LONDON Oil held near $53 a barrel on Friday, but was on course for its biggest weekly drop in a month due to doubts that an OPEC-led production cut will restore balance to an oversupplied market. Brent futures LCOc1 were at $53.01 a barrel at 1107 GMT, up 2 cents from their last close and set for a 5.15 percent weekly drop, their biggest fall since the […]
21 April 2017 San Francisco – A culture of trust is the key to retaining talent in the Gulf States, according to research and consulting firm, Great Place to Work. Great Place to Work’s annual study of the Gulf States’ Best Workplaces reveals that employees at the top 60 Best Workplaces indicate that managers behaving in a respectful way is the most significant factor for employees to […]
Most applications of deep learning use “convolutional” neural networks, in which the nodes of each layer are clustered, the clusters overlap, and each cluster feeds data to multiple nodes (orange and green) of the next layer. Credit: Jose-Luis Olivares/MIT In the past 10 years, the best-performing artificial-intelligence systems—such as the speech recognizers on smartphones or Google’s latest automatic translator—have resulted from a technique called “deep learning.” Deep […]
HMH – Hospitality Management Holding is all set for a strong presence at Arabian Travel Market 2017 (ATM). 21 April 2017HMH – Hospitality Management Holding is all set for a strong presence at Arabian Travel Market 2017 (ATM). Mr Ferghal Purcell, COO of HMH, said, “We have a number of strategic announcements lined up for ATM this year that is the MENA region’s largest B2B travel and […]
Friday 08:30 BST What you need to know ● European and Asian stock markets firm after Wall Street rally● Euro holds above $1.07 in cautious trading ahead of French election● Bund yields up 1bp to 0.25 per cent despite political tensions● Global steelmakers shrug off Trump tariff threat● Oil prices gain but gold pulls back——————- Hot topic Investor attention is turning to eurozone assets ahead of Sunday’s […]
PANAMA CITY — The co-founder of the law firm at the center of the Panama Papers scandal says the fallout has set off a “thriving” boom in the creation of tax shelters in the United States. Juergen Mossack, who partnered with Ramon Fonseca to create the Panamanian firm Mossack Fonseca, said in a document obtained Thursday by AFP that after the Panama Papers leak a year ago, […]
By Kate Holton and William Schomberg | NEWTON FERRERS, England/LONDON NEWTON FERRERS, England/LONDON Before last year’s Brexit vote, Scott McCready was struggling to fill his holiday cabins on the coast of southwest England. Now the site is fully booked with British tourists avoiding more expensive foreign trips following a plunge in the pound. This turnaround in the 10 months since Britons decided to leave the European Union […]
NASA scientists are releasing new global maps of Earth at night, providing the clearest yet composite view of the patterns of human settlement across our planet. This composite image, one of three new full-hemisphere views, provides a view of the Americas at night. Source link
A first of its kind continent-wide survey of Antarctica revealed that the ice-capped continent has a surprisingly vast network of rivers and lakes, which make their way through the ice shelves of the landmass. These rivers flow with melting water over many parts of Antarctica during the continent’s brief summer season. The discovery of lakes and river streams is not new for the researchers. However, scientists earlier assumed that […]
By Maiya Keidan and Jemima Kelly | LONDON LONDON Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum. While computer-driven hedge funds garnered plaudits for their outperformance in the wake of Britain’s shock vote to leave the European […]
By David Lawder | WASHINGTON WASHINGTON World financial leaders gathered in Washington on Thursday with pledges to work with U.S. President Donald Trump to fix lingering trade problems while vowing to keep their commitments to free trade and global integration. Worries over Trump’s approach to trade, taxes, financial regulation and climate change clouded the start of the International Monetary Fund and World Bank spring meetings, even amid […]
The US has set the stage for a global showdown over steel, launching a national security investigation that could lead to sweeping tariffs on steel imports in what would be the first significant act of economic protectionism by President Donald Trump. The decision to use a 1962 law allowing the US government to limit imports that threaten its security readiness is intended to deliver on Mr Trump’s […]
Feb 15, 2017 11:46 am IST India’s space agency on Wednesday launched a record 104 satellites from a single rocket as it crossed another milestone in its low-cost space-exploration program. The satellites from seven countries were carried by the Indian Space Research Organization’s Polar Satellite Launch Vehicle on its 38th consecutive successful flight. The mission reinforces India’s emerging reputation as a reliable and cost-effective option for launching […]
BERLIN Ivanka Trump will meet German Chancellor Angela Merkel and International Monetary Fund head Christine Lagarde in Berlin next Tuesday at a summit of women from leading world economies, the organisers said. Trump, who is an informal advisor to her father, United States President Donald Trump, will join Merkel and Lagarde for a podium discussion on global support for women entrepreneurs at a two-day G20 women’s summit. […]
Underwriting profitability for listed insurers in the UAE has returned in 2016 but is still borderline, according to S&P Global Ratings. The average combined ratio improved to 99 percent in 2016, from its peak of 105 percent in 2015, which marks the return of technical profitability for the market. “While the overall market results look profitable, 15 out of 29 listed insurers still posted combined ratios above […]
Following years of acrimony between OPEC and the hedge fund community, which the cartel dismissed simply as “speculators”, things suddenly changed in 2016 when the two groups got so close, there were outright reports of collusion between the two on various occasions. We documented this last month in “Why OPEC Is Colluding With Hedge Funds.” However, as Reuters’ energy analyst John Kemp pointed out on twitter this […]
(Image: Mastercard) Swipe-to-pay, then chip-and-PIN. What next, credit cards with fingerprint sensors? Turns out that’s Mastercard’s latest invention, a new credit card with an integrated fingerprint sensor, which aims to fight in-store fraud. The card, currently under trial in South Africa, includes sensor is embedded in plastic of the credit card, allowing customers to authorize a payment with a fingerprint, rather than a PIN code or a […]
Wall Street still exudes widespread optimism that 2017 will provide another year of solid if unspectacular economic growth and only gentle interest rate rises. With the S&P 500 up over 4.5 per cent for the year, here is a series of charts that will hearten investors of a more bearish persuasion. While there are good reasons why each chart should not be taken too seriously, together they […]
Oil prices levelled off on Thursday after they dropped more than $2 a barrel following publication of data by the US energy department showing a rise in American gasoline stockpiles for the first time since February. US benchmark West Texas Intermediate edged 14 cents higher to $50.58 a barrel in early European trading while the global Brent benchmark ticked 17 cents higher to $53.10 a barrel. The […]
By Adam Jourdan | SHANGHAI SHANGHAI German sports apparel brand adidas AG (ADSGn.DE) expects its huge operating margin in China to shrink slightly in the long term, while its small U.S. margin grows markedly in the near term, its new chief executive officer said on Thursday. Kasper Rorsted, on his first visit to China since taking the helm in September, said adidas’ margin in Greater China of […]
Samsung Galaxy S8 and Galaxy S8+ will hit the U.S. shelves on April 21. However, some users who preordered the Samsung smartphones have started receiving the devices. The flagships are being touted as two of the year’s best smartphones. Tech Times reported on Tuesday, April 18, how a YouTuber compared the latest Samsung handsets’ real-world speed performance against premium flagships from other OEMs such as the iPhone 7, OnePlus […]
With ‘Never-Trump’-ers still convinced he is Hitler and ‘Trump’-ers questioning their reality at his recent flip-floppery, many in the country are asking why should we support this President (even as his approval ratings rise with each warmongering threat). Well there is a simple – and perhaps greedy – reason… the world’s debt and equity markets have gained over $8 trillion since his election and a loss of […]
ABU DHABI Kuwait’s oil minister Essam al-Marzouq said on Thursday he expected a global pact to cut oil supplies to be extended beyond June, supported by higher compliance from non-OPEC producers. “We have a noticeable increase in compliance from non-OPEC which shows the importance of extending the agreement,” Marzouq told an industry event with other Gulf oil ministers including Saudi Arabia’s energy minister Khalid al-Falih in Abu […]
Google is reportedly planning to equip Chrome with a built-in ad blocker, which is quite of a shock considering Google’s biggest money-making strategy is through advertisements. So why is the search company baking an ad blocker into Chrome, the most popular web browser in the world? What Are You Thinking, Google? As The Wall Street Journal reports, the ad block move is a “defensive” one, as described by people […]
