Bloomberg China’s official factory gauge unexpectedly rose last month to the highest level in almost two years, suggesting the economy’s stabilization remains intact and that a weakening in July was flood-related and temporary. Manufacturing purchasing managers index rose to 50.4 in August from July’s 49.9 and compared to the 49.8 median estimate of economists surveyed by Bloomberg. Non-manufacturing PMI …

  Bloomberg The strength of Australia’s jobs market is being overstated by a surge in casual positions and an inability by workers to secure more hours. While the unemployment rate fell to 5.7 percent in July from 6.3 percent a year earlier, 87 percent of the jobs created in that period were part-time: a definition that covers anything from 1 …

  Bloomberg Samsung Electronics Co. unveiled its new wristwatch device in Berlin, which includes support for contactless payments, as the company pushes to catch up to Apple Inc. in a still nascent market of wearable products. At the IFA technology tradeshow, the world’s biggest smartphone maker introduced the Gear S3 Classic and Gear S3 Frontier — two variations of the …

  Bloomberg Twitter Inc. jumped as much as 5.8 percent, the most in two weeks, after co-founder Ev Williams said in an interview with Bloomberg TV that the company has to weigh all options amid ongoing speculation it’s a takeover target. Williams initially declined to comment when asked by Bloomberg’s Emily Chang whether Twitter can remain an independent company. He …

  Bloomberg Baidu Inc. has unveiled its latest plans to stake out a spot in the burgeoning field of artificial intelligence, including a partnership with Nvidia Corp. to develop driver-less cars and a home gadget akin to Amazon.com Inc.’s popular Echo. Chief Executive Officer Robin Li is banking on AI to jumpstart a slowing internet search and advertising business. It …

  Bloomberg Starting early next year, travellers on some Lufthansa flights in Europe will be able to surf the web using airborne Wi-Fi that promises speeds and coverage that trounce existing offerings. The network, which will use Inmarsat Plc’s satellites and Deutsche Telekom AG towers on the ground, aims to let business travelers check the news and vacationers chat with …

  EMIRATES BUSINESS Palm Lights is a UAE-based brand specializing in eco-friendly candles. Started as a small home business in 2013, it has now grown into a trading establishment. With a vision to offer environmentally sustainable products in UAE, Palm Lights offers an exotic range of natural candles made with vegetable palm wax and essential oils. The crystalline finish on …

  Emirates Business Pure Storage (NYSE: PSTG), the market’s leading independent solid-state array vendor has retained its position in the Leaders Quadrant of the Magic Quadrant for Solid State Arrays (SSAs) by Gartner, Inc., a leading global research firm. For the third straight year, Pure Storage is positioned furthest along the “Completeness of Vision” axis in the Leaders Quadrant. Since …

  DUBAI / WAM The Dubai Chamber of Commerce and Industry (DCCI), will co-ordinate over 100 bilateral meetings between the European Union (EU) and Dubai businessmen on the sidelines of the EU delegation’s visit to the emirate on September 6. The EU business delegation is led by Peter Bishop, Deputy Chief of London Chamber, and includes over 51 business leaders …

  TOKYO/ WAM Data released by Tokyo’s Agency for Natural Resources and Energy, ANRE, has shown that Japan imported 25.47mn barrels of crude oil from the UAE in July. This accounted for 26.1% of Japan’s total crude imports, the agency, which is part of Japan’s Ministry of Economy, Trade and Industry, said. Saudi Arabia provided 32.89 million barrels, or 33.7% …