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September 15, 2016 Local News, Uncategorized
Vatican City / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Thursday discussed with His Holiness Pope Francis, Pope of the Catholic Church, ways to strengthen bilateral relations and develop them in the service of humanitarian causes that promote peace and coexistence between different …
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September 15, 2016 Banking
AP The Bank of England kept its main interest rate unchanged at a record low of 0.25 percent on Thursday after a run of better-than-anticipated news in the wake of the country’s decision in June to leave the European Union. The unanimous decision was widely anticipated after last month’s series of post-Brexit measures by the bank’s policymaking body that …
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September 15, 2016 Banking
Bloomberg A decision to cap Kenyan interest rates may favor the biggest banks as small lenders will struggle to raise cheap deposits to fund lending, according to Equity Group Holdings Ltd. Chief Executive Officer James Mwangi. At least 30 of Kenya’s 42 lenders may have difficulty paying the minimum for deposits as demanded by a new law on interest …
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September 15, 2016 Banking
Bloomberg HSBC Holdings Plc offered 181.8 billion yen ($1.8 billion) in Japanese currency bonds on Thursday in the biggest single sale by an issuer in the Samurai market since 2009, according to data compiled by Bloomberg. The London-based bank’s sale included 64.4 billion yen in 10-year notes priced at 1.207 percent, according to a statement from SMBC Nikko Securities …
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September 15, 2016 Banking
Bloomberg Some analysts expect the Bank of Japan to fire another blast of monetary stimulus at the end of its two-day policy meeting on September 21. Others see a central bank with little if any ammunition left — or one turned gun-shy. For some economists, the BOJ’s decision to undertake a comprehensive review of its easing program to be …
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September 15, 2016 Banking
Bloomberg Wells Fargo & Co. has started doing damage control on Capitol Hill. Tim Sloan, the bank’s president and chief operating officer, has spent most of the week reaching out and meeting with members of Congress and their staffs in Washington, as the lender confronts blowback over allegations it opened more than 2 million accounts without customers’ approval, said …
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September 15, 2016 Technology
Bloomberg Samsung Electronics Co., under pressure from consumers for longer-lasting batteries that charge faster, pushed the limits of lithium-ion technology. The effort backfired when some of its new Note 7 handsets caught fire and exploded. Building a better battery has long bedeviled the tech industry. Smartphones are constantly improving, with sharper displays, improved software and cameras rivaling those used …
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September 15, 2016 Technology
AFP With new iPhones hitting the markets Friday, Apple is seeking to regain momentum and set new trends for the smartphone industry and tech sector. The newest versions of the California-based technology giant’s lifestyle-changing iPhone aim to win over users with sophisticated camera technology, water resistance, more power and other improvements. But Apple has raised eyebrows by eliminating headphone …
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September 15, 2016 Technology
AFP Facebook, Twitter and news organizations including Agence France-Presse have joined a coalition of media and technology groups seeking to filter out online misinformation and improve news quality on social networks. First Draft News, which is backed by Google, announced Tuesday that some 20 news organizations will be part of its partner network to share information on best practices …
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September 15, 2016 Technology
Bloomberg Yi Wang was hearing the same refrain over and over: Why are English classes in China so expensive? And why aren’t I proficient yet? The former Google product manager decided to do something about it and started an app called LiuLiShuo, which basically means “speaking fluently†in Mandarin. The app, which claims more than 30 million users, is …
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