August, 2018

• 5 August

  Toys ‘R’ Us ‘auction delay’ means Santa may not come to town

  

  Bloomberg A drawn-out sale process is never good for value, but in the case of Toys ‘R’ Us, the delayed auction of its brand name could constitute an existential threat to any long-shot comeback. That’s because the closer it gets to Christmas, the less likely any potential bidder for the chain’s intellectual property would have time to reboot the brand …

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• 4 August

  EIPA promotes adoption of best global IP practices

  DUBAI / WAM The Emirates Intellectual Property Association (EIPA) continues to lead in the ongoing unified efforts to promote the adoption of global best practices in intellectual property (IP). The association’s commitment to promo- ting a culture of IP in the country is widely reflected in its continuing efforts to build solid foundations in the advancement of legal action across …

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• 4 August

  Saudi resumes oil exports through Red Sea strait

  

  RIYADH / WAM Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih, has announced resumption of oil shipments through Bab-El- Mandeb Strait. In a statement carried by the Saudi Press Agency (SPA), Al-Falih, announced that Saudi Arabia has resumed oil shipments through Bab-El-Mandeb Strait effective earlier on Saturday, after confirmation by the Joint Forces of the Coalition to Restore …

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• 4 August

  Facebook’s new tools to help limit scrolling time

  

  Bloomberg Facebook Inc, during all its years of expansion, has been focussed on one thing above all else: getting people to spend more time on its social network. Now, as tech giants face increasing criticism over the addictive nature of their products, the company is releasing features that do the opposite. Facebook and Instagram, its photo-sharing app, will add controls …

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• 4 August

  LG set to enter Canada’s AI scene

  

  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 …

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• 4 August

  Immensa revives concrete casting techniques with 3D printing tech

  

  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, …

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• 4 August

  Apla unveils smart laws to enhance blockchain fidelity

  

  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 …

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• 4 August

  Carney’s ‘BoE rate hike’ inflames UK Brexit divide

  

  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 …

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• 4 August

  Argentine central bank mulls $5bn repo loan

  

  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 …

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• 4 August

  JPMorgan lobbyist to join new bank trade group

  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 …

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