Bloomberg Britain is betting that the rise of the machines will boost the economy as the country exits the European Union. As part of its strategy to champion specific industries, the UK government said in a statement on Sunday that it would invest 17.3 million pounds ($21.6 million) in university research on robotics and artificial intelligence. The government cited ...

  Bloomberg Austria’s Chancellor Christian Kern said rapid advances in automation will threaten half of the world’s jobs as he backed calls by Bill Gates to fight inequality with measures such as a tax on robots. Disruption “starts at a slow pace and then comes a big step change. We have to prepare,” Kern said in an interview Thursday in ...

  Bloomberg Ericsson introduces a 5G platform for the needs of the first movers in 5G. Communications are rapidly moving towards data-heavy applications like Virtual Reality and Augmented Reality everywhere. In light of that, Ericsson is now first to market with solutions to enable today’s networks to evolve smoothly to the next generation of networks. Ericsson’s new 5G platform comprises ...

  LOS ANGELES / AP Like prom for movie stars, the Academy Awards is Hollywood’s most glamorous night. It’s also the most photographed celebrity event of the year, its starry images beamed instantly around the world and endlessly reproduced in fashion magazines. That’s why it takes about a month and a team of specialists to get an A-list actress red-carpet ...

  Edinburgh/Munich / DPA Dolly is looking a bit bemused at the visitors arriving these days at the Royal Museum in Edinburgh. It was 20 years ago – February 23, 1997 – that reports surfaced about the birth of an extremely exceptional lamb. Dolly – named after the country and western singer Dolly Parton – is now a stuffed specimen, ...

  ABU DHABI / WAM The UAE’s initiatives in Yemen are making a difference in the country’s development and reconstruction, and have enabled fast-paced improvement in the humanitarian situation in areas liberated from the rebels, said Fahad Saeed Al Menhali, Yemeni Ambassador to the UAE. “By all measures, the response of the Emirates Red Crescent (ERC) to the humanitarian situation ...

  DUBAI / Emirates Business The Cargo and Personnel Screening Conference concluded in Dubai with recommendations from participants to give more focus on better cooperation between customs administrations and more technology to be involved in the screening process. The event was held at the Dusit Thani hotel in Dubai, and was organized by International Quality & Productivity Center (IQPC) in ...

  DUBAI / WAM Africa Finance Corporation (AFC) has carried out a 150 million US dollar Islamic financing transaction on the Murabaha platform of Nasdaq Dubai, the international financial exchange serving the Middle East and Africa. The transaction was executed to facilitate the issuance by AFC of a 150 million US dollar Sukuk, which was the first US dollar Sukuk ...

  ABU DHABI / WAM Abu Dhabi General Services Company Musanada announced the progress of infrastructure works of the Emirati District project in Madinat Zayed – Abu Dhabi within blocks 3, 4 and A2 according to the set plan. Suwaidan Rashed Al Dhaheri, Acting Chief Executive Official in Abu Dhabi General Services Company “Musanada” stated that the Emirati District’s infrastructure ...

  VIENNA / WAM OPEC and Non-OPEC countries are on target towards full conformity with their adjustments in oil production, revealed the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC), according to a report by the Joint OPEC-Non-OPEC Technical Committee (JTC). ‘‘OPEC and Non-OPEC producers achieved a conformity level of 86 percent,’’ the JTC said. The JTC, a technical sub-committee of the ...