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Ford’s autonomous vehicle platform runs this Fusion Hybrid. Image via Ford. Ford has just announced a $1 billion investment in artificial intelligence startup Argo AI to bolster the automaker’s self-driving car technology. The acquisition-sized investment will make Ford the majority shareholder of Argo AI, though Ford plans to spread out the funds over a five-year period. Argo AI was founded (somewhat recently) by Brian Salesky, the former […]

TOKYO Japanese conglomerate Toshiba Corp probably suffered a group net loss of about 400 billion yen ($3.52 billion) in the nine months through December, the Nikkei reported on Sunday. The loss is largely due to a goodwill impairment of around 600 billion yen on a U.S. nuclear unit that came to light in late 2016. During the year-earlier period, Toshiba lost a similarly significant 479.4 billion yen. […]

The European government bond market had what is known in technical circles as a minor freak-out this week. Yet as yields in eurozone bonds diverged sharply, the markets for stocks, corporate debt and currencies carried on regardless. The Cac 40 index of large French-listed companies was barely changed on the week. The euro weakened per cent against the US dollar, but at the same time the dollar […]

Friday 21:00 GMT Overview US stocks and industrial commodities were riding high and the dollar forged ahead at the end of a week in which an outbreak of worries over forthcoming European elections was replaced by renewed bullishness about the policies of Donald Trump, US president. The more confident mood was also driven by optimism about corporate earnings and evidence of strong trade growth in China. Hot […]

Qatar Petroleum is the hidden giant of the global energy industry, overshadowed by its neighbor Saudi Aramco. Yet, the country’s colossal natural gas resources allow the state-run company to pump more oil and gas than Rosneft PJSC or Exxon Mobil Corp. After almost two decades of breakneck growth, the company needs to change tack. QP plans to expand abroad as domestic crude output declines and the government […]

The four main US stock barometers all logged record closing highs on Friday, marking the first grand slam in two months as small capitalisation stocks have caught up to their larger brethren. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite were already trading at all-time peaks before Friday, propelled higher by the relatively strong performance of large capitalisation stocks, leaving the Russell 2000 index lagging […]

SYDNEY Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the two countries. The group’s billionaire founder Jack Ma, who spent time in Australia as a young man, said he hoped the e-commerce giant would help Australian and New Zealand businesses “share their […]

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Every time I take a spin through my Facebook or Twitter feeds, I’m reminded that there’s only one big story right now: Trump, Trump, Trump. For news organizations that wrestle with what coverage their community is most likely to consume, this is one of those rare moments when the mystery is solved. Give ‘em Trump. Love him or loathe him, they can’t get enough. But if the […]

By Chuck Mikolajczak | NEW YORK NEW YORK U.S. stocks climbed on Friday, with the S&P 500 closing just short of a record high, boosted by gains in financial shares as President Donald Trump moved ahead with deregulation action and by a strong payrolls report. The S&P financial sector .SPSY jumped 2 percent to score its best day since mid-November after Trump signed an executive order to […]

Investors piled into bank shares on Friday following news that Donald Trump will begin the process to undo parts of the Dodd-Frank financial reform law. The S&P 500 financials sector advanced 2 per cent and propelled it back into positive territory for the year on Friday. Within the broad group, the banks subsector gained 2.6 per cent, giving both their best day since November. Morgan Stanley shares […]

There is a wide range of commercial applications for AR in both consumer and enterprise use. Josh Miller Augmented reality (AR) and virtual reality (VR) are becoming integral components of modern smartphones, and experts say mobile devices will help drive demand for these technologies. special feature VR and AR: The Business Reality Virtual Reality and Augmented Reality are going to be useful for far more than just […]

By Lucia Mutikani | WASHINGTON WASHINGTON U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, but wages barely rose, handing the Trump administration both a head start and a challenge as it seeks to boost the economy. Nonfarm payrolls increased by 227,000 jobs, the largest gain in four months, the Labor Department said on Friday. The unemployment rate, however, […]

Investors have warmed to Russian assets, welcoming the country in from the cold. Russian bond funds counted record inflows in the week to February 1 as higher crude prices and improving relations with the US prompted an investor rotation back into the country. Emerging markets more broadly have found renewed investor appetite as the dollar has fallen to an 11-week low. More than $1bn flowed into EM […]

Planning and engineering firm SSH has been awarded the contract to design Eagle’s Hills new Marassi Boulevard scheme in Bahrain, it said on Thursday. Eagle Hills is a division of Mohamed Alabbar’s Emaar Properties. Its proposed Marassi Boulevard comprises four low-rise residential buildings ranging from seven to ten floors. The scheme includes more than 240 homes in total, from studios to three-bedroom apartments, and 700 square metres […]

The White House has said that Israel’s settlement building programme “may not be helpful”, marking the Trump administration’s first public response to a construction spree on Palestinian lands announced by the government of Benjamin Netanyahu in recent days. The statement, issued two weeks before Mr Netanyahu is due to visit President Donald Trump in Washington, is a rap on the knuckles for the Israeli prime minister, who […]

The electronic data connections within microchips are increasingly becoming a bottleneck in the exponential growth of data traffic. Optical connections are the obvious successors but optical data transmission requires an adequate nanoscale light source, and this has been lacking. Scientists have created a light source that has the right characteristics: a nano-LED that is 1000 times more efficient than its predecessors, and is capable of handling gigabits […]

Trumps Vision of a Militarized America President Trump wont, of course, be starting from scratch in his urge to further elevate the military in foreign and domestic affairs. Hes building on a process thats already well under way, explains William D. Hartung. Erdogan: A Classic Case Of How Power Corrupts Turkish President uses every lever […]

MANILA The Maoist-led New People’s Army (NPA) has engaged in guerrilla warfare in the Philippines for nearly five decades, with more than 40,000 people killed in a conflict that has stunted growth in resource-rich areas. Following is a look at the background of one of the world’s longest-running communist insurgencies. – Jose Maria Sison, a political science professor, founded the Communist Party of the Philippines (CPP) in […]

In a potential boost to Prime Minister Narendra Modi’s “Make in India” initiative, tech giant Apple Inc. is nearing a deal with Taiwanese contract manufacturer Wistron Corp. to start making products in the southern state of Karnataka, a senior state official said. “The contractual agreement between the two companies is on the verge of being signed,” the Karnataka government official who has direct knowledge of the matter […]

European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]

Middle East-based airlines posted the strongest annual traffic growth in the world for the fifth year in a row last year, according to the International Air Transport Association (IATA). IATA said in a statement that demand, measured in revenue passenger kilometres (RPKs), rose by 11.8 percent, consolidating the region’s position as the third-largest market for international passengers. It added that capacity growth (13.7 percent) continued to outstrip […]

Dubai – United Arab Emirates, 3rd of February 2017 The 17th edition of the Dubai World Dental Meeting (DWDM) starts this Saturday 4th of February, 2017 at the Novotel World Trade Center Hotel. Dubai World Dental Meeting this year presents 10 hands-on workshops delivered by international industry leaders. DWDM will discuss several topics that will cover Endodontics, Aesthetic, Restorative Dentistry, Orthodontics, Laser in Dentistry, Dental Practice Growth, […]

|By Arabian Post Staff| Etihad Aviation Group and Lufthansa German Airlines, part of Europe’s largest aviation group, today unveiled details of a new commercial partnership. The two airline groups have concluded a US $100 million global catering agreement and a Memorandum of Understanding (MoU) to cooperate in aircraft maintenance, repair and overhaul. Addressing a press conference today in Abu Dhabi, the chief executives of both airline groups spelled […]

Conservative Republicans are girding themselves for a clash with Donald Trump’s administration, warning that lax spending plans could put national debt on a steeper upward trajectory. The president has wrongfooted Republican deficit hawks by proposing to slash tax, protect social security and Medicare, boost defence spending and build a wall along the border with Mexico. Some lawmakers fear even fiscally conservative colleagues will buckle in the face […]

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