The publication of Michael Lewis’s book Flash Boys in 2014 thrust the arcane world of ultra-high frequency trading firms into the popular consciousness, prompting debate over everything from the industry’s morality to the possible risks it posed to financial stability. What was undeniable was how several of these companies were staggeringly profitable, generating hundreds of millions of dollars by trading at speeds made up of fractions of […]
JEDDAH: The Palestinian Authority has urged the International Criminal Court (ICC) to speed up rulings on key issues including Israeli settlements, an official has told Arab News. The authority asked ICC chief prosecutor Fatou Bensouda to expedite rulings on three Palestinian files in order to open a judicial inquiry into the Israeli government’s violations of international law, said Saeb Erekat, secretary-general of the Palestinian Liberation Organization (PLO).This […]
The ranks of business leaders attacking Donald Trump’s immigration clampdown swelled on Monday as executives at several large US companies criticised the measures while Amazon said it was considering a legal challenge. Executives at the financial groups Goldman Sachs, Citigroup and MasterCard, the carmaker Ford and beverage group Coca-Cola risked a clash with the president as they criticised the restrictions on travellers from seven Muslim-majority countries. Amazon’s Jeff […]
By John Walcott and Julia Edwards Ainsley | WASHINGTON WASHINGTON When Donald Trump’s administration put together its controversial executive order on immigration, it was Steve Bannon – the populist firebrand fast emerging as the president’s right-hand man – pushing a hard line. Senior officials at the Department of Homeland Security (DHS) interpreted the order to mean that lawful permanent residents – green card holders – who hailed […]
Part of the Pokémon GO’s novelty as a mobile game is the requirement for players to go out of the confines of their homes to hunt for monsters. While this gameplay has been lauded for getting people outdoors, it has also exposed players to all sorts of risks such as falling into manholes, getting run over by vehicles and even walking into danger or restricted properties. This […]
Pressure on U.S. President Donald Trump grew on Monday over his order banning travel from seven Muslim-majority nations, as the state of Washington announced a legal challenge and former President Barack Obama took a swipe at his successor. The leader of the Democrats in the U.S. Senate, Chuck Schumer, said he would bring legislation on Monday evening seeking to end the ban, although his effort stood little […]
US stocks on Monday faced the heaviest sell-off since before the presidential election in the biggest reversal yet of the so-called Trump trade that has carried equities to record peaks. The S&P 500 index, a broad barometer of American stock performance, fell as much as 1.2 per cent in late-morning trading in New York. That represented the steepest intraday fall since November 1 and came after it […]
The growth of electronic trading in fixed income has always been driven by efficiency, but we’ll begin to see data science and analytics fuel new levels of smart trading this year. Marketplaces such as Tradeweb have spent the last 15 to 20 years building out infrastructure to digitise these businesses and organise their trading activity through more streamlined workflows and trading protocols. Yet, even now, a significant […]
(Image: file photo) “No industry, organization size or geographic location, is immune to a data breach.” That’s the bottom line to Risk Based Security’s recently published end-of-year data breach report, which concluded that over four billion records had been stolen during 2016. The report confirmed that three companies accounted for half of the records stolen in breaches reported last year. Yahoo saw over 1.5 billion records stolen […]
While Uber is dealing with fallout from its response to Trump’s Friday immigration order, when it tweeted it would pause surge pricing, which was taken as a form of “strike breaking,” whilst simultaneously profiting off the situation, and its actions were seen as seeking to grab market share from striking taxi drivers, leading to a #DeleteUber meme spreading across social networks, it has a more tangible problem […]
Panama Papers: How Has Guernsey Responded?Mondaq News Alerts (registration)The simple reason for this is that for the past in excess of 20 years Guernsey has been taking active steps to minimise the risk of the types of shortcomings revealed by the Panama Papers happening in Guernsey. And we are continuing to do so. and more » (via Google News)
European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan. Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday, leading to a quiet Asian session. Oil […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian share markets and Wall Street stock futures fell on Monday after immigration curbs introduced by U.S. President Donald Trump heightened concerns about the impact of the new administration’s policies on trade and the economy. European markets were also poised for a sluggish start, with financial spreadbetter CMC Markets expecting Germany’s DAX to start the day 0.3 percent lower, Britain’s FTSE […]
Vodafone is in talks about a merger of its Indian operations with rival Idea Cellular, a deal that would create a mobile network with around 370m users and form one of the largest telecoms companies in the world. The British mobile operator said in a statement on Monday that it was “in discussions” with Aditya Birla Group about an all-share deal. Vodafone shares rose more than 3 […]
“Singapore companies are confident of their ability to detect a sophisticated cyber attack,” read an enthusiastic press release earlier this month. “80 percent of the Singapore respondents share that sentiment, surpassing the global average of 50 percent.” On face value, that sounds like a big thumbs-up for doing business in Singapore. But let’s dig down into this. First, though, some background. The press release was from the […]
This artist rendering provided by Airbus shows a vehicle in their flying car project, Vahana. Even before George Jetson entranced kids with his flying car, people dreamed of soaring above traffic congestion. Inventors and entrepreneurs have tried and failed to make the dream a reality, but that may be changing. Nearly a dozen companies around the globe, some of them with deep pockets like Airbus, are working […]
In response to the federal government’s draft guidelines for its Smart Cities and Suburbs Program, Smart Cities Council Australia New Zealand (SCCANZ) has called for greater clarity around what constitutes as “innovative” and for the government to present outcomes that are more tangible than “improving liveability”. The council, which launched in Australia and New Zealand mid-2016, insisted that greater “transparency”, “specificity”, and stronger wording is needed to […]
Apple has already shuttered the iCloud Activation Lock website, closing one of the few effective mechanisms to determine whether an Apple device is stolen or not. The move is a huge setback to consumers buying a used iPhone or iPad. If you head to its domain, you will now be told that iCloud can’t find the page. Convenient iPhone Tool The website has been a popular tool due […]
The Center for Copyright Information (CCI) has announced that the United States Copyright Alert System (CAS), designed to combat online piracy, has been abandoned by its members after a four-year run. The CAS was run by the CCI and involved voluntary participation by five ISPs — AT&T, Verizon, Comcast, Time Warner Cable, and Cablevision — which all agreed to send users a warning notice when requested by […]
By Doina Chiacu and Steve Holland | WASHINGTON WASHINGTON U.S. President Donald Trump fought back on Sunday amid growing international criticism, outrage from civil rights activists and legal challenges over his abrupt order for a halt on arrivals of refugees and people from seven Muslim-majority countries. He and senior aides sought to defend the policy and play down the chaos sparked by Friday’s order. But confusion persisted […]
Last fall, I taught a media studies class based on ESPN at the University of Illinois. The class examined ESPN’s considerable impact on all the touchpoints of media: Broadcasting and journalism; advertising and branding; digital and innovation; documentaries and storytelling and impact on pop culture, to name a few. The opening lecture focused on the roots of ESPN, and how ludicrous the notion of an all-sports network […]
Bahraini entrepreneur Mohamed Anwar Sheikhaldeen considers an opportunity to sell technology developed in Bahrain to Japanese clients among the major milestones achieved by EXA.iO, his Manama-based start-up which provides an affordable high-speed rendering service. Sheikhaldeen explains that EXA.iO, a cloud 3D processing service for architects, studios, interior designers and engineers to accelerate their 3D and VR processing workflows at a fraction of the cost, is the first […]
MANILA Philippine President Rodrigo Duterte accused the United States on Sunday of risking regional stability by building permanent arms depots in his country, and threatened to respond by scrapping a security treaty between them. Duterte, who has made no secret of his disdain for the U.S. troop presence in the Philippines, said Washington was bringing weapons into three provinces of his country to store permanently, which he […]
CAIRO/ERBIL, Iraq Fuad Sharef and his family waited two years for a visa to settle in the United States, selling their home and quitting jobs and schools in Iraq before setting off on Saturday for a new life they saw as a reward for working with U.S. organisations. But Sharef, his wife and three children were prevented from boarding their connecting flight to New York from Cairo […]
