It turns out several leading US banks do not require case-sensitive passwords, which could make it easier for someone to access your account. A thread on Reddit on Friday pointed out that Wells Fargo, the third largest bank in the US, doesn’t require its customers to enter a case-sensitive password. Other users confirmed the issue, whereas other banking customers began checking their own accounts and noted that […]
Within the US fixed income market, investors are sending a clear message about the prospect of higher interest rates. In recent weeks, investors have pushed back against a string of leveraged loan transactions, with a handful of deals pulled as money flows into the sector have shrunk. The stumbles underline a diminished appetite for richly valued, floating rate loans, seen as providing investors with some protection from […]
Honeywell International Inc (HON.N) said on Friday its commercial aviation after-sales business was benefiting from robust air travel, while its energy division was getting a lift from stable oil prices, sending shares to a record high. The diversified U.S. manufacturer’s shares rose as much as 3.6 percent to $128.30 in afternoon trading. Honeywell, which made an unsuccessful bid for rival United Technologies Inc (UTX.N) last year, also […]
Tens of millions of iPhone owners are ready to upgrade to 2017 iPhones, fueling the so-called iPhone “supercycle,” market research firm comScore reports. Apple has always enjoyed a loyal fan base and each new product iteration attracts many existing customers looking to upgrade to the latest and greatest. A new report from comScore now reveals that tens of millions of legacy iPhone owners are looking to upgrade […]
It was on a recent break in Bali that we found out that our teenage son is an excellent swimmer. The discovery was a source of amazement, because, whether in the sea or a pool, Calvin only floats on his back, politely declining requests to get some exercise and show us his best freestyle and butterfly strokes. At the hotel in Nusa Dua, our 15-year-old spent all […]
The Government Accountability Office, the watchdog arm of Congress, has sharply criticized CMS for its failure to ferret out overcharges and in April 2016 called for “fundamental improvements” in audits of Medicare Advantage plans. GAO also found that CMS has spent about $117 million on Medicare Advantage audits, but recouped just under $14 million overall. Medicare Advantage plans have been the target of at least a half-dozen whistleblower […]
By Eyanir Chinea and Efrain Otero | CARACAS CARACAS Eight people were electrocuted to death during a looting incident in Caracas, a firefighter said on Friday, amid violent protests against Venezuelan President Nicolas Maduro by opponents accusing him of seeking to create a dictatorship. The accident occurred when a group of looters broke into a bakery in the working class neighborhood of El Valle, according the firefighter, […]
Investor sentiment is leaning towards a market-friendly outcome ahead of Sunday’s first round of voting in the French presidential election. The euro was on course for its best week in three months near $1.07, while a key proxy of election risk, the premium demanded by investors to own French government bonds over German Bunds, has narrowed sharply. “The most likely outcome is for a second round run-off […]
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 […]
The UAE’s museum offerings are maturing and modernising. January marked the opening of Etihad Museum in Dubai, which tells the story of the birth of the UAE through films, documents and interactive experiences. And preparations are well under way for the Louvre Abu Dhabi to open later this year, with plans for a gallery dedicated to younger visitors. Outside the UAE, too, museums are looking to engage […]
Live Photos on the iPhone 6S and newer takes a 1.5 clip either side of a still photo and combines them into three-second clip with sound. Image: Apple Expect to see more of Apple’s Live Photos format moving images thanks to a new Live Photo API for sharing and playing them on the web. Live Photos is a nifty feature on the iPhone 6S and newer that […]
More than 100 cloud seeding missions were carried out in the UAE in the first quarter of 2017, Arabian Business can reveal. Figures obtained from the National Centre for Meteorology and Seismology (NCMS) show that the UAE conducted 101 cloud seeding operations between January and the end of March, compared to 77 missions in the same period last year. This represents a 30 percent increase from the […]
PARIS French artist Abraham Poincheval, who famously spent a week inside a rock and two weeks inside a bear sculpture, has succeeded in hatching chicken eggs after incubating them for some three weeks. Poincheval embarked on his latest project in late March of imitating a mother hen by incubating some 10 eggs with his own body heat inside a glass vivarium at Paris’ Palais de Tokyo contemporary […]
The Federal Reserve appears to believe that the size of its balance sheet matters, but not that bigger is better. The question is, why not? As the Fed pushes ahead with plans to shrink its stock of about $2.5tn of Treasuries and $1.8tn of mortgage-backed securities to “normal”, it is puzzling that officials haven’t provided a compelling case for why the move is either necessary or desirable. […]
Good morning. Program changes are same old The swashbuckling Murdochs now look as milquetoast as old media rivals whom they upended and disdain. With the belated firing of Bill O’Reilly, the monarchical lords of 21st Century Fox turned 1990s with their initial programming decisions. Yes, you can easily make dumb decisions when you’re king of any media hill and a financial juggernaut. But the initial post-O’Reilly programming […]
Lisa Aiken, retail fashion director at Net-a-porter, is currently in the UAE. She was part of a panel discussion in Dubai’s Design District on April 20, with the designers behind Borgo de Nor, Carmen March, Oscar Tiye and Sara Battaglia – brands that are new to Net-a-porter.com this season. Guests varied from emerging local fashion designers to digital influencers and other fashion industry insiders. The discussion aimed […]
© Seb Jarnot I arrive at La Méditerranée, a traditional fish restaurant in a literary quarter of the Left Bank, Paris, at 7pm to find its blue doors firmly bolted. Charlotte Rampling has just confirmed our reservation, but our dining slot appears to have fallen foul of that particularly French timetable that decrees that no civilised person would ever want to eat before 8pm. In a panic, […]
Despite a resurging stock market and stabilized bond risk premia (cough Draghi cough), EurActiv reports the proportion of children living below the poverty line in Spain has increased by 9 percentage points between 2008 and 2014, to reach almost 40%. Spain has the EU’s third highest rate of child poverty, after Romania and Greece. EURACTIV Spain reports. While child poverty in general rose significantly, the sharpest increase (56%) […]
By Mica Rosenberg and Yeganeh Torbati | NEW YORK/WASHINGTON NEW YORK/WASHINGTON When Raj, a Sri Lankan fisherman, sought refuge in the United States in 2005, he had precisely the kind of fear of returning home that U.S. asylum laws require. In 2004, he was kidnapped by the separatist rebel group the Tamil Tigers and had to pay $500 to secure his release, according to Raj, his lawyer […]
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 […]
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 […]
SYDNEY A new ocean debris drift analysis shows missing Malaysia Airlines MH370 is most likely within a proposed expanded search area rejected by Australia and Malaysia in January, the Australian government’s scientific agency said on Friday. A A$200 million ($150.54 million) search for the aircraft, which went missing in 2014 with 239 people onboard, was suspended when the two nations rejected a recommendation to search north of […]
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 […]
I read a quote that said: “If you think you’re too big for the small jobs, then maybe you are too small for the big jobs.” The quote was a play on words to state that someone who thought certain types of work were below them didn’t have the mentality, maturity, or experience to earn a high-profile job. We have two problems in the Gulf countries when […]
