November, 2019

• 27 November

  Investment opportunities of Dubai highlighted in London

  DUBAI / WAM Dubai Land Department (DLD), led by a delegation through its Promotion and Real Estate Investment Management Sector and the Registration and Real Estate services sector, made a five-day trip to London, in line with its keenness to continue promoting the opportunities as well as the government services and facilities the Emirate of Dubai offers to investors. Majida ...

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• 27 November

  Abu Dhabi to reduce use of single-use plastic by 2021

  

  Abu Dhabi / WAM Abu Dhabi aims to substantially reduce its consumption of single-use plastic by 2021, a top official told the Emirates News Agency (WAM), on Tuesday. “We will have the draft policy on single-use plastic by early 2020. We are actually aiming to have a phenomenal reduction of consumption of single-use plastic by 2021,” said Dr Shaikha Al ...

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• 27 November

  Trudeau notches big win with negotiated end to rail strike

  

  Bloomberg Justin Trudeau scored a major political victory with the negotiated end to a damaging Canadian rail strike that will only cement his government’s growing ties with organised labour. The prime minister’s reluctance to force an end to the strike of about 3,200 conductors and railyard operators at Canadian National Railway Co (CN) won him accolades from the union and ...

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• 27 November

  Vodafone wins ‘price war’ fight with Elliot

  Bloomberg Vodafone Group Plc won backing from a German court for the price it paid for Kabel Deutschland Holding AG, dealing a blow to activist investor Elliott Management Corp’s attempt to win a bigger payout. The 84.53 euros ($93) a share — plus an annual top up — Vodafone paid to Kabel Deutschland’s shareholders as part of the 2013 acquisition ...

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• 27 November

  UK carmakers warn of flimsy EU trade deal

  

  Bloomberg British automakers warned that the next UK government needs to deliver a “world-beating Brexit trade deal” to bolster their competitiveness and safeguard jobs following a split from the European Union. Carmakers need a frictionless border free of tariffs and customs, regulatory alignment and access to talent, the Society of Motor Manufacturers and Traders lobby group said ahead of the ...

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• 27 November

  Inform accuses Google of antitrust violations

  

  Bloomberg Alphabet Inc’s Google was sued by a company that claims it was driven out of the digital advertising market by the search giant’s anti-competitive behaviour, which is already under scrutiny by state and federal officials. Advertising technology company Inform Inc alleges that Google has used its monopoly power in internet search and mobile operating systems to undermine competition in ...

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• 27 November

  Merkel demands European 5G agency

  

  Bloomberg Angela Merkel said Europe should set up an agency that certifies components for the region’s fifth-generation wireless networks, in a bid to address safety concerns over equipment from Chinese suppliers including Huawei Technologies Co. The agency could set standards for components built into Europe’s 5G networks and be modelled on the European Medicines Agency (MDA), which evaluates pharmaceutical drugs ...

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• 27 November

  Europe not prepared enough for facial recognition tech

  

  Bloomberg Europe’s not really ready for facial recognition technology. That’s the verdict of the European Union (EU) Agency for Fundamental Rights, whose 36-page paper says the region needs stronger rules governing the use of such technology by states, be it at national borders or in public spaces. “Given the novelty of the technology as well as the lack of experience ...

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• 27 November

  US equity futures rise; dollar gains with Treasury yields

  

  Bloomberg US equity futures edged up while stocks climbed globally as the risk-on mood that’s driven American benchmarks to record highs showed few signs of abating. The dollar gained and Treasury yields rose after data on economic growth and claims for unemployment beat analysts’ expectations. Contracts on the S&P 500 trimmed some of its advance as farm-equipment maker Deere & ...

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• 27 November

  Hong Kong stock’s 78% collapse adds to sudden crashes wave

  

  Bloomberg A third Hong Kong stock in less than a week lost most of its value in a sudden one-day plunge, underscoring concern that the $5.2 trillion market has become a breeding ground for wild volatility. China First Capital Group, an investment company that focusses on financial and education services, plunged as much as 78% on Wednesday before trading was ...

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