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SYDNEY U.S. buyout firm TPG Capital Management on Monday raised its cash bid for Fairfax Media Ltd (FXJ.AX), offering A$2.76 billion ($2.04 billion) for the struggling Australian publisher and sending its shares to a six-year high. The fresh offer from TPG [TPG.UL] and partner Ontario Teachers’ Pension Plan Board (OTPP) would allow shareholders to cash out completely rather than leaving them with scrip in a piecemeal collection […]

Apple is expected to make its voice assistant Siri a lot smarter in the foreseeable future, as evidenced by its recent acquisition of AI company Lattice Data. The Cupertino brand reportedly forked over $200 million to close the deal. Apple Beefs Up AI Efforts According to TechCrunch, an unnamed source told it that Apple has already completed the acquisition a couple of weeks earlier. The agreement also […]

Your daily guide to community and cultural activities across the Emirates for May 13, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Film screening Cinema […]

By Benjamin Kang Lim | BEIJING BEIJING China and the Philippines will start bilateral consultations on the disputed South China Sea this week, the Philippine ambassador to Beijing said, as Manila looks to ease tensions with Asia’s top economic power. Philippine President Rodrigo Duterte, who is visiting Beijing this weekend to attend a summit on China’s new Silk Road plan, has opted to court China for its […]

The ransomware attack caused chaos last week around the world, including at hospitals in the UK. sudok1, Getty Images/iStockphoto The global ransomware attack that caused chaos could spring back to life again as workers return to the office, experts have warned. While ransomware has been a growing menace for some time, this particular attack is without parallel, largely because the ransomware was combined with a worm-like functionality […]

GEORGE TOWN: A police report has been lodged by an investigating officer (IO) after a probe showed that JJPTR’s scheme involved investments amounting to RM1.7bil. Penang police chief Comm Datuk Chuah Ghee Lye said two police reports had been lodged in Penang so far – one from the public and the other from the IO. “The IO’s report was to enable him to conduct an investigation into […]

Abu Dhabi // Sheikh Mohammed bin Zayed will hold talks at the White House with Donald Trump on Monday to discuss enhancing cooperation on counterterrorism, confronting Iran and other core issues in the increasingly close relationship. Over the course of what is expected to be a two-day visit to Washington, Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, is also […]

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Model-of-the-moment Winnie Harlow will walk the runway during Arab Fashion Week at The Meydan Hotel in Dubai this week. The 22-year-old Canadian, who has the depigmenting skin condition vitiligo, is one of many famous figures taking part in the event, which runs from ­tomorrow until Saturday. “Cardi B, the American influencer and hip-hop artist, will be flying in,” says Jacob Abrian, chief executive of the Arab Fashion […]

By Dustin Volz and Eric Auchard | WASHINGTON/FRANKFURT WASHINGTON/FRANKFURT U.S. and European officials scrambled to catch the culprits behind a massive ransomware worm that caused damage across the globe over the weekend, stopping car factories, hospitals, shops and schools, as Microsoft pinned blame on governments for not disclosing more software vulnerabilities. The attack, which leveraged malicious software that security researchers widely believe was stolen from the U.S. National […]

President Uhuru Kenyatta of Kenya has called on China to rebalance an increasingly skewed trade relationship between Africa and the rising superpower, arguing that Beijing must do more to tackle a widening trade deficit. Africa’s trade balance with China has moved decisively into deficit due to a fall in the price of many African commodities, such as oil, copper, iron ore and cocoa. In 2015, the most […]

Having single-handedly hounded Home Capital Group – the company which we predicted in 2015 would be “ground zero” for any potential Canadian financial crisis, and has emerged as the Canada’s equivalent to the infamous New Century which in 2007 presaged the upcoming global financial crisis – into near oblivion, noted chicken-farmer and short-seller, Marc Cohodes, over the weekend revealed the full details behind his latest short thesis: […]

The U.S. Department of Agriculture (USDA) announced on May 13 that Green Chile Food Company is voluntarily recalling several of its frozen meat and poultry burrito products due to possible listeria contamination. The product recall comes after a Food Safety and Inspection Service (FSIS) inspector did a routine testing on a Beef and Potato Burrito and found evidence of Listeria monocytogenes in the items. More than 252,000 […]

In this May 12, 2017 photo, a display panel with an error can be seen at the main railway station in Chemnitz, Germany. Germany’s national railway says that it was among the organizations affected by the global cyberattack but there was no impact on train services. Deutsche Bahn said early Saturday that departure and arrival display screens at its stations were hit Friday night by the attack. […]

JERUSALEm: A Jordanian man stabbed and wounded an Israeli officer in annexed east Jerusalem on Saturday before being shot dead, police said.The officer was taken to hospital with “moderate” injuries after the attack in the walled Old City, police spokeswoman Luba Samri said in a statement.Police identified the assailant as Mohammad Skaji, a 57-year-old Jordanian who the statement said had “entered Israel a few days ago.”They said […]

Ransomware: Everything you ever wanted to know Hospitals across England and Scotland are being forced to postpone appointments and divert patients elsewhere because systems have been taken offline by a ransomware attack in an event NHS England has declared as a ‘major incident’. In a statement, NHS Digital, which runs IT systems for the health service, has confirmed that systems across the country have been brought down […]

The Federal Reserve is actively considering a profound change in US monetary policy, in effect the reversal of quantitative easing (QE). In its March meeting, the FOMC discussed its strategy for the future run down of its balance sheet, and said that further debate would take place in upcoming meetings. The FOMC has already concluded that “a change in the Committee’s reinvestment policy would likely be appropriate […]

ABU DHABI// With Ramadan approaching, Muslims with chronic medical conditions are urged to visit doctors to ensure their medication is up to date and to not risk their health by fasting. Diabetics in particular are being advised to be cautious during daylight, as going without food for long periods can cause blood sugar levels to fluctuate. Dangerously low blood sugar, or hypoglycaemia, can occur in anyone but […]

Emmanuel Macron’s election as president of France received few more rapturous welcomes than that given by Sylvie Goulard, a liberal French politician in the European Parliament and ally of the 39-year-old new head of state. “Finally! Finally, Europe and France reconciled!” Ms Goulard enthused. “What a symbol — a young president, focused on the future, entering the Louvre of the kings of France to the sound of […]

By Benjamin Kang Lim | BEIJING BEIJING China and the Philippines will start bilateral consultations on the disputed South China Sea this week, the Philippine ambassador to Beijing said, as Manila looks to ease tensions with Asia’s top economic power. Philippine President Rodrigo Duterte, who is visiting Beijing to attend a summit on China’s ambitious new Silk Road plan, has opted to court China for its business […]

Three former employees of Donald Trump claim to have personally witnessed him recording phone calls at Trump Tower in New York, and a fourth person said a recording of him was entered into evidence in a lawsuit – the Wall St. Journal reports. Mr. Trump sometimes taped phone conversations with associates and others from his Trump Tower office in New York, according to three people who say […]

By Erik Kirschbaum | BERLIN BERLIN The names of German military barracks honouring a handful of World War Two officers should changed to show that the country’s post-war armed forces have made a clean break from their Nazi past, Defence Minister Ursula von der Leyen said on Sunday. Having come in for criticism herself after accusing the Bundeswehr armed forces of “weak leadership” amid a national debate […]

By Ayesha Rascoe and Michael Martina | WASHINGTON/BEIJING WASHINGTON/BEIJING The United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as part of Washington’s drive to cut its trade deficit with Beijing. The deals are the first results of 100 days of trade talks that began last month, when […]

Samsung Galaxy S8 review: The good, the bad, the beautiful Samsung sent me a Galaxy S8 to review a month ago, and my personal T-Mobile orchid gray model arrived just a day after my review went live. I’ve been using that device as my daily driver ever since. The Samsung Galaxy S8 is an evolution of the S7 Edge and Note 7, but since the Note 7 […]

People walk past a Megafon mobile phones shop in Moscow, Russia, Saturday, May 13, 2017. A top Russian mobile operator said Friday it had come under cyberattacks that appeared similar to those that have crippled some U.K. hospitals. Pyotr Lidov, a spokesman for Megafon, said Friday’s attacks froze computers in company’s offices across Russia. (AP Photo/Ivan Sekretarev) The cyberattack that spread malicious software around the world, shutting […]

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