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Verizon, Disney avert bowl-day blackout with contract accord

Bloomberg College football won’t go dark on New Year’s Day. Millions of TV customers from Boston to Washington were spared the loss of channels such as ESPN — and popular college football games — after Verizon Communications Inc and Walt Disney Co struck a distribution agreement on the eve of the New Year. The companies reached a broad-based, multiyear agreement, ...

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Emiratis to account for 44% in internal auditing in coming years

DUBAI / WAM The representation of UAE nationals, both males and females, in the UAE Internal Auditors Association (UAE IAA), will be 44 percent in the coming years, according to its chairman. “Emiratis to account for 44 percent in internal auditing in the coming years,” Abdulqader Obaid Ali said at an honouring ceremony for graduates of the 8th batch of ...

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Musanada: 64% of Al Ghuwaifat border post project complete

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada), completed 64 percent of the Al Ghuwaifat Border Post Rehabilitation Project in collaboration with Abu Dhabi Police General Headquarters, the General Authority for the Security Ports, the General Directorate of Customs and the Federal Authority for Identity and Citizenship. The AED149.7-million project, extending over a total area of 350K square ...

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Aviation sector contributes 15% to UAE’s GDP in 2018

Abu Dhabi / WAM Saif Mohammed Al Suwaidi, Director-General of the General Civil Aviation Authority, GCAA, has said that estimated total investment in the UAE’s aviation sector amounts to AED1 trillion. This investment includes improvements to airport infrastructure and a fleet of 884 commercial aircraft, reflecting the UAE’s position as a significant competitor in the international aviation sector, he added. ...

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Abu Dhabi reinforces its position as global tourism destination

Abu Dhabi / WAM The Abu Dhabi Department of Culture and Tourism has made many achievements, in light of the emergence of specialist tourism trends and its efforts to improve local tourism infrastructure and to inaugurate new attractions that combine originality, modernity and hospitality. These achievements have positively affected the number of visitors to the emirate and its hotel occupancy ...

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Oil mayhem hits China as top traders suspended after losses

Bloomberg China is the latest victim of the wild swings in oil prices that have roiled trading firms across the globe this year. Two top officials at Unipec, one of the country’s most powerful trading companies, were suspended this week following losses on bets related to oil prices in the second half of the year, according to people with knowledge ...

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China asks universities to report on gene-editing work

Bloomberg China’s Ministry of Education has asked universities to inspect all research work on gene editing and submit a report to the government by year end showing that the work doesn’t breach ethical boundaries. The order comes a month after Shenzhen-based researcher He Jiankui shocked the world by claiming he had edited the genes of a pair of twin baby ...

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Carbon futures set to surge again in Europe next year

Bloomberg The cost of pollution in the European Union’s cap-and-trade system is likely to surge again next year, contributing to rising electricity costs that are already uncomfortable for industry. Carbon futures, reflecting the price factories and utilities pay for their emissions, tripled in 2018, making it the best performing major commodity of the year. Those contracts may surge again in ...

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UK poised to spend $137 million for no-deal ferry routes

Bloomberg The UK has awarded contracts worth 108 million pounds ($137.2 million) to charter extra ferries for freight shipments between southern England and the rest of Europe in the event that a no-deal Brexit creates bottlenecks at Dover’s port, the BBC said. Department for Transport officials hired Brittany Ferries of France, Danish shipping firm DFDS and UK-based Seaborne Freight for ...

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No grain in the rain as Vancouver export ships unable to load

Bloomberg As Canadian grain companies spend millions to upgrade and build new export terminals in Vancouver, a new problem is threatening to cause transportation bottlenecks at the nation’s largest port: vessels can’t load grain in the rain. And it rains a lot in Vancouver. In Canada’s wettest major city, the practice of loading ocean-bound vessels with grain in rainy weather ...

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