Time Inc cut its dividend and announced a board shake-up as the magazine publisher reported a steeper than expected first-quarter net loss and decline in revenue. The owner of Time, People and Sports Illustrated is in the midst of a strategic reorganisation aimed at shifting its business from print to digital, following its decision last month not to sell itself. Its net loss widened to $28m, or […]
Flock’s Bhavin Turakhia: “Good software should follow the principle of, ‘don’t make the user think’.” Image: Flock Helping teams communicate and share information better has been a challenge that many different enterprise messaging apps have tried to solve, from Slack and Microsoft’s Yammer, to Cisco’s Spark and Facebook’s Workplace. Another new entrant to this space is Flock, which boasts customers Whirlpool, Tim Hortons, and Victorinox. ZDNet recently […]
Saudis often liken Aramco, the kingdom’s state oil company, to a fat cow or productive hen. The company has for decades been the bedrock of the economy and the enabler of the government largesse to which Saudis have grown accustomed. Now its future has become a source of concern as disquiet grows over plans by Mohammed bin Salman, the deputy crown prince, to sell a 5 per […]
Enhancing Kuwait’s arbitration legal framework in order to render Kuwait a more attractive arbitration venue in the region Kuwait – 10 May 2017 ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading corporate, litigation and finance law firm, co-organized a leading seminar on arbitration with the International Court of Arbitration of the International Chamber of Commerce – Paris (ICC). The ICC is one of the oldest and […]
The Local Government Association of Queensland (LGAQ) has announced a live trial of drone technology to be used for disaster management, utilising Telstra’s 4G network and a combination of three drone operators and four software platforms for the tests. The combination of drone operators and software platforms will allow the drones to fly beyond visual line of sight (BVLOS); however, current legislation still requires drones to be […]
Two Sigma Securities said on Tuesday that it plans to buy Interactive Brokers’s options market-making unit. After completion of the deal, Two Sigma Securities’s market-making offering will “span over 7,000 U.S. equity securities and options on 1,300 underlying securities, executing over 300 million shares and one million options contracts per day,” the company said. “Through this transaction, TSS will integrate Timber Hill’s highly complementary platform to form […]
The Nintendo Switch version of Minecraft is set to be released on May 11, expanding the number of platforms where the popular block building game is playable. Minecraft‘s launch to the Nintendo Switch is largely expected to draw the same success as Mario Kart 8 Deluxe. Both games were released for the Nintendo Wii U, which was considered a failure especially compared to its predecessor, the Nintendo Wii. […]
Ticketek sells over 23 million tickets to more than 20,000 events each year, including concerts, sports, theatre, musicals, festivals, and exhibitions at iconic Australian venues such as ANZ Stadium, Qudos Bank Arena, and the Sydney Cricket Ground. A part of TEG Pty Limited, Ticketek considers itself a “truly digital” company, with ticketek.com.au allowing customers to browse, buy, and deliver tickets on their phone, through both the mobile […]
DUBAI, May 9 Expo 2020 Dubai has chosen leading global logistics firm UPS to handle the logistics operations for Expo 2020 Dubai, which is expected to attract millions of visitors over its six-month duration. With more than 180 countries expected to participate and hundreds of thousands of visitors on peak days, the next World Expo will be one the most complex logistics projects UPS has tackled. As […]
Facebook is under fire again over the way it handles fake news, as an Austrian court just ruled the company must remove all posts considered to be hate speech. The ruling doesn’t refer to just local posts either — the Austrian court ordered Facebook to remove hateful content globally, which makes the ruling significant even beyond the country’s borders. Austria Takes Steps Against Facebook Hate Speech Austria’s Green party, […]
There are two types of brunch in this city. The first, a casual get-together that involves a near-unlimited food and drinks from a high-end restaurant. Much merriment will be had by guests who attend, and it provides the venue with an excellent platform to serve a generous selection of dishes that showcases the best it has to offer. The second type, however, is not so much a […]
Bioengineers who specialize in creating tools for synthetic biology have unveiled the latest version of their ‘biofunction generator and bioscilloscope,’ an optogenetic platform that uses light to activate and study two biological circuits at a time. (via WSJ)
ABU DHABI // Bollywood spectaculars, live stage shows featuring popular children’s cartoon characters and crowd-pleasing stand-up comedians are all part of the line-up for Abu Dhabi Summer Season 2017. Abu Dhabi Tourism and Culture Authority has teamed up with UAE event organisers to bring international ticketed and free events and activities to multiple venues across the emirate from July 20 to August 20, said Mubarak Hamad Al […]
On Monday, we brought you the story of TokenCard, the Ethereum-based venture set to revolutionise the world of payments by bringing crypto folk the, errr, power of the Visa network. Yes, you’re wondering, what’s so special about that? Doesn’t every above-board payment facilitator offer Visa access? You’re right. They do. And a card processed by Visa is hardly a breakthrough innovation worth shouting about here in the […]
Held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan Deputy Prime Minister, Minister of Presidential Affairs of the UAE 09 May 2017 Abu Dhabi, United Arab Emirates – Held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan Deputy Prime Minister, Minister of Presidential Affairs of the UAE, the 1st edition of ATech World Conference & Exhibition and World Game […]
Today’s State of Work: At the Breaking Point ServiceNow is rolling out a machine learning engine that’s designed to predict outages, automate routing and workflow, predict outcomes, and benchmark performance. The engine, called the Intelligent Automation Engine, was built with technology from ServiceNow’s DxContinuum acquisition in January. ServiceNow said that it will use the Intelligent Automation Engine across the platform and in cloud services for customer service, […]
PARIS Police gradually began reopening Paris’ Gare du Nord train station early on Tuesday morning after earlier evacuating the platforms and cordoning off the area because of a security alert, local police authorities said. A Reuters witness at the scene said there were between 20 to 30 police vans outside the station in central Paris with security forces wearing balaclavas and carrying assault weapons. “End of security […]
Start-up trading platform trueEX has filed a complaint against industry giant Markit, claiming the company, which provides post-trade services to derivatives users, engaged in anticompetitive conduct by terminating its relationship with the trading venue. TrueEX is one of the few new trading platforms to have gained traction with investors trading interest-rate swaps, challenging established players Bloomberg and Tradeweb. Markit is the dominant provider of post-trade services, operating […]
Comcast is making it a whole lot easier to manage a home Wi-Fi network, introducing the new xFi platform gunning for top Wi-Fi routers. In recent times, various companies such Eero, Google and others have made efforts to facilitate the setup and maintenance of a home network. Comcast now joins the party as well, announcing its new xFi cloud-based gateway for easy home network management. Smart Wi-Fi For […]
Nvidia is rolling out a new platform that aims to provide deep learning analytics to video streams produced from smart city applications. Dubbed Metropolis, the platform takes data captured by cameras deployed in government properties, public transit systems, commercial buildings and roadways, and then runs it through AI to help cities monitor video instantaneously. The idea is that cities are inundated with video data and need a […]
When it comes to international news, The New York Times doesn’t want to be BuzzFeed, HuffPost or The Guardian. It wants to be, well, The New York Times. Whereas other publishers are looking to lure massive new audiences with editions published in various languages, The New York Times is being deliberately conservative with its foreign-language offerings. It has Spanish- and Chinese- language homepages but isn’t planning to […]
Virtustream announced Monday that it’s launching Healthcare Cloud, a service built on the Virtustream Enterprise Cloud that’s designed to meet the security, regulatory, and IT needs of healthcare providers. It provides an environment compliant with federal HIPAA and HITECH regulations with availability service level agreements of up to 99.999 percent. It can be deployed in a public, private, or hybrid cloud environment, with a set of on […]
Just two work days after we reported that Home Capital had already used up half of its C$2 billion emergency “lifeline” credit facility (yielding 22.5%) and was seeking additional emergency funding, on Monday Canada’s most troubled alt-mortgage lender provided a liquidity update in which it said that it had drawn an addition C$400 million on its loan, leaving just C$600 million available. At the same time, the […]
Globally, billions of dollars are lost to fraud every year, and with the growth of ecommerce business models over the past five years, payments startup Stripe is putting its transaction-based insights to good use in an effort to block fraudulent activity from its platform. Speaking with ZDNet, Stripe’s head of machine learning Michael Manapat said that internet businesses are in a uniquely liable situation of having to […]
