work. But new technology options mean we can now work with them in more collaborative and intuitive ways. At one level, this is nothing new: computers have been making business decisions for a long time. For example, people used to decide how much airline seats should cost or whether a credit card transaction was fraudulent. Computers now […]
The richest 1% of Indians hold 58% of the country’s total wealth, according to Oxfam India. The stark inequality in India is worse than the global data put out by the organization, which show that the richest 1% have more than 50% of the total world wealth, Oxfam said. The anti-poverty advocacy group released a report, “An Economy for the 99%” this week to coincide with the […]
Facebook is throwing its weight behind French tech by choosing Paris to launch its first official start-up incubator, as the battle heats up among European capitals to lure the best tech companies following the Brexit vote. The social media giant announced on Tuesday it had become a founding partner in Station F, a €250m start-up campus in central Paris that is set to be the largest in […]
Photo Celebrations erupted in the courtroom when the verdict was announced. Credit Mohamed El-Shahed/Agence France-Presse — Getty Images CAIRO — An Egyptian court on Monday upheld a ruling that said the government cannot transfer control of two key Red Sea islands to its main financial backer, Saudi Arabia, deepening a rift between the two Middle Eastern countries. The alliance between Egypt and Saudi Arabia, two of the […]
The US dollar is weakening this morning after comments from president-elect Donald Trump that the greenback was “too strong” against the Chinese currency. “Our companies can’t compete with them [Chinese companies] now because our currency is too strong. And it’s killing us”, Mr Trump told the Wall Street Journal. His comments have helped soften the dollar index, which measures the greenback against a basket of its major […]
Baidu has announced the appointment of Dr Qi Lu as its group president and chief operating officer, who will be responsible for the organisation’s products, technology, sales, marketing, and operations, effective immediately. Lu joins the search engine giant from Microsoft, where he served as the company’s global executive vice president and led Microsoft’s Office business. Prior to Microsoft, Lu was senior vice president in charge of search […]
The personal data of customers at a Victorian hunting authority has inadvertently been emailed out to strangers renewing their hunting licences. Victorian Game Management Authority customer data was sent to eight people renewing their game licences, with the state Department of Environment Land Water and Planning blaming “human error” for the lapse. The eight customers who received the emails have been contacted, and the department is confident […]
Tuesday 02.00 GMT Overview Stocks were putting in a mixed performance in Asia, while currencies fluctuated as markets braced for the impact of a speech by UK Prime Minister Theresa May laying out her administration’s Brexit blueprint. Hot topic The Japanese yen rallied as some traders initially sought havens, strengthening as much as 0.3 per cent before swinging back to be 0.1 per cent weaker at ¥114.26 […]
A year after embarking on a mission to develop autonomous flying cars, Airbus is set to test its autonomous airborne taxi prototype for one passenger by the end of 2017. The company envisions a world where, at the push of a button, vehicles can fly over traffic jams. Also, people would be able to book autonomous flying taxis using a mobile app. “One hundred years ago, urban […]
This year could usher in a new era for Amazon’s in the context of AI devices as reports suggest that the Amazon Echo will dominate the AI space in 2017. In 2016, the Amazon Echo dominated the sales and ended up being one of the top selling items on Amazon.com. Now, Forrester Research’s estimates suggest that 6 million Echo devices were sold in 2016. The Amazon Echo, features […]
Photo From left, Sami Mushaima, Ali al-Singace and Abbas al-Samea, who were convicted in a deadly police bombing and executed on Sunday morning in Bahrain. Credit Bahrain Center for Human Rights, via Associated Press BEIRUT, Lebanon — Bahrain executed by firing squad on Sunday three Shiite men convicted of killing three police officers in a bombing in 2014. The executions were condemned by human rights groups, which […]
Asset price movements in the past few weeks have pointed both to the upside and a major risk for the global economy and markets under a Trump administration. Enthusiasm over higher US growth powering the global economy has been tempered at times by worries that certain elements of the president-elect’s “America First” approach could undermine longstanding trading relationships, opening up the risk of economic and financial disruptions. […]
Telstra and Ericsson have announced achieving the encryption of data while in transit over a 10Gbps link between Australia and the United States by using telecommunications equipment and software provider Ciena’s 10Gbps wire-speed ultra-low latency encryption solution. Using what they call advanced optical encryption technology, the companies demonstrated the ability to secure data while in transit between Melbourne and Los Angeles without impacting speed, reliability, and latency. […]
