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Bloomberg Facebook Inc knew in early 2015 that it misled advertisers about the average time users spent viewing online video clips — and then lied about it, according to a lawsuit. The owner of the world’s largest social network acknowledged in September 2016 that it had inflated the metric for marketers, and said it fixed its calculations. Crowd Siren, the ...

Bloomberg Europe’s car lobby said a no-deal Brexit would threaten the very business model of companies operating in the UK and on the continent, urging negotiators to do everything in their power to avert a worst-case scenario on the eve of a summit in Brussels. Carmakers and suppliers’ steps to prepare for the event of a disorderly withdrawal from the ...

Bloomberg UK inflation slowed more than expected in September, dragged lower by the cost of food and transport fares. Annual consumer-price growth dip-ped to 2.4 percent from 2.7 percent in August, the Office for National Statistics said on Wednesday. The rate was lower than the median 2.6 percent forecast in a Bloomberg survey. Downward pressure came mainly from food prices, ...

Bloomberg International Business Machines Corp missed analysts’ quarterly revenue estimates, ending a short-lived streak of sales gains and casting doubt on its strategy to boost growth through new businesses like cloud and artificial intelligence. The shares slip-ped in extended trading. Revenue fell 2.1 percent to $18.8 billion in the third quarter, while analysts were expecting $19.1 billion. Cloud revenue, which ...

Bloomberg Netflix Inc is growing faster than even its most bullish fans on Wall Street predicted, soothing doubts about its global prospects and sending its already-stratospheric stock higher. After a stumble with its previous results, the world’s largest paid online TV network added far more subscribers than analysts expected in the third quarter. Netflix also issued an upbeat outlook for ...

ABU DHABI / WAM Khalifa Ahmed Al Ali, Managing Director of the Food Security Centre, emphasised that the UAE has become a key point in providing food supplies to the region, while revealing that the country is 33rd in world food security rankings. In his statement to the Emirates News Agency (WAM), Al Ali said that World Food Day — ...

Abu Dhabi / Emirates Business The inaugural edition of the Abu Dhabi International Boat Show (ADIBS), hosted to be organised by Abu Dhabi National Exhibitions Company (Adnec), will kick off on Wednesday under the patronage of HH Sheikh Nahyan Bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation and ...

ABU DHABI / Emirates Business In a bid to elevate the standard of living in developing countries and eradicate global poverty, Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has highlighted its allocation of nearly AED11 billion ($2.99 billion) towards development projects in the education as well as healthcare sectors. In its report marking International ...

ABU DHABI / WAM Etihad Airways and Abu Dhabi Waste Management Centre (Tadweer) are set to collaborate on a research pro-ject to explore how municipal waste can be converted into jet fuel. The project aims to use final jet fuel on Etihad Airways’ flights. Etihad and Tadweer signed a Memorandum of Understanding on Etihad’s premises. Mohammad Al Bulooki, Chief Operating ...

Bloomberg US and Chinese officials clashed in Geneva on Tuesday as the world’s two largest economies disagreed over how to reform the global trading system. Deputy US Trade Representative Dennis Shea said the World Trade Organization (WTO) must confront China’s trade abuses while rethinking its preferential rights as a developing nation. Chinese Ambassador Zhang Xiangchen countered that “no one can ...