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Bloomberg India considers ensuring timely delivery of food for millions of poor more important than heeding to concerns over privacy, the country’s top law officer said while defending the biometric identity programme. India’s Attorney General K.K. Venugopal told the Supreme Court the unique digital identity program, called Aadhaar, “an enabler” to ensure food and other subsidies reach the poor and ...

Bloomberg European Union leaders demanded a permanent EU exclusion from US President Donald Trump’s metal-import tariffs and kept alive a threat to retaliate, highlighting persistent risks of a trans-Atlantic trade war. Citing national security, Trump imposed duties of 25 percent on steel and 10 percent on aluminum while granting a five-week waiver to the EU, Canada, Mexico, Brazil, Argentina, Australia ...

Bloomberg The UK’s privacy watchdog searched the London offices of Cambridge Analytica in the wake of allegations that information on millions of Facebook Inc.’s users was scooped up without their consent, widening a probe that cut the internet giant’s share price by more than 10 percent this week. The Information Commissioner’s Office said the search that began on March 23 ...

Bloomberg Embattled Facebook Inc. Chief Executive Officer Mark Zuckerberg has received another call from Congress to testify on the unfolding scandal over reports the company allowed Cambridge Analytica to harvest 50 million users’ data. Senate Commerce Chairman John Thune, the No. 3 Republican in the chamber, and ranking Democrat Bill Nelson issued a joint statement calling on Zuckerberg to testify ...

Bloomberg Hackers increasingly threaten sites in the US ranging from nuclear power plants to water processing systems, according to a member of the Federal Energy Regulatory Commission, adding his voice to warnings from several agencies and officials in recent weeks. “Cyberattacks have the potential to cause significant, widespread impacts on energy infrastructure,” Commissioner Neil Chatterjee said. “Sophisticated hacking tools are ...

Bloomberg Dropbox Inc. exceeded its private valuation in its market debut, as shares soared after pricing above their marketed range in the biggest technology initial public offering of the year. Shares closed at $28.48 apiece in New York on March 23, giving the file-sharing company a market valuation of $11.2 billion. They climbed as much as 50 percent above their ...

Abu Dhabi / WAM The China National Petroleum Corporation (CNPC), the world’s third largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with the Abu Dhabi National Oil Company (ADNOC) on Wednesday. Under the terms of the agreements, CNPC, through its majority-owned listed subsidiary PetroChina, has been granted a ...

ABU DHABI / AGENCIES President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued, in his capacity as the Ruler of Abu Dhabi, a law restructuring Abu Dhabi Investment Council (ADIC) whereby it will become part of the Mubadala Investment Company group. Abu Dhabi is combining two of its investment firms to create a wealth fund with assets of ...

Abu Dhabi / WAM Driven by the strategic partnership between Aldar and Emaar, the largest property companies on the local market, the UAE stocks posted AED5 billion gains. The DFM General Index closed on a high note of 3206 points, 00.75% up from the last traded session, with ADX General Index following suit at 4566 points, 0.91% higher than Tuesday. ...

DUBAI / WAM Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, met senior executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing, and best practice. Discussions covered logistics and supply chain operations, innovative customer care and creating high quality, sustainable services. Bin Sulayem outlined DP World’s operations across 40 countries, and its role in ...