Uncategorized

Bloomberg Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. plan to form a single board that will oversee their alliance’s governance and operations, according to people familiar with the matter, as the automakers try to streamline their decision making following the arrest of Carlos Ghosn. The group will replace two separate Amsterdam-based alliance entities, Renault-Nissan BV and Nissan-Mitsubishi BV, ...

Bloomberg Nvidia Corp. agreed to buy chipmaker Mellanox Technologies Ltd. for $6.9 billion, gaining expertise to help it push into the growing market for data center components. Santa Clara, California-based Nvidia is paying $125 a share in cash for the company, which makes chips used to speed the flow of information across computer servers. That’s a 14 percent premium to ...

Bloomberg Google controls many of the ways businesses access customers online in the US, making it almost impossible to run a company without buying advertising from the internet giant. As politicians increase scrutiny of large technology companies, Google’s lock on these digital relationships is becoming a potential liability, not just a lucrative advantage praised each quarter by Wall Street analysts. ...

Bloomberg The US labour market may not be as weak as February’s payrolls number suggested, but the report provides a reality check that a long-forecast slowdown is arriving. Employers added 20,000 jobs during the month, the fewest since September 2017, missing all economist estimates and bucking a recent trend of strong February readings. Analysts said the unexpectedly low figure doesn’t ...

Bloomberg North Korean leader Kim Jong-un is showing signs he might fire his first rocket in 15 months. Long-time observers suspect he is bluffing. Two days after Kim’s summit with US President Donald Trump broke down over sanctions relief and disarmament steps last month, satellite images showed that North Korea was rebuilding a long-range rocket site it recently dismantled. The ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, led the opening ceremony of Qasr Al Watan – the nation’s newest cultural landmark housed ...

DUBAI / WAM Etihad Credit Insurance (ECI), inked a Memorandum of Understanding (MoU) with the National Bank of Ras Al Khaimah (Rakbank), to assist local SMEs in accessing international markets via a number of financial services and educational tools. Under the agreement, UAE-based businesses will gain access to a portfolio of financial services and solutions such as trade credit insurance ...

ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD), adopted an interactive writ of summons in Arabic and Chinese, after adopting writs in other languages, including English and the Indian language, which will enable foreigners to learn about local litigation procedures. Yousef Saeed Al Abry, Under-Secretary at the ADJD, stated that the department’s efforts, upon the directives of HH ...

Abu Dhabi / WAM Masdar, Abu Dhabi Future Energy Company, has announced that its renewable energy portfolio has grown by 33 percent over the past year, reaching four gigawatts (GW), of clean energy in operation and under development across 25 countries. Speaking at the Intersolar Middle East 2019 conference, Yousif Al Ali, Director of Business Growth, Masdar Clean Energy, highlighted ...

Abu Dhabi / WAM Thousands of the world’s foremost experts in road infrastructure, transport and technology will gather in Abu Dhabi this October for the first ever World Road Congress to be held in the Middle East. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of ...