Bloomberg Microsoft Corp. is working on in-house processor designs for use in server computers that run the company’s cloud services, adding to an industrywide effort to reduce reliance on Intel Corp.’s chip technology. The world’s largest software maker is using Arm Ltd. designs to produce a processor that will be used in its data centers, according to people familiar with ...

Bloomberg Volkswagen AG, the German automaker, is bracing for a major production disruption from a shortage of semiconductors. The world’s largest automaker will need to adjust first-quarter manufacturing plans around the globe because of the bottleneck, VW said in an emailed statement, without giving specific figures. The number of cars affected could be in the low six-digit range. The situation ...

Bloomberg Sony Corp. and Microsoft Corp. have taken unusual measures to appease customers unhappy with CD Projekt SA’s Cyberpunk 2077 game, which was released earlier this month and is riddled with bugs, especially in console versions. For PlayStation players, Sony is offering full refunds for Cyberpunk 2077 and is removing the title, one of the year’s most highly anticipated gaming ...

Bloomberg Apple Inc. is temporarily closing its Los Angeles-area stores as Covid-19 cases jump in the region. The move marks the first time in many months that Apple has shut retail locations in one of the country’s most populous areas. The Cupertino, California-based technology giant has several stores in Los Angeles, including major outlets at The Grove and Beverly Center ...

Bloomberg Huawei Technologies Corp. is positioning itself to get more business in Ethiopia, as the East African economy opens up its telecommunications sector. “Ethiopia is rising and becoming much more important for the future,” Loise Tamalgo, Huawei’s head of public relations for 22 countries in sub-Saharan Africa, said in an interview in Ivory Coast’s commercial capital, Abidjan. The company is ...

Bloomberg Asian buyers are snapping up oil at higher prices than last month, helping to bolster physical crude markets across the world and underpin a rally in futures. Driven by a slew of purchases from Indian and Chinese refiners, crude values everywhere from Russia to the Middle East and Latin America have surged so far. Spot trading activity has been ...

ABU DHABI / TEL AVIV / WAM Abu Dhabi Securities Exchange (ADX) and the Tel Aviv Stock Exchange (TASE) on Wednesday signed a Memorandum of Understanding (MoU), the first time an Arab exchange has entered into a commercial relationship with the state of Israel. The MoU will facilitate the development of channels of communication to foster co-operation between the two ...

ABU DHABI / WAM The UAE on Wednesday sent a third aid plane carrying 14.4 metric tons of medical supplies and testing kits to the Gaza Strip in coordination with the Commission for Solidarity in Gaza, benefiting more than 14,000 healthcare professionals as they work to combat Covid-19. This comes as part of the UAE’s efforts to offer assistance in ...

DUBAI / WAM A number of challenges and opportunities have emerged for university students and graduates as a result of the Covid pandemic — a subject that was top of the agenda in the virtual event “Building the Ideal Skill Set for the 21st Century: How Students Can Prepare for the Modern Workplace”, which kicked off the Expo 2020 Dubai’s ...

Abu Dhabi / WAM In response to the societal challenge of priority environmental pressures in Abu Dhabi, The Authority of Social Contribution (Ma’an) has announced the launch and theme of its fourth cohort of Ma’an’s Social Incubator (MSI), which will focus on the environment. Applications are now open for social entrepreneurs to develop sustainable solutions to help protect the environment ...