Finding new drugs that can more effectively kill cancer cells or disrupt the growth of tumors is one way to improve survival rates for ailing patients. Researchers are using supercomputers to find new chemotherapy drugs and to test known compounds to determine if they can fight different types of cancer. Recent efforts have yielded promising drug candidates, potential plant-derived compounds and insights into how to design more […]
Cisco has announced that it is acquiring Viptela, a software-defined wide area network (SD-WAN) startup based in San Jose, California, in a deal worth $610 million. Founded by former Cisco engineers Amir Khan and Khalid Raza, Viptela delivers end-to-end network virtualisation that allows for application aware routing, service chaining, centralised policy, and orchestration capabilities. The company has raised more than $108 million since its founding in 2012. […]
“Aaaaaaayyyyooooo!!!” yells Will Buikema, moments before he reaches to shake hands with a man who crushes 300-pound NFL players for a living. Buikema, a video producer with SB Nation, is visiting Eagles linebacker Jordan Hicks in Philadelphia as part of an ill-fated attempt to make friends with the NFL star. It goes south quickly, to hilarious effect: Buikema is comically overexcited to meet Hicks, he botches an […]
Since the emergence of the single market in Asean, many companies are expanding their markets outside of their home country whereas others are still struggling. Some firms have already entered neighbouring markets while others are looking even farther beyond the Asean Economic Community. Research shows that firms in different industries look at the AEC from different perspectives. For example, firms in the financial industry seem to support […]
Authored by Michael Snyder via The Economic Collapse blog, Should we make homelessness against the law and simply throw all homeless people into prison so that we don’t have to deal with them? Incredibly, this is actually starting to happen in dozens of major cities all across the United States. It may be difficult to believe, but in many large urban areas today, if you are found […]
Advanced Micro Devices (AMD) published its first quarter financial results on Monday, meeting market expectations. However, AMD shares fell in after-hours trading. As Wall Street anticipated, the company posted a non-GAAP net loss of $38 million, or 4 cents per share, on revenue of $984 million. Revenue was up 18 percent year-over-year, largely driven by demand for Ryzen CPUs, CEO Lisa Su noted. “We are positioned for […]
Dubai, United Arab Emirates – 1 May 2017 It might take the Arab World 15 years to rebuild from the destruction caused by the Arab Spring, experts said at the Arab Media Forum on Monday. “It might take the countries at least 15 years to rebuild their economies and societies affected by the so-called Arab Spring – or what I call the Arab Destruction – that caused […]
US corporate boardrooms’ approval of share buyback plans has fallen to its lowest level since 2012, signalling that the stock market’s surge to further highs this year is curbing a key source of demand for equities. Companies on the S&P 500 index have authorised $146bn in share buybacks this year, down 15 per cent from a year ago, according to data from Goldman Sachs. Executives have also […]
By Olivia Oran and Svea Herbst-Bayliss | BEVERLY HILLS BEVERLY HILLS U.S. Treasury Secretary Steven Mnuchin said on Monday that economic growth of three percent is achievable in the next two years as the Trump administration sets out to dramatically cut taxes. Speaking at the Milken Institute Global Conference in Beverly Hills, California, almost a week after he helped unveil plans to cut taxes for many people […]
WASHINGTON U.S. consumer spending was unchanged in March for a second straight month and the overall monthly inflation rate fell for the first time in a year,confirming the weak domestic demand in the first quarter. But when adjusted for inflation consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased 0.3 percent, ending two straight months of decline,the Commerce Department said on Monday. Economists […]
Besides the upcoming FOMC meeting on May 2-3, and French & Italian politics – the decisive runoff round of the French election takes place this Sunday – this week’s releases are dominated by US payrolls expected to come around 170k. The busy release calendar continues with Norges bank and RBA meetings as well as global manufacturing PMIs. The market’s focus during the week of 5/1 will begin […]
Samsung Electronics has rolled out the voice command feature on its Bixby virtual assistant for the Galaxy S8 and S8 Plus in South Korea, which was missing when the phones were launched last month. Samsung began the voice command service at 1pm KST on Monday, after sending a notice in the morning to users of the smartphones. Bixby, the company’s artificial intelligence (AI) assistant, rolled out on […]
30 April 2017 COLOMBES, France–(BUSINESS WIRE/ME NewsWire)– OT (Oberthur Technologies), a leading global provider of embedded security software products, services and solutions and a forerunner in the payment sector, has been selected by Mashreq Bank to deploy Instant Card Issuance in the United Arab Emirates (UAE). Mashreq Bank is one of the UAE’s leading financial institutions. Established in 1967 by the Al-Ghurair Group, it is the largest […]
By Shinichi Saoshiro | TOKYO TOKYO Asian stocks struggled for traction on Monday after weaker-than-expected U.S. economic growth data, while the dollar dropped against the yen amid tensions over North Korea and slipped versus the euro on evidence of strong euro zone inflation. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS inched up 0.1 percent and Japan’s Nikkei .N225 added 0.1 percent. Many markets in Asia […]
30 April 2017 COLOMBES, France–(BUSINESS WIRE/ME NewsWire)– UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, and OT (Oberthur Technologies) have partnered to launch “gocash” prepaid card of UAE Exchange through the first-ever contactless payment via wearable devices (powered by “Flybuy MiniFOB” technology of OT), at the Seamless Middle East Conference in Dubai on 01 May 2017. UAE Exchange will be offering the wearable […]
WASHINGTON The Trump administration’s push to overhaul tax laws might soon target a loophole used by some financial managers to lower their tax rates, White House Chief of Staff Reince Priebus said on Sunday. President Donald Trump campaigned before the Nov. 8 election to eliminate the so-called “carried interest” loophole, which is used by many financial managers to lower tax obligations. But a rough outline for a […]
When newspaper industry executives gather in New Orleans this evening for their annual three-day MediaXchange convention, the crowd will be thinner than at last year’s edition in Washington, D.C. “(That) just reflects industry conditions coming off a difficult end to 2016,” said David Chavern, CEO and president of the News Media Alliance, which organizes the convention. For those who do make it, Chavern promises plenty of practical […]
30 April 2017 Amongst the top priorities of the tasks of the Chambers of Commerce is to help its members and affiliates to increase commercial exchanges between their respective countries and to provide useful information that would enable businessmen to explore a potential investment opportunities in our Islamic Countries. As a part of this mandate, and on the sidelines of its 25th Board of Directors and 33rd […]
Hedge funds have slashed their bets against the British pound to the lowest level since the Brexit vote in June last year, after the currency enjoyed its best month against the dollar in two years. The pared-back “short” bets, which would profit on a drop in the pound, followed Theresa May’s decision to call snap elections in June, a move that investors said would allow the ruling […]
April 30, 2017 by: Roger Blitz and Michael Mackenzie Here are the key questions facing investors as the first week of May begins. How much higher can the euro go?Emmanuel Macron had an uncomfortable encounter with workers in his hometown of Amiens as he tried to shore up his position as frontrunner in the presidential election run-off with the National Front’s Marine Le Pen. However, financial markets […]
By Sue-Lin Wong and Kevin Yao | BEIJING BEIJING Growth in China’s manufacturing sector slowed faster than expected in April, an official survey showed on Sunday, as producer price inflation cooled and policymakers’ efforts to reduce financial risks in the economy weighed on demand. The National Bureau of Statistics’ official Purchasing Managers’ Index (PMI) fell to a six-month low of 51.2 in April from March’s near five-year […]
By Lawrence Delevingne | BEVERLY HILLS, Calif. BEVERLY HILLS, Calif. Titans of U.S. industry and Wall Street gather in Beverly Hills this week to discuss how to navigate – and profit from – hot topics such as U.S. tax reform, the upcoming French election and Chinese economic growth. U.S. President Donald Trump’s first 100 days and the next 1,000, as well as the outlook for liberal democracy […]
U.S. President Donald Trump signed a new executive order on Friday, April 28 extending offshore oil and gas drilling to areas that had been off-limits. The move aims to increase domestic production, but it might not prove to be the best idea considering that industry demand for acreage has been rather low. The new executive order could expand offshore drilling to parts of the Pacific, Atlantic, and Arctic oceans, […]
The news these days continues to be filled with reports that traditional stores are at last being sustainably displaced by fast growing online competitors. Startups in online shopping, media, travel, financial services, sharing economy, and finally even healthcare, have either invented popular new high-growth digital categories or are in the midst of successfully re-imagining the old ones in digital native terms. In the 2000s, the digital disruption […]
