Over the past year, technology and ‘sharing economy’ start-ups have continued their disruption of traditional industries — from Uber and other ride hailers’ shake-up of the taxi market to Airbnb’s myriad alternatives to conventional hotel stays. But which will be the next businesses to be challenged by further digitisation and automation? FT correspondents have looked ahead five to 10 years to identify those industry sectors and companies […]
Fletcher will become the second long snapper in Alabama history to be awarded a full scholarship out of high school. The first, Cole Mazza, who will graduate this year, was also the No. 1-rated snapper when Coach Nick Saban offered him an Alabama scholarship in 2012. Continue reading the main story Put another way: Alabama’s focus on the littlest details of the game even stretches to the […]
SEOUL Headed for a fourth straight annual profit decline, Hyundai Motor (005380.KS) is trimming its cost fat; scaling back on business class flights and annual family home trips for overseas employees, executives told Reuters. The South Korean automaker has been hit by its exposure to weak emerging markets, and a product line-up that features more sedans than sport utility vehicles, just as SUVs have become more popular […]
Science magazine has named gravitational wave discovery as “Breakthrough of the Year.” The award followed several other accolades given earlier this year to the scientists associated with the Laser Interferometer Gravitational-Wave Observatory (LIGO), a large-scale physics experiment and observatory that exploits the physical properties of light and space to detect and dig into the origins of gravitational waves. What Are Gravitational Waves? Ripples in space-time are created […]
China’s land ministry will automatically renew residential leases set to expire next year, temporarily dispelling homeowners’ concerns about an erosion of their property rights. In an announcement at the weekend, the land ministry said that 20-year residential property leases in the eastern city of Wenzhou would be automatically extended without charge, ending speculation that homeowners would face steep renewal fees equivalent to one-third of their property’s value. Ever […]
After all, Detroit had not won a playoff game since 1991 (and still has not) or a championship since 1957, when Bobby Layne, who lived on the same street as Stafford in Dallas and played for the same high school, was Detroit’s darling quarterback. So just between friends, was he really O.K. with becoming a Lion? “He said, ‘Absolutely,’” Aikman said in a telephone interview last week. […]
TAIPEI A group of Chinese warships lead by the country’s sole aircraft carrier has passed through waters south of Taiwan and is heading southwest, Taiwan’s defence ministry said on Monday of what China has termed a routine exercise. The ministry said the aircraft carrier the Liaoning, accompanied by five other vessels, had passed 90 nautical miles south of Taiwan’s southernmost point on Monday morning via the Bashi […]
The UAE will host the FIFA Club World Cup tournament in 2017 and 2018, it has been confirmed following the 2016 final which saw Real Madrid crowned world champions. The FIFA Club World Cup 2016 final, played in Yokohama International Stadium, saw the Spanish giants beat Japan’s Kashima Antlers, thanks to a Cristiano Ronaldo hat-trick. The UAE was previously host to the tournament in 2009 and 2010. […]
This year saw the release of the biggest leak of documents in history, when the Panama Papers were made public. Eleven million documents were leaked from one of the world’s most secretive companies, Panamanian law firm Mossack Fonseca. They revealed in detail how parts of the offshore industry work. We asked you what stories over the last 12 months you wanted to hear more about and in […]
2016 was chock-full of surprises, both in markets and in politics. As Goldman’s Allison Nathan explains, the year began with a perfect storm of worries that had become all too familiar already in 2015. Oil prices plunged and fears of faltering growth and a sharp depreciation of China’s currency escalated, driving disruptive sell-offs in credit and other risk assets. Confidence in global growth faltered, particularly after an […]
By Jake Spring | NINGDE, China NINGDE, China A dusty village on the outskirts of Ningde, a third-tier city in China’s southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology. Yet China’s top-down industrial policy diktats – move up the value chain, clean up polluted urban skies, and shift to plug-in cars – have Contemporary Amperex Technology Ltd (CATL) […]
In February, Anis Amri, a Tunisian refugee with a criminal past, was officially classified by the German authorities as a potential terrorist. For six months this year he was under near constant police surveillance. None of that helped. Amri went to ground and only resurfaced three days ago as the man investigators believe rammed a truck into a Christmas market in central Berlin, killing 12 people. The […]
But with few spies in the city, American officials say assessing the enemy is difficult. “We’ve spent a lot of time trying to understand the situation on the ground in Raqqa,” Lt. Gen. Jeffrey L. Harrigian, the air war commander, said in an interview from his headquarters in Qatar. “It’s improving. It’s still not at the level we’d like it to be.” Continue reading the main story […]
A Dubai-based developer has announced a partnership with wellness real estate and technology firm Delos to introduce wellness inspired homes to the UAE over the next five years. MAG Property Development said the first project to be carried out by the partnership will be the residences at MAG of Life Creek Resort, the world’s largest wellness concept in Dubai Healthcare City phase 2. The MAG of Life […]
When US authorities started pursuing banks for their role in slicing, dicing and packaging the arcane products that sparked the financial crisis, they initially focused on domestic lenders. Now it is Europe’s banks that are in the crosshairs. Two days before Christmas, Deutsche Bank and Credit Suisse have agreed to settle with the US Department of Justice over the alleged mis-selling of mortgage-backed securities in the run-up […]
ISTANBUL — When a Turkish police officer assassinated Andrey G. Karlov, Russia’s ambassador to Turkey, on Monday, it felt for a moment as if the whole world shook. The killing took place at a time of global uncertainty and reminded some observers of the start of World War I. The truth, however, is that despite shaky relations between Russia and Turkey in recent years, the assassination is […]
BAGHDAD Christians in Baghdad celebrated Christmas on Sunday in a heightened state of fear after deadly attacks on Christian-owned shops that sell alcohol. Two shops next door to each other were riddled with bullet holes and spattered with blood after gunmen opened fire late on Friday in Baghdad’s Ghadeer neighbourhood. Police and medical sources said three people were killed and four wounded. Local activists gave a higher […]
Morning people should avoid working late at night since insufficient sleeping hours paired with virtual increase in the total time spent awake in a day, can unfavorably affect the functioning of the human brain, says study. The Brain Experiment On Continual Sleeplessness And Visual Concentration The study published in journal Experimental Brain Research, was conducted by researchers from National Research University Higher School of Economics and Oxford University, […]
Photo Israeli Prime Minister Benjamin Netanyahu attending the weekly cabinet meeting at his Jerusalem office on Sunday. Credit Pool photo by Dan Balilty JERUSALEM — Prime Minister Benjamin Netanyahu of Israel further escalated his criticism of the departing Obama administration on Sunday, publicly accusing it of having orchestrated the United Nations Security Council resolution that condemned Israel’s settlement construction. It was the second consecutive day of rising […]
The Mohammed bin Rashid Space Centre (MBRSC) and Dubai Municipality have signed an agreement to design and manufacture the first environmental nanometric satellite in the region. The satellite, DM SAT1, is a project of the Dubai Future Accelerators program and is designed to collect and analyze environmental data using space technology. DM SAT1 will provide data for monitoring sandstorms and other environment related activities, including aerosols and […]
DUBAI Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing (BA.N) airliners in an order that the American planemaker had said was worth $16.6 billion. Boeing and its European rival Airbus (AIR.PA) have both signed huge contracts this month to supply airliners to Iran, the first such deals since international sanctions were lifted under a deal to […]
“Once you start doing good things week in and week out,” said Patriots cornerback Malcolm Butler, who had two interceptions and a fumble recovery, “you start to conquer teams.” Graphic Week 16 Playoff Trees: Explore Every N.F.L. Contender’s Path to the Postseason Exploring the playoff chances and potential seedings of every N.F.L. team that hasn’t been eliminated. OPEN Graphic Presumably, the Patriots will face better quarterbacks in […]
By Lucia Mutikani | WASHINGTON WASHINGTON New U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the view that the economy will gain further momentum next year. President-elect Donald Trump’s plan to cut taxes and increase infrastructure spending is expected to boost economic growth, though it already has sparked a surge in mortgage rates that […]
Sources within the supply chain of Apple are claiming that due to lower-than-expected yield rates for the 10-nanometer manufacturing process by Taiwan Semiconductor Manufacturing Company, the launch date of the next-generation iPad tablet might be pushed back. There have been many rumors regarding the next iPad that Apple is planning to release, but with a disruption in the supply chain, interested users might have to wait a […]
