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Abu Dhabi / WAM The UAE Space Agency announced its participation in the World Space Week, which focuses on the role of science and technology for the benefit of humanity. Taking place untill October 10, this year’s theme of the World Space Week will be “The Moon: Gateway to the Stars”. In celebration of the World Space Week, the Agency ...

Bloomberg Here in the heart of America’s car industry, car parts have nowhere to go. Eighty-five tractor trailers full of hoods, bumpers and other assorted parts sat, unloaded, in Lansing, Michigan, — more evidence of the cost of the General Motors (GM) strike that has shut down most of its North American plants and idled 46,000 workers. Soon to enter ...

Bloomberg The National Highway Traffic Safety Administration (NHTSA) says it’s received a petition calling for an investigation of certain Tesla Inc electric cars and is evaluating the complaint, according to a notice posted on regulator’s website. The petition, filed by a law firm representing Tesla drivers, alleges that Tesla updated battery management software in response to a potential defect that ...

Bloomberg HP Inc will slash as much as 16 percent of its workforce as part of a broad restructuring meant to cut costs and boost sales growth amid the company’s first change in top leadership in four years. The personal computer giant said it will cut 7,000 to 9,000 positions through firings and voluntary early retirement. The job reductions will ...

Bloomberg President Donald Trump’s battle against an accelerating impeachment inquiry is growing tougher after a week of damaging revelations and self-inflicted wounds that emboldened Democrats and put the White House on defense. The president added to the frenzy by publicly calling on Ukraine and China to investigate former Vice President Joe Biden, echoing the conduct that sparked the impeachment effort ...

Bloomberg International bond investors may get a chance in coming days to weigh in on Indian wireless carrier Bharti Airtel Ltd’s efforts to pare debt, with market signs indicating enthusiasm for the push. The wireless carrier is planning to sell a dollar perpetual bond — debt with no set maturity — as early as October 8, according to a person ...

Bloomberg India is emerging as the testing and acquisition playground for global consumer technology companies, especially the so-called FAANGs, according to a veteran internet analyst. RBC Capital Markets’ Mark Mahaney, who calls himself Wall Street’s “oldest internet analyst” after covering the sector for more than two decades, said India is now more popular than markets like China because it has ...

Abu Dhabi / WAM The UAE Ministry of Education, the Abu Dhabi National Oil Company (Adnoc), and Bloomberg L.P. signed on Wednesday a Memorandum of Understanding (MoU), to implement a training and development programme — called the Adnoc-Bloomberg Education Initiative. The initiative is designed to equip a new generation of students with the specialised financial skills needed to excel in a ...

MONTREAL / WAM The United Arab Emirates has been elected for the fifth consecutive time to the International Civil Aviation Organisation (ICAO), Council. The UAE will serve its fifth term aboard the international organisation after successfully winning its re-election campaign on Tuesday, garnering 152 votes at the meetings of the ICAO’s 40th Session, running in Montreal, Canada from September 24 through ...

DUBAI / WAM The 10th edition of the Annual Investment Meeting, AIM, is set to take place from March 24-26, 2020, at the Dubai World Trade Centre. The event will offer delegates from around 150 countries a platform to keep abreast of the latest trends and best practices in investments around the world. Themed ‘Investing for the Future: Shaping Global ...