News

Bloomberg Rupert Murdoch’s Inc. boosted its bid for Sky Plc, raising the stakes for Comcast Corp. to retaliate in a battle for control of Britain’s top pay-TV company. Fox offered £14 per share to value Sky at £24.5 billion ($32 billion), 12% more than Comcast’s rival £22 billion offer. Sky shares fell as much as 2% as some investors had ...

Bloomberg Google’s latest European Union (EU) woes could mean opportunity knocks for app developers stymied by contracts that pre-install the US giant’s own services on Android phones and tablets, according to analysts and companies. The Alphabet Inc. unit is expected to face an antitrust fine over Android in the coming days that could top last year’s record 2.4 billion-euro ($2.8 ...

Bloomberg Hudson’s Bay Co. said it will stop selling Ivanka Trump’s goods at its Canadian namesake stores, citing slow sales. The Toronto-based company, which also owns Saks Fifth Avenue and Lord & Taylor, will phase out the brand at its namesake chain and website this fall, a spokeswoman said in a statement. Hudson’s Bay operated about 90 stores across Canada ...

Bloomberg American Tire Distributors (ATD) Inc., seeking to bolster itself after two of the biggest brand names pulled their business, said other suppliers will fill the gap and that it’s already posted sales gains in the first half of this year. ATD, North America’s largest tire distributor, had “strong success” in converting to other suppliers and has a “robust pipeline ...

AGENCIES The UAE intends to invest as much as $10 billion in South Africa’s economy, with a focus on key sectors such as tourism and mining among others, to support the sustainable development of the country. The commitment was made during the first state visit by South African President Cyril Ramaphosa to the Middle Eastern nation, the Presidency said in ...

ABU DHABI / WAM The Cabinet Decision to implement a system that returns Value Added Tax (VAT) to tourists will cement the UAE’s status as a premier global tourist destination, asserted the Federal Tax Authority (FTA). In a press statement issued on Saturday, the authority explained that the Cabinet Decision has set clear standards branded with transparency and accuracy in ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have welcomed the milestone visit of President Xi Jinping of China, at the head of ...

ABU DHABI / WAM The heads of organising committees of the Aqdar World Summit have met to discuss preparations and agendas for the second summit, to be held from November 26-28, in Abu Dhabi, under the theme, “Role of Human Empowerment in Developing Stable Societies: Sustainable Development.” The meeting, chaired by Dr Abdullah Al Raisi, Chairman of the Scientific Committee ...

ABU DHABI / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) organised a media event in London for British travel and lifestyle journalists, to promote the emirate, boost media coverage in the UK market and to increase interest in press trips to the UAE capital. A presentation about Abu Dhabi’s offerings and latest news ...

ABU DHABI / WAM The central operations room at the Abu Dhabi Police (ADP) GHQ received 1,450,594 calls during the first half of this year, through the emergency number 999. Colonel Nasser Sulaiman Al Maskari, Director of Operations, said that Abu Dhabi Police’s Command and Control Centre is fully ready and equipped with highly trained professionals and advanced communication systems ...