November, 2016

• 20 November

  Five ways Indians are dodging ‘black money’ crackdown

    New Delhi / AFP From deploying ‘cash coolies’ to buying Rolex watches, Indians have found unique ways to dodge the government’s surprise move to withdraw high value bills in a bid to tackle widespread corruption and tax evasion. Cash Coolies There have been multiple reports of factory owners and businessmen asking staff — or even hiring casual labourers — ...

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• 20 November

  Goldman Sachs sees downside risks for emerging markets in 2017

  

    Bloomberg Investing in emerging markets will be trickier in 2017, says Goldman Sachs Group Inc. The New York-based bank laid out its expectations for developing nations in a report. Below are some of the highlights. Downside risks have increased after Donald Trump won the U.S presidential election, which means a rally in local-currency bonds so far this year is ...

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• 20 November

  Credit Suisse’s Swiss unit kicks off operations

  

    Bloomberg Credit Suisse Group AG’s Swiss unit began life as a legally independent company, enabling the bank to pursue plans to sell part of the business in a public offering next year. In carving out a separate entity, Credit Suisse also fulfills a regulatory requirement to make banks easier to break up in a crisis or insolvency. Credit Suisse ...

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• 20 November

  6 virtual reality experiences that don’t cost too much

  

    AP Virtual reality, what’s up with that? If you are curious about this highly buzzed high-tech form of entertainment but don’t feel like plunking down $1,000 or more on sophisticated hardware, just visit one of a slew of amusement-park-type rides popping up around the world. These experiences let you shoot aliens while riding a real-life roller coaster , cook ...

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• 20 November

  Facebook’s Zuckerberg discloses steps to fight fake news

  

    Reuters Facebook Inc, facing withering criticism for failing to stem a flood of phony news articles in the run-up to the U.S. presidential election, is taking a series of steps to weed out hoaxes and other types of false information, chief executive Mark Zuckerberg said in a Facebook post. Facebook has long insisted that it is a technology company ...

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• 20 November

  Snow, Asia’s Snapchat clone, sets sights on global expansion

  

    Bloomberg Snow, a Snapchat clone that’s conquering Asia, is now setting its sights beyond the region, betting that it can attract users with stickers that sometimes border on the bizarre. While Snow, based in Bundang, South Korea, mostly replicates Snapchat’s features, there’s something for everyone among its 400 live-motion filters, which include everything from a dancing octopus to Super ...

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• 20 November

  Best weather satellite ever built rockets into space

  

    CAPE CANAVERAL / AP The most advanced weather satellite ever built rocketed into space Saturday night, part of an $11 billion effort to revolutionize forecasting and save lives. This new GOES-R spacecraft will track U.S. weather as never before: hurricanes, tornadoes, flooding, volcanic ash clouds, wildfires, lightning storms, even solar flares. Indeed, about 50 TV meteorologists from around the ...

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• 20 November

  Off-grid solar power gathers steam in Africa

  

    Dakar / AFP Above the sacks of seeds and coal, three kerosene lamps gather dust in the tiny shed that Kenyan chicken farmer Bernard calls home. He prefers to use solar energy to light up his evenings, listen to the radio or watch television, after abandoning a diesel generator he said was expensive to maintain and burned fuel too ...

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• 20 November

  Cutting food waste saves money for French supermarkets

  

    Paris / AFP Cutting food waste is an appealing social goal, but experiments in France found that measures to cut the amount of food being thrown out also saved supermarkets money. Like a number of other countries, France has recently adopted legislation that forces supermarkets to donate to charities food that is unwanted or past its sell-by date but ...

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• 19 November

  ADFD finances AED147mn Morocco high-speed train

  

    ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), signed a concessionary loan agreement to the tune of AED147 million with the Office Nationale des Chemins de Fer du Maroc, (ONCFM), Morocco’s national railway operator, to finance the construction of a high-speed train to reduce the distance between the cities of Tangier and Kenitra. Complementing ADFD’s first instalment ...

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