Uncategorized

Bloomberg When Twitter Inc executives met their activist investor agitators from Elliott Management Corp for the first time last week, the man with the most to lose was absent. Jack Dorsey, the Twitter chief executive officer whose role is in the crosshairs, didn’t attend the summit in San Francisco where his future was the main topic of conversation, according to ...

DUBAI / WAM Dubai Silicon Oasis Authority (DSOA) on Sunday signed a strategic agreement with Dubai Chamber of Commerce and Industry to support start-ups and entrepreneurs in Dubai. The agreement was signed between Dubai Technology Entrepreneur Campus, Dtec, the largest tech hub and coworking space in the Mena region, wholly owned by DSOA, and Dubai Startup Hub, an initiative of ...

ABU DHABI / WAM An AED254.4-million infrastructure project has been completed in the Al Shawamekh area, Abu Dhabi. Musanada, the Abu Dhabi General Services Company delivered sectors 7 & 12 of the roads and infrastructure project in the area, which included constructing internal roads and building infrastructure for residential plots spanning 2.2 million square metres. In a statement on Sunday, ...

DUBAI / WAM The gold and jewellery market, which is among the pillars of Dubai’s reputation as a global retail hub and shopping destination, continues to enjoy consumer confidence and remain a leading economic activity in the emirate. Efforts by the Commercial Compliance and Consumer Protection, CCCP, sector at Dubai Economy to improve awareness over consumer rights, while also strengthening ...

Dubai / WAM Dubai Future Accelerators (DFA), an initiative of Dubai Future Foundation (DFF), launched the 7th cohort of its programme that seeks to position Dubai as a hub for innovation, emerging technologies and an ideal destination for start-ups and entrepreneurs with bold solutions to future challenges. Based on the requirements provided by the participating entities – Dubai Police, Dubai ...

Bloomberg South Korea urged the US to “refrain from taking excessive measures” after the State Department raised its travel advisory on the Korean city of Daegu, where most of the nation’s novel coronavirus cases are centred. Foreign Minister Kang Kyung-wha spoke to US Deputy Secretary of State Stephen Biegun by phone, according to a statement from the South Korean foreign ...

Bloomberg In an October post on TikTok, digital magician and video star Zach King walks up to the counter at Chipotle to receive a burrito bowl with chips. After he pays, he jumps and his clothes change in an instant into astronaut gear. Soon, everything in the store is floating in apparent zero gravity. Another star, Brittany Broski — known ...

Bloomberg Qualified labs will be able to develop and use their own coronavirus screening tests without waiting for an FDA authorisation, under a policy change that aims to address test-kit shortages that have come under heavy criticism. The Food and Drug Administration announced the move, hours after the Centres for Disease Control and Prevention announced four new cases of the ...

Bloomberg Sajid Javid was planning to reduce the basic rate of income tax, cut the tax on home sales and offer relief on capital investments in the budget he was expecting to present as Boris Johnson’s finance minister. In an interview with the Times conducted two weeks after he quit the government in a dispute with the prime minister, Javid ...

Bloomberg General Motors Co said it will hire 1,200 new workers for its two plants in Lansing, Michigan, in part because of rising demand for the company’s mid-sized sport utility vehicles. The automaker plans to add a third shift and 800 workers at its Lansing Delta Township plant, where it builds the Chevrolet Traverse and Buick Enclave SUVs. GM also ...