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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 […]

TOKYO Western Digital Corp (WDC.O) has sought international arbitration to stop partner Toshiba Corp (6502.T) from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. California-based Western Digital is a long-standing joint venture partner and runs Toshiba’s main semiconductor plant in Japan. It has sought to bid for the Toshiba chips business, but is not seen as the front-runner, […]

Sarah Tew Softbank-owned Sprint has begun informal talks to merge with T-Mobile US, according to Bloomberg. The two mobile carriers had previously held merger talks in 2014, but the deal fell through after regulatory concerns. Bloomberg reported talks between Sprint and T-Mobile are preliminary and no banks have been hired, yet. There’s also belief T-Mobile, the fourth-largest carrier in the US, could be acquired by a cable […]

Amman, 14 May 2017  Marking the debut of The Ritz-Carlton brand in Jordan, Al Eqbal Real Estate Development and Marriot International have announced the signing of an agreement to establish The Ritz-Carlton hotel and residences in Amman, which is scheduled to be complete in 2020. The agreement was inked by Tawfiq Fakhouri, Founder and Chairman of Al Eqbal Real Estate Development, and Alex Kyriakidis, President and Managing […]

A federal investigation found that three Boeing mechanics caused $4 million worth of damages to the Air Force One. According to the report, if not corrected, the errors could have caused the presidential plane to catch fire. Aircraft Accident Investigation A report released this week revealed the results of an aircraft accident investigation conducted by Air Force investigators. The report focused on a specific investigation that was […]

Newly re-elected President of the Chamber of Advocates George Hyzler said that lawyers are concerned about the effect that the Panama Papers and other recent allegations, and the negative international coverage resulting from them, will have on the financial services sector in particular. Asked about the effects of such revelations on the financial services sector, and whether lawyers are concerned about this, Dr Hyzler – who […]

Authored by Paul Criag Roberts, “Fifty years ago, the streets of Leningrad taught me one thing: If a fight is inevitable, you must strike first.” Vladimir Putin In George Orwell’s 1949 dystopian novel, 1984, information that no longer is consistent with Big Brother’s explanations is chucked down the Memory Hole. In the real American dystopia in which we currently live, the information is never reported at all. […]

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Narwhals are known as the unicorns of the sea because of their distinct tusk. The purpose of this long tooth has been unclear but a new drone video of the marine mammals that were taken in Tremblay Sound in Nunavat, Canada helps unveil this mystery. What Are Narwhals? Narwhals are a species of toothed whale that are characterized by their long tusks that can grow as long as […]

Dubai on Monday unveiled a new website to enhance awareness of the city as a top global destination for golf tourism. Launched at the Asia Golf Tourism Convention (AGTC) in Danang, Vietnam, golfindubai.com provides information on courses designed by legends including Ernie Els, Sir Nick Faldo, Colin Montgomerie and Greg Norman, as well as details on leisure and practice facilities and wider hospitality offers. A video of […]

MP3 players had once been the de facto audiophile gadget, the thing you needed to have if you wanted on-the-go music sessions. Apple, in particular, has had a stake in the MP3 market for many years thanks to its continued refresh of the iPod line. Yet the most recent model, the sixth-generation iPod touch, was released as far back as 2015. That’s because in recent times, MP3 players […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Washington was convulsed last night by icy nastiness, harsh language and people crying foul. Oh, that was the deciding game in a hockey playoff between the historically hard-luck Washington Capitals and Pittsburgh Penguins, just one of three major sports distractions […]

Readers are familiar with the various microwave and laser arrays located at the real New York Stock Exchange in Mahwah, New Jersey, both of which we have written about in the past. Microwave tower located next to the NYSE in Mahwah, NJ. This article, however, is not about the familiar antennas off Route 17 in New Jersey. Instead, demonstrating to what lengths the high frequency traders will […]

Technology and media confluence sets #AJTechSummit top trending on social media for two days May 11, 2017 – Doha, Qatar Held under the patronage of His Excellency Sheikh Hamad bin Thamer Al-Thani, Chairman of Al Jazeera Media Network, AJMN’s “Future of Media – Leaders’ Summit” concluded today at the Ritz Carlton Hotel in Doha. The Summit, the first of its kind in the region, prominent figures and […]

NEW YORK/BOSTON Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb’s Third Point and Daniel Och’s Och-Ziff Capital Management (OZM.N), owned stakes in Snap Inc (SNAP.N), parent of the wildly popular Snapchat messaging app, at the end of March, regulatory filings on Friday showed. The filings provide the first definitive snapshot on who bought Snap shares when it went public in early March, in […]

It’s there in the window of practically every high-street store – the trendy kimono, often flaunting an incredibly appealing tropical print. Patterned with palm tree fronds, flamingos and botanical florals in bloom, you may be tempted by the fabulous print, but weary about actually wearing it outside the house. Though the pyjama trend may certainly be stylish, the last thing you want to do is look like […]

The bond between mother and daughter is special, made even more so when a daughter has children of her own. A sense of mutual understanding clicks in that helps to bridge the gap between generations.    In honor of Mother’s Day on May 14, we spoke to some mothers and their daughters about how motherhood has changed, what they’ve learned from each other, how technology has shifted […]

To find out how to type better with virtual reality technology, computer scientists used a light-up virtual display, autocorrect algorithms and a physical keyboard. Credit: Kiran Udayakumar What’s better than a holographic keyboard? A real one, apparently. New research from computer scientists at Michigan Technological University delves into the different ways to type in a virtual reality (VR) space. They’re presenting their work at ACM Conference on […]

At the end of April, Dubai added yet another acquisition to its steadily growing list of attributes. No longer just a city, an emirate, a tourist destination or even home to the world’s tallest building, the city now also has its own official typeface, the Dubai font. The product of a two-year partnership between the Dubai Executive Council, the computer giant Microsoft and Monotype, the owner of […]

United Kingdom telecommunications provider BT has announced that broadband arm Openreach is now consulting with industry and consumers on potentially rolling out a full-fibre broadband network. “We aspire to be the UK’s digital champion. To achieve this, we’re ready to invest in the UK’s digital infrastructure, in continued improvements in our customer service, and in new technologies to further enhance customer experience,” BT CEO Gavin Patterson said. […]

By Nick Carey | ORWELL, Ohio ORWELL, Ohio Three years ago if a customer walked onto Dan Reel’s used car lot seeking a late-model off-lease Ford Escape, his answer was short: tough luck. The supply of lightly-used cars and trucks was tight because automakers had drastically cut back on bargain leases during and after the Great Recession. Recently, though, a computer search for available used vehicles within […]

Kuala Lumpur, 11 May 2017  The fifth edition of Islamic Financial Services Board’s (IFSB) annual Islamic Financial Services Industry Stability Report 2017 examines the implications of the recent economic developments and changes in the global regulatory and supervisory frameworks on the global Islamic financial services industry (IFSI). Amidst a challenging external environment brought on by the changing policy directions and uncertainties in the global economic landscape, institutions […]

By Patricia Zengerle and Arshad Mohammed | WASHINGTON WASHINGTON President Donald Trump blasted ousted FBI chief James Comey as a “showboat” and “grandstander” on Thursday even as the agency’s acting leader contradicted the president’s account that the FBI had been in turmoil before he fired Comey. In testimony before the Senate Intelligence Committee, acting Federal Bureau of Investigation director Andrew McCabe promised to tell the panel of […]

Pets at Home hit a record low on Thursday amid fears of a profit warning with its full-year results this month. Morgan Stanley slashed earnings forecasts for Pets at Home’s 2018 financial year to reflect margin pressure, continued weak sales and rising costs. So-called “category killer” specialist retailers need high gross margins to be economically viable because they suffer from low sales densities and slow stock turn, […]

There can’t be many global brands that have the means, or even the inclination, to shut down an entire city block in Los Angeles – but that is precisely what Hermès did earlier this year. As part of its touring spring/summer 2017 men’s collection, for one night, Hermès transformed a forgotten warehouse in Los Angeles into DwnTwnMen LA, an interactive exhibition, fashion show venue and art space. […]

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