Wednesday 2 December 2015

Mideast funds positive on stocks, bearish on bonds

Middle East fund managers have become slightly more positive on regional equities after valuations fell, and more bearish on bonds because of a looming US interest rate hike, a monthly Reuters survey shows. The survey of 14 leading fund managers, conducted over the past week, fou


Climate plans of poorest nations to cost $1 trillion

The world's 48 poorest countries will need to find around a trillion dollars between 2020 and 2030 to achieve their plans to tackle climate change - and those plans should be a priority for international funding, researchers said. Estimates based on plans submitted by the lea


Driverless series not sport, says Mercedes boss

Mercedes Formula One boss Toto Wolff has dismissed plans for the world's first driverless motor racing series as having little to do with sport, despite the German carmaker's interest in the technology. "Autonomous driving is going to eventually happen on roads in ro


Risk management, SME funding top Islamic banks agendas

Islamic banks around the globe view risk management, equity financing and deepening their client base as the most pressing issues facing the sector in coming years, a survey released on Friday showed.   The survey drew input from the heads of 83 Islamic finance


Saudi riyal devaluation talk 'far-fetched'

Saudi Arabia has the tools available to protect itself as low oil prices push the current account and budget balances of the world's top crude exporter deep into deficit, senior bankers in Saudi Arabia and the Gulf said. In private conversations with Reuters this week, the ba


Wearable tech to decode sign language

The communication barrier between deaf people who use sign language and those that don't understand it may be coming to an end thanks to a new wearable technology being developed at Texas A&M University. The device incorporates a system of sensors that records the motion


Smartphones may have role in US traffic deaths

The number of deaths from traffic accidents in the United States jumped 8.1 per cent in the first half of 2015, suggesting smartphones and other driving distractions could be making America's roadways more dangerous, officials said. Preliminary government statistics, released


Big brands don't mind live Periscope stumbles

When Benefit Cosmetics, a San Francisco-based maker of skin care and makeup, used Twitter's Periscope live-streaming video service to make a product demonstration, a heckler became part of the live show, typing to the presenter, "I can see down your top" even though there was no w


US waging economic war on Islamic State

Since last month, US warplanes have struck Islamic State's oil infrastructure in Syria in a stepped-up campaign of economic warfare that the United States estimates has cut the group's black-market earnings from oil by about a third. In finding their targets, US military


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