Bloomberg Barclays Plc’s decision to cut 25 percent of its London office space highlights the growing risk that tenants will be in short supply for developers of buildings being constructed. The lender is seeking to sublease offices in the Canary Wharf financial district to the UK government, according to two people with knowledge of the matter. They asked not ...
Read More »Indonesia Central Bank chief faces graft charges
Bloomberg Indonesia’s central bank Governor Agus Martowardojo was questioned by the nation’s anti-corruption agency as a witness in a probe relating to a government contract that was awarded during his time as finance minister. Martowardojo appeared at the offices of the agency known as KPK on Tuesday, Andiwiana Septonarwanto, deputy director of communications at Bank Indonesia, said in a ...
Read More »Hitting back at the hackers
Washington / AFP After a seemingly endless barrage of cyberattacks, debate is heating up on hitting back at hackers where it hurts. Amid calls for ways to punish and deter hackers without sparking a so-called “cyber war,†a panel of experts assembled by the George Washington University Center for Cyber and Homeland Security said in a report that US ...
Read More »New SEMA blurs the line between fantasy and reality
Relaxnews The 2016 edition of the SEMA (Specialty Equipment Market Association) show, the highly-anticipated automotive trade and specialty products event, open its doors on Tuesday in Las Vegas, and once again, it will showcase how to take vehicles from the ordinary to the extraordinary. In another collaboration with Hyundai, ARK Performance went through its parts bin to come up ...
Read More »Tablet market shrinks as demand grows for hybrids
San Francisco / AFP The tablet market shrank in the recently-ended quarter, as shipments of bargain-priced computers with detachable screens hit a record high, according to market analysis firm International Data Corporation. Tablet makers shipped 43 million units in the quarter, down 14.7 percent from the number shipped in the same period a year earlier, according to an IDC ...
Read More »Microsoft aims at speeding cloud setup
Bloomberg Microsoft Corp. is offering up a new server design that it hopes will influence the rest of the data-center industry, a move that keeps pressure on hardware vendors like Hewlett Packard Enterprise Co. to lower the price of cloud infrastructure. An earlier design by Microsoft now accounts for 90 percent of the company’s data center server purchases, underscoring ...
Read More »E-cars excite world’s biggest mining firm
Emirates Business BHP Billiton Ltd., the world’s biggest miner, is hot for electric vehicles. The Melbourne-based resources giant, which mines metals and coal used for both steelmaking and fueling power plants, is increasingly optimistic that there’ll be a surge in demand for some of its products as consumers opt for electric vehicles, or EVs, and other renewable energy technologies. ...
Read More »Denim’s deadly secret!
Bloomberg What’s in your jeans? A rogue’s gallery of unpronounceable chemicals whose effects on humans are suspect. Perfluorochemicals, phthalates and azo dyes are among the substances that are widespread in making clothes. Under pressure from consumers demanding safer alternatives to harmful chemicals, American companies including Levi Strauss & Co. are taking a more European approach. The European Union has ...
Read More »Sticker shock for cashew eaters
Bloomberg Get ready for some cashew sticker shock. The global popularity of the kidney-shaped nut has been growing faster than any other tree nut — even almonds. Demand jumped 53 percent since 2010, industry data show. Now the worst drought in a century for Vietnam, the largest exporter, is raising concern that supplies will be even tighter in a ...
Read More »Mubadala Petroleum, Petrofac sign Jasmine FPSO agreement
ABU DHABI / WAM Mubadala Petroleum reached an agreement with Petrofac for the modification and extension of contracts related to the FPF-003 floating production, storage and offloading vessel (Jasmine FPSO), which paves the way for the continued extension of the field life of this successful development. The parties signed a new ‘life of field’ agreement for the provision of ...
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