Bloomberg The Bundesbank may be about to put a price tag on the European Central Bank’s exit from unconventional stimulus. The German central bank is bracing for losses that may be triggered when the ECB eventually unwinds its bond-buying program and raises interest rates, and President Jens Weidmann has the opportunity to address the matter when he presents his …
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Bloomberg Earlier this month, Apple Inc. poached the chief of Amazon’s Fire TV unit to run its television operations. Timothy D. Twerdhal brings hardware and content experience to his new gig, and his hiring suggests a renewed focus on the Apple TV set-top box. Twerdhal’s arrival comes as the company tests a new, fifth-generation Apple TV that it may …
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Bloomberg Fitbit Inc.’s fourth-quarter revenue fell 19 percent, hurt by fading consumer demand for its once-popular wearable fitness trackers. Revenue in the quarter — which includes the holiday shopping season — dropped to $573.8 million, the company said in a statement. Fitbit in January had forecast sales of $572 million to $580 million. Before then, analysts had been predicting …
Read More »Dubai / Emirates Business The latest version of LG Electronics’ (LG) webOS 3.5 Security Manager smart TV platform has been certified for its effective cybersecurity capabilities by UL, the world’s foremost expert in safety and sustainability, a first in the smart TV category. Following in the footsteps of its expertise in smart TVs, LG intends to expand this level …
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DETROIT / AP Technology glitches including Bluetooth phone pairing and misunderstood voice commands put a dent in car and truck reliability scores in a major survey of automobile owners. Lexus and Porsche tied for the top spot, leading all brands for dependability in the survey released Wednesday by the consulting firm J.D. Power. But electronic problems caused trouble across …
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TULA, Russia / AP Claims of hacking by the Russian state may be feeding international tensions, but they’ve given Californian musician David Brown a great icebreaker when selling his line of Russian-made microphones. “We give free hacking lessons with these microphones,” he tells potential buyers in Los Angeles. “Watch what you say because they never turn off.” Brown, who’s …
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Tijuana / DPA There is no wall dividing Tijuana from San Diego in the Eagles’ Nest region of northern Mexico. Instead, a rusty metal fence sporting a “Danger” sign ends there abruptly, as if unsure of where else to go. Shrubs and rocks make land access difficult in the Nido de las Aguilas area. Combined with the elevation, this …
Read More »ABU DHABI / WAM Abu Dhabi Ship Building Company (ADSB) and Lockheed Martin announced the signing of a Memorandum of Understanding (MoU) to cooperate in providing support services for UAE Military maritime assets. The MoU was signed by Dr Khaled Al Mazrouei, CEO of Abu Dhabi Ship Building, and Joe North, Vice President of Littoral Ship and Systems at …
Read More »DUBAI / WAM Borse Dubai and Nasdaq announced the signing of a new agreement to bolster the technological infrastructure of Dubai’s stock exchanges, Dubai Financial Market (DFM), and Nasdaq Dubai, and further improve post-trade practices. Under the agreement with Borse Dubai, the parent company of DFM, Nasdaq will deliver a new INET-powered, multi-asset trading technology engine, the Nasdaq Matching …
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ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000 tonnes per year of LPG over the next 10 years. The long-term agreement, backdated to January 1, 2017, and which will expire on the December 31, 2026, was signed on …
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