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Ford offers adaptive steering system in new Edge

  Ford Motor Company’s latest innovative steering technology that debuts on the all-new Edge CUV promises to redefine the idea of “power steering”, the company said. Ford’s adaptive steering makes it easier for drivers to manoeuvre a vehicle at low speeds while making the vehicle more fun to drive and agile at high speeds. Adaptive steering is standard on the ...

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Huawei unveils faster chipset for smartphones

  Huawei, a global ICT solutions provider,  has announced the introduction of the premium Kirin960 chipset to provide a smoother, faster and more secure Android experience. The new Kirin960 will make its debut on Huawei’s upcoming flagship device and is the latest addition to the Kirin900 family. In addition to setting a new industry standard for smartphone power, speed and ...

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Siemens, Mubadala to explore 3D opportunities

  Siemens, a global technology powerhouse, has signed two major agreements with key organisations in the United Arab Emirates (UAE) in the areas of 3D printing and education. Under first memorandum of understanding (MoU) signed with UAE government-owned Mubadala Development Company, Siemens will partner with Mubadala to develop business opportunities in 3D printing, also known as additive manufacturing, in the ...

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China, Russia take step closer to new long-haul jet

  ZHUHAI, China: China and Russia took a step closer on Wednesday to the joint development of a long-haul jet to challenge Boeing and Airbus , displaying a model of the unnamed plane that would compete with Western rivals. State-owned planemakers Commercial Aircraft Corporation of China (COMAC) and United Aircraft Corp (UAC) of Russia said they had started the hunt ...

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Lazada buys RedMart for undisclosed sum

SINGAPORE: E-commerce company Lazada announced on Wednesday (Nov 2) that it has acquired Singapore e-grocer RedMart for an undisclosed sum. Alibaba-backed Lazada said it expects the transaction to be completed in the fourth quarter of this year. According to Singapore-headquartered Lazada, RedMart will be led by its current management and will “continue to operate independently” after the transaction. The move ...

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U.S. Navy Invests in Subsea Threat Detection Array

Next year, General Dynamics’ Mission Systems Maritime and Strategic Systems division will begin developing a new submarine detection sensor array for the U.S. Navy. The Office of Naval Research project, code named DRAPES (Deep Reliable Acoustic Path Exploitation System), is part of the Future Naval Capabilities program. It will involve the construction and installation of three arrays of acoustic sensors.  ...

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USS Illinois Joins the Fleet

  The U.S. Navy commissioned the newest Virginia class submarine, USS Illinois (SSN 786), during a ceremony attended by more than 2,500 at Naval Submarine Base, New London on October 29. Illinois, named in honor of the 21st state, is the 13th Virginia-class, fast-attack submarine to join the Navy’s operational fleet. Illinois is the third of eight Block III Virginia-class ...

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Huawei showcases TV streaming via cloud

  Huawei, a leading global ICT solutions provider, showcased its new TV solution that enables streaming of TV content through Huawei’s video cloud at the ongoing TV Connect Mena conference and exhibition in Dubai, UAE. Much TV has already been rolled out by five telecom operators across the Middle East and is expected to reach over three million users by ...

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Strata completes delivery of shipset to Airbus

  UAE-based Strata Manufacturing, a composite aero-structures manufacturing facility owned by Mubadala, has delivered its first shipset of A350 – 1000 Flap Support Fairings (FSFs), from its contract with Saab, to Airbus. The first shipset was delivered through Saab business unit ,Saab Aerostructures, to Airbus, following the Strata-Saab announcement made in June last year during the Paris Air Show, said ...

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Google parent Alphabet profit surges on mobile, video ads

REUTERS: Google parent Alphabet Inc bested analysts’ estimates for third-quarter profit and revenue on Thursday as the search company showed it has honed its core business for the mobile era and is closing in on the next wave of computing. Propelled by strong advertising on mobile devices and video site YouTube, Alphabet’s net income climbed 27 percent to US$5.06 billion. ...

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Apple adds touch screen keys to MacBook Pro, price jump startles some

CUPERTINO, Calif.: Apple Inc unveiled a revamped MacBook Pro on Thursday, adding a fingerprint reader, replacing function keys with a small touch screen and raising prices by several hundred dollars. The first redesign in several years is a sign Apple still sees a role for the product that launched the company, even though its iPhone has become the flagship product. ...

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Rolls-Royce unveils new Spring/Summer 2017 Collection

  Rolls-Royce has revealed its Spring/Summer 2017 Couture collection, with signature detailing in vibrant colour complementing pallettes of classic white as ‘Dawn is Inspired by Fashion’. Rolls-Royce and the world of Haute Couture have long been bound by a common philosophy – taking the very finest materials and crafting them into the most exquisite and desirable luxury goods as expressions ...

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App with list of Emirati words launched

  The Dubai Municipality has launched a new app containing a glossary of Emirati words with an option for searching pronunciation in the local dialect, as well as the provision for adding new local words to it during the updating process. The smart app called ‘Ramsatina’, which is an initiative of the Knowledge Management Department at the municipality, is the ...

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Most UAE, Saudi firms ‘wary of digital start-ups’

  Nearly 85 per cent of businesses in the UAE and Saudi Arabia believe that digital start-ups will pose a threat to their organisation, either now or in the future, according to new research. Dell Technologies’ Digital Transformation Index supplements the research and rates companies based on respondents’ perceived performance about their firms’ digital transformation. This phenomenon is propelling innovative ...

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Qualcomm to buy NXP for $47 billion

  Qualcomm and NXP Semiconductors today announced a definitive agreement, unanimously approved by the boards of directors of both companies, under which Qualcomm will acquire NXP for $47 billion. The deal is expected to make Qualcomm, which supplies chips to Android smartphone makers and Apple, one of the biggest suppliers to the fast-growing market of chips used by the automotive ...

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Samsung Note 7 probe results to be come at year-end -Samsung SDI exec

  SEOUL: Samsung Electronics and battery supplier Samsung SDI expect to announce the results of their probe into the cause of fires in some Galaxy Note 7 smartphones late this year, a SDI executive said on Thursday. The executive, Kim Hong-gyeong, said “weakness” in some batteries for Note 7 had been confirmed, adding that the exact cause of the Note ...

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Toyota to recall 5.8 million cars in Japan, China, Europe over Takata airbags

TOKYO: Japan’s Toyota Motor Corp on Wednesday said it was recalling a total of about 5.8 million cars at home and abroad over potentially faulty air bag inflators made by Takata Corp. The recall, which includes the Corolla and the Vitz subcompact hatchback model which is marketed overseas as the Yaris, covers models produced between May 2000 and November 2001, ...

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Crash landing feared as Europe’s Mars lander still silent

FRANKFURT/BERLIN: Thrusters intended to slow a European lander as it neared Mars on Wednesday fired for less time than expected before contact with the vehicle was lost, leaving scientists uncertain whether it touched down safely or broke apart. The Schiaparelli probe, part of a broader mission to search for evidence of life on the Red Planet, was to test technologies ...

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Facebook now lets you buy food, movie tickets on site

SAN FRANCISCO: Facebook will now allow Americans to order a meal, buy movie tickets or make an appointment at the hairdresser without having to leave the social networking site. The US company announced on Wednesday (Oct 19) the addition of new tools on the site to allow users to link directly with businesses. For example, a pizza can be delivered ...

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Virtual fantasy

  A visitor dives into a virtual fantasy work with smartglasses and controllers in her hands at the VLB-TIX stand at the Frankfurt Book Fair, in Frankfurt am Main, Germany on October 19. The book fair is the largest in the world and will run from 19 to 23 October. Flanders and The Netherlands are special guests at this year’s ...

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Razer acquires audio-visual company THX

SINGAPORE: Global gaming device provider Razer is extending its reach beyond gaming. The hardware company announced on Tuesday (Oct 18) that it acquired the majority of the assets of audio-visual stalwart THX earlier this month to improve its entertainment offerings, Razer CEO Tan Min-Liang said: “This acquisition will allow us to reinforce our leadership in gaming while extending our product ...

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Samsung says to invest US$296 million to expand India plant

MUMBAI: Samsung Electronics Co Ltd will invest 19.7 billion rupees (US$295.83 million) to expand its plant in northern India, the company said in a statement. The plant in Noida, near New Delhi, makes mobile phones, refrigerators and televisions. (US$1 = 66.5919 Indian rupees) (Reporting by Devidutta Tripathy; Editing by Subhranshu Sahu) – Reuters

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Fingerprint Card sensor in new Huawei phone

STOCKHOLM: Swedish biometric firm Fingerprint Cards’ says on its website its touch fingerprint sensor FPC1025 is featured in Chinese firm Huawei’s smartphone Huawei Honor 6X, which was launched today (oskar.vonbahr.thomsonreuters.com@reuters.net) – Reuters

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Galaxy Note 7 customers can apply for exchanges, refunds from Oct 26: Samsung

SINGAPORE: Samsung Galaxy Note 7 customers in Singapore can apply for refunds or exchanges online from Oct 26 to Nov 6 online, Samsung Electronics Singapore announced on Tuesday (Oct 18). The company has asked customers to power down and stop using the device over concerns that its battery could catch fire. It first announced it would offer refunds and exchanges ...

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3D power

A metal horse installation manufactured through 3D printing on display at the Hunan Farsoon High-Tech facility in Changsha City, Hunan Province, central China on October 17. Farsoon specializes in 3D printing and laser sintering systems for metals and plastics. Products from the company’s laser printing systems can be applied in the medical, automotive, industrial and aerospace industries, among others. EPA/Rolex ...

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Dubai Silicon Oasis and du to develop 5G, IoT solutions

  Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis, has signed a partnership with telecom provider du for the development of fifth generation mobile technology (5G) and Internet of Things (IoT) solutions. Confirming DSOA’s support to du’s programme titled UAE 5G Innovation Gate (U5GIG), a memorandum of understanding has been signed between Muammar Khaled Al Katheeri, ...

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US companies brace for climate-friendly alternatives in cooling systems

NEW YORK: U.S. chemical companies including Honeywell and Chemours Co are ramping up efforts to produce alternative coolants used in air-conditioners and refrigerators, following a global pact to reduce planet-warming greenhouse house gas emissions. On Saturday, some 150 nations struck a global agreement in Kigali, Rwanda, on ways to phase down hydrofluorocarbon (HFC) gases, which are currently used in air-cooling ...

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China’s AVIC, CITIC, others inject US$850 million to fund Tencent’s Supercell purchase

HONG KONG: Tencent Holdings Ltd said a consortium formed to buy game developer Supercell has raised US$850 million by selling new shares to investors including Chinese state-owned investment firms AVIC Capital and CITIC Capital. Tencent, China’s biggest gaming group agreed in June to buy the ‘Clash of the Clans’ mobile game maker from Japan’s Softbank Group Corp for about US$8.6 ...

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Tesla, Panasonic to collaborate on solar cells production

REUTERS: Elon Musk’s Tesla Motors said it would collaborate with Japan’s Panasonic Corp to manufacture solar cells and modules in New York. Under the agreement, which is a non-binding letter of intent, Tesla said it will use the cells and modules in a solar energy system that will work seamlessly with its energy storage products Powerwall and Powerpack. The Japanese ...

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South Korea says economy will hit 2016 growth forecast despite Samsung Note 7 risk

SEOUL: South Korea’s economic growth is still expected to meet the government’s expectations this year, although recent strikes at Hyundai Motor Co and the discontinuation of Samsung Electronics Co Ltd’s Note 7 sales pose risks, the deputy finance minister said on Monday. Lee Chan-woo told a news briefing on the economy that Samsung Electronics’ troubles could have a negative impact ...

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Innovative technologies ‘to drive hospitality sector’

  Global technology leader Cisco has called for the regional hospitality sector to invest in innovative technologies to not only remain competitive but also differentiate their services to meet unique and fast evolving guest expectations. The hotel industry estimates that over 300 new hotels will open in the Middle East and Africa in 2017. The UAE accounts for nearly 20 ...

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EXCLUSIVE: Carmakers forced back to bigger engines in new emissions era

  PARIS: Tougher European car emissions tests being introduced in the wake of the Volkswagen scandal are about to bring surprising consequences: bigger engines. Carmakers that have spent a decade shrinking engine capacities to meet emissions goals are now being forced into a costly U-turn, industry sources said, as more realistic on-the-road testing exposes deep flaws in their smallest motors. ...

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Amazon to hire 120,000 temporary workers for holiday season

Amazon.com Inc said it would hire more than 120,000 seasonal workers in the United States for the holiday season, 20 percent more than last year, highlighting the growing threat the e-commerce giant poses to traditional retailers. U.S. retailers such as Macy’s Inc, Target Corp and Kohl’s Corp have said they plan to hire fewer temporary workers or to keep seasonal ...

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Samsung offers financial incentives to stem Note 7 bleeding

SEOUL: Samsung Electronics on Thursday offered financial incentives for U.S. and South Korea customers who exchange Note 7s for other products or refund them, as the tech giant scrambles to shore up its reputation in the wake of a damaging safety crisis. The consumer electronics company is also expanding a U.S. recall of the fire-prone model to a total 1.9 ...

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Toyota recalls 340,000 Priuses globally to fix parking brake issue

TOKYO: Toyota Motor Corp said on Wednesday it was recalling around 340,000 of its latest Prius gasoline hybrid model in Japan and overseas to fix a parking brake issue. The recall covers models produced between August 2015 and October 2016, and affects around 210,000 vehicles in Japan and 94,000 in North America, Toyota said, adding that the balance would be ...

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Smartphones ‘a distraction at work’: study

  New research shows that we are 26 per cent more productive without our smartphone, according to a new psychological experiment by the Universities of Würzburg and Nottingham Trent, commissioned by Kaspersky Lab. While smartphones help us stay in touch with colleagues, keep on top of our inbox, and complete urgent tasks on the move, they actually make us less ...

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Kia reveals new eight-speed automatic transmission

  South Korea-based Kia Motors has revealed details of its advanced new eight-speed automatic transmission (8AT), engineered for use in front-wheel drive vehicles. Kia’s new front-wheel drive 8AT (FWD 8AT) has been developed in-house, engineered to offer a high level of mechanical efficiency and smooth gearshifts, said a statement from the company. Crucially, the new FWD 8AT occupies the same ...

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Mercedes-Benz enhances SL 63 and SL 65

  German carmaker Mercedes-AMG is further enhancing its SL 63 and SL 65 high-performance roadsters with updated technology and expressive design. The front section features a completely new design, with a radiator grille that broadens out towards the bottom and the A-wing front spoiler. The stylish light signature and the highly comprehensive scope of standard equipment and appointments underscore the ...

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Business trust in cloud security decreasing: report

  Information security (InfoSec) professionals trust the cloud even less now than they did last year, despite efforts by cloud-service providers to tighten security, according to the results of the second annual Cloud Security Survey conducted by the SANS Institute. Cloud computing has been a dominant trend in the Mena recent years and leading IT research firm Gartner projects that ...

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Samsung halts global sales of Galaxy Note 7

  Samsung has withdrawn all of its Galaxy Note 7 smartphones from sale globally after a spate of fires involving “safe” replacements. In a statement issued late on Monday, Samsung said consumers with original Note 7 devices or replacements they obtained after the recall should turn off the power and seek a refund or exchange them for different phones, according ...

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Norway Readies for Autonomous Ship Testing

  The Norwegian Maritime Authority and the Norwegian Coastal Administration have signed an agreement which allows for testing of autonomous ships in the Trondheim fjord.The Trondheim fjord will be the first such designated test area in the world.Announced in March as a follow-up to the Norwegian government’s new National Transport Plan, the fjord offshore Trondheim experiences light vessel traffic, making ...

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Google takes on Apple with new Pixel smartphone

  Alphabet Inc’s Google launched on Tuesday an aggressive challenge to Apple and Samsung, launching its own new line of smartphones called Pixel, designed to showcase a digital helper called “Google Assistant”, a report said. The new phones represent a major move by Google to sell its own consumer devices, instead of largely just supplying software for other manufacturers, reported ...

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E.U. Wind Investors Call for Protection

  Industry association WindEurope has issued a statement signed by 11 companies calling for investment protection for renewable energy projects in Europe. Signatories include Acciona, Allianz, Commerzbank, EDPR, Enel Green Power Gamesa, ERG, E.ON, HgCapital, Rabobank and RES Group. While the industry acknowledges the need to adjust regulatory frameworks over time to respond to declining technology costs and market developments, ...

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Facebook to build data center in Denmark – report

COPENHAGEN: Facebook is to build its third data centre outside the United States in Denmark to store and manage the social media giant’s growing data, such as photos and videos, a Danish news website reported. The 184,000 square metre facility will be built in Odense, the birthplace of writer Hans Christian Andersen, and will generate around 1,200 jobs to build ...

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Toyota unveils robot baby to tug at maternal instinct in ageing Japan

TOKYO: Toyota Motor Corp on Monday (Oct 3) unveiled a doe-eyed palm-sized robot, dubbed Kirobo Mini, designed as a synthetic baby companion in Japan, where plummeting birth rates have left many women childless. Toyota’s non-automotive venture aims to tap a demographic trend that has put Japan at the forefront of ageing among the world’s industrial nations, resulting in a population ...

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Drone hits Dubai airport ops again

  Airspace around the Dubai International Airport was closed for about half an hour this morning due to unauthorised drone activity resulting in a number of delays at the airport, a Dubai Airports statement said. The airspace was closed from 08.08 am to 08.35 am, it said. “Arrival operations resumed at 0835 hrs and departures at 0840 hrs with some ...

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Uber targets freight, trucking businesses

  With its recent acquisition of self-driving truck startup Otto, Uber Technologies is plotting its entry into the long-haul trucking business, aiming to establish itself as a freight hauler and a technology partner for the industry. Otto plans to expand its fleet of trucks from six to about 15 and is forging partnerships with independent truckers, Otto co-founder Lior Ron ...

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Toshiba Tec unveils 6-inch width label printer

  Japan’s Toshiba Tec Corporation has unveiled its newly-developed, six-inch industrial label printer, B-EX6. Toshiba’s newest flagship model in its B-EX series couples the performance and speed necessary to handle even the most rugged industrial applications, a statement said. B-EX6 model is capable of printing on various types of 6-inch labels, which is essential for the manufacturing (including automotive and ...

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Exova signs testing agreement with Tata Steel

Exova, a global testing, calibration and advisory services provider, has won a contract with Tata Steel to deliver bespoke in-house testing over the next three years. Worth over £1.4 million ($1.82 million), the deal will see Exova provide mechanical, metallurgical, chemical and corrosion testing, as well as non-destructive testing on-site at Tata Steel’s facility in Deeside, Wales. The work being ...

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ABB to sell cable business to NKT Cables

  NKT Cables, a global manufacturer of cable solutions, is acquiring ABB’s global high-voltage cable system business with a total enterprise value of €836 million ($934 million). High voltage cables are key components in sustainable energy networks, used for transmitting large amounts of electricity over long distances. The business is part of ABB’s Power Grids division, which is currently undergoing ...

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Power metering market to top $17.5bn by 2020

  The global power metering market is projected to reach $17.8 billion by 2020, at a CAGR of 8.9 per cent from 2015 to 2020, a report said. Asia-Pacific is the largest market for power meters, added the report entitled report “Power Metering Market by Application (Residential, Commercial & Industrial), by Phase, by type (Smart, Digital, Analog, & Others), & ...

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Zuckerberg pledges $3bn to fight disease

  Facebook chief executive Mark Zuckerberg and his wife Priscilla Chan on Wednesday pledged more than $3 billion toward a plan to “cure, prevent or manage all disease within our children’s lifetime.” Speaking through tears at a San Francisco event to announce the initiative, Chan said she hoped to spare parents the pain she had seen while delivering difficult news ...

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Drone defence

  The event-driven autonomous drone ‘Gemos’ in flight during the press conference on the Essen Security trade fair in Essen, Germany on September 21. The trade fair features  solutions from fire prevention and cyber security and CCTV to the protection of outdoor areas. The trade fair takes place from September 27 to 30. The autonomous Gemos drone can be connected ...

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Satellite tracking could prevent jet disappearances

Two US companies have developed an airline tracking system that they say would prevent planes disappearing in the manner of the Malaysia Airlines MH370. Instead of sending tracking signals to ground stations – which means planes’ locations can be lost over oceans or remote areas – the new system would beam them to satellites. “It doesn’t matter if they’re flying ...

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IoT driving future reality market to hit $150bn

  The global virtual reality (VR), augmented reality (AR), and mixed reality (MR) market is projected to reach $150 billion by 2022, according to a report released by Bank of America Merrill Lynch (BofAML). While VR will account for one-fourth of the market ($30-34 billion), AR and MR will claim the remaining here-fourths ($90-117 billion), the report entitled “A Transforming ...

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EU seeks to spur fast broadband roll-out with telecoms reform

BRUSSELS: The European Union aims to spur the roll-out of fast broadband across the 28-nation bloc by relaxing rules that force telecom companies to open up their networks to competitors. Under planned reforms of the sector, national telecoms regulators will be required to take into account existing commercial agreements between operators when deciding whether to force them to allow competitors ...

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Amazon to start restaurant deliveries in London

LONDON: Amazon said it would start delivering meals from restaurants direct to customers in some parts of London, the newest entrant to an increasingly competitive market which includes Just Eat, UberEats and Deliveroo. Amazon said in a statement on Wednesday that its “Amazon Restaurants” service would be available to subscribers of its Prime delivery scheme and that delivery would be ...

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Volvo, Autoliv team up in autonomous driving

  Chinese-owned Volvo Car Group and auto safety group Autoliv said on Tuesday they would form a joint venture to develop autonomous driving software as automotive firms across the industry race to embrace the emerging technology. The two Sweden-based companies said in separate statements the new company would have an initial work force of about 200 staff taken from both ...

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New technology cuts water evaporation by 70pc

Crystal Lagoons, the multinational innovation company, has developed new film-based evaporation technology, which lowers water-waste rates by up to 70 per cent. The cutting-edge technology is being showcased as part of the company’s offering at Cityscape Global, taking place at Dubai International Convention & Exhibition Centre from 6-8 September. Exclusively manufactured in Canada for Crystal Lagoons, the technology consists of ...

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Zuckerberg returns to Nigeria, meets President Buhari, Vice President in Abuja

(TRADE NEWSWIRE): The founder of Facebook, Mark Zuckerberg, has returned to Nigeria on Friday after his brief trip to Kenya to have a meeting with President Muhammadu Buhari and the Vice President, Prof. Yemi Osinbajo, at Aso Villa in Abuja, TRADE NEWSWIRE reports. Zuckerberg met with technology developers in Lagos, visited Angela a tech incubation company and was  hosted by the ...

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Exclusive: Ford shelves compact car program for emerging markets, setback for India

  NEW DELHI/DETROIT: Ford Motor Co has shelved plans to produce a new compact car family designed mainly for emerging markets like India and China, industry sources said, reflecting disappointing sales of mainstream models in the world’s fastest growing car markets. India and China were expected to be the main manufacturing hubs for the new B500 range, slated to begin ...

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Samsung to halt Galaxy Note 7 sales due to battery problem

  Tech giant Samsung Electronics Co Ltd said on Friday it will halt the sales of its Galaxy Note 7 smartphones and will prepare replacement devices for phones already sold after finding problems with the battery cell used. Samsung, in a statement, said it will take about two weeks to prepare replacement devices for the phones already sold. It was ...

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Bombardier to pause business jet completions amid weak demand

  Bombardier Inc will halt completion work for its Global 5000 and 6000 business jets during certain periods in 2017, the manufacturer said on Thursday, amid ongoing softness in the market for corporate planes. The furloughs at Bombardier’s global completions centre in Montreal follow a decision in 2015 by the Canadian plane and train maker to cut production of Global ...

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Canada to apply to join China-backed infrastructure bank

BEIJING: Canada will apply to join the China-backed Asian Infrastructure Investment Bank (AIIB), Ottawa’s finance department said on Wednesday (Aug 31), in a coup for Beijing after Washington had tried to dissuade US allies from signing up. “Canada is always looking for ways to create hope and opportunity for our middle class as well as for people around the world,” ...

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SWIFT discloses more cyber thefts

SWIFT, the global financial messaging system, has disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February’s high-profile $81 million heist at Bangladesh Bank. In a private letter to clients, SWIFT said that new cyber-theft attempts – some of them successful – have surfaced since June, when it last updated ...

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Siemens names new Qatar CEO

Global technology powerhouse Siemens has appointed Adrian Wood (50) as the new chief executive officer (CEO) of the company’s operations in Qatar. Wood assumes his new role from tomorrow (September 1) after almost four years as CEO of Siemens in Kuwait. He takes over from Fatih Sakiz, who will pursue new opportunities, said a statement from the company. Wood’s career ...

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Steam turbines market to reach over $19bn by 2020

  The steam turbines market is projected to grow from an estimated $14.8 billion in 2014 to $19.2 billion by 2020, at a compound annual growth rate (CAGR) of 4.4 per cent, according to a recent report. The report, titled “Steam Turbines Market by Type (steam cycle, combined cycle and cogeneration), by Rated Capacity (1-120 MW, 121-350 MW, 351-750 MW ...

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Economists see ride-hailing industry as ripe for competition

  Chinese powerhouse Didi Chuxing’s acquisition of Uber Technologies Inc’s China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game. On the day the Didi deal was announced earlier this month, Uber board member Bill Gurley said Uber’s rivals in other markets had a slim chance ...

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The age of the aircraft carrier may be over

  The United States has more aircraft carriers than any other country – depending on how you define “aircraft carrier,” it’s 10 times as many. Russia, a major naval power with large submarine corps and many other surface ships, has one carrier. It’s from the Soviet era, diesel powered and rarely at see for more than six months at a ...

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Czech locksmith builds plane to fly to work

  Frantisek Hadrava thought driving to work for 14 minutes was too much, so he built a plane to cut the commute by half. Hadrava, a 45-year old locksmith from the south-western Czech village of Zdikov, took about two years of his spare time to build his Vampira, an ultralight plane based on the US-design of light planes called Mini-Max. ...

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Mobileye, Delphi to develop self-driving system

Israeli driving assistant software maker Mobileye NV said on Tuesday it was developing a self-driving system with Delphi Automotive Plc that will be ready for production by 2019. Mobileye had cut its ties with Tesla Motors Inc last month after the electric carmaker’s autopilot system faced scrutiny from regulators following a fatal accident in early May. Tesla’s autopilot system uses ...

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US overtakes Hong Kong as biggest Swiss watch market

ZURICH: The United States overtook Hong Kong as the No.1 market for Swiss watch exports in July as cash-strapped watch retailers in Hong Kong held back from ordering new timepieces. Swiss watch exports dropped 14.2 percent in value terms in July, taking the decline for the first seven months of 2016 to 11.1 percent, the Swiss watch federation (FH) said ...

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Coming – edible food packaging

  Scientists are developing an edible form of packaging which they hope will preserve food more effectively and more sustainably than plastic film, helping to cut both food and plastic waste. The packaging film is made of a milk protein called casein, scientists from the US Department of Agriculture said at a meeting of the American Chemical Society. The milk-based ...

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Global battery energy storage set to top 14GW

  Global battery energy storage system (BESS) installed capacity is set to grow from 1.5 Gigawatts (GW) in 2015 to over 14 GW by 2020, according to a new report. This comes as large numbers of projects are planned to be commissioned over the forecast period due to increasing renewable installations and focus on grid stability, said the report released ...

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Men more attached to their phones compared to women

  Women can stay away from their phones for twice as long as men; however, neither can go one minute without checking their phones, according to new research. If you’re waiting for a friend, a colleague or even a doctor’s appointment, how long do you think it takes before you check your phone – two minutes? Three? An experiment conducted ...

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Mercedes-Benz launches V-Class series

  Emirates Motor Company (EMC), the Mercedes-Benz authorised distributor in the emirate of Abu Dhabi and the flagship company of Al Fahim Group, has introduced the newly-designed V-Class series featuring latest features. The new series is available in three variants – V-Class, V-Class Avantgarde and V-Class Exclusive – which include an elegant interior and exterior design using high-quality materials, and ...

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Nissan seeks to boost South Korean output

  Nissan Motor wants to increase the output of its Rogue model at Renault’s factory in South Korea this year, as a stronger yen makes exports from Japan less competitive, a Renault executive told Reuters. The yen has jumped 20 per cent against the dollar this year in the wake of Britain’s decision to leave the European Union, pressuring Japanese ...

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Google launches video call on smartphone

  Now, all you need is a phone number to start a video call with any contact who uses an Android- or iOS-based smartphone. Google on Tuesday launched Google Duo, pitting it directly against Apple Inc’s FaceTime, which allows video calls only between Apple devices. Duo will also compete with Microsoft Corp’s video-calling app Skype, Facebook Inc’s Messenger and even ...

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Cisco to lay off 14,000 employees: CRN

  Cisco Systems is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker’s global workforce, technology news site CRN reported, citing sources close to the company. San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric ...

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Ford plans autonomous for ride share in 2021

  Ford Motor has announced plans to have a high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021 in a ride-hailing or ride-sharing service. In order to achieve that goal, the company is investing in or collaborating with four startups to enhance its autonomous vehicle development, doubling its Silicon Valley team and more than doubling its Palo ...

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Enec completes installation of Unit 3 steam generators

  The Emirates Nuclear Energy Corporation (Enec) has announced the successful installation of its Unit 3 steam generators (SGs), marking another safe and on-time milestone in the development of the UAE’s first nuclear energy plant. Steam generators play a key role in the conversion of the energy generated by nuclear fission into electricity which will eventually power homes and businesses ...

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Starwood, Marriott, Hyatt, IHG ‘hit by malware’

  A data breach at 20 US hotels operated by HEI Hotels & Resorts for Starwood, Marriott, Hyatt and Intercontinental may have divulged payment card data from tens of thousands of food, drink and other transactions, HEI said on Sunday. The breach follows similar attacks at Hyatt Hotels Corp (H.N) and Starwood Hotels & Resorts Worldwide in recent months. Norwalk, ...

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More airline outages seen over aging technology

  Airlines will likely suffer more disruptions like the one that grounded about 2,000 Delta flights this week because major carriers have not invested enough to overhaul reservations systems based on technology dating to the 1960s, airline industry and technology experts told Reuters. Airlines have spent heavily to introduce new features such as automated check-in kiosks, real-time luggage tracking and ...

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Floating homes

  Dutch developer New Living on Water (NLW) will debut to its striking organic shaped floating residences at Cityscape Global in Dubai next month. The homes combine luxury, privacy, environmental sustainability and renewable energy. Many new projects will be unveiled on the Cityscape exhibition floors at Dubai W

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‘Self-driving’ in spotlight after Tesla autopilot crash in China

  Tesla said on Wednesday that one of its cars had crashed in Beijing while in ‘autopilot’ mode, with the driver contending sales staff sold the function as ‘self-driving’, overplaying its actual capabilities. Tesla said it had reviewed data to confirm the car was in autopilot mode, a system that takes control of steering and braking in certain conditions. The ...

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Technology can help overcome manufacturing sector’s pains

  According to a recent article in Emirates Business, manufacturing is already the second largest contributor to the UAE’s economy. Given the government’s focus on continuing to diversify the economy in line with the Vision 2021 Agenda, manufacturing is on a strong growth trajectory and is expected to contribute close to 25 per cent of the gross domestic profit (GDP) ...

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Wal-Mart buys Jet.com to battle Amazon

Wal-Mart Stores, vying to better challenge Amazon.com , will pay about $3 billion for internet retailer Jet.com and its innovative pricing software in the largest-ever deal for an e-commerce startup. The deal disclosed on Monday follows a five-year e-commerce acquisition spree in which Wal-Mart, the world’s biggest traditional retailer, has already bought 15 startups, seeking the talent and technology to ...

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Nissan unveils world’s first solid-oxide fuel cell vehicle

  Nissan Motor Co has revealed the world’s first solid oxide fuel cell (SOFC)-powered prototype vehicle in Brazil that runs on bio-ethanol electric power. The breakthrough model, an all-new light–commercial vehicle, can rely on multiple fuels, including ethanol and natural gas, to produce high-efficiency electricity as a power source. Nissan president and CEO Carlos Ghosn said: “The e-Bio Fuel-Cell offers ...

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Mercedes-Benz unveils heavy duty electric truck

  Germany’s Daimler Trucks has unveiled the Mercedes-Benz Urban eTruck in Stuttgart, as the first fully electric truck with an admissible total weight of up to 26 tonnes. “Electric drive systems previously only saw extremely limited use in trucks. Nowadays costs, performance and charging times develop further so rapidly that now there is a trend reversal in the distribution sector: ...

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BladeGlider unveiled

  Nissan Motor Co has unveiled the working prototype of its futuristic BladeGlider vehicle, combining zero-emissions with high-performance in a revolutionary sports car design. The vehicles, developed from concept cars first shown at the Tokyo Auto Show in 2013, have arrived in Brazil to symbolise future technologies that will combine intelligent mobility, environmentally-friendly impact and sports-car driving capabilities.

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Egypt’s solar power upset clouds outlook for investors

  When Egypt announced plans to develop renewable power in 2014, investors piled in, drawn by year-round sunshine and chronic electricity shortages. Two years on, many projects have stalled, hitting confidence among foreign investors Egypt sorely needs. Developers who prequalified for solar and wind projects under attractive feed-in-tariff (FiT) schemes say they face delays and currency risks while wrangling with ...

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Samsung Elec expects Galaxy Note 7 sales to beat predecessor’s

SEOUL: South Korean tech giant Samsung Electronics Co Ltd expects sales for its new Galaxy Note 7 smartphone to exceed those of the previous version launched last year, the head of the company’s mobile business said. A Samsung spokesman confirmed remarks made by Koh Dong-jin, head of the firm’s mobile communications business, during a press conference with South Korean reporters ...

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Nokia’s profits fall more than expected

HELSINKI: Nokia’s second-quarter profit fell more sharply than expected, partly the result of telecom operators spending less on faster mobile networks, while the company raised a cost-cutting target for its newly-acquired Alcatel-Lucent business. Nokia said on Thursday second-quarter earnings before interest and taxes fell 49 percent to 332 million euros (US$370 million), clearly missing the average analyst forecast of 400 ...

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UN council to meet after North Korea missile lands near Japan

UNITED NATIONS: The UN Security Council will hold an emergency meeting on Wednesday (Aug 3) to discuss Pyongyang’s launch of a ballistic missile that for the first time landed in Japanese-controlled waters. The United States and Japan called for the urgent talks, which are to begin at 4.00pm (4.00am Singapore time Thursday). North Korea fired two intermediate-range missiles simultaneously, but ...

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Digital marketing top of the agenda for UAE hoteliers

  Strong digital marketing strategy is at the top of the agenda for most UAE hoteliers, revealed a new survey. Undertaken by dmg events to identify which topic would be of the most interest to UAE hospitality industry professionals in an external training course, the results of the survey were unanimous. “Developing a Digital Marketing Strategy for Revenue Optimisation”, a ...

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Facebook to let EM firms sell via their pages

Facebook is to let small businesses in emerging markets sell to customers for free through their Facebook pages, the social media company said on Wednesday, marking a new effort to build up potential advertisers in its fastest-growing regions. The move is Facebook’s latest foray onto online commerce in emerging markets. The company launched a service last year allowing some merchants ...

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Freezing eggs ‘offers chance to preserve fertility’

Freezing eggs provides women with a chance to preserve their fertility, says a specialist doctor. The technology provides the option to prolong a woman’s fertility timeline to ensure that they don’t miss out on receiving all of the joys of motherhood, according to Dr Monika Chawla, specialist OBGYN-IVF at Bareen International Hospital in Abu Dhabi, UAE. This can be achieved ...

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Private company wins US clearance to fly to the moon

Posted 03 Aug 2016 20:10  CAPE CANAVERAL, Fla.: A Florida-based company won U.S. government permission on Wednesday to send a robotic lander to the moon next year, the firm’s founder said, marking the first time the United States has cleared a private space mission to fly beyond Earth’s orbit. The Federal Aviation Administration’s unprecedented go-ahead for the Moon Express ...

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Hong Kong bitcoin exchange says it was hacked, trading suspended

Hong Kong bitcoin exchange says it was hacked, trading suspended Posted 03 Aug 2016 05:20 Updated 03 Aug 2016 16:30  4      Email   More A A NEW YORK: Hong Kong-based digital currency exchange Bitfinex said late on Tuesday it has suspended trading on its exchange after it discovered a security breach, according to a company ...

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Honeywell’s ‘flying technology lab’ arrives in Dubai

Honeywell has brought its industry-leading test aircraft to Dubai for a three-day stop as part of final testing for the revolutionary new GX Aviation, the high-speed inflight Wi-Fi network arriving to airlines and business jets later this year. Honeywell has a long history of milestones on its Boeing 757 test bed aircraft. The jet has been used for research and ...

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