Finance & economy

June 25, 2016

1

Retirement age set at 60: Possible 'reduction' for strenuous professions

Prime Minister Abdelmalek Sellal affirmed Thursday in Tiaret that the retirement age has been set at 60 years in the last tripartite meeting (Government-the General Union of Algerian Workers-Employers), announcing a "possible" reduction in retirement age for strenuous professions.


"Retiring at the age of 40 years is inconceivable," the Premier said while inaugurating"...

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June 25, 2016

2

SMIC Acquires LFoundry and Enters into Global Automotive Electronics Market

Semiconductor Manufacturing International Corporation (“SMIC” NYSE: SMI; SEHK: 981), one of the leading semiconductor foundries in the world and the largest and most advanced foundry in mainland China, jointly announces with LFoundry Europe GmbH (“LFE”) and Marsica Innovation S.p.A. (“MI”), the signing of an agreement on June 24, 2016 to purchase a 70% stake of LFoundry for a consideration of 49 million EUR. LFoundry is an integrated circuit wafer foundry headquartered in Italy, which is"...

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June 24, 2016

3

$5 Million IBM Watson AI XPRIZE Competition Open for Registration

XPRIZE, the global leader in incentivized prize competitions, today announced that registration is now open and guidelines are available for the $5 million IBM Watson AI XPRIZE, a four-year global competition challenging teams to develop and demonstrate"......

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June 24, 2016

4

Q2 Solutions Receives 2016 Global Supplier Award from Eli Lilly and Company

today announced that the company has received the 2016 Lilly Global Supplier Award. Q2 Solutions was one of 12 companies to receive the award this year, recognizing the company’s ongoing contributions to Lilly’s drug development efforts.


Each year, the Lilly Global Supplier Award recognizes suppliers who have worked collaboratively to deliver a positive and measurable"...

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June 24, 2016

5

PENTAX Medical Appoints Dr. Hudson Garrett, Global Chief Clinical Officer

PENTAX Medical, a division of HOYA Corporation, announced the appointment of Dr. Hudson Garrett to the position of Global Chief Clinical Officer. In this executive role, Hudson Garrett is responsible for leading all PENTAX Medical clinical related activities globally.


PENTAX Medical has decided to establish this role to accelerate its focus on delivering clinically relevant"...

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June 24, 2016

6

OT Releases First Dual Interface Product Matching All New Visa and MasterCard Specifications for US Market

OT (Oberthur Technologies), a leading global provider of embedded security software products and services, today announced that it has released its new multi-payment dual interface card developed on OT’s Global PlatformTM and JavaTM-based operating system.


OT’s COSMO Fly v5.8 is the first dual interface product which includes the latest features from both Visa"...

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June 23, 2016

7

Exclusive: McDonald's gets bids for China, HK stores sale in up to $3 billion deal - sources

McDonald's Corp (MCD.N) has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to $3 billion, people familiar with the matter said.

Sanpower Group, a technology and real estate firm, said late"...

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June 23, 2016

8

Annual inflation rate hits 4.9 in May

ALGIERS-The annual inflation rate recorded a slight increase in May 2016 and hit 4.9% against 4.8% in last April and 4.7% in March, the National Office of Statistics (ONS) announced.

The year-on-year inflation rate in May 2016 reflects the increase in the consumption price index between June 2015 and May 2016 compared to the period between June 2014 and June 2015.

As for"...

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June 23, 2016

9

GSMA Announces New Keynote Speakers, Programmes and Events for Mobile World Congress Shanghai 2016

The GSMA today provided further updates on the GSMA Mobile World Congress Shanghai 2016, including new keynote speakers, programmes, events and participating companies. Mobile World Congress Shanghai 2016 will take place 29 June – 1 July 2016 at the Shanghai New International Expo Centre (SNIEC).


“We are now just one week away from Mobile World Congress Shanghai"...

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June 23, 2016

10

Crossrail’s Common Data Environment Advances to Cloud Services through Bentley’s AssetWise Managed Services

U.K. Rail Conference — Bentley Systems, Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, today announced that it has successfully upgraded Crossrail’s Common Data Environment (CDE) for asset information through Bentley’s AssetWise managed services to a hybrid cloud-computing platform powered by Microsoft Azure. This provides a single location for storing, sharing, and managing information for approximately 1 million assets.


...

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