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BJP suffers big defeat in state polls adding to Modi’s woes

Bloomberg India’s Prime Minister Narendra Modi’s political troubles deepened with his Bharatiya Janata Party lost control of the mineral-rich eastern state of Jharkhand in poll results out Monday. The results come as the government struggles to contain growing nationwide protests against a new federal religion-based citizenship law that’s seen at least 24 people killed in clashes between police and demonstrators. ...

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Vietnam-linked hacking group hits Toyota, other companies

Bloomberg A Vietnam-based hacking group is learning from China’s playbook, using increasingly sophisticated cyber-attacks to spy on competitors and help Vietnam catch up to global competitors, according to cybersecurity experts. In the last two years, the group, which is believed to be tied to the Vietnamese government and known as APT32, has ramped up its cyber-espionage, particularly in southeast Asia, ...

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China vows more support for private sector to stabilise growth

Bloomberg China unveiled its latest slate of measures designed to bolster private-sector businesses as policy makers double down on efforts to support what is by far the country’s largest source of jobs. The steps announced by the State Council, China’s cabinet, aim to help private firms gain better market access and equal regulatory treatment as their state-owned peers. Among actions ...

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Tesco suspends Chinese card maker on forced labour row

Bloomberg UK grocery giant Tesco Plc suspended its supply of Christmas cards from a Chinese factory and said it was investigating a newspaper report that prison labour was used in their production. All the cards produced by the factory have been withdrawn from sale, Tesco said in a statement. If the investigation shows a breach of the company’s rule against ...

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Germany expects gas pipeline delay before completion

Bloomberg The Nord Stream 2 gas pipeline should be completed in the second half of next year, despite the US sanctions that prompted one of the companies involved to halt operations, although costs will rise, a senior German official said. Switzerland’s AllSeas Group SA removed vessels that were laying the last section of the pipeline connecting Russia with Germany, which ...

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UK productivity malaise named country’s ‘statistics of the decade’

Bloomberg The UK’s dismal productivity performance since the financial crisis has been named the country’s “statistics of the decade” by the Royal Statistical Society. The society chose “0.3%” — the estimated average annual increase in productivity in the past 10 years. That compares with the 2% average increase in hourly output in the years before 2008. The performance, the worst ...

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EDB’s free online platform to support entrepreneurs

Dubai / WAM Emirates Development Bank (EDB), on Sunday signed an agreement to launch an online empowerment platform that will provide free essential resources and content to help entrepreneurs at various stages of their business development. Powered by Potential.com, the online platform will provide visitors to EDB’s website, as well as the general public, access to business courses, templates and ...

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Abu Dhabi breaks world record for largest AR screen

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi has just been awarded with the Guinness World Records title for the ‘Largest Augmented Reality (AR), Screen’, as part of a pioneering augmented-reality advertising campaign to promote the UAE capital as a world-leading holiday destination. The latest marketing campaign utilised the famous 40-foot digital billboard known as ...

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UAE, Oman ink deal to enhance trade, economic cooperation

DUBAI / WAM The UAE federal export credit company, Etihad Credit Insurance (ECI), signed a Memorandum of Understanding (MoU), with the Export Credit Guarantee Agency of Oman (Credit Oman), to enhance trade and economic cooperation between the two countries. The signing took place during the 10th AMAN UNION General Assembly, held in Muscat. The MoU was signed by Massimo Falcioni, ...

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Hedayah, UNOCT to expand cooperation

ABU DHABI / WAM Hedayah, the International Centre of Excellence for Countering Violent Extremism (CVE), signed a memorandum of understanding on the margins of the Civil Society Workshop, with the United Nations Office of Counter-Terrorism (UNOCT). According to a statement released by the centre, the memorandum will further expand the reach of programmes to prevent radicalisation leading to violent extremism ...

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