Bloomberg Chinese beauty apps sensation Meitu Inc. clung to its offer price on its first day of trade, a less-than-stellar debut for Hong Kong’s largest technology initial public offering in almost a decade. It was also the city’s biggest coming-out party since the start of a program that made it easier for mainland Chinese investors to buy and sell ...
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Thai lawmakers approve tighter control of internet
BANGKOK / AP Thailand’s military-appointed legislature approved a bill tightening the country’s already harsh Computer Crime Act, defying critics who said it infringes on the right to free expression. The National Legislative Assembly voted 168 to 0 with four abstentions to approve amending the 2007 law. Internet activists had campaigned against the amendment, which will allow the authorities to ...
Read More »Japan hospitals look to broaden their patient base
Bloomberg For more than a century, Aizawa Hospital provided medical care to the people of Japan’s mountainous prefecture of Nagano. Last year, it looked to broaden its patient base, opening a clinic in Beijing in March, and has been approached by hospitals in other cities to open more. “In the age of globalization, we want to go wherever we ...
Read More »Yahoo’s mega breach shows ‘how vulnerable data is’
NEW YORK / AP The revelation of Yahoo’s latest hack underscores what many Americans have known for years: All those emails, photos and other personal files stored online can easily be stolen, and there’s little anyone can do about it. The only saving grace is that the attackers apparently did not exploit the information for fraud. But their true ...
Read More »Survey predicts record jump in use of connected devices
Relaxnews Column inches in newspapers and on tech blogs may still outnumber the devices in the average consumer’s home but 2017 could be the year that the Internet of Things (IoT) truly becomes a thing. According to Juniper Research, by 2021, the number of connected devices, sensors and activators in use will total 46 billion, that’s a 200% jump ...
Read More »LG to launch ‘Signature’ collections for New Year
DUBAI / Emirates business LG Electronics (LG) has long been a key driver in innovation, applying analytics-driven insights to its appliances and electronics to produce a unified consumer experience that is as intuitive as it is effortless. The home appliances and home entertainment market is currently undergoing a great change where consumers are starting to shift from traditional products ...
Read More »FB rolls out tools to curb fake news after uproar
Bloomberg Facebook Inc. is changing its powerful news feed in an effort to stamp out fake stories following a firestorm around the social network’s role in spreading false information. The new features, rolled out to select US users on Thursday, add options for readers and third-party fact checkers to flag articles, tweak Facebook’s algorithm and provide more restrictions on ...
Read More »BP awarded 10% stake in ADCO onshore concession
ABU DHABI / WAM Abu Dhabi National Oil Company (ADNOC) signed on Saturday an agreement with BP, awarding the British oil and gas giant a 10 percent interest in Abu Dhabi’s onshore oil concession operated by ADCO, the Abu Dhabi Company for Onshore Petroleum Operations. As part of BP’s interest in the concession, it will become asset leader for ...
Read More »MoF, DIEDC deal to promote Dubai as Islamic economy hub
DUBAI / WAM The Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Dubai Islamic Economy Development Centre (DIEDC) to exchange experiences and coordinate on matters related to the strategic plan for ‘Dubai the Capital of Islamic Economy 2017-2021’, aimed at strengthening country’s position and enhancing the Emirate of Dubai as the capital of the Islamic economy. ...
Read More »Humaid Bin Rashid Al Nuaimi Foundation OKs AED27mn budget
Ajman / WAM The Humaid Bin Rashid Al Nuaimi Foundation’s board of trustees has approved an estimated budget of AED27 million for 2017. Approved at a board meeting chaired by HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, the budget funds the foundation’s charitable and humanitarian projects. Sheikh Ammar directed the board of trustees to launch ...
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