Bloomberg Renesas Electronics Corp., the second-biggest supplier of semiconductors used in cars, plans to acquire Integrated Device Technology (IDT) Inc. for about $6.7 billion to expand beyond the automotive sector into data centres and communications devices. The Japanese company will pay $49 a share, it said in a statement, about a 16 percent premium to the US company’s Monday close ...
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Bloomberg UK wage growth accelerated over the summer amid the lowest jobless rate in more than four decades. Earnings excluding bonuses rose an annual 2.9 percent in the three months through July, more than the 2.8 percent economists forecast. In July alone, basic wages rose 3.1 percent, the most since 2015, and vacancies are at record levels, the Office for ...
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Bloomberg Europe’s space champions are urging buyers at home to favor their technology over that of foreign rivals, as competition intensifies from the likes of Elon Musk’s Space X. As executives from the space industry meet in Paris this week for the World Satellite Business conference, French satellite operator Arianespace is calling on Europe to translate its space sovereignty ambitions ...
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Abu Dhabi / WAMÂÂÂÂÂ His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed, with His Majesty King Mohammed VI, King of Morocco, the strong ties between the UAE and Morocco and ways of promoting them while discussing regional and international issues of mutual concern. During the ...
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Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received, at the Qasr Al Bahr Council, in the presence of His Majesty King Mohammed VI, King of Morocco, and HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler ...
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SHARJAH / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member, Ruler of Sharjah, and President of the University of Sharjah (UoS), attended on Monday the inauguration of the second hub of the Sharjah Entrepreneurship Center, Sheraa, part of Sharjah Investment and Development Authority, Shurooq. Located at the UoS campus, the new space is dedicated to ...
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Abu Dhabi / WAM Under the patronage of the Federal Transport Authority for Land and Maritime (FTA), the Tactics Maritime Media and Marasi News have successfully arranged, “The UAE Maritime Leaders Roundtable Discussion,” under the theme “To what extent do the UAE ports meet the current demands of the shipping industry?” The event brought together prominent maritime leaders from private ...
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Bloomberg The biggest mergers-and-acquisitions boom in Indian history has investment bankers preparing for even more dealmaking to come. Transactions involving Indian companies have reached $104.5 billion in 2018, trouncing the previous annual record with almost four months left in the year, according to data compiled by Bloomberg. The tally may surpass $100 billion again in 2019, said Sanjeev Krishan, a ...
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Bloomberg Alibaba is heralding the end of the Jack Ma era. A former English teacher who helped found Alibaba Group Holding Ltd. two decades ago, Ma outlined plans to hand the executive chairman role to Daniel Zhang, a finance veteran who’s presided over an ambitious expansion and won over investors in three years as chief executive officer. Ma will officially ...
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Bloomberg Apple Inc. will kick off a blitz of new products this week, ending a year of minor updates and setting the technology giant up for a potentially strong holiday quarter. Through the rest of 2018, the world’s most valuable public company will launch three new iPhones, revamped iPad Pros, Apple Watches with larger screens, a new entry-level laptop with ...
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