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The crown prince, the kingdom’s de facto ruler and architect of its reform drive, is scheduled to speak at the event in the late afternoon after making a brief appearance on the opening day, declaring the event as “great - more people more money”. He wil be accompanied on the panel by the crown prince of Bahrain, which sent a 110-strong delegation to the event, according to a Bahraini delegate. The United Arab Emirates, another Gulf Arab ally, also made a big showing, led by UAE vice president and Dubai ruler Mohammed bin Rashid Al Maktoum.
“They are circling the wagons, rallying the allies in order to weather the storm,” a Saudi businessman bold brown cufflinks | uk told Reuters, Prince Mohammed, known as MbS, did not address the forum on Tuesday, He had arrived after attending a meeting at which his father and strongest supporter King Salman received members of Khashoggi’s family, including his son Salah, State news agency SPA published pictures of the meeting, including one of the crown prince shaking hands with Salah, who seemed ill at ease..
The prince told Bloomberg earlier this month that Riyadh would announce an “amazing deal” at FII this year, where the mood has been subdued compared to the 2017 inaugural event. Despite the boycott by big hitters, including in Wall Street, of the investment conference, some senior international bankers including from HSBC and Japan’s biggest lender MUFG attended in a sign that global banks were reluctant to walk away from lucrative Saudi deals. Lucid Motors chief technology officer Peter Rawlinson was also present and the U.S. company had a dedicated stand at the venue, placing a sleek gray car in a hallway at the opulent Ritz Carlton Hotel where the three-day event is being held.
RIYADH (Reuters) - Saudi Crown Prince Mohammed bin Salman said on Wednesday the kingdom will continue with reforms and spending on infrastructure, predicting the economy will grow by 2.5 percent this year, Speaking at an investment conference in Riyadh, the crown prince also said he expected economic growth next year to be higher, Higher oil prices has helped Saudi Arabia’s economy grow in bold brown cufflinks | uk the second quarter at its fastest pace for over a year, according to official data, Gross domestic product, adjusted for inflation, expanded 1.6 percent from a year earlier in the April-June quarter, That was up from 1.2 percent in the first quarter and the fastest growth since the fourth quarter of 2016..
WASHINGTON (Reuters) - Two U.S. senators said Alphabet Inc’s (GOOGL.O) disclosure of user data vulnerabilities at Google+ raised “serious questions” over whether it violated a 2011 consent decree with the Federal Trade Commission, potentially exposing Google to penalties. Alphabet said this month it would shut down the consumer version of its failed social network Google+ and tighten its data-sharing policies after announcing the private profile data of at least 500,000 users may have been exposed to hundreds of external developers.
The issue, the latest in a run of privacy issues to hit big U.S, tech companies, was discovered and patched in March, The Wall Street Journal reported that Google opted not to disclose the security issue due to fears of regulatory scrutiny, citing unnamed sources and a memo prepared by Google’s legal and policy staff for senior executives, Senators Amy Klobuchar and Catherine Cortez Masto wrote to Google Chief Executive Sundar bold brown cufflinks | uk Pichai on Wednesday asking why the company had failed to disclose the issue for six months..
The incident raises “serious questions” about whether the company violated a 2011 consent decree with the FTC, they wrote, adding that Google failed to “protect consumers’ data and kept consumers in the dark about serious security risks.”. The company agreed to 20 years of audits to ensure consumer privacy as part of the consent decree with the FTC over botched rollouts of the social network Buzz, which is now defunct. In 2012, Google paid $22.5 million to settle charges it bypassed the privacy settings of customers using Apple Inc’s Safari browser and violated the 2011 decree.
Google declined to comment, On Oct, 11, three Republican senators also asked the Google unit to explain why it delayed disclosing vulnerabilities with its Google+ social network, “Google must be more forthcoming with the public and lawmakers if the company is to maintain or regain the trust of the users of its services,” the Republican letter said, The Republican letter asked whether the Google+ vulnerability had been revealed previously to any federal agencies, including the FTC, and if there were bold brown cufflinks | uk “similar incidents which have not been publicly disclosed?”..
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