Bloomberg J Sainsbury Plc said it’s cutting costs in an effort to avoid raising prices in response to the drop in the pound, after sales fell in its core grocery business. British supermarket chains have begun raising prices for the first time in more than two years as the slide in sterling since the U.K. voted to leave the ...

  Bloomberg Samsung Electronics Co.’s new Galaxy S8 will employ facial-recognition technology for mobile payments within months of release, adding cutting-edge security to help the marquee device stand out from rivals such as Apple Inc.’s iPhone, people familiar with the matter said. The Galaxy S8 to be unveiled later this month will blend fingerprint, iris and facial detection to verify ...

  Bloomberg Swatch Group AG said it’s developing an alternative to the iOS and Android operating systems for smartwatches as Switzerland’s largest maker of timepieces vies with Silicon Valley for control of consumers’ wrists. The first product using the Swiss-made system will be a Tissot smartwatch to be introduced at the end of 2018, Swatch Chief Executive Officer Nick Hayek ...

  Bloomberg Google Inc. is scaling up investment in Africa by laying fiber optic cable, easing access to cheaper Android phones and training a workforce in digital skills as the US technology giant seeks to expand on the continent. “We laid about 1,000 kilometers (621 miles) of fiber in Uganda and we are busy doing about 1,000 kilometers in Ghana,’’ ...

  Emirates Business Mobile phones have evolved considerably over the past two decades from being just simple communication devices to becoming the most innovative compact entertainment systems empowering people to view content on demand whilst having the ability to share their most intimate moments all from the palm of their hand. Smartphones are rapidly increasing in demand across the world ...

  Dubai / WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Wednesday announced that Dubai’s non-oil foreign trade in 2016 reached AED1.276 trillion despite the global slowdown. Sheikh Hamdan pointed out that the value of Dubai’s external trade rose 70 percent from AED754 billion in 2009 to AED1.276 trillion in 2016. ...

  Kuwait / Emirates Business The State of Kuwait on Wednesday announced that it has successfully issued its inaugural dual-tranche USD 8 billion bond offering into the international debt markets. Notes due in 2022 (the five-year Bonds) and for the value of USD 3.5 billion and notes due in 2027 (the 10-year Bonds) for the value of USD 4.5 billion. ...

  ABU DHABI / WAM Residents of the United Arab Emirates have a resoundingly positive view of the country they live in and of the future, in stark contrast to views from other countries around the world. According to Brunswick Insight’s global research, an overwhelming sense of well-being and security, trust in the capacity of business for doing good, and ...

  Dubai / WAM Emirates Central Cooling Systems Corporation (EMPOWER) achieved LEED Gold Certification from the US Green Building Council for its third cooling plant located in Business Bay in Dubai. The certificate honours Empower’s efforts to preserve the environment, as the company is keen to ensure its projects are up to the international standards and its work goes in line ...

  Abu Dhabi / WAM “The cyber attacks sought to deface and block government websites, including denial of service, hacking, deception, fraud, and identity and document theft,” said Eng. Mohammed Al Zarooni, Director of TRA’s Policy and Programs Department, in a statement to Emirates News Agency (WAM). He noted that private companies were the most vulnerable to such attacks, registering 510 ...