At least 180 Chinese listed companies will be forced to cancel or scale back planned rights offerings worth $97bn in response to regulations that target excessive fundraising used for dubious acquisitions and financial speculation. The rules come as Chinese regulators are increasingly concerned about the trend of “exit the real, enter the fake” — a phrase used to denote companies abandoning real economic activity in favour of […]
iPad sales are in serious decline, but Apple CEO Tim Cook remain “very bullish” about the tablet. Can a March refresh turn things around? Must read: OLED iPhone 8 may finally have the feature that owners have been craving The Internet of Things 10 types of enterprise deployments As businesses continue to experiment with the Internet of Things, interesting use cases are emerging. Here are some of […]
H.E. Mohammed Al Gergawi: The vision of His Highness Sheikh Mohammed bin Rashid is clear and the role of the council is to put the strategy of Dubai 10x into action We will be working to stay ahead of future trends and developments and to maintain our lead over other major cities, implementing today what cities around the world will be adopting 10 years from now Dubai, […]
By MacDonald Dzirutwe | HARARE HARARE As he celebrated his 93rd birthday on Tuesday, Zimbabwe President Robert Mugabe brushed aside persistent allegations of corruption against senior officials, saying rumour-mongers were merely targeting “big fish” in his administration. In comments to be aired on state media on Tuesday, the world’s oldest leader said he would act if shown evidence – even though graft scandals involving ministers and even […]
GENEVA Nearly 1.4 million children are at “imminent risk” of death in famines in Nigeria, Somalia, South Sudan and Yemen, the U.N. children’s agency UNICEF said on Tuesday. People are already starving to death in all four countries, and the World Food Programme says more than 20 million lives are at risk in the next six months. “Time is running out for more than a million children,” […]
Tuesday 08:45 GMT Overview European stocks are easing back after a mixed Asia session as Wall Street looks to re-enter the fray at record levels. The dollar is stronger and Treasury yields are moving up as expectations build of tighter US monetary policy, a scenario that is hurting gold. Hot topic European government bond markets remain a focal point for investors after an opinion poll showed Marine […]
Telstra has confirmed that its enterprise voice and data outage across New South Wales was caused by a faulty piece of hardware. The outage affected only enterprise customers on Tuesday morning until 1pm AEDT, with consumer fixed-line and mobile services not impacted by the hours-long outage. Earlier this month, Telstra also experienced an outage across fixed-line and mobile services due to a fire at its Chatswood exchange […]
Remember Inauguration Day? A month ago, journalists wondered whether the lessons from the Trump campaign would apply to the Trump administration. Would President Trump lay off Twitter? Would his media-bashing continue? And would he keep shutting down disfavored news organizations? So far, the answer to those questions appears to be No, yes and yes, in that order. But the fledgling Trump presidency has also imparted several important […]
By Drazen Jorgic | MALAM JABBA, Pakistan MALAM JABBA, Pakistan Atop the piste of Malam Jabba in Pakistan’s once dangerous Swat Valley skiers schuss downhill, a new Chinese-built chairlift ferries tourists to the peak, and a luxury hotel is under construction to replace one torched by the Taliban. The Taliban declared skiing “un-Islamic” during their 2007-2009 reign of terror over Swat, but improved security in recent years […]
By Michael O’Boyle and Ana Isabel Martinez | MEXICO CITY MEXICO CITY Mexico’s central bank faces difficult decisions as it balances a spike in inflation against an expected economic slowdown, Deputy Governor Alejandro Diaz de Leon said on Monday. “We are in an especially complex environment,” Diaz de Leon told Reuters in an interview. Diaz de Leon pointed to the heightened risk of inflation from a weak […]
Success for banks selling large blocks of stock in the European market this year points to a supportive environment for new listings in the months ahead, bankers say. There have been 70 such accelerated offerings so far this year according to Dealogic, worth €11.3bn, more than double the €5.5bn sold in the same period a year ago when anxiety about the state of China’s economy prompted much […]
By Suleiman Al-Khalidi | AMMAN AMMAN Islamic State-linked Syrian militant groups on Monday launched a surprise attack on moderate rebels in southwestern Syria near the Golan Heights near where the Jordanian and Israeli borders converge, seizing several villages and a large town, rebels and witnesses said. Rebels said the militants were able to extend their area of control in territory that forms a natural barrier between Syria […]
With US stocks in record territory and the S&P 500 index the most richly valued in more than a decade, some investors see dark clouds gathering on the horizon. The S&P 500, a broad measure of the stock prices of America’s largest companies, ended last week at a record high and has risen almost 10 per cent since the election of Donald Trump as president in November. […]
The most successful artificial intelligence (AI) systems will be those comprising an emotional intelligence almost indistinguishable from human-to-human interaction, according to Bronwyn van der Merwe, group director at Fjord Australia and New Zealand — Accenture Interactive’s design and innovation arm. While the concept of AI is not new, in 2017 van der Merwe expects emotional intelligence to emerge as the driving force behind what she called the […]
Trump Is Playing You Note: Soren K is a group of 4 writers to whom I contribute on commodity market posts-Vince Lanci Written by Soren K and MarketSlant. There is one thing Hillary and Donald agree on. You are idiots. She said it. He thinks it. In fact the voting populace is largely brain damaged. And those who aren’t quite vegetables yet will become pacified with iphones, slot machines, […]
The Panama Papers scandal is the mother of all corruption cases which continues to haunt Joseph Muscat’s Government till this day, Beppe Fenech Adami told the PANA committee today. The PANA committee is in Malta to investigate the Panama Papers scandal, which brought to light the fact that Minister Konrad Mizzi and OPM chief of staff opened companies in Panama. The full declaration of […]
Presidents Day 2017 is this Monday, Feb. 20, and many businesses and institutions are closed for the day. Schools, banks, post offices and more are not working today, but there are still plenty of businesses and services operating normally. Pictured here are the sculptured heads of the American presidents, from left to right, George Washington, Thomas Jefferson, Theodore Roosevelt and Abraham Lincoln, carved into Mount Rushmore, South […]
By Phil Stewart | BAGHDAD BAGHDAD The U.S. military is “not in Iraq to seize anybody’s oil”, Defense Secretary Jim Mattis said, distancing himself from remarks by President Donald Trump, as he held talks with Iraqi leaders on Monday. Mattis was the highest-ranking Trump administration official to visit Iraq since Trump irked Iraqis with a temporary ban ontravel to the United States and for saying America should haveseized […]
Travis Kalanick has it all worked out. Just ask him. He sees the future, and what it looks like is pretty different from what most people experience every day. Not surprisingly, it all starts with Uber. With a ride-sharing system, says the 40-year-old bachelor and CEO of the transportation company that has gained global notoriety, one car can be shared by 30 people. “The cost of that […]
Microsoft may have decided to nix its HoloLens 2 headset which was expected to debut in early 2017 and decided to go straight to version 3 in 2019. The decision to skip version 2 and go straight to 3 is according to a report on February 19 from Brad Sams on Thurrott.com. Sams cites multiple anonymous sources as saying Microsoft’s next HoloLens release is two years away. […]
By Simon Jessop and Sophie Sassard | LONDON LONDON Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance. The U.S. company, which has yet to make a profit, aims to raise between $19.5 billion and […]
Microsoft is reportedly looking to skip the second version of the HoloLens and jump straight to version three instead. For the unfamiliar, the mixed reality HoloLens headset went on sale in March 2016 and the developer edition was priced at $3,000. However, this HoloLens headset was only intended for developers and people have been waiting with bated breath for the consumer variant to arrive. With no news […]
Standalone alternative story forms (ASF) do just what their name implies: They stand alone as independent stories, with no traditional story to accompany them. Like a standalone photo or graphic, the standalone ASF needs to be a complete story. It might be all the reader will see about the topic, particularly in print media. Typically, a standalone ASF begins with some introductory text. This is similar to […]
The quaint cobblestone streets of the historic Gastown district of Vancouver belie its status as a fast-growing technology hub. Drawing on links with nearby Seattle, and San Francisco further south, a tech boom in Canada’s third-largest city has pulled in tens of thousands of skilled workers and start-up entrepreneurs in recent years, sparking a fierce fight for the limited supply of office space. Now the commercial centre […]
