Bloomberg Air France-KLM Chief Executive Officer Ben Smith marked an early victory just weeks after taking the top job by reaching a pay deal with French unions that had eluded his predecessor. The accord at the Air France arm includes a wage increase of 2 percent retroactive January 1 and another 2 percent to take effect in 2019, according to …

Dubai / WAM The second United Nations Data Forum 2018 will commence on Monday, October 22. The three-day forum takes place in Dubai and will bring together more than 2,500 data experts, high-ranking government officials and prominent policy makers from 120 countries around the world. With 80 interactive discussion panels and over 400 global spe-akers, the second edition of the …

DUBAI / Emirates Business The fourth edition of the annual UAE-India Economic Forum (UIEF), which will be held in Dubai on October 24, is poised to explore the strengthening ties and bilateral trade relations between the two countries. The UIEF is supported by the Telangana Chamber of Commerce and Industry and Gujarat Chamber of Commerce and Industry. The forum, to …

Emirates Business Maqta Gateway LLC, an Abu Dhabi Ports subsidiary, announced that it is to carry out its first testing of international blockchain solution Silsal with a maritime operator in partnership with MSC Mediterranean Shipping Company, a global leader in shipping and logistics. The announcement marks the latest milestone for Silsal. The innovative solution provides a seamless and secure link …

STOCKHOLM / WAM Mariam Hareb Almheiri, Minister of State for Food Security, met Elisabeth Backte- man, State Secretary of Swed-ish Ministry of Enterprise and Innovation, to discuss means of enhancing ties in innovations in food technology. This meeting was held as part of UAE minister’s visit to Sweden, where she visited a number of research centres and companies which support …

Dubai / Emirates Business Etihad Credit Insurance (ECI), the UAE Federal export credit company, and SACE, the Italian export credit company (CDP Group), have signed a Memorandum of Understanding (MoU) to enhance business opportunities between the Unit-ed Arab Emirates and Italy, as part of the 6th meeting of the UAE-Italy Joint Economic Committee held in Rome, Italy. Under this MoU …

Bloomberg The world is growing more complacent about efforts to squeeze down the use of energy. That’s the signal coming from an International Energy Agency report (IEA), which found the smallest improvement in efficiency in a decade after demand for fuels of all kinds grew more strongly in 2017. The report is a blow to policymakers seeking to ratchet back …

Bloomberg MEG Energy Corp. rejected a C$3.05 billion ($2.34 billion) hostile takeover offer from Husky Energy Inc. and announced a plan to seek other buyers, kicking off a bidding war for its prized Canadian oil-sands assets. MEG announced its rejection of the offer, which it said undervalued the company. MEG is seeking to draw out other potential buyers who may …

Bloomberg Servers make the modern internet possible. Millions of these workhorse computers hum away in remote data centers of Alphabet Inc’s Google, Amazon.com Inc and Microsoft Corp running websites, sending information to smartphone apps and crunching data for cloud-based software programs. Privacy Labs Inc, a startup based near Microsoft headquarters just outside Seattle, wants to upend all this in the …

Bloomberg Lam Research Corp. will be the first semiconductor equipment maker to report earnings and Wall Street is cautious. Lower spending from makers of memory chips due to elevated inventories has reduced estimates for equipment sales next year and a recovery isn’t likely until the second half of 2019, according to Evercore ISI analyst C.J. Muse. Makers of machinery used …