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DUBAI / WAM Moro Hub (Data Hub Integrated Solutions) a wholly-owned subsidiary of Dubai Electricity and Water Authority (Dewa) has announced its collaboration with IBM to launch IBM Power Systems as a cloud service for the first time in Dubai. The new cloud service will enable organisations to benefit from improved performance and high data processing speeds, while reducing operating ...

Bloomberg Health Secretary Matt Hancock said the UK plans to start rolling out two coronavirus vaccines next month before the program gathers pace in the new year, with a return to “normal” possible in the spring. Hancock was responding to trial results announced on Monday by the University of Oxford and AstraZeneca Plc showing their Covid-19 vaccine prevented a majority ...

Bloomberg Jeff Bezos gave $684 million of Amazon.com Inc stock to non-profits, days after posting on Instagram that he’d chosen 16 organisations to be the first recipients of money from the Bezos Earth Fund. The world’s richest man donated 220,825 shares of the e-commerce juggernaut, according to a filing with the US Securities and Exchange Commission. The Amazon founder has ...

Bloomberg Zurich Insurance Group AG said it’s in talks to buy MetLife Inc’s US property and casualty unit, which offers coverage for homes and automobiles. “Zurich subsidiary, Farmers Group Inc, is proposing to acquire the business in conjunction with the Farmers Exchanges,” the Swiss insurer said in a statement. “The terms of any transaction are subject to negotiations and there ...

Bloomberg Google’s planned changes to advertising data were targeted by a group of rivals who pushed UK regulators to make the company a top antitrust priority. Marketers for an Open Web is asking the Competition and Markets Authority (CMA) to temporarily halt Google’s rollout of so-called privacy sandbox technology next year, it said in an emailed statement on Monday. The ...

Bloomberg Germany is moving towards extending and tightening its shutdown restrictions, setting measures that would rein in New Year’s festivities as the country struggles to slow the stubborn spread of the coronavirus. Germany’s regional leaders are proposing that a partial lockdown that was due to run until the end of November is extended until at least December 20. The measures ...

Bloomberg Shopify Inc expects a banner holiday season as the worsening pandemic encourages more consumers to shop online and buy from the small businesses that sell through its platform. While the pace of growth will likely slow once the pandemic ends, this year’s gains will likely hold up, President Harley Finkelstein said in an interview. The company reported a 109% ...

Abu Dhabi / WAM The Department of Culture and Tourism Abu Dhabi has announced significant increase in revenues from tourism activity in the capital in the third quarter of 2020. Findings from its quarterly industry development committee meeting revealed promising signs of sector recovery, as well as a glimpse into future projects and plans to boost tourism in the emirate. ...

Abu Dhabi WAM The General Civil Aviation Authority (GCAA) has established a Return to Service Committee on Boeing 737 Max that includes specialists from the required areas who are working with their counterparts in the US Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA). In a statement Sunday, GCAA said, “We will continue to work closely with ...

MANAMA / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, has announced its investment in Xpressbees, a leading end-to-end e-commerce logistics platform in India. The investment was made as part of a Series E funding with participation from a consortium of local and global investors. Founded in 2015 by serial entrepreneurs Amitava Saha ...