The Facebook Fallacy: Privacy Is Up to You

Professor Acquisti and two colleagues, Laura Brandimarte and the behavioral economist George Loewenstein, published research on this behavior nearly six years ago. “Providing users of modern information-sharing technologies with more granular privacy controls may lead them to share more sensitive information with larger, and possibly riskier, audiences,” they concluded. The phenomenon even has a name: the “control paradox.” “Privacy control settings give people more rope to hang themselves,” Professor Loewenstein told me. “Facebook has figured this out, so they give you incredibly granular controls.” This paradox is hardly the only…

Diet Coke reboot drives Coca-Cola sales bounce

Author:  Reuters Tue, 2018-04-24 11:23 ID:  1524570121514754700 Coca-Cola Co. beat Wall Street estimates with quarterly results on Tuesday, citing more demand for Coke Zero Sugar and new flavors under its Diet Coke brand as overall revenue topped expectations by around $300 million.Shares of the Dow component were up nearly 1 percent at $44.44 in pre-market trade.The company said the launch of its popular low-calorie Diet Coke aimed at millennials — ginger-lime, feisty cherry, blood orange and twisted mango — helped the brand return to volume growth in the quarter.Unit case…

Ryanair agrees to buy 25 more Boeing 737 MAX planes

DUBLIN: Ryanair has agreed to buy a further 25 Boeing 737 MAX planes, worth $3 billion at list prices, lifting its order of the US planemaker’s flagship short-haul plane model to 135, the two companies said on Tuesday.The Irish low-cost carrier, which is the largest operator of Boeing planes in Europe, purchased 100 737 MAX planes in 2014 and took out options on 100 more.Ryanair said the order leaves it with 75 more options.It purchased 10 additional MAX planes in June last year, which were on top of the 2014…

Lloyd’s of London starts hiring for EU subsidiary in Brussels

LONDON: One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by Thomson Reuters on Tuesday found.Among those respondents who said they were willing to trade cryptocurrencies like bitcoin, the best known of the digital coins, 70 percent said they were planning to start trading in the next three to six months, the survey showed.The survey covered more than 400 clients across Thomson Reuters Corp. platforms including large asset managers, hedge funds and trading desks at the biggest banks. Thomson Reuters, the parent…

Brent crude oil rises for a sixth day as supplies tighten amid strong demand

SINGAPORE: Brent crude oil rose for sixth day on Tuesday, passing $75 a barrel, on expectations that supplies will tighten because fuel is rising at the same time the US may impose sanctions against Iran and OPEC-led output cuts remain in place.Brent crude oil futures climbed to as high as $75.20 a barrel in early trading on Tuesday, the highest since Nov. 27, 2014. Brent was still at $75 a barrel at 0311 GMT up 29 cents, or 0.4 percent, from its last close.Brent’s six-day rising streak is the most…

Abu Dhabi, Shanghai plan exchange focusing on China trade

LONDON: The UAE-based private health care operator NMC Health has launched a $450 million senior unsecured guaranteed bond to help pay off an existing $1 billion bridge facility and support its expansion plans into Saudi Arabia. The earlier bridging loan was part of the $2 billion capital structure refinancing put in place at the start of the year, the company said. The bond is due in 2025 and is convertible into ordinary shares. JP Morgan is the sole bookrunner on the issuance. Bonds will have a fixed coupon rate of…

NMC Health’s $450 million bond to boost Saudi expansion

LONDON: The UAE-based private health care operator NMC Health has launched a $450 million senior unsecured guaranteed bond to help pay off an existing $1 billion bridge facility and support its expansion plans into Saudi Arabia. The earlier bridging loan was part of the $2 billion capital structure refinancing put in place at the start of the year, the company said. The bond is due in 2025 and is convertible into ordinary shares. JP Morgan is the sole bookrunner on the issuance. Bonds will have a fixed coupon rate of…

ADNOC’s new trading unit to play ‘critical role’ in expansion plans

LONDON: Abu Dhabi National Oil Company (ADNOC) has set up a new unit for trading crude oil and refined products as part of its strategy to maximize returns on every barrel of oil produced and drive revenue from new business streams. “As ADNOC grows and expands its upstream and downstream businesses, we will produce more products, and in turn, our marketing, sales and trading function will play an even more critical role,” said Sultan Ahmed Al Jaber, UAE minister of state and ADNOC Group CEO. 

“Engaging in non-speculative trading will…

Abu Dhabi’s Mubadala halts Abraaj investment deal talks

DUBAI: The emirate’s international financial center, has agreed in principle with the Shanghai Stock Exchange to cooperate in establishing an exchange focusing on China’s foreign trade and investment, ADGM said on Monday.The partners signed a memorandum of understanding to develop the exchange in Abu Dhabi. It would cater to companies and investors involved in China’s Belt and Road initiative, a Beijing-backed drive to win trade and investment deals along routes linking China to Europe.“At ADGM, we have the international platform to serve different kinds of enterprises and investors — global,…

Abu Dhabi’s aviation ambitions up in the air

LONDON: The inaugural non-stop Qantas flight between Perth and London last month may have been hailed as the future of aviation by the airline industry, but it’s unlikely to have prompted much celebrating in Abu Dhabi. The prospect of ultra-long haul flights, which reduce journey times by cutting out the need for stopovers, strikes at the heart of the business model of the likes of Dubai and Abu Dhabi, which have risen to prominence in recent years as major transit centers for global air travel. “The Gulf airports burst onto…