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Advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations Are robots coming for your job? Although technology has long affected the labor force, recent advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations, including highly skilled or “knowledge-based” jobs. Just a few examples: self-driving technology may eliminate the need for […]

By Vladimir Soldatkin and Rania El Gamal | KUWAIT KUWAIT A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. An earlier draft of the statement said the committee “reports high level of conformity and recommends six-month extension”. But the final statement […]

After a week dominated by questions over whether Donald Trump will be able to push his economic agenda through Congress, here are the questions FT markets reporters are asking in the final trading week of March. Will investors keep faith in Trump’s ability to drive tax cuts? That is the question facing equity markets after the White House failed to muster the support needed in the House […]

By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. Manufacturing is recovering from a prolonged slump, driven by the energy sector, bucking a slowdown in the broader economy. The Federal Reserve last week described business investment […]

HONG KONG Carrie Lam, who won an election to become Hong Kong’s first female chief executive on Sunday, is a former student activist who climbed the rungs of the civil service over 36 years, and a tough, capable and possibly divisive Beijing-backed leader. Lam, 59, most recently Hong Kong’s number two official, has to unify the Chinese-ruled city as public resentment swells at Beijing’s growing interference in […]

It was a bumper day for John McCain when on Friday Donald Trump’s Republican nemesis gloated as Trump’s “art of the deal” collapsed in the last minute, after the President and Ryan-led effort to repeal Obamacare suffered what appears to be a terminal setback. In the wake of Trump’s misfortune, McCain renewed his calls on Friday for a return to a legacy neocon status quo, when speaking […]

By James Pomfret and Venus Wu | HONG KONG HONG KONG A Beijing-backed civil servant, Carrie Lam, was chosen to be Hong Kong’s next leader on Sunday amid accusations that Beijing is meddling and denying the financial hub a more populist leader perhaps better able to defuse political tension. The majority of the China-ruled city’s 7.3 million people have no say in deciding their leader, who is […]

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A Bahraini appeals court has sentenced three people to death over bombings that targeted police patrols in a majority-Shiite village, the state-run news agency reported. Seventeen people were found guilty of various charges linked to the formation of a “dangerous terrorist cell that manufactured improvised explosives used against police” in the village of Kurayat west of the capital Manama, the Bahrain News Agency said. The agency said […]

SINDELFINGEN, Germany German Finance Minister Wolfgang Schaeuble, a key figure in Berlin’s handling of the euro zone crisis and Greece’s bailout programmes, won a ringing endorsement from his conservative party on Saturday to stand in September’s federal election. With 95 percent support, 74-year-old Schaeuble secured first place on the conservative Christian Democrats’ (CDU) list of candidates in the southwestern state of Baden-Wuerttemberg for the federal election to […]

Authored by Johnny Hopkins via The Aquirer’s Multiple blog, One of our favorite investors at The Acquirer’s Multiple – Stock Screener is Howard Marks. Howard Marks is Chairman and Co-Founder of Oaktree Capital Management, the world’s biggest distressed-debt investor. He’s known in the investment community for his “Oaktree memos” to clients which detail investment strategies and insight into the economy, and in 2011 he published the book The Most […]

BEIJING A Chinese court has ruled in favor of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported. Last May, a Beijing patent regulator ordered Apple’s Chinese subsidiary and a local retailer Zoomflight to stop selling the iPhones after Shenzhen Baili Marketing Services lodged […]

EVEN if it threatens to affect the legislative agenda of the 17th Congress, House Speaker Pantaleon D. Alvarez has vowed to pursue an impeachment case filed against Vice President Maria Leonor G. Robredo, justifying that, in doing so, the lower chamber is only doing its mandate under the 1987 Constitution.  “Whether it will affect or not [our legislative agenda], we are mandated by the Constitution to process all […]

Martin Fink’s vision starts with petabyte-scale memory systems. One of the keynotes at the recently concluded Non-Volatile Memory Workshop 2017 was given by Martin Fink, a 31-year HP veteran and newly appointed CTO of Western Digital. Martin ran HP Labs, and HP’s high-end server business, and has been thinking about memory-centric computing for years. If the terms “memristor” and “polymorphic computing” ring a bell, you can thank […]

Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today’s markets are dangerously overpriced. Being market fundamentalists who don’t believe it’s possible to simply print prosperity out of thin air, we’ve been deeply skeptical of the financial markets ever since the central banks began their highly interventionist policies. Since 2009, they have […]

SOFIA Former Bulgarian weightlifting coach Ivan Abadzhiev, one of the sport’s most successful and prominent figures, has died aged 85, officials said on Saturday. Widely known as “The Pope of Weightlifting,” Abadzhiev led Bulgaria to 10 Olympic, 57 world and 64 European titles between 1968 and 2000, making weightlifting the Balkan country’s most successful sport. As a competitor, he won Bulgaria’s first world championship medal after finishing […]

Platinum is a very expensive metal and it is therefore one of the bottlenecks hindering the growth of renewable energy. Platinum is used as the catalyst in electrolysers that store electric energy as chemical compounds, and it also plays an important role in fuel cells, catalytic converters and many chemical processes used in industry. A group of Aalto University researchers led by professors Tanja Kallio and Kari […]

“I’d like to see you hold back on settlements for a little bit,” Mr. Trump told Mr. Netanyahu on Feb. 15, during the Israeli premier’s visit to the White House. “We’ll work something out.” Continue reading the main story Mr. Netanyahu replied, “Let’s try it,” prompting Mr. Trump to joke, “Doesn’t sound too optimistic, but he’s a good negotiator.” On Thursday, a delegation of senior aides to […]

Micron Technologies saw its shares climb to their highest level in two years after the semiconductor maker reported a strong quarter of sales and profit and signalled that the good times would continue to roll. The stock was one of the day’s biggest gainers, rising 7.4 per cent to $28.43. Strong demand and rising prices helped Micron deliver a 58 per cent jump in revenue to $4.65bn […]

UNITED NATIONS Israel has not taken steps to halt settlement building as demanded by the United Nations Security Council in a resolution adopted in December, U.N. Middle East envoy Nickolay Mladenov told the council on Friday. “The resolution calls on Israel to take steps ‘to cease all settlements activities in the occupied Palestinian territory including east Jerusalem.’ No such steps have been taken during the reporting period,” […]

Chinese oil companies are turning their focus to overseas retail and services markets, as slowing growth in domestic fuel demand makes their traditional home market less attractive. Sinopec this week agreed to buy Chevron’s 75 per cent stake in a Cape Town refinery, affiliated service stations and convenience stores in South Africa and Botswana for $900m. It was the only remaining bidder after a year-long tender process. […]

By Susan Cornwell and Richard Cowan | WASHINGTON WASHINGTON U.S. Republican lawmakers struggling to overcome differences over new healthcare legislation confronted a stark choice after President Donald Trump delivered an ultimatum: pass the bill on Friday or keep Obamacare in place. Trump, a real estate magnate who touted his dealmaking prowess in the 2016 presidential campaign, faced the first major test of how well his skills would […]

Ford said that slowing new car demand in the US and rising costs could halve its first-quarter earnings per share compared with last year’s record first quarter. The Detroit carmaker’s shares slipped in New York on Thursday after the company said in a statement that it now expects pre-tax profits of $9bn in 2017, down from $10.4bn last year. It expects profits to rise again in 2018. […]

|By Arabian Post Staff| A likely ban on slaughter houses in the Indian state of Uttar Pradesh, which contributes a major portion of India’s meat exports, following the election of the right-wing BJP government in the state is sending a chill down India’s meat industry. If the government goes ahead with the ban, it will have serious implications for markets like the Middle East, where Indian meat […]

Interactive MARCH 24, 2017 After earning $800,000 in 2015 by sneaking migrants into Turkey, a smuggler says he has left the guilt and complications of his business behind — mostly. And a Syrian refugee boy, homeless and out of school, must keep roaming the country to find farm work and help his family survive. This is the third part in the State of Emergency series, in which […]

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