News

Bloomberg The Trump administration will press China to prove it can keep promises in talks this week aimed at ending the trade war, Treasury Secretary Steven Mnuchin said, as the US ratcheted up legal pressure on one of the biggest examples of Chinese technological might. In a sign of the importance the White House is placing on the talks, President ...

Bloomberg Europe warned the world’s biggest tech and advertising companies that they need to intensify efforts to combat disinformation on their platforms ahead of European elections, or face regulation. The European Commission, the bloc’s executive body, acknowledged that companies such as Alphabet Inc’s Google, Twitter Inc and Facebook Inc, had made “some progress”, in particular with removing fake accounts and ...

Bloomberg T-Mobile US Inc Chief Executive Officer John Legere and Sprint Corp Chairman Marcelo Claure agreed to testify about their planned $26.5 billion merger before a Democratic-controlled House panel that is expected to bring tougher scrutiny to the consolidation of telecom giants. The hearing, scheduled for February 13, gives Representative David Cicilline of Rhode Island, the chairman of the House ...

Bloomberg Anyone looking for an upbeat forecast from Apple Inc is likely to be disappointed when the company’s results were expected on Tuesday. The company is set to report its first holiday quarter sales decline since the iPhone launched, and analysts are predicting revenue will keep shrinking in the current quarter. In early January, Chief Executive Officer Tim Cook forecast ...

DUBAI / WAM Abdul Rahman Mohammad Al Owais, Minister of Health and Prevention (MOHAP) met with Dr Tawfiq bin Fawzan Al Rabiah, Saudi’s Minister of Health, and Dr Basel Al-Sabah, Kuwaiti Minister of Health, and discussed ways of boosting cooperation in the health sector between the UAE, Saudi Arabia, and Kuwait. During the meeting, which was held on the sidelines ...

HADRAMAUT / WAM The Emirates Red Crescent (ERC) has completed the digging of six artesian wells, connected them to the main water line, installed pumping units and ran extensions to their targeted locations, to benefit regions and villages in the edge of Hadramaut Desert. The construction of the wells is part of a project launched by the ERC to provide ...

Bloomberg Saudi Arabian Oil Co is taking a nearly 20 percent stake in South Korean oil refiner Hyundai Oilbank Co for $1.6 billion (AED5.87 billion), tightening the grip of the world’s top crude exporter on the biggest oil consuming region. The Saudi state-owned giant, known as Aramco, is seeking to firm up its customer base and market share in Asia ...

Abu Dhabi / WAM Emirates Global Alumin-ium (EGA) announced that commissioning of its new Al Taweelah alumina refinery has entered its final stages. Commissioning is the detailed process of testing equipment and systems in a new plant before start-up. First production from Al Taweelah alumina refinery is expected during the first half of this year. EGA has begun hot water ...

Bloomberg Crude tumbled below $52 a barrel as disappointing corporate earnings forecasts in the US stoked concern about the global economy, weighing down a market already anxious about America’s oil boom. Futures in New York dropped as much as 3.5 percent, joining the slide in equities after chip-marker Nvidia Corp and heavy-equipment company Caterpillar Inc warned of slowing global growth. ...

Emirates Business Etisalat business and home subscribers will experience double broadband speed enabling them to implement and use advanced digital technologies in their homes and offices. The new speed upgrade is in line with Etisalat’s overall strategy of ‘driving the digital future to empower societies’ by actively initiating and implementing initiatives that will enable a digital economy and contribute towards ...