News

Bloomberg Producers of prominent children’s YouTube channels will appeal to the FTC to change its recent settlement with the video service and will circulate a new petition online urging certain changes. In September, the FTC (Federal Trade Commission) fined YouTube and its parent, Alphabet Inc’s Google, $170 million for violating privacy laws by tracking children online. With the settlement, YouTube ...

Bloomberg State and federal agencies have filed dozens of wildfire-related claims against PG&E Corp., making California and Washington two of the biggest creditors in the utility’s bankruptcy case. The three biggest demands total more than $6 billion to compensate the Federal Emergency Management Agency and the California Governor’s Office of Emergency Services. The claims, related to the North Bay and ...

Bloomberg Uber Technologies Inc disappointed investors with quarterly results showing lackluster gains in bookings and monthly active users, two of the metrics most closely watched by Wall Street. The ride-hailing company beat estimates for quarterly revenue and loss, improved its annual loss forecast and pledged to turn a profit by 2021. Those weren’t enough to lift the stock, though. Shares ...

ABU DHABI / WAM The GCC is rapidly adopting renewable energy generation to meet the power demand, lower carbon emissions and reduce costs, with the International Renewable Energy Agency (Irena), predicting that if the GCC realises its renewable energy plans, the region is set to create cumulative cost savings of $76 billion by 2030. GCC’s installed power capacity grew four-fold ...

Bloomberg China is reviewing locations in the US where President Xi Jinping would be willing to meet with Donald Trump to sign the first phase of a trade deal between the world’s two largest economies, people familiar with the plans said. Officials in Beijing had hoped that if president Xi travelled to the US to sign stage one of the ...

Bloomberg India pulled out of a trade pact covering much of Asia, paving the way for 15 other countries to sign the China-backed regional trade deal next year. India conveyed its decision to exit the Regional Comprehensive Economic Partnership (RCEP), foreign ministry official Vijay Thakur Singh told reporters in Bangkok on Monday. Prime Minister Narendra Modi highlighted that he was ...

RAS AL KHAIMAH / WAM Vipul, Indian Consul-General in Dubai, said that the trade between Ras Al Khaimah and India increased significantly last year by 17 percent, and the value of the emirate’s exports to India exceeded AED860 million. Ras Al Khaimah is a positive model of economic success and plays a leading regional role, through its efforts to achieve ...

DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal Export Credit Company, signed a MoU with Khalifa Industrial Zone Abu Dhabi (Kizad), the integrated trade, logistics, industrial and free zone owned by Abu Dhabi Ports, to support UAE businesses and increase exports by providing export insurance solutions that meet their growth plans. The pact will help UAE-based firms to ...

Abu Dhabi / Emirates Business Etihad Guest, the award-winning loyalty programme of Etihad Airways, and Emirates Islamic, one of the leading Islamic financial institutions in the country, have signed a Memorandum of Understanding (MoU) to partner in launching a new jointly branded credit card. Yasser Al Yousuf, Vice President Commercial Partnerships, Etihad Airways said: “We are proud to expand our ...

ABU DHABI / WAM The Ministry of Culture and Knowledge Development hosted an inaugural forum at Manara Al Saadiyat, which gathered academics, researchers, writers and students from across the UAE to discuss the Status Report and Future of the Arabic Language. The report, which was launched last year under the directive of His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...