JERUSALEM: When Benjamin Netanyahu sent a tweet in support of President Donald Trump’s plan for a wall along the Mexican border, the Israeli prime minister can barely have expected it would be retweeted 40,000 times and cause a backlash at home and abroad.Already under arguably the greatest pressure he has faced in his 11 years as prime minister, with police questioning him in two criminal probes into […]
TOKYO Mitsubishi UFJ Trust and Banking Corp [MTFGTB.UL] is preparing to sue Toshiba Corp for 1 billion yen ($8.7 million) in damages after its share price tanked due to a $1.3 billion accounting scandal two years ago. The trust bank is seeking compensation on behalf of its client pension funds, a spokesman said on Monday. The development is an extra headache for the conglomerate which has plunged […]
DUBAI // A tourist is accused of molesting two women at IMG Worlds of Adventure’s haunted hotel, a court heard on Sunday. The two Emirati women, aged 18 and 22, walked into the dark corridors of the attraction and noticed two men walking behind them, prosecutors said. The incident occurred on September 24 last year. “I asked him and his friend to walk in front of us […]
BERLIN Germany made mistakes with an open-door policy that saw more than a million migrants enter Germany over the past two years, Finance Minister Wolfgang Schaeuble acknowledged on Sunday, but he said Berlin was trying to learn from those missteps. “We have tried to improve what got away from us in 2015,” Schaeuble told the newspaper Welt am Sonntag. “We politicians are human; we also make mistakes. […]
A Norwegian court will hear an appeal next week by four firms seeking to overturn a ruling that upheld a government decision to cut offshore gas transportation tariffs. The firms – owned by Allianz, UBS, the Abu Dhabi Investment Authority and the Canada Pension Plan Investment Board – said the slashed tariffs would cost them 15 billion crowns ($1.8 billion) in lost earnings by 2028. Solveig Gas, […]
Donald Trump’s ban on Muslim immigrants has provoked sharp criticism from US corporations, pitching the US president into an epic clash over US values and the legality of the new measures just one week into his presidency. A growing chorus of condemnation rose from the tech sector on Saturday, with companies including Google, Microsoft and Uber issuing statements of concern over the new policy. The founders of many […]
SAN FRANCISCO U.S. companies scrambled on Saturday to cope with the fallout from President Trump’s executive order on immigration, with Google urgently calling back employees from overseas and companies rushing to provide legal advice and assistance. Trump’s order bars citizens of seven countries from entering the United States even if they hold valid visas or permanent residence permits, a move that caught many companies off-guard. Google Chief […]
26 January 2017 Dubai: “Biznet” Consulting, the leading company in the field of single window application system for various fields, such as construction and business, has promulgated and announced the start of its operations, aiming to expedite and simplify information flows between trade and government bring meaningful gains to all parties involved. Ismail Al Hammadi, CEO of “Biznet” Consulting, assured that the launch of the company’s services will […]
LISBON French President Francois Hollande said on Saturday the new U.S. government was encouraging “populism and even extremism”, as he and fellow southern European leaders urged unity to face an increasingly uncertain world. “We have to stand together in Europe,” Hollande said during the meeting in Lisbon. “What is at stake is populism. The kind of discourse now coming from the United States encourages populism and even […]
ABU DHABI // Brigitte Scholz made two mistakes that landed her in prison. The first was to trust the Nigerian “businessman” who absconded with $180,000 that she was convicted of stealing. The second was to employ a “lawyer” who turned out to be a conman. As reported in The National last week, Mohamad Al Kawadri is one of a group of impostors posing as lawyers who tout […]
“There’s no way I would be at 23 without her; there’s no way I would be at 1 without her,” Serena Williams said of Venus Williams in the on-court ceremony after their match. Photo Venus, left, and Serena Williams embraced after the Australian Open final. Credit William West/Agence France-Presse — Getty Images “There’s no way I would have anything without her. She’s my inspiration,” Serena Williams continued. […]
Apple is joining the Partnership on AI, a group that aims to create best practices for artificial intelligence, keep an open dialogue with experts, and ponder how society and business can benefit. special feature How to Implement AI and Machine Learning The next wave of IT innovation will be powered by artificial intelligence and machine learning. We look at the ways companies can take advantage of it […]
Dubai-based investment firm Abraaj Group has announced that it has acquired a majority stake in Casaideas, a leading home design and home decorations business with growing market presence in Chile, Peru and Bolivia. The transaction represents the first direct investment in Chile for Abraaj, completing the Group’s investment presence in the Pacific Alliance countries of Mexico, Peru, Colombia and Chile. Abraaj said in a statement that the […]
The value of the GCC’s healthcare market has grown steadily in recent years and there is little sign that any slowdown is on the horizon. The industry is forecast to be worth $71.3bn by 2020, according to Alpen Capital. The investment bank expects the GCC healthcare sector to record 12.1 percent compound annual growth rate (CAGR) between 2015 and 2020, after 10.3 percent CAGR between 2008 and […]
KUALA LUMPUR: “You just wait.” Those are the stern words of warning uttered by Malaysian Anti-Corruption Commission (MACC) chief commissioner Datuk Dzulkifli Ahmad to any politicians involved in corruption in the country. Commenting on that stern warning, Universiti Malaya associate professor in socio-cultural studies, Dr Awang Azman Awang Pawi said this showed that the agency was firm and would not be deterred by the politicians’ party ideology, […]
Careful not to make the same mistake that other companies have committed amid recent hacking trends, Facebook has introduced a new security feature to protect its users from unauthorized access to their accounts. This involves a security key that serves as the second factor to the Facebook login process. The overall concept is similar to the two-factor authentication method offered by email services such as Gmail. It is […]
Toshiba on Friday announced that it’s spinning off part of its flash memory business and will sell a stake in the new business to offset major cost overruns from its US nuclear business. Toshiba plans to split off the memory business (including the SSD business, but excluding the image sensor business) by March 31. The company has yet to decide which assets and liabilities will be split […]
By Anna Irrera | NEW YORK NEW YORK Cisco Systems Inc (CSCO.O), Bosch Ltd (BOSH.NS) and several other companies, have set up a consortium to work on how blockchain can be used to secure and improve “internet of things” applications, as sectors beyond finance seek to benefit from bitcoin’s underlying technology. The group, which also includes Bank of New York Mellon Corp (BK.N), Foxconn Technology Group, security […]
Mexico has been in the crosshairs this week as US president Donald Trump held true to his campaign rhetoric and ordered the construction of a wall along the Mexican border, with White House press secretary suggesting a 20 per cent tax on imports could pay for it. With relations between the two countries on course for crisis, has Mr Trump done enough to scare investors away from […]
Cyber security helped elect Donald Trump. During the presidential campaign, hackers cracked open all of the Democrats’ secrets and splayed them out for everyone to see, while Hillary Clinton was raked over the coals for using an insecure server for her own personal email. Republicans’ communications, meanwhile, stayed out of the public eye. But success can breed hubris, and there are some worrying trends in […]
In such an environment, not only does a case for privileged access based on Washington tradition play into one of Trump’s core campaign narratives, but it also fails to anticipate the inevitable response from the White House: What use are you to us? With audience fragmentation and the rise of social platforms, the traditional media’s collective leverage over those in power has been diminished, and the Trump […]
The landscape of public transport is changing across the world. Not long ago, the only option for people who did not have their own car was to queue for a paper ticket and squeeze into a sardine-can bus or train. Today, the new normal is to download a ‘smart’ app and book a point-to-point ride for an ever-diminishing cost. Ride-hailing apps such as Uber and Careem are […]
(Image: CBSNews.com) With the Trans-Pacific Partnership (TPP) having been dumped by new United States President Donald Trump on his first week in office, the question remains as to whether the remaining signatories will attempt to push through the deal by themselves or with China’s aid — or whether they will instead use a Chinese-led deal. The TPP, signed by its 12 member states in February 2016, was […]
TOKYO Toshiba Corp’s (6502.T) board on Friday approved plans to make its core chip business a separate company and seek outside investment in it, aiming to avoid being crippled by an upcoming multi-billion dollar writedown for its U.S. nuclear business. Toshiba estimates the value of its chip business – the world’s biggest NAND flash memory producer after Samsung Electronics (005930.KS) – at 1-1.5 trillion yen ($9-13 billion), […]
