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 ...
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Javid sets March 11 date for UK budget to deliver on vows
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 ...
Read More »Facebook tightens policy against deepfakes
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 ...
Read More »German car production declines to 23-year low
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 ...
Read More »Uber, Hyundai unveil flying car model for air taxi service
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 ...
Read More »Oil touches $70 as US-Iran clash sparks supply fears
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. ...
Read More »Etihad waives flight change fees for ‘affected’ Australians
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 ...
Read More »UAE, Czech Republic to enhance economic ties
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 ...
Read More »Value of ‘Internet of Medical Things’ in Mena to reach $9 billion by 2022
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 ...
Read More »Gold surges to 7-year high
Bloomberg Gold surged to its highest since 2013 as rising tensions in the Middle East stoked demand for havens, with Goldman Sachs Group Inc. seeing more room to run. Palladium extended gains to a fresh record. Bullion neared $1,600 an ounce after Tehran said it would no longer abide by any limits on its enrichment of uranium following the killing ...
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