Uncategorized

Bloomberg Huawei Technologies Co’s ability to make inroads into Europe’s future telecom infrastructure may be more about regulatory hurdles than outright bans. The US has been engaged in a vocal campaign to keep Chinese tech companies out of advanced 5G networks that promise faster connections, enabling uses such as autonomous vehicles and remote surgery. US President Donald Trump’s administration has ...

Bloomberg Just months after being freed from US sanctions, Russia’s largest aluminum maker plans to invest in a new aluminum rolling mill in Kentucky. United Co Rusal, controlled by billionaire Oleg Deripaska until the US Treasury forced him to reduce his stake earlier this year, intends to invest up to $200 million in the plant being built by closely held ...

Bloomberg The European Union has taken a closer look at how Google uses operations in Ireland to help reduce its corporate tax obligations within the trade bloc, two people familiar with the matter said. Officials from the European Commission, the EU’s executive arm, held in-depth talks with Irish authorities late last year about whether the Internet-search unit of Alphabet Inc. ...

Bloomberg Trafigura Group Ltd. will take control of Nyrstar NV, Europe’s biggest zinc smelter, as part of a deal to restructure the struggling company’s debt and steer it away from bankruptcy. Under the agreement, Trafigura — Nyrstar’s main shareholder as well as a top supplier, customer and financier — offered a package of its own debt securities to Nyrstar’s creditors ...

Bloomberg Sudanese pro-democracy protesters won further concessions from the army that overthrew President Omar al-Bashir, as upheaval in the ruling military council signals a power struggle among the remnants of his 30-year regime. Since taking control, the council has cancelled its curfew, freed prisoners, changed leadership and vowed to review laws that brought trials for perceived indecency or apostasy, all ...

ABU DHABI / wam All Abu Dhabi International Book Fair (ADIBF), exhibition areas have sold out, with more than 100 publishers on the waiting list, the Department of Culture and Tourism – Abu Dhabi revealed on Sunday. At a press conference held at Manarat Al Saadiyat, DCT Abu Dhabi also announced that this year’s edition will see the introduction of ...

DUBAI / WAM Emirates Post announced that it won its third International Express Mail Services (EMS) accolade for outstanding Customer Services, making the UAE the only Arab country to win the award three times. Granted by the EMS unit of the Universal Postal Union (UPU), the award reaffirms the organisation’s position as leading postal, express delivery and courier firm that is ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Sunday that it has entered into a follow-on pipeline infrastructure investment agreement with the Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF). ADRPBF will invest AED1.1 billion ($300 million), following BlackRock and KKR who in February of this year signed the initial investment agreement to invest AED14.7 ...

Dubai / WAM The UAE is set to host the world’s foremost artificial intelligence summit to empower global dialogue on the future of government, business and society. The inaugural ‘Ai Everything’ will take place at the Dubai World Trade Centre (DWTC), between April 30 and May 1. Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

Bloomberg Reliance Communications Ltd denied it received favourable treatment by France in settling a tax dispute at a time when it was negotiating to become Dassault Aviation SA’s partner for a contract to sell fighter jets to India. The Indian company, owned by former billionaire Anil Ambani, issued the denial after Le Monde newspaper reported that four years ago France ...