News

  Bloomberg Finance Minister Pawel Szalamacha’s hold on his post didn’t appear that strong to begin with. So when his boss announced a cabinet reshuffle on Friday, investors focused on whether the lawyer tasked with safeguarding Poland’s budget is heading for an exit. Adding to the anxiety, state news agency PAP reported late on Friday that Szalamacha may be ousted ...

  Bloomberg Oracle Corp., which has faced shareholder opposition to its compensation practices, cut pay for its top executives in 2016. Co-founder and chairman Larry Ellison received $41.5 million, a 35 percent decrease from last year. Co-Chief Executive Officers Safra Catz and Mark Hurd each received about $41 million, a 23 percent decline. The drop for the co-CEOs is accentuated ...

  Bloomberg Hong Kong Chief Executive Leung Chun-Ying pledged to provide more land to build apartments for low-income people in a bid to lower housing prices in the world’s least-affordable city. Only a small portion of Hong Kong’s 11 million square kilometers (6.8 million square miles) of land has been developed, and is the reason housing is expensive and land ...

  Montreal / AFP Chinese Premier Li Keqiang called for strong relations with Canada as he wrapped up a three-day visit to the important trading partner. “We have no excuses,” Li told a Canadian-Chinese business council in Montreal. “China and Canada must have win-win cooperation.” Canadian Prime Minister Justin Trudeau and Li announced on Thursday an agreement to begin talks ...

  Bloomberg Hundreds of Takata Corp. airbag inflators pulled from cars in the auto industry’s biggest recall later ruptured in testing, showing the potential risks to drivers. Documents released Friday by the National Highway Traffic Safety Administration (NHTSA) reveal that of 245,000 recalled airbag inflators pulled from cars and tested, 660 ruptured. As many as 15 deaths worldwide have been ...

  Bloomberg An Indian court issued arrest warrants for Malaysian billionaire T. Ananda Krishnan and Ralph Marshall, deputy chairman at Krishnan-controlled Astro All Asia Networks Plc, in connection with an investigation into alleged phone-license corruption. Krishnan controls Malaysia’s Maxis Group. A court in New Delhi said on Saturday it will split the matters into separate cases for allegations against Krishnan ...

  Bloomberg Six years ago, India’s biggest share sale was in commodities. Now, as the IPO market heats up again, the key to investors’ hearts lies in finance. ICICI Prudential Life Insurance’s float has attracted strong demand, drawing orders of 10.5 times the amount of stock available to raise as much as 60.6 billion rupees ($909 million). It’s the nation’s ...

  Dubai / Emirates Business Trade exhibitions related to technology, real estate, education, healthcare and upcoming themeparks are all set to boost the temporary staff requirements as per Dulsco, a regional leader in human resources and waste management. UAE is one of the most sought after destination in the Middle East for the MICE sector (Meetings, Incentives, Conferences and Exhibitions). ...

  Sharjah / Emirates Business Under the patronage of H.H. Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, Expo Centre Sharjah hosts, with the support of the Sharjah Chamber of Commerce and Industry, the 41st edition of the MidEast Watch & Jewellery show from September 27 to October 1. Expo Centre Sharjah ...

  Gordon Haff Special to Emirates Business There lingers the misperception that DevOps is mostly for companies that sport ping-pong tables and have free sushi for lunch. Trendy Web giants out on the technology bleeding edge. Firms that manufacture construction equipment and have large swaths of legacy computer code? Not so much. It’s really not surprising that this misperception exists. ...