Uncategorized

Bloomberg Citic Securities Co is tightening control over its CLSA Ltd unit, following an exodus of staff and top executives from the Hong Kong brokerage last year amid a clash over corporate culture and bonus levels. China’s biggest broker is creating a “coordination committee” at CLSA, which will include its president Yang Minghui and Chairman Zhang Youjun, according to people ...

Bloomberg Samsung Electronics Co’s quarterly earnings beat estimates after memory chip prices began to climb out of a persistent downturn. The world’s largest memory chip maker reported a 34% fall in operating income to 7.1 trillion won ($6.1 billion) in the three months ending December, according to preliminary results released on Wednesday by the Suwon, South Korea-based company. That compares ...

Bloomberg Iran fired more than a dozen missiles at US-Iraqi airbases in retaliation for an American airstrike that killed a top Iranian general, yet the potential for a dramatic escalation was mitigated by the fact that there were no US casualties. A US official said guided missiles were used in the attacks, and Iran appeared to be shooting to miss. ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) signed on Tuesday, an agreement with Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF) to improve the pension offering of ADNOC’s UAE national employees, the majority of which are based at onshore and offshore operational sites. The signing of the agreement was witnessed by HH Sheikh Khalid bin Mohamed ...

FUJAIRAH / WAM His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, has continued his inspection tour in a number of areas in the Emirate of Fujairah, to inspect the living conditions of the citizens. His Highness Sheikh Hamad stressed the country’s keenness to continuously communicate with its citizens, inspect their conditions, and monitor ...

Abu Dhabi / WAM Abu Dhabi Sustainability Week 2020 will begin a new decade of ambitious global work to achieve the United Nation’s Sustainable Development Goals (SDGs), for 2030. With the start of a new decade, Abu Dhabi Sustainability Week is a key event in the world of sustainability, as it gathers specialists and experts from around 175 countries and ...

ABU DHABI / WAM Denmark has selected the United Arab Emirates as its only partner in the Middle East for its Carbon Diplomacy, a top Danish diplomat told the Emirates News Agency, WAM. “A significant aspect in bilateral relations is the importance Denmark attaches to the UAE with regard to cooperation in energy, environment and climate change,” Franz-Michael Skjold Mellbin, ...

Bloomberg Three dozen mourners were crushed to death in a stampede at the funeral for a powerful Iranian general slain in a US drone strike. Qassem Soleimani’s exploits in conflicts from Syria to Yemen made him a national hero, and hundreds of thousands have turned out this week as his funeral procession stopped in various cities, first in Iraq, where ...

Bloomberg Tesla Inc kicked off production in China, marking a major step in Chief Executive Officer Elon Musk’s global push for electric-vehicle domination and heralding what could be the dawn of real competition in the world’s largest EV market. Musk presided over a ceremony on Tuesday at a new multibillion-dollar plant near Shanghai — its first outside the US — ...

Bloomberg Samsung Electronics Co’s experimental research arm has brought to CES 2020 a demonstration of what it calls the world’s first artificial human, a virtual simulation of a human intelligence that learns, converses and sympathizes like a regular person. Each simulated human — which would exist only on screens, not in the real world — would be called NEON, and ...