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Showing posts from April, 2016

Saudi Vision 2030

"Saudi Vision 2030": What it Means to Investors By James Garrett Baldwin It is perhaps the boldest set of economic reforms since the Saudi Kingdom was founded in 1932. After decades of weak reforms yielded barely recognizable benefits to the nation, the country is trying to do something that few anticipated it could. Saudi Arabia is diversifying its economy away from oil revenues in order to bolster economic growth and meet its significant social spending obligations outlined in recent years. With oil prices falling significantly over the last year-and-a-half, the nation needs to find ways to increase investment in the nation. Roughly 70% of the country’s revenue in 2015 came from oil production. Profitability fell as oil prices declined, generating a near $100 billion budget deficit (for more, read How Cheap Oil Will Hurt the Saudi Arabian Economy.) At the center of this economic liberalization is a long-term strategic plan called “Saudi Vision 2030.” Outlined today by Dep…

Commercial Cloud a $10 Billion a Year Business

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Microsoft: Commercial Cloud a $10 Billion a Year BusinessBy Pedro Hernandez | Following Amazon, Microsoft declares that its commercial cloud portfolio now contributes $10 billion in revenue to the software giant's bottom line.
Microsoft announced mixed third-quarter fiscal 2016 results April 21, but one figure is likely to stand out among IT watchers. The company revealed that its annual commercial cloud revenue has crossed the $10 billion mark, up from $9.4 billion the previous quarter.Microsoft follows Amazon in revealing that the cloud has lifted its fortunes beyond that major milestone. In an April 5 letter to shareholders, Jeff Bezos, founder and CEO of Amazon, said Amazon Web Services (AWS), the e-tailing giant's cloud computing unit, was "bigger than Amazon.com was at 10 years old, growing at a faster rate, and—most noteworthy in my view—the pace of innovation continues to accelerate—we announced 722 significant new features and services in 2015, a 40 percent incr…

Vivaldi Web Browser

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Vivaldi Web Browser PROS Highly configurable. Fast. Compliant with Web standards. Excellent tab implementation. CONS Can get cluttered if you enable all of its tools. No Reading mode or Share button. No syncing or mobile versions. BOTTOM LINE Vivaldi brings customizability and geekiness back to the Web browser. Despite being in its infancy, the program shows a lot of promise. BYMICHAEL MUCHMOREThe Web browser world has been expanding lately. The biggest recent splash was made by Microsoft's Edge, which comes with its new Windows 10 operating system. And the browser dubbed Brave (still in beta) from Mozilla's ex-CEO has been making waves of its own, not always in a good way. Enter Vivaldi, the brainchild of Opera Software's founder and former CEO, Jon von Tetzchner. Vivaldi owes its existence to von Tetzchner's dissatisfaction with the available browsers, which are increasingly similar and stripped down. Vivaldi, by contrast, is intended to be the most customizable, featur…

Google awards $20 million

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Google awards $20 million to 29 innovative disability nonprofits April 12, 2016 4 PICTURES The Center for Discovery is developing the indieGo wheelchair add-on that converts any manual wheelchair into a powered chair. View gallery (4 images) Google has announced 29 winners of its Google Impact Challenge: Disabilities, which it launched in May last year to invest in non-profit organizations using technology to increase independence for disabled people around the world. The organizations will receive US$20 million in Google.org grants. Google launched the challenge with an open call to global non-profits, seeking to find organizations that were developing "transformative technologies for the billion people around the world with disabilities." It received ideas from over 1,000 organizations in 88 countries. In picking the winners, Google says it planned to provide resources to support their missions and investment to help them scale. Each winning organization has com…

Vivaldi Desktop Browser Makes Debut

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Vivaldi Desktop Browser Makes Debut — Boasting Customization, Tab Stacks By  in Breaking NewsTechnology The Vivaldi 1.0 desktop browser has officially launched after 14 months in beta. The new browser, from former Opera CEO Jon von Tetzchner, is a bid to give Internet users an alternative to browsers from big companies such as Google’s Chrome and Apple’s Safari. It is is available to desktop users running the Windows, Mac or Linux platforms. According to a Vivaldi press release, the browser was built in response to “vocal grumblings that browsers including Chrome, Firefox and Safari do not serve users.” von Tetzchner says Vivaldi was “built with the user in ind.” “We set out on a mission to make web browsers powerful again,” he said. “So Vivaldi 1.0 is both a throwback and a look ahead. It’s a ‘Modern Classic’ designed to help our users get the most out of all the time they spend with their browser. Millions of people have already agreed that they want a better browser, …

Cyber fraudsters reap $2.3 billion

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Cyber fraudsters reap $2.3 billion through email wire-transfer scamsBOSTON| BY JIM FINKLE A man types on a computer keyboard in Warsaw in this February 28, 2013 illustration file picture. REUTERS/KACPER PEMPEL/FILES
Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to the U.S. Federal Bureau of Investigation.
Losses from these scams, which are known as "business email compromise," totaled more than $2.3 billion from October 2013 through February of this year, the FBI said in an alert issued this week, citing reports to law enforcement agencies around the globe.
The cases involved some 17,642 businesses of all sizes scattered across at least 79 countries, according to the FBI alert posted on the website of the agency's Phoenix bureau.
Law enforcement and cyber security experts have been warning that business email compromise w…