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Google debuts new app to rival Skype, FaceTime

  Bloomberg Google nailed e-mail with the 2004 introduction of Gmail. Now it’s the No. 1 form of electronic correspondence in the US. But as traditional e-mail falls out of favor with a growing sliver of the population, Google has struggled to make its messaging tools relevant or introduce new ones that resonate with younger users. Now Google is trying ...

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Software maverick warns China of hacking weakness

  AFP China leads the world in connecting everyday devices to the internet, but is creating huge hacking vulnerabilities for itself and others by doing so, renegade American software pioneer John McAfee warned. Hackers had already been able to gain control of devices such as safes and heating controls, and take over the computer systems of automobiles and aeroplanes, he ...

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Cyberdyne shares tumble after Citron targets firm

  Bloomberg Cyberdyne Inc., a Japanese maker of robot exoskeletons for patients with spinal difficulties, tumbled after short-seller Citron Research said the company’s stock is poised to plunge. Shares fell as much as 11 percent in morning trading in Tokyo after Andrew Left’s Citron said Cyberdyne is too expensive, citing declining growth in the company’s core assistive-limb product and valuations ...

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India’s Hike wins $1.4bn Tencent, Foxconn backing

    Bloomberg Hike Messenger became India’s newest internet unicorn after securing a round of funding at a valuation of almost $1.4 billion from investors including Tencent Holdings Ltd. and Foxconn Technology Group. The app, which seeks to compete with Facebook Inc.’s WhatsApp, raised more than $175 million via a series D round in which existing backers Tiger Global, SoftBank ...

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Targeting revival

  AFP Sitting cross-legged, 68-year-old Supadmi fires an arrow across a field into a small stick target and sets a bell ringing, taking the lead in the game — an ancient form of Indonesian archery. She was among sportsmen and women in colourful headdresses and sarongs who sent hundreds of arrows flying through the sky in unison at a recent ...

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Driven by need, they break the mould

  DPA The heroes of Africa’s highest mountain like to call themselves Wagumu – “soldiers” in Swahili. On Mount Kilimanjaro, they perform the same role as the sherpas in the Himalayas: tireless burden bearers hauling baggage and equipment to the base camps for visiting mountaineers – through rainforest, scree and ice fields. For decades, it was a world dominated by ...

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DFM achieves 100 per cent compliance in Q2

  DUBAI / WAM Dubai Financial Market (DFM) on Monday announced that its 47 UAE-listed companies showed a 100 percent compliance to disclose their Q2- 2016 results within the deadline of 45 days from the end of the quarter. In a statement, the DFM said it submitted a detailed report to the Securities and Commodities Authority (SCA) including the companies’ ...

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DEWA awards AED197mn power transformer contracts

  DUBAI / WAM Dubai Electricity and Water Authority, (DEWA) announced the installation and launching of the main 400 kilovolt (kV) power transformer, in addition to a number of other projects worth a total cost of AED197 million, at the Hassyan Clean Coal Power Plant. Saeed Mohammed Al Tayer, MD and CEO of DEWA, said, “This project supports the Dubai ...

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UAE leaders greet Indian President on I-Day

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan sent a congratulatory cable to Shri Pranab Mukherjee, President of India, on the occasion of his country’s Independence Day. Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

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RAK FTZ ‘awards’ announced

  RAS AL KHAIMAH / WAM Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA) have opened submissions for the third RAK Free Zones Business Excellence Awards, set to take place on January 19, 2017. With the commitment to expanding competition and involving more industries, this year’s awards programme will also include the businesses ...

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