FRANKFURT A large Porsche SE (PSHG_p.DE) stake owned by former Volkswagen (VOWG_p.DE) chairman Ferdinand Piech may be bought by other members of the Porsche and Piech clans before May 30, German weekly Bild am Sonntag said. Porsche SE said on Friday that Piech wanted to sell his 14.7 percent stake in the family-controlled holding company, which is worth at least 1.1 billion euros ($1.2 billion). It said […]
Tech Times reported on March 11 that Tesla co-Founder and Chief Executive Officer Elon Musk backed up Lyndon Rive’s bold claim at the Powerwall 2 launch at Newport, near Melbourne, that the company can solve South Australia’s energy storage problems in 100 days with its new battery. Rive, Tesla’s Vice President for Energy Products, cited the company’s experience in building a power plant in South California in 90 […]
Employer-funded healthcare in the US is an accidental system. It came into being during the second world war, when wage freezes and 1.9 per cent unemployment forced the government to allow companies to offer fringe benefits like healthcare in an attempt to attract workers. In 1943, the Internal Revenue Service ruled that employer-based healthcare should be tax free — and we were off to the races. The […]
One day after Rex Tillerson warned that the US is contemplating a pre-emptive military attack on North Korea, the isolated nation announced it has conducted a ground test of a new type of high-thrust rocket engine that leader Kim Jong Un is calling a “revolutionary breakthrough” for the country’s space program, the North’s state media said Sunday. Kim attended Saturday’s test at the Sohae launch site, according […]
Spam emails are often used to distribute malware. Image: Symantec Cybercrimes like phishing and malware distribution could almost be eradicated if organisations took one simple step to actively fight against it, a senior member of the UK’s organised crime fighting operation has claimed. That step, says Paul Edmunds, Head of Technology at the National Crime Agency (NCA) National CyberCrime Unit, is the adoption of an “active defence” […]
DUBAI// A man who was looking to buy bootleg alcohol was stabbed to death after interrupting an attempted rape, Dubai Criminal Court was told. On January 9 this year, the Pakistani victim, whose age was not in court records, approached two Emiratis who were attempting to rape a 21-year-old Pakistani man and asked if they could sell him alcohol. “He walked towards them while I was still […]
Here are the big questions for markets and investors as a new trading week beckons. Does a measured Fed risk being left behind by inflation?After a barrage of central bank meetings, Brexit angst and the first major European election for the year, market volatility across bonds and equities remains quiescent. Having been primed for a more aggressive Federal Reserve and wary of polls being wrong ahead of […]
With GCC governments placing so much emphasis on start-ups as the backbone of a stronger, non-oil based economy, people would be forgiven for thinking it was all about quantity over quality. In fact, in an interview two years ago, a senior official at Abu Dhabi government leading on the UAE’s ‘Takamul’ patenting initative, came right out and said it. He told Arabian Business that the quality of […]
In a startling move that went contrary to almost everyone’s expectations, the US Citizenship and Immigration Services (USCIS) announced that there would be no changes in H-1B “skilled worker” visas this year. Applicants who still wished to apply for the skilled worker category visa would face the same Congressional limit of 65,000 in the general category and another 20,000 for foreign students who have a masters degree […]
Exciting programme of seminars includes focus on experiential travel theme, selling local experiences, and halal tourism 19 March 2017 The legacy of Expo 2020 is set to come under the spotlight on Arabian Travel Market’s Global Stage, returning for the 2017 show at Dubai World Trade Centre, from April 24 to 27. Expo 2020, between October 2020 and April 2021, will bring together more than 180 nations […]
Some jailbreaking enthusiasts have been getting impatient for an iOS 10.2.1 jailbreak from formidable hackers such as Luca Todesco, Marco Grassi, the Pangu Team, and PP Jailbreak, among others. But there hasn’t been any update from any of them since Todesco and Grassi released the Yalu102 on Jan. 26. While Todesco has already declared, however, that he’s going on hiatus after the final Yalu102 version is released — without […]
After three seasons of speedy villains, The Flash will hit the brakes in Season 4. “Next season we’re not going to have a speedster [as the main villain],” showrunner Andrew Kreisberg revealed during a panel at Los Angeles’ PaleyFest on Saturday, where the stars and producers of The Flash, Arrow, Supergirl and Legends of Tomorrow were gathered to celebrate the four CW shows. But before Barry Allen […]
Getty Images/iStockphoto More companies are moving applications into the cloud, but the pain of the migration is holding them back from doing more. Nearly nine out of ten companies are now using cloud-hosted applications or services, a number that has been steadily rising in recent years: in 2010 less than half said they were using such services. But further examination of the data from tech industry group […]
Chuck Berry, who has died aged 90, was to some the greatest rock ’n roll artist of all time: he was certainly among the most influential. All the big British bands of the 1960s, in particular The Beatles, The Rolling Stones and The Animals, looked to Berry for both inspiration and material. Their early hits such as “Roll over Beethoven”, “Come On” and “Memphis Tennessee” had all […]
Half of GCC-based companies have not started to prepare for the launch of 5 percent value added tax in the region next year, according to a survey conducted by global consultants EY. Only 11 percent of businesses said they have evaluated the changes that are needed to their financial, operational and information technology processes ahead of the introduction of VAT in January 2018. The survey revealed that […]
A silicon optical switch newly developed is the first to transmit up to 10 gigabits per second of data at temperatures just a few degrees above absolute zero. The device could enable data transmission for next-generation superconducting computers that store and process data at cryogenic temperatures. (via WSJ)
The Committee of Inquiry into Money Laundering, Tax Avoidance and Tax Evasion (PANA) within the EU Parliament will be heading to the USA next week to hold a series of meetings. AD Chairperson Arnold Cassola posted this information on his Facebook page. “After having investigated the London, Malta and Luxembourg financial systems, the PANA delegation will next week visit the USA, including Delaware, which is renowned […]
From the evil alien foe Krall in Star Trek Beyond, which was partly shot in Dubai, to the battle-hardened guerrilla commandant in Netflix’s harrowing debut feature Beasts of No Nation, and the tortured murder detective in the globally successful detective-show Luther, British actor Idris Elba has made a career out of playing tough guys. His latest show for Discovery Channel, Idris Elba: Fighter, however, sets out to […]
Brazil’s coffee farmers, struggling with the effect of last year’s drought, have turned to another black commodity — pepper. In a desperate search for an alternative source of income, an increasing number of growers in the state of Espirito Santo, the key producer of the lower-quality coffee robusta beans, have switched to black pepper, whose price more than tripled between 2009 and 2015. “Four years ago, we […]
Next-generation steel and metal alloys are a step closer to reality, thanks to an international research project. The work could overcome the problem of hydrogen alloy embrittlement that has led to catastrophic failures in major engineering and building projects. (via WSJ)
DevOps is a great concept — but many enterprises are still struggling to get out the starting gate with it. Photo: CERN Press Office That’s the key takeaway from a recent survey of 2,045 IT managers and professionals, released by Quali, an IT automation solutions provider. While most people in enterprises would say at this point that they have DevOps underway in some shape or form, achieving […]
By Elisabeth O’Leary | ABERDEEN, Scotland ABERDEEN, Scotland Refusal by Britain’s prime minister to discuss an independence referendum would “shatter beyond repair” the United Kingdom’s constitutional structure, Nicola Sturgeon told her Scottish National Party on Saturday. Sturgeon pledged to press on with plans to hold a new Scottish referendum as announced earlier this week, deepening a standoff with the UK government. Party faithful gave her a rapturous […]
DUBAI // The notorious Dubai-Sharjah traffic could soon be eased after a series of new roads serving residential areas along the route was completed. The Roads and Transport Authority finished road works in 16 residential districts of Dubai at a cost of Dh835 million. In April, new internal roads at Al Mamzar and Al Nahda 1 will open, and improvements to streets in Nad Al Sheba 4 […]
British documentary filmmaker Adam Curtis is scheduled to speak about western perceptions of the Arab world at the launch of the BBC Arabic Film Festival in London on Friday. Curtis uses his films to discuss the cultural and political subconscious of the world through a mix of sociology, psychology, philosophy and political history. A recent New York Times profile on the 61-year-old British BBC journalist described his […]
