|By Matein Khalid|Brexit will have a profound impact on international banking. It was no coincidence that the shares of UK, German, Swiss, Italian, Spanish and other banks fell 20-25% in a single trading session on news of Brexit. Even American money center banks and investment banks with a large footprint in the City of London fell 8 – 10% on Friday, June 24, 2016. As Deutsche Bank […]
INTERNATIONAL. Stock markets received a welcome boost during trading on Thursday following the Bank of England’s decision not to change interest rates which eased the ongoing Brexit fears, consequently lifting risk sentiment. Asian markets were elevated in the early sessions of Thursday after China’s better than expected GDP results alleviated concerns over slowing economic growth in the world’s second largest economy. Although European markets initially tumbled after […]
A virtual map of Bryant Park is displayed on the screen as a man plays the augmented reality mobile game ”Pokemon Go” by Nintendo in New York City, U.S. July 11, 2016. Reuters/Mark Kauzlarich/File Photo MEXICO CITY A Mexican taxi driver has jumped on the Pokemon GO craze sweeping the world by driving smartphone-armed customers around in search of the augmented reality game’s target creatures. The mobile […]
Efforts to upgrade U.S. communications infrastructure to 5G technology got a big boost from the federal government today. The Obama Administration just announced the launch of a $400 million Advanced Wireless Research Initiative, led by the National Science Foundation (NSF), designed to accelerate the deployment of next-generation wireless technology. The program will invest in efforts by researchers experimenting with and testing novel technologies, applications and services capable […]
Scientists at Queen Mary University of London (QMUL) have made an object disappear by using a composite material with nano-size particles that can enhance specific properties on the object’s surface. Researchers from QMUL’s School of Electronic Engineering and Computer Science, worked with UK industry to demonstrate for the first time a practical cloaking device that allows curved surfaces to appear flat to electromagnetic waves. While the research […]
The United Nations headquarters building is pictured though a window with the UN logo in the foreground in the Manhattan borough of New York August 15, 2014. Reuters/Carlo Allegri/Files ROME (Thomson Reuters Foundation) – From a smartphone app delivering market prices to Guatemalan farmers to online nutrition tips in rural Colombia, the push to end hunger has entered a new era with the U.N. food agency deploying […]
The logo of free messaging app Line is pictured on a smartphone and the company’s stuffed toy in this photo illustration taken in Tokyo, Japan, September 23, 2014. Reuters/Toru Hanai/Illustration/File Photo TOKYO Japanese messaging app firm Line Corp priced its initial public offering at the top of its marketed range, putting it on track to raise as much as $1.3 billion and reflecting robust appetite for the […]
The logo of Facebook is seen at the Cannes Lions Festival in Cannes, France, June 23, 2016. Reuters/Eric Gaillard Facebook Inc on Friday said it began testing end-to-end encryption on its popular Messenger application to prevent snooping on digital conversations. The limited testing on Messenger, which has more than 900 million users, comes three months after Facebook rolled out end-to-end encryption to its more popular WhatsApp, a […]
Tech giant Google made a bid to expand its cloud services offerings to big media companies yesterday with the announcement that it has acquired Anvato. The company provides a software platform that automates the encoding, editing, publishing, and distribution of video content across multiple platforms. The Mountain View, Calif. startup has already won over some major media companies on its own, including NBC Universal, Fox Sports, and […]
The logo of Facebook is seen at the Cannes Lions Festival in Cannes, France, June 23, 2016. Reuters/Eric Gaillard The U.S. Internal Revenue Service is examining Facebook Inc over its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers. The U.S. Justice Department filed a lawsuit on Wednesday in federal court in San Francisco seeking to enforce […]
Pivotal, the developer of the Cloud Foundry open source cloud development platform, is teaming up with Canonical, the company behind the popular Ubuntu Linux distribution. Announced today, the partnership means that Ubuntu is now the preferred operating system for Cloud Foundry. Cloud Foundry was originally developed by VMware and is now owned by Pivotal Software, a joint venture by EMC, VMware and General Electric. Canonical and Pivotal […]
Despite some setbacks with an earlier program aimed at getting more people online, Facebook is pushing ahead with a new effort to provide wireless Internet access to remote parts of the world: the OpenCellular wireless access platform. Designed to support a variety of connection options from 2G to LTE, the OpenCellular system will be open sourced so telecom operators and other organizations can more easily build locally […]
|By Matein Khalid| David Cameron, Wall Street’s elite, Mutti Merkel, Obama, the Eurocrats of Brussels, the great and the good of the City and the IMF’s Lady Christine all got it so horribly wrong. I slept Thursday night with sterling at 1.50 on New York and awoke to see it trade at 1.34 on Friday, a 30 year low before the Plaza Accords. Britain has voted to […]
Chipmaker Qualcomm is expanding its support for Google’s new mobile virtual reality technology, Project Tango, with today’s announcement that the technology will be supported on its popular Snapdragon 820 processor, along with future processors in the Snapdragon 600 and 800 tier. “Tango is an excellent example of the innovative thinking that delivers valuable next-generation mobile experiences today,” Brent Sammons, senior marketing manager at Qualcomm, wrote on the […]
A mobile phone shows a Facebook page promoting Hillary Clinton for president in 2016, in this photo illustration taken April 13, 2015. Reuters/Mike Segar As the U.S. presidential campaign heats up, Facebook Inc is going out of its way to show its neutrality – an increasingly urgent matter for the social network as evidence of its power continues to emerge. Recent studies have shown the site has […]
People are silhouetted as they pose with laptops in front of a screen projected with a Google logo, in this picture illustration taken in Zenica October 29, 2014. Reuters/Dado Ruvic/Files BERLIN German publishers have appealed a Berlin court’s rejection of a case in which they accused Google of abusing its market power by refusing to pay them for displaying newspaper articles online, a lawyer for the publishers […]
Backed by the wide-scale social influence of Facebook, WhatsApp appears poised to have an even greater impact on the global communications market, including voice calling as well as text messaging services. Yesterday, the Facebook-owned mobile messaging service announced it is now supporting more than 100 million voice calls every day, a service it began offering just 18 months ago. WhatsApp also rolled out a desktop version of […]
Protesters from the Anonymous India group of hackers wear Guy Fawkes masks as they protest against laws they say gives the government control over censorship of internet usage in Mumbai, June 9, 2012. Reuters/Vivek Prakash SAN FRANCISCO/ TORONTO At least a dozen countries are considering or have enacted laws restricting online speech, a trend that is alarming policymakers and others who see the internet as a valuable […]
During its annual SugarCon conference last week, customer relationship management (CRM) firm SugarCRM unveiled a new machine learning-based offering that’s currently in development: Sugar Intelligence Service. The service, which will be delivered through a Siri- or Cortana-like artificial intelligence (AI) agent called “Candace,” will combine companies’ in-house data with other outside sources to provide predictive analytics and a more 360-degree view of customers. No release date or […]
A new enterprise offering introduced by Oracle today is designed to enable independent software vendors (ISVs) to transition their businesses to the cloud, the company said. The new platform, called the Oracle Cloud Platform Ready for Independent Software Vendors, will allow ISVs to quickly register and publish their Oracle Cloud-compatible applications on the Oracle Cloud Marketplace, allowing them to fast-track new business opportunities in the cloud. Oracle’s […]
By the end of this week, Facebook expects to complete a “major” update to Messenger for Android that will enable people to use the app to send and receive standard SMS text messages. Vice president of messaging products David Marcus announced the update yesterday in a post on his Facebook page. Rolling out to “most countries,” the latest version of Messenger for Android will be a fully […]
Light and matter are typically viewed as distinct entities that follow their own, unique rules. Matter has mass and typically exhibits interactions with other matter, while light is massless and does not interact with itself. Yet, wave-particle duality tells us that matter and light both act sometimes like particles, and sometimes like waves. Harnessing the shared wave nature of light and matter, researchers at the University of […]
Trilobites By NICHOLAS BAKALAR Archaeologists have been combing the ancient city of Petra in southern Jordan for at least two centuries. Now, with drones and satellite imagery, they have discovered new features, including a monumental platform of nearly 30,000 square feet, or roughly half a football field. Interactive Feature | More Reporting on Archaeology Pottery shards nearby date from the second century B.C. through the sixth century […]
FILE PHOTO — A woman looks at her phone as she passes by a Lending Club banner on the facade of the the New York Stock Exchange December 11, 2014. Reuters/Brendan McDermid/File Photo SAN FRANCISCO/NEW YORK (Reuters/IFR) – Many online lenders have failed to detect the “stacking” of multiple loans by borrowers who slip through their automated underwriting systems, lending company executives and investors told Reuters. […]
