Recent Posts

Meta’s job delays for summer interns makes Gen Z sweat

  Bloomberg Internships at Meta Platforms Inc, the Facebook and Instagram owner, are coveted for their selectivity, high compensation, lavish perks — and most of all, the potential job offer waiting at the end of the summer. This year, that’s more elusive. Meta told interns via email in early July that it would delay deciding whether to hire them, giving ...

Read More »

Semtech agrees to buy Sierra Wireless

Bloomberg Semiconductor maker Semtech Corp is acquiring Sierra Wireless Inc in all-cash transaction valuing the Canadian company at $1.2 billion including debt. Semtech said in a statement that it’s paying $31 a share for Sierra Wireless, a premium of about 25% to the closing price before Bloomberg News reported the merger talks. The deal is expected to roughly double Semtech’s ...

Read More »

Foreign direct investments in UAE rise 116% in past decade

  ABU DHABI / WAM Foreign direct investments (FDI) in the UAE witnessed significant growth in recent years, despite the challenges posed by the Covid-19 pandemic. According to a report by the Ministry of Economy, during the past decade from 2012 to 2021, FDIs in the country increased by 116 percent, amounting to $20.667 billion in 2021 compared to $9.566 ...

Read More »
Send this to a friend