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Bloomberg Boris Johnson will announce a 5 billion pound ($6.5 billion) investment in the UK’s next generation broadband internet services as he seeks to ensure that remote parts of the country can benefit. The British leader has made it his mission to “level up” regions that have been “left behind” economically, with investment in key infrastructure. On Wednesday, Finance Minister ...

Bloomberg Facebook Inc. is being sued in Australia by the nation’s privacy regulator, which claims the social media giant exposed the personal data of more than 300,000 users to the risk of being used for political profiling. In proceedings lodged in the Federal Court, the Australian Information Commissioner alleges Facebook repeatedly breached privacy laws by disclosing user information to the ...

Bloomberg Denmark needs to adopt a number of emergency measures, including higher carbon taxes, if it’s to reach a goal of drastically cutting emissions by 2030, a government-appointed climate council said in a new report. The country needs the additional steps to achieve target of reducing emissions by 70% compared with the level 40 years earlier, the council said on ...

Bloomberg Many Lyft Inc. and Uber Technologies Inc. drivers have seen a bump in business from the spreading coronavirus, but they’re also weighing the risks of staying safe versus continuing to earn a paycheck. A study shows that more than half of ride-hailing drivers said they were now “very concerned” about reduced earnings as a result of the virus and ...

Bloomberg US employment surged last month with the biggest gain since May 2018, indicating the labour market was on especially solid footing before the spread of the coronavirus intensified. Payrolls rose 273,000 after the prior month was revised up to also reflect a 273,000 gain, according to Labour Department data that beat all forecasts in Bloomberg’s survey calling for 175,000. ...

TASHKENT / WAM ACWA Power announced the signing of three new strategic agreements, potentially worth up to $2.5 billion, with the Ministry of Energy of Uzbekistan to amplify power generation and develop technical expertise. The agreements include a 25-year Power Purchase Agreement (PPA), and Investment Agreement – with a total investment value of $1.2 billion – for the development, construction ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, has said that tolerance is a solid Emirati approach that was laid down by the Founding Father the late Sheikh Zayed bin Sultan Al Nahyan, and continued under the country’s wise leadership through the consolidation of the values and principles of tolerance, peace and love. Sheikh Nahyan ...

SHARJAH / WAM The Sharjah Airport International Free Zone (Saif Zone), announced that the Germany-based International KG is going to base its regional operations in the free zone, after a lease contract was concluded between both entities. Under the agreement, Schüco will lease 14 warehouses covering a total area of 8,400 square metre, making it the biggest number of warehouses ...

Bloomberg Saudi Arabia plans to boost oil output next month to well above 10 million barrels a day, as the kingdom responds to the collapse of its Opec+ alliance with Russia. The world’s largest oil exporter engaged in an all-out price war by slashing pricing for its crude by the most in more than 30 years. State energy giant Saudi ...

ABU DHABI / WAM Sheikha Shamma bint Sultan bin Khalifa Al Nahyan on Sunday announced the launch of ‘20 for 2020’, an innovative programme launched to drive gender balance at a board-level. Twenty women will have the opportunity to partake in a year-long professional development course while they gain board-level experience. The overarching objective of ‘20 for 2020’ is to ...