Cronologics Google has acquired the team behind Cronologics, a company focused on the development of operating systems suitable for wearable devices. Started in 2014 by former Google business employees, the company hoped to one day create the go-to platform for smartwatches. With the introduction of Android Wear and Apple watchOS, this dream did not come to fruition, but there is still a future for the startup’s team. […]
Dec 12, 2016 10:08 am IST As more airlines roll out in-flight internet and regulators loosen rules governing wireless devices on planes, one country is a holdout in continuing to prohibit passengers from using Wi-Fi on board: India. Home to the fastest-growing major air-travel market and a galloping economy, India hasn’t consented to the use of onboard Wi-Fi in its airspace due to security concerns. Carriers including […]
Algebris Investments, a London-based asset manager, is seeking to raise €1bn for a second fund aimed at Italy’s non-performing loans as investors’ interest in what’s been the Achilles heel of the country’s banking sector intensifies. The launch by Algebris, which has $6bn in assets under management, comes amid increased focus by foreign investors on the potential of Italy’s pile of €360bn of problem loans, of which €200bn […]
By the late 1970s, a decade after horrific riots, the Pistons had fallen on hard competitive times, along with the city, and out they went to a charmless football dome in distant Pontiac, Mich., and later to the basketball-specific Palace of Auburn Hills. A team in a sport played increasingly by young black men fled the city while hockey’s white-as-ice Red Wings stored their gloves and sticks […]
Michael Moritz – chairman of Sequoia Capital and one of the most successful venture capitalists in history – says a simple vision led him to invest hundreds of millions of dollars in on-demand delivery startups. “The movement of goods and services and people, by easier, more convenient means,” he said in an interview. “That’s a huge trend, enabled by smartphones.” Led by Sequoia and another blue-chip Silicon […]
Dubai’s transport authority on Monday denied a newspaper report that it is to begin issuing driving licences to 16-year-olds. Following the media report, the Roads and Transport Authority (RTA) put out a tweet saying it denied agreeing to the move to lower the age of consent for driving in the emirate. In October, it was reported that a Dubai Police senior official had supported the idea of […]
CARACAS, Venezuela—Venezuela is taking nearly half the country’s bank notes out of circulation beginning Wednesday, threatening to ruin the holidays season for Venezuelans already suffering from dire cash shortages, hyperinflation and an economic meltdown. The country’s largest bill, worth 100 bolivars or just 3 U.S. cents on the black market, is to become illegal, in a move designed to combat contraband along Venezuela’s borders, the government said. […]
International heads of state named on the rolls of clandestine companies in tax havens. Canada’s big banks facilitating tax avoidance through thousands of offshore enterprises. Strawmen fronting businesses to mask the identities of the real owners. After a year-long investigation into 11.5 million leaked tax haven documents, the Panama Papers were finally made public last April — and they landed like a bomb. […]
Former Center for Public Integrity data editor David Donald, a pioneer and leader in the development of modern computer-assisted reporting worldwide, died Saturday at Reston Hospital Center in Virginia after a year-long battle with cancer. He was 64. Donald was one of the early and most successful practitioners of data-based, investigative journalism that relied on computer analysis. He became a passionate Pied Piper for such reporting, crisscrossing […]
Tuesday 02:10 GMT Overview Stocks around Asia were on the back foot after Wall Street fell back from record highs while the dollar softened and oil prices struggled to extend gains. Hot topic China has popped back on to investor radars, with mainland stocks falling on Monday by the most in months in the wake of authorities ramping up efforts to crack down on risky equities investments. […]
Photo Kayla Harrison plans to take up mixed martial arts in the World Series of Fighting, and hopes “to see it go more toward the professional route.” Credit Earl Wilson/The New York Times Only one American has ever won an Olympic gold medal in judo: Kayla Harrison. And she has won two, in London in 2012 and in Rio this year. Yet despite her achievements, Harrison is […]
TechnologyOne, an enterprise software company listed among the ASX 200, has claimed the Australian Taxation Office’s (ATO) corporate tax transparency report, which states the company has paid less than 30 percent tax in the 2014-15 financial year, is “both confusing and misleading”. The company’s executive chairman Adrian Di Marco said TechnologyOne’s effective tax rate would have been 30 percent had the government research and development (R&D) tax […]
Dec 12, 2016 12:46 pm IST Air pollution in New Delhi spiked again last week, covering the city in a thick, toxic smog that resulted in reduced visibility, as harsh winter days approach. The Indian capital’s air quality has been at hazardous levels for much of the past week, according to measurements taken by the U.S. embassy. Real-time air quality data from India’s Central Pollution Control Board […]
The top Republican in the US Senate has backed an investigation into allegations that the Kremlin engaged in a hacking campaign to influence November’s presidential election. It is the most serious break yet between President-elect Donald Trump and his party’s traditional leaders in Washington. Mitch McConnell, the Senate majority leader, said that Congress would probe the allegations following the disclosure of a Central Intelligence Agency report which […]
Google on Monday signed a deal with Cuba’s state-run telecommunications provider, bringing the Google Global Cache to the communist country. The deal won’t expand internet access in the communist country, but it will give Cubans who already have internet access faster connections to Google-branded content. Eric Schmidt, chairman of Google’s parent company Alphabet, was in Havana to sign the deal with Mayra Arevich Marin, president of state […]
Trading volumes across markets have soared following the US presidential election, a boon to Wall Street investment banks as money managers prepare for a new environment under the future Trump administration. Since the November election result, there have been seven days when more than $20bn of investment grade debt has traded hands — a level that had previously only been breached 18 times since data has been […]
MANAMA, Bahrain — The political shock waves from the American presidential election are being felt here in the Persian Gulf, where diplomats, military commanders and other senior leaders say they are both fearful and excited about which Donald J. Trump shows up after he is sworn in as president on Jan. 20. Will it be, they ask, the President Trump who has vowed to cut off American […]
Pakistan International Airlines said Monday it has grounded all its ATR turboprop aircraft for checks, a week after one of the planes crashed, killing 48 people on board. The country’s civil aviation regulator ordered “shakedown” tests of PIA’s entire ATR fleet after an engine on another of the planes stalled before take-off Sunday night. The move forced around a third of the airline’s flights to be cancelled […]
DUBAI // A fire broke out on Monday night at the Oceania building on Palm Jumeirah. Eyewitnesses at the scene said that the fire broke out at 11pm Monday night on what seemed like the upper stories of the building. Dubai Civil Defence sent an emergency team shortly after the fire erupted and Dubai Media Office tweeted that “the building was safely evacuated and no injuries were […]
Donald Trump has named Goldman Sachs president Gary Cohn to head the White House National Economic Council, marking his third top appointment from the ranks of the bank despite his pledge to sever links between Wall Street and Washington. The appointment of Mr Cohn, who serves as chief operating officer, leaves Goldman nursing another big departure from its leadership team just weeks after the news that the […]
BMC announced Monday that Peter Leav is joining the enterprise software firm as its new president and CEO. Leav comes to BMC from Polycom, the global collaboration company where he served as president and CEO for the last three years. He’s succeeding Bob Beauchamp, who will continue to serve as chairman of the Board of Directors for BMC. BMC, which went private in 2013, is entering its […]
Abu Dhabi’s hosting of the Formula One championship showdown race last month helped raise the fortunes of hoteliers in the emirate, according to data from industry analysts STR. Despite a year-on-year decrease, the absolute level of average daily rates would be the highest in Abu Dhabi since last November, boosted by visitors coming to see Lewis Hamilton and Nico Rosberg go head-to-head for the world title, STR […]
“It was horrible.” For New York City commercial litigator Donald J. Tobias, those three words have been the bane of his existence. Some time earlier this year, a Google user named “Mia Arce” posted those words as a review of his boutique legal practice in Manhattan. The three-word review accompanies a one-star rating that Google users can find just by searching Mr. Tobias’s name. The lawyer says […]
Following Friday’s report by RCB’s Charlie McElligott which sought to answer “THE” question every investor is asking, namely “what could derail this rally“, today’s the cross-asset strategist has released a follow up analysis in which he warns that even though the bond battering continues – and is likely to continue for a while – the market is now being set up for a “massive mean-reversion” counter-trend rally […]
