Goldman Sachs Group Inc. is no believer in gold’s rally, predicting losses over the coming year as the Federal Reserve increases U.S. interest rates no fewer than three times. Futures dropped. “Our economics team forecasts that the Fed will raise rates by 25 basis points three times this calendar year, to 1.3 percent,” analysts including Jeffrey Currie and Max Layton wrote in a report received on Tuesday, […]
Three days after a report indicated that Twitter might soon introduce an algorithm-driven timeline, fans of the microblogging site are continuing to tweet their complaints using the hashtag #RIPTwitter. The outpouring of commentary in the wake of Friday’s report in BuzzFeed prompted CEO Jack Dorsey (pictured above) to respond with two tweets of his own on Saturday. In one, he noted that Twitter “never planned to reorder […]
Almost 10,000 Department of Homeland Security employees awoke this morning to find that their personal information had been stolen from the agency’s servers and leaked on the Internet. For his next trick, the same hacker said he’ll release the personal details of 20,000 FBI staff members. The information in the data dump includes names, job titles, e-mail addresses, and phone numbers. The attacker targeted not only DHS […]
Gold and its miners’ stocks are rocketing higher as speculators and investors alike return to this left-for-dead sector. This sudden deluge of capital inflows has crowned gold stocks the best-performing sector of this young new year by far, shocking traders. And this stunning reversal of fortunes in both the metal and the companies producing it is only starting, so it’s exceedingly important to understand what’s going on. […]
Citing a desire to gain a foothold in the growing market for the Internet of Things, the leadership of Mozilla said it is ceasing development efforts on its Firefox smartphone operating system. Mozilla is ending development on Firefox OS for smartphones after version 2.6 is released in May. The development team that had been working on the OS will now work on initiatives related to connected devices […]
LinkedIn is the world’s largest professional network and most of us have an account. Let’s face it, no one actually reads 95% of the stuff that appears on the feed but there is so much of sharing done that LinkedIn is slowly inching closer and closer to the top of the list of largest content aggregators. There are 3 main types of users of the platform and […]
UAE. Cyber breaches and insider threats are the fastest-growing risks and are driving investment in Forensic Data Analytics (FDA) according to MENA executives. This is according to EY’s 2016 Global Forensic Data Analytics Survey, Shifting into high gear: mitigating risks and demonstrating returns. The threats and breaches include malicious insiders stealing, manipulating or destroying data. Sixty-nine percent say that they need to do more to improve their […]
Sales of robots worldwide hit a record high in 2014 with numbers topping 229,000, a report said, highlighting that smart machines could be performing 45 per cent of manufacturing tasks in a decade. Last year also marked the third consecutive year of increase with 29 per cent year-on-year (YoY) growth, added the new research report titled “Thematic Investing: Robot Revolution: Global Robot & Al Primer” from Bank […]
Amit Singhal, senior vice president of search at Google, speaks at the garage where the company was founded on Google’s 15th anniversary in Menlo Park, California September 26, 2013. Reuters/Stephen Lam As one of Google’s earliest search pioneers steps down and the company’s leader in artificial intelligence takes his place, analysts say the move signals the company’s desire to make its search engine more sophisticated. Google parent […]
Video Bashar al-Jaafari, the Syrian government’s chief negotiator, blamed the opposition for the postponement of the talks, calling them a failure. By NICK CUMMING-BRUCE and SOMINI SENGUPTA February 3, 2016 GENEVA — The United Nations on Wednesday temporarily suspended the fledgling talks aimed at ending the war in Syria and called on the countries fueling the conflict to do more to yield results, as Syrian government forces sharply escalated an offensive […]
Israeli investigators on Wednesday near the body of a Palestinian who was killed after he and two others attacked border police officers in East Jerusalem. By ISABEL KERSHNER February 3, 2016 JERUSALEM — Three Palestinian men armed with automatic rifles, knives and pipe bombs attacked Israeli border police officers in East Jerusalem on Wednesday, killing one officer and wounding another. The three assailants were fatally shot by officers at […]
CRM giant Salesforce is adding some lightning to its customer success platform. The latest iteration of Salesforce Lightning aims to raise the bar on customer relationship management by with a platform that taps cloud, mobile, social, IoT (Internet of Things) technologies and data science. Salesforce launched Lightning in 2015 as a multi-tenant, next-generation metadata platform that enterprise workers can use on any device. It quickly gained traction, […]
|By Arabian Post Staff|Bank Sarasin-Alpen (ME) Limited, the former Middle East affiliate of co-defendant Swiss Private Bank J. Safra Sarasin, has failed to deposit $35 million in damages by the deadline of February 1, 2016 as per the order of the DIFC Court, the aggrieved party announced. The case relates to one of the biggest financial mis-selling cases in the GCC region. The defendant bank apparently failed […]
MODI SARKAR PICKS NAMES TO TRUMP RIVALS
By Arun Srivastava
The politics of vengeance has been the key factor in the Modi government denying the smart cities to the eastern Indian states. Except Bhubaneswar, Odisha’s capital, no city from Bihar, Uttar Pradesh, Jharkhand or Bengal has made it to the smart list. Last year, when the names of the cities for including in the list of the smart cities were being finalized Bihar government was given the impression that at least three of its cities – Bhagalpur, Biharsharif and Muzaffarpur – are among the 97 shortlisted and would be upgraded. But none made it to the first list of 20 released by the Union minister Venkaiah Naidu.
Reacting to it Bihar Chief Minister Nitish Kumar compared the Centre to the fabled “andher nagri (City of lawlessness)” for ignoring Bihar while picking the first list of 20 smart
SMOULDERING CONGRESS EMBERS MAY LEAP TO FLAME ANY TIME
By P. Sreekumaran
THIRUVANANTHAPURAM: Kerala Chief Minister Oommen Chandy has survived a scare. Thus reads the headline in a prominent English daily. But has he really weathered the political storm?
Significant straws in the wind proclaim, loud and clear, that he has not. True, he has managed to secure short-term legal relief. But the price, both in political and electoral terms, the Congress and the party-led United Democratic Front (UDF) Government may be called upon to pay will be prohibitively high. That is for sure.
As for the UDF politics, it is stinking to the high heavens. It cannot get any worse than this. The only question is: how long can a thoroughly discredited Government brazen it out?
The legal relief for Chandy and Power Minister Aryadan Mohammed has
Modeled after the ubiquitous metal shipping container, Dutch designer Sander Mulder offers his Pandora modular, stacking cabinets in a variety of sizes and colors for stylish, custom storage solutions in your home or business. Add wheels, interior shelving & stack ’em up. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the […]
INDIA IN SWEET SPOT TO BALANCE THE ACT
By K R Sudhaman
India is in a sweet spot as global economy is not looking good in the face of market turmoil in China. A global recession triggered by poor showing of European economy had hit badly the export led growth model of China, whose economy grew by 6.9 per cent in 2015, the slowest in two decades. Following this slowdown, high commodity prices had started correcting exerting more pressure on China down turn. The massive over investment in China in steel, cement, shipbuilding, petrochemicals, real estate and other infrastructure sectors began to burst. This volatility in equity and commodity markets did not augur well for the global and Chinese economies. Global economy may not be in a crisis as in 2008 during the financial meltdown but it is certainly not out of the woods and outlook for global economy is certainly bearish in 2016.
WHY TAX/GREEN BREAK FOR INDIA’S RICH?
By Garga Chatterjee
On 16th January, with much fanfare, the Union government announced its “Start-up India” scheme. On attendance were big people, big enough not to deserve any income tax break in their next seven lives. But this is precisely what the Government of India (GoI) has offered – an income tax exemption for first three years of a “start-up”. There will also be tax exemption on capital gains. After all its fake environment-love recently in Paris, this GoI scheme has also offered a three-year exemption on environment law compliance! Entities will only need to self-certify! In the name of “start-up”, exactly what anti-environment, anti-labour racket are we starting up here? This will also be true for labour law and working condition compliance (including payment of wages and benefits to staff). Shamelessly, this whole sch
A 3D plastic cut-out of the Facebook logo is seen in this illustration in Zenica, Bosnia and Herzegovina, May 13, 2015. Reuters/Dado Ruvic Facebook Inc (FB.O) smashed investors’ expectations with a 52-percent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours. The world’s biggest online social network bucked the trend of underwhelming […]
An Apple logo is seen at the Apple store in Munich, Germany, January 27, 2016. Reuters/Michaela Rehle Apple Inc (AAPL.O) shares fell more than 6.5 percent on Wednesday, the biggest percentage drop in two years, after the company reported its slowest-ever rise in iPhone shipments and forecast that quarterly sales for the current period would post the first drop in 13 years. At least 16 analysts cut […]
|By Matein Khalid| The collapse in Brent crude oil below $30, a 20% fall in the Tadawul share index in January 2016’s global equity bloodbath, the cut in fuel subsidies and geopolitical risk escalation in the Middle East has spawned speculation in financial markets that Saudi Arabia will devalue the kingdom’s riyal, now pegged at 3.75 against the US dollar. Senior princes of the royal family and […]
Has the mighty iPhone reached its selling peak? If good sales, as opposed to outrageously great sales, are any indication, that could be. Apple said on Tuesday that it sold 74.8 million iPhones during its fiscal first quarter, which ended December 26. That marks the slowest quarter of growth since the company began selling the smartphones in 2007. In the same period in 2014, Apple sold 74.5 […]
SAN FRANCISCO/MUMBAI As China sales show signs of cooling, Apple Inc(AAPL.O) is touting India’s appetite for iPhones, betting that rising wages and an expanding middle class will pull consumers away from the cheap alternatives that currently dominate the market. In an earnings call in which the company reported meagre iPhone growth and forecast its first revenue drop in 13 years, the Indian market stood out as a […]
