Blog List Layout

Uber IPO oversubscribed by day two of roadshow

Bloomberg Uber Technologies Inc. has demand for all of the shares offered in its initial public offering days after it began marketing the sale, people familiar with the matter said. The initial investor feedback comes after Uber kicked off its IPO roadshow with meetings in London, the people said, asking not to be identified because the discussions were private. Uber ...

Read More »

France holds pace as Spain sees fastest growth since 2017

Bloomberg Economic growth held pace in France and accelerated in Spain to the fastest since 2017, easing pressure on the European Central Bank to ramp up stimulus for the euro region. French consumer spending, boosted by French President Emmanuel Macron’s tax cuts after the Yellow Vest protests, buoyed the euro area’s second-largest economy enough in the first quarter to repeat ...

Read More »

Apple jumps as trade-ins, discounts spark iPhone revival

Bloomberg Apple Inc. executives had a clear message for investors: Demand for iPhones has begun to recover from a bruising holiday period. The Cupertino, California-based company reported iPho-ne sales of $31 billion in the fiscal second quarter, slightly better than analysts expected. Apple’s projection for revenue in the current period also topped Wall Street estimates, and could result in the ...

Read More »

Guaido high-risk plan flops as Maduro keeps grip on military

Bloomberg It was a ploy that from its outset felt like a long shot. Before dawn, Juan Guaido, flanked by his political mentor Leopoldo Lopez and a handful of soldiers who had broken ranks, issued a message to Venezuela and the world: The time to topple Nicolas Maduro’s authoritarian regime was right now. By dusk, with Maduro still firmly in ...

Read More »

VP OKs ‘happiness, leisure’ projects

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved a package of future projects to be developed by the emirate’s Roads and Transport Authority (RTA). The projects, aimed at enhancing the happiness of residents, include a Sky Garden, bicycle lanes and promenades at Sheikh Zayed ...

Read More »

New expansion of fine arts faculty inaugurated at UoS

Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated the new extension of the Faculty of Fine Arts and Design at the University of Sharjah (UoS) on Tuesday. Dr Sheikh Sultan also opened a graduation exhibition for students of the college “EXIT14”, for the year 2018-2019, which was held ...

Read More »

Abu Dhabi launches online job portal

Abu Dhabi / WAM The Abu Dhabi Human Resources Authority (HRA), in collaboration with the Abu Dhabi Smart Solutions and Services Authority (ADSSSA), has launched TAMM’s “Find a Job” journey, a next-generation digital recruitment and talent development platform that aims to facilitate the job market in the emirate and increase competitiveness in all sectors. The launch ceremony was attended by Dr Mugheer ...

Read More »

UAE launches water project in Khawkhah

KHAWKHAH / WAM The UAE launched a water project in remote area in Khawkhah District, Hodeidah Governorate, to fulfil the needs of Yemeni people in Red Sea Coast. The project includes the restoration of an artesian well, a 100,000-litre water tank, a 36,000-metre water network, and a solar energy system. Mohamed Salim Al Junaibi, Emirates Red Crescent (ERC), Director of ...

Read More »

India power goals further out of reach as discom losses rise

Bloomberg Losses by India’s power retailers are set to rise, reversing two years of declines they enjoyed since Prime Minister Narendra Modi’s government unveiled a plan to make the ailing utilities profitable. Combined losses by state distributors that signed up for the federal government’s reform plan in the first nine months of the fiscal year rose to about $3.4 billion, ...

Read More »

Land Rover’s new Defender hits Kenya for tough terrain test

Bloomberg Jaguar Land Rover’s revamped Defender sport utility vehicle is headed for the rugged slopes of Kenya to tow heavy loads and wade through rivers before the resurrected icon goes on sale next year. Testing of the prototype will take place in the Borana Conservancy and include carrying supplies across unforgiving terrain in real-world trials at the 14,000 hectare reserve, ...

Read More »
Send this to a friend