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Bloomberg Verizon Communications Inc. named Hans Vestberg as its next chief executive officer, picking a leader who plans to stay the course even as all three of the company’s major wireless rivals are pursuing megadeals. The move will take effect Aug. 1, ending months of speculation over who takes over at the largest US wireless carrier in the midst of ...

Bloomberg Daimler AG could split its truck unit and passenger-car business into separate companies, but it’s not a necessity and won’t happen unless stockholders want it to. “It’s not so much an issue of management, it’s more of the shareholders, what they want to do,” Martin Daum, Chief Executive Officer of Daimler’s truck unit, said in an interview at the ...

Bloomberg Israeli troops killed four Palestinians along the Gaza Strip border on June 08 as the Hamas group that rules the coastal strip struggled to revive a flagging protest campaign. About 10,000 people protested at five spots along the border, sending flaming kites and airborne pipe bombs into Israel and hurling rocks and grenades, the Israeli army said. At least ...

JEDDAH / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince, Deputy Prime Minister, Minister of Defense of the Kingdom of Saudi Arabia and President of Saudi Council of Economic and Development Affairs chaired the first meeting ...

DUBAI / WAM The Mohammed Bin Rashid Space Centre  announced that 95 out of the 4,022 applicants have been shortlisted for the UAE Astronaut Programme, part of the UAE National Space Programme. It aims to train and prepare a team of Emiratis to be sent to space for various scientific missions. The programme was announced by His Highness Sheikh Mohammed ...

Sharjah / Emirates Business Gulftainer, the world’s largest, privately owned, independent port operator based in UAE, announced that it had recorded gross crane productivity of 32.2 crane moves per hour at its flagship gateway terminal, Sharjah Container Terminal (SCT), in Port Khalid. The milestone feat achieved in April 2018, compares to the industry average of 25 crane moves per hour, ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Hong Kong Securities and Futures Commission, HK-SFC, have entered into a cooperation agreement to jointly promote and support financial services innovation in the UAE and Hong Kong. The agreement was signed between Philippe Richard, Director of International Affairs of the Financial Services ...

Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) has revealed that it participated in the worldwide celebrations of Global Exhibitions Day (GED) on June 6, highlighting the strategic importance of the MICE industry to the growth of world economies. The GED initiative, which began in 2016, has seen an ever-growing number of participants and is actively supported by ...

Bloomberg The US and China continued to haggle over the shape of a deal to fend off an impending trade war, with China offering to boost purchases of American goods and the US finalising a deal to allow China’s ZTE Corp. to resume purchases from American suppliers. Ahead of a mid-June deadline for imposing tariffs on Chinese imports, China has ...

Bloomberg China has detained 245 people after a nationwide raid of gangs suspected of illegally selling more than 2.4 million metric tons of steel scrap to buyers across Southeast Asia. Chinese authorities carried out multiple raids starting after an investigation into unusual activity unearthed a network that was shipping scrap without fully paying the 40 percent export duty, the General ...