US biotechnology stocks have surrendered much of the gains accrued in the wake of last month’s presidential election after comments from Donald Trump stoked concerns that the incoming administration will crack down on rising drug prices. The Nasdaq biotechnology index has skidded almost 4 per cent from Tuesday’s closing level after the president-elect told Time Magazine that he does not “like what has happened with drug prices” […]
There is some merit to both rationales, but I’d also like to suggest a third possibility: Navy’s gaming the system. Continue reading the main story For instance, have you ever heard of the Naval Academy Preparatory School, or NAPS as it’s called? In Newport, R.I., close to the Naval War College, NAPS was founded in 1915 as a place where enlisted men with officer potential could get […]
Data — or lack of the right data — may be the Achilles Heel of the digital movement. Successfully making the move to digital nirvana requires data — lots of it, and in the right places, available to the right people and systems at the right time. Photo: HubSpot Unfortunately, organizations still do not have a handle on the data challenge. As expressed in a new McKinsey […]
For a quick study in market blindness, look at how an obscure US fund reacts to events in a country where markets do not even exist. Nearly two years ago US president Barack Obama and Cuban president Raúl Castro jointly announced their intent to rejuvenate the diplomatic and commercial relationship between their two countries. Until that day, the Cuba closed-end fund had historically traded beneath its net […]
On December 19, Samsung will release a software update to all remaining Note 7 devices in the US that will stop the devices from working. According to the update posted December 9 on Samsung’s recall website, 93 percent of all recalled Note 7 devices in the US have been returned. The impending software update will stop the Note 7 from charging, and “eliminate their ability to work […]
Photo President Recep Tayyip Erdogan of Turkey visiting the mausoleum of an Islamic scholar in Samarkand, Uzbekistan, last month. Credit Pool photo by Kayhan Ozer, via Associated Press ISTANBUL — Almost a century after the disintegration of the Ottoman Empire, Turkey’s president, Recep Tayyip Erdogan, and his supporters believe that they can restore the empire’s former glory. Stroll through the streets of any Turkish city and you […]
When it comes to tablets, the two that I hear the most about from consumers are Apple’s iPad and Amazon’s Fire range. It’s pretty much like everyone else has given up on tablets and left the market to these two behemoths. But which offers the best holiday tablet? See also: How to make the rechargeable battery in your smartphone, tablet or laptop last for years The first […]
This is part of a series on the global rise of exchange traded funds The morning after the US election Steven Bregman, a New York-based hedge fund manager, began to notice something strange going on in a corner of the stock market. His screen showed that shares of gold mining companies were being sold indiscriminately, falling by double digits, even though the price of gold itself had […]
Published 10/12/2016 | 09:58 Share At least 45,000 displaced as rescue operations near end in Indonesia’s quake-stricken Aceh Independent.ie http://www.independent.ie/world-news/australasia/at-least-45000-displaced-as-rescue-operations-near-end-in-indonesias-quakestricken-aceh-35283388.html http://www.independent.ie/incoming/article35283366.ece/8d538/AUTOCROP/h342/indonesia021.jpg Muslims attend Friday prayers at Jami Quba mosque which collapsed during this week’s earthquake in Pidie Jaya, Aceh province, Indonesia December 9, 2016. REUTERS/Darren Whiteside Muslims attend Friday prayers at Jami Quba mosque which collapsed during this week’s earthquake in Pidie Jaya, Aceh province, Indonesia December […]
In this part of the world, the debate is not just theoretical. Terrorism is an everyday reality, and the role that Facebook and other social media sites may play in inspiring it generates deep emotion. Israel has pushed to combat online provocation that it links to bloodshed. Palestinians consider a crackdown on Facebook posts just another tool of repression by an occupying power. Continue reading the main […]
Screens from the Starbucks mobile app. At its annual meeting with investors on December 7, Starbucks executives outlined a bevy of initiatives involving new store formats, expanded food offerings, and new premium coffee beverages — but the other big story to come out of the coffee giant’s corporate hobnobbing was how the company’s use of technology has turned the brand into a digital innovation machine. Starbucks, which […]
The Dubai Land Department is cleaning out unscrupulous real estate agents and greedy landlords in a bid to polish the emirate’s reputation as a transparent property market attractive to investors across the world. In an exclusive interview with Arabian Business, Ali Abdulla Al Ali, director of the Dubai Land Department’s (DLD) real estate licensing division, says several new initiatives introduced this year are already showing benefits. Al […]
Global investors are turning their backs on French government bonds, reflecting alarm over the capacity for next year’s presidential election to deliver another shock to the eurozone and financial markets. A pronounced drop in French sovereign bond prices suggests they are being treated less like those of a core European economy and more like securities issued by the region’s least creditworthy countries. The selling has pushed the […]
Two leading Netgear routers are vulnerable to a severe security flaw. (Image: Netgear) An advisory posted on Friday in Carnegie Mellon University’s public vulnerability database (CERT) said that Netgear’s R7000 and R6400 routers, running current and recent firmware respectively, are vulnerable to an arbitrary command injection flaw. If exploited, the vulnerability could let an unauthenticated attacker run commands with root privileges. The code to exploit the vulnerability […]
Yet Mr. McLaren suggested that the full extent of the cheating might never be known. “It is impossible to know just how deep and how far back this conspiracy goes,” he said on Friday, calling the “immutable facts” of his report clear but far from comprehensive. “For years, international sports competitions have unknowingly been hijacked by the Russians.” Continue reading the main story Mr. McLaren concluded last […]
At a recent media roundtable discussion about the future for wearables, hosted by Vivalnk, I was sitting next to two doctors who have been working in this field as advisers. They told me they don’t know what to do with all the data that patients keep sending them from their wearables, heart rate, steps taken, etc. And some wearables collect data on biometric data that’s unknown to […]
Opec’s first supply cut in eight years looks set to earn the 13-member cartel an extra $5bn a month in revenues. The 15 per cent rally in oil prices since last Wednesday’s agreement looks like an impressive return from a marginal cut in output, even if the deal was months in the making. Beyond the headline price reaction the market has thrown Opec a curve ball. Oil […]
Journalism took a beating in 2016. Donald Trump was elected president, thwarting pollsters and shaking off seemingly endless fact-checking. News organizations continue to lay off journalists as Facebook and Google gobble up the advertising market. And trust in media sunk to an all-time low, helped along by abuse on the campaign trail. Despite that, a former whistleblower thinks journalism still has the power to make big changes. […]
From spray-on skin for burns victims, the electronic pacemaker, the Gardasil and Cervarix cancer vaccines, or finding the medical application of penicillin, Australia has a reputation of birthing a number of medical innovations that have changed the global healthcare industry. In 1967, Sydney-based Dr Graeme Clark began researching the possibilities of an electronic implantable hearing device, and by 1978, the first ever Cochlear implant was performed. Cochlear […]
It is a story of the markets against the US Federal Reserve — and so far, the markets have been on the right side of the call. Bond market movements have this year proved a better guide to potential shifts in benchmark rates than has the Fed’s official range of projections. But as Donald Trump prepares to take power amid expectations that the Fed will next week […]
(Image: file photo) The good news is developers are looking very closely at Linux’s core code for possible security holes. The bad news is they’re finding them. At least the best news is that they’re fixing them as soon as they’re uncovered. The latest three kernel vulnerabilities are designated CVE-2016-8655, CVE-2016-6480, and CVE-2016-6828. Of these, CVE-2016-8655 is the worst of the bunch. It enables local users, which […]
JERUSALEM — After years of obfuscation and a high-profile dispute concerning an esteemed New York rabbi who converted Ivanka Trump, Israel’s rabbinical authorities announced this week that they would convene to establish clear criteria for recognizing Orthodox conversions done abroad. The rabbis also said that under the new criteria, Ms. Trump’s conversion, which had been in some doubt in Israel, likely would be considered legitimate. More broadly, […]
Turbulence created by wind turbines may help corn and soybeans by influencing variables such as temperature and carbon dioxide concentration, according to research. The project drew on data generated by research towers set up on a 200-turbine wind farm in Iowa. (via WSJ)
December is always marked by a run of fantastic journalism from news organizations across the United States. The flood of ambitious work nearly always coincides with the publication deadline for the Pulitzer Prizes (Dec. 31), as newsrooms gear up for journalism awards season. Here’s a quick look at some of the most ambitious journalism that’s been published recently. If you know of a great project that I […]
