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UAE humanitarian help for Socotra continues

HADIBU, Socotra, Yemen / WAM With inhabitants of the remote Yemeni island of Socotra continuing to face difficulties because of a lack of infrastructure, humanitarian aid from the UAE is continuing to flow to the island, officials at the Sheikh Khalifa bin Zayed Al Nahyan Foundation told Emirates News Agency (WAM). The Foundation and the Emirates Red Crescent (ERC), have ...

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DLD awarded in ‘productivity’ category

Dubai / Emirates Business Dubai Land Department (DLD) announced its achievement of the ‘Ideas Arabia 2019’ award, an addition to its track record of many local and international accomplishments, after taking first place in the “Productivity” category for its ‘Building Survey and Classification’ initiative. HE Sultan Butti bin Mejren, Director General of DLD, said: “We are proud of this remarkable ...

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DoE’s ‘recycled water policy’ to fulfill future needs

Abu Dhabi / WAM Abu Dhabi Department of Energy (DoE), announced the launch of a ‘Recycled Water Policy,’ that will ensure optimal use of recycled water in the emirate. Announced during a workshop held by DoE, which was attended by all concerned parties, the policy supports efforts to preserve Abu Dhabi’s water resources, including drinking and underground water, in order ...

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Apple to move Mac Pro production to China

Bloomberg Apple Inc will manufacture its new Mac Pro computer in China, moving production of what had been its only major device assembled in the US, according to a person familiar with the company’s plans. The company will use Quanta Computer to make the $6,000 desktop computer and is ramping up production at a factory near Shanghai, according to the ...

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Tesla says Shanghai auto fire caused by battery-module fault

Bloomberg Tesla Inc said an isolated battery fault caused a Model S to catch fire in a Shanghai parking lot two months ago, as the US electric-car maker tries to ease safety concerns in its second-largest market. A joint investigation with experts and executives from China and the US found no “systematic defect” with the car, Tesla said in a ...

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Vietnam is buying more US goods after Trump calls it trade abuser

Bloomberg Vietnam is buying more US goods to help it reduce a $39.5 billion surplus, after President Donald Trump called the country a trade abuser. “Vietnam has made great efforts to improve the trade balance between the two countries, increasing imports,” Ministry of Foreign Affairs spokeswoman Le Thi Thu Hang said in a statement. Vietnam is improving investment conditions for ...

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Ghosn arranges, abruptly cancels, press briefing

Bloomberg Ex-Nissan Motor Co Chairman Carlos Ghosn abruptly cancelled a press conference scheduled only hours before, at which he was due to “speak out” about his case. It would have been his first briefing in person since his arrest in November. Only hours after announcing the hastily arranged briefing, reports emerged that Ghosn would not appear at the event and ...

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Vanguard-backed travel planner defaults amid India credit scare

Bloomberg A travel planner in India backed by the world’s second-largest asset manager Vanguard Group has defaulted on debt and its shares fell to a record low, as cracks in the nation’s credit market spread. Cox and Kings Ltd has paid only 500 million rupees ($73 million) of the two billion rupees due on unsecured commercial papers, according to an ...

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S Korea growth may suffer over work-hour limit

Bloomberg Relief for Asia’s most overworked country doesn’t come easy. South Korea’s new legal limit on working hours — down to 52 hours per week from 68 — can shave as much as 0.3 percentage point off economic growth in 2020, according to Goldman Sachs Group Inc. “The new work-hour limit comes against the backdrop of slowing growth, highlighting the ...

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European companies look to build their own walls in cloud

Bloomberg Using code rather than concrete, European companies are busy building walls to protect their data, and are being encouraged by local politicians concerned about threats to their sovereignty. France’s biggest supplier of drinking water is one example. Before switching to Google’s cloud-based office software, Veolia Environnement SA first hired cybersecurity company Atos SE to handle the encryption of its ...

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