News

MADRID / WAM The Emirates News Agency (WAM), signed a new Memorandum of Understanding (MoU), with the Spanish international news agency (EFE), that will see the two sides exchange and disseminate their news items, in support of the growing relations between the UAE and Spain. The agreement was signed by Mohammed Jalal Al Raisi, Executive Director of WAM, and Fernando ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Chairman of the Board of Trustees of Dubai Future Foundation, said that Dubai continues to cement its position as a global hub for young talent and creative minds, with its determination to employ technology across various ...

ABU DHABI / WAM The UAE and Belize recently signed an economic cooperation agreement to develop, enhance, and expand their cooperation on areas of mutual interests. The agreement was inked by Sultan bin Saeed Al Mansouri, Minister of Economy, and Erwin Contreras, Belize’s Minister of Economic Development, Petroleum, Investment, Trade, and Commerce. The agreement covers various major sectors, including trade ...

Bloomberg Apple Inc has pulled the plug on an app that shows police activity in Hong Kong, reversing course yet again as violent pro-democracy protests wrack the city. The US company said it’s now decided to remove HKmap.live from its App Store after consulting with local authorities, because it could endanger law enforcement and city residents. That marks a return ...

Bloomberg Takeda Pharmaceutical Co is nearing the sale of a portfolio of assets in the Middle East, Africa and Russia to separate buyout firms that could help the drugmaker raise about $1 billion to reduce debt, according to people familiar with the matter. The Japanese company is in advanced talks to sell over-the-counter and prescription-drug assets in Russia to Stada ...

Bloomberg India’s factory output contracted for the first time in more than two years in August, as a sharp fall in capital goods and consumer durables production weighed on activity. The index of industrial production fell 1.1% in August, data released by the Ministry of Statistics showed Friday. That compares with an estimate for a 1.7% expansion. The decline, last ...

Bloomberg The tumultuous saga of former Indian billionaires Malvinder and Shivinder Singh seems to be entering a decisive stage. Scions of one of the nation’s most prominent business families, the Singh brothers were arrested and brought into a New Delhi trial court to face charges of fraudulently diverting nearly $337 million from a lender they controlled. The arrests send a ...

Bloomberg Holiday shoppers in the Philippines — which has some of Asia’s biggest malls — prefer to buy products in stores over mobile shopping, according to a study commissioned by Facebook Inc. Almost four in 10 Filipinos said in-store shopping is their first choice for the holidays, according to a study conducted by Ipsos Marketing and released by Facebook last ...

Bloomberg US antitrust enforcers have started an in-depth review of Google’s $2.6 billion planned acquisition of a data analytics company, a further sign of greater scrutiny on big technology companies, according to people familiar with the situation. The antitrust division of the US Department of Justice (DOJ) is seeking more information from Google and Looker Data Sciences Inc related to ...

Bloomberg The Securities and Exchange Commission (SEC) obtained a restraining order to stop the encrypted messaging app Telegram from flooding the US with digital tokens, claiming that its coins are unregistered securities that can’t be sold to American investors. The order halts Telegram from selling digital tokens known as Grams, according to a complaint unsealed in federal court in Manhattan. ...