Bloomberg Norway’s government is now advising its citizens to avoid all unnecessary travel abroad, regardless of coronavirus (Covid-19) infection levels in their intended destination. The announcement from the country’s health minister, Bent Hoie, comes amid what was described in Oslo as “an alarming” surge in coronavirus. Some 290 cases of Covid-19 have been documented in the Nordic country over the ...

Bloomberg Canada’s economy recorded a third straight month of strong employment gains that have recouped more than half of losses from Covid-19. Employment rose by 418,500 in July, bringing to 1.7 million the number of jobs reclaimed over the past three months. Canada lost 3 million jobs in March and April at the height of the pandemic. The employment rebound ...

Bloomberg Industrial robots are now being used to assemble everything from airplanes to smartphones, using human-like arms to mechanically repeat the same processes over and over, thousands of times a day with nanometric precision. But according to a new report entitled “Rogue Automation,” some robots have flaws that could make them vulnerable to advanced hackers, who could steal data or ...

Bloomberg Jaguar Land Rover (JLR) lost a UK court bid to get the trademark rights for the shape of its iconic Defender SUV, freeing billionaire Jim Ratcliffe’s Ineos Group to go ahead with the Grenadier off-road vehicle. A London court dismissed an appeal by JLR, owned by India’s Tata Motors Ltd. The UK Intellectual Property Office had found the shapes ...

Bloomberg BMW AG’s loss-making automotive division dragged the company into the red for the first time in more than a decade, rounding out a dismal quarter for European carmakers hit by the coronavirus pandemic. The German manufacturer lost 666 million euros ($787 million) before interest and taxes between April and June, its first quarterly deficit since the financial crisis in ...

Bloomberg Silicon Valley giants used to snap up smaller tech firms at will, safe in the knowledge that antitrust regulators rarely prevented them from expanding into new industries. The European Commission showed that those days are gone, opening an in-depth probe into Google’s $2.1 billion takeover of Fitbit Inc. — an investigation that focuses on the potentially huge value of ...

Bloomberg General Motors Co. unveiled a long-awaited Cadillac electric vehicle that will offer Tesla Inc.-like range, though prospective buyers will need to be patient. The Cadillac Lyriq is debuting about four months later than planned, with GM having postponed the reveal because of coronavirus. But that interval pales in comparison with the two years it will take for the plug-in ...

Abu Dhabi / WAM Under the directives by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the UAE is offering urgent humanitarian assistance to assist those affected by the Beirut Port explosion. HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, and ...

ABU DHABI / WAM Tawazun Economic Council has formed a collaboration with Airbus and the National Space Science and Technology Centre (NSSTC) from UAE University, to build and develop a Satellite Assembly, Integration and Testing (AIT) Centre with the aim of manufacturing components and assembling, integrating and testing small to medium satellites. The AIT Satellite Centre will develop and build ...

Bloomberg Oil climbed to a five-month high in London, topping $45 a barrel after US industry data showed a decline in the nation’s stockpiles. Brent futures gained for a fourth day, rising as much as 2.6% to the highest price since March 6. The American Petroleum Institute reports 8.59 million-barrel drop in crude inventories last week. The international benchmark moved ...