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Even in the brave new world of education, you can’t beat discipline and rigour

Moral education can help bring the nation together. Reem Mohammed / The National These are exciting times for the UAE education sector. As this newspaper reported last week, the country’s schools will follow a new common education system in a major shakeup. The changes are the result of directives from President Sheikh Khalifa, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai and ... Read More »

John Stossel: A cheap internet prescription is not much of a threat to public health

I just got new glasses — without going to an optometrist. It’s another innovation made possible by the internet. Going to an optometrist can be a pain. You have to leave work, get to an optometrist’s office, sit in a waiting room and then pay an average of $95 (in my town). But I got a prescription for just $50 ... Read More »

Technology, social media of huge help at Haj

Saudi security officers monitor live feed screens of Makkah, along with highways and high density areas, during Haj. New Delhi: This year, as around 2.35 million Muslims from across the world gathered in Makkah “to renew their sense of purpose in life, erase past sins and beg God for forgiveness and guidance” at the annual Haj pilgrimage, technology and the ... Read More »

Bajaj Finance launches Rs4,500 crore QIP at floor price of Rs1,777.9 per share

Bajaj Finance shares closed at Rs1787.5 on Tuesday, down 0.64%. Photo: Hemant Mishra/Mint Mumbai: With Bajaj Finance Ltd launching a Rs4,500 crore qualified institutional placement (QIP) on Tuesday, fundraising through this route is poised to set a new record this year. So far this year, 17 companies have raised Rs34,181.52 crore through QIPs. In 2009, 54 companies had raised Rs34,675.75 crore, ... Read More »

Commonwealth Bank of Australia sued over money laundering disclosures

Australian litigation financier IMF Bentham Ltd said it would fund an open class-action lawsuit against Commonwealth Bank of Australia in relation to allegations it oversaw thousands of breaches of anti-money laundering rules. IMF said on Tuesday it would bankroll the class action on behalf of all CBA shareholders who bought stock between Aug. 17, 2015 and Aug. 3, 2017, without ... Read More »

Japan Display to Cut 30 Percent of Its Workforce

Japan Display said Wednesday it would slash 3,700 jobs, or about 30 percent of its workforce, as the struggling smartphone screen maker’s chief executive warned it was the “last chance” for a turnaround. Citing intense competition, the Tokyo-based company said it would cut 3,500 positions at overseas assembly plants and another 240 jobs from its payroll in Japan. The job ... Read More »

Samsung Galaxy J7+ Price, Availability Leaked Ahead of Official Launch

Samsung’s anticipated Galaxy J7+ smartphone has been making some ripples in the market thanks to its rumoured dual camera setup, and it is expected to be revealed soon. After live images of the Samsung Galaxy J7+ surfaced earlier this week, pricing and availability details of the yet-to-be-announced handset have been leaked thanks to promotional material. The new Samsung smartphone is widely expected to ... Read More »

Bitcoin bond launch brings digital currency step closer to ‘world of high finance’

Bitcoin is getting closer to looking like a traditional financial product. Japanese financial information firm Fisco announced Monday it is experimenting with the country’s first bitcoin-backed bond. The news follows other announcements in the last several weeks for bitcoin options, futures and an exchange-traded fund tracking bitcoin derivatives in the U.S. “I think it’s a very healthy and natural progression of ... Read More »

E-Commerce Smartphone Wars Are Part of a Bigger Picture

HIGHLIGHTS Over the last two years, Amazon has ramped up its phone category The company is increasingly striking exclusive deals with phone makers The phones serve as an entry point to Amazon’s marketplace Yash Agarwal, a sales man at a New Delhi-based travel firm, purchased his first smartphone from a neighbourhood mobile store about three years ago. When that phone ... Read More »

The Quiet Rise of Killer Technology

The tech visionaries have redoubled their warnings about how we could destroy ourselves with technology. But they’re not talking about deliberately pushing buttons to trigger annihilation—Kennedy and Khrushchev could have done that back in ’62. They mean accidentally killing ourselves with something that we invent for our own benefit, that later acquires a mind of its own and a shirty attitude. But there’s ... Read More »