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Bloomberg Apple Inc. told US lawmakers that its servers weren’t compromised and sought to assure them that the company’s global supply chain is secure. In a letter to the chairmen and ranking Democrats on the House and Senate Commerce committees, the Cupertino, California-based company disputed a Bloomberg report that Chinese spies used a microchip to infiltrate American computer networks. The ...

Bloomberg Venezuela’s annual inflation rate will surge to 1.37 million percent by the end of the year as the government fails to cover a widening budget shortfall by printing money, according to a report from the International Monetary Fund published on Tuesday. That estimate from the latest IMF World Economic Outlook is up from the forecast of 1 million percent ...

Bloomberg UK workers will have to wait until the end of the century to see real wages doubling if the current pace of pay growth continues, according to the Resolution Foundation. Nominal pay growth has risen by an average of 2.2 percent since 2014, about half the 4 percent pace before the financial crisis of 2008, the Resolution Foundation said ...

Bloomberg Alphabet Inc.’s Google has decided not to compete for the Pentagon’s cloud-computing contract valued at as much as $10 billion, saying the project may conflict with its corporate values. The project, known as the Joint Enterprise Defense Infrastructure cloud, or JEDI, involves transitioning massive amounts of Defense Department data to a commercially operated cloud system. Companies are due to ...

Bloomberg Royal Mail Plc broke below its initial public offering price to mark a significant political moment five years after a share sale that British lawmakers said shortchanged the public. The stock fell as much as 4.9 percent to touch a record-low 321.8 pence in early London trading, below the 330 pence at which the 500-year-old postal service was sold ...

Bloomberg Microsoft Corp. will invest an unspecified amount in Grab as the ride-hailing giant adopts the US company’s Azure as its preferred platform for cloud services. Under the five-year deal, the companies will collaborate on technologies including big data, artificial intelligence and connected car platforms. Grab counts Amazon Web Services among its existing cloud suppliers and has worked in the ...

DUBAI / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, stressed that data sector will significantly contribute to the future of the UAE economy, as the reliance on Artificial Intelligence (AI) technology incre-ases, becoming a base for many vital activities of future societies. Promoting investment in this rapidly evolving global economic sector comes as part of ...

Abu Dhabi / Emirates Business With Expo 2020 on the horizon and the Middle East representing high growth potential for the travel industry, WTM London 2018 which takes place on November 5-7 and is placing a spotlight on the region with a host of key speakers lined up for the show’s new regionally-focussed Inspiration Zones. As Dubai gears up for ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), and Baker Hughes, a General Electric company, on Monday signed a strategic partnership agreement that will enable and support the growth and development of Adnoc’s subsidiary, Adnoc Drilling, into a fully integrated drilling and well construction provider. As part of the agreement, BHGE will acquire a five percent stake ...

MUNICH / WAM Nakheel is back in Munich for the second consecutive year with a plethora of real estate projects — collectively worth EUR14 billion ($16 billion) — on show at Expo Real 2018. The only Dubai developer at the event, Nakheel is showcasing a diverse selection of investment opportunities including completed and off-plan residential units — offering rental yields ...