News

ABU DHABI / WAM The Abu Dhabi National Exhibitions Company, ADNEC, is set to host major events, at both the Abu Dhabi National Exhibition Centre and Al Ain Convention centre this January. Also taking place in the nation’s capital is Abu Dhabi Sustainability Week, ADSW, from 11th to 18th January. The global platform for accelerating the world’s sustainable development brings ...

ABU DHABI / WAM Etisalat announced the launch of a cloud-based business unified communication and collaboration service, ‘CloudTalk’, for small and medium businesses and enterprise customers in the UAE. In a statement, the UAE-based telecommunications services provider said that it had partnered with Ribbon Communications “to provide customers with a secure, scalable, and cloud-native business communication and collaboration solution.” Ribbon ...

DUBAI / WAM The Dubai Land Department (DLD), will organise the 16th edition of the International Property Show (IPS 2020), at the Dubai World Trade Centre from March 24-26, amid high optimism that new government policies and the Expo 2020 Dubai will drive the growth of the emirate’s property market in 2020 and beyond. Dawood Al Shezawi, President of IPS ...

Bloomberg Strikes against French president Emmanuel Macron’s pension reform plan entered their second month, the longest such action for state-owned railway company SNCF. Transport remained gummed up as unions prepared for two more days of street protests while the government said a compromise was near. Prime minister Edouard Philippe will start another round of discussions with union representatives on Tuesday, ...

Bloomberg The UK’s dominant services sector showed signs of strengthening at the end of the year following Boris Johnson’s decisive election victory. New orders rose at their fastest pace in five months, IHS Markit said on Monday, with anecdotal evidence suggesting that the easing of domestic political uncertainty played a key role. The uptick left services activity with an index ...

Bloomberg Broadcom Inc appealed a European Union (EU) order forcing the company to drop allegedly unfair clauses that may compel set-top box makers to use its chips. The appeal opens a court fight over the validity of a rarely used regulatory tool meant to prevent victims from suffering while probes drag on for years. EU Antitrust Commissioner Margrethe Vestager in ...

Bloomberg Tesla Inc’s efforts to lure Chinese customers is giving its suppliers a boost in the world’s biggest electric-vehicle market. Shares of Changzhou Almaden Stock Co surged to more than a two-year high on Monday, after it said in a filing to the Shenzhen stock exchange that it has supplied solar glass to the electric car manufacturer since 2019. Appliances ...

Bloomberg European bond sales are set to kick off in the first full week of 2020, as governments return to a market boosted by tensions in the Middle East. Portugal, Ireland and Belgium should issue debt maturing in 10 to 15 years at syndicated sales, according to Danske Bank A/S, while regular auctions are due from Germany, Austria, Spain and ...

Bloomberg Would you give up Facebook for one month in exchange for $50? The question, posed by MIT’s Erik Brynjolfsson and four co-authors of a new paper, may help economists get a better measure of the extent to which new, free technologies are reshaping the economy and our lives. The answer, unsurprisingly, is a lot. They estimate that the social ...

Bloomberg Beijing Automotive Group Co hopes to sell at least the same amount of vehicles this year as in 2019 as it battles “brutal” competition and a prolonged slowdown in China’s car market. China’s fourth-largest carmaker is targeting up to 2.35 million vehicle sales in 2020, General Manager Zhang Xiyong said at a news conference in the northeastern province of ...