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UAEU to participate in Expo 2020 Dubai

AL AIN / WAM The United Arab Emirates University (UAEU) will participate in a special pavilion in Expo 2020 Dubai next October. The pavilion will shed light on the “University of the Future” initiative, which aims at revolutionising higher education in the Arab world by 2030. Zaki Nusseibeh, Chancellor of UAEU, said that the university’s participation in the fair through ...

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Hong Kong is giving itself another identity crisis

The Hong Kong government’s proposal to let directors obscure their identities on the companies register is a retrograde step that will facilitate fraud and corruption. Don’t take a journalist’s word for it. Don’t listen to the legal profession, which said in 2009 that ID numbers should be fully disclosed. Don’t pay heed to the accountants and corporate governance experts who ...

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Google’s court win is pro-consumer

The Supreme Court has ruled that Google did not violate Oracle’s copyright when it copied 11,500 lines of JAVA code for its Android operating system. The 6-2 decision followed a long-term trend by reversing a ruling by the US Court of Appeals for the Federal Circuit, a specialised body that tends to protect intellectual property more aggressively than does the ...

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Why UK PM can’t throw caution to the wind

Opposition to Boris Johnson’s go-slow plan for reopening the economy and his too-vague plan for domestic vaccine passports has been growing in his Conservative Party. There are many arguments raised, but what really bothers some conservatives (small and big C) is the suspicion that his policies reflect a sizable shift in the role of the state in people’s lives. Some ...

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Walmart’s Flipkart aims for IPO in fourth quarter: Sources

Bloomberg Flipkart, the Indian e-commerce giant controlled by Walmart Inc, is making progress toward an initial public offering as soon as the fourth quarter of this year, according to people familiar with the matter. The US retail giant has set up an internal IPO team for Flipkart and is leaning towards a traditional debut in the US, said the people, ...

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Who’s afraid of the big bad economic boom?

The global recovery needs to call its agent. An economic rebound as brawny as the one projected this year ought to be a cause for celebration. It’s a relief that gross domestic product will enjoy its biggest spurt in years — perhaps even decades — following the biggest drop since the 1930s. Instead, the almost daily upgrades to growth forecasts ...

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Ryanair set to take bigger Max after EASA’s signoff

Bloomberg Ryanair Holdings Plc can begin taking delivery of the Boeing Co 737 Max jet after European regulators signed off on a version of the single-aisle model that can squeeze in almost 200 passengers. The European Union Aviation Safety Agency (EASA) issued a type certificate for the so-called Max 200 model, according to a notification on its website. The action ...

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Russia stages mass military drills as Ukraine tensions climb

Bloomberg Russia announced the start of mass military drills, ratcheting up tensions with neighbouring Ukraine amid Western concerns about the risk of renewed fighting. More than 4,000 training exercises will be held in military districts across Russia in April, Defense Minister Sergei Shoigu said, in comments posted on the ministry’s website. Ukrainian President Volodymyr Zelenskiy reiterated his country’s desire to ...

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Euro-area firms return to broad growth on vaccine optimism

Bloomberg Euro-zone companies have returned to broad-based growth for only the second time since the pandemic started, with factories booming and confidence high that vaccinations will soon end the coronavirus crisis. Germany, Italy, Spain and Ireland all saw business activity rise last month and France halted its contraction, according to IHS Markit’s latest survey of purchasing managers. Those nations, the ...

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