Bloomberg In a bid to keep its planned Central Park Tower afloat, Extell Development Co. agreed to a deal that might one day force it to part with the luxury condo project. A joint venture with China’s SMI USA to build the $3 billion skyscraper on Manhattan’s Billionaires’ Row comes with a deadline: If a construction loan isn’t obtained ...

  AP Lock picking might seem ridiculously old-fashioned at a cyber-security gathering — but learning it can actually help people protect machines from digital threats. As security improves to block remote attacks over the internet, hackers look for ways to deliver malicious software physically instead — for instance, by breaking into a company’s data centers. Like cracking a digital system, ...

  Relaxnews New research from JD Power regarding smartphone satisfaction finds that the people most likely to constantly upgrade their handset are also the most content with their phones, at least for the short period of time that they are actually in their possession. “It’s surprising to learn that the expected length of mobile device ownership can influence the purchase ...

  Bloomberg Weibo Corp. has more than doubled this year as steady user growth and an improved sales outlook have lured investors to the Chinese social media. Short sellers are becoming increasingly convinced the stock has peaked. Bearish bets on Weibo, the Asian nation’s answer to Twitter Inc., are at the highest ever, even after the company reported earnings that ...

  AP Live video is growing more popular as a way for families to share big moments with faraway loved ones and for artists and athletes to connect with fans. Livestreaming has also made the news in recent weeks as House Democrats used Periscope to broadcast a sit-in over gun control after the Republican majority cut off television cameras. It ...

  AFP A dozen young men and women stand before a rock face on the outskirts of Islamabad, challenging and cheering each other on as they take turns scrambling up the limestone in front of curious onlookers. The country has long been a magnet for mountaineers, drawn by the grandeur of regions like Gilgit-Baltistan, where three of the world’s greatest ...

  Relaxnews What makes a car go from collecting dust and rust to becoming collectible? Is it rarity, performance, aesthetics, pop culture clout or is it really all down to individual taste? For the world’s oldest carmakers, the definition is simple. “When a car has been out of production for 10 years we define it as a classic,” explains Jaguar’s ...

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, sent a congratulatory cable to the President of the Islamic Republic of Pakistan, Memnon Hussein, on the occasion of his country’s Independence Day. Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and His Highness Sheikh Mohamed bin ...

  DUBAI / EMIRATES BUSINESS Dubai Financial Group (‘DFG’), a subsidiary of Dubai Group, has sold its 11.8% interest in EFG-Hermes Holding Company S.A E (“EFG”) to Natixis Group (“Natixis”). A European banking leader, Natixis has an extensive international presence with offices in Europe, the Americas, Africa, Asia and Australia. Fadel Al Ali, Chairman, Dubai Group, commented: “The sale of ...

  RAS AL-KHAIMAH / WAM Gulf Pharmaceutical Industries, Julphar, announced sales revenue of AED759.7 million in the first half of this year. The company posted a gross profit of AED465.7 million and its net profit for the period was AED133.8 million. Dr Ayman Sahli, Chief Executive Officer at Julphar said, “We have accomplished significant progress. We have launched the real-time ...