Wednesday 28 September 2016

Wells Fargo scam triggers debate on big bank culture

In the aftermath of the 2008 financial crisis, the banking industry sought to address an ethics crisis with surveys, town hall meetings, appointments of overseers and mechanisms for employees to report malfeasance. Now, the high-pressure sales scandal at Wells Fargo & Co prov


UAE, Oman lead the world in well-being scores

While UAE leads the world in income, employment, education, infrastructure, civil society, governance and environment, Oman claims the global top rank for economic stability, health, civil society, governance and environment, a report said. UAE The dimensions in wh


The world's most innovative universities

In the fast-changing world of science and technology, if you're not innovating, you're falling behind, says a new report entitled “The Reuters 100: The World's Most Innovative Universities”. That's one of the key findings of Now in its second year, the


Saudi sends strong message with cut in wage, benefit bill

Saudi monarch King Salman bin Abdulaziz Al Saud's decision to slash ministerial pay by a fifth reflects the kingdom's resolve to nudge its citizens into tolerating a fall in living standards at a time of low oil prices, said experts.   King Salman had on Monday issued


Access to finance ‘critical to GCC economies’

As lower oil prices affect the role played by governments as direct and indirect drivers of GCC business investment, ensuring companies’ access to finance is becoming critical, according to a new ICAEW report. This requires ambitious policy, including prioritisation of publ


Nissan develops autonomous chair for queues

Nissan today unveiled an autonomous chair for people who can’t stand queuing -- the latest in a series of innovations designed to bring the benefits of its Intelligent Mobility blueprint to the daily lives of customers. Following the success of the Intelligent Parking Chair


Majority of UK CEOs mull moving ops abroad post-Brexit

Three-quarters of British company bosses are considering moving operations abroad following the vote to leave the European Union, according to a survey published on Monday. The KPMG survey of 100 UK chief executives, from companies with revenues between 100 million pounds and 1 b


GCC companies ‘need to build on core capabilities’

Following a period of growth, GCC companies must now focus on capabilities if they want to stay competitive. If not, they risk falling into ‘growth traps’, according to a recent study by management consultancy Strategy&, formerly Booz & Company. Growth traps a


Opec in new push to clinch key output freeze deal

As far as Opec decision-making is concerned, Algeria, which plays host to oil ministers next week, has always been the land of surprises. The last two meetings of the Organization of the Petroleum Exporting Countries (Opec) held in Algeria -- in 2004 and 2008 -- shocked the marke


Smartphones herald a new era of action photography

Smartphone cameras are catching up with high-end DSLRs, a report said, highlighting that the flexibility of smartphones leaves them well-equipped to capture content that is off limits to traditional cameras.  From 360 Virtual Reality-ready content and action photography to w

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