Uncategorized

Washington / AfP As Apple’s legal battle with the FBI over encryption heads toward a showdown, there appears little hope for a compromise that would placate both sides and avert a divisive court decision. The FBI is pressing Apple to develop a system that would allow the law enforcement agency to break into a locked iPhone used by one of ...

Washington / AFP Senators Ted Cruz and Bernie Sanders scored key victories in their White House quests, but it was Donald Trump and Hillary Clinton who outperformed their rivals to remain the race’s undisputed frontrunners. Republican Trump and Democrat Clinton did what they needed to do—dominating in the delegate-rich state of Louisiana in performance that keep them on top at ...

CAIRO / EMIRATES BUSINESS Egypt’s Sixth of October Development and Investment Company (Sodic) and Heliopolis Development Housing (Heliopolis Housing) have signed a co-development contract for a major mixed-use scheme in Cairo. Sodic will develop 70 per cent and 69.8 per cent of the residential and commercial units respectively, while Heliopolis House will develop the rest, according to a company statement. ...

Brussels / AFP European leaders will push Turkey at a summit on Monday to agree to “large-scale” deportations of economic migrants from Greece, as EU chief Donald Tusk says he sees the first hints of a resolution to the migrant crisis. With a fresh surge expected in the warmer spring weather, the European Union’s 28 leaders are pinning much of ...

Dubai / WAM In the presence of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Mohammed Al Mannaei, Director – Mina Rashid DP World, has announced a plan to build a marina for luxury yachts at Port Rashid. The new ‘Port Rashid Marina’ project was announced during the visit of Sheikh ...

Abu Dhabi / Emirates Business Abu Dhabi — the leading aviation industry playmaker in the region — has launched the first-ever Abu Dhabi Aviation & Aerospace Week (ADAAW), which will run until March 12. The landmark inauguration event is held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...

Bloomberg European Central Bank President Mario Draghi will have to deliver plenty to meet the expectations of euro bears next week. With Draghi under increasing pressure to boost inflation in the euro region, investors are preparing for a range of measures at next week’s policy meeting, including a cut to the deposit rate and a boost to the ECB’s quantitative-easing ...

Beirut / AP A shaky cease-fire in Syria brokered by Moscow and Washington has survived its first week, outlasting skeptics’ expectations and providing some hope that a diplomatic solution to the five-year-old war might be possible. With daily incidents of artillery shelling, airstrikes and clashes, it would be easy to dismiss the “cessation of hostilities” as a charade. But the ...

Bloomberg Fortress Investment Group LLC is betting that one of the real estate industry’s greatest contrarian wagers has more room to run. The manager of $70.5 billion, which piled into Japanese property after a tsunami and nuclear meltdown battered valuations in 2011, has seen its investments surge after Prime Minister Shinzo Abe’s stimulus revitalized the industry. Invincible Investment Corp., a ...

SAN FRANCISCO / AP Amazon.com is introducing two devices designed to amplify the role its voice-controlled assistant Alexa plays in people’s homes and lives. The products are echoes of Amazon’s Echo, a cylinder-shaped speaker with Internet-connected microphones that became Alexa’s first major showcase when it debuted in late 2014. Set these gadgets up and they’ll listen for your voice and ...