For years we’ve written about the fact that Americans, young to old, are lousy savers (see “Retirement Crisis Looms As Average U.S. Household Has Saved $2,500 For Retirement“). Of course, they have to be because how else can a mature economy continue to grow unless every single person levers every asset they own to the maximum extent possible and then spends all of that money? Anything less […]
Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with the matter. The world’s biggest crude oil exporter plans to sign accords also with Baker Hughes, KBR Inc., Jacobs Engineering Group Inc., Nabors Industries Ltd., Weatherford International Plc, McDermott International […]
With the greenback stuck in the doldrums, Japan’s yen has shaken off some of its recent weakness to reach its strongest level in nine days. The yen pushed as much as 0.4 per cent higher in early Asia trade to ¥112.71 per dollar, the firmest level since May 8. Japan’s currency had weakened to as much as ¥114.37 as recently as Wednesday, the softest level since mid-March. […]
Ransomware is all over the news. Experts estimate the recent WannaCry attack affected as many as 300,000 devices globally. If you’re worried about falling victim to ransomware, there are a few things to consider. How would you react if someone stole your home computer? What if your hard drive failed and wiped out all your programs and data? If you’re prepared with a full, offsite backup, encrypting […]
By Jamie McGeever | LONDON LONDON The global economic, financial and political landscape has never been shakier, but the world’s rich are confident they can steer through the fog of uncertainty in the coming year “without so much as a dent in their finances”, a survey showed on Wednesday. The findings of UBS Wealth Management’s survey of more than 2,800 millionaires in seven countries show a high […]
Mr. Erdogan praised Mr. Trump for the “legendary triumph” he had achieved in the election and declared that his first meeting with the new president would be a “historical turn of tide” in the Turkish-American relationship. Continue reading the main story “We are committed to fighting all forms of terrorism, without any discrimination whatsoever, that impose a clear and a present threat upon our future,” Mr. Erdogan […]
SINGAPORE — Although Singapore and China are different in size, they face common challenges in innovation and governance, noted Deputy Prime Minister Teo Chee Hean yesterday as he kicked off a high-level bilateral forum on leadership. Delivering the keynote address during the 6th China-Singapore Forum on Leadership, Mr Teo said the common obstacles faced by both countries included an ageing population, a slower-growing workforce, rising expectations of […]
Investors have accelerated their buying of European financial assets in the wake of Emmanuel Macron winning the French presidency, but a top executive at one of the world’s biggest asset managers cautions that the region’s stock markets aren’t as cheap as they appear. European equity funds enjoyed their strongest week of inflows on record last week — pushing the EuroFirst 300 index up 3.7 per cent this […]
In the meeting with the Russian ambassador and foreign minister, Mr. Trump disclosed intelligence about an Islamic State terrorist plot. At least some of the details that the United States has about the plot came from the Israelis, the officials said. Continue reading the main story The officials, who were not authorized to discuss the matter and spoke on the condition of anonymity, said that Israel previously […]
Dubai, 16 May 2017 At ICM Capital LTD, we’re committed to helping our clients transform the way they trade. We know that simply being good for ICM Capital is not enough. We must also be good for our partners and the communities in which we live and work. We’re in a great position to make sure that we set an example in our world of trading. As […]
BANGKOK – Thailand backed off a threat to block Facebook on Tuesday, instead providing the social media site with court orders to remove content that the government deems illegal. Thailand made the threat last week as it wanted Facebook to block more than 130 posts it considers a threat to national security or in violation of the country’s lese majeste law, which makes insults to the monarchy […]
Fake news stories are often extremely easy to debunk. Fact-checking “Pope Francis endorses Donald Trump” required little more than an analysis of papal interviews and an email to the Vatican press office. Some fakers don’t even bother writing up an article to back up their hoax headlines. Yet by the time fact-checkers arrive on the scene of a fake, it may be too late to correct the […]
President Donald Trump‘s controversial travel ban has reached the 9th Circuit Court of Appeals, with a three-judge panel discussing its constitutionality on Monday, May 15. Trump first issued a travel ban preventing people from six Muslim-majority countries from entering the United States. Affected countries included Iran, Iraq, Syria, Sudan, Yemen and Somalia. The ban stirred great controversy and opposition, and a U.S. judge granted emergency stay. Faced with […]
Image: Supplied SAP has announced that its Cloud Platform is now also offered as a multicloud environment, which will allow customers to develop and run apps via their choice of infrastructure providers. Customers will be able to use Amazon Web Services (AWS), in general availability; Microsoft Azure, under public preview; and the demo showcase of Google Cloud, in addition to full multicloud support through the SAP Cloud […]
Europe’s top court has ruled that a key EU-Singapore agreement requires backing by all EU member states — but only for a narrow set of issues — in a decision that could chart the way for a post-Brexit trade accord with the UK. The European Court of Justice ruled that EU member states must sign off on specific areas related to investment in the Singapore trade deal. […]
Martin Draper, technology director at luxury retailer Liberty, says his big priority for 2017 is business intelligence. The firm gathers information from various sources and Draper wants to create a data-driven strategy that helps executives at the firm make smarter decisions quickly and effectively. He joined the world-famous retailer in March last year, having completed a 13-year IT leadership stint at Harrods. Throughout his career, Draper has […]
“What killed the dinosaurs?” is an enduring question that has plagued grade school students and seasoned scientists alike. We’ve long known that the asteroid that created the Chicxulub crater in Mexico was linked to the demise of everyone’s favorite giant lizards, but the details have been a bit sketchy. Now, a team of scientists have uncovered evidence that lends credence to the notion that the dinosaurs were […]
British IT expert Marcus Hutchins who has been branded a hero for slowing down the WannaCry global cyber attack, during an interview in Ilfracombe, England, Monday, May 15, 2017. Hutchins thwarted the virus that took computer files hostage around the world, including the British National Health computer network, telling The Associated Press he doesn’t consider himself a hero but fights malware because “it’s the right thing to […]
Seeking to make virtue out of totally predictable and painful necessity, the parent of The Chicago Tribune is seeking to buy its longtime tabloid rival, The Chicago Sun-Times. The two papers already have a joint printing and distribution agreement and will now enter into a merger discussion that would theoretically maintain them as separate entities. Any such deal would need Justice Department approval. But the weakened state […]
Vodafone redials its Indian impairment numbers. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Hailing from the country that gave India cricket, Victorian railway architecture and a penchant for bureaucracy, Vodafone might have expected a little goodwill on the subcontinent. Instead, India has given the British mobile phone operator a price war, […]
By Ami Miyazaki and Taiga Uranaka | TOKYO TOKYO Japan’s government said on Tuesday it wanted Toshiba Corp (6502.T) and partner Western Digital Corp (WDC.O) to cooperate, expressing concern about an escalating dispute between the two that threatens to upend the sale of Toshiba’s chip unit. Western Digital sought international arbitration this week to stop Toshiba from selling the unit without its consent, arguing that the Japanese […]
By Ann Saphir | SAN FRANCISCO SAN FRANCISCO Ramin Forouzandeh had applied to 13 PhD economics programs in the United States, but after President Donald Trump signed his first travel ban in January, the 25-year-old Iranian turned to Canada for other options. He said he had focused on U.S. schools because they hosted most of the world’s top 20 economics programs. “Before the travel ban, I never […]
ABU DHABI, United Arab Emirates, 15 May 2017, (ME NewsWire) Global International Indian School (GIIS) Abu Dhabi will soon launch STEM (Science, Technology, Engineering and Mathematics) Learning Programme for all its students from grades 3 to 9. Schools across 112 nations have implemented STEM Learning in order to help students learn through activities and experiments that help them understand much better compared to just theoretical knowledge. […]
By Dustin Volz and Jim Finkle | WASHINGTON/TORONTO WASHINGTON/TORONTO Cyber security researchers have found technical evidence they said could link North Korea with the global WannaCry “ransomware” cyber attack that has infected more than 300,000 computers in 150 countries since Friday. Symantec (SYMC.O) and Kaspersky Lab said on Monday that some code in an earlier version of the WannaCry software had also appeared in programs used by […]
