ABU DHABI // Before becoming Europe’s No 1 ethical hacker, Jamie Woodruff took advantage of his autism to become a computer boffin and started hacking when he was nine. In discussing with young people how challenges can be turned to opportunities, Mr Woodruff, 23, showed how he overcame autism, dyslexia and dyspraxia. “I did not have access to education sectors that you would see. When I went to […]
Capitalism as we know it is irrevocably in its death throes, argues German sociologist Wolfgang Streeck, which on its own is not a novel thesis. In our age of regular financial crashes and bursting bubbles, illiberal movements and borderless wars, even Nobel Prize winners and mainstream thinkers – I think of Joseph Stiglitz, among others – say that the post-war free market regime is broken, and that […]
Where there was discord, Donald Trump has remarkably brought harmony. He has brought peace between the markets and Janet Yellen, as traders at last appear to believe her forecast for interest rates over the next year. The Federal Reserve says it intends to raise rates three times next year, and the market implicitly, through Fed Funds futures, puts the chance of this happening at almost exactly 50 […]
BEIJING China expects a smooth resolution to the seizure by its navy of “unidentified” equipment found in the South China Sea, a state-run newspaper said on Saturday, after U.S. officials said a Chinese warship had taken a U.S. underwater drone. The drone was taken on Thursday, the first seizure of its kind in recent memory, about 50 nautical miles northwest of Subic Bay off the Philippines just […]
An Amazon picture of a flying “octocopter” mini-drone that would be used to fly small packages to consumers Amazon said Wednesday it completed its first delivery by drone, in what the global online giant hopes will become a trend in automated shipments by air. The delivery to a customer near Cambridge, England, was announced in a tweet by Amazon founder and chief executive Jeff Bezos. “First-ever […]
Dubai, 15 December 2016 At the end of October the new cryptocurrency Zcash was launched. It is positioned by its creators as a more secure alternative to Bitcoin. Soon after the launch, the price of Zcash coins skyrocketed, followed by a spike in the installation of the application used to generate Zcash on personal computers. In many of these cases, the app was disguised as something else […]
The biggest surprise in meeting the entrepreneur behind Gulf meat eateries such as B+F Burger Boutique and Slider Station is learning that he is a recent adopter of veganism. Basil Al Salem — king of the juicy steak shawarmas on offer at Nomad Kitchen and the Coca-Cola-braised short ribs served up at Slider Station — went vegan earlier this year. But this does not mean that he […]
Shock is a matter of perspective and expectation. Imagine a time traveller stepped through the door a year ago and said the UK would vote to leave the European Union, a presidential candidate who advocated debt renegotiation would be headed for the White House, and Italy would reject the reforms of Prime Minister Matteo Renzi. Who would have predicted a worldwide bull market for stocks and bonds? […]
Toronto worker Kristy Milland looks for data jobs that she can pick up to make ends meet. Image: Sam Santos/George Pimentel Photography This article originally appeared on TechRepublic. Each morning when she wakes up, Kristy Milland powers up her home computer in Toronto, logs into Amazon Mechanical Turk, and waits for her computer to ding. Amazon Mechanical Turk (AMT), which has been around for over a decade, […]
By Sam Forgione | NEW YORK NEW YORK The U.S. dollar edged lower against a basket of major currencies on Friday, but still held near 14-year highs touched after Wednesday’s Federal Reserve meeting, with profit-taking halting the greenback’s rally. The dollar index .DXY, which measures the greenback against a basket of six major rivals, was last at 102.900, not far from Thursday’s 14-year high of 103.560 but […]
AED 141 million project featuring 272 studio units and 72 1-BR apartments to be completed in 2019 December 15, 2016 Sweet Homes Group, one of the UAE’s premier property Master Developer, has revealed the launch of the company’s first hotel apartment project in Ajman. The announcement was made during the company’s participation in the Ajman Real Estate Conference 1, an event organized by the Real Estate Regulatory […]
If there was a way to end the year on a bright note for as many businesses as possible, a deal to cut oil production was probably the most likely news to hit the spot. Of course, there will be some sectors not sharing in the joy – those that rely heavily on oil to fuel, such as aviation, manufacturing and agriculture, may be dreading increased costs. […]
By Lisa Baertlein and Svea Herbst-Bayliss Chipotle Mexican Grill Inc (CMG.N), under pressure from activist investor Bill Ackman, named four new board members on Friday, paving the way for a reunion of sorts between its chief executive and a former top executive at McDonald’s, which once owned the burrito chain. Matthew Paull, a former McDonald’s Corp (MCD.N) chief financial officer, will join the Chipotle board. Media executives […]
The global benchmark interest rate for trillions of dollars of corporate loans, credit cards and derivative contracts is approaching 1 per cent for the first time since the US emerged from recession, as global markets reach the end of a turbulent week. With the US Federal Reserve anticipating greater US economic strength in 2017, this has pushed the dollar to a 14-year high and spurred further selling […]
Etihad Airways and Lufthansa have signed a codeshare agreement that could herald further partnership growth between the two national carriers. In what is seen as the potential start of a growing relationship between the two airlines, Etihad and Lufthansa have agreed to codeshare on the UAE carrier’s twice-daily flights between its home base of Abu Dhabi and Frankfurt, and its twice daily services between Abu Dhabi and […]
5918 25 by Shannon K. O’Neil December 16, 2016 A worker unloads palm fruit at a palm oil plantation in Peat Jaya, Jambi province on the Indonesian island of Sumatra September 15, 2015 in this photo taken by Antara Foto. September 15, 2015 (Reuters/Wahyu Putro A/Antara Foto). Trade Rules Favor Asia, Not the United StatesAsia’s rise in the global trading system continues. Recent World Economic Forum data […]
Despite economic uncertainty, almost two thirds of family businesses in the Middle East have grown over the past year, according to a new survey conducted by PwC. The poll showed that while the region’s family businesses continue to be active and successful, the changing political and economic environment is affecting both their current performance and their growth expectations. Respondents to the PwC survey said that the three […]
ABU DHABI // The UAE has appointed its first Ambassador to a Baltic nation. Hanan Al Alili will become Ambassador to Latvia when the UAE Embassy opens in the capital, Riga, next month. Inara Murniece, Latvia’s speaker of parliament, was in Abu Dhabi for the Global Summit of Women Speakers of Parliament when the announcement was made. “It is important to have women in key positions in […]
15 December 2016 Jeddah, Saudi Arabia — As a strategic step towards the development of the small-to-medium-sized enterprises (or “SMEs”) in Saudi Arabia, the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, and Catalyst Group inked an Engagement Agreement to commence ITFC’s KSA SME Program to boost the SME Trade development. Through this partnership, ITFC will be piloting a SME Trade […]
Makkah is facing an acute shortage of affordable housing, especially as the area around the Holy Mosque is being redeveloped to service religious tourists, according to a new report. Real estate consultants JLL said as with other major cities in Saudi, Makkah needs to address the growing issue against the need for seasonal accommodation and extreme land values. It said the Markazia – the area around the […]
Authored by Carl Bildt, originally posted at Project Syndicate, In August 2015, I tweeted that if Donald Trump were to be elected President of the United States, we would have to “head for the bunkers.” A Trump presidency was considered highly unlikely back then; but here we are. And while heading for the bunkers might not be the most appropriate response (yet), where we are is undoubtedly […]
By Andrew Osborn and Nick Tattersall | MOSCOW/ISTANBUL MOSCOW/ISTANBUL President Vladimir Putin said he and his Turkish counterpart Tayyip Erdogan are working to organise a new series of Syrian peace talks without the involvement of the United States or the United Nations. In a snub to Washington, Putin made clear on Friday that the initiative was the sole preserve of Moscow and Turkey and that the peace […]
South Korea’s IT export for November rose 3.3 percent compared to a year ago thanks to semiconductors and displays, the country’s trade ministry has said. The rise ends 14 straight months of decline caused by the rise of Chinese competitors and the global economic downturn. Total IT export for the month was $14.8 billion, a rise of 3.3 percent from a year ago, while import was $8.08 […]
By Andrés González | MADRID MADRID French media tycoon Vincent Bollore is bidding for a stake in Spain’s largest sports broadcasting rights firm at the same time as facing off with former Italian president Silvio Berlusconi for control of Mediaset (MS.MI). Bollore’s Vivendi (VIV.PA) is one of 10 bidders, alongside a number of Chinese and U.S. investors, hoping to land either a 30 percent or 51 percent […]
