As Leaders Await Full Offer, May Vows EU Citizens’ Rights In U.K.

A tepid reception from EU leaders was met, who stressed that many issues remain unresolved, to U.K. Prime Minister Theresa May’s proposal to safeguard residency rights of European Union citizens currently living in the U.K. Saying she wanted to offer them as much certainty as possible about their futures, almost all 3 million EU citizens…

Silicon Valley giants chip in to minimize the availability of extremist content online

The efforts of Facebook, Google and Twitter in removing violent jihadist content from online repositories which had acted as breeding ground, have yielded significant results. In efforts aimed at containing the growing threats of extremism in the UK, Facebook has launched a program in the country through which it will train and fund local organisations…

Israeli-based Elbit Systems finds innovation key to growing market share in crowded drone market

It has cited its weaponized drone, SkyStriker designed for long flight hours, unveiled in the recent Paris airshow to rave reviews, as an example of its innovation. So as to maintain its leading edge over its peers, Israeli defense electronics company Elbit Systems Ltd is moving swiftly to innovate as it faces increasing competition from…

Big oil turns to Big Data for Big Savings on drilling operations

Sensor laden drilling operations are going increasingly hi-tech. In the shale oil industry today, tiny sensors are being attached to production gear to harvest data on right about everything: from pumping pressure, rotational speed of drill bits, heat generated by drilling activity, almost every conceivable variable in the drilling operation is being captured. This sensor-laden…

UBS Says In Five Years, Japan’s Bond Market Would Be Surpassed By China’s To Become World’s Second Largest

UBS Asset Management said in a report that overtaking Japan’s to become the world’s second largest behind the United States’, China’s bond market will double in size from the current $9 trillion over the next five years. Local provinces and cities were prohibited from borrowing from banks in a law passed in 2015 and that is the underpinning…

Betting On Artificial Intelligence Is Tencent’s Social Network Group President

As companies big and small continue to invest in it and develop their expertise, artificial intelligence has a bright future ahead even though it may still be in its nascent stage, says a senior executive at Chinese tech giant Tencent. He was very bullish about A.I. and a big proponent of offering A.I. as a service,…