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The new wave of wearables at work

  Jacob Morgan / TNS We’ve all seen Google Glasses (back in the day), Fitbits, and Apple Watches around town, but could these new technological gadgets really make their way into the workplace? The answer to that question is a definite yes. Credit Suisse called wearables the “next big thing” and said the industry could grow by a staggering 1000% ...

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Resurrecting ruins of a forlorn Roman theatre

Mainz / DPA Where once 10,000 people gathered at a time, all chattering in Latin and guttural German dialects before watching live plays, only weeds now thrive. The ruins of Mainz’ 2,000-year-old theatre are neglected. Only a flimsy fence separates it from a railway station. Wooden benches built 15 years ago on the old stone are so rotten that they ...

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Deploying advanced tech with timeless design

  Our Correspondent EMIRATES BUSINESS Gulf Craft, the world’s innovative builder of luxury yachts and leisure boats, has served the aspirations of passionate seafarers for more than three decades. The award-winning manufacturer is one of the world’s leading superyacht shipyards, a merit it has achieved through continuous investment in research and development. Founded in the Emirates in 1982, Gulf Craft ...

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Fine leather companions for urban traveller

  Our Correspondent EMIRATES BUSINESS For the urban traveller constantly seeking to discover new horizons, Montblanc introduces the Montblanc Urban Spirit Collection, a brand new leather collection defined by its innovative functionality. With streamlined designs, optimal comfort and smart storage solutions, each piece is thoughtfully crafted to fit in with the lifestyles of those on the go. At the office, ...

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Iran condensate exports set to fall to 5-month low in July

  Reuters Iran’s condensate exports in July are expected to fall to the lowest in five months as major buyer South Korea scales back purchases of the ultra-light oil, trade sources said on Thursday. Robust demand for condensate, from South Korea in particular, helped drive a recovery of Iranian oil exports to a 4-1/2-year high in June, although the volume ...

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Colombia raises key rate to 7.5%, signals end to hikes

  Bloomberg Colombia’s central bank raised its benchmark interest rate for a 10th consecutive month as consumer prices rose at the fastest pace since 2001 — while Finance Minister Mauricio Cardenas signaled that the tightening cycle was now over. In a majority decision, the seven-member board voted to raise the key rate a quarter-point to 7.5 percent, central bank Governor ...

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Cost to replace California N-plant with solar: $15bn

  Bloomberg PG&E Corp.’s plan to shut California’s last nuclear power plant by 2025 would cost $15 billion if all its output is replaced with solar-generated electricity at current prices. Actual costs could be lower because the company expects to compensate for lower demand and replace only part of the production, energy policy analyst Rob Barnett said in an interview. ...

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Record US gasoline demand as prices at pump plummet

  Bloomberg U.S. drivers are burning gasoline at a record pace as they take advantage of the lowest prices at the pump in more than a decade this summer. Consumption has risen 3.9% from a year ago, while the average retail price for the motor fuel has tumbled 17%, according to data released by the Energy Information Administration and AAA. ...

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SunEdison CEO Chatila resigns from bankrupt renewables giant

  Bloomberg Ahmad Chatila, chief executive officer of bankrupt clean-energy giant SunEdison Inc., resigned on Weddnesday. SunEdison appointed John Dubel, the company’s chief restructuring officer since late April, to replace Chatila, according to a statement on Wednesday. Dubel joined SunEdison shortly after it filed for bankruptcy protection, listing $16.1 billion in liabilities. Chatila was the architect of a massive clean-power ...

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