Abu Dhabi / WAM In a continuous effort to improve business efficiency and ensure ease of doing business, the Abu Dhabi Global Market (ADGM), Registration Authority has launched an instant licence renewal service for entities registered at ADGM. According to a press release issued by ADGM on Monday, the new instant licence renewal service will allow registered entities to efficiently ...
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Apple may get early clues about winning tax case of the century
Bloomberg Apple Inc may only need to wait until Tuesday to get early clues about its chances of success in the biggest tax case in recent history. The iPhonemaker has been arguing its case at the European Union’s General Court to topple a record 13 billion-euro ($14.3 billion) EU tax order. This week the same panel of judges will deliver ...
Read More »Google to listen to users’ audio snippets again, but ask first
Bloomberg Google workers will listen to audio snippets of people speaking to its digital voice assistant to help improve the product’s quality — if users give the company permission to do so. Alphabet Inc’s Google paused all human review of assistant audio in July after a Dutch contractor leaked some clips to a journalist, who was then able to identify ...
Read More »UK launches tourist airlift after Thomas Cook collapse
Bloomberg The UK government deployed the “largest repatriation in peacetime history†to bring home more than 150,000 tourists stranded on overseas beaches and in vacation hotspots by the collapse of tour operator Thomas Cook Group. The massive airlift, using chartered jetliners, follows the collapse of the 178-year-old company after eleventh-hour fundraising talks with investors failed. The move saw all bookings, ...
Read More »Trump sucks Ukraine’s novice leader into his re-election battle
Bloomberg Ukraine’s novice leader may have thought Vladimir Putin would pose his biggest diplomatic challenge. Five months after being elected, it’s Donald Trump who’s giving him a crash course in the perils of international politics. President Volodymyr Zelenskiy is being pulled into the storm surrounding the 2020 US election over a July phone call during which media allege Trump repeatedly ...
Read More »After $5b in losses, China’s Tesla wannabe fights for survival
Bloomberg It took Tesla Inc about 15 years to rack up $5 billion in losses. The company known as China’s Tesla did it in four. The bleeding continues. Shanghai-based NIO Inc is poised to report that it lost another 2.6 billion yuan ($369 million) — around $4 million a day — during the second quarter, according to the average of ...
Read More »Hyundai to set up $4b JV for driverless cars
Bloomberg Hyundai Motor Group will spend $1.6 billion to develop autonomous vehicles with Aptiv Plc, marking one of the biggest investments yet by a traditional carmaker into the burgeoning robocar industry. Aptiv will take a 50 percent stake in the venture, while Hyundai Motor, Hyundai Mobis Co and Kia Motors Corp will contribute a combined $1.6 billion in cash and ...
Read More »UAE citizens abroad start voting for FNC elections
GENEVA / WAM UAE citizens in Geneva, Berlin, and London on Sunday started voting for the elections of the fourth session of the Federal National Council (FNC). Ambassador Obaid Salem Al Zaabi, UAE Permanent Representative to the United Nations and Other International Organisations in Geneva, said that all arrangements were made for the UAE citizens abroad to participate in the ...
Read More »DCD awards licenses to non-Muslim places of worship in Abu Dhabi
Abu Dhabi / WAM The Department of Community Development (DCD) in Abu Dhabi organised a ceremony on Sunday to award licences for the existing 18 non-Muslim places of worship in the emirate of Abu Dhabi. Licences for five other places of worship were also announced in the ceremony. The event aimed to highlight the DCD’s vital role in regulating places ...
Read More »Abu Dhabi Ports’ container volume rises 82.4% in H1
Abu Dhabi / WAM Abu Dhabi Ports on Sunday revealed robust operational performance with significant volume growth in the first half of 2019. The company, which operates ports and terminals across the UAE, as well as Khalifa Industrial Zone Abu Dhabi (Kizad), said its success was driven in part by concession agreements signed with leading maritime firms, such as Mediterranean Shipping ...
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