Bloomberg HP Inc. sees its future in copiers and printers. The personal-computer maker has agreed to buy Samsung Electronics Co.’s printer business for $1.05 billion, betting that it can grab share and generate income, even in a shrinking global market. The deal will add to earnings in the first full year, Palo Alto, California-based HP said in a statement …
Read More »Relaxnews Apple release iOS 10, the latest version of its mobile operating system. The software update for users of the firm’s current compatible devices lands a few days ahead of the official release of the iPhone 7 and 7 Plus. This latest update is one of the richest in new features in the history of iOS. Notable additions include …
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Bloomberg A Japanese startup is entering the equity-research business in a bid to challenge the dominance of securities firms by using computers to crunch vast troves of information and predict companies’ earnings. Nowcast Inc., a financial-technology venture formed last year out of the University of Tokyo, will begin providing automated earnings estimates of consumer goods makers as soon as …
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DPA The lanes, squares and bridges of Venice are crammed with people — the Italian city’s hotels play host to 10 million people each year, and that’s not including the 14 million day-trippers. But Venice itself only has a population of 260,000 people. Tourists come to experience the beautiful cobble-stoned streets, the waterways plied by gondolas, the romantic light. …
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AFP Faith Lawson carefully backs a large silver pick-up truck through cones placed on the red soil of a military camp in Ghana’s capital, Accra. As she checks her mirrors and slowly reverses, 14 young women standing in military formation look on. Two months ago, the 24-year-old had never even gripped a steering wheel and was frightened by the …
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Dubai / EMIRATES BUSINESS British representation at Cityscape Global this week almost doubled year on year, as developers compete for Middle Eastern investment amid the post-Brexit vote and a period of uncertainty. With the three-day real estate exhibition drawing to close on Thursday, UK developers reported good levels of interest across the board from GCC investors. Underlining the increased …
Read More »DUBAI / WAM Caracal International, an Abu Dhabi-based arms manufacturing company, has signed a Memorandum of Understanding, MoU, with Dong In Optical (DI Optical) of South Korea to establish close technical cooperation between two manufacturers. Hamad Salem Al Ameri, CEO of Caracal, and Jung In, CEO of DI Optical, signed the agreement during their participation at the DX Korea …
Read More »DUBAI / WAM Foreign investors purchased AED862.8 million worth of shares on the Dubai Financial Market (DFM) and sold AED880 million over the week, DFM said on Thursday. Net foreign investment on the market reached AED17.2 million as aggregate sale. Value of shares bought by foreigner investors comprised 42 percent of the total value of stocks traded during the …
Read More »Dubai / EMIRATES BUSINESS The Dubai Future Accelerators Programme has attracted international experts John Bradford and Paul Smith. Both amassed extensive experience and boast an impeccable track record in managing the biggest business accelerators around the world. Saif Al Aleeli, CEO of Dubai Future Foundation said, “Selecting them to be a part of the team is a testament to …
Read More »ABU DHABI / WAM Oil and gas giants are calling for greater industry collaboration and an increased focus on operational efficiency, as global energy leaders prepare to gather in the UAE capital for the upcoming Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016) in November. Established as the world’s most influential exhibition and conference for the oil and …
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