Bloomberg Apple Inc is jumping into India’s crowded film and TV streaming market with services that could undercut premium global brands like Netflix Inc and Amazon.com Inc that are also betting on growth in the country. The technology giant’s Apple TV+ includes original content from filmmakers including M Night Shymalan and will be available from November 1 via the Apple ...
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Without 5G, new iPhones risk falling behind in China
Bloomberg Apple Inc’s decision to skip support for the latest wireless standard on its new iPhones may cost the company a chance at capturing China’s biggest smartphone replacement wave in years. The iPhone maker, which is the only foreign brand to hold a top-five position in China, is struggling to fight off local competitors Huawei Technologies Co, Oppo and Xiaomi, ...
Read More »Charles Schwab to cut 600 jobs
Bloomberg Charles Schwab Corp said it is cutting 600 jobs, or about 3 percent of the workforce, as the San Francisco-based broker-dealer and wealth-advisory firm faces “an increasingly challenging economic environment.†“These actions are a prudent step to ensure we manage our expense growth while continuing to invest in initiatives that allow us to achieve greater scale and efficiency,†the ...
Read More »Google hit with demand from states over ad business
Bloomberg State attorneys general investigating Google are ordering it to turn over a wide range of information about its advertising business, according to an investigative demand that takes direct aim at the biggest source of the company’s revenue. Texas Attorney General Ken Paxton’s office, which is leading the nationwide probe, issued a 29-page civil investigative demand obtained by Bloomberg. In ...
Read More »Russia warns of ‘Pandora’s box’ in Crimea atrocities court clash
Bloomberg Russia warned Europe’s human rights tribunal it risks opening a “Pandora’s box†of politically motivated cases if it accepts Ukraine’s claims that Moscow-led forces committed atrocities in the Crimea. The legal gambit by Russia’s Deputy Justice Minister Mikhail Galperin came as both sides faced off at the first public hearing at the European Court of Human Rights in the ...
Read More »ADX, FAB to provide dividend distribution via digital wallet
ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), partnered with First Abu Dhabi Bank (FAB), to distribute cash dividends to its registered investors electronically through the bank’s digital wallet, payit. The digital wallet will empower users to manage their stock exchange requirements through the “ADX Digital Wallet” powered by Payit. With payit, ADX now provides another method of distributing ...
Read More »Region’s first-ever Body Worlds exhibition opens at Khalifa varsity
Abu Dhabi / WAM The region’s first-ever Body Worlds Exhibition — a traveling exposition of dissected and ‘plastinated’ human bodies — on Tuesday opened at the main campus of Khalifa University. His Highness Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court and Chairman of the Board of Trustees of Khalifa University, attended the museum’s ...
Read More »UAE, Mauritania review defence cooperation
Abu Dhabi / WAM Matar Salim Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, received at his office on Tuesday Lieutenant-General Mohamed Cheikh Ould Mohamed Lemine, Mauritanian Army Chief-of-Staff, and his accompanying delegation, where they discussed ways to enhance cooperation in the defence field. The two sides also discussed bilateral relations and ways of strengthening them, exchanged views on ...
Read More »Process VAT claims only via FTA’s website
Abu Dhabi / WAM In response to reports that some bank customers have been receiving emails from unidentified sources impersonating banks and financial institutions requesting personal data in the promise of helping them claim their Value Added Tax’s, the Federal Tax Authority (FTA) reaffirmed that tax refunds are processed only through the Authority’s official website. In a press statement is, ued ...
Read More »Huawei, Samsung’s new 5G chips a threat to Qualcomm
Bloomberg Samsung Electronics Co and Huawei Technologies Co took turns announcing new mobile processors at the IFA technology show in Berlin, and the big thing the new chips have in common is an integrated 5G modem. In a market dominated by US rival Qualcomm Inc, the world’s two biggest smartphone manufacturers asserted a lead in delivering one of the keys ...
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