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Google changes targeted by rivals in complaint to British regulator

Bloomberg Google’s planned changes to advertising data were targeted by a group of rivals who pushed UK regulators to make the company a top antitrust priority. Marketers for an Open Web is asking the Competition and Markets Authority (CMA) to temporarily halt Google’s rollout of so-called privacy sandbox technology next year, it said in an emailed statement on Monday. The ...

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Germany to tighten partial virus lockdown

Bloomberg Germany is moving towards extending and tightening its shutdown restrictions, setting measures that would rein in New Year’s festivities as the country struggles to slow the stubborn spread of the coronavirus. Germany’s regional leaders are proposing that a partial lockdown that was due to run until the end of November is extended until at least December 20. The measures ...

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Shopify sees ‘paradigm shift’ as Black Friday approaches

Bloomberg Shopify Inc expects a banner holiday season as the worsening pandemic encourages more consumers to shop online and buy from the small businesses that sell through its platform. While the pace of growth will likely slow once the pandemic ends, this year’s gains will likely hold up, President Harley Finkelstein said in an interview. The company reported a 109% ...

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Global stocks rally with oil on Covid vaccine progress

Bloomberg Global stocks, US equity futures and oil advanced as AstraZeneca Plc said its vaccine prevented most people from developing Covid-19. Energy and banking shares led markets higher in Europe, while South Korea’s stocks hit a record. Credit Agricole SA climbed 4.2% after agreeing to buy an Italian lender Credito Valtellinese for about 737 million euros ($875 million). Vaccine announcement ...

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Emerging markets set to outperform all in 2021: Goldman

Bloomberg It may come down to another pharmaceutical breakthrough to set the tone for emerging markets headed towards 2021. Developing-nation stocks, currencies and bonds rose for a third week in the five days through Friday, and Asian markets opened strongly on Monday, as the prospect of a coronavirus vaccine roll-out in the months ahead outweighed concern that rising infections would ...

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Abu Dhabi reports positive signs of tourism recovery

Abu Dhabi / WAM The Department of Culture and Tourism Abu Dhabi has announced significant increase in revenues from tourism activity in the capital in the third quarter of 2020. Findings from its quarterly industry development committee meeting revealed promising signs of sector recovery, as well as a glimpse into future projects and plans to boost tourism in the emirate. ...

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UAE evaluates Boeing’s 737 Max return

Abu Dhabi WAM The General Civil Aviation Authority (GCAA) has established a Return to Service Committee on Boeing 737 Max that includes specialists from the required areas who are working with their counterparts in the US Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA). In a statement Sunday, GCAA said, “We will continue to work closely with ...

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Investcorp invests in India’s XpressBees

MANAMA / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, has announced its investment in Xpressbees, a leading end-to-end e-commerce logistics platform in India. The investment was made as part of a Series E funding with participation from a consortium of local and global investors. Founded in 2015 by serial entrepreneurs Amitava Saha ...

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ICA says Emiratis can update personal details until Dec 31

Abu Dhabi / WAM The period for updating the personal details of Emirati citizens has been extended till December 31, according to the Federal Authority for Identity and Citizenship (ICA). The authority stated that the decision – which is part of ”Your data … Your identity” initiative comes in accordance with the Authority’s aspirations in fulfilling the needs of community ...

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10 million U.AE users from Jan-Oct 2020: TRA

ABU DHABI / WAM The General Authority for Regulating the Telecommunications Sector (TRA) announced that official portal of the UAE Government (U.AE) has hit a new record in its number of users, reaching nearly the 10 million mark during the period from January to October of this year, an 50.73 percent increase over 2019, where the number of users in ...

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