April, 2021

• 24 April

  AT&T explores sale of Rooster Teeth

  Bloomberg AT&T Inc is seeking buyers for Rooster Teeth Productions LLC, a piece of its WarnerMedia division, as part of an ongoing winnowing of noncore assets by the phone giant, according to people familiar with the matter. The pandemic has complicated efforts to sell the business, said the people, who asked not to be identified because the matter is private. ...

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• 24 April

  Brazil’s budget foreshadows another year of massive spending

  

  Bloomberg Brazil President Jair Bolsonaro enacted a budget that will likely keep growing in size this year, as the government faces competing demands to spend more during the pandemic and to fund lawmakers’ projects in their home states. Bolsonaro vetoed almost 20 billion reais ($3.7 billion) in expenses, including 12 billion reais that had been set aside for lawmakers’ projects ...

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• 24 April

  Apple debuts faster iPad Pro with brighter screen, 5G option

  

  Bloomberg Apple Inc. unveiled an updated iPad Pro with a faster processor, 5G connectivity, upgraded screen and new cameras, offering a more powerful version of its priciest tablet aimed at workers and students returning to offices and schools. The new models come in the same 11-inch and 12.9-inch screen sizes as the previous version, and they look nearly identical to ...

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• 24 April

  BMW China JV to start production in 2023

  

  Bloomberg BMW AG’s China joint-venture (JV) with Great Wall Motor Co. is set to start production in 2023, as the German carmaker aims to have electric vehicles make up one-quarter of its sales in the country. The construction of a manufacturing plant with Great Wall is “well under way” and the main structure should be completed later this year, BMW’s China ...

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• 24 April

  TikTok faces privacy lawsuit on behalf of children

  

  Bloomberg TikTok faces a London lawsuit filed on behalf of millions of children in the UK and Europe over privacy concerns. The suit accuses the popular video app and its parent company ByteDance Ltd. of violating UK and European Union (EU) data protection laws. The suit seeks to stop TikTok from “illegally processing millions of childrens’ information” and demands any ...

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• 24 April

  Discord ends takeover talks with Microsoft

  Bloomberg Microsoft Corp. and video-game chat company Discord Inc. have ended takeover talks after Discord rejected a $12 billion bid, according to people familiar with the matter. Discord is now focused on a potential public listing in the long term, the people said, asking not to be identified because the deliberations are private. Twitter Inc also expressed interest in buying ...

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• 24 April

  Mitsubishi to cut 16,000 units globally in May

  Bloomberg Mitsubishi Motors Corp will cut production by as many as 16,000 cars globally next month due to the chip shortage, according to a company spokesperson, latest automaker to succumb to the malaise that’s gripped the world’s automobile industry. The Japanese automaker produced 90,745 units globally in January and 88,754 cars in February, according to its website, so that trim ...

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• 22 April

  Zakat Fund inks strategic deal with UAE ministry

  

  Abu Dhabi / WAM Zakat Fund has signed a strategic Memorundum of Understanding (MoU) with the Ministry of Foreign Affairs and International Cooperation (MoFAIC), to improve services rendered to UAE nationals overseas. The agreement, signed by Abdullah bin Aqeedah Al Muhairi, Secretary-General of the Zakat Fund, and Khalid Abdullah Belhoul, Undersecretary of MoFAIC, embodies the directives of the UAE visionary ...

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• 21 April

  First blockchain-enabled precious metals refinery to open in Dubai

  

  DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the signing of a sale and purchase agreement (SPA) with REIT Development to establish the largest precious metals refinery and storage facility across the GCC and the first to be completely enabled by blockchain in the GCC. As part ...

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• 21 April

  DGCX launches Pakistani rupee futures contract

  Dubai / WAM The Dubai Gold & Commodities Exchange (DGCX) announced the launch of its Pakistani Rupee (PKR) Futures Contract and is now available for trading. As the first-of-its-kind on any regulated exchange in the world, the contract will provide members and their clients with the ability to hedge exposure to the Pakistani Rupee. It will also provide trading opportunities ...

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