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Brexit talks put on hold as stalemate deepens

Bloomberg The UK and the European Union are on course to miss a key milestone on the road to a Brexit deal after talks hit a roadblock on Sunday. Negotiations are now paused, putting pressure on leaders to step into the breach later this week. A weekend of intense negotiations—including a surprise dash by Brexit Secretary Dominic Raab to meet ...

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Australia is wrestling with saving Great Barrier Reef

Bloomberg Ask four Australians why the Great Barrier Reef is bleaching, and you’ll hear four different answers. A travel agent in Brisbane says it’s because of the cyclone that hit last year. Another one just down the street blames “some sort of starfish.” A tour guide in Cairns says bleaching is a natural part of the coral life cycle; another, ...

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Softbank slide deepens to $22bn amid tech rout

Bloomberg SoftBank Group Corp. has been battered over the past two weeks as technology stocks plummet globally. SoftBank shares fell 7.3 percent to 9,251 yen at the close in Tokyo on Monday, pushing the decline in market value to $22 billion since its peak this year. The stock had gained 29 percent this year through September 28 as investors began ...

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Trump threatens more China tariffs, doesn’t seek ‘depression’

Bloomberg President Donald Trump threatened to impose another round of tariffs on China and warned that Chinese meddling in US politics is a “bigger problem” than Russian involvement in the 2016 election. Asked in an interview with CBS’s “60 Minutes” whether he wants to push China’s economy into a depression, Trump said “no” before comparing the country’s stock-market losses since ...

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Netflix earnings will test waters for tech giants

Bloomberg Beleaguered technology investors are looking to Netflix Inc. to stop the bleeding. The company’s earnings are poised to be even more closely watched than usual after last week’s market rout. Netflix is one of the first major US companies to report third-quarter results — and 2018’s best-performing FAANG stock — making it especially influential in the wake of a ...

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Carl Icahn blasts Dell plan to return to public markets

Bloomberg Activist investor Carl Icahn has come out against Dell Technologies Inc.’s plan to return to public markets, arguing that the proposed transaction undervalues shares that track its stake in VMware Inc. The billionaire said he would solicit votes against the deal and potentially propose an alternative transaction allowing investors to cash out if they want. Icahn also disclosed in ...

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UAE team is preparing to launch KhalifaSat from Japan

DUBAI / WAM A team from Mohammed bin Rashid Space Centre (MBRSC), have conducted the final technical tests on KhalifaSat, which arrived at Tanegashima Space Centre in Japan. KhalifaSat was prepared for mating with the launch vehicle, Rocket H-IIA, and has been successfully installed into it and is awaiting launch on October 29. The satellite is stored within a specially ...

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UAE has earned good reputation among international investors

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, on Monday launched the 38th Gitex Technology Week at the Dubai World Trade Centre (DWTC). Sheikh Hamdan bin Mohammed toured the five-day exhibition, which involves 4,000 government authorities and private sector companies that specialise in information technology, artificial intelligence (AI), blockchain, robotics, ...

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Family separations may deter illegal US entries, says Trump

Bloomberg President Donald Trump said migrant families may think twice about illegally crossing the US border from Mexico if they fear they’ll be separated by the US government, suggesting he’s rethinking a policy abandoned in July after widespread public condemnation. “We have people trying to come in like never before,” Trump told reporters as he departed the White House for ...

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UAE presents its gender equality model before IPU

Geneva / WAM During its participation in the Inter-Parliamentary Union in Geneva, the Federal National Council’s (FNC), Parliamentary Division has presented the country’s experience in promoting gender equality in the scientific and technological sectors, and ensuring women’s empowerment in all fields. The 139th Assembly of the IPU is taking place in Geneva, Switzerland, until October 18. While attending the Human Rights ...

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