Photo The coffins of victims from Sunday’s bombing of St. Mark’s Coptic Orthodox Cathedral after funeral services in Cairo on Monday. Credit Khaled Desouki/Agence France-Presse — Getty Images CAIRO — Egypt faced the prospect of a surge in sectarian bloodshed on Tuesday after the Islamic State claimed responsibility for the bombing of a Coptic cathedral in Cairo that killed 25 people on Sunday. The group warned of […]
We’ve all been warned that it is coming, but as SHTFPlan.com’s Mac Slavo notes, what is disturbing is that while technology surrounds us and *some* have concerns about privacy, most shrug at the massive amounts of data they are collecting about our lives, and the incredible level of control the system now has over each individual. This bill passed, clinging to the broadest base of “good intentions” […]
Ambitions to turn London into a hub for the $70bn insurance-linked security market, one of its fastest growing sectors, face being scuppered by a slow moving regulatory approach. The government wants to introduce new rules that would make it possible to issue these ILS securities in the UK, but industry insiders say that the proposed timetable for approving them would make the new regime uncompetitive against established […]
Photo Paraag Marathe, the San Francisco 49ers’ chief strategy officer and executive vice president for football operations, at his home in Los Altos, Calif. His sister died of anorexia. Credit Jason Henry for The New York Times SAN FRANCISCO — Paraag Marathe’s structured, analytical mind has served him well in the offices of Silicon Valley and the National Football League. He figured that he could lean on […]
Saudi Arabia’s 2017 state budget is likely to show Riyadh has shrunk a huge deficit caused by cheap oil faster than expected, which may let it spend more to bolster a shaky economy This year was one of the most painful for the Saudi economy in decades. Growth slowed sharply and speculators bet against the Saudi currency as the government fought to curb a deficit that totalled […]
December 14, 2016 by: Robin Harding in Tokyo Optimism at Japanese companies is on the rise for the first time in 18 months after Donald Trump’s election as US president breathed new life into the country’s drive to escape deflation. The Bank of Japan’s closely watched tankan index for large manufacturers rose from +6 to +10 in December, the first increase since the second quarter of 2015, […]
(Image: PBO) The equity put into the company responsible for deploying the National Broadband Network across Australia will result in an annual AU$2.1 billion drag on the federal government’s underlying cash balance by 2026-27, the Parliament Budget Office (PBO) has said. PBO said the cost was entirely due to interest payments on the securities issued by the government as part of its debt issuing practices. For 2015-16, […]
Wednesday 02:20 GMT Overview Stock markets across Asia were mixed as anticipation of the Federal Reserve’s policy decision dulled the effect of another set of record highs for Wall Street. What to watch All eyes were on the end of the Fed’s two-day policy meeting later in the day, with the US central bank expected to raise interest rates 25 basis points. Roughly a year ago the […]
By Patricia Zengerle | WASHINGTON WASHINGTON U.S. Senate Democrats plan to enlist accountants and legal experts to pore through the business records of Exxon Mobil Chief Executive Rex Tillerson, President-elect Donald Trump’s pick for secretary of state, Democratic aides said. Tillerson could face a rocky confirmation process, given concerns among both Democrats and Republicans about his ties to Russia. If Tillerson can overcome the skepticism of Republicans, […]
WASHINGTON — The Obama administration has deepened its rift with its Gulf allies over the ongoing conflict in Yemen, blocking a transfer of precision munitions to Saudi Arabia because of concerns about civilian casualties that administration officials attribute to poor targeting. Administration officials said on Tuesday that the White House had made the decision to block the sale by Raytheon of about 16,000 guided munitions kits, which […]
In a massive (in a literal sense, printing at 25 pages and over 8,000 words as there is little new information revealed in the piece itself) expose issued by the NYT tited “The Perfect Weapon: How Russian Cyberpower Invaded the U.S.” and meant to piggyback on the WaPo’s recent reporting and solidify the left-leaning media’s case that Hillary lost the election, the New York Times try to […]
The Waymo driverless car is displayed during a Google event, Tuesday, Dec. 13, 2016, in San Francisco. The self-driving car project that Google started seven years ago has grown into a company called Waymo. The new identity announced Tuesday marks another step in an effort to revolutionize the way people get around. Instead of driving themselves, people will be chauffeured in robot-controlled vehicles if Waymo, automakers and […]
The Australian Competition and Consumer Commission (ACCC) has advised the Minister for Communications Mitch Fifield that an allocation limit be placed on the upcoming April auction of remaining 700MHz spectrum. In advice released by the Department of Communications on Wednesday, the ACCC recommended the minister limit each mobile carrier to no more than two 20MHz spectrum blocks in the 700MHz band. “Given Telstra currently holds over 50 […]
13 December 2016 Dubai, United Arab Emirates – DAMAC Properties today announced that it has awarded 15 major construction and consultancy contracts valued at AED 1.26 billion during the period between August and November 2016, bringing the total value of contracts awarded so far in 2016 to AED 6.51 billion for projects in Dubai and the UK. The awarded contracts are for the provision of services related […]
Investors are making a record bet on global bank shares following the US election, according to a new survey of institutional money managers that also highlights the risks to the sector if Donald Trump fails to deliver faster economic growth. The allocation that investors made to bank stocks this month climbed to a weighting of 31 per cent above their benchmarks, up from 25 per cent in […]
ERBIL, Iraq — The Pentagon announced on Tuesday that a United States airstrike had killed three Islamic State operatives who were involved in mounting terrorist attacks in Europe, including the deadly assault in Paris in November 2015. The three men were killed on Dec. 4 in an airstrike in Raqqa, Syria, the Islamic State’s declared capital, said Peter Cook, the Pentagon press secretary. He described the men […]
IBM Chief Executive Ginni Rometty pledged to hire and train workers in the United States ahead of a Wednesday gathering where she and other technology executives will meet with U.S. President-elect Donald Trump. “We have thousands of open positions at any given moment, and we intend to hire about 25,000 professionals in the next four years in the United States,” Rometty said in a USA Today editorial […]
The Abu Dhabi government has signed an agreement with a US-based research firm to study the feasibility of a Hyperloop transport system between Abu Dhabi and Al Ain. The Department of Municipal Affairs and Transport (DMAT) announced in a statement on Monday that it had inked a deal with Hyperloop Transportation Technologies (Hyperloop TT) – one of several companies working to bring the technology first conceived by […]
Bill Gates, Jeff Bezos and a number of other prominent figures among the world’s richest people are pledging a $1 billion investment fund for clean energy efforts. The new investment fund aims to help advance clean energy production, which in turn would help fight climate change and the negative impact it has on the environment. Breakthrough Energy Innovations The effort is a multiyear fund called Breakthrough Energy Ventures, which […]
Low interest rates pose one of the biggest threats to the US economy and expose investors to the potential for heavy loses from a price shock across a range of markets, according to an independent arm of the US Treasury. The concerns are raised in the Office of Financial Research’s annual financial stability report to Congress, which concludes that threats to stability remain “in a medium range”. […]
Qualcomm said it will work with Google to combine Android Things, an Internet of things operating system, and its Snapdragon processor. The move could give Google a much larger ingredient brand play in the smart home, Internet of things and smart city deployments. If the collaboration is successful, Android will be embedded with the processors in the IoT food chain. Keep in mind that Qualcomm recently acquired […]
Miral partners with SeaWorld to create a next-generation marine life theme park and the UAE’s first Marine Life Research, Rescue, Rehabilitation and Return Center by 2022 13 December 2016 UAE – Miral and SeaWorld Entertainment, Inc. (NYSE:SEAS) (“SeaWorld”) today announced their partnership to develop SeaWorld Abu Dhabi, a first-of-its-kind marine life themed park on Yas Island. This next generation SeaWorld Abu Dhabi will also include the United […]
“If you look at the Lionel Messi of these times or the Diego Maradona of that time, I think the Messi of this time is 20 times better than the Maradona of that time,” van Gerwen said. (He was asked, for the sake of clarity, if he was Messi in this comparison of Argentine soccer players. “Yes,” he said. “Yes.”) Continue reading the main story Like Messi, […]
Russia’s rouble has cemented its position as the best-performing currency of the past three months, enjoying the benefits of a strong oil price at a time when the US appears to be tilting towards a more accommodating relationship with Vladimir Putin. A 2.3 per cent rise in the rouble’s value against the dollar on Monday was followed by a further half per cent gain during Tuesday trading. […]
