logo

News related to
should

An Uber car is seen parked with the driver’s lunch left on the dashboard in Venice, Los Angeles, California, United States July 15, 2015. Reuters/Lucy Nicholson   SAN FRANCISCO Drivers who worked for ride-hailing service Uber [UBER.UL] in California and Massachusetts over the past seven years would have been entitled to an estimated $730 million in expense reimbursements had they been employees rather than contractors, according to […]

Live streaming video app Periscope is making a couple of changes to its video broadcast app. Periscope announced today that beginning in a few weeks all videos will be saved by default, rather than expire after 24 hours. The new functionality could have significant ramifications for companies that have struggled to find ways to use the app for promotional purposes. In addition to saving videos by default, […]

Taxi drivers protest against transportation network companies such as Uber and Lyft along with Assembly Bill 2293 at the State Capitol in Sacramento, California, June 25, 2014. Reuters/Max Whittaker/Files   AUSTIN, Texas On-demand ride companies Uber and Lyft suffered an embarrassing defeat in a Saturday election in Austin as voters backed a measure requiring fingerprint background checks for drivers.   The two companies spent more than $8 […]

We use them every day, and they’re crucially important — yet, far too often we’re lazy and careless about them. Passwords, and the importance of keeping them secure, are once again in the news after word emerged Wednesday of a data breach that put more than 272 million passwords and account credentials at risk. Milwaukee-based cybersecurity firm Hold Security reported that a Russian hacker had offered a […]

1Malaysia Development Bhd. defaulted on a $1.75 billion bond this week. It missed a $50 million interest payment amid a dispute with Abu Dhabi’s sovereign wealth fund over who is required to make the payment. The default is the latest episode in financial scandals that have rocked 1MDB, already a target of  of global investigations into allegations of money laundering and embezzlement. Abu Dhabi’s International Petroleum Investment […]

A cushy government job, cheap fuel, a mortgage-free home and a bit of five-star travel and luxury shopping were never too much to expect in the Gulf. Yet what previously was taken for granted in the oil-rich region is being replaced by something more familiar to the western world: spending cuts, taxation, a scarcity of jobs and even strikes. There’s discontentment among young populations rarely seen before […]

|By Matein Khalid| After five years of pathetic under-performance, emerging markets are easily the asset class to own in 2016, as Europe is hit by a resurgent Euro/Italian banking woes and Japan by institutional gaijin selling and a stronger yen. A dovish Janet Yellen has talked down the US dollar and deferred the timing of FOMC interest rate hikes. The Chinese Politburo and People’s Bank have managed to […]

Advertisements

By MICHAEL D. SHEAR April 25, 2016 HANOVER, Germany — The United States will significantly increase the number of military personnel, including Special Forces, in Syria to fight the Islamic State, President Obama said on Monday as he concluded a six-day trip to the Middle East, Britain and Germany. Mr. Obama, whose comments came in a speech in which he pressed for European unity, said that he would add 250 […]

U.S. Health & Human Services Goes Salesforce for $100M CRM Upgrade The Department of Health & Human Services (HHS) recently announced an agency-wide $100 million Blanket Purchase Agreement (BPA) for Salesforce subscriptions. The agreement will allow HHS operating staff and personnel in other divisions to purchase Salesforce products and services through a central purchasing vehicle. The agency said the agreement will help streamline CRM (customer relationship management) […]

UAE. End of Service Gratuity (Gratuity) is a statutory severance pay across most Middle Eastern jurisdictions and one which is conceptually analysed as akin to a retirement savings scheme or pension scheme. This article explores some of the common pitfalls and tricky issues which arise in relation to statutory Gratuity in the United Arab Emirates (UAE) under Federal Law No.8 of 1980 Regarding the Organisation of Labour […]

A Toshiba Corp logo displayed on one of its television sets is seen through a vehicle in Tokyo, Japan, November 26, 2015. Reuters/Toru Hanai/Files TOKYO Toshiba Corp, in a hurry to raise cash before closing its books for the business year that ended at the end of last month, was able to structure the sale of its medical equipment business to Canon Inc in an unorthodox way […]

DUBAI // He may be a desert explorer and 11-time world record holder, but there was one thing about Max Calderan that all the pupils at a primary school wanted to know – was he ever bitten by a snake? The answer was yes, but three days later it was the snake that died. The Italian adventurer recently became the first person to cross the 340-kilometres Tropic […]

INTERNATIONAL. There are now approximately 1,300 corporate venture funds worldwide and in 2015 US$28b of corporate venture capital (CVC) flowed into over 1,300 deals across a range of sectors[1]. The growth in the CVC market is explored in a new EY report, The Innovation Paradox, which, through data analysis and in-depth interviews with a range of corporate fund managers, looks at the variety of strategies, approaches and […]

A lot of factors go into helping Facebook determine which News Feed items appear first on a user’s page. This week, the company has added new considerations to ensure it delivers interesting content that’s geared specifically to each user. One of the new factors being added to the News Feed algorithm is time spent viewing an item. Facebook figures that the longer a user reads or views […]

The current-generation Audi A3 debuted in 2014. However, in just short two years, the competition in entry-level luxury sports sedans has intensified. Now Audi is playing “keeping up with the Joneses” with the mid-cycle refresh of the 2017 A3. As of this writing, we only have information on the European-Spec Audi A3. U.S. model information will be confirmed by Audi USA later this year. What’s New With […]

|By Matein Khalid| While the S&P500 fell only 1.2% last week, things will get uglier in April and May. Fed chair Yellen is playing with fire in talking down US interest rates and inflation risk. The Volatility Index (VIX), Wall Street’s barometer of greed and fear, does not capture the rising global financial and political risks at only 15. Market breadth, sector divergence, smart money flows, sentiment, leadership, […]

Top executives at the world’s largest oil-trading houses said the worst of the market’s woes are probably over, with some predicting prices will climb to $50 a barrel by next year. “The down market is behind us,” Torbjorn Tornqvist, chief executive officer of Gunvor Group Ltd., said on Tuesday at the FT Global Commodities Summit in Lausanne. “It is the beginning of the end of that for […]

|Arabian Post Special| The Mossack Fonseca (MF) data breach that made Panama Papers, the biggest data leak to journalists in history,  possible has been traced to a vulnerable version of a plugin used to create sliders in website designs. According to leading cyber security firm Wordfence, Mossack Fonseca was running WordPress, one of the  most popular website platforms in use, with a vulnerable version of Revoluiton Slider […]

|By Arabian Post Staff| SAMA’s foreign assets fell by US$9.4 billion in February, which is more than the combined US$1 billion drop in government deposits at SAMA and the US$5.3 billion domestic debt issuance, Bank of America-Merrill Lynch said in its latest review. This likely suggests persistent capital outflows for Saudi Arabia, it added February data suggests domestic liquidity continues to tighten as M3 growth dropped to […]

U.K. Prime Minister David Cameron will chair a meeting of ministers on Thursday morning as he weighs how to avoid the closure of an iconic steel plant in South Wales without making costly financial promises. Cameron called the meeting and Business Secretary Sajid Javid cut short a trip to Australia to address the crisis sparked by Tata Steel Ltd.’s decision late Tuesday to sell its plant in […]

|By Arabian Post Staff| Hedge funds which bet on Saudi riyal’s dollar peg are reported to have lost heavily as the price rebound in the oil has apparently removed all immediate possibilities of Saudi Arabia abandoning the currency’s peg with the dollar. Several US hedge funds are understood to be among the losers. According to Bloomberg, contracts used to speculate on the kingdom’s exchange rate in the […]

Republican presidential front-runner Donald Trump told the New York Times he would consider stopping U.S. oil purchases from Saudi Arabia unless the Saudi government provide troops to fight Islamic State. Trump’s comment on Friday was included in a lengthy foreign policy interview published by the newspaper on Saturday and came in response to a question about whether, if elected president, he would halt oil purchases from U.S. allies […]

Microsoft Corp. apologized after Twitter users exploited its artificial-intelligence chat bot Tay, teaching it to spew racist, sexist and offensive remarks in what the company called a “coordinated attack” that took advantage of a “critical oversight.” “We are deeply sorry for the unintended offensive and hurtful tweets from Tay, which do not represent who we are or what we stand for, nor how we designed Tay,” Peter […]

|By Arabian Post Staff|DP World’s gross debt rose to $7.6 billion, with the net debt climbing to $6.2 billion, the company announced in its financial results for the calendar year 2015. The balance sheet shows a leverage of 3.2 times. The increase in debt is mainly due to the addition of the $650 million JAFZA Sukuk following the EZW acquisition and the additional $500 million borrowings from […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
mamun raises US$3 million to finance cross-border trade between the Gulf and Asia // CPI, CPM dispute portrayal of Vayalar uprising leaders // UAE outlines Dh200 billion energy investment at ADIPEC // Winners and losers if a blue wave sweeps US Congress // ADIPEC leaders urge investment in global energy networks // Probe ordered into new bar licences // Bridge Data Centres Appoints New Co-Chief Executive Officer // DIP Holding targets Dh1.12 IPO price and $529m proceeds // Vingroup And Legends Global Announce Strategic Partnership For VinFast – Trong Dong Stadium // Ondine Capital Announces First Close of Fund III to Drive AI and Semiconductor Innovation // Can Bernie Sanders Ensure Enough Left Representation In New Congress? // Altman ranks UAE ahead on artificial intelligence adoption // Apollo broadens Abu Dhabi partnership through Mubadala Capital stake // XRG secures agreement for $1.45bn Australian LNG stake // America On Edge: November 3 Mid Term Polls Outcome May Weaken Trump // Row over SARAL law bypassing local bodies // ChatGPT billing fraud deploys rotating sites for card theft // Bank99 launches business accounts through Austrian postal network // ADNOC authorises Ruwais Diyab gas development for 2029 // Assembly ruckus trial begins after 11 years //