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Tech firm’s 2020 rally hits 100% with AI startup deal

Bloomberg Software provider Kinaxis Inc. surged to a record high as it completed a deal for Rubikloud Technologies to boost its capabilities in artificial intelligence (AI). Ottawa-based Kinaxis, whose clients include Unilever NV and Lockheed Martin Corp., briefly passed $4 billion in market value for the first time amid a broad rally in Canadian technology stocks. The company sells products ...

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Mohammed launches ‘Arab Space Talents’ programme

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the launch of the ‘Arab Space Talents’ programme that aims to build Arab expertise in space science and technologies. Overseen by the UAE Space Agency, the programme will equip young Arab researchers, scientists, inventors and creative ...

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Oil pares weekly gain with virus fears countering tighter supply

Bloomberg Oil slipped, paring a weekly gain, as concern of demand erosion from a coronavirus resurgence countered strong US economic data. Futures fell to about $40 a barrel in New York as the virus continues to spread unabated across large parts of the US, clouding the outlook for energy demand. Crude prices gained 4.2% for the week as data showed ...

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