Now the hard work begins. The supply agreement agreed by Opec on Wednesday sent oil prices soaring above $50 a barrel but there are many reasons for caution, not least in making sure no one cheats and producers from outside the cartel also contribute. While the deal looks straightforward, it is anything but and the devil is in the detail. The conference documents released on Wednesday evening […]
The Congress party’s official Twitter account was apparently hacked Thursday morning, a day after its vice president Rahul Gandhi’s feed erupted with abusive tweets following a similar breach. “Congress can kiss our ass” one tweet from @INCIndia read. Another promised a “full dump” of Congress emails in what it described would be a “Christmas special.” On Wednesday night, a series of tweets from @OfficeofRG ridiculed Mr. Gandhi and […]
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A computer model has been developed to predict the onset, duration, and magnitude of influenza outbreaks for New York City boroughs and neighborhoods. They found the model effective in a test using data from 2008-2013. (via WSJ)
The month that stunned investors with Donald Trump’s US election victory was a record-breaker in markets. The prospect of big tax cuts and fiscal spending from the incoming administration has stirred the market’s animal spirits, driving Wall Street into record territory, while bond prices have been hit hard by expectations of higher inflation. Here is how November played out in numbers: 13 — The dollar index — […]
In a wide-ranging interview, Steve Ballmer this week was asked to explain what went wrong with Microsoft’s smartphone business. He pointed to skepticism over iPhone carrier subsidies, but I have another idea. As someone who was burned by the iPhone, I know why Microsoft screwed up. Since I was unable to secure any hands-on time with the iPhone prior to its release, I based the […]
That correspondent had never stepped foot in the camp. I hadn’t expected to either, until I was invited on an extensive tour of the occupied West Bank, including East Jerusalem, and was asked to choose a subject to write about, for a book to be published next year. With no previous experience in the region, and little knowledge, I gravitated instinctually to Shuafat camp. From my own […]
The Indian Parliament’s canteen–where Prime Minister Narendra Modi was photographed digging into a vegetarian lunch last year–now boasts a card machine to help lawmakers pay for their meals in the midst of a cash crunch. The move comes after parliamentarians said they faced problems settling their bills in the canteen following the government’s action last month to replace large currency bills to curb corruption. The canteen serves […]
In this Feb. 25, 2014 file photo, theSamsung Galaxy S5 is displayed at the Mobile World Congress in Barcelona, Spain, Tuesday, Feb. 25, 2014. Leading tech companies are increasingly nudging consumers to use their own fingers, faces and eyes as digital key to unlock phones and other gadgets. But there are downsides: Hackers could still steal your fingerprint, or its digital representation. And police may have broader […]
Australia would have a far healthier parliament if there were more engineers in it, NSW Minister for Innovation and Better Regulation Victor Dominello MP said on Thursday. Speaking at the Reimagination Thought Leaders Summit 2016, Dominello pointed out that the government is predominantly comprised of lawyers, who are trained to think a certain way. That particular thought process is slowing down progress, he said. “Lawyers don’t think […]
Gold has suffered its worst month since mid-2013, as the election of Donald Trump, the rising dollar and increased expectations of a US rate rise combined to send prices down 8.1 per cent in November. The fall to $1,173.20 per troy ounce marked the steepest monthly sell-off since June 2013, when the precious metal lost 11 per cent in the wake of the so-called taper tantrum. November’s […]
The opposite of a bank run, it turns out, isn’t a good thing either. In the case of India, it is a total banking mess. India’s big bang demonetization program, aimed at rooting out “dirty” money from the economy, has forced $80 billion worth of old rupee notes into bank vaults. At first, this seemed like a boon for banks, who were suddenly flush with cheap funding. […]
Pursglove would soon learn, however, that navigating this offshore archipelago is not easy. In any given year, trillions of dollars sit safely in the offshore financial world, effectively stateless, protected by legions of well-compensated defenders and a tangle of laws deliberately designed to impede creditors and tax collectors. Even the United States government finds it challenging: A special Internal Revenue Service division known as the “wealth squad,” […]
Saudi Arabia is boosting the firepower of its sovereign wealth fund to accelerate deal-making and lessen the country’s dependence on oil. The Public Investment Fund is receiving a 100 billion-riyal ($27 billion) transfer from official reserves, according to a statement Wednesday on the SPA official news agency, increasing its existing assets by about 17 percent. The injection will help the fund diversify investments and revenues, it said. The […]
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A Cellebrite engineer explains the technology used to unlock smartphones and pull data It only takes a few seconds for an employee of one of the world’s leading hacking companies to take a locked smartphone and pull the data from it. Israeli firm Cellebrite’s technology provides a glimpse of a world of possibilities accessible to security agencies globally that worry privacy advocates. The company has contracts […]
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NEW DELHI—India released economic data on Wednesday that confirmed its place as an outlier in a low-growth world, and Prime Minister Narendra Modi has promised further steps to encourage investment and modernize bureaucracy. But with his latest step, Mr. Modi has left India’s star looking a lot dimmer, at least for the time being. Three weeks after his government abruptly canceled India’s largest bank notes to drill […]
Thursday 06:00 GMT Overview Markets across Asia saw a day of solid gains as oil continued to trade higher following Opec’s decision to cut output for the first time since the financial crisis and as Japanese stocks benefited from recent weakness in the yen. European bourses are expected to open little changed, with spreadbetters predicting the UK’s FTSE 100 will add 2 points to 6,785 and Germany’s […]
From December 15, any Note 7 handsets that are still being used in Australia will start to be blocked at the network level. The move comes a month after the Korean giant teamed up to block the Note 7 in New Zealand. Samsung said in a statement on Thursday that a “small number” of affected handsets remained with customers, and those impacted by the change should power […]
He is now one of just a few surviving witnesses to the Islamic State’s killings in Hamam al-Alil. One evening around 8 p.m. several weeks ago, he said, he watched from his rooftop as eight minibuses drove toward the area where the mass grave was discovered, and he heard gunshot after gunshot. “I saw Daesh bury 200 bodies over here,” he said, using an Arabic acronym for […]
This classic fragrance from 2010 gets a new brand ambassador of the comic book variety (Captain America’s Chris Evans is out, in comes the Joker himself, Jared Leto). Despite the change in faces, the fragrance itself remains unchanged. It’s a powerful mix of zesty lemon and cool lavender with a hint of spicy pepper. It’s bold but not overpowering, and certainly lends itself well to a night […]
Fitbit is in advanced talks to acquire Pebble, the smartwatch pioneer and darling of crowdfunding site Kickstarter, according to several people close to the negotiations. The deal, which is in its closing stages but has not been completed, would bring intellectual property and new expertise in wearable devices to Fitbit at a time when the fitness-tracker maker is looking to expand its product range. Pebble has raised […]
NEW DELHI–When top American naval engineers recently inspected India’s first locally made aircraft carrier they expected to find a near battle-ready ship set to help counter China’s growing sway in the Indian Ocean. Instead, they discovered the carrier wouldn’t be operational for up to a decade and other shortcomings: no small missile system to defend itself, a limited ability to launch sorties and no defined strategy for […]
