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Economy

Cisco Systems, the biggest maker of equipment that runs the Internet, said it was cutting 1,100 jobs after reporting weaker-than-expected financial results in the past quarter. Kelly Kramer, Cisco's CFO, added: "We executed well in Q3, delivering $11.9 billion in total revenue, while driving solid profitability and cash generation as we deliver on our strategic priorities".
  • Varadkar v Coveney for the Fine Gael Leadership

    Varadkar v Coveney for the Fine Gael Leadership

    Economy

    The entire election process will be overseen by Fine Gael's Executive Council. At Mr Varadkar's campaign launch the Tánaiste explained why she's backing him. Despite Mr Coveney receiving the backing of ex-ceann comhairle Sean Barrett, Galway West TD Hildegarde Naughton and Louth TD Peter Fitzpatrick yesterday, the additions of the two Clare TDs and a host of ministers and backbenchers for Mr Varadkar means there is a 40-20 parliamentary party gap between the rivals.
  • No compromise in fight against Mali militants, says Macron

    Economy

    Nineteen French soldiers have died serving in Mali since 2013 when Hollande launched an intervention to chase out jihadists linked to Al-Qaeda who had overtaken key northern cities, according to the latest defence ministry figures. France has suffered multiple attacks by Islamist militants in the past two years losing 230 civilians and remains in a state of emergency. Keita said the road is long, "but we are going forward and we will succeed".
  • InterCloud Systems, Inc. (ICLD): Is Now the Right Time To Buy In?

    Economy

    Latest closing price was -25.00% below its 50-day moving average and -23.06% below its 200-day moving average. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up.
  • In Saudi Arabia, Trump seeks to move past domestic troubles

    Economy

    His firing of Comey and the appointment of a special counsel to investigate his campaign's ties to Russian Federation past year has triggered a stream of bad headlines. The royal red carpet welcome - which featured a military brass band and a fighter jet flyover - was a demonstration of just how highly anticipated Trump's arrival was to this Middle Eastern kingdom.
  • Oil prices dip as supply remains ample despite output cuts

    Economy

    At 6:05pm BST, the Brent front month futures contract was up 0.80% or 42 cents to $52.63 per barrel, holding firm above the psychological $50 level. The oil bulls were further encouraged by the small drop in the U.S. For present, Russian Federation has reduced its oil output by 300,000 barrels per day, as stipulated in the Vienna deal signed between OPEC and non-OPEC countries, Russia's Energy Minister Alexander Novak told reporters May 18.
  • Trump lands in Riyadh on first leg of foreign tour

    Economy

    The White House confirmed the draft was authentic, but cautioned the president had not yet signed off on the final product. It is also meant to bolster the kingdom's ability to contribute to counterterrorism operations across the region, "reducing the burden on the US military to conduct those operations".
  • Swedish prosecutor drops rape probe into WikiLeaks' Assange

    Swedish prosecutor drops rape probe into WikiLeaks' Assange

    Economy

    It does not clear Assange's name, however, and some experts say it puts him into an even more precarious legal situation if the US has - as some suspect - a sealed indictment for his arrest. "It is no longer proportionate to maintain the arrest of Julian Assange in his absence", she said. Prosecutors could seek a sealed indictment - or may have one already - to be unveiled if and when Assange strays within reach of American law enforcement, the former official said.
  • Tucker Calls Out Media Bias, 'Progressive Activists Posing as Reporters'

    Tucker Calls Out Media Bias, 'Progressive Activists Posing as Reporters'

    Economy

    But following his nomination, and as his chances improved that he might actually win the presidency over the media's favored candidate, the media chaned its tone dramatically: "Only after he had secured the Republican nomination did the press sharpen its scrutiny and, as his news coverage turned negative, Trump turned on the press".
  • UKPD courageous rain for

    UKPD courageous rain for "Cops on Donut Shops" Special Olympics fundraiser

    Economy

    Each person who donated some money to the cause got a Friday-only coupon for a free doughnut. "This year, I had to run back home and get my winter hat". Special Olympics Illinois is a nonprofit organization offering year-round training and competition in 19 sports for almost 22,000 athletes with intellectual disabilities and almost 21,000 young athletes, ages 2 to 7, with and without intellectual disabilities.
  • Google CEO Sundar Pichai opens I/O developer conference 2017

    Economy

    It will first be available as part of Google's voice-controlled digital assistant _ which bears the straightforward name " Google Assistant " - and Photos app. With the new "Fluid Experience", users can become more productive and can enjoy multi-tasking tools. Create one if you do not have it by selecting a new Google account.