MONACO A Slovakia-based company unveiled the commercial design for a flying car priced at more than $1 million on Thursday, saying it was ready for pre-orders with first deliveries expected by 2020. AeroMobil said its teardrop-like shaped AeroMobil Flying Car, displayed at the Top Marques Monaco, could switch to flight mode in less than three minutes. The wings fold away for driving on roads and swing out […]
Following years of acrimony between OPEC and the hedge fund community, which the cartel dismissed simply as “speculators”, things suddenly changed in 2016 when the two groups got so close, there were outright reports of collusion between the two on various occasions. We documented this last month in “Why OPEC Is Colluding With Hedge Funds.” However, as Reuters’ energy analyst John Kemp pointed out on twitter this […]
AeroMobil display their latest prototype of a flying car, in Monaco, Thursday, April 20, 2017. The light frame plane whose wings can fold back, like an insect is boosted by a rear propeller. The company says it is planning to accept first preorders for the vehicle as soon as later this year. (AP Photo/Claude Paris) It may not be quite like the Jetsons, but for over a […]
By Jake Spring | SHANGHAI SHANGHAI When Chinese automaker GAC Motor was preparing to enter the United States market it foresaw challenges in product localization and regulation, but didn’t see any issue with the name of its flagship brand, Trumpchi. Executives at the firm and its parent Guangzhou Automobile Group (601238.SS) say they may now change the Trumpchi brand – which was meant to sound like its […]
Verizon lost hundreds of thousands of customers in the first three months of the year despite resurrecting its unlimited data plan. The largest US mobile carrier that powers more than 100m US mobile devices said it lost 307,000 postpaid phone subscribers in the first quarter. Analysts had expected Verizon to add about 200,000 postpaid, or monthly, subscribers, which are viewed as the most lucrative wireless customers. Analysts […]
Oil prices levelled off on Thursday after they dropped more than $2 a barrel following publication of data by the US energy department showing a rise in American gasoline stockpiles for the first time since February. US benchmark West Texas Intermediate edged 14 cents higher to $50.58 a barrel in early European trading while the global Brent benchmark ticked 17 cents higher to $53.10 a barrel. The […]
The interiors of Inked at Alserkal Avenue in Al Quoz are reworked and sectioned off into 10 tiny roofless rooms. Behind each door is a different narrative, complete with vivid scenery and at least one actor or dancer. In one, a girl writes down her dreams and hangs each note on an apple tree; in another, a baker describes the secret ingredients in his pastel-coloured, ornately iced […]
Thursday 08:00 BST What you need to know ● European bourses soft despite positive Asia session and as US futures steady● Energy shares under pressure as oil struggles to recover from sell-off ● Dollar soft as sterling and euro shrug off election concerns● Sovereign bond yields hold near recent lows ● Gold prices add 0.1 per cent to $1,281 an ounce——————- Hot topic Oil prices are steadier […]
Google is reportedly planning to equip Chrome with a built-in ad blocker, which is quite of a shock considering Google’s biggest money-making strategy is through advertisements. So why is the search company baking an ad blocker into Chrome, the most popular web browser in the world? What Are You Thinking, Google? As The Wall Street Journal reports, the ad block move is a “defensive” one, as described by people […]
Britain’s benchmark stock index dipped into negative territory for the year on Wednesday, as investors worry that a stronger pound saps the foreign-based revenues for many of the FTSE 100’s multinational companies. The blue-chip gauge slipped as much as 0.5 per cent on Wednesday by the close of trading. The pound retraced some gains in late trade from session highs above the $1.2850 level after surging on […]
Jeff Bezo’s Amazon is coming, take cover Australia!Image: DAVID RYDER/GETTY IMAGES By Jerico Mandybur2017-04-20 02:36:33 UTC The moment Australian retailers have dreaded is here. Amazon is expanding Down Under, opening warehouses that’ll enable cheap, fast local shipping, and letting small businesses sell goods through the site—a development an Amazon employee reportedly said would “destroy the retail environment in Australia.” Shopping on Amazon.com is already available […]
Two of the world’s biggest sporting names have been signed up as brand ambassadors by a Dubai-based company. Altitude Mask has announced that it had teamed up with IBF heavyweight champion Anthony Joshua and Real Madrid winger Gareth Bale. The sporting stars will promote its line of state of the art resistance masks which are designed to improve endurance and raise levels of fitness by boosting the […]
The Samsung Galaxy S8, top, and S8 Plus are displayed, Monday, April 17, 2017, in New York. The 5.8-inch S8 and the 6.2-inch S8 Plus both have nearly 15 percent more display space than last year’s comparable models. (AP Photo/Mark Lennihan) Samsung’s new Galaxy S8 phone is stunning. But its $100 price hike is hard to swallow. That’s how much extra you’ll shell out for the S8, […]
Virtu Financial is set to emerge victorious in its effort to buy rival high-frequency trading group KCG Holdings, with a deal expected to be announced on Thursday, according to people briefed on the matter. KCG and Virtu declined to comment. With the announcement of the takeover imminent, Charles Susi, head of institutional sales and electronic trading at KCG, announced internally that he was leaving the company, other […]
By Eyanir Chinea and Anggy Polanco | CARACAS/SAN CRISTOBAL, Venezuela CARACAS/SAN CRISTOBAL, Venezuela Two Venezuelan students died on Wednesday after being shot during protests against unpopular leftist President Nicolas Maduro, increasing turmoil in the volatile nation amid a crippling economic crisis. Opposition supporters protested in Caracas and other cities in what they called “the mother of all marches,” denouncing Maduro for eroding democracy and plunging the oil-rich […]
One of the most important trends in the automobile world is making cars smarter. I’m not talking about autonomous cars, but rather connected features on new cars and retrofitting existing cars with digital intelligence. Two of the most popular add-ons for new cars are Apple’s CarPlay and Google’s Android Auto; many manufacturers—including GM, Mercedes, Honda, Hyundai, VW, and Volvo—offer both in new cars. […]
LONDON OPEC plans to meet with non-OPEC oil producers on the same day as its scheduled May 25 conference, sources familiar with the arrangements said, as they decide whether to extend supply cuts into the second half of the year. Ministers from the Organization of the Petroleum Exporting Countries will convene at their Vienna headquarters. Joint talks with non-OPEC oil ministers will also take place that day, […]
April 19, 2017 by: Vinay Pande and Gerald Lucas The most prominent beneficiary of the so-called Trump trade has been equities, with total returns of 10.5 per cent from the S&P 500 and 10 per cent from the MSCI All-Country World Index since the US election. However, pinning a global bull market on one individual is dangerous. Several other drivers have supported it, making it even more […]
AMD is stepping up its game with the launch of Radeon RX 500 series, its new GPU aimed at giving rival Nvidia a run for its money. The Radeon RX 500 cards are aimed directly at gamers to woo them back to the AMD bandwagon when the series launches this May. AMD released on April 11 the critically acclaimed Ryzen 5 processors aimed at the mid-range market. The […]
|By Saifur Rahman| Intex Technologies Ltd, an Indian technology accessories manufacturer with an annual turnover of US$1 billion, is investing INR 25 billion that will push its annual turnover ten-fold to US$10 billion in 5 years, a senior official told The Arabian Post. India is currently the world’s second-largest telecommunications market and has registered strong growth in the past decade and half.The total mobile services market revenue in […]
Here is how the markets are reacting to UK prime minister Theresa May’s announcement that there will be a snap general election on June 8. Sterling The pound has rebounded strongly off session lows and is now up 1.6 per cent to $1.2755, its highest since December, as dealers reckon that the ruling Conservative government is likely to increase its parliamentary majority. This could strengthen Mrs May’s […]
For the few who might not be familiar with the business, what’s the story behind Aldar? Aldar was founded just over a decade ago in 2005, and is now the leading real estate lifestyle developer in Abu Dhabi. Since we began, we have always pushed boundaries, resulting in some of Abu Dhabi’s most iconic real estate projects. Our business focuses on two main areas – real estate […]
By Ernest Scheyder | HOUSTON HOUSTON Nearly a century after Chevron Corp amassed the No. 2 stake in America’s largest oilfield, Chief Executive John Watson is hitting the accelerator on developing the company’s vast Permian Basin holdings. In an interview, Watson made clear his desire to put the West Texas to New Mexico expanse in the ranks of Chevron’s biggest ventures. That is a stark change from […]
Terrorism and declining oil prices affected the regional hospitality sector especially in Saudi Arabia, Turkey and Egypt, according to Mark Willis, Vice president Middle East and sub-Saharan Africa, Carlson Rezidor Hotel Group. Willis is however optimistic about the results of the Saudi economy during the first quarter of 2017 while stressing that the most difficult performance for their Radisson Blu hotels was in Turkey and Egypt. “We […]
