Dubai / WAM Emirates Health Services (EHS) is taking part in the Arab Health Exhibition & Conference 2023, held from January 30 to February 2 at the Dubai World Trade Centre, where it plans to showcase 19 innovative projects at its booth under the theme “Building the Future of Health Servicesâ€. The projects will be grouped into three main …
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UK factory price inflation eases to slowest pace in almost a year
Bloomberg UK factories’ fuel and raw material costs are rising at their slowest pace in almost a year, further evidence that pipeline inflationary pressures are easing. Input prices rose 16.5% in December from a year ago, down from a peak of 24.6% in June, Office for National Statistics figures published Wednesday show. That was the slowest pace since February …
Read More »US sues Google to break up ad unit in heated antitrust fight
Bloomberg The US Justice Department and eight states sued Alphabet Inc.’s Google, calling for the break up of the search giant’s ad-technology business over alleged illegal monopolization of the digital advertising market. “The lawsuit we have filed today seeks to hold Google to account for what we allege are its longstanding monopolies in digital advertising technologies that content creators use …
Read More »Murdoch ditches Fox, News Corp merger after investor objections
Bloomberg Rupert Murdoch said he was abandoning plans to explore a merger of Fox Corp. and News Corp., two media companies he controls, after investors pushed back on the deal. Fox said Tuesday that it had received a letter from Murdoch saying that he and his son Lachlan, the chief executive officer of Fox, had determined a combination was …
Read More »Microsoft erases gains after saying Azure growth to decelerate
Bloomberg Microsoft Corp. shares declined after the company warned that revenue growth in its cloud-computing business will decelerate in the coming months and corporate software sales will slow, fueling concern about demand for the products that have driven its momentum in recent years. Shares fell as much as 2.7% to $235.51 in pre-market trading. Chief Financial Officer Amy Hood said …
Read More »Germany to boost Ukraine firepower with battle tanks
Bloomberg Germany pledged to supply Ukraine with more than 100 Leopard 2 battle tanks in a joint effort with allies, providing Kyiv’s forces with a significant upgrade in firepower and earning effusive praise from President Volodymyr Zelenskiy. In a first step, Germany will make a company of 14 Leopard 2 A6 tanks available from stocks held by its armed forces, …
Read More »Japan PM Kishida faces pressure to visit Ukraine ahead of G-7
Bloomberg Prime Minister Fumio Kishida said he would consider an invitation extended by President Volodymyr Zelenskiy to visit Ukraine, as Japan’s ruling party No. 2 publicly urged the premier to go ahead with the trip. Kishida told lawmakers Wednesday a decision would be based on the circumstances. Liberal Democratic Party Secretary General Toshimitsu Motegi told parliament it would be desirable …
Read More »UAE cuts fees for 14 services to enhance business environment
Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) has reduced the fees for 14 main and sub services and waived the fee for one service as of January 1. The move aligns with the objectives of the ‘’Make in the Emirates” initiative to create an attractive business environment for local and international investors and support …
Read More »Abu Dhabi to host Fortune Global Forum 2023 in Nov
Abu Dhabi / WAM The UAE’s Capital will host the 2023 Fortune Global Forum from November 27-29, for the first time in the Middle East and North Africa (Mena), the Abu Dhabi Department of Economic Development (Added) announced. Held under the theme ‘A New Era for Business’, the forum will address global agendas currently including market and trade dynamics, …
Read More »Edge invests $14 million in UK firm High Lander
Abu Dhabi / WAM The UAE’s Edge group has announced a strategic investment in High Lander, the company behind Universal UTM, a drone-agnostic unmanned traffic management solution which provides the automation, coordination, and safety much needed in increasingly crowded skies. The $14 million investment creates a ground-breaking partnership and is already forging ongoing deals and high-value opportunities in both the …
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