September, 2020

• 12 September

  World’s insurers await UK Covid ruling with billions at stake

  

  Bloomberg Insurers battered by coronavirus are about to find out how much worse the damage could get. A London court is set to rule on Tuesday in a case involving about 370,000 policyholders, companies including Zurich Insurance Group AG and Hiscox Ltd. and potentially billions of pounds of claims. The UK markets watchdog brought the case after small businesses struggled ...

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• 12 September

  Once a handset superpower, Nokia still commands a potent weapon

  

  Bloomberg A good decade after Nokia Oyj’s mobile-phone business suffered a fatal blow at the hands of the iPhone, the Finnish company is still feeding off a lucrative asset that it salvaged from the wreckage. Nokia retained a catalogue of thousands of wireless communications patents that is steadily growing thanks to a thriving research operation. Now an attempt to change ...

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• 12 September

  Tesla to ship China-built cars to Asia and Europe

  

  Bloomberg Tesla Inc. plans to ship cars made at its Shanghai factory to other countries in Asia and Europe, according to people familiar with the matter, shifting its strategy for the plant to largely focus on supplying the local market. China-built Model 3s for delivery outside the country likely will start mass production in the fourth quarter, the people said, ...

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• 12 September

  TikTok pushing forward with deal to meet looming deadline

  

  Bloomberg TikTok is pressing forward with plans for a sale of its US operations ahead of a mid-September deadline, according to a person familiar with the matter, even as signs emerge that the video-sharing app is facing pressure to shut down rather than make a deal. The app, owned by China’s ByteDance Ltd., is still considering bids from two possible ...

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• 12 September

  Facebook has a new plan to fight climate misinformation

  

  Bloomberg In the geographic heart of the tech industry, it was hard to think of anything except the orange skies, dark and tinted by wildfire smoke. The image software on iPhones failed to capture the dystopian hue, or the feeling of being surrounded by it. Silicon Valley workers tweeted that it felt like night time, or a perpetual sunset, or ...

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• 12 September

  Google drops plan to rent Dublin office

  Bloomberg Alphabet Inc’s Google unit walked away from a plan to rent space in Dublin for as many 2,000 workers, shelving one of the city’s biggest real-estate deals in recent years. Google had been in talks to rent about 202,000 square feet (18,766 square meters) of space at the Sorting Office, close to the Irish capital’s south quays, adding to ...

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• 9 September

  UAE teams begin rescuing 75,000 people affected by Pakistan floods

  

  ISLAMABAD / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and with the support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the monitoring of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of ...

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• 9 September

  Oil moves back above $40 with equity gains, technical support

  

  Bloomberg Oil in London moved back above $40 a barrel, as markets broadly rebounded from Tuesday’s sharp selloff. Futures rise 1.1% after a precipitous slump a day earlier that saw prices settle below $40 for the first time since June 15. While crude rallied along with other risky assets, it also found technical support on Wednesday. Brent dropped a few ...

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• 9 September

  Tamm launches new ‘digital agent’ service

  

  Abu Dhabi / WAM Abu Dhabi Government Services Ecosystem (Tamm) on Wednesday expanded its “TAMM Cares” initiative with the introduction of the “Tamm Digital Agent” service to help improve digital experiences for consumers in the emirate. The service was rolled out to support customer segments that aim to complete digital government services using digital channels from their homes or offices. ...

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• 9 September

  Adnoc awards $245m contracts to upgrade main oil lines, terminal

  

  Abu Dhabi / WAM Adnoc Onshore, a subsidiary of the Abu Dhabi National Oil Company (Adnoc), on Wednesday announced the award of two Engineering, Procurement, and Construction (EPC) contracts to upgrade two Main Oil Lines (MOLs) and crude receiving facilities at the Jebel Dhanna terminal in the emirate of Abu Dhabi. The EPC contracts have a combined value of around ...

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