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Sony’s fiscal year 2016 was the best one for the PlayStation 4, but separate reports believe that the company has big plans in store for the video game console. The next PlayStation console, likely to be named the PlayStation 5, could be launched as early as next year. The PlayStation 4, meanwhile, may soon receive a significant price cut. PlayStation 5 Coming Next Year? Sony released the PlayStation […]

Ben Wilson from Pacific Crest thinks it’s unlikely that a new device will replace the smartphone for most purposes. Instead, it will be supplemented by AI-based services such as Amazon’s Alexa. The smartphone is just another iteration of the everyday experience that computers have been getting smaller and smaller for the past 60 years. We’ve already moved from mainframes, minicomputers, workstations, personal computers, laptops, and handhelds to […]

WASHINGTON The White House press corps gathered on Saturday for its annual black-tie dinner, a toned-down affair this year after Donald Trump snubbed the event, becoming the first incumbent U.S. president to bow out in 36 years. Without Trump, who scheduled a rally instead to mark his 100th day in office, the usually celebrity-filled soiree hosted by the White House Correspondents’ Association took a more sober turn, […]

The pope said he did not know enough about French politics to respond, but, he said, “Europe is in danger of breaking apart, this is true.” He noted that the migrant crisis fueled fears that destabilized the Continent, “but we mustn’t forget that Europe is made by immigrants.” Continue reading the main story “Centuries and centuries of immigrants,” he said. “It’s us.” That inclusive message has proved […]

By Philip Pullella | ABOARD THE PAPAL PLANE ABOARD THE PAPAL PLANE Pope Francis said on Saturday a third country, such as Norway, should try to mediate the dispute between North Korea and Washington, to cool a situation that had become “too hot” and posed the risk of nuclear devastation. Francis said he believed “a good part of humanity” would be destroyed in any widespread war. Speaking […]

Epilepsy is a neurological disorder that affects millions of people, regardless of age, but has yet to discover why it happens and how to effectively stop it. So far, most epilepsy patients manage their seizures with prescription drugs or by using cannabis. While scientists continue to study minibrains in order to understand the origins of epilepsy and other neurological disorders, however, a team of engineering students from Rice University […]

Viewers in the Arab world are still waiting for the first locally produced Netflix Original content. We were assured last week at a promotional event in Dubai for the streaming service that bosses are looking for the “right material” and Arabic production remains a key priority. Meanwhile, Netflix’s stable of international productions continues to grow with release of its first Spanish production, Cable Girls (Las Chicas del […]

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Saturday’s American casualty was the third this past week in the fight against the Islamic State. On Wednesday, two American soldiers were killed in Afghanistan during a raid on ISIS fighters. Pentagon officials said they might have been struck by friendly fire. The Defense Department on Friday identified the soldiers, both of them Army Rangers, as Sgt. Joshua Rodgers, 22, and Sgt. Cameron Thomas, 23, deployed from […]

Authored by Patrick O’Shaughnessy via InvestorsFieldGuide.com, My guest this week is Danny Moses, who was directly in the middle of the biggest trades in market history, chronicled by Michael Lewis in his book the Big Short. Danny was the head trader on the Frontpoint team led by Steve Eisman, which was one of a small group of firms that figured out, in real time, the dire situation […]

By Foo Yun Chee and Alastair Macdonald | BRUSSELS BRUSSELS Several EU leaders took advantage of a Brexit summit on Saturday to finalise deals settling various thorny issues as part of a strategy to present a united front ahead of tough negotiations with Britain on its withdrawal from the bloc. With discussions with Britain due to take place over the next two years, the European Union is […]

Marine Le Pen has agreed to team up with an anti-EU candidate who came sixth in the first round of France’s presidential election as she seeks to win votes from the centre-right in the run-off next weekend. On Saturday Ms Le Pen announced that she would name Nicolas Dupont-Aignan, an anti-EU Gaullist and founder of the nationalist party Debout la France (Arise France), as prime minister in […]

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 […]

Authored by Jeffrey Snider via Alhambra Investment Partners, Back on March 10, the New York Fed’s attempt at real-time GDP forecasting predicted that the Q1 2017 estimate would be 3.2%. That would have qualified as another decent quarter, the second out of the past three and somewhat in keeping with “reflation.” As we know today, the advance figure calculated by the Commerce Department amounted to just 0.69% […]

Airline stocks were grounded on Thursday after American Airlines unexpectedly offered to raise wages for its crew members, exacerbating investor concerns over industry costs. American Airlines fell the most in 10 months, dropping 8.6 per cent to a two-week low of $42.41, after the company proposed giving its pilots and flight attendants an average pay bump of 8 per cent and 5 per cent, respectively. The pay […]

Islamabad Minister of State for Capital Administration and Development Division Dr Tariq Fazal Chaudhry Tuesday said Pakistan Tehrik-i-Insaf (PTI) used Panama Papers as a political ploy after its allegations of electoral rigging were rejected by a judicial commission in 2014.Addressing a press conference along with Pakistan Muslim League-Nawaz (PML-N) Member of National Assembly Daniyal Aziz, he said the name of Prime Minister Nawaz Sharif was not even […]

This story was originally published on Medium and is being republished here with the permission of its author. Two years ago in Hong Kong, I sat around a conference table with some of the finest journalists to have worked in the Chinese media in the past two decades. Left and right of me were reporters who had broken major stories of corruption, malfeasance and cruelty, and who […]

DUBAI // A Dh800 million roads project to improve traffic flow in an area of Dubai has been endorsed by Sheikh Mohammed bin Rashid, Vice President and Ruler of the emirate. Sheikh Mohammed directed the authority to immediately start road construction projects he endorsed “to cope with the upswing and demographic expansion of Dubai”, said Mattar Al Tayer, RTA director general. The first phase of the project […]

If you feel like mealtime with the children is more of a battle of wills than a chance to connect with each other and build healthy-eating habits, you are not alone. Whether you are dealing with toddlers or teenagers, enjoying a meal without having to fight through protests, negotiation and tears can be a challenge that isn’t always easy to tackle with tenacity – let’s face it, […]

Etihad Airways plans to stand by Air Berlin even after its German partner reported soaring operating losses as a strategic overhaul struggled to gain traction. Germany’s second-largest carrier is shedding tourism and point-to-point operations, shrinking its fleet by half to transform itself into a network airline. The process contributed to pushing the operating loss to 667 million euros ($739 million) last year, more than twice the 2015 […]

The third Dubai Week in China, an event to promote and catalyse economic development and cultural exchange, will take place in Shenzhen, located in Southern China, later this year. The announcement was made by Falcon and Associates, a strategic advisory company that works for the Dubai leadership and initiated Dubai Week in China.    Following the success of Dubai Week in China in Beijing (2015) and Shanghai (2016), […]

By Matthias Blamont and Simon Carraud | PARIS PARIS French far-right presidential hopeful Marine Le Pen on Saturday chose defeated first-round candidate Nicolas Dupont-Aignan as her prime minister, a bid to attract his voters and help her to victory over centrist favourite Emmanuel Macron. Dupont-Aignan is a nationalist whose protectionist economic policies are close to those of the National Front’s Le Pen and who, like her, wants […]

Most of the stories we hear about Damascus these days are tales of despair from news bulletins about bombings, water shortages or failed peace efforts. But to Syrian children’s writer and illustrator Nadine Kaadan, who spoke on Friday at the Abu Dhabi International Book Fair, the city is always a source of inspiration. With her first book in English – The Jasmine Sneeze, about a cat who […]

Emerging from an Hermès store in Shanghai with a shiny new watch costing “tens of thousands” of renminbi, Zhao Feifei is emblematic of a younger generation of Chinese consumers driving a rebound in sales of European luxury brands. “I’m earning more than before so I’m more willing to spend,” says Ms Zhao, who works in an internet finance company. The 30-year-old is one of the many customers […]

Sadara’s 26-plant chemical complex makes strong headway towards full operation with completion of plastics envelope JUBAIL, Saudi Arabia, April 27, 2017 – Sadara Chemical Company (Sadara) announced today the startup of its fourth and final polyethylene unit, the High Pressure Low Density Polyethylene (HP-LDPE) Train. This marks a significant milestone for the company as it continues to bring its world-scale manufacturing facilities on stream.  The HP-LDPE Train […]

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