First, write out the numbers one to 100 in 10 rows. Cross out the one. Then circle the two, and cross out all of the multiples of two. Circle the three, and do likewise. Follow those instructions, and you’ve just completed the first three steps of an algorithm, and an incredibly ancient one. Twenty-three centuries ago, Eratosthenes was sat in the great library of Alexandria, using this […]
US President Barack Obama has blocked a Chinese company’s purchase of German chip equipment manufacturer Aixtron on national security grounds in a move that highlights the growing hostility towards Chinese cross-border investment in western countries. In a presidential order issued on Friday, Mr Obama said “there is credible evidence” that Chinese investors Fujian Grand Chip “might take action that threatens to impair the national security of the […]
Private equity firm Gulf Capital plans to sell some of its investments towards the end of 2017 and early 2018 as market sentiment and the regional economy improve, its chief executive told Reuters. Karim El Solh declined to say which stakes the Abu Dhabi-based company, one of the biggest private equity firms in the region, was considering offloading but said that they would be appealing to global […]
Donald Trump risks opening up a major diplomatic dispute with China before he has even been inaugurated after speaking on the telephone on Friday with Tsai Ing-wen, the president of Taiwan. The call, confirmed by four people, is believed to be the first between a US president or president-elect and a leader of Taiwan since diplomatic relations between the two were cut in 1979. Although it is […]
At a conference on investing in non-performing loans in Milan last week, attendees were asked to vote on whether an Italian government scheme to help sell the debt was the “best way forward”. Just 3 per cent agreed. The response follows a year of wrangling over proposals to tackle the €360bn of problematic loans plaguing the balance sheets of Italian banks, which have lost half their stock […]
By Alastair Macdonald | BRUSSELS BRUSSELS Islamic State will attack Europe again, security chiefs warned on Friday, and may add car bombs, cyber and chemical warfare to its local arsenal as European militants drift home after reverses in Syria and Iraq. Gilles de Kerchove, the European Union’s Counter-Terrorism Coordinator, said it was impossible to know for sure how many militants were already in Europe plotting. A report […]
Pérez made it clear that Benítez was safe as long as he picked what the president felt was his strongest team: an adventurous lineup that included the Colombian midfielder James Rodríguez. Such a selection ran against Benítez’s cautious instincts. He would have preferred the more defensively minded Brazilian Casemiro as a bulwark against Barcelona’s formidable attack, but eventually Benítez relented. Continue reading the main story Rodríguez started; […]
As a microcosm of the wrenches and stresses enterprise services are experiencing, Cognizant‘s week has been pretty fascinating. Last weekend Elliott Management took an activist controlling role in Cognizant, one of the most strategic services firms, with an open public letter to Cognizant’s management essentially chastising them for too much investment in the future and for not squeezing enough money out of the IT services world as […]
Communication is broken, according to Twilio’s VP of Product Management Patrick Malatack, who thinks the root of the problem is that businesses are overlooking the fact that their customers are human. Speaking at StartCon in Sydney, Malatack said there’s a belief among businesses that personalised communication experiences are not scalable, that you can’t humanise communications and serve a wide customer base at the same time. “That’s no […]
Communications Minister Mitch Fifield has broken out the number of FttN premises ready for service, providing a temporary level of increased transparency into the NBN rollout numbers that usually lump fibre to the node (FttN), fibre to the basement (FttB), and fibre to the premise (FttP) technologies into a single total. With the number of ready for service FttN premises overtaking the number of brownfields FttP premises […]
December 1, 2016 by: Anne-Sylvaine Chassany in Paris François Hollande announced on Thursday night that he would not run for a second term in next year’s French presidential elections. The unprecedented decision was driven by his historically low popularity ratings, which left him little chance of success against centre-right candidate François Fillon and far-right National Front leader Marine Le Pen. He would also first have had to […]
Egypt’s largest listed lender CIB sold a near-72 percent stake in its investment banking arm CI Capital to Egyptian and Gulf investors on Thursday, as part of a move to shed subsidiaries and focus on core actives. Commercial International Bank’s announcement of the deal came a day after it confirmed it was in talks to sell a majority stake in CI Capital, which banking sources say is […]
There is no association between a mother having flu anytime during her pregnancy and an increased risk of giving birth to a child with Autism Spectrum Disorders (ASD). This was the finding of a recent study that analyzed more than 196,000 children born between 2000 and 2010. The research, published in the online journal JAMA Pediatrics, Nov. 28, was conducted by Ousseny Zerbo, Ph.D., of Kaiser Permanente […]
When it comes to very large numbers, it can be hard to get the right perspective. If you had to count it, a €40bn pile of cash would be somewhat daunting. Place it next to to the Italian national debt, however, and the pile becomes a pimple. The number matters because it was the amount the government proposed using to assist troubled financial institutions earlier this year. […]
The month that stunned investors with Donald Trump’s US election victory was a record-breaker in markets. The prospect of big tax cuts and fiscal spending from the incoming administration has stirred the market’s animal spirits, driving Wall Street into record territory, while bond prices have been hit hard by expectations of higher inflation. Here is how November played out in numbers: 13 — The dollar index — […]
It’s one thing reaching an age when your friends and contemporaries start dying and you begin to wonder when it will be your turn. It’s quite another to find yourself pronounced the world’s oldest person. In May, that honour fell to Emma Morano, an Italian woman born in 1899, when the former holder of the title passed away. On May 12, Susannah Mushatt Jones, born in Alabama […]
Pursglove would soon learn, however, that navigating this offshore archipelago is not easy. In any given year, trillions of dollars sit safely in the offshore financial world, effectively stateless, protected by legions of well-compensated defenders and a tangle of laws deliberately designed to impede creditors and tax collectors. Even the United States government finds it challenging: A special Internal Revenue Service division known as the “wealth squad,” […]
Saudi Arabia is boosting the firepower of its sovereign wealth fund to accelerate deal-making and lessen the country’s dependence on oil. The Public Investment Fund is receiving a 100 billion-riyal ($27 billion) transfer from official reserves, according to a statement Wednesday on the SPA official news agency, increasing its existing assets by about 17 percent. The injection will help the fund diversify investments and revenues, it said. The […]
If you’re looking to impress, there’s not many lunch venues as quirky, contemporary or romantic as DIFC’s Reflets par Pierre Gagnaire. The décor looks like something out of a children’s fantasy book – complete with shining chandeliers and pink/purple chair-backs and carpet – but perhaps this adds to its decadent demure. The staff are trained within an inch of their life (no bad thing) and seem genuinely […]
Submitted by Federico Pieraccini via Strategic-Culture.org, Looking at US history over a fairly long period of time, it is easy to see the destructive path that has accompanied the expansion of the American empire over the last seventy years. While World War II was still raging, US strategists were already planning their next steps in the international arena. The new target was immediately identified in the assault […]
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30 November 2016 As Saudi Arabia looks to diversify its economy to retain global competitiveness, the 5th Annual Human Asset Management conference 2017 will bring together global HR leaders to address issues pertaining to local talent management and development. Earlier this year, Saudi Arabia approved its National Transformation Program and Saudi Vision 2030, making great headway in enhancing the Kingdom’s global competitiveness. Over the past four decades, […]
While this should come as a shock to precisely no one other than some disaffected Hillary supporters who were hoping for a miracle, Jill Stein’s request for a full “hand recount” in the state of Wisconsin has officially been denied by Dane County Circuit Judge Valerie Bailey-Rihn. According to the StarTribune, the request was denied after the judge found that Stein failed to show any mistakes or […]
Salvatore Ferragamo is often mistaken for his iconic fashion designer grandfather and founder of the Salvatore Ferragamo fashion brand, who became known after his shoes because a must-have in Hollywood for actresses such as Katherine Hepburn and Marilyn Monroe. Eighty-nine years later, Ferragamo’s grandson is nowhere near the fashion house. Instead, he heads the family’s $680m hospitality estate in Tuscany, Il Borro. The 700 hectares historic hillside […]
