Rackspace CEO Taylor Rhodes. Image: Rackspace The CEO of cloud services company Rackspace, Taylor Rhodes, has announced he is to leave the company. Rhodes said he is leaving to join a “smaller private company” that doesn’t compete with Rackspace, but which is using cloud technology to “to disrupt what has been a very low-tech industry.” Rhodes said: “This opportunity fits my strengths and skills, and I think […]
Theresa May has formally launched her election campaign with an attack on “European politicians and officials”, whom she accused of threatening Britain and trying to sabotage her attempt to win re-election. Standing on the steps of Number 10, Mrs May set out to inflame Brexit tensions, claiming that events of recent days showed that “there are some in Brussels who do not want these talks to succeed”. […]
LONDON A man who left a bag packed with explosives and ball bearings on a London underground train on its way to the Canary Wharf financial district last October was convicted on Wednesday of planning to cause an explosion. Damon Smith, a 20-year-old student, assembled the device using instructions taken from an Al Qaeda-published magazine, prosecutors said after he was found guilty by a jury. He set […]
Sprint on Wednesday delivered mixed fourth quarter financial results. The Overland Park, Kansas-based company reported a net loss of $283 million, or seven cents per share, compared to a loss of $554 million, or 14 cents per share, the year prior. The nation’s fourth-largest wireless carrier posted net operating revenue of $8.54 billion, up five percent above the previous year. Wall Street was expecting a loss of […]
Londoners of finance, pondering hard-Brexit relocation options, can turn to the quality of life ranking of the world’s top cities provided in Deutsche Bank’s sixth annual survey of global prices. If Wellington, New Zealand, doesn’t offer tantalising opportunities for corporate bond syndicate origination, or outlets for euro swap-clearing back-office expertise, perhaps second-placed Edinburgh is a better option for a post-UK future. Fans of John Irving will be […]
The law justifying Britain’s Brexit bill is hotly contested, the variables in the calculation are legion and the negotiation has yet to start. But there can be no doubt that the EU’s €100bn demand to settle Britain’s exit dues is one of the biggest political dangers in the Brexit process. The Financial Times estimated the bill using the EU’s negotiating guidelines, the more detailed draft mandate for […]
By James Pearson and Alexei Chernyshev | SEOUL/VLADIVOSTOK, Russia SEOUL/VLADIVOSTOK, Russia When North Korean leader Kim Jong Un sent Lunar New Year greetings this year, the first card went to Russian President Vladimir Putin, ahead of leaders from China and other allies of the isolated country, according to its official news agency. Some academics who study North Korea argue Kim could be looking for Russia to ease […]
When Northwestern University’s men’s basketball team finally made it to the NCAA’s “March Madness” for the first time this year, it was validation of the growth of its basketball program. Now another part of the school is saying it doesn’t need a traditional stamp of approval when it comes to validating success. Call it the Fleetwood Mac, or “Go Your Own Way” notion of academic self-approval. The […]
News from the FT that the UK may face an initial Brexit bill of up to €100bn has dented sterling this morning. The currency fell by 0.2 per cent against the dollar to $1.29, nibbling into some of its eye-catching recent gains before recovering slightly. Against the euro, the pound is also down by 0.14 per cent to €1.1823. Broadly, the path for sterling since the general […]
May 3, 2017 by: Jamie Smyth in Sydney New Zealand’s competition watchdog has blocked a merger between the country’s two main newspaper groups in the interests of defending media diversity, shrugging off concerns its decision threatens the groups’ financial viability. Wednesday’s ruling on a proposal from New Zealand Media and Entertainment and Fairfax NZ comes as global regulators face a swath of contentious mergers and growing concentration […]
The Australian Telecommunications Industry Ombudsman (TIO) has revealed that consumer complaints about delays in being connected to the National Broadband Network (NBN) have dropped over the first two quarters of the 2016-17 financial year. Complaints about NBN connection delays dropped from 1,669 complaints in the fourth quarter of 2015-16 to 1,545 in the first quarter of FY17, and then further down to 1,539 in the second quarter […]
03 May 2017 Reaching a new milestone, Fine Hygienic Holding (FHH), one of the world’s leading manufacturers of hygienic products, recently launched the “New and Improved” Fine Baby® Diaper, which has been enhanced with maximum absorbency and is now offered in an affordable mega size pack. The launch of the new diaper comes shortly after the product received the prestigious endorsement of the Medical Wellness Association, which […]
Elsewhere on Wednesday, – TFW you have become verb used to specify there should be no lying in this particular bond quoting: Shortly after his indictment in 2013, Mr. Peters engaged in a chat session with a potential buyer about the price that would be offered for mortgage securities. The customer wrote, “Ok don’t litvak me! Go ahead with that bid.” – Guardian longread on where oil […]
As the United States adapts to the presidency of Donald Trump and faces rising tensions abroad, Berkshire Hathaway Inc shareholders will descend on Omaha, Nebraska this weekend seeking reassurance, from Warren Buffett. The weekend known as “Woodstock for Capitalists” is unique in corporate America, a celebration of the billionaire’s image and success at a conglomerate whose businesses range from Geico insurance to the BNSF railroad to See’s […]
Mr. Abbas’s visit to the White House will present Mr. Trump with the Palestinian viewpoint more directly than he has ever heard it as president. But at 82, Mr. Abbas is a weakened political figure facing public discontent and divisions at home. Continue reading the main story His Palestinian Authority operates in the West Bank, while the more militant rival Hamas faction rules in Gaza. Despite an […]
In 2001, “Frontline” aired a documentary by investigative reporting legend Lowell Bergman. The movie, which chronicled the new cowboys of “Energy Alley,” contained never-before-seen interviews with Enron CEO Jeffrey Skilling and other players in the energy scandal. It was compelling footage. After Enron imploded, filmmaker Alex Gibney bought the video from PBS and used some of it in his 2005 documentary about the scandal, “The Smartest Guys […]
Vocus Communications has revised its guidance for the 2017 financial year, with revenue down by AU$100 million, underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) down by between AU$65 million and AU$75 million, and net profit down by AU$45 million to AU$50 million. According to a presentation delivered by Vocus CEO Geoff Horth on Wednesday, underlying EBITDA is now expected to be between AU$365 million and […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks followed global indexes higher on Wednesday, as strong earnings and manufacturing data boosted risk appetite, while expectations that the Federal Reserve will signal a June rate increase later in the session lifted the dollar. Oil prices pulled higher after a sharp fall on Tuesday on technical selling in a market already worried about oversupply and following a rise in […]
By Anya George Tharakan and Stephen Nellis Apple Inc (AAPL.O) reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company’s most important product later this year. Shares of the world’s most valuable listed company were down 2.1 percent at $144.37 in after-hours trading. Under pressure from shareholders […]
Dutch paint maker Akzo Nobel NV’s (AKZO.AS) supervisory board is scheduled to meet on Tuesday to discuss how to proceed after deeming PPG Industries Inc’s (PPG.N) latest $29 billion offer to be insufficient, people familiar with the matter said. Akzo believes that PPG’s third acquisition bid, which was unveiled on April 24, still does not value the company highly enough, especially in light of Akzo’s plans to […]
The number of people applying for credit cards in the UAE soared by 65 percent year-on-year in the first quarter of 2017, new research shows. Data from consumer website compareit4me.com also shows that residents applied for multiple products to get approvals – they made an average of 3.25 card applications each in the first three months of the year, compared to an average of 2.07 applications each […]
This past Saturday marked 100 days since Donald Trump became president, and many news organizations marked the occasion with data-intensive packages that measured his progress and made it really easy for the public to understand what’s happened so far. Some highlights: The Guardian published an interactive making it really easy to analyze the first 100 days by putting the numbers in context. They also published daily briefings […]
May 2, 2017 by: Najmeh Bozorgmehr in Tehran Iran’s hardliners are committed to the nuclear deal with world powers even as they use the accord to attack President Hassan Rouhani ahead of elections this month, a senior hardline politician said. The agreement was a “done deal” and there would be no attempts to sabotage it, said Alireza Zakani, a senior figure in the hardliners’ camp and a […]
Brussels is rushing out proposals to impose EU control on the City of London’s lucrative euro-clearing market, forcing UK operators to either relocate or be policed by European authorities. In a provocative regulatory salvo fired as Brexit talks begin, the European Commission is preparing to issue legislative proposals in June that would heavily restrict London’s ability to host one of its flagship financial businesses. The commission’s power […]
