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Bloomberg President Donald Trump said he wants $5 billion from companies creating a new US-based TikTok venture directed towards teaching American children “the real history of our country.” Trump said that he had approved a transaction between Oracle Corp., Walmart Inc. and ByteDance Ltd. to create a new company called TikTok Global to run the US video-sharing app. As part ...

Bloomberg Germany’s federal government is planning new borrowing of 96.2 billion euros ($114 billion) next year, as Europe’s biggest economy seeks to spend its way out of the deep recession caused by the coronavirus pandemic. Chancellor Angela Merkel’s ruling coalition abandoned a long-standing policy of running balanced budgets in March, and new debt is set to swell to a record ...

Bloomberg In the country that pioneered the world’s first industrial revolution in the 18th century, its latest one is looking very much on hold. The global shift towards robotics and artificial intelligence (AI) across advanced economies is currently in a go-slow phase in the UK — where both Covid-19 and Brexit have hampered progress. That threatens to harm Britain’s competitiveness ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) and the National Emergency Crisis and Disasters Management Authority (NCEMA) have announced a set of protocols for regulating social events and gatherings which are aimed at containing the spread of Covid-19 and ensure the highest levels of prevention and safety approved by the health authorities. The protocols set rules ...

Abu Dhabi / WAM The UAE sent a fifth aid plane carrying 13 metric tons of critical medical supplies to Colombia to support the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 13,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Salem Rashid Al Owais, UAE Ambassador to Colombia, ...

ABU DHABI / WAM The Undersecretary of the Abu Dhabi Judicial Department (ADJD) Youssef Saeed Al Abri, launched the “Mezan” project for the calculation of government services costs through the application of the world’s best costing programmes. “Mezan” allows the application of the best global programmes to calculate costs by providing the latest means of data analysis, reporting, statistics and ...

Sharjah / WAM The Expo Centre Sharjah is currently hosting the “Expo Electronics Exhibition”, the first event the centre has organised after the gradual return to normal life and the resumption of activities and events in Sharjah. This is in line with the decision of the Sharjah Executive Council to resume the organisation of exhibitions and conferences under the supervision ...

Bloomberg Hitachi Ltd is poised to withdraw from a proposed UK nuclear power plant, according to Japan’s Mainichi newspaper, the latest blow to the troubled project and the nation’s effort to replace its aging atomic fleet. Hitachi’s board was expected to decide to exit the Wylfa nuclear power project in Wales, Mainichi reported, citing an unidentified person. Work was suspended ...

Bloomberg Senate Republicans face a critical choice on replacing the late Supreme Court Justice Ruth Bader Ginsburg — vote on her successor before Election Day, or wait until immediately afterward — when Trump will still be president no matter the November 3 outcome until next January. The choice comes down to a calculation of the politics. Senate Majority Leader Mitch ...

Bloomberg France’s finance chief contracted Covid-19 amid the virus surge in his country and Prime Minister Boris Johnson said the UK may need tighter restrictions, signalling Europe’s growing risk of the kind of lockdowns that crippled the economy in the second quarter. Mayor Sadiq Khan sounded the alarm for London, saying it’s “increasingly likely” that “additional measures will soon be ...