News

ABU DHABI / WAM The Telecommunications Regulatory Authority (TRA) announced the employment of a number of robots to provide several services to customers and visitors, reflecting the TRA’s keenness to upgrade service delivery mechanisms and towards government process automation. The concept is based on utilising smart solutions and reducing human intervention in the completion of transactions in faster and more ...

Dubai / WAM The Dubai Financial Market and Hawkamah Institute for Corporate Governance, Hawkamah, are currently holding the first board secretary accreditation workshop designed for DFM listed companies. Board secretaries play a vital role in good corporate governance and this practical course is designed to equip participants with knowledge and skills to enhance their effectiveness and provide them with up-to-date ...

­­­­­­­­­­­Bloomberg The UK’s opposition Labour Party wants Britain to stay in the European Union’s single market for an extended period after it leaves the bloc, a shift in its position that could undermine PM Theresa May’s efforts to deliver her vision of Brexit. The proposal, which would mean no additional customs or migration controls in March 2019, would allow more ...

Bloomberg Germany’s back and forth over potential bans for diesel cars in cities is sapping demand for the vehicles and causing a backlog of used models on dealer lots that’s swelled to some $5.3 billion. A deal earlier this month between Germany and Volkswagen AG, Daimler AG and BMW AG to upgrade 5 million newer diesel cars and offer trade-in ...

Bloomberg Texas farmers are assessing damage caused by Hurricane Harvey after it slammed into the coast, knocking over grain storage tanks and damaging cotton crops. At least 100 cotton storage modules —capable of holding 13 to 15 bales —blew away in the Gregory area, said farmer Jeff McKamey, who owns a cotton gin that suffered minor damage when part of ...

Bloomberg Rocket Internet SE-backed e-commerce coupon business Global Savings Group became profitable for the first time, a boon for the Berlin-based startup factory that’s been under pressure to prove it can turn its units into money-making machines. Global Savings, about 40 percent owned by Rocket, said its gross merchandise value, a measure for sales it generates for retailers, about doubled ...

Bloomberg Volkswagen AG operated a top-secret site at its sprawling headquarters to test the diesel technology at the heart of the emissions-cheating scandal, reflecting the lengths those involved went to conceal their actions, people familiar with the matter said. Some engineers used the research facility in Wolfsburg, Germany, to upload the software that manipulated regulatory emissions checks, one of the ...

Bloomberg Neuralink Corp., the startup co-founded by billionaire Elon Musk, has taken steps to sell $100 million in stock to fund the development of technology that connects human brains with computers. The San Francisco-based company has already gotten $27 million in funding, according to a filing with the US Securities and Exchange Commission. Musk said Neuralink isn’t seeking outside investors. ...

Bloomberg The Energy Department, in a long-anticipated report on the security of the US electric grid, makes the case for rescuing the nation’s coal industry from widespread plant shutdowns, but stops short of an assault on renewable power that environmentalists had feared. The study, commissioned by Energy Secretary Rick Perry who has warned that policies favoring solar and wind may ...

Bloomberg Royal Dutch Shell Plc is investigating a solar power project in an Australian region better known for its fossil fuels, particularly coal. The company is studying the feasibility of a solar development on its land in the Western Downs area of Queensland, which is subject to a final investment decision, a spokeswoman said by email. Though Shell’s statement didn’t ...