November, 2019

• 19 November

  New programmes to prepare creators of future launched

  

  Dubai / Emirates Business Dubai Future Academy (DFAc), a Dubai Future Foundation initiative, announced the launch of 10 new training programs aimed at developing the skills of professionals, the youth and promising talents in all fields, and empowering them with tools for the future and prepare them to adapt with the changes in the future of various economic, technological and ...

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• 19 November

  UAE, US join forces to protect defence tech

  DUBAI / WAM The UAE Ministry of Defence has signed a Memorandum of Understanding (MoU), with the US Defense Technology Security Administration (DTSA), to enhance cooperation between the two countries. Signed in the presence of Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, on the sidelines of the now-running Dubai Air Show, the MoU addresses security risks ...

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• 19 November

  49 Emirati artists begin working on UAE logo

  

  DUBAI / WAM Forty-nine artists began their mission to design the UAE Nation Brand logo that will represent the country and share its success story with the world, with the logo aimed at reflecting the UAE’s values and showcasing its journey towards emerging as a global model for hope, ambitions, openness and possibilities. The workshop is in response to the ...

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• 19 November

  Vodafone Idea, Bharti Airtel to raise mobile tariffs in Dec

  

  Bloomberg Shares of Vodafone Idea Ltd and rival Bharti Airtel Ltd rallied after the wireless carriers said they planned to raise tariffs starting next month, the first increase since the entry of billionaire Mukesh Ambani into India’s telecommunications market in 2016 triggered a price war. Vodafone Idea surged as much as 30% in Mumbai, while Bharti Airtel rallied as much ...

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• 19 November

  Toxic air costs ailing Indian economy dear

  

  Bloomberg Flight disruptions, fewer tourists, lost work hours and missed school days have come to portray India’s struggles with toxic air quality in its capital city, and the intangible costs may be adding up for an economy grappling with a sharp slowdown. India’s losses from air pollution increased more than four times to $560 billion between 1990 and 2013, according ...

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• 19 November

  China monitors US bid to control chipmaker

  

  Bloomberg A US chipmaker’s attempt to acquire a peer with a valuable Chinese affiliate has spurred concern in Beijing, as tensions between the world’s two biggest economies threaten to disrupt the global tech supply chain. China’s antitrust regulator is closely monitoring Diodes Inc’s proposed $428 million takeover of Taiwan’s Lite-On Semiconductor Corp, responding to complaints a deal will deliver the ...

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• 19 November

  Olympus may slash jobs in push to hike margins

  

  Bloomberg Olympus Corp is considering job cuts as the medical device and camera maker pushes forward with plans to almost double operating margin in the medium term, Chief Executive Officer Yasuo Takeuchi said. “The issue of personnel will naturally need to be addressed,” Takeuchi, who was promoted from chief financial officer in April, told reporters in Tokyo . “It’s a ...

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• 19 November

  Proving conspiracy is Carlos Ghosn’s court tactic

  

  Bloomberg A year after his arrest, Carlos Ghosn‘s strategy to exonerate himself from allegations of fraud and financial wrongdoing is becoming clearer: it’s all a conspiracy. Out on bail, the former chairman and chief executive officer of the global alliance between Nissan Motor Co, Renault SA and Mitsubishi Motors Corp intends to show that prosecutors, the trade ministry and the ...

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• 19 November

  Tata Steel to cut 3,000 jobs as crisis rips through Europe

  

  Bloomberg Tata Steel Ltd plans to cut as many as 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the UK. About two-thirds of the reductions would be office-based staff, the company said in a statement. While the steelmaker didn’t give ...

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• 19 November

  European car sales up 8.6 % in October

  

  Bloomberg European car sales jumped in October, although not enough to reverse a decline since the start of the year as demand wanes in key markets. Registrations rose 8.6% to 1.21 million vehicles, the European Automobile Manufacturers Association said. The increase was due to a low comparison with a year earlier when sales suffered from new emissions tests. The latest ...

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