Uncategorized

Bloomberg Singapore will allocate $535 million under a current plan to transform its economy into one that relies more on fields such as research and on companies that create new markets and jobs. The additional investment includes S$500 million for digital technologies such as artificial intelligence, super-computing and robotics under the five-year plan ending 2020, a government advisory panel on ...

Bloomberg Health insurer Centene Corp. agreed to buy managed-care provider WellCare Health Plans Inc. for more than $15 billion, expanding in the market for government insurance plans just as politicians in Washington appear to be gearing up for another health-policy clash. Centene, based in St. Louis, offered $305.39 per share in cash and stock for Tampa, Florida-based WellCare, the companies ...

Bloomberg Some projects to develop new power cables between the UK and France are on hold because of uncertainties related to Brexit, throwing into question the delivery of infrastructure intended to reduce electricity costs in the UK. Work continues on two new interconnectors that were already under construction between the countries. However, talks on 3 other subsea power lines have ...

Bloomberg Qualcomm Inc. has fired multiple legal shots at Apple Inc. aiming to use patents to get an import ban on the iPhone. In separate rulings, one hit and one missed. The US International Trade Commission invalidated a Qualcomm patent for a battery-saving feature. Earlier in the day, a separate trade judge said Apple infringed a different Qualcomm patent and ...

Bloomberg A secretive group seeking to overthrow Kim Jong-un’s regime claimed responsibility for a raid last month on North Korea’s embassy in Madrid, alleging the country’s overseas missions are conduits for illicit funds. The group, called Free Joseon and previously known as Cheollima Civil Defense, said in a statement posted to its website that its actions were in response “to ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met President Shavkat Mirziyoyev of Uzbekistan on Tuesday. During the meeting, the two sides reviewed bilateral ties between the two countries, particularly in the tourism, energy, and investment sectors. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, ...

ABU DHABI / WAM The Khalifa Fund for Enterprise Development (KFED), signed a Memorandum of Understanding with the Abu Dhabi National Oil Company (Adnoc), where Khalifa Fund will provide a range of training programmes and entrepreneurship workshops for Adnoc’s employees and retirees who are looking to enhance their skills and knowledge in the SME sector. The signing of agreement was held ...

DUBAI / WAM The first ever global report on employee volunteering projects has found that there is substantial potential amongst private companies in the UAE for participation in employee voluntary projects that could contribute significantly to the achievement of United Nations Sustainable Development Goals (UNSDGs). “Investing for the Future: The Practice and Potential of Employee Volunteering in the UAE”, was ...

Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR), management board reviewed the 2020 Operational Plan blueprint that details key activities supporting the Authority’s mission to regulate the nuclear industry in the UAE. The Board learned about latest updates of the FANR ongoing review of the Operating License Application for Units 1 and 2 at the Barakah Nuclear ...

Bloomberg SoftBank Vision Fund is joining a $300 million investment in Cloudminds, helping the Chinese robotics and artificial intelligence startup ramp up production capacity with the goal of tripling its revenue this year. Cloudminds, which last raised money in 2017 at a $440 million valuation, aims to sell half a million of its robots this year to Chinese customers from ...