By Alan Baldwin | SILVERSTONE, England SILVERSTONE, England Vijay Mallya, the one-time billionaire who co-owns the Force India Formula One team, said on Wednesday Indian authorities had no grounds to extradite him from Britain and he would not be leaving. India wants Mallya to face trial after the liquor and aviation tycoon was charged with conspiracy and fraud over a loan to his defunct Kingfisher Airlines. It […]
Submitted by Chris Hamilton via Econimica blog, I’m dazed & confused…economists and the consensus all acknowledge 2001 and 2007 were low interest rate, debt driven financial and economic bubbles. However, somehow today’s even lower interest rate environment resulting in an additional $9.5 trillion in equity valuation from the last bubble peak…this one is legit and isn’t a bubble??? What I’m even more confused about is who, exactly, is buying all the […]
Political uncertainty is slowing trade growth, a World Bank report has concluded, indicating that the rise of Donald Trump may already be casting a shadow over the global economy. Major international institutions such as the IMF, the OECD and World Bank have recently upgraded their forecasts of global economic growth largely due to expectations that tax cuts, rising infrastructure spending and a wave of deregulation will boost the […]
Wednesday 12:45 GMT Overview US equity futures suggest Wall Street will dip from record levels that were reached amid a positive outlook for economic growth. Political concerns leave the euro carrying the wooden spoon in the forex markets, while the rush for supposed havens pushes short term German bond yields to their lowest ever. Hot topic The FTSE All-World equity index is at another record, up 0.1 […]
Paul Polman thought it was just going to be an informal catch-up. But it quickly became clear that Alexandre Behring, chairman of Kraft Heinz, had something very specific on his mind when he visited Unilever’s art deco headquarters in London last month. Had Mr Polman, chief executive of Unilever since 2009, ever considered a collaboration with Kraft Heinz, Mr Behring wanted to know. Mr Polman took this […]
Vocus Communications has announced its financial results for the first half of FY17, revealing a net profit of AU$47.2 million, up from AU$24.2 million a year previous due to its acquisitions of M2 and Nextgen. Statutory earnings before interest, tax, depreciation, and amortisation (EBITDA) were AU$168.3 million, up from AU$60.7 million a year previous, while underlying EBITDA — excluding acquisition, integration, and other costs — was AU$187.2 […]
But they are not buying much. Unemployment is high, especially among the many young people graduating from college. In all, 50,000 people remain displaced. Electricity and water supplies are still near crisis levels. Hamas, which governs Gaza, elected a new hard-line leader. Tunnel building goes on (and, presumably, so does the construction and smuggling of weapons). On the Israeli side, the political right talks of a new […]
Qatar Gas Transport Co (Nakilat), one of the world’s largest shippers of liquefied natural gas, reported a 2.9 percent fall in annual net profit on Monday. Nakilat’s 2016 profit amounted to 955 million riyals ($262 million) versus 984 million riyals a year earlier. In the fourth quarter, profit fell to 207 million riyals from 226 million riyals a year earlier, according to Reuters calculations; QNB Financial Services […]
Credit: Georgia Institute of Technology There is a direct link between a person’s attitude on social media and the likelihood that their dieting efforts will succeed. In fact, Georgia Institute of Technology researchers have determined that dieting success—or failure—can be predicted with an accuracy rate of 77 percent based on the sentiment of the words and phrases one uses on Twitter. “We see that those who […]
Last fall, we saw the biggest distibuted denial of service (DDoS) attack ever. This year we’ll see even bigger ones. According to Akamai‘s latest State of the Internet Security report, here’s what’s behind them. Behind today’s DDoS attacks you’ll find botnets and they’re using the same old techniques hackers have always used to bring down your servers. Akamai First, you should know that while the total DDoS […]
22 Feb 2017, Doha, Qatar The Commercial Bank (P.S.Q.C.) (“the Bank”), its subsidiaries and associates (“Group”) announced today its financial results for the full year ended 31 December 2016. The Group reported a net profit of QAR 501.4 million as compared to QAR 1,434 million for the same period in 2015, a decrease of 65%. The Bank reported a net profit of QAR 683 million (2015- QAR […]
UPS has announced plans for deliveries via drones, but unlike Amazon’s drone delivery schtick, it’s not offloading them from a distant outpost or even a blimp: it’s integrating them intro delivery trucks, perched atop the vehicle, prepared to launch at various points within a route. UPS Fuses Delivery Trucks With Drones The Georgia-based package delivery company ran the initial drone delivery service tests Monday in a small […]
Google recently launched Android Wear 2.0, an operating system for its smart watches. The entire OS has been refined and revamped. To help with the launch of the new OS, Google and LG collaborated and came up with two Android Wear devices: The $250 LG Watch Style and $350 LG Watch Sport. The approach is similar to the Nexus program, where Google would work with a phone […]
My taxi driver in San Diego had a plan. He was moving to Laredo to get back into long-distance trucking. He’d work hard for 10 years, save a couple of hundred grand, and retire to Mexico. I did the math: that put him around 2028. He might just make it before all the trucking jobs go away. At Qualcomm last week, Cristiano Amon, president of […]
ABU DHABI // The UAE Armed Forces will put on their first public demonstration on Thursday, March 2. The Union Fortress at Abu Dhabi’s Corniche will feature a joint exercise encompassing all branches of the military, including the Presidential Guard, the Joint Aviation Command, the Navy, the Air Force, Air Defence and the Army. Some of the highlights include a dramatic high-altitude, low-opening freefall jump from an […]
Photo A session at the International Conference in Support of Palestinian Intifada in Tehran on Tuesday, where Ayatollah Ali Khamenei, Iran’s supreme leader, urged renewal of the Palestinian uprising, or intifada, against Israel. Credit Ebrahim Noroozi/Associated Press TEHRAN — Everything was in place on Tuesday for a gala celebration at Iran’s annual conference in support of Palestine. Awaiting the hundreds of guests was a table piled high […]
By Robin Emmott | BRUSSELS BRUSSELS U.S. President Donald Trump sent top U.S. officials to Europe with a familiar warning from Washington that allies must spend more on defence, this time with the ultimatum “or else”. But Europeans have tried to deflect the threats with the argument that a commitment to security is not just about spending targets, which diplomats said that U.S. officials did not challenge, […]
ZDNet Google and Microsoft have pledged changes to their search engines which will make life harder for users seeking illegal, copyrighted material. Google, Microsoft, and the UK government have worked out their differences and reached a truce over the availability of pirated material online. While removing links to any website which claims to offer copyrighted material smacks of censorship, the tech giants have offered to sign up […]
Horizon Zero Dawn opens to a protracted introduction of its post-apocalyptic machine-festered world. It’s tedious, as regarded by one reviewer, but it’s essential, because the game’s open world, like all open worlds, is massive. The game is Guerrilla Games’s latest handiwork after Killzone Shadow Fall, the flagship Killzone title released in 2013 for the PlayStation 3. Even before release, it has already garnered acclaim, netting Best Original […]
Tuesday 08:45 GMT Overview European stocks are easing back after a mixed Asia session as Wall Street looks to re-enter the fray at record levels. The dollar is stronger and Treasury yields are moving up as expectations build of tighter US monetary policy, a scenario that is hurting gold. Hot topic European government bond markets remain a focal point for investors after an opinion poll showed Marine […]
Telstra has confirmed that its enterprise voice and data outage across New South Wales was caused by a faulty piece of hardware. The outage affected only enterprise customers on Tuesday morning until 1pm AEDT, with consumer fixed-line and mobile services not impacted by the hours-long outage. Earlier this month, Telstra also experienced an outage across fixed-line and mobile services due to a fire at its Chatswood exchange […]
HONG KONG Asian stocks held near 1-1/2-year highs in subdued early trade on Tuesday as a holiday in the United States left investors with few catalysts, while the euro nursed overnight losses as lingering concerns about the looming French election rattled its bonds. Political concerns have been at the front and center of investors’ minds over the past week or so, with markets wary about the outcome […]
Good news, JRPG fans! The latest installment for the popular Ys series is coming to the United States. Ys VIII: Lacrimosa of Dana is coming stateside on fall 2017. If you want your JRPG fix but Final Fantasy VII Remake feels like eons away, then Ys VIII can give you relief. NIS America will bring this long-running JRPG franchise, which has its own respectable fanbase. Ys VIII: Lacrimosa of Dana is the eighth […]
A number of seminal papers appeared towards the end of the 20th century calling for more attention to be paid to the human in the security loop. For example, Anne Adams and Angela Sasse’s “Users are not the Enemy” and Mark Ackerman and Lorrie Cranor’s “Privacy critics: UI components to safeguard users’ privacy.” The research field of Usable Security was thereby launched, and quickly garnered interest amongst […]
