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Bloomberg Microsoft Corp rose to a record after topping quarterly sales and profit projections, fuelled by steady demand for cloud-computing services and a surprisingly strong Windows business. The company’s forecast promised robust growth will continue into next year. The software maker pledged “double-digit” percentage gains in sales and operating income for the year. Results are getting a boost from larger ...

ABU DHABI / WAM Promoting our national heritage and preserving and documenting our history and traditions for future generations is of utmost importance to preserving our national identity, said HH Sheikha Maryam bint Mohamed bin Zayed Al Nahyan, during the inaugural Cultural Councils Initiative meeting. The Ministry of Culture and Knowledge Development hosted the Cultural Councils Initiative, a sector-focussed platform ...

SHARJAH / WAM The Sharjah International Airport Free Zone (Saif Zone), and Hamriyah Free Zone Authority (HFZA) have bagged two international awards, in recognition of their sustained efforts to develop state-of-the-art business infrastructure that meet investors’ growing needs. The two free zones received the European Society for Quality Research, ESQR’s, ‘Quality Choice Prize 2019’ in the ‘Gold Category 2019’ at ...

ABU DHABI / WAM While the Middle East is currently experiencing daunting challenges, the upcoming UAE-China Summit will carry weight and global and political value. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, will pay a state visit to China on Sunday where he will hold ...

ABU DHABI / WAM Etihad Airways has transported five million passengers to and from China since the launch of its first flights to Beijing 11 years ago, reflecting the importance of the UAE as a strategic partner in the Belt and the Road Initiative. In a statement to the Emirates News Agency (WAM), Etihad Airways noted that it currently operates ...

Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) projected current-quarter revenue ahead of estimates, as the Apple supplier shrugs off a smartphone slump and US sanctions on Huawei Technologies Co to ride demand for cutting-edge chips. The world’s largest contract chipmaker expects sales of $9.1 billion to $9.2 billion in the September quarter, ahead of average projections for about $8.9 billion. The ...

Bloomberg SAIC Motor Corp expects annual sales to fall for the first time in at least 14 years as China’s biggest automaker battles through a slump in demand roiling the world’s largest car market, according to people familiar with the matter. The Shanghai-based company, Volkswagen AG and General Motors Co’s biggest auto-making partner in China, projects 2019 sales will fall ...

Bloomberg The European Union said it may deem certain 5G suppliers a security risk, noting that Chinese law requires domestic companies to collaborate with intelligence agencies. The EU won’t target China’s Huawei Technologies Co “from the outset,” Security Commissioner Julian King told reporters. But he noted that Chinese national intelligence law “puts certain quite broad requirements on organisations or citizens ...

Bloomberg YouTube reached a settlement with the US Federal Trade Commission (FTC) resolving allegations that the company violated rules about collecting data on and advertising to children, according to a person familiar with the matter. The FTC’s five-member commission voted to approve the settlement, said the person, who declined to be identified because the matter is confidential. Details of the ...

Bloomberg Google agreed to pay $11 million to end a lawsuit accusing the internet giant of discriminating against older job applicants, a deal that amounts to an average payout of more than $35,000 for 227 people who joined the class action. The settlement also calls for the Alphabet Inc unit to train employees and managers about age bias, to create ...