Three weeks after India invalidated its largest bank notes overnight, cash shortages are choking the world’s fastest-growing large economy. While it is too soon for much of the pain to be read from broad economic indicators—in India, even monthly ones, such as industrial output, are released with considerable lag—early signs are coming in. Some of them imply the disruption might not be as deep, or as long-lasting, […]
Photo Poulet à la Normande Credit Gentl and Hyers for The New York Times. Food stylist: Maggie Ruggiero. Prop stylist: Jerrie-Joy. “Ah, they are not rising!” Marianne Tober cried, in a near panic over her gougères. They weren’t just cheese puffs; they were her Burgundian birthright, well-salted dairy fat given airy form, and her mother’s recipe had never failed her before. But it was true: The gougères […]
By Roslan Khasawneh | SINGAPORE SINGAPORE Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week’s OPEC-Russia accord on cutting output giving way to questions on the “sticking point” of implementing the deal. International Brent crude oil futures LCOc1 were trading at $53.36 per barrel at 0446 GMT, down 58 cents, or […]
By Jack Kim | SEOUL SEOUL South Korean opposition parties said on Friday they will hold a parliamentary impeachment vote on scandal-tainted President Park Geun-hye next week, while her own party remains undecided on whether to force her out of office. Park has offered to resign and asked parliament on Tuesday to decide how and when she should step down over the influence peddling scandal but the […]
Communication is broken, according to Twilio’s VP of Product Management Patrick Malatack, who thinks the root of the problem is that businesses are overlooking the fact that their customers are human. Speaking at StartCon in Sydney, Malatack said there’s a belief among businesses that personalised communication experiences are not scalable, that you can’t humanise communications and serve a wide customer base at the same time. “That’s no […]
Photo Senator Mitch McConnell, the majority leader, after a Republican caucus at the Capitol on Tuesday. Credit Stephen Crowley/The New York Times WASHINGTON — The Senate voted on Thursday to extend American sanctions against Iran for a decade, sending to President Obama a measure that supporters said would help ensure that the United States could fully respond if Iran were to violate its obligations under the nuclear […]
Communications Minister Mitch Fifield has broken out the number of FttN premises ready for service, providing a temporary level of increased transparency into the NBN rollout numbers that usually lump fibre to the node (FttN), fibre to the basement (FttB), and fibre to the premise (FttP) technologies into a single total. With the number of ready for service FttN premises overtaking the number of brownfields FttP premises […]
Hello Bill, I’ve followed GATA and LeMetropoleCafe since 1999. Following the work of you, Chris and GATA contributors has been most interesting. I follow a lot of media, including many sites not under the control of the Russian government, such as the Wall Street Journal. For an American who is not an insider GATA is the single best source news and analysis of the economy and financial […]
By Alicia Powell | NEW YORK NEW YORK From a whimsical enchanted winter forest-scape to candy-laden backdrops for festive fashion, New York department stores have spent a year conjuring up eye-catching holiday window displays. “Right when they start coming down, we start thinking about what’s going to be the vision for next year?” said Roe Palermo, divisional vice president, store visual of New York department store Lord […]
Why is a book out of print for over 13 years – and one that recalls events that took place more than half a century ago – one of the most significant publishing events of the year? Anyone who has tried to obtain a copy of Susan Hillyard’s Before the Oil will know the answer. Her definitive and moving account of life in Abu Dhabi in the […]
The Apple AirPods release has been pushed back, but the wireless headphones may finally start shipping “over the next few weeks.” The AirPods have been somewhat of a sour topic for Apple fans, as the headphones have been facing delays for a good while now. Initially supposed to launch in October, Apples’ AirPods are still MIA even today. Back in October, Apple said it needed more time to perfect […]
Tomaso Poggio, a professor of brain and cognitive sciences at MIT and director of the Center for Brains, Minds, and Machines, has long thought that the brain must produce “invariant” representations of faces and other objects, meaning representations that are indifferent to objects’ orientation in space, their distance from the viewer, or their location in the visual field. Credit: Massachusetts Institute of Technology MIT researchers and their […]
Photo Tiger Woods watched his tee shot on the third hole on Thursday at the Hero World Challenge in the Bahamas. Credit Lynne Sladky/Associated Press NASSAU, the Bahamas — As he made his way to the first tee for his first competitive shot in 466 days, Tiger Woods breezed right by the Golf Channel reporter Notah Begay, his former Stanford teammate and good friend. His focus before […]
December 1, 2016 by: Anne-Sylvaine Chassany in Paris François Hollande announced on Thursday night that he would not run for a second term in next year’s French presidential elections. The unprecedented decision was driven by his historically low popularity ratings, which left him little chance of success against centre-right candidate François Fillon and far-right National Front leader Marine Le Pen. He would also first have had to […]
Apple’s new MacBook Pro lineup adds something unique: a Touch Bar atop the keyboard that I believe is an important evolution of the laptop user experience. The first time I saw and played with the Touch Bar, the macros of yore popped into my mind. MacBook power users all know the value of creating macros to speed up a particular business process we may use […]
By Alastair Macdonald and Gabriela Baczynska | BRUSSELS BRUSSELS The Dutch government has lent its weight to calls for the EU to freeze Turkey’s membership talks, diplomats said on Thursday, raising the prospect of European leaders making such a move at a summit in two weeks. A Dutch suggestion that the Union consider suspending the accession process for six months in protest at President Tayyip Erdogan’s crackdown […]
When it comes to very large numbers, it can be hard to get the right perspective. If you had to count it, a €40bn pile of cash would be somewhat daunting. Place it next to to the Italian national debt, however, and the pile becomes a pimple. The number matters because it was the amount the government proposed using to assist troubled financial institutions earlier this year. […]
Saudi Arabia’s aviation agency was attacked last month by an aggressive computer virus intended to disrupt high-profile government targets, officials and experts said on Thursday. The attack, which experts say emanated from outside the country, used a version of Shamoon, malware used to target the Saudi energy sector four years ago. Similar kinds of data-clearing software were used in 2014 against the Las Vegas Sands and Sony. […]
Image: Getty Images/iStockphoto Neural networks, machine-learning systems, predictive analytics, speech recognition, natural-language understanding and other components of what’s broadly defined as ‘artificial intelligence’ (AI) are currently undergoing a boom: research is progressing apace, media attention is at an all-time high, and organisations are increasingly implementing AI solutions in pursuit of automation-driven efficiencies. The first thing to establish is what we’re not talking about, which is human-level AI […]
ANKARA: Israel’s new ambassador to Turkey arrived in the capital Ankara on Thursday, an Israeli embassy official said, to serve as the first official envoy since a six-year spat put diplomatic relations on ice.Eitan Naeh arrived in the morning, the official, who did not wish to be named, told AFP. Naeh is due to present his letter of credence to Turkish President Recep Tayyip Erdogan in the […]
Now the hard work begins. The supply agreement agreed by Opec on Wednesday sent oil prices soaring above $50 a barrel but there are many reasons for caution, not least in making sure no one cheats and producers from outside the cartel also contribute. While the deal looks straightforward, it is anything but and the devil is in the detail. The conference documents released on Wednesday evening […]
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The month that stunned investors with Donald Trump’s US election victory was a record-breaker in markets. The prospect of big tax cuts and fiscal spending from the incoming administration has stirred the market’s animal spirits, driving Wall Street into record territory, while bond prices have been hit hard by expectations of higher inflation. Here is how November played out in numbers: 13 — The dollar index — […]
That correspondent had never stepped foot in the camp. I hadn’t expected to either, until I was invited on an extensive tour of the occupied West Bank, including East Jerusalem, and was asked to choose a subject to write about, for a book to be published next year. With no previous experience in the region, and little knowledge, I gravitated instinctually to Shuafat camp. From my own […]
