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Bloomberg A regular client of the International Monetary Fund (IMF), investors are asking whether Pakistan’s 13th loan program since the late 1980s will finally break a cycle of financial crashes and bailouts. Pakistan’s history of taking the lender’s money while dragging its heels on economic reforms suggest otherwise. With Islamabad now formally requesting IMF aid — seeking to raise anywhere ...

Bloomberg The UK Treasury is planning new measures to encourage investment in machinery and factories to help revive Britain’s flagging productivity, two officials familiar with the matter said. Chancellor of the Exchequer Philip Hammond may use the budget on October 29 to announce the measures, with tax breaks under active consideration, according to the officials, who declined to be named ...

Bloomberg US authorities have opened investigations into whether shares in Broadcom Inc. and CA Technologies Inc. were the target of a stock-manipulation scheme, according to people familiar with the matter. The inquires are related to Broadcom’s announcement that lawmakers were given what purported to be a US Defense Department assessment of national-security concerns surrounding Broadcom’s planned purchase of CA. That ...

Bloomberg Facebook Inc. said intimate information, including search results, recent locations and hometowns, were stolen from 14 million users by attackers in a major hack of the social network disclosed two weeks ago. The company said the cyber-attack, one of the worst to hit Facebook, affected 30 million people rather than about 50 million the company first reported September 28. ...

Bloomberg Microsoft Corp.’s Chief Executive Officer Satya Nadella called for national privacy legislation, days after Google became the latest tech giant to reveal a security flaw, potentially exposing personal data. “We hope that there’s more of a national privacy law,” Nadella said in an interview with Bloomberg News at the US Naval Academy in Annapolis, Maryland, where he discussed leadership ...

Bloomberg A gauge of underlying US inflation was below estimates in September as used-car costs fell and housing rents cooled, signalling that price gains may remain close to where Federal Reserve policy makers want them amid an outlook for continued gradual interest-rate hikes. Excluding volatile food and energy costs, the core consumer price index rose 2.2 percent in September from ...

ASTANA / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister for Tolerance, said that the UAE, since its establishment by the late Sheikh Zayed bin Sultan Al Nahyan, has become a regional and international symbol of tolerance and humanitarian coexistence, through its initiatives and efforts to support international organisations that call for tolerance, love and peace around the world. He ...

MADRID / WAM The UAE Embassy in Spain has signed an agreement with the country’s four leading healthcare providers to facilitate knowledge-sharing and exchange of expertise in the healthcare sector. Dr Hissa Abdullah Al Otaiba, UAE Ambassador to Spain, signed the agreement on behalf of the government. The agreement includes facilitating mutual exchange of knowledge and expertise in different medical ...

ABU DHABI / WAM There are opportunities for expansion, investment and growth in the oil and gas industry, as demand for energy continues to rise, particularly from the high-growth economies of Asia, according to Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc). Speaking in London at the 39th ...

SHARJAH/ WAM Gulftainer hosted the signing of a sister port agreement between the Department of Seaports & Customs of the Government of Sharjah and the Diamond State Port Corporation (DSPC), a corporate entity of the State of Delaware, USA. Under the terms of the partnership, the two entities are mandated to cooperate in the development of international trade and logistics, ...