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Bloomberg Hungarian Prime Minister Viktor Orban said German Chancellor Angela Merkel was “brilliant” for the way she resolved a dispute over the European Union’s $2.2 trillion budget and stimulus package, in an interview in Welt am Sonntag. Germany brokered the compromise that led Hungary and Poland to drop a threat to veto the plan, which would make payments to EU ...

Bloomberg Nokia Oyj said it expects margins for its networking business to be zero next year as it focuses on “regaining 5G leadership.” The company will develop its products for so-called Open RAN, a type of architecture that allows operators to use equipment from multiple vendors, and virtual RAN, which can be run as software on generic hardware, Nokia said ...

Bloomberg Elon Musk inquired about converting “large transactions” of Tesla Inc.’s balance sheet into Bitcoin in a Twitter exchange with Michael Saylor, a prominent booster of digital currency. In a series of tweets, Saylor, chief executive officer of Microstrategy Inc., encouraged the billionaire to shift US dollars from the electric-car maker to Bitcoin and “do your shareholders a $100 billion ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, visited a number of vital, academic and service projects in the city of Khorfakkan on Sunday morning. During the tour, the Ruler of Sharjah listened to an explanation from Ali bin Shaheen Al Suwaidi, Chairman of Sharjah Directorate of Public Works ...

ABU DHABI / WAM Abu Dhabi Waste Management Centre (Tadweer) on Sunday opened an environmentally friendly waste treatment complex named “Eco Park” as part of its efforts to promote sustainable waste management in the Emirate of Abu Dhabi. Located about 70 kilometres from Abu Dhabi city on Hamim Road, the complex is spread over an area of 1.8 million square ...

DUBAI / WAM Dubai Municipality has won the global Most Innovative Knowledge Enterprise (MIKE) award, making it one of the five best institutions in the world in the field of knowledge management and innovation. One of the oldest and most prestigious international awards in the field, the MIKE Award is a global benchmarking study that assesses effective knowledge management and ...

DUBAI / WAM As part of its Artificial Intelligence (AI) roadmap, Dubai Electricity and Water Authority (Dewa) has launched phase 3 of Rammas, its virtual AI employee, for customers to obtain additional services such as Easy Pay, Dewa Store offers and participate in the Customer Happiness Index. Project builders, including consultants and contractors, can track their applications for NOC certificates, ...

Bloomberg Danish electrolyser startup Green Hydrogen Systems A/S raised 28 million euros ($34.3 million) to scale up production of the technology that’s at the heart of the European Union’s climate goals. Competition is heating up among makers of the machines to capture a wave of orders that will make up the EU’s first generation of utility-scale green hydrogen production funded ...

Bloomberg President Donald Trump downplayed the severity of a massive cyber-attack on the US government and suggested China may have been responsible — even as other US officials are convinced Russia was the perpetrator. In doing so on Twitter, the president contradicted assessments from senior officials within his own administration who’ve blamed Moscow for the intrusion of at least half ...

Bloomberg More than 16 million Britons are now required to stay at home as a lockdown came into force Sunday in London and southeast England, part of Boris Johnson’s attempt to control a fast-spreading new strain of the coronavirus. The measures ban household mixing in the capital and the southeast, and restrict socialising to just Christmas Day across the rest ...