Bloomberg Silicon Valley software notables — Unity Technologies Inc., Snowflake Inc. and Asana Inc. — are set to disclose their financials as soon as next week ahead of September trading debuts, according to people familiar with their plans. Palantir Technologies Inc., which also is planning to go public in late September through a direct listing, is nearing disclosure of its ...

Bloomberg Facebook Inc. told the Federal Trade Commission (FTC) that the social-media company needs clear guidance on how to comply with new laws that grant consumers the right to transfer their data, without running afoul of user privacy. Regulators in Europe and California have ruled that consumers have the right to collect and move their personal information to new websites ...

Bloomberg Warner Bros. Interactive Entertainment announced the much-anticipated Gotham Knights, the first new Batman game in five years. The game will be out in 2021. During the event, developers showed footage of Batgirl and other superheroes fighting through Gotham in a setting where Batman is dead. Warner Bros. had been teasing Gotham Knights for nearly a year through Twitter posts ...

Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Law No. (9) of 2020 regulating family-owned businesses in Dubai. By providing a clear legal framework for family ownership in the emirate, the new law seeks to protect families’ wealth, enhance the contribution ...

DUBAI / WAM Unifeeder on Wednesday announced the acquisition of Transworld Feeders FZCO, Avana Logistek Limited, including its subsidiary Avana Global FZCO, and Transworld Feeders Pvt. Ltd., the containerised Indian coastal and Exim feeder shipping operations of Shreyas Shipping and Logistics Limited, excluding vessels and bulk operations. The transaction, made via Unifeeder, through its Unifeeder ISC (Indian Subcontinent) platform, a ...

Abu Dhabi / WAM Total assets of the 18 listed national banks rose to around AED3 trillion in H1 2020, up 8.2 percent, compared to the comparable period of 2019, reflecting the strong financial profile boasted by the Emirati banks, according to data released on their websites. The sector’s activity is highlighted by the profitability of the banks, as deposits ...

Bloomberg President Donald Trump said he called off last weekend’s trade talks with China, raising questions about the future of a deal that is now the most stable point in an increasingly tense relationship. “I cancelled talks with China,” Trump said in Yuma, Arizona. “I don’t want to talk to China right now.” The phase-one trade deal, which came into ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec), on Wednesday announced that its operations and maintenance subsidiary, Nawah Energy Company, in partnership with the Abu Dhabi Transmission and Despatch Company (Transco) – a subsidiary of Abu Dhabi National Energy Company – has safely and successfully connected Unit 1 of the Barakah Nuclear Energy Plant to the UAE grid, ...

Abu Dhabi / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi has announced that surface public parking bays will be free of charge starting from Sunday, August 23, until 7:59 am on Monday, August 24. ITC has urged motorists not to park their vehicles in prohibited areas and not to block vehicles ...

Dubai / WAM Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, has held a virtual meeting with Nirmala Sitharaman, Minister of Finance of India, to discuss means of bolstering cooperation with India in various fields. Al Tayer congratulated Sitharaman, the government, and the friendly people of India on the occasion of India’s Independence Day, which was celebrated ...