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Bloomberg In 2016, Geoffrey See was jolted awake on a flight run by North Korea’s national carrier as smoke swirled through the cabin. Passengers sensed that the aircraft was descending rapidly, yet their panic was met with preternatural calm by a crew who insisted nothing was amiss. The travellers sat in white-knuckled fear as the plane made an emergency landing. ...

Bloomberg AT&T Inc.’s sweeping court victory allowing its takeover of Time Warner Inc. delivers a sharp setback to the Justice Department’s new approach to policing mergers under President Donald Trump and promises to spark a merger wave across industries. The federal judge’s decision raises the bar for the government’s ability to challenge deals between companies that don’t compete directly. That ...

Bloomberg Adyen NV, a Dutch payments processor whose clients include Netflix Inc. and Spotify Technology SA, more than doubled in its trading debut in Amsterdam. The shares, which priced at 240 euros apiece in Europe’s biggest technology public offering of the year, reached 503.90 euros early on Wednesday, before retreating to 436.55 euros by 1:10 p.m. local time. Adyen’s market ...

Bloomberg A cyberattack at Dixons Carphone Plc affected almost 6 million payment cards as hackers sought access to customers’ personal data in another challenge for new Chief Executive Officer Alex Baldock. The retailer, already struggling with a slowing mobile phone market in the UK and the rise of Amazon.com Inc., said 1.2 million records containing nonfinancial information such as names, ...

Bloomberg Consulting firm Accenture has a new tool to help businesses detect and eliminate gender, racial and ethnic bias in artificial intelligence software. Companies and governments are increasingly turning to machine-learning algorit-hms to help make critical decisions, including who to hire, who gets insurance or a mortgage, who receives government benefits and even whether to grant a prisoner parole. One ...

Bloomberg US inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve’s outlook for gradual interest-rate hikes while eroding wage gains that remain relatively tepid despite an 18-year low in unemployment. The consumer price index rose 0.2 percent from the previous month and 2.8 percent from a year earlier, matching estimates, a Labor ...

Dubai / WAM Investment Corporation of Dubai (ICD) has announced its consolidated financial results for year ended December 31, 2017, delivering record revenues of AED 200.9 billion and an improved net profit of AED24.6 billion. Revenues increased to AED200.9 billion, an increase of 13.8 percent from the prior year period, supported by higher revenues in the oil and gas and ...

HODEIDAH / WAM Arab Coalition Forces have destroyed a ballistic missile base belonging to Iranian-backed Houthi militias on the outskirts of the Al-Garahi district. Coalition forcers led by Saudi Arabia, and supported by UAE Armed Forces, targeted several positions and military machinery belonging to the Houthi militias, resulting in killing 47 militia elements and dozens of casualties. Yemeni resistance forces ...

ABU DHABI / Emirates Business A statement of cooperation has been signed by the CEO of Astana Financial Services Authority (AFSA) Stephen Glynn and Chief Executive of the Registration Authority of Abu Dhabi Global Market (ADGM) Dhaher Bin Dhaher Al Mheiri. The objective of the statement of cooperation is to work towards the attainment of the mutual understanding of legislative, ...

SHARJAH / WAM The University of Sharjah (UoS), and the National Petroleum Construction Company (NPCC) have signed a Memorandum of Understanding that aims to support and provide work, training, and professional development opportunities for the UAE national students. Hamid MK Al Naimiy, Chancellor of the University, str-essed that, due to the support and guidance of HH Dr Sheikh Sultan bin ...