Automation, AI, and robotics are the real forces behind the disruption to the global job market, and they will accelerate in 2017. Image: iStockphoto/Matriyoshka As we do each week, the editors of ZDNet will continue to put our heads together in 2017 and give you our weekly Monday Morning Opener–an editorial that zooms in on the most important topic in tech for the week. Now that we’re […]
After December’s No vote in the Italian referendum, the rise of Donald Trump and the British vote to leave the EU, it appears that the political landscape of the developed world is being redesigned by the victims of globalisation and technological change. Anger towards political elites is pervasive. Yet a few rage-free zones remain, of which Japan is the most conspicuous. How come this country, whose economy […]
29 December 2016 Jeddah – The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IDB) Group, has convened a US$ 45 million Murabaha financing agreement with the Islamic Republic of Mauritania represented by the Ministry of Economic and Finance and the Mauritanian Electricity Company (SOMELEC), as an executing agency. The purpose of the agreement comes within the Financing Plan of Mauritania’s electricity needs […]
Authored by Eric Zuesse via Strategic-Culture.org, I’m a former lifelong Democrat, stating here a clear and incontestable fact: Barack Obama is a failed President. It’s true not just because of the sad realities such as that «Top Ex-White House Economist Admits 94 % Of All New Jobs Under Obama Were Part-Time» — or, as the economists Alan Krueger and Lawrence Katz wrote in the original of that study: «94 percent of the […]
U.S. fishing and hunting equipment retailer Cabela’s Inc (CAB.N), which is being bought by privately held rival Bass Pro Shops, said the Federal Trade Commission had sought more information from the companies about the deal. Cabela’s shares were down 7.6 percent at $56.98 in premarket trading on Friday. Cabela’s did not provide details about the FTC’s request. As part of the proposed $5.5 billion deal, announced in […]
The women cowered behind a flimsy bedroom door. One of them dialed 911. Another clutched a stubby kitchen knife. Continue reading the main story Since leaving the corps in 2012, Siatta had been unable to switch off the habits of war. He was hypervigilant and struggled to relax. He watched people, sizing them up and scanning for threats. In the varying situations of everyday life, he constantly […]
Under the five-year contract, Bee’ah will provide integrated waste management services to Dubai Refreshments – the bottling company of Pepsi in Dubai Sharjah, UAE, 29 December 2016 Bee’ah, the leading integrated environment and waste management company in the UAE, has been awarded a five-year contract by Dubai Refreshments (DRC) – the publicly traded distributor of Pepsi in Dubai. As Bee’ah’s first Food & Beverages (F&B) commercial contract, […]
The Central Bank of Oman will be forced to follow the US Fed’s tightening cycle over the coming months, despite low inflation and rising liquidity pressures at home, according to BMI Research. It said in a research noted that combined with low commodity prices, the strength of the US dollar, and weaker economic activity, Oman will adopt a more hawkish monetary policy to lead to average consumer […]
A new year is upon us and with it, a new season of art events and exhibitions is about to start. This month marks the opening of a host of exhibitions at Alserkal Avenue and across Dubai. Highlights include Asad Faulwell at Lawrie Shabibi from January 9, who continues his series on Algerian women who fought during the war for independence from French occupation, and their largely […]
By Lewis Krauskopf and Chuck Mikolajczak | NEW YORK NEW YORK After a late-year rally fueled by the U.S. election pushed stocks to surprising new peaks, investors are wary that the market could be primed for a spill to start 2017. The benchmark S&P 500 .SPX is set to post a roughly 10 percent price gain for 2016 and around 12 percent on a total return basis, […]
Globalization, the path that the world economy has largely followed for decades, took some hefty blows in 2016. The election of Donald Trump as U.S. president and Britain’s decision to leave the European Union have raised questions over the future of tariff-free trade and companies’ freedom to move production to lower-cost countries. Borders are back in vogue. Economic nationalism is paying political dividends. “We […]
TOKYO Japan has approached China and South Korea about holding a trilateral summit in Tokyo in February aimed at deepening cooperation on such issues as a free trade deal, the environment and counter-terrorism, Kyodo news agency reported on Saturday. Disagreements over North Korea and historical issues have long dogged relations between the three Asian powers, though they have held several such trilateral meetings since 2008, most recently […]
China, the world’s largest ivory consumer, will implement a comprehensive ban on the controversial trade by the end of 2017, in a move hailed by conservationists. The announcement by the State Council on Friday night follows through on a commitment made in September 2015 during a meeting between Chinese president Xi Jinping and his US counterpart, Barack Obama. The US enacted regulations banning the trade in July. […]
Lenovo ThinkPad Yoga 370 Lenovo has jumped the gun on CES by releasing info on its latest ThinkPad updates a few days before the annual electronics trade show. While the PC manufacturer isn’t adding anything as radical as the Yoga Book’s Create Pad hybrid input device, its flagship laptops will receive some of the latest computing technology as well as some other improvements. Select ThinkPads will be […]
Market intelligence and networking platform builds momentum as it gathers senior industry decision-makers in third outing. Dubai 29 December,2016 MAZ Chartered Accountants, the region’s leading audit, taxation, financial and management consultancy has held its 3rd MAZ Annual Seminar. The Seminar’s third iteration built on previous years’ success to curate a powerful platform where professionals accessed industry intelligence, developed contacts, improved professional networks and kept pace with a […]
By Ben Blanchard and Benjamin Kang Lim | BEIJING BEIJING China’s military has become alarmed by what it sees as U.S. President-elect Donald Trump’s support of Taiwan and is considering strong measures to prevent the island from moving toward independence, sources with ties to senior military officers said. Three sources said one possibility being considered was conducting war games near the self-ruled island that China considers as […]
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Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise billions. But more than a dozen expected stock offerings of relatively obscure software firms targeting business customers – little-known names such as Apttus, Tintri and Okta – could be just as important in thawing a long-frozen IPO market, according to investment bankers and advisers who work on […]
While you were doing your Christmas shopping, an old-fashioned takeover contest was being fought out in an obscure corner of the stock market. The target was MP Evans Group, one of the very few plantation companies left listed in London. The outcome shows that there are bargains to be found and that some institutional shareholders, at least, will take the long view over the quick buck. Evans […]
By Sam Forgione | NEW YORK NEW YORK The U.S. dollar slipped on Friday but notched its fourth straight year of gains against a basket of major currencies. The dollar index .DXY, which measures the greenback against a basket of six major rivals, gained about 3.7 percent for the year. The index rose about 7.1 percent during the fourth quarter, more than half that gain coming since […]
For those out of the loop, Amazon has just been granted a patent for an “airborne fulfillment center utilizing unmanned aerial vehicles for item delivery,” a fancy phrase for what’s essentially a flying warehouse. The U.S. Patent and Trademark Office had already handed Amazon the go-ahead back in April, but only now have the plans surfaced online via the office’s website. What’s described in the patents, as others […]
Hindsight Capital beats the market, and all competition, every year. But how would it do over a decade? For the uninitiated, Hindsight Capital is an imaginary hedge fund that is blessed with perfect foresight, which features at this time of year in the Long View column. As real fund managers deploying real money have to hedge their bets, it always does far better than any of them […]
By Yashaswini Swamynathan Wall Street aimed to end 2016 on a positive note, setting up the Dow for its best annual performance since 2013 amid increasing optimism about the outlook for the economy. The markets have shown surprising resilience to major political events, such as Britain’s vote in June to leave the European Union and the election of Donald Trump as U.S. president in November. U.S. stocks, […]
Trade between the UAE and China is expected to increase to $60 billion by the end of this year, up from $54.8 billion in 2015, according to the Dubai Economic Council. It said the UAE is now China’s second largest trading partner in the Middle East and the region’s biggest market for Chinese goods, news agency WAM reported. China, whose trade with the UAE stood at only […]
