The recent failed coup attempt was the last thing expected by the Turkish government, which is grappling with a lot of odds that cast shadow over tourism in particular and economy in general. The turmoil will take economic toll on a country where tourism is an essential source of foreign currency to finance current-account deficit. The sector employs 8 ...
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Beware of robots telling people how to vote
Mark Buchanan Voting is partially a social endeavor, in which people consider the opinions of others when making up their own minds. Increasingly, though, they’re being influenced by an inhuman force: software robots specifically designed to deceive them. Lest democracy be undermined, humans need help in distinguishing their brethren from the bots. Two years ago, in a report filed ...
Read More »China hardens position on South China Sea
China has taken a leap towards clarifying its claims in the South China Sea, but in a direction that could intensify frictions. The International Tribunal on the Law of the Sea delivered a sweeping ruling Tuesday against China in an arbitration case initiated by the Philippines. The result significantly limits the size of the maritime zones and scope of ...
Read More »India grapples to find landing slots
Bloomberg At last week’s Farnborough Air Show, an Indian carrier placed a $7.7 billion order while an additional $72 billion of contracts are in the offing. The next challenge: Finding landing and parking slots for these planes. As air travel heats up in the world’s fastest-growing major aviation market, infrastructure has failed to keep pace with traffic growth fuelled ...
Read More »SpaceX propels cargo to space station
Miami /Â AFP A SpaceX rocket blasted off on Monday toward the International Space Station, carrying a load of supplies for the astronauts living in space, including equipment to enable future spaceships to park at the orbiting outpost. “Falcon 9 is on its way,” said a commentator at SpaceX mission control as the white rocket launched under a dark night ...
Read More »Japan’s Fast retailing sees $5bn day on gains, Yen drops
Bloomberg After the strengthening yen forced Fast Retailing Co. to slash its full-year net income forecast by a quarter, the currency’s reversal along with signs of recovery in the company’s Uniqlo clothing business drove the shares up by their daily limit. The stock rose 18 percent to 32,660 yen at the close in Tokyo trading, the most since 1998, ...
Read More »Classic Nintendo systems returning to retail stores
Redmond /Â AP If you have fond memories of battling King Koopa or tossing barrels as Donkey Kong, you can relive them this fall. Nintendo is leaping into the nostalgia market by bringing back the classic Nintendo Entertainment System (NES). The NES Classic edition comes complete with 30 built-in games, including all three “Super Mario Bros.,” ”Donkey Kong,” ”The Legend ...
Read More »Egg prices reach 10-yr lows as output outpaces demand
Iowa /Â AP In less than a year, eggs have gone from being an expensive staple at the height of the bird flu crisis to reaching the cheapest prices in a decade due to fully restocked poultry barns. But the demand for eggs has been stifled because bakeries and companies using powdered eggs in things like pancake mixes learned to ...
Read More »UAE ranked among top ‘network-ready’ nations
RITIKA SHARMA / Emirates Business As ‘digital’ becomes a global trend and experts point towards the Fourth Industrial Revolution, UAE has emerged as a leader representing this transition. The latest Global Information Technology Report 2016 by World Economic Forum ranks UAE among top 30 countries in terms of Networked Readiness Index (NRI), making the visionary efforts of the nation ...
Read More »Experts look at challenges in natural resources sector
Dubai / Emirates Business Difficulties arising from operating in more technically-challenging physical environments is the number one risk on the minds of executives in the natural resources industry in the MENA region, according to a new Natural Resources Risk Index and top ten ranking released by Willis Towers Watson (NASDAQ: WLTW), the leading global advisory, broking and solutions company. ...
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