Containers are great, having to re-invent persistence to use them, not so much. But that is changing. You’re not the only one concerned about container persistence: 82 percent of respondents in a recent survey said they’d deploy containers within two years if storage challenges could be resolved. That is a legitimate concern, as containers can offer great versatility and efficiency compared to virtualization, but being forced to […]
SMEs are going to dominate the renewables space, especially in emerging markets, such as the GCC, with the private sector playing a key role in driving adoption. UAE SMEs driving adoption and growth of the renewables sector The UAE’s cleantech industry is today buzzing with several start-ups and medium sized firms investing huge amounts of time and resources to identify better, more efficient and sustainable ways to […]
The owner of the messaging app Snapchat has set its valuation as high as $22.2bn ahead of its initial public offering, less than the company had originally hoped for but still putting it on track to be one of the US’s largest tech flotations. A price range of $14 to $16 a share, revealed in an updated regulatory filing on Thursday, puts Snap’s valuation in a range […]
It is not just equities that are rebounding this month. The dollar is up almost 2 per cent against a basket of its peers as it resumes an upward path that most in the foreign exchange market believe is the natural consequence of the economic policies Donald Trump has vowed to deliver. Given the US president has suggested he prefers a weaker dollar, its fresh strength has […]
Recorded Future A hacker has compromised at least 60 universities and US government organizations, utilzing SQL injections as his weapon of choice. Rasputin, believed to be a Russian hacker, is most well-known for the December 2016 attack against the US Electoral Assistance Commission through an unpatched SQL injection (SQLi) vulnerability. At the time, the hacker offered to sell access to the system to a Middle Eastern broker, […]
When India suddenly banned its largest bank notes in November, it led to confusion throughout the country and slowed down the cash-dependent economy. In big cities, the cash ban appears to be spurring digital payments, as the government had hoped. But in rural India, where internet access isn’t reliable, financial access through digital services is slow to take hold. The Wall Street Journal reported on how people […]
Fintech has been gaining momentum across the globe due to the ability of disruptive technology to empower people to avoid being overcharged and underserviced when it comes to handling their money. As the sector moves away from a fad and into a more mature industry that is now seriously impacting the financial world, it is an exciting time for all parties involved. Digital wallets will be owned […]
The Xen Project has requested feedback from the community in thrashing out new disclosure guidelines which may only reveal the most serious vulnerabilities affecting the hypervisor. The Xen Project is a group which brings together developers from the open-source community for the purpose of the Xen Project hypervisor, microkernel-based software which allows users to utilize vitualization technologies. As with any software, bugs and vulnerabilities will emerge during […]
Feb 16, 2017 10:46 am IST The decision of Indian Prime Minister Narendra Modi to do away with large-denomination notes in November led to a temporary cash shortage that slowed the economy and forced people to queue at banks to get money. New Delhi touted its move as an opportunity to make India’s economy less dependent on cash, saying it will help it shrink the black economy […]
New Zealand telecommunications provider Spark has announced its financial results for the first half of FY17, reporting earnings before interest, tax, depreciation, and amortisation (EBITDA) of NZ$471 million, up 3.5 percent. Revenue was up by 4.1 percent, to NZ$1.79 billion, while earnings after tax amounted to NZ$178 million, up 12.7 percent. Capex increased by 3.7 percent for a total of NZ$224 million, and opex was up by […]
Thursday 05.10 GMT Overview The dollar was on the back foot in afternoon Asia trading on Thursday as US Treasuries steadied and oil prices found their footing after dipping on news of growing US stockpiles. Hot topic The dollar index tracking the greenback against a basket of peers was off as much as 0.3 per cent, as a rally spurred by US Federal Reserve chair Janet Yellen’s […]
About 10 years have passed since Google’s stalwart engineers started creating a system that, in all reality, defeats the conventional logic of database services. It’s now named Cloud Spanner, and it’s the first global database — an information storage system spanning millions of machines across data centers placed all throughout the world, which Google itself has long used to maintain proprietary services like Gmail, Google Photos and […]
Upon the closing of the proposed merger between Computer Sciences Corp (CSC) and the Enterprise Services business of Hewlett Packard Enterprise (HPE), the new organisation will be renamed to DXC Technology before it begins its journey as a $26 billion IT services giant. The completion of the merger is slated for April 3, 2017, which will see DXC Technology list on the New York Stock Exchange under […]
By Phil Stewart and Robin Emmott | BRUSSELS BRUSSELS U.S. President Donald Trump’s defence secretary warned NATO allies on Wednesday that they must honour military spending pledges to ensure the United States does not “moderate” support for the alliance. Jim Mattis, on his debut trip to Brussels as Pentagon chief, also accused some NATO members of ignoring threats, including from Russia. “America cannot care more for your […]
By Michael Flaherty and Siddharth Cavale Procter & Gamble Co (PG.N), maker of Tide detergent and Gillette razors, will face ever greater pressure to slice costs and slow-growing divisions now that activist investor Trian Partners is a major shareholder. P&G’s shares hit a two-year high on Wednesday after Trian disclosed a stake in the consumer products behemoth, which is already trying to slim down by selling unprofitable […]
The paper chore chart has gotten a modern update. Introducing BusyKid, a mobile first site that allows parents to keep track of tasks, while also being a tool to introduce kids to learning about their personal finances. Created by Gregg Murset, a father of six, BusyKid is an online chore chart that promotes work ethic and responsibility. It also educates about money management, serving as a platform […]
Joo Kim Tiah, the son of one of Malaysia’s wealthiest tycoons, sat on stage in the summer of 2013 as his new business partner announced their plans for a C$360m luxury condominium-hotel project on Vancouver’s most prestigious downtown thoroughfare. With characteristic salesmanship, Donald Trump bragged that the 63-storey glass tower on West Georgia Street would be “one of the great buildings, not only in Canada and the […]
The reflation trade is back, in earnest. On Wednesday, all-world stock indices traded at all-time highs for the first time since spring 2015. US 10-year bond yields rose back to 2.5 per cent. Bank stocks rallied, with Goldman Sachs at an all-time high for the first time in a decade. So did tech stocks — Apple is back at a record. All of this after a hawkish […]
By Steve Holland and Patricia Zengerle | WASHINGTON WASHINGTON Senior Republicans issued their boldest challenge yet to U.S. President Donald Trump on Wednesday, promising to get to the bottom of the relationship between his aides and Russia, and calling for ousted national security adviser Michael Flynn to testify before Congress. Trump, facing a deepening crisis less than a month into his presidency, sought to focus the attention […]
After two days of questioning, Ramon Fonseca Mora and Jurgen Mossack were detained by prosecutors in Panama on 9 February. The pair have been denied bail as they have been deemed flight risks. They are being held as part of a probe into corruption and bribery allegations involving Brazilian construction group Odebrecht, which has admitted paying $1bn (£800m, €943m) in bribes to obtain contracts in 12 […]
Donald Trump responded to a growing crisis surrounding his White House on Wednesday by rekindling a public war with the US intelligence community, accusing it of mounting a dirty tricks campaign to undermine his presidency by leaking information about his administration’s ties to Russia. In an early-morning Twitter barrage the US president blamed the escalating crisis that forced this week’s departure of Michael Flynn, his national security […]
Wednesday 14:30 GMT Overview Global equities were on track to close at all-time highs as Wall Street hovers near record levels in the wake of comments from Federal Reserve chair Janet Yellen. And Ms Yellen’s more hawkish than forecast rhetoric has been backed up on Wednesday by stronger than expected US retail sales and inflation data that are pushing up the dollar and bond yields, while leaving […]
For the first time since Q1 2013, mortgage delinquencies rose QoQ in Q4. The jump from 4.52% (of total loans) to 4.80% is the largest since Q1 2010 and hit as mortgage rates spiked following President Trump’s election and Fed Chair Yellen’s jawboning and rate-hike. Of course, levels remain ‘low’ relative to the extreme highs of the financial crisis. One word springs to mind – “contained” […]
The chief executive of General Motors has flown to Germany as the US carmaker seeks to assuage concerns from local managers and unions about job losses amid talks to sell the carmaker’s ailing European business to French rival PSA Peugeot Citroën. Mary Barra and key lieutenant Dan Ammann arrived at Opel’s headquarters, GM’s subsidiary, on Tuesday morning, while PSA chief executive Carlos Tavares is pushing to meet […]
