/by Arabian Post Staff/The global growth of asset management stalled as the industry in 2015 recorded its worst year since the 2008 financial crisis, according to a report by The Boston Consulting Group (BCG). Growth in assets under management (AuM) stalled—or in the case of the Middle East declined 10%—and net new flows of assets, revenue growth, and revenue margins all dipped lower in 2015, according to […]
Any Dropbox users who haven’t updated their passwords over the past four years should do so immediately because more than 68 million records from Dropbox accounts hacked in 2012 have now appeared online, the file sharing and online storage company said. First reported by Motherboard yesterday, the Dropbox files showing up online included both user email addresses and hashed passwords. The information appears to have stemmed from […]
BRUSSELS The European Commission rejected on Thursday Apple’s criticism that an EU order to the company to pay back taxes to Ireland was political, noting the calculations were based on facts and Apple’s own data. In an interview with the Irish Independent, Apple Chief Executive Tim Cook on Thursday described the EU’s imposition of a 13 billion euro ($14.5 billion) back tax bill as “total political crap” […]
/By Matien Khalid/I have been bullish on emerging market debt as an asset class since last autumn. Even though the Chinese yuan devaluation was toxic, this asset class is up 12% in 2016, thanks to almost $5 billion in cash inflows. The tax amnesty in Indonesia, the political changes in Brazil after President Dilma’s impeachment, the election of a center-right pro-business government and $16 billion sovereign debt […]
James Cook University, University of Sydney and Queensland University of Technology scientists working with laser data from the Royal Australian Navy have discovered a vast reef behind the familiar Great Barrier Reef. JCU’s Dr Robin Beaman says the high-resolution seafloor data provided by LiDAR-equipped aircraft have revealed great fields of unusual donut-shaped circular mounds, each 200-300 metres across and up to 10 metres deep at the centre. […]
Using the world’s most powerful telescopes, an international team of astronomers has found a massive galaxy that consists almost entirely of dark matter. The galaxy, Dragonfly 44, is located in the nearby Coma constellation and had been overlooked until last year because of its unusual composition: It is a diffuse “blob” about the size of the Milky Way, but with far fewer stars. “Very soon after its […]
By Heather Somerville | SAN FRANCISCO SAN FRANCISCO Chinese powerhouse Didi Chuxing’s acquisition of Uber Technologies Inc’s China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game. On the day the Didi deal was announced earlier this month, Uber board member Bill Gurley said Uber’s rivals in other markets had a slim chance […]
In-depth review charts the scientific understanding of rainbows and highlights the many practical applications of this fascinating interaction between light, liquid and gas. There’s more to rainbows than meets the eye. Knowledge gained from studying these multicoloured arcs of scattered light can be incredibly useful in ways that may not immediately spring to mind. Rainbow effects can warn of chemical contamination in the atmosphere, help to develop […]
In a paper presented today at the Association for Computing Machinery’s special interest group on data communication (SIGCOMM) conference in Florianópolis, Brazil, a team of computer science researchers at the University of Massachusetts Amherst led by professor Deepak Ganesan introduced a new radio technology that allows small mobile devices to take advantage of battery power in larger devices nearby for communication. Ganesan and his graduate students in […]
Two years after being acquired by Facebook, the messaging service WhatsApp said it will coordinate more with its parent company to make it easier for businesses to communicate with its users. However, WhatsApp said it’s rolling out those changes in a way that doesn’t expose users to third-party banner ads and spam. WhatsApp revealed the coming changes in a blog post today centered around updating its terms […]
By Ben Gruber | CAPE CANAVERAL, Fla. CAPE CANAVERAL, Fla. NASA scientists are putting the finishing touches on a spacecraft designed to rendezvous with Asteroid Bennu in 2018 to find clues about the origins of life. “We are days away from encapsulating into our rocket faring and lifting this spacecraft on to the Atlas V vehicle and beginning the journey to Bennu and back,” Dante Lauretta, the […]
T-Mobile and Sprint began yet another duel yesterday by unveiling rival wireless plans with unlimited data usage. Their announcements came just one day after AT&T unveiled new wireless service plans it said will eliminate data overage charges for customers. Starting at $70 per month for one line, the new T-Mobile One plan comes with several caveats, including slower data speeds after customers exceed 26 GB in a […]
By Eveline Danubrata and Glenys Kirana | JAKARTA JAKARTA Asian fans of smartphone game Pokemon Go are hunting out the best telecom providers and network gear to overcome the hurdle posed by patchy network signals in their race to capture virtual cartoon characters. From Indonesia to Hong Kong and Cambodia, the wild popularity of Nintendo’s (7974.T) augmented reality app is also driving lifestyle changes for many gamers, […]
By better integrating its Inbox software with calendar apps, Salesforce aims to make it easier for sales and marketing professionals to access customer data during meetings and on the go. Coming out in October, Salesforce’s new Inbox Calendar boosts the company’s existing email support by linking customer relationship management (CRM) data to a user’s calendar. Announced earlier this week, Salesforce Inbox Calendar was developed to help sales […]
UAE. A new study released today by global strategy and management consulting firm A.T. Kearney concludes that autonomous driving will trigger the 21st century’s first major wave of growth. Key findings from the report, ‘How Automakers Can Survive the Self-Driving Era’, are based on interviews with more than 150 automotive decision-makers around the world. A.T. Kearney consultants sought to identify the products, services and partner strategies with […]
Starting Sunday, AT&T is launching new wireless plans that it said will eliminate data overage charges for customers. Instead of generating extra fees once they exceed their monthly data caps, the network speeds of customers with Mobile Share Advantage plans will be slowed down to limit further data consumption. Verizon, the largest wireless company in the U.S., made similar changes to its mobile plans last month with […]
A new certification program is aimed at assuring users that USB Type-C chargers won’t damage their devices or fail to provide adequate charges. Announced yesterday by the USB Implementers Forum (USB-IF), the program sets compliance standards for original equipment manufacturers of USB-C products. Introduced in 2014, the USB-C standard for universal serial bus connections is a more compact type of connector that’s easier to plug in and […]
By Tom Bergin | LA HULPE, Belgium LA HULPE, Belgium More than a dozen current and former board directors and senior managers of SWIFT, the bank messaging system that helps transmit billions of dollars around the world every day, have told Reuters that the organisation for years suspected there were weaknesses in the way smaller banks used its messaging terminals – but did not address such vulnerabilities. […]
Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker’s global workforce, technology news site CRN reported, citing sources close to the company. San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization. (bit.ly/2bEQfa3) Apart from Cisco, the other […]
As more and more enterprises give up license-based software in favor of faster, more convenient cloud services, the software industry itself is changing dramatically, according to a recent report from the advisory firm PwC (formerly known as PricewaterhouseCoopers). Although legacy software companies that have moved into the cloud are reaping the benefits of the growing “as-a-service” ecosystem, they are also facing some risks. The “PwC Global 100 […]
For more than 120 years the Venus Table of the Dresden Codex — an ancient Mayan book containing astronomical data — has been of great interest to scholars around the world. The accuracy of its observations, especially the calculation of a kind of ‘leap year’ in the Mayan Calendar, was deemed an impressive curiosity used primarily for astrology. But UC Santa Barbara’s Gerardo Aldana, a professor of […]
While it already offers several ways for users to make video calls over various platforms, Google today launched a new phone-based app called Duo that’s designed for simplicity. Available for both Android and iOS smartphones, Google Duo doesn’t require anything more than a phone number to launch once the app is downloaded. Unlike Google’s Hangouts messaging, voice and video calling tool, people don’t even need Google accounts […]
Now, all you need is a phone number to start a video call with any contact who uses an Android- or iOS-based smartphone. Google on Tuesday launched Google Duo, pitting it directly against Apple Inc’s (AAPL.O) FaceTime, which allows video calls only between Apple devices. Duo will also compete with Microsoft Corp’s (MSFT.O) video-calling app Skype, Facebook Inc’s (FB.O) Messenger and even its own Hangout app. Duo […]
Recent findings indicating the possible discovery of a previously unknown subatomic particle may be evidence of a fifth fundamental force of nature, according to a paper published in the journal Physical Review Letters by theoretical physicists at the University of California, Irvine. “If true, it’s revolutionary,” said Jonathan Feng, professor of physics & astronomy. “For decades, we’ve known of four fundamental forces: gravitation, electromagnetism, and the strong […]
