News

Tadweer creates awareness on occupational safety and health

  Abu Dhabi / Emirates Business Tadweer (The Center of Waste Management – Abu Dhabi), which is the Waste Sector Regulatory Authority delegated by Abu Dhabi Occupational Safety and Health Center (OSHAD) to follow up implementation of requirements Abu Dhabi Occupational Safety and Health System Framework (OSHAD SF) in the waste sector, organized the 2nd awareness workshop on the occupational ...

Read More »

Majid Al Futtaim to bring American Girl to Middle East

  Dubai / Emirates Business Majid Al Futtaim, the leading shopping mall developer, retail and leisure pioneer across the Middle East and North Africa on Monday announced that it has secured an exclusive retail agreement with American Girl®, a division of Mattel, Inc. and a premium brand for girls known for its high-quality doll, content, and unforgettable experiences. American Girl’s ...

Read More »

Turkey economy shrinks unexpectedly in coup attempt fallout

  Bloomberg Turkey’s economy unexpectedly shrank in the third quarter, led by a slump in consumption, in the most significant sign yet that July’s failed coup and the political turmoil it provoked are weighing on confidence. It’s the first time in seven years that Turkey has announced a contraction. The lira weakened. Gross domestic product shrank an annual 1.8 percent ...

Read More »

$1bn clean energy fund gets backing from rich individuals

  Bloomberg Bill Gates and more than a dozen of the world’s wealthiest individuals revealed a new $1 billion investment fund to foster major advances in clean energy production. Dubbed Breakthrough Energy Ventures, the 20-year fund is backed by a mix of technology luminaries and heavyweights from the energy industry. The goal is to pump money into risky, long-term energy ...

Read More »

Online shopping boom empties China malls

  Bloomberg While China’s online shopping giant Alibaba Group Holding Ltd. racked up $18 billion of sales over a single day last month, a broader picture of retail conditions isn’t as rosy when it includes brick-and-mortar shops. Foot traffic to malls and restaurants declined in November amid a surge in online shopping activity, according to data from Baidu Inc., operator ...

Read More »

Tencent looks to Hollywood deals in race towards own blockbusters

  Bloomberg Tencent Pictures, the film unit of China’s biggest internet company, is looking for acquisitions that can accelerate plans to make its own blockbusters instead of just writing checks for them. The potential targets could be in Hollywood and include companies on both the creative and production sides of movie making, Chief Executive Officer Edward Cheng said in an ...

Read More »

Tata accuses Mistry of breach of governance

Bloomberg Tata Group wants to remove Cyrus Mistry, the former chairman of the conglomerate, from all its company boards, citing a breach of governance and failure to distance himself from Shapoorji Pallonji & Co. and other companies owned by his family. The fresh allegations were made in a Tata Sons statement Sunday and come ahead of an extraordinary general meeting ...

Read More »

Nintendo jumps as public gets first taste of Super Mario Run

  Bloomberg Nintendo Co. rose to the highest in more than four months after starting to market its upcoming Super Mario Run smartphone game, including giving fans a chance to try out the game in Apple Inc. retail stores ahead of its Dec. 15 release. The stock climbed 3.7 percent as of midday in Tokyo, the highest since July 19. ...

Read More »

In global first, India offers discounts for online payments

  Bloomberg India has become the first nation to subsidize the use of digital cash after the government unveiled a raft of measures including discounts on online payments for insurance policies, rail tickets and highway toll charges. Exactly 30 days after junking existing high-value 500 and 1,000 rupee notes, Finance Minister Arun Jaitley sought to draw Indians toward digital payments ...

Read More »

Philips to sell Lumileds majority share for $1.5bn

  Bloomberg Dutch electronics giant Philips announced on Monday the sale of a majority share in its Lumileds LED lighting business for $1.5 billion, after cancelling the spinoff earlier this year over US regulatory concerns. “Royal Philips announced that it has signed an agreement to sell an 80.1-percent interest in Lumileds to certain funds managed by affiliates of (US-based) Apollo ...

Read More »
Send this to a friend