Bloomberg Governments in the Asia Pacific region are accelerating efforts to fight malicious use of online media, unveiling laws that make it easier to target websites which enable distribution of criminal or fraudulent content. Australia said it will legislate “tough†new laws to prevent social-media platforms from being “weaponised†by terrorists and extremists who may use them to live-stream violent ...
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Lyft IPO’s biggest winner may be startups’ private valuations
Bloomberg Tech unicorns got a bounce in their step with Lyft Inc’s initial public offering valuing it at $22.4 billion after its first day of trading. Ride-hailing’s No. 2 provider in the US first raised its target range and then expanded its offering to raise $2.34 billion. While the shares closed up only 8.7 percent compared with the 21 percent ...
Read More »Mondelez in talks to buy Campbell Soup int’l brands
Bloomberg Mondelez International Inc, the maker of Oreo cookies and Cadbury chocolates, is in advanced talks to acquire international brands being sold by Campbell Soup Co, people familiar with the matter said. Mondelez is negotiating final terms of a purchase of Arnott’s Biscuits, the Australian maker of Tim Tam cookies, and Danish butter-cookie producer Kelsen Group, according to the people. ...
Read More »Trump’s dealmaking prowess tested in oil-farmers fight
Bloomberg If Donald Trump’s administration was looking for signs of easing tensions between two of his vaunted constituencies — blue-collar oil and rural farmers — a hearing in Michigan proves otherwise. The two sides exchanged heated comments at a public hearing over proposed changes by the Environmental Protection Agency (EPA) on ethanol policy. Oil refiners and agricultural proponents, including Iowa ...
Read More »Trump demanded Kim to hand over nuclear weapons
Bloomberg US President Donald Trump gave North Korean leader Kim Jong-un a list of demands that included a call for handing over nuclear weapons and bomb fuel to the US in their talks in Hanoi last month, Reuters reported, citing the document. Trump handed Kim the piece of paper stating the US position at their meeting in Hanoi’s Metropole Hotel ...
Read More »UAE support for Egypt mainstay of nation’s foreign policy: Mohamed
ALEXANDRIA / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of Egypt Abdul Fatah el-Sisi on Wednesday reviewed a number of regional and international issues of common interest in light of the robust, brotherly and longstanding relations between the two countries. This came ...
Read More »Media has key role in helping region overcome challenges
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has affirmed that media has an important role in enhancing the region’s ability to deal with current challenges and developing new solutions to overcome the problems that hinder its development. His Highness’s remarks came during his meeting with ...
Read More »Adnec promotes Abu Dhabi business tourism credentials
ABU DHABI / WAM In a bid to promote Abu Dhabi’s credentials as the business tourism capital of the region, a high-level delegation from Abu Dhabi National Exhibitions Company (Adnec), headed by Khalifa Al Qubaisi, Adnec’s Acting Chief Commercial Officer, participated at the Society of Independent Show Organisers, SISO CEO Summit. Held in the US city of Miami, SISO CEO ...
Read More »Emirati woman pilot Huda Al Mussalami flies to new heights
Abu Dhabi / WAM Huda Salem Al Mussalami flew to a height of 36,000 feet, overcoming all her challenges and difficulties and presenting an inspiring model of persistence to Emirati women, especially in the aviation sector. Al Mussalami, who works for Etihad Airways as a senior pilot assistant, entered the aviation industry in 2004, after passing her academic and scientific ...
Read More »Renault aims at Nissan merger to make Fiat bid
Bloomberg Renault SA is aiming to restart merger talks with Nissan Motor Co within 12 months as the first step towards the creation of a bigger auto conglomerate that will involve a bid by both companies for Fiat Chrysler Automobiles NV, the Financial Times reported. The creation of a new alliance board led by Renault chairman Jean-Dominique Senard has improved ...
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