April, 2019

• 28 April

  US investigates whistleblower complaints about Boeing 737 Max

  Bloomberg US aviation and congressional officials are investigating allegations by about a dozen whistleblowers that there are safety issues with Boeing Co’s 737 Max aircraft, the Wall Street Journal reported, citing unidentified government employees familiar with the matter. Some of the claims relate to the design of a suspect flight-control feature or operation of specific sensors that are key to …

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• 27 April

  Qatar withdraws measures established against UAE

  GENEVA / WAM Qatar has decided to withdraw its measures against the UAE in a significant concession aimed at averting the consequences of the UAE’s case in WTO against an illegal Qatari ban on UAE goods and services. During a session of the Dispute Settlement Body (DSB) of the WTO, on Saturday, to examine the UAE’s request to set up …

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• 27 April

  Oil bulls on longest run in 13 years amid supply woes

  

  Bloomberg Oil is on its longest bull run in 13 years. Hedge funds have increased bullish sentiment on US crude prices for the last nine weeks, the longest such run since 2006, according to data. Almost 14 times as many bets have been placed on prices going up as on a decline, as investors see supply threats multiplying around the …

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• 27 April

  UAE-UK non-oil foreign trade hit AED42.69 billion in 2018

  

  London / WAM The volume of foreign trade in non-oil goods between the UAE and the UK was estimated at approximately 9 billion pounds (AED 42.69 billion) in 2018, recording a growth rate of 10 percent over the previous year, according to a senior UAE official. Mohammed Bin Abdul Aziz Al Shehhi, Undersecretary of Economic Affairs in the Ministry of …

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• 27 April

  Arab Bank Group profit up 5.2%

  Emirates Business Arab Bank Group announced its results for first quarter of 2019 reporting 5.2% growth in net profit after tax of $231.8 million as compared to $220.3 million in 2018, with net income before tax increasing by 9.1% to reach $312.8 million. Group equity stood at $ 8.5 billion, while loans increased to $25.8 billion and deposits to $33.7 …

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• 27 April

  Hydrogen as replacement for natural gas gets a boost in UK

  

  Bloomberg Lawmakers from Britain’s main political parties called for using hydrogen as a source of energy to significantly reduce the nation’s greenhouse gas emissions and help transition to a low-carbon system. The rules should be changed as soon as next year to allow hydrogen into the natural gas grid, members of Parliament on the Business, Energy and Industrial Strategy Committee …

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• 27 April

  Chevron working on merger with deal Anadarko despite rival bid

  

  Bloomberg Chevron Corp. is already working on integrating Anadarko Petroleum Corp., even as it faces a higher rival takeover bid for the oil explorer from Occidental Petroleum Corp. Just two weeks after Chevron agreed to buy Anadarko for $31 billion, executives from both companies have begun planning the combination of their sprawling international operations, Chevron Chief Executive Officer Mike Wirth …

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• 27 April

  SoftBank unit invests $125mn in Google’s Loon balloons

  

  Bloomberg One of the most improbable ideas from Google’s eccentric co-founders — using high-altitude balloons to provide internet connections — is getting a boost from another unconventional technology mogul. An affiliate of Masayoshi Son’s telecom company SoftBank Corp is investing $125 million in Loon, a subsidiary of Google parent Alphabet Inc. The SoftBank unit and Loon will share technology and …

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• 27 April

  Sequoia-backed drone startup begins Ghana medical deliveries

  

  Bloomberg US venture capitalists Sequoia Capital Operations LLC and Andreessen Horowitz are backing a tech startup that says it’s the world’s largest medical drone delivery service, sending 148 types of medicine to areas around Ghana. San Francisco-based Zipline International Inc struck a deal with the West African nation’s government to make on-demand deliveries of vaccines, blood products and other treatments, …

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• 27 April

  Alexa reviewers can access customers’ home addresses

  

  Bloomberg An Amazon.com Inc team auditing Alexa users’ commands has access to location data and can, in some cases, easily find a customer’s home address, according to five employees familiar with the programme. The team, spread across three continents, transcribes, annotates and analyses a portion of the voice recordings picked up by Alexa. Team members with access to Alexa users’ …

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