Bloomberg Stocks in Dubai and Saudi Arabia led a drop in Gulf equities following a slump in the price of oil stoked by fading prospects for an output deal between major producers. The DFM General Index and Tadawul All Share Index both declined 0.6 percent on Sunday, with the Saudi gauge posting its fourth loss in five sessions as ...
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Earnings, algorithms no match for Yellen as stocks jump
Bloomberg The Federal Reserve may not be the only thing obsessing U.S. investors these days. But going by the rally that followed Janet Yellen’s decision to hold interest rates steady, it’s the biggest thing. Throwing off concerns ranging from falling earnings to the machinations of automated traders, the S&P 500 Index surged 1.2 percent last week, the biggest gain ...
Read More »Security risk in sharing your birthdate online
AP Of all the personal information people tend to give out willy-nilly on the internet, birthdate is perhaps the most ubiquitous. It’s not just Yahoo and Facebook seeking that information. Websites, newsletters, online stores and a plethora of other places want your birthdate — and many services won’t let you sign up until you provide it. And it’s probably ...
Read More »What to do if you’ve been breached in the Yahoo hack
Relaxnews In recent weeks Yahoo has been prompting users to change their passwords and to add a phone number as an extra layer of security and on Thursday the reason for these requests became clear. The tech company announced that a hack could have compromised 500 million users’ details. MAKE THE CHANGE NOW Whether you’re one of the 500 ...
Read More »Snapchat launches new video-catching sunglasses
San Francisco / AFP Vanishing message service Snapchat announced it will launch a line of video-catching sunglasses, a spin on Glass eyewear abandoned by Google more than a year ago. The California-based company, which also announced it is changing its name to Snap Inc., said in an online post that its Spectacles will be “available soon,” with media reports ...
Read More »A new era of action photography
Emirates Business While smartphone cameras are still unable to compete with high-end DSLRs, the gap is closing. Despite their shortcomings, the flexibility of smartphones leaves them well-equipped to capture content that is off limits to traditional cameras. From 360 Virtual Reality-ready content and action photography to wide-angle shots, the ability of smartphones to interact with companion devices or smart ...
Read More »Textiles in tatters
Bloomberg A neglected waiting area, empty reception and dim lights greet visitors at what used to be the biggest textile factory in the northern industrial area of Pakistan’s economic hub. At its peak Al-Abid Silk Mills Ltd. employed 7,600 employees in Karachi, now only a handful can be seen in the near-abandoned garment workshop. It’s one of hundreds that ...
Read More »Migrant workers in Moscow face discrimination, dangers
Moscow / AFP Kyrgyz migrant worker Belek Asanbekov sits at the kitchen table of his cramped Moscow apartment, scrolling through pictures on his mobile phone of friends killed days earlier in a fire at work. One of his seven flatmates, Gulbara Boobekova, a 45-year-old mother of two, was minutes away from finishing her 12-hour night shift at a Moscow ...
Read More »TDIC opens sales centre at Saadiyat Lagoons district
ABU DHABI / WAM The Tourism Development & Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Saturday its opening of a new and dedicated Lagoons Sales Centre, located at the Saadiyat Lagoons District construction site. The Sales Centre’s convenient location next to New York University Abu Dhabi offers potential ...
Read More »New Yas Acres homes to go on sale from Oct 4
ABU DHABI / WAM Aldar Properties on Saturday announced that public sales for the third phase of Yas Acres, Aldar’s AED 6 billion flagship golf and waterfront villa development on Yas Island, will commence on October 4 at the Aldar Sales Centre on Yas Island. This phase, consisting of 260 homes will include, for the first time, 2 bedroom ...
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