Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended on Wednesday part of training programme about Artificial Intelligence (AI), which was launched by the UAE government in partnership with Oxford University. Sheikh Mohammed was briefed about the training programme by Minister of State for Artificial Intelligence ...
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Knowledge is the key to create a brighter future for Arab world
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has said that the UAE is keen on promoting innovation culture in government and among people, as well as spreading knowledge to build a generation of Arab innovators and future leaders. His Highness also said that the ...
Read More »Expo 2020 convenes ‘World Majlis’
Dubai / WAM Expo 2020 Dubai’s new World Majlis series is bringing together change-makers and aspiring leaders from around the globe to stimulate a powerful dialogue on how we can create a legacy of meaningful impact that reflects the World Expo’s theme of ‘Connecting minds, Creating the Future’. The World Majlis session, held at Manarat Al Saadiyat in Abu Dhabi, ...
Read More »DIFC, China discuss future collaboration
Dubai / WAM Essa Kazim, Governor of Dubai International Financial Centre (DIFC), and Arif Amiri, Chief Executive Officer of DIFC Authority, received a senior delegation from China, led by Qian Keming, Vice Minister of Commerce. The meeting focused on the growing importance of DIFC’s longstanding relationship with Chinese institutions, and areas of collaboration that can support the One Belt, One ...
Read More »Euro zone braces for month of truth from data in ECB prelude
Bloomberg European officials aren’t letting a first-quarter slowdown undermine their confidence in the economy, but an upcoming round of numbers may test their view that the winter blues will pass. Descriptions by various European Central Bank policy makers have ranged from solid to robust and strong when asked about the recent performance. Even after Germany, the euro area’s economic engine, ...
Read More »Lumber prices reach US record on tight supply
Bloomberg The lumber market is red-hot, with futures rising to another record thanks to a confluence of import tariffs, transport bottlenecks and strong housing demand. The futures rose 1 percent to close at $619 per 1,000 board feet on the Chicago Board of Trade. They’ve surged 66 percent in the past 12 months, a bigger gain than any of the ...
Read More »Novartis general counsel to step down after Cohen payments
Bloomberg Novartis AG’s top lawyer became the first executive to take the fall for the controversial $1.2 million in payments he helped arrange to Donald Trump’s attorney, as the drugmaker tries to contain the furor from last week’s revelation. Felix Ehrat, who along with former Chief Executive Officer Joe Jimenez signed the agreement with a consulting firm led by lawyer ...
Read More »Kim threatens to scrap Trump meeting on nuclear demands
Bloomberg North Korea threatened to walk away from its meeting with President Donald Trump next month if the US made a “one-sided demand†for the regime to surrender its nuclear weapons. Kim Kye Gwan, a vice foreign minister and a top North Korea disarmament negotiator, said the regime was disappointed by recent comments from the US on their goals for ...
Read More »Ericsson wins plea to push Anil Ambani’s RCom into insolvency
Bloomberg An Indian tribunal ordered billionaire Anil Ambani’s Reliance Communications Ltd. be placed under insolvency proceedings, jeopardising the phone company’s proposed $3.7 billion asset sale to Reliance Jio Infocomm Ltd. The Mumbai bench of the National Company Law Tribunal on Tuesday accepted a petition from the Indian unit of network-equipment maker Ericsson AB, which is seeking to recover 11.6 billion ...
Read More »Didi shakes up carpooling safety after customer killed
Bloomberg Didi Chuxing is overhauling safety measures across its business after a female customer of its Hitch carpooling service was allegedly murdered by a driver using its app in China. Hitch has been marketed as a social ride-sharing service, allowing drivers and passengers to label or rate each other by appearance. Such features attracted criticism as the platform was rife ...
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