DUBAI, May 9 Expo 2020 Dubai has chosen leading global logistics firm UPS to handle the logistics operations for Expo 2020 Dubai, which is expected to attract millions of visitors over its six-month duration. With more than 180 countries expected to participate and hundreds of thousands of visitors on peak days, the next World Expo will be one the most complex logistics projects UPS has tackled. As […]
By Allison Lampert | MONTREAL MONTREAL A United Nations agency has launched efforts to craft global guidance for the use of laptops and other portable electronics in aircraft passenger cabins after selective bans by the United States and Britain, made in response to security threats, angered some passengers and Middle East airlines. The International Civil Aviation Organization (ICAO) has pushed forward with the plan after certain countries […]
The world’s biggest oil producers Russia and Saudi Arabia on Monday eyed up extending an output reduction deal ahead of an OPEC meeting later this month. “Russia is in solidarity with the efforts of our partners to rebalance the market and considers that the joint initiative to stabilise the world oil market is currently effective,” energy minister Alexander Novak said, Russian news agencies reported. “We are discussing […]
WASHINGTON U.S. President Donald Trump will not make a decision on whether the United States should remain in the Paris climate agreement until after he returns from the May 26-27 G7 summit, the White House said Tuesday. White House spokesman Sean Spicer said that Trump is continuing to hear from advisers on the pros and cons of the United States remaining in the global accord, but that […]
US stocks hit fresh intraday highs on Wednesday, with Apple’s market value breaking through $800bn for the first time, as an earnings trade replaces the so-called Trump trade. The best US earnings season in five years has powered Wall Street to new heights even as the pro-business tax, regulation and infrastructure policies of Donald Trump are taking longer to translate into action than investors had hoped. The […]
Facebook is under fire again over the way it handles fake news, as an Austrian court just ruled the company must remove all posts considered to be hate speech. The ruling doesn’t refer to just local posts either — the Austrian court ordered Facebook to remove hateful content globally, which makes the ruling significant even beyond the country’s borders. Austria Takes Steps Against Facebook Hate Speech Austria’s Green party, […]
OSLO Nations around the world have adopted more than 1,200 laws to curb climate change, up from about 60 two decades ago, which is a sign of widening efforts to limit rising temperatures, a study showed on Tuesday. “Most countries have a legal basis on which future action can be built,” Patricia Espinosa, the U.N.’s climate change chief, told a webcast news conference of the findings issued […]
A ransomware attack against any business could be potentially devastating, but there are some sectors which are more at risk from file-encrypting attacks than others, as cybercriminals prey on industries which can’t afford to not have access to their networks. Ransomware has boomed over the last 18 months, growing from an annoyance which targeted home PC users with moderate ransom demands, to a billion-dollar industry, with cybercriminals […]
Members of President Donald Trump’s cabinet have a new catchphrase for how they see the future role of the US: not just “energy-independent”, but “energy-dominant”. As Ryan Zinke, the interior secretary, put it at an industry conference in Houston last week: “Dominance is what America needs.” It would be tempting to dismiss that talk as hype, except that every week the US energy sector is coming up […]
Credit: CC0 Public Domain Investing in new ways of utility-scale electricity storage and capturing carbon to store underground should be a priority for governments aiming to meet the greenhouse gas and ‘green energy’ targets set out in the Paris Agreement despite shrinking research and development budgets, suggests a new paper published today in Nature Energy. Researchers analyzed a range of studies and expert reports on public energy […]
Google’s OSS-Fuzz bug-hunting robot has been hard at work, and in recent months, over 1,000 bugs have been exposed. According to Chrome Security engineers Oliver Chang and Abhishek Arya, software engineer Kostya Serebryany and Google Security program manager Josh Armour, the OSS-Fuzz bot has been scouring the web over the past five months in the pursuit of security vulnerabilities which can be exploited. The OSS-Fuzz bot uses […]
Held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan Deputy Prime Minister, Minister of Presidential Affairs of the UAE 09 May 2017 Abu Dhabi, United Arab Emirates – Held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan Deputy Prime Minister, Minister of Presidential Affairs of the UAE, the 1st edition of ATech World Conference & Exhibition and World Game […]
But the Dutch government has committed to ensuring that some 14 percent of its energy comes from renewable sources such as wind and solar power by 2020 Dutch officials on Monday opened what is being billed as one of the world’s largest offshore wind farms, with 150 turbines spinning in action far out in the North Sea. Over the next 15 years, the Gemini windpark, which lies […]
Sign up to receive FirstFT by email here Days after Donald Trump was elected, President Barack Obama warned his successor against hiring former general Michael Flynn as his security adviser. Mr Trump ignored the advice and Mr Flynn resigned after 17 days on the job amid the growing investigation of the Trump team’s ties to Russia. This is just one of the revelations to emerge following a Senate […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stock markets edged down on Tuesday following a flat close on Wall Street, as investors searched for the next catalyst following France’s presidential election, while oil inched higher on expectations OPEC supply cuts will be extended. Financial spreadbetters expect Britain’s FTSE 100 .FTSE, Germany’s DAX .GDAXI and France’s CAC 40 .FCHI to all open flat. The South Korean stock market, […]
Today’s State of Work: At the Breaking Point ServiceNow is rolling out a machine learning engine that’s designed to predict outages, automate routing and workflow, predict outcomes, and benchmark performance. The engine, called the Intelligent Automation Engine, was built with technology from ServiceNow’s DxContinuum acquisition in January. ServiceNow said that it will use the Intelligent Automation Engine across the platform and in cloud services for customer service, […]
08 May 2017 Jeddah, Kingdom of Saudi Arabia The Government of Sierra Leone has asked for the the support of Islamic Development Bank (IsDB) in agricultural development, road construction and Post-Ebola recovery plan. The President of Sierra Leone, Dr. Earmest Bai Koroma disclosed this when he received the President of IsDB, Dr. Bandar Hajjar at the Royal Guest House in Jeddah, Kingdom of Saudi Arabia. President Koroma […]
Malaysia’s police chief says the country’s top Islamic State operative has been killed in an attack in Syria last month. Muhammad Wanndy Mohamed Jedi, 26, is believed to have been responsible for a grenade blast at a bar in a suburb outside Kuala Lumpur last June that injured eight people. It was the first attack in the country by the Islamic State militant group. Inspector General of […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices edged up on Tuesday, driven by anticipation that an OPEC-led pledge to cut production would be extended beyond the first half of the year and into 2018, although overall high supply still weighed on markets. Brent crude futures, the international benchmark for oil prices, were at $49.60 per barrel at 0045 GMT on Tuesday, up 26 cents, or 0.5 […]
TOKYO The International Monetary Fund called on Asian economies to learn from Japan’s experience and act early to cope with rapidly ageing populations, warning that parts of the region risk “getting old before becoming rich.” Asia has enjoyed substantial demographic dividends in the past decades, but the growing number of elderly is set to create a demographic “tax” on growth, the IMF said in its economic outlook […]
While the hedge fund world finds itself in a time of crisis, with a “great rotation” of capital away from active management which continues to largely underperform the broader market, and toward cheaper, passive strategies, nothing could spoil the mood at one of the industry’s biggest events held today at the Lincoln Center, the 22nd annual Ira Sohn conference, where a dozen of the hedge fund industry’s […]
The Middle East & Africa region is a strategically important growth market for Sony Mobile Xperia XZ Premium, winner of several top industry awards including ‘Best Smartphone at MWC 2017’, leads innovation push Dubai, 08 May 2017 Sony Mobile Communications has shown strong global financial performance by reporting a profit of 10.2 Billion Yen (US$ 91 Million) this year, as per financial results from the company. […]
Zaha Hadid’s first project in Dubai is a work of art to rival any of the renowned Iraqi-born architect’s award-winning structures, and will add something very different to the city’s burgeoning collection of prestige buildings. In many ways, a visit to Dubai’s Business Bay feels like a trip back to the future – to a city that feels eerily familiar to anyone who can remember the giddy […]
Robert Mercer, co-chief executive of the hedge fund Renaissance Technologies and one of Donald Trump’s biggest donors, has been sued by a former employee who says he was fired after he publicly criticised his boss’s support for the US president. David Magerman, a long-time research scientist at the fund who had helped it build computer algorithms that make investment decisions, was terminated after giving two newspaper interviews […]
