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Dubai Future Council for Blockchain holds meeting

DUBAI / WAM Smart Dubai hosted the second meeting of the Dubai Future Council for Blockchain at its offices in the Dubai Design District, bringing together local and global decision-makers from various government departments and private companies with a vested interest in smart city technologies. Chaired by Smart Dubai’s Director-General, Dr Aisha bint Butti bin Bishr, the council was formed ...

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Hon Hai reports better-than-projected earnings

Bloomberg Hon Hai Precision Industry Co., the biggest assembler of iPhones, reported better-than-projected earnings after snagging additional business from Chinese smartphone giant Huawei Technologies Co. The company reported a 2.5% decline in net income to NT$17.1 billion, compared with the average analyst estimate of NT$16.3 billion. Revenue for the April-June period reached NT$1.16 trillion, according to Bloomberg calculations from previous ...

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EU hits Indonesia with new biodiesel levies

Bloomberg The European Union (EU) imposed tariffs on biodiesel from Indonesia to counter alleged subsidies to producers in the country, risking tit-for-tat retaliation by the Indonesian government. The EU duties on Indonesian exporters of biodiesel, a type of biofuel made from vegetable oils and animal fats for use in diesel engines, range from 8% to 18%. The levies mark the ...

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