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Bloomberg Fujifilm Holdings Corp. accused Xerox Corp. of caving to the whims of Carl Icahn and Darwin Deason in backing out of a $6.1 billion takeover deal. Fujifilm sued Xerox in Manhattan federal court over the failed takeover, seeking more than $1 billion in damages. Xerox walked away from the deal on May 13. “This change of heart is undoubtedly ...

Bloomberg A disgruntled Tesla Inc. employee broke into the company’s manufacturing operating system and sent highly sensitive data to unknown third parties, according to an email Elon Musk sent to staff. The worker, who had been denied a promotion, did “quite extensive and damaging sabotage” to Tesla’s operations, Musk wrote in the memo, which was reported in full by CNBC. ...

Bloomberg The European Union’s 27 remaining leaders may warn the UK that it faces crashing out of the bloc without a deal and call for contingency preparations, as an update due from the Brexit negotiators is set to highlight the limited progress made since March. With Brexit negotiations slowly meandering towards the end of the latest three-month period as lawmakers ...

Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has adopted a resolution granting nationals of countries facing war and natural disasters a one-year stay permit, in solidarity with the people of affected nations and to offer them a chance to improve ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA), commissioned fifteen 132/11 kV substations in Salal, Saih Al Shuaib, Expo 2020, Warsan 1, Sheikh Mohammed bin Rashid Gardens, Palm Jumeirah, Al Markad, Nad Al Hammar, Business Bay, Zabeel 2, as of 20th May 2018, at a total cost of AED1.73 billion. Speaking on the occasion, Saeed Mohammed Al Tayer, MD ...

DUBAI / WAM Passengers travelling through Dubai International (DXB), can now virtually explore Dubai and experience the wide array of offerings available, thanks to a new, technologically advanced digital installation set up in Terminal 3, Concourse A, which even creates and sends passengers a tailor-made, two-day Dubai itinerary via email based on the their interests and preferred experiences. Launched by ...

Abu Dhabi / WAM Abu Dhabi International Airport (AUH), earned an accreditation level of ‘reduction’ from the Airports Council International’s (ACI’s) Airport Carbon Accreditation programme. The programme provides a unique common framework and tools for active carbon management at airports, covering operational activities that contribute most to carbon emissions. In 2011, AUH was the first airport in the Middle East ...

Bloomberg Minda Industries Ltd., the Indian vehicle-component maker that’s seen its stock climb the most among peers in the past five years, is expected to benefit from tightening safety regulations in one of the world’s largest automobile markets. Shares of the components manufacturer, which supplies to companies including BMW and local car market leader Maruti Suzuki India Ltd., have climbed ...

Bloomberg Lee Seung-gun’s parents told him to get his sanity checked when he quit his secure job as a dentist with the hospital arm of Samsung Group to found a mobile apps startup. Seven years and eight failed apps later, the founder of Viva Republica has a bona fide hit with payments service Toss and its 8 million registered users ...

Bloomberg President Donald Trump has ordered a rescue of the nation’s struggling coal and nuclear power industries, but that doesn’t mean utilities are reconsidering the shutdown of unprofitable plants. Many power generators contacted said Trump’s June 1 announcement hasn’t altered their plans to retire old units even as the administration dangles the prospect of using emergency powers to force grid ...