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Bloomberg India is witnessing a listless growth in electricity demand, possibly signalling more slowdown in Asia’s third-largest economy. Electricity requirement from distribution utilities in February rose 1.3 percent from a year earlier and barely changed from January’s 1.1 percent, the weakest growth in two years, according to the power ministry’s Central Electricity Authority. Data for power generation, a proxy for ...

Bloomberg Publicis Groupe SA agreed to buy digital marketing firm Epsilon from Alliance Data Systems Corp. for $4.4 billion in cash, propelling the French advertising group further beyond a weakening conventional ad business in its biggest takeover yet. Epsilon’s services span loyalty programs to email marketing and its Conversant unit collects consumer data including transactions, location and web activity. The ...

Bloomberg For all the ink spilled over climate change and the global energy transition, the world’s biggest energy companies are focusing on where it all began: American oil. Chevron Corp.’s $33 billion acquisition of Anadarko Petroleum Corp.will make the US company the largest producer in the dusty plains of the Permian Basin by giving it control of an oil-rich area ...

Bloomberg The year was 1989 and Mark Read, armed with degrees from top-tier academic institutions and an appetite for business, wrote an application to Martin Sorrell, the founder of a little-known advertising outfit snapping at the heels of the titans on Madison Avenue. The letter landed Read his first job at WPP Plc and in the next years, the soft-spoken ...

Bloomberg Sudan’s transitional military council announced an end to a curfew and a commitment to hand power to a civilian government within two years, signalling that pro-democracy protests are weakening the army’s grip in the oil-producing African nation. The moves followed the decision of Defense Minister Ahmed Awad Ibn Auf to stand down as the head of the council less ...

Dubai / Emirates Business The Ministry of Climate Change and Environment (MOCCAE) on Saturday launched the Fujairah Cultured Coral Reef Gardens, the largest project of its kind in the UAE, in collaboration with Fujairah Municipality, Dibba Fujairah Municipality and the Fujairah Adventures. In line with the Ministry’s strategy to protect the UAE’s biodiversity and ensure its sustainability, the project is ...

DUBAI / WAM The Roads and Transport Authority (RTA), has integrated a robot-operated vehicle registration plate maker in Dubai. The fully-automated machine can produce 33,000 plates per day. It applies the fourth industrial revolution (4IR), technologies and artificial intelligence applications to print registration plates without any human intervention. Soon, RTA will install ten similar machines at service provider centres and ...

Abu Dhabi / WAM The Abu Dhabi Convention Bureau’s United Kingdom team concluded a month of special events targeting the business travel market to promote the emirate as a leading event and incentive destination. The promotion kicked off with an event in partnership with Jumeirah Hotels and Etihad Airways, attended by Sulaiman Hamid Almazroui, UAE Ambassador to the UK. The ...

Geneva / Emirates Business The Ajman Digital Government participates in the World Summit on the Information Society (WSIS 2019) Forum in Geneva, Switzerland. The event witnessed an international participation from countries, their ministries and organisations that have taken a crucial decision in their governance of ensuring technology and information is always the core of their policies. Ajman Digital Government is ...

Bloomberg Masayoshi Son will soon have some evidence to back his faith in ride-hailing: His stake in Uber Technologies Inc may be worth at least double the $7.7 billion he paid for it little more than a year ago. SoftBank Group Corp’s Vision Fund owns 16.3 percent of the world’s biggest ride-hailing company, according to Uber’s filing with the US ...