Bloomberg Digital Realty Trust Inc. agreed to buy DuPont Fabros Technology Inc. for about $4.95 billion in stock, a deal that would add to its data-center properties in areas such as California’s Silicon Valley. Investors in Washington-based DuPont Fabros will get 0.545 Digital Realty shares for each of their shares, the real estate investment trusts said in a statement Friday. ...

Bloomberg Verizon Corp., AT&T Inc. and the rest of the US wireless industry have a big boast for this year’s crop of smartphones: thanks to network upgrades, devices will be able to download as much as a gigabit of data in a single second — speeds 100 times faster than before. But that won’t be the case for Apple Inc.’s ...

Bloomberg Airbus SE said the next UK government must guarantee the planemaker’s ability to move people between plants in Britain and continental Europe in order to safeguard the long-term future of production in the country. It’s likewise vital for aerospace manufacturing to remain exempt from import duties once Britain quits the European Union, Chief Executive Officer Tom Enders said at ...

Bloomberg The US Air Force has ordered a stand-down of its F-35 Joint Strike Fighter aircraft at an Arizona base after pilots there said they suffered oxygen deprivation while flying the plane built by Lockheed Martin Corp. Since May 2, five F-35A pilots assigned to Luke Air Force Base have reported physiological incidents while flying. According to a service press ...

Bloomberg Nippon Telegraph & Telephone Corp. (NTT) is considering the sale of African operations it acquired with the takeover of Dimension Data Holdings Ltd. and is open to approaches from interested buyers, according to three people familiar with the situation. The assets are valued by Japan’s former phone monopoly at about $800 million, said two of the people, who asked ...

Emirates Business New route offers Middle East travellers seamless connections through Colombo to Melbourne and beyond SriLankan Airlines, the National Carrier of SriLanka and a member of the oneworld alliance, will be soon be spreading its wings to Australia, launching daily non-stop services to Melbourne from the SriLankan capital Colombo, from October 29 this year. The new route, which was ...

Bloomberg Leading Philippine carrier Cebu Pacific placed an order with Airbus for an additional seven A321CEO (Current Engine Option) aircraft, for delivery from March 2018. The aircraft will meet the airline’s increased capacity requirements pending the start of delivery of 32 A321NEO aircraft, which will now begin in 4TH quarter of 2018. CEB has chosen to defer the A321NEO deliveries ...

DUBAI / Emirates Business The e-commerce industry in the UAE is expected to hit the US$10 billion (AED36.7 billion) mark by the year 2018, regional retailers are in the process of consolidating their online presence in a bid to remain competitive and profitable. With the UAE’s current ecommerce value estimated to be around US$2.5 billion (AED9.2 billion), analysts are optimistic ...

DUBAI / WAM The UAE Ministry of Health and Prevention and Jafza, a DP World company, have signed a Memorandum of Understanding for the development of the healthcare and pharmaceutical sector in the country. The memorandum was signed at Jafza head office by Dr Amin Hussein Al Amiri, Assistant Under-secretary of Public Health and Licensing Policy at the Ministry and ...

ABU DHABI / WAM The Department of Economic Development’s Competitiveness Office of Abu Dhabi (COAD) held a coordination meeting for the Steering Committee on the ‘Doing Business In the Emirates of Abu Dhabi’ report, which comprises representatives of relevant government entities in Abu Dhabi. The meeting covered the latest updates on the proposed initiatives and reviewed efforts made by competent ...