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‘Netflix must plow 25% of revenue into content’

Bloomberg France is finalising a bill to force video-on-demand services from Netflix Inc, Amazon.com Inc, Apple Inc, Walt Disney Co and others to invest at least 25% of their revenue derived in the country to fund local productions. The French legislation falls under a European Union directive requiring such companies to ensure that at least 30% of their catalogs are ...

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Twitter’s top lawyer is final word on blocking tweets

Bloomberg A quick scan of Chief Executive Officer Jack Dorsey’s mentions show just how often he’s called upon to lay down the law for the service he helped create. But what users don’t know is that they’re imploring the wrong Twitter Inc executive. While Dorsey is the company’s public face, and the final word on all things product and strategy, ...

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Europe turns up heat on Iran in bid to save nuclear accord

Bloomberg European nations insist they still want to save the Iran nuclear deal, but to do that they now need to turn up the pressure on Tehran. Germany, France and the UK triggered an escalation in the standoff with Iran, starting formal action against the Islamic Republic for breaching restrictions on uranium enrichment set out in the 2015 accord. Violating ...

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Sheikh Mohammed announces launch of ‘Dubai Future District’

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, on Tuesday announced during the second Dubai Council’s meeting, that a new district under the name of ‘Dubai Future District’ dedicated to the new economy will take shape in Dubai. The Dubai Future District will see Dubai World ...

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Nuclear energy to complement UAE’s clean energy transition

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) has participated in the ongoing World Future Energy Summit, part of Abu Dhabi Sustainability Week 2020, to showcase the impactful role that nuclear energy will play in sustainably powering the growth of the country, in line with the UAE Energy Strategy 2050. The Strategy includes a reduction in carbon dioxide ...

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Sharjah’s IGCF 2020 to focus on 4 communication pillars

SHARJAH / WAM The pathway to adopting a broader approach to defining and curating content and debating the strategic role of communication in an age of radical technology disruption will be among the key discussion topics at the ninth edition of the International Government Communication Forum (IGCF). The region’s leading forum on government communication – scheduled to open in March ...

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UAE Minister of Culture meets Japan’s first lady

Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, has received Akie Abe, wife of the Prime Minister of Japan, at the headquarters of the Ministry of Culture and Knowledge Development, who paid a visit to learn about the UAE’s efforts to promote its culture and values. Al Kaabi briefed Abe on the UAE’s ...

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Libya civil war ceasefire talks in Russia fall apart

Bloomberg Talks to end Libya’s civil war broke down after the commander leading the assault on the capital, Tripoli, rejected a proposed truce agreement, throwing open the door to a possible renewal of fighting and deeper foreign intervention. It wasn’t clear what military leader Khalifa Haftar objected to, but his rival, Libya’s United Nations-recognised prime minister Fayez al-Sarraj, had demanded ...

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Xi strikes optimistic tone after riding out trade war with US

Bloomberg With China on the verge of signing a deal with Donald Trump to defuse a nearly two-year trade war, Xi Jinping is exuding confidence. After he warned last year about threats to Communist Party rule and “changes unseen in 100 years,” Xi began 2020 touting “extraordinary Chinese splendour and Chinese strength.” “In the face of severe and complex domestic ...

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India opens antitrust probe into Amazon, Walmart’s Flipkart

Bloomberg India’s Competition Commission has opened an antitrust probe into Amazon.com Inc and Walmart Inc’s Flipkart Online Services Pvt, over exclusive arrangements between the retailers and mobile phone brands and preferential treatment given to some sellers. A complaint by a New Delhi-based traders’ body cited “instances of several vertical agreements between Flipkart with their preferred sellers on the platform” and ...

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