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Global Internet of Things leaders hail Dubai’s Smart City progress

Dubai / WAM A gathering of global technology leaders at this week’s Internet of Things Expo (IoTX) at Dubai World Trade Centre (DWTC) believe a combination of hyper connectivity, supercomputing, cloud computing, smart technologies and cyber security will make the Internet of Things (IoT) sector the single largest market opportunity for global businesses by the turn of the decade. “IoT ...

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Tata plan to sell Britain unit deepens UK’s steel crisis

Bloomberg Tata Steel Ltd., part of India’s biggest conglomerate, said a slump in global prices has forced it to consider selling its U.K. business, a decision that threatens to accelerate the demise of Britain’s steel industry. Global oversupply, high manufacturing costs and rising steel exports mean trading conditions in the U.K. and Europe have “rapidly deteriorated,” Mumbai-based Tata Steel said ...

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Russia mulls raising dividends of state companies to 50%

Bloomberg Russia is nearing a decision to double dividends paid by state-owned companies on last year’s profit as the government struggles to cover a widening budget deficit, according to an official at the Federal Property Management Agency. A draft decree on the proposal to raise the payout to a minimum of 50 percent of net income from 25 percent has ...

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