DUBAI / Emirates Business Global innovator LG Electronics Inc (LG) is poised to define the future of artificial intelligence (AI) for consumers and businesses in the years ahead with the establishment of a major new AI research presence in North America in collaboration with leaders in academia and start-ups. The company is launching the new LG Electronics AI Research Lab ...

DUBAI / Emirates Business Immensa Technology Labs, the UAE’s leading Additive Manufacturing (AM or 3D printing) company, in collaboration with global leader in construction industry, Consolidated Contractors Company (CCC), released result of a world-first joint effort to recover a series of concrete casting techniques with the aid of large-format 3D printing. The ‘Sensorial Adaptive Concrete Screen’ was developed with NOWlab, ...

DUBAI / Emirates Business Apla, a technology company that develops blockchain solutions for governments and enterprises, introduced Smart Laws as an answer to transaction fidelity surrounding blockchain technology. Smart Laws allow verifying the existence of any licenses, permits and any other conditions necessary that were not taken into account when writing a smart contract. They provide a mechanism to verify ...

Bloomberg The Bank of England’s latest interest-rate increase has become another battleground in the vitriolic Brexit debate — yet many of the arguments overlook Governor Mark Carney’s reasoning. Despite Carney’s press conference and media interviews, some politicians and economists have been quick to call the move a mistake ahead of Britain’s departure from the European Union, while others said it ...

Bloomberg Argentina’s central bank is said to be discussing a repo loan of as much as $5 billion with foreign banks, according to people with knowledge of the matter. The talks with banks including HSBC Holdings Plc, UBS Group AG and Nomura Holdings Inc. are expected to continue into next week as the central bank considers its options to secure ...

Bloomberg The newest large bank trade group has hired a longtime JPMorgan Chase & Co. lobbyist to run its advocacy and communications efforts. Kate Childress, who helped lead JPMorgan’s lobbying and regulatory efforts on the 2010 Dodd-Frank law, will join the Bank Policy Institute in September, the association announced. The hiring is a do-over for the policy institute, which had ...

Bloomberg Banca Monte dei Paschi di Siena SpA rode lower costs and an asset sale to a second straight quarter of profit, even though a sharp drop in the value of Italian state debt hit revenue and eroded capital. Second-quarter net income totalled $117 million, the Siena, Italy based bank said in a statement, confirming progress toward a turnaround after ...

Bloomberg Bond-market strategists interested in Bank of America Corp.’s latest opening probably shouldn’t apply if they can’t speak French or don’t want to live in Paris. “Although not certain as yet, the role is very likely to be based in Paris as part of the firm’s Brexit transition,” the US lender said in a job advert for a credit strategist ...

Bloomberg The day after Haruhiko Kuroda pledged to allow greater swings in Japan’s giant bond market while pushing back against rapid increases, traders are putting him to the test. Moves in 10-year government debt futures were so extreme — a drop of as much as 0.5 percent, the most in almost two years — that they triggered an emergency margin ...

Bloomberg China is threatening to impose a 25 percent tariff on imports of US liquefied natural gas, potentially a major blow to an emerging American business. It’s the first time the fuel has been ensnared by the trade war, coming as part of a $60 billion response to a Trump administration plan to impose more levies. The move adds new ...