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  Submitted by Jayant Bhandari via Acting-Man.com, India’s Currency Ban – Part VI India’s Prime Minister, Narendra Modi, announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender. Linked are Part-I, Part-II, Part-III, Part-IV, and Part-V, which provide updates on the demonetization saga and how Modi is acting as a catalyst to hasten the rapid degradation of […]

It started off as one of those typical conversations you have when you’re in a foreign country and the taxi driver recognizes you to be a foreigner. “Where are you from?,” he asks, soon after I get into the bright yellow taxi cab, to which I reply “Sri Lanka.”“Beautiful country,” he responds.“Have you been there?” I ask him politely.“No, but my friend went there for a holiday. He […]

ABU DHABI // Motorists will pay more for their car insurance from January 1 when new tariff rates are introduced and companies pass on the cost of ambulance services and courtesy cars to customers. New maximum and minimum premiums will be set for third-party and comprehensive policies, depending on vehicle type. The UAE Insurance Authority has issued a new vehicle insurance tariff system, on which premiums are […]

Otsimo provides free games for autistic children to help improve attention spans using machine learning and gamification. Image: Otsimo Autistic spectrum disorders, or ASDs, impose huge costs, both human and economic, on sufferers, their families, and the community. The human toll, in terms of care and impaired relationships, is almost impossible to quantify. Looking at the US alone, the economic expenditure last year was estimated at about […]

Facebook faces a potential fine after the European Commission accused the social network of being misleading during the approval process of its $19bn takeover of WhatsApp. In a “statement of objections” on Tuesday, the European Commission charged the Silicon Valley giant with inaccurately claiming during the 2014 takeover that it was technically impossible to combine automatically user information from Facebook and WhatsApp. Facebook surprised its users this […]

Photo Andrey G. Karlov, left, with President Vladimir V. Putin of Russia at Ataturk airport in Turkey in October. Credit Osman Orsal/Reuters Russia’s ambassador to Turkey, Andrey G. Karlov, was killed by a gunman on Monday in Ankara, the capital. Turkish officials said the killer had been a police officer who, after shooting, shouted: “Don’t forget Aleppo! Don’t forget Syria!” Russia’s Foreign Ministry called the assassination a […]

The Turkish lira is climbing off its weekly lows this morning in the wake of the assassination of the Russian ambassador in Ankara on Monday and ahead of another key interest rate decision later today. At publication time, the lira has gained 0.35 per cent against the dollar to TRY3.5180 per dollar, having slumped to as low as TRY3.5340 in the aftermath of the shooting of Andrei […]

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Screenshot: ZDNet Telstra customers looking to download content from certain torrent sites will be denied access after the telecommunications provider has started blocking domain names in response to a Federal Court directive. The blocked access comes after the Federal Court of Australia last week determined that piracy sites The Pirate Bay, Torrentz, TorrentHound, and isoHunt, and their related domains, will need to be blocked by internet service […]

To appreciate this inherent tension, consider Hillary Clinton’s words from the second presidential debate: “It is important for us as a policy not to say, as Donald has said, we’re going to ban people based on a religion. How do you do that? We are a country founded on religious freedom and liberty.” Here Clinton establishes a minimum standard of liberal decency that few American Jews would […]

Italy’s bruised bank stocks are getting a welcome kick higher this morning after the country’s government asked the Italian parliament to authorise up to €20bn to help prop up its most troubled lenders last night. The request comes after long-standing concerns about the health of the Italian banking system, which lumbers under the highest bad loan pile in the eurozone. Rome’s finance minister Pier Carlo Padoan said […]

The newly opened location will expand company’s existing office portfolio, including several offices in Europe and recently announced US presence. 20 December 2016 Dubai, United Arab Emirates – Walkbase, a leading IoT analytics and marketing platform for retail, today announced the opening of its office in Dubai, UAE, resulting from a growing number of existing customer cases and ongoing discussions in the Middle East region. The decision to open […]

Simply getting onto the NBN, let alone making use of it, is impacting the functioning of 43 percent of businesses according to an Australian Communications and Media Authority (ACMA) survey [PDF] released on Tuesday. Only 22 percent of businesses said the NBN connection process was smooth, while businesses said the most common complaint was “ongoing service issues”, ACMA said. Conducted between April and May 2016, ACMA surveyed […]

Saudi Arabia’s crude oil exports fell in October by 176,000 barrels per day from the month before, despite high production, but its refined products shipments rose as the kingdom expands its refining power, official data showed on Monday. The world’s top exporter shipped 7.636 million barrels per day in October, down from 7.812 million bpd in September, according to data from the Joint Organizations Data Initiative (JODI). […]

The mysterious sound heard in Mariana Trench that has baffled scientists is likely a new baleen whale call that no one has heard before. The sound, which lasts up to 3.5 seconds, was recorded on several occasions from Autumn 2014 to Spring 2015 deep in the Mariana Trench Marine National Monument, one of the largest marine protected areas worldwide. Mysterious Sound Does Not Resemble Any Human Or Geologic […]

In moving 120 miles to the north, Spanos, of course, would risk alienating fans in San Diego, where the Chargers have played for more than a half-century. It is unclear how many of those fans would pay thousands of dollars for seat licenses and tickets, which would undoubtedly be more expensive in Los Angeles. “I’ll drive to L.A. to support them, but only a couple of games […]

Tuesday 02:20 GMT Overview Stock markets across Asia were largely on the back foot, with investors in the Japanese market treading particularly cautiously despite the yen weakening and the Bank of Japan keeping monetary policy meeting steady, as expected. Hot topic Global financial markets were beginning to quiet down in the lead-up to Christmas. Despite attacks in Germany and Turkey on Monday that added to geopolitical unease, […]

Reliance Jio is a great, big, and savvy Indian python that has recently slithered into the telecom space, threatening to swallow the lunch of existing incumbents like Airtel and Vodafone. The question is, will it end up swallowing itself tail-first as well? As I wrote a few months ago, and as you probably may well know, Mukesh Ambani, India’s oil to telecom billionaire who is not known […]

SHANGHAI/BEIJING Heavy smog engulfed large parts of northern China for a fourth straight day on Tuesday, with the environment ministry warning that some firms in the region were continuing to flout emergency restrictions and dozens of flights out of Beijing cancelled. Some power plants and chemical producers in the region had not scaled back operations in line with regulations, and drivers in Beijing had also been flouting […]

aNewDomain — Rex Tillerson, the ExxonMobil chief who Donald Trump has tapped to be the next US secretary of state, was the director of a Bahamas-based US-Russian oil firm, according to leaked documents in the Panama Papers. Tillerson ended the association with the Exxon subsidiary, Exxon Neftegas, in 2001, Exxon rep Scott Silvestri said Monday, a day after the Guardian and reporters at the International Consortium of Investigative Journalists reported the news. […]

Qatari banks Masraf Al Rayan, Barwa Bank and International Bank of Qatar have entered into initial talks for a potential merger, a statement said on Monday, in a deal that would create the Gulf state’s second-largest bank. The trio have begun initial discussions “to create a larger and stronger financial institution with a solid financial position and liquidity to support Qatar’s economic growth”, according to a joint […]

Qantas Group has selected SAP executive Susan Doniz to fulfil the role of CIO after undertaking a global search for Luc Hennekens’ replacement. Hennekens revealed his intention to leave the national carrier in July after three years of leading its technology operations. He moved to France to join Airbus Group as CIO after working his last day at Qantas in September. Doniz will relocate from Canada to […]

Video Bana al-Abed Escapes Aleppo Bana al-Abed, a 7-year-old Syrian girl whose Twitter account made her a face of the suffering in Syria, has been evacuated from eastern Aleppo along with thousands of other displaced citizens. By MEGAN SPECIA and YARA BISHARA on Publish Date December 19, 2016. Photo by Twitter/AlabedBana. Watch in Times Video » Bana al-Abed, a 7-year-old Syrian girl who became the face of […]

An Arab coalition fighting in Yemen said on Monday it would stop using British-made BL-755 cluster munitions in Yemen where thousands of civilians have been killed in 20 months of conflict. “The government of Saudi Arabia confirms that it has decided to stop the use of cluster munitions of the type BL-755 and informed the United Kingdom government of that,” Saudi state news agency SPA reported. The […]

If not for his colleague’s warning, the consequence could have been dire for Mr Muhamad Rozaidy. She called out: “Careful, there’s an oncoming vehicle!” Mr Rozaidy, 31, reacted quickly and drove his Kia Pregio from the middle to the left lane. Seconds later, a silver Mercedes blitzed past them against the traffic at a speed that he estimated was about 120kmh. He told The New Paper that […]

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