News

Bloomberg A UK lawsuit filed against Google by millions of iPhone users over data-collection claims was thrown out by a London judge. The group, known as Google You Owe Us, were seeking as much as 3.2 billion pounds ($4.2 billion), according to documents filed with the court in May. The organisation, which represents more than 4 million people, said the ...

Bloomberg Services firms in the UK are giving up on attempts to hire new staff as business confidence plummets ahead of the nation’s impending exit from the European Union, the British Chambers of Commerce said in its quarterly economic survey. The percentage of service firms attempting to recruit is at its lowest level in quarter of a century, and even ...

Bloomberg A slump in Italian assets deepened after a tug-of-war between the government and the European Union over its budget intensified. Yields on benchmark 10-year bonds rose above 3.5 percent for the first time in four years while stocks approached a bear market after the European Commission said the populist coalition’s plans for a wider deficit are in breach of ...

Bloomberg General Electric Co., a prolific dealmaker throughout its 126-year history, began the biggest reorganization ever under Chief Executive Officer John Flannery. Then Flannery was gone. His restructuring campaign was interrupted after just 14 months when he was replaced by Larry Culp in a surprise ouster last week. Before Flannery left, he had announced at least 17 divestitures and spinoffs ...

Abu Dhabi / Emirates Business Abu Dhabi Securities Exchange (ADX), region’s leading financial market, together with Aldar Properties, on Sunday rang the market opening bell to celebrate the listing of Aldar Investments’ new $500 million sukuk, marking the first corporate sukuk ever to be listed on the exchange. The sukuk, which was raised at a profit rate of 4.75% with ...

Abu Dhabi / WAM The UAE adopted a general expansionary fiscal policy during the first quarter of 2018 and increased its overall annual spending by 15.6 percent due to the recovery in oil prices, which led to increased proceeds from petroleum-based products. The recovery was also driven by a 21.7 percent increase in annual salaries and wages, as well as ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) concluded its ‘240C Cool’ campaign, and achieved 4.1 percent savings on district cooling consumption in the past three months. The campaign, which was launched in July 2018, seeks to reduce energy consumption through mai-ntaining optimum temperature as well as reducing the value of customers’ consumption bills, in order to achieve sustainable ...

Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has signed a Memorandum of Understanding with the Medical Tourism Association (MTA), to coordinate efforts to position Abu Dhabi as a world-leading medical tourism destination, with the MTA’s annual World Medical Tourism & Global Healthcare Congress event now being hosted in Abu Dhabi ...

ABU DHABI / WAM The Emirates News Agency (WAM), is already applying the latest innovations in the 21st century media sector, said Myron Belkind, during a visit to the UAE state agency. The Professorial Lecturer at the George Washington University’s School of Media and Public Affairs, and the former National Press Club President, said, “I am so thrilled to have ...

ABU DHABI / WAM The Telecommunications Regulatory Authority (TRA), announced that the UAE mGov page on Twitter has surpassed the mark of 500K followers. This achievement comes under UAE government’s keenness to communicate continuously and effectively with all segments of society, thereby serving UAE Vision 2021. This success reflects the great efforts made by the social media team within TRA ...