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Bloomberg Bids in Taiwan’s auction of fifth-generation networking airwaves have exceeded NT$100 billion ($3.3 billion), a sign of robust demand as carriers race to deploy new wireless networks for applications including smart manufacturing and autonomous cars. Chunghwa Telecom Co, Far EasTone Telecommunications Co, Taiwan Mobile Co and two other rivals are bidding for preliminary licenses to the spectrum they need ...

Bloomberg In the days after the US government said it would bar Huawei Technologies Co from buying vital American components, the Chinese company’s founder, Ren Zhengfei, pulled together an emergency meeting of his top lieutenants at headquarters in Shenzhen. In a large conference room, the billionaire asked for a report from the head of each business unit on how they ...

Bloomberg Chancellor of the Exchequer Sajid Javid promised to unleash “a decade of renewal” when he outlines his budget on March 11 as he seeks to ready the UK for its departure from the European Union. Javid’s office said he will make good on pledges to cut taxes and spread opportunity as he announced the date for the statement, postponed ...

Bloomberg Facebook Inc has shed more light on its efforts to eradicate doctored videos known as deepfakes, addressing an issue it’s identified as an emergent threat ahead of the US election. The operator of the world’s largest social network pledged to remove content that has been “edited or synthesised” beyond adjustments for quality or clarity and is deemed likely to ...

Bloomberg German car production fell to its lowest in almost a quarter of a century as Europe’s biggest economy suffers from the fallout of a global trade war. Automakers including Volkswagen AG, BMW AG and Daimler AG produced 4.66 million vehicles in German factories last year, the weakest since 1996. The country’s VDA car lobby, which published the figures said ...

Bloomberg Uber Technologies Inc. is working on a flying car with Hyundai Motor Co., the first automaker to buy into Uber’s dream for a network of air taxis dotting the skies of major cities. The two companies outlined their partnership at the CES technology conference and plan to show off a full-scale model of the vehicle this week on the ...

Bloomberg Oil extended its gains, briefly surpassing $70 a barrel in London for the first time since September, as Middle East tensions flared after the US assassinated one of Iran’s most powerful generals. Futures rose as much as 3.1% on Monday as the US State Department warned of a “heightened risk” of missile attacks near energy facilities in Saudi Arabia. ...

ABU DHABI / WAM Etihad Airways will waive flight changes for Australian residents affected by the ongoing bushfires in the country. In a statement released on Monday, the UAE flag carrier said, “In response to the country’s devastating bushfires, Etihad Airways will waive flight change fees for Australian residents affected by this ongoing national emergency.” “The waivers will apply for ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, highlighted the developing bilateral economic ties between the UAE and the Czech Republic, supported by the mutual keenness of their leaderships to reinforce them. He made this statement while receiving Jiri Slavik, Czech Ambassador to the UAE, at the headquarters of the Ministry of Economy, in the presence ...

DUBAI / WAM A recent report has noted that the value of the Internet of Medical Things (IoMT), for the Mena region is expected to increase to $9 billion by 2022. The report was released in the run-up to Arab Health, the Mena region’s largest exhibition for healthcare and trade professionals. The exhibition will showcase the role technology has on ...