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Optus has announced extending mobile coverage along the Highway 1 route in Western Australia by using nine small cells that utilise Optus’ satellite services rather than having to build out additional mobile towers. The small cells will be located at the Billabong Roadhouse, Overlander Roadhouse, Wooramel Roadhouse, Minilya Roadhouse, Nanutarra Roadhouse, Fortescue River Roadhouse, Pardoo Roadhouse, Sandfire Roadhouse, and 80 Mile Beach, Western Australia. “We are investing […]

The UAE is upskilling its population – and not only nationals. During a Federal National Council session on January 10, Minister of Human Resources and Emiratisation, Saqr Ghobash Saeed Ghobash, revealed the country is attempting to increase the number of “highly skilled” workers to 40 percent of the workforce by 2021. Currently, workers categorised in the top three skill levels, including executives and those with tertiary qualifications, […]

An alternative for resource intensive formwork for the construction of concrete domes has been developed. It is now used in a test dome for the Austrian Federal Railways Infrastructure. (via WSJ)

By Paul Lienert and David Shepardson | DETROIT/WASHINGTON DETROIT/WASHINGTON Japan’s Takata Corp (7312.T) on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide. The deal was announced hours after prosecutors in Detroit charged three former senior Takata executives with falsifying test results […]

Amazon is apparently gearing up to test out different prototypes of wireless technology and is eyeing a green signal from the U.S. government Both Facebook and Google have been conducting numerous wireless tests under the Federal Communications Commission’s (FCC) experimental authority in recent years. A report from Business Insider, which unearthed a government filing from Amazon, reveals that the e-retailer will follow in the footsteps of Google […]

Submitted by Mac Slavo via SHTFPlan.com, Is there a coup underway, while America is in the transition period, and before Trump swears in as the 45th president of the United States? How real is the clash between the rogue Manhattan billionaire and the intelligence gang behind the throne? Who will win the struggle for power over foreign policy? These are serious times and require serious considerations. The […]

Wells Fargo has laid down plans to close at least 400 branches over the next two years as part of a push to cut costs as the US bank tries to recover from the scandal over sham accounts. The San Francisco-based lender, which operates more than 6,000 branches across the country, is accelerating closures as it aims to reduce about $2bn in expenses by the end of […]

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By Karen Freifeld | NEW YORK NEW YORK Moody’s Corp (MCO.N) has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Friday. The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia, […]

The late Mahatma Gandhi said that “the greatness of a nation and its moral progress can be judged by the way its animals are treated”. So when the President, Sheikh Khalifa, issued a Federal Law to directly address the issue of animal cruelty in the UAE we knew exactly where the country’s moral compass was pointing. Everything from the ownership of exotic or wild animals to the […]

Moody’s has agreed to pay $864m to settle allegations that it inflated the credit ratings of subprime mortgage bonds that contributed to the 2008 financial crisis, the Department of Justice said on Friday. The settlement with the rating agency includes a $437.5m federal civil penalty to the US government — the second-largest payment of this type ever by a rating agency — and ends an investigation carried […]

Investors have returned to the world of debt in a cooling of the Trumpflation trade that pummelled bond markets and propelled equities to record highs after the US election. The shift, which has included fresh inflows to municipal, Treasury and emerging market bond funds over the past week, dovetails with a near month-long rally in haven US Treasuries and fatigue in benchmark stock indices. Municipal funds, which […]

By Richard Cowan and Susan Cornwell | WASHINGTON WASHINGTON U.S. House Republicans on Friday won passage of a measure starting the process of dismantling Obamacare, despite concerns about not having a ready replacement and the potential financial cost of repealing Democratic President Barack Obama’s landmark health insurance law. The House of Representatives voted 227-198 to instruct committees to draft legislation by a target date of Jan. 27 […]

By Jonathan Stempel | NEW HAVEN, Conn. NEW HAVEN, Conn. A former Jefferies Group Inc bond trader being tried a second time for defrauding clients about prices of mortgage bonds should be convicted because he lied repeatedly to his own customers to boost profits, a U.S. prosecutor argued on Friday. Jesse Litvak, 42, was “motivated by greed,” and it was no excuse that other traders might have […]

A trading surge powered by Donald Trump’s victory has helped two of the three biggest US banks boost quarterly profits, fuelling hopes Wall Street can extend its post-election resurgence. JPMorgan Chase’s trading business, the largest in the world by revenues, produced its best ever fourth-quarter. Net income jumped 96 per cent from a year earlier to $3.43bn. At Bank of America’s global markets business, net income soared […]

Throughout the presidential campaign and since Donald Trump’s election, former diplomats, retired generals, and foreign-policy analysts have attempted to decipher, explain, and predict his foreign-policy strategy. Will he pursue the big-stick model of Teddy Roosevelt? Embrace a neo-Nixonian “madman” strategy? Is Trump actually a champion of foreign-policy realism, or perhaps no realist at all? But all those questions make the same mistake — they assume the incoming […]

U.S. President-elect Donald Trump on Friday reprised his election campaign attacks on Democratic rival Hillary Clinton, declaring her “guilty as hell” and deriding her supporters’ criticism of how the FBI handled an investigation into her emails. The U.S. Justice Department said on Thursday it would investigate an FBI decision to announce an inquiry into Clinton’s emails shortly before the Nov. 8 election, a move she has blamed […]

The debate over what yield on the 10Y spells the end of the 30 year bond bull market, and would spillover into selling among other asset classes, is heating up. Earlier this week, in his monthly annual letter Bill Gross wrote that 2.6% is the only level for the market that matters: “This is my only forecast for the 10-year in 2017. If 2.60% is broken on […]

Abu Dhabi, U.A.E., 13 January 2017  Lawmakers from around the world are meeting today in Abu Dhabi to discuss the policies needed to support the transformation of the global energy system. Held the day before the opening of the seventh Assembly of the International Renewable Energy Agency (IRENA), the 2017 Legislators Forum, “Renewable Energy – the Role of Legislators in Catalyzing Action”, is the second meeting of […]

By Jamie McGeever | LONDON LONDON European and U.S. stocks looked to end a sluggish week on a high note on Friday, while the dollar was on track for its biggest weekly fall in two months and U.S. bond yields eyed their longest run of weekly declines since July. Investors largely shrugged off figures that showed Chinese exports fell the most last year since 2009, and will […]

A long-term national strategy needs to be formulated by the United States government, along with consulting the private sector, to facilitate the advancement of the Internet of Things (IoT), and minimise chances of privacy and security-related harm, the US Department of Commerce has said in a report on Thursday. The Fostering the Advancement of the Internet of Things report said the government can facilitate the IoT by […]

By David Ingram and Nate Raymond | NEW YORK NEW YORK A scandal that could complicate the South Korean political ambitions of former U.N. Secretary-General Ban Ki-moon features an unlikely central character: a New York fashion designer whose wedding was broadcast on reality TV and who authorities said falsely touted ties to Middle Eastern royalty. Malcolm Harris, who has dubbed himself on social media the “curator of […]

The U.S. Environmental Protection Agency has accused Fiat Chrysler Automobiles, or FCA, of installing a hidden software to purposefully let excess diesel emission go undetected, a practice that entails Clean Air Act violations. The accusation comes as the result of a probe stemming from regulators’ investigation of Volkswagen, its rival. FCA Cheating Emission Tests As per the EPA, specific vehicles releasing excess nitrogen oxide emissions are the […]

In this Thursday, Nov. 5, 2015, file photo, 2015 Jeep Grand Cherokees appear on display at a Fiat Chrysler dealership in Doral, Fla. On Thursday, Jan. 12, 2017, the U.S. government alleged that Fiat Chrysler Automobiles failed to disclose that software in some of its pickups and SUVs with diesel engines allows them to emit more pollution than allowed under the Clean Air Act. The Environmental Protection […]

As SHTFPlan.com’s Mac Slavo notes, we should take notice at the government preparations for disaster, and the possibility of a cataclysmic collision with damaging objects in space. At the same time, we should take notice at what they are preparing for with all the billions of dollars thrown at defense and survival, it comes in secretive infrastructure for a reclusive sect of power, and in top-down plans […]

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