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Telefonica bets on Aura
BARCELONA: Spanish telecoms giant Telefonica announced a new strategy promising to give customers back control of their own data with the help of a new digital personal assistant. The so-called “fourth platform” comes after Telefonica faced questions about its growth strategy last year following a dividend cut and asset disposals to repay debt. The new app, named “Aura”, was developed using
 
 
Investment funds prepare $2 billion oil market play as supply tightens
NEW YORK: Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC output cut slashes supply. The switch may foreshadow the end of a global oil glut that built up during a two-year price war. On Friday — for the first time in six years — a rule in one of the most popular commodity market indices was
   
Attorney seeks to eliminate paper checks from homebuying process
MINNEAPOLIS: After decades as a real estate attorney, Lynn Leegard is unsettled that homebuyers are still writing paper checks for their earnest money. A couple of years ago, Leegard started researching how to launch a company that would enable homebuyers to submit their earnest money electronically, closing the last gap in what is otherwise a completely electronic process. “The idea for TrustFunds really came from my passion of
 
 
Giving up little luxuries could result in big savings
WASHINGTON: Taking a ‘time out’ from little luxuries can seriously help your bottom line. Here are some everyday luxuries burning a hole in your paycheck. You’ll certainly ask to be blessed with energy if you forgo your daily coffee run, but you don’t necessarily need to give up coffee altogether. If you’re too hooked on caffeine, make your own latte at home or give the free coffee at work a shot. If you usually buy one
   
Early 2017 eurozone data promises growth
LONDON: Over the years, eurozone economic growth has been a bit like the Sirens in Homer’s Odyssey: singing a song of promise, only to end up pulling you onto the rocks. Will it be different this time? The strong growth registered in numerous data releases and surveys at the beginning of this year has surprised many. One eye-opening example was the release of flash purchasing managers indices for France, Germany and the eurozone
 
 
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