The U.S. Federal Communications Commission said on Friday it was referring reports that a website flaw could have allowed the location of mobile phone customers to be tracked to its enforcement bureau to investigate. A security researcher said earlier this week that data from LocationSmart, a California-based tech firm, could have been used to track […]
Read moreMicrosoft has bought Semantic Machines, an artificial intelligence (AI) start-up, as it looks to boost its efforts in developing conversational AI. Berkeley, California-based Semantic’s approach to AI is using machine-learning to add context to conversations with chatbots. This means taking information received by the AI and applying it to future dialogue. The firm’s speech recognition […]
Read moreMalaysia has set up a special taskforce that will look into possible criminal conduct of individuals involved in the management of state fund 1Malaysia Development Berhad (1MDB), the prime minister’s office said on Monday. The taskforce, which will include the anti-graft agency, police and the central bank, will also be responsible for identifying and seizing […]
Read moreThe European Union’s efforts to protect Iran’s benefits from the 2015 nuclear deal after the U.S. pull-out are not enough, Iranian Foreign Minister Mohammad Javad Zarif said Sunday. “With the withdrawal of America… the European political support for the accord is not sufficient,” Zarif told Miguel Arias Canete, EU commissioner for energy and climate, during […]
Read moreLondon is being used as a “base for the corrupt assets” of individuals linked to Russian President Vladimir Putin and the Kremlin, the U.K.’s foreign affairs committee said in a report published Monday. “The use of London as a base for the corrupt assets of Kremlin-connected individuals is now clearly linked to a wider Russian […]
Read morePresident Donald Trump’s administration should focus on pushing for structural changes in China, rather than on the massive trade imbalance between the world’s two largest economies, a former U.S. government official said Monday. “I’d say focus more on structural changes, getting market opening, fair treatment, level playing field, IP (intellectual property) issues, investment protection. Focus […]
Read moreCurrency, United States Finance
Ryanair CEO says some airlines will not 'survive' the winter due to elevated oil prices
The chief of budget airline Ryanair said Monday he fully expects some of his European rivals to file for bankruptcy over the coming months. The Irish airline warned that elevated oil prices — and consequently fuel costs — would probably cause some of its regional peers to go bust in early 2019. A dramatic upswing […]
Read moreChina has funneled billions of dollars into aid, loans and business deals on the African continent in recent years. But as ties continue to strengthen, a former Nigerian finance minister has warned that Beijing-style economic governance will not work for Africa. “China has been very helpful,” particularly with building much-needed infrastructure in Africa, Ngozi Okonjo-Iweala, […]
Read moreItaly’s Five Star Movement (M5S) and Lega party have reportedly agreed on who the next prime minister should be — taking another step closer to implementing their governing coalition and restoring a political structure to the country. Speculation is rife that M5S and Lega’s leaders, Luigi Di Maio and Matteo Salvini, have chosen a private […]
Read moreEuropean stocks are set to start the week on a higher note with investors digesting weekend developments in U.S.-China trade talks. The FTSE 100 is seen up by 51 points at 7,824; and the CAC 40 is expected to open up by 22 points at 5,632; according to IG. The German and other European markets […]
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