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US job openings fall in Nov to two-year low

Bloomberg US job openings fell in November to the lowest level in almost two years, indicating more employers see headcounts sufficient enough to meet demand. The number of positions waiting to be filled decreased by 561,000 to 6.8 million, the lowest since February 2018, according to the Labour Department’s Job Openings and Labour Turnover Survey, or JOLTS. Openings have steadily ...

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Amazon’s snooping on Alexa spurs EU privacy response

Bloomberg European Union (EU) privacy watchdogs are gearing up to police digital assistants after revelations that Amazon.com Inc workers listened in on people’s conversations with their Alexa digital assistants. Bloomberg first reported in April that Amazon had a team of thousands of workers around the world listening to Alexa audio requests with the goal of improving the software. Similar issues ...

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Spotify in talks to buy Ringer in sports push

Bloomberg Spotify Technology SA has considered an acquisition of the Ringer website and podcast network, according to people familiar with the situation, part of a broader push into sports content. Spotify has held talks about a deal, said the person, who asked not to be identified because the discussions are private. But it’s not clear whether the transaction will happen ...

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Facebook foes sue to force Mark Zuckerberg to sell majority stake

Bloomberg Facebook Inc was sued by four potential competitors who accuse it of anticompetitive behavior and who asked a judge to order Chief Executive Officer Mark Zuckerberg to give up control of the social media behemoth. The companies also said if Facebook isn’t forced to sell its WhatsApp and Instagram assets, it’ll integrate them into the social network, “consolidating its ...

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UAE gold, diamond trade hits AED258.4bn in 2018

Abu Dhabi / WAM The value of the UAE’s trade in raw and semi-worked gold and diamonds in 2018 amounted to AED258.4 billion, which reinforced the country’s position as a regional centre of the trade in the Middle East. The gold and diamond trade accounted for around 15.8 percent of the UAE’s total non-oil trade in 2018, valued at AED1.628 ...

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UAE, IRENA sign MoU to ehance cooperation

Abu Dhabi / WAM In the presence of Suhail Al Mazrouei, UAE Minister of Energy and Industry, Dr Matar Hamed Al Neyadi, Under-Secretary of the Ministry of Energy and Industry, and Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA) signed a Memorandum of Understanding (MoU), during the Abu Dhabi Sustainability Week. The MoU aims to strengthen and ...

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Adnoc will continue to prioritise sustainability goals, says Al Zaabi

ABU DHABI / WAM Ahmed Jasim Al Zaabi, Chief Financial Officer of the Abu Dhabi National Oil Company (Adnoc), has highlighted the company’s longstanding commitment to environmental stewardship through a set of new and comprehensive sustainability goals and initiatives. Addressing some of the world’s most prominent finance professionals at the second Abu Dhabi Sustainable Finance Forum (ADSFF), Al Zaabi highlighted ...

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UAE ministry, Netherlands discuss future cooperation

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and Lody Embrechts, Ambassador of the Netherlands to the UAE, discussed ways of developing economic relations between the UAE and the Netherlands. During the meeting, both sides also discussed their potential cooperation in a range of vital sectors, including agriculture, food products, industry, services, logistics, tourism, small and ...

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$50m UAE-Caribbean fund to finance more green energy projects

ABU DHABI / WAM The UAE-Caribbean Renewable Energy Fund (UAE-CREF), has entered the second cycle of its three-year plan to build climate-resilient renewable energy projects in 16 Caribbean nations, successfully completing new development and funding agreements for the Dominican Republic, Haiti, Guyana, Grenada, Saint Kitts and Nevis, Trinidad and Tobago, and Suriname. The announcement was made at Abu Dhabi Sustainability ...

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Mobile app spending, usage hit record $310bn in 2019

Bloomberg Mobile app spending and usage hit a record in 2019 and show no signs of tapering off this year as faster cellular connections and more big-name video streaming services come online, industry tracker App Annie says. In the past year, mobile apps accumulated $120 billion of global consumer spending, with games accounting for 72% of that. Advertising brought in ...

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