Twitter on Thursday rallied more than 11 per cent in pre-market activity, after it announced better than expected earnings and revenues, and significantly increased its active userbase on the platform. The social media company posted first quarter revenues of $548m, down 8 per cent year over year, marking the first fall in sales on record, but still exceeding estimates. It recorded a net loss of $62m, significantly […]
With little macro data overnight (aside from a modestly disappointing Australian CPI print), offset by an ongoing of corporate profits (this is the single busiest week for corporate earnings in more than 10 years), today everyone’s attention will be focused on three things to come out of Washington: taxes, healthcare, spending. And while we did our best to summarize what is known and unknown last night, this […]
This piece originally appeared in Local Edition, our newsletter following the digital transformation of local news. Want to be part of the conversation? You can sign up here. What do you need to unlearn to stay in journalism? This week, two journalists named almost exactly the same thing. That’s not rare, but it struck me as interesting because they’re at such different points in their career. Here’s what they […]
26 April 2017 Mumbai, INDIA – Etihad Airways, the national airline of the United Arab Emirates, and strategic partner Jet Airways, India’s full-service premium international carrier, have signed a ground breaking agreement with the Government of Maharashtra to promote tourism to the western Indian state. The partnership will enable both airlines to capitalise on their strong links with Maharashtra and further propel domestic and international arrivals into […]
Credit Suisse has launched a SFr4bn ($4bn) share issue and said it will abandon plans to list its Swiss division in an attempt to draw a line under capital fears that have dogged the bank since chief executive Tidjane Thiam took over two years ago. Investors expected the bank’s quarterly earnings on Wednesday to feature only limited news on its much-anticipated capital plans since it is not […]
The boss of Etihad Airways, which owns 49 percent of troubled Italian airline Alitalia, said he deeply regretted a decision by Alitalia staff to reject a last-ditch restructuring deal, blocking a recapitalisation and sparking fears that the carrier may be grounded for good. The future of Alitalia was in doubt on Tuesday, with James Hogan, president and CEO of the Etihad Aviation Group and vice chairman of […]
Authored by Gaius Publius via Down With Tyranny blog, “We don’t want a unified Korean peninsula … We [also] don’t want the North Koreans to cause more trouble than the system can absorb.” —Hillary Clinton, 2013, speech to Goldman Sachs Our policy toward North Korea is not what most people think it is. We don’t want the North Koreans to go away. In fact, we like them […]
Ever heard of Google Blogsearch, Blogrunner or TechFuga? No? You’re probably not alone. Each service tried and failed to dethrone Techmeme as the place where Silicon Valley die-hards get their up-to-the-minute dose of headlines about the tech industry. Techmeme has hung around for more than a decade in various incarnations and still boasts an influential readership that includes Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai. […]
He was supposed to have been charged yesterday, but action was put off A WARRANT of arrest is out for a politician in Malacca implicated in a multimillion-ringgit corruption scandal. The man was supposed to be charged yesterday with at least 10 counts of offences related to money laundering, but the highly-anticipated court appearance did not materialise. The New Straits Times was made to understand that the […]
3rd Internet of the Things Expo (ioTx) to highlight concerns in securing smart and connected cities Hyperloop Transportation Technologies to give visitors a sneak preview of high-speed, tube-based transportation system 25 April 20173rd Internet of the Things Expo (ioTx) to highlight concerns in securing smart and connected cities Hyperloop Transportation Technologies to give visitors a sneak preview of high-speed, tube-based transportation system Dubai, UAE – As […]
Pollution levels are increasing each day with new air and water pollutants being emitted into the environment via automobiles and large scale factories. However, it was thought that at least underground water or groundwater was unaffected. A new study reveals that this may not be the case. Scientists have found a baffling trace of present-day rain water in one particular groundwater reserve. Groundwater Pollution Groundwater contains rainwater and […]
Your daily guide to community and cultural activities across the Emirates for April 26, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini 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 Dubai Performance Get tickets now […]
A federal court has blocked President Donald Trump’s executive order on sanctuary cities on the grounds that it is unconstitutional, in another legal setback for the administration. The nationwide injunction granted on Tuesday by a federal judge in San Francisco will prevent the executive order, signed just days after Mr Trump’s inauguration, from being enforced while its legal merits are debated. “This is a very aggressive use […]
Several months ago, when it was still conventional wisdom that Trump wanted to replace Janet Yellen – at least until Trump’s famous WSJ interview in which he flipped on this and various other issues – with a hawk once her turn runs out in 2018, the financial punditry was busy coming up with potential replacement names, a practice which gradually faded away once it emerged that Trump […]
Warnings were that the first quarter of 2017 would be about as bad financially as the final two of 2016 for newspaper organizations. That proved to be the case today as Gannett kicked off the reporting season for publicly traded companies. Acquisitions led to some revenue growth. But comparing same properties: Print advertising revenues were down 17.7 percent compared to the first quarter of 2016. Circulation revenues […]
ABU DHABI // A historic Islamic scholar and poet is the subject of the winning novel for the 10th International Prize for Arabic Fiction. Saudi Arabian author Mohammed Hasan Alwan was declared the winner of the prize, in a ceremony held in Abu Dhabi on Wednesday night, for A Small Death. “I would like to thank the panel for this very pleasant mistake,” Alwan, 38, quipped while […]
There is no love lost between French luxury house LVMH and its smaller rival Hermès despite the financial ties between them. In 2011, then-Hermès chief executive Patrick Thomas reacted with absolute fury when he learnt that LVMH had used derivatives to build up a stake in the company. In a notoriously crude statement, he said: “If you want to seduce a beautiful woman, you don’t start by […]
Uber is making its vertical take-off and landing (VTOL) plans more concrete, via new partnerships announced today during its Elevate conference focused on the VTOL industry. The partnerships are with established aeronautics and emerging VTOL players, including Aurora Flight Sciences, Embraer, Bell Helicopter, Pistrel Aircraft, Mooney and ChargePoint, and will focus on two markets initially, including Dallas in the U.S. and Dubai abroad. The partners will provide […]
Authored by Zainab Calcuttawala via OilPrice.com, Alberta Premier Rachel Notley warned U.S. President Donald Trump that he would face the wrath of the northern nation’s many allies if the freshman president begins employing energy trade restrictions with Canada. Notley is currently in China, negotiating her country’s trade policies with the Asian giant. She told reporters that she did not know what was meant by Trump’s comments about […]
A demo booth at Facebook’s annual F8 developer conference, Tuesday, April 18, 2017. CEO Mark Zuckerberg addressed recent violence on Facebook at the conference.(Photo: AP Photo/Noah Berger) SAN FRANCISCO — A distraught father in Thailand killed his 11-month-old child on Facebook Live, the latest in a string of disturbing incidents including suicide, torture and sexual assault that have reached millions on the live-streaming service, raising questions about Facebook’s […]
The ELO system, which most chess federations use today, ranks players by the results of their games. Although simple and efficient, it overlooks relevant criteria such as the quality of the moves players actually make. To overcome these limitations, Reseachers have now developed a new system. (via WSJ)
By Patpicha Tanakasempipat and Panarat Thepgumpanat | BANGKOK BANGKOK A Thai man filmed himself killing his 11-month-old daughter in two video clips posted on Facebook before committing suicide, police said on Tuesday. People could access the videos of the child’s murder on her father’s Facebook page for roughly 24 hours, until they were taken down around 5 p.m. in Bangkok (1000 GMT) on Tuesday, or about a […]
Late last year, Google tweaked its search algorithm to fix a pesky problem: Users who asked the search engine whether the Holocaust occurred were served a post from the White supremacist site Stormfront denying its existence as a top result. Similar problems occasionally arise with Google’s featured “snippets,” the prominently displayed boxes that highlight highly-cited answers from around the web. For instance, at the time of publication […]
Dubai master developer Nakheel on Monday broke ground on a new, 375-room hotel at Ibn Battuta Mall, with a total project value of AED240 million. The ground-breaking ceremony – Nakheel’s second in a week – was led by chairman Ali Rashid Lootah and comes a month after the company handed a construction contract to Dubai-based Parkway International Contracting to build the hotel, which will be operated by […]
