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Bloomberg Apple Inc. CEO Tim Cook met with US Treasury Secretary Steven Mnuchin at the technology giant’s new Apple Park campus in Cupertino, California, according to a tweet from Mnuchin. In the Twitter post, Mnuchin thanked Cook for a commitment to invest $350 billion in the US. Earlier this year, Apple said it would be investing that amount in the ...

Bloomberg UK labour costs are rising at their fastest pace in more than two years, latest figures showed. The cost of employing someone for an hour of work rose 3.7 percent in the fourth quarter compared with a year earlier, up from 3.1 percent in the previous three months and the most since the July-September period in 2015, the Office ...

Bloomberg When Diane Greene first joined Google in late 2015, her first task was to assemble the company’s disparate and often-wayward cloud projects and whip them into a real business. Sales, marketing and engineering divisions didn’t work together well when pitching companies on Google’s internet-based computing power, storage and services. And some cloud offerings lacked proper credentials to sell to ...

DUBAI / WAM DHL has unveiled MyDHL+, an industry-leading global shipping application in the UAE, which will bring new levels of speed and simplicity to the cross-border shipping process. Shippers ranging from small businesses to large global corporations will be able to benefit from MyDHL+ and its intelligent, streamlined interface, which means fewer steps and considerably greater functionality than anything ...

Bloomberg Stephen Hawking, the British physicist and black-hole theorist who brought science to a mass audience with the best-selling book ‘A Brief History of Time,’ has died. He was 76. Hawking died peacefully at his home in Cambridge in England in the early hours of Wednesday morning, a spokesman for his family said in an emailed statement. “We are deeply ...

Dubai / Emirates Business In the fourth quarter of 2017, MENA IPO activity witnessed eight deals, representing a 60% surge in volume over the same period in 2016. The MENA IPO value, or capital raised, amounted to $2.5 billion in Q4 2017, over ten times the capital raised last year and the highest since 2014. The UAE led the MENA ...

Dubai / Emirates Business Microsoft revealed plans to deliver the intelligent, trusted Microsoft cloud from its first data centres located in the Middle East, empowering organisations, governments, and businesses to achieve more and recognising the unprecedented opportunity for digital transformation in the region. The Microsoft Cloud, comprising Azure, Office 365 and Dynamics 365, will offer enterprise-grade reliability and performance, combined ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) achieved a total electricity savings of 1072 MW in 2017, valued at AED2.8 billion. District Cooling saves approximately 50% of power used for cooling, compared to conventional cooling systems, according to a study conducted by the United Nations Energy Efficiency Initiatives. This makes district cooling one of the top energy-efficient and ...

Dubai / Emirates Business Azizi Developments, one of the leading private developers in the UAE, has awarded two contracts worth AED1.5 billion for the construction of Phase 1 of Azizi Victoria, which will commence immediately. Two contractors have been appointed to build 32 buildings with 4,000 units. Green Modelling Contracting has been appointed to construct 16 buildings and Modern Civil ...

Abu Dhabi / WAM Reem Abdullah Al Falasi, Secretary-General of the Supreme Council for Motherhood and Childhood (SCMC), said that the majority of the programmes and plans of the Council for children are aimed at creating a suitable environment to raise them on the correct values and principles, preparing them for the future. In a statement marking the UAE’s celebration ...