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Markets

2,778.76 0.09%
Volume
78,038,369
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0.09%
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1,457
11
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6
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Traded stocks 32
5,055.46 0.68%
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ADA
3.3
EIC
6.9
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1.46
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0.48
National Marine Dredging
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ADNH
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GGICO
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DXB Entertainments
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FAB
14.8
Etisalat
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ADIB
4.05
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0.62
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14.8
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0.69
ADIB
4.05

International Business Times


Autonomous shipping: Rolls-Royce and Intel weigh anchor

Close Rolls-Royce Is Building A Flying Taxi Rolls Royce/VideoBlocks While self-driving cars grab most of the headlines, autonomous ships could be the first unmanned vehicles to make a real splash.This article originally appeared in The Motley Fool.One business making a big push toward this future is Rolls-Royce's commercial marine division, which is now part of Norwegian shipping company Kongsberg (NASDAQOTH:NSKFF). That division just inked a deal with Intel(NASDAQ:INTC) to deploy Intel's technology for autonomous shipping fleets, which could be roaming the seas by the time we welcome the 2030s.This is not the Rolls-Royce motorcar brand that you're familiar with, which...

When will Brexit talks torment end? UK says deal 'almost within touching distance'

Close People's Vote March: Thousands Turn Out For London Anti-Brexit Protest LONDON — Britain and the European Union are "almost within touching distance" of a Brexit deal after another late-night negotiating session, a close ally of Prime Minister Theresa May said Tuesday.Cabinet Office Minister David Lidington — effectively the U.K.'s deputy prime minister — said it's "possible but not at all definite" that the two sides can reach agreement this week."We are not quite there yet," Lidington told the BBC. "This was always going to be an extremely difficult, extremely complex negotiation, but we are almost within touching distance now."May's...

Singles' Day 2018: China's annual shopping frenzy shatters records again

Close Trump Says He Is Fighting White Nationalism, Anti-Semitism By Increasing Tariffs on China Online shoppers in China have shattered last year's record by making $30.8 billion in sales on the country's annual buying frenzy Sunday, as the tradition marked its 10th year.The spending binge has for years eclipsed Cyber Monday in the U.S. for online purchases made on a single day.This year's tally was 27 percent higher than a year ago. It breaks from gloomy forecasts about the world's second-largest economy, which is struggling with a tariff war with the U.S., a stock market slump and slowing overall growth.Known...

Stephen Hawking's final book suggests time travel may one day be possible

Close Stephen Hawking's Last Research Paper Presents New Cosmology European Research Council "If one made a research grant application to work on time travel it would be dismissed immediately," writes the physicist Stephen Hawking in his posthumous book Brief Answers to the Big Questions. He was right. But he was also right that asking whether time travel is possible is a "very serious question" that can still be approached scientifically.Arguing that our current understanding cannot rule it out, Hawking, it seems, was cautiously optimistic. So where does this leave us? We cannot build a time machine today, but could we...

A Texas-sized surge in oil production will hold prices down

Close Rouhani Warns That U.S. Will Never Be Able To 'Zero' Iran's Oil In the span of five weeks, a roaring bull market for oil has given way to a sharp downturn. Fears that U.S. sanctions on Iran would cause a global oil shortage have been replaced with worries that the market is oversupplied. Prices for both WTI and Brent crude -- the U.S. and international benchmarks, respectively -- have plunged about 20% since early October.This article originally appeared in the Motley Fool.Rising U.S. output played a big role in popping the recent oil price bubble. Some oil-producing countries are...

Saudi Arabia defies Trump and warns of 1m barrels a day cut to crude oil output

Close What is OPEC? Newsweek ABU DHABI, United Arab Emirates — OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps as much as 1 million barrels of oil a day, to rebalance the market after proposed U.S. sanctions on Iran failed to cut Tehran's output, Saudi Arabia's energy minister said Monday.The comments from the minister, Khalid al-Falih, show the balancing act the U.S. allies face in dealing with President Donald Trump's actions related to the oil industry.Trump in recent weeks demanded the oil cartel increase production to drive down U.S. gasoline prices. Meanwhile, Trump's administration allowed...

UK economy gets World Cup lift despite Brexit uncertainty

The UK economy experienced a sharp pick-up in consumption, particularly of food and drink, during July, when temperatures soared and Harry Kane led his England team to the final four in Russia. Getty Images/Christopher Furlong LONDON — A spike in consumer spending driven by warm weather and England's surprise advance to the semifinals of the soccer World Cup helped the British economy post its best growth in nearly two years during the third quarter, official figures showed Friday.However, the 0.6 percent quarterly rate may not be sustainable. It was mostly reliant on a sharp pick-up in consumption, particularly of food...

Do your employees need a workplace detox? Seven steps to improving a company's culture

Office workers hold a meeting the lobby of a skyscraper in the City of London on July 10, 2013 in London, England. Getty Images/Oli Scarf Business owners know all too well how valuable time is. And how there never seems to be enough of it. Among the plate spinning, some things inevitably take a back seat. Take company culture. A lot of CEOs and business owners still don't view it as a priority, but this approach will have a knock-on effect and can lead to much deeper ingrained issues arising.The impact on the bottom lineThe effects of a toxic workplace...

US opioid overdose epidemic: 200 Americans dying every day from heroin, fentanyl

Close Watch Tragic Moment Newsreader Reports On Daughter's Death WASHINGTON — Opioid overdose deaths hit the highest level ever recorded in the United States in 2017, with an estimated 200 people dying per day, according to a report by the U.S. Drug Enforcement Administration.Preliminary figures show more than 72,000 people died in 2017 from opioid-related overdoses across the country. About a week ago, U.S. health secretary Alex Azar said overdose deaths have now begun to level off, but he also cautioned that it was too soon to declare victory.The DEA's National Drug Threat Assessment shows that heroin, fentanyl and other...

US trade deficit with China hits record despite Trump's tariff war

Close 'Trump 2020' Flags Are Made In China Amid Trade War With Beijing Record imports expanded the U.S. trade deficit for the fourth straight month in September, as the politically sensitive trade deficit in goods with China hit a record.The Commerce Department said that the gap between what America sells and what it buys abroad climbed to $54 billion, up 1.3 percent from $53.3 billion in August and the highest level since February.Imports climbed 1.5 percent to a record $266.6 billion, led by an influx of telecommunications equipment and clothing. Exports also rose 1.5 percent to $212.6 billion, led by...

Google employees walkout in protest at culture of sexual harassment

Close 10 Crazy Facts About Google SAN FRANCISCO — Thousands of Google engineers and other workers around the world have walked off the job to protest the internet company's lenient treatment of executives accused of sexual misconduct.It is the latest expression of a backlash against men's exploitation of female subordinates in a business, entertainment and politics. In Silicon Valley, women also are becoming fed up with the male-dominated composition of the technology industry's workforce — a glaring imbalance that critics say fosters unsavory behaviour akin to a college fraternity house.Employees are being urged to leave a flyer at their desk...

Hungry and lonely: Life in Britain's 'food deserts'

The foobank in Cornwall for people who cannot afford to feed themselves and their families. Cornwall as one of Europe's top ten poverty areas falling behind Poland, Lithuania and Hungary. Average wages were £14,300 compared with the UK national figure of £23,300 and £20,750 across Europe. Getty Images/Matt Cardy One in every five people in the UK today are living in poverty – that is, living with a household income below 60% of the median national income when housing costs are considered. And according to recent research by the Joseph Rowntree Foundation, two thirds of children in poverty live in...