Bloomberg Just a few weeks into California’s dry summer season, fires linked to PG&E Corp. have already started to break out. More than 2,000 acres burned in Monterey County last week, with power lines blamed as the cause. Earlier this month, a transformer burst into flames in Marin County, north of San Francisco, and ignited a brush fire. In San ...
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Abu Dhabi / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, on Wednesday inaugurated one of the world’s largest offshore oil platforms – the Umm Lulu Gas Treatment Plant (ULGTP), in the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and His ...
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Abu Dhabi / WAM The two-day agenda for the upcoming inaugural Abu Dhabi Climate Meeting (ADCM), has been announced, with UN Secretary-General Antonio Guterres set to welcome more than 1,000 of the world’s leading political figures and climate action experts to the UAE capital. Set to run on June 30 and July 1 at Emirates Palace in Abu Dhabi, the ...
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NEW DELHI / WAM More than 200 start-ups across New Delhi and Bengaluru expressed their interest in entering the Dubai market during a roadshow organised recently by the Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry. A total of 10 shortlisted start-ups in both cities were given the opportunity to pitch their businesses to a ...
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Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (FANR), reviewed its performance report during Q1 of the year, discussing the various planned activities to be undertaken across the year supporting its mission in regulating the nuclear sector in the UAE. The Board learned about latest updates of the FANR ongoing review of ...
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Bloomberg American technology companies have resumed selling certain products to Huawei Technologies Co after concluding there are legal ways to work with the Chinese telecom giant in spite of its inclusion on a Trump Administration blacklist. Micron Technology Inc, the largest US maker of computer memory chips, said that it had started shipping some components to Huawei after its lawyers ...
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Bloomberg India is considering tougher rules for audit firms, including a cap on the number of listed companies they can examine, according to a person with knowledge of the matter, as the government seeks to tighten oversight after a recent spate of governance lapses. To stamp out conflicts of interest, the corporate affairs ministry is also weighing either a complete ...
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Bloomberg FedEx Corp. predicted a “transition year’’ for fiscal 2020, with an improving outlook for e-commerce profits tempered by concerns that international trade tensions will worsen. Revenue per package in the ground-delivery operation rose 2.2 percent in the quarter ending on May 31 as volume growth accelerated to 8.8 percent, FedEx said in a statement. That signalled progress in the ...
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Bloomberg Tesla Inc. could be on the verge of a quarterly record for vehicle deliveries, though the electric carmaker will need to go “all out†in the last few days of the month, Chief Executive Officer Elon Musk wrote in an internal memo. “There is a lot of speculation regarding our vehicle deliveries this quarter,†Musk told employees in an ...
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Bloomberg A group of creditors angling for control of PG&E Corp. is pushing to scuttle the bankrupt utility’s $31 billion restructuring plan. An ad hoc committee of unsecured lenders filed a motion to terminate the period of exclusivity that PG&E has to file a plan for emerging from Chapter 11, according to a court filing. That period ends on September ...
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