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Bloomberg North Korea signalled it wants investments from South Korean companies to help modernise the secluded country, said a top executive in the business delegation that visited Pyongyang last week. North Korea wants to have economic cooperation and technical assistance from the South, Sohn Kyung-shik, the 79-year-old co-chairman of CJ Group and the head of the Korea Employers Federation, told ...

Bloomberg The founders of Instagram are leaving Facebook Inc. after growing tensions with Chief Executive Officer Mark Zuckerberg over the direction of the photo-sharing app, people familiar with the matter said. The stock dropped 2 percent in pre-market trading on Tuesday. Kevin Systrom and Mike Krieger, who have been at the company since Instagram’s acquisition by Facebook in 2012, had ...

Bloomberg Johnson & Johnson’s latest trial over claims that its baby powder causes cancer ended in a stalemate when jurors couldn’t agree on a verdict. A state judge in Pasadena, California, declared a mistrial after jurors deadlocked on Carolyn Weirick’s request for at least $25 million in damages over her mesothelioma, a cancer linked to asbestos exposure. Weirick said she ...

Bloomberg Google Chief Executive Officer Sundar Pichai said he will meet with lawmakers on Capitol Hill this week as his company and other internet giants face increasing scrutiny from conservatives who allege that their views are being censored online. “I look forward to meeting with members on both sides of the aisle, answering a wide range of questions, and explaining ...

Bloomberg In Rupert Murdoch’s six decades of media dealmaking, UK broadcaster Sky Plc stands out as the one that got away. The octogenarian may still have the last laugh. While Murdoch’s 21st Century Fox Inc. lost out to Comcast Corp. in a weekend auction of the UK pay-TV company he launched almost three decades ago, the global media magnate now ...

NEW YORK / WAM­­­­­ His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Adel bin Ahmed Al-Jubeir, Saudi Minister of Foreign Affairs, on the sidelines of the 73rd session of the United Nations General Assembly, in New York. In a meeting, the parties discussed the distinguished ties between the two countries and ways ...

Dubai / Emirates Business Emirates continues to push boundaries with their award-winning ice entertainment system, with the launch of two new ice TV channels dedicated to promoting the wide range of activities in Dubai and the UAE. The channels will be on ice in December. The innovative solution will help Dubai and UAE businesses promote themselves to the over five ...

Abu Dhabi / WAM The UAE will host the Interfaith Alliance Forum in the nation’s capital, Abu Dhabi on November 19-20, under the auspices of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The announcement came during a press conference held at the Ministry of Interior ...

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), concluded the activities of its trade mission to the WorldFood Exhibition in Moscow, which it organised in cooperation with the Federation of UAE Chambers of Commerce and Industry. The SCCI, which was represented by the Sharjah Exports Development Centre, attended the activities of the exhibition. The trade mission was ...

Bloomberg Russia will provide advanced S-300 missile systems to Syria and directly link up with the air-defense network of its Middle Eastern ally, stepping up support for the regime of President Bashar al-Assad after the downing of a reconnaissance plane last week. Moscow blamed the shoot-down of the aircraft, which killed 15 Russian servicemen, on Israel, whose planes were attacking ...