News

Bloomberg Apple Inc. was told to pay VirnetX Holding Corp. $502.8 million, the latest jury verdict in a decade-long saga over patents for secure communications. The jury in Tyler, Texas, reached its verdict in about 90 minutes. It was asked to decide only how much Apple owes VirnetX in royalties for VPN on Demand, a feature that allows users access ...

Bloomberg Justin Trudeau’s fast-track visa program gave Canada an edge over the US in the global race for talent. The pandemic is eroding it, leaving some tech startups and their recruits in limbo. The visa has been used to accelerate the arrival of thousands of software engineers, computer programmers and other professionals since 2017. But the number of people entering ...

Bloomberg The Italian government may move as soon as this weekend to impose lockdowns on several cities hit hardest by the coronavirus outbreak, Corriere della Sera reported on Saturday. Italy, which has been under a partial lockdown for last week, could also add measures including a ban on travel between regions “in coming hours,” the daily reported, citing increased pressure ...

Bloomberg Ships carrying cargoes around the world are waiting for days to pass through the Panama Canal, as pandemic-hit staffing caused congestion at the key pinch point. Long waiting times are affecting shipments of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) from the US Gulf Coast to Asia, according to people with direct knowledge of the situation. The ...

Abu Dhabi / WAM Abu Dhabi’s trade in pearls, precious stones and metals has witnessed significant activity in the first five months of this year, rising to AED8.8 billion, a 25.7 percent increase compared to AED7 billion in the same period of 2019, according to the Abu Dhabi Statistics Centre. This significant jump reinforces the position of the emirate and ...

Bloomberg Oil falls sharply with broader markets as renewed restrictions on movement in Europe clouded the outlook for the consumption once again. Crude futures in New York fall 4.6%, while those in London retreated below $40 a barrel, the lowest since October 5. Germany is proposing widespread curbs for a month, while France is preparing tougher restrictions that may include ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) announced the implementation of the Foreign Direct Investment Law within the emirate of Abu Dhabi by issuing the “Foreign Direct Investment License” which will enable investors to hold 100 per cent ownership of their businesses in Abu Dhabi. The license covers 122 different economic activities related to the ...

Abu Dhabi / WAM Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs held a virtual meeting with Lawrence Wong, Singapore’s Minister for Education and Second Minister for Finance. The meeting, which is part of the Ministry of Finance’s endeavour to deepen constructive cooperation ties with various countries of the world, discussed ways to strengthen strategic relations and ...

Al Ain / WAM The United Arab Emirates University (UAEU) has been confirmed as the region’s 5th best university in Wednesday’s release of the QS Arab Region University Rankings. The prestigious ranking listed a record 160 institutions from 17 countries across the region. UAEU is the top ranked UAE institution and has now held regional 5th spot for four consecutive ...

Dubai / WAM Dar Al Ber Society provided financial support and food baskets to 644 Sudanese families, including 2,813 individuals, from the afflicted and those affected by the recent floods, in the city of Shendi and a number of villages in the southern countryside of the city, as part of the relief campaign that the Society launched last September. Dar ...