News

  Dubai / WAM Dubai Cares, part of the Mohammed bin Rashid Al Maktoum Global Initiatives, announced the creation of a new research programme, known as Evidence for Education in Emergencies (E3), at a special event in New York during the week of the opening of the 71st United Nations General Assembly (UNGA). The launch event was hosted jointly by the ...

  Abu Dhabi / Emirates Business Abu Dhabi Media is celebrating the first anniversary of the launch of Majid TV and the important contributions it has made to reviving the cultural and historical heritage of Majid Magazine. Majid, which also has a strong online presence, including a website and a number of social media channels, seeks to engage children in ...

  Bloomberg Jeremy Corbyn was re-elected as the leader of Britain’s Labour Party with an increased share of the vote and then urged the movement to heal its bitter divisions and unite against Conservative Prime Minister Theresa May. Corbyn took 62 percent of the votes of more than 500,000 party members and supporters, according to the result announced on Saturday ...

  Bloomberg Petroleo Brasileiro SA plans to sell its stake in petrochemicals producer Braskem SA before the end of 2018 to help fund its business plan and reduce debt, Chief Financial Officer Ivan Monteiro said. Petrobras, as the Rio de Janeiro-based state-run producer is known, has included the Braskem stake in a plan to raise $19.5 billion through divestitures in ...

  Bloomberg First Solar Inc. and SunPower Corp., the two biggest U.S. solar manufacturers, rose after their jointly controlled yieldco raised about $102.6 million to acquire completed power plants from its parents. First Solar rose 4.6 percent to $37.06 at the close in New York, the most since June 28. SunPower rose 3.3 percent to $8.52. 8Point3 Energy Partners LP, ...

  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 ...