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Bloomberg The US Federal Communications Commission (FCC) affirmed its decision to designate ZTE Corp as a national security threat over concerns telecommunications gear made by the Chinese company could be used for spying. The action shows that the FCC remains determined to drive ZTE and fellow Shenzhen-based manufacturer Huawei Technologies Co from the US market, where small rural carriers rely ...

Bloomberg The UK lost a “crucial month” in its fight against coronavirus because it was too slow to respond to a shortage of ventilators, while the delay in sourcing protective equipment came at a cost of 10 billion pounds ($13.3 billion) to the taxpayer, according to two spending reports. Ministers only started efforts to buy more ventilators on March 3, ...

Bloomberg Dell Technologies Inc and HP Inc reported quarterly revenue that topped Wall Street estimates, lifted by customer upgrades of personal computers for remote work and school during the pandemic. Dell’s sales climbed 2.8% to $23.5 billion in the period that ended on October 30, the Round Rock, Texas-based company said Tuesday in a statement. Rival HP reported it shipped ...

DUBAI / WAM Etihad Credit Insurance (ECI) the UK Export Finance (UKEF) have announced the signing of a reinsurance agreement to enhance the competitiveness, scale and scope of both countries’ export industry through strategic partnership and cooperation. The agreement, which was signed by Massimo Falcioni, CEO of ECI, and Louis Taylor, CEO of UKEF, aims to provide a robust turnkey ...

DUBAI / WAM The Dubai Foundation for Women and Children is launching its sixth violence against women campaign in the UAE, in conjunction with the global UNiTE to End Violence against Women campaign launched by the Secretary-General of the United Nations. The 16 day campaign will run from November 25 (International Day for the Elimination of Violence against Women) to ...

ABU DHABI / WAM The Department of Culture and Tourism (DCT) Abu Dhabi has relaunched its ground-breaking programme for selecting and hiring Emirati talent into the workplace. The programme, called Emirati Talents, was officially launched in November 2019 with a series of innovative events that engaged interested candidates in activities and challenges to assess the next generation of Emirati talent. ...

Bloomberg China may delay the launch of its national carbon market for power companies to the first half of 2021, according to a researcher who helped the government design the emissions trading system. Actual trading of emission allowances will likely begin next year, Zhang Xiliang, director of Tsinghua University’s Institute of Energy, Environment and Economy, said at the International Finance ...

Bloomberg President-elect Joe Biden is delivering a not-so-subtle rebuke to President Donald Trump with his choices of nominees to lead two key national-security agencies. For his director of national intelligence, Biden has selected Avril Haines, a former top CIA official with years of experience in the espionage community who would fill a job that Trump had largely reserved for people ...

Dubai / Emirates Business AquaChemie Middle East — a leading chemical sales and services company and part of the UAE-based AquaChemie Group — on Monday broke ground on its strategic,world-class petrochemical terminal in DP World’s flagship, Jebel Ali Port, Dubai. The AED 150mn ($40 million) project will serve as a vital gateway, facilitating and boosting the growing petrochemical trade between ...

DUBAI / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the latest oil discoveries in the Emirate of Abu Dhabi will drive economic growth in the UAE and strengthen its position as a credible energy supplier. The Supreme Petroleum Council (SPC), announced the discovery of substantial recoverable unconventional oil resources located onshore, estimated at 22 ...