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Harvard’s record $1.2bn haul erased by investment losses

  Bloomberg Harvard University raised $1.2 billion from donations, a record for the world’s richest college. The haul was erased by $2 billion in investment losses and spending. Harvard’s take was the most by any US university as colleges collected an unprecedented $41 billion in fiscal 2016, the New York-based Council for Aid to Education, which tracks university giving, said ...

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US solar industry employment grows fastets in seven years

  Bloomberg US solar-industry employment in 2016 grew at the fastest pace in at least seven years, with growth in all sectors including manufacturing, sales and installations, as demand for clean power swelled. One out of every 50 new American jobs last year was in the solar industry, which now employs more than 260,000 workers, according to an annual report ...

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Food security tops UAE’s priorities

  Abu Dhabi / WAM The UAE, led by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, places food security at the top of its policy priorities and is proceeding to deliver the highest possible rates for national food security and its sustainability, said His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy ...

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Meet on women’s economic empowerment held in Dubai

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, attended on Monday the official opening of the United Nations Secretary-General’s High Level Panel ‘HLP’ meeting on Women’s Economic Empowerment at the Four Seasons Resort, Dubai. Convening for the first time in MENA region, the High Level ...

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Allowing Trump travel ban would ‘unleash chaos again’

  WASHINGTON / AP Lawyers for Washington state and Minnesota have told a federal appellate court that restoring President Donald Trump’s ban on refugees and travelers from seven predominantly Muslim countries would “unleash chaos again.” The filing with the 9th U.S. Circuit Court of Appeals in San Francisco came early Monday after the White House said it expected the federal ...

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ASSENT announces AED175mn expansion at Dubai Industrial Park

  Dubai / Emirates Business Al Shafar Steel Engineering LLC (ASSENT), a leading company in the field of structural steel design and manufacturing and a member of the UAE-based Al Shafar Group of Companies, announced the expansion of its facilities located at Dubai Industrial Park. The expansion, which will result in one of the largest steel manufacturing companies in the ...

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Vodafone-Idea India merger may give rival brands cheap spectrum

  Bloomberg A merger under discussion between Vodafone Group Plc.’s India unit and Idea Cellular Ltd. would create a new leader in one of the world’s most competitive mobile-phone markets. For rivals, there’s a silver lining: bandwidth on the cheap. That’s because a transaction may compel the carriers to shed some spectrum and subscribers to ensure regulatory approval under India’s ...

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Japan workers get wage hike first time in five years

  Bloomberg The wallets of Japan’s workers ended up a bit fatter, with total earnings rising the most since 2010. Total pay rose 0.5 percent from the previous year to an average 3.78 million yen ($33,673), while the number of hours worked dropped. Regular workers saw an increase in pay, while part-timers, who are an increasingly large sector of the ...

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Singapore plans slew of incentives to lure Aramco IPO

  Bloomberg Singapore is considering a range of measures to lure a listing from energy giant Saudi Arabian Oil Co., according to people familiar with the matter, as global exchanges compete for a slice of what could be the world’s largest-ever initial public offering. The island nation is studying proposals including inviting one of its state investment companies to become ...

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Apple revives efforts to sell used iPhones in India

  Bloomberg Apple Inc. has put back on the table a request to sell used iPhones in India as it negotiates with the government for concessions to start production in the country, a person familiar with the matter said. The company has asked to bring in used iPhones to be refurbished and sold in India, saying it will have the ...

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