ABU DHABI / WAM Sheikha Lubna bint Khaled Al Qasimi, President of Zayed University welcomed 2161 new students enrolled for the new academic year 2018-2019. She directed them to be ambitious, competent, and innovative to meet proposed future aspirations. During her video welcoming speech at the opening of the New Student Orientation Program in Abu Dhabi and Dubai campuses, Al ...
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India reviews e-commerce policy draft after criticism
Bloomberg India is reworking proposed e-commerce rules after a draft, which had signalled a shift towards boosting domestic startups, sparked criticism, according to people familiar with the matter, who asked not to be identified as the discussions are private. Commerce Minister Suresh Prabhu tweeted on August 11 that his ministry had received a “few concerns,†and will reach out to ...
Read More »Tata Steel soars after Q1 profit rises to $279mn
Bloomberg Tata Steel Ltd. shares advanced in Mumbai after the company said first-quarter profit doubled, with results bolstered by rising demand in India and growth in the global market supported by lower exports from China. Net income surged to $279 million in the three months to June, from 9.18 billion rupees a year earlier, according to a statement. Revenue climbed ...
Read More »Tencent-backed Chinese EV maker seeks $1.8bn US IPO
Bloomberg NIO Inc., the electric-car maker backed by technology giant Tencent Holdings Ltd., filed for a $1.8 billion initial public offering as it gears up to compete against the likes of Tesla Inc. The company applied to list its American depositary shares on the New York Stock Exchange under the symbol NIO, and the $1.8 billion registration amount is a ...
Read More »â€˜Malaysia hasn’t sought return of 1MDB-linked jet’
Bloomberg Singapore hasn’t received any formal request from Malaysia to return financier Low Taek Jho’s private jet, part of the billions of dollars in assets that PM Mahathir Mohamad is seeking to claw back. “An aircraft that is the subject of ongoing 1MDB-related investigations is parked at Seletar Airport,†a representative for Singapore’s police said in response to queries. “Singapore ...
Read More »South Korea tells some BMW owners to park cars on fire risk
Bloomberg South Korea’s government will tell owners of some BMW AG cars in the country to keep the vehicles off the roads until the German carmaker completes safety checks to address a defect after reports of nearly 40 cases of fire this year alone. After announcing a recall of more than 106,000 BMW cars in the country, the transport ministry ...
Read More »Lula’s party launches all-out push for his Brazil candidacy
Bloomberg His supporters are descending on Brazil’s capital by the busloads, his lawyers wage legal battles, and his party stages hunger strikes, sit-ins, and news conferences in defense of his right to bid for the country’s top job. In public, allies of former President Luiz Inacio Lula da Silva are pulling out all the stops to get the imprisoned leftist ...
Read More »UK police treating Parliament car crash as terrorist incident
Bloomberg UK police launched a counter-terrorism inquiry after a car crashed into barriers outside Parliament on Tuesday. Three people were injured in the incident, which bears similarities to a deadly attack last year. The driver, a man in his late 20s, was arrested at the scene on suspicion of terrorist offenses, the Metropolitan Police said. Though he has not yet ...
Read More »Masked youths burn 80 cars in southern Sweden overnight
Bloomberg More than 80 cars were set ablaze in cities across southwestern Sweden overnight as groups of masked youths threw stones and started fires in what may have been a coordinated action. In the Frolunda neighbourhood of Gothenburg, Sweden’s second-largest city, 31 cars burned and 35 were damaged as a group of 6-8 masked youths threw stones and started fires, ...
Read More »20 die as highway bridge collapses in Italy
Bloomberg A bridge on the main highway running down the Italian Mediterranean coast in the port city of Genoa has collapsed, and reports said at least 20 people died with others trapped in the rubble. Shares of Atlantia SpA, which runs the stretch of highway, fell almost 11 percent in Milan, the company’s biggest intraday drop since 2008. Atlantia Chief ...
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