October, 2019

• 29 October

  National Bank of Fujairah to set up SME banking platform

  Fujairah / Emirates Business National Bank of Fujairah (NBF) is building a dedicated banking platform for Small and Medium Enterprises (SME) in the UAE, providing access to comprehensive financial and business services and solutions. The platform will be an exclusive digital space co-created with SMEs to understand and address their needs better. Positioned as a community platform ‘For SMEs by ...

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• 29 October

  Etihad inks deal to promote Abu Dhabi medical tourism

  

  Abu Dhabi / Emirates Business Etihad Airways (Etihad), the national airline of the UAE, and Cleveland Clinic Abu Dhabi, the pioneering multispecialty hospital, have signed an agreement – the first of its kind in the region between an airline and medical services provider – that will see the two organisations collaborate to promote Abu Dhabi as a premier medical travel ...

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• 29 October

  Trump impeachment inquiry in new phase as Pelosi sets vote

  

  Bloomberg House Speaker Nancy Pelosi moved the Democrats’ impeachment inquiry of Donald Trump into a new phase that signals the public soon will get a look at the witnesses and evidence being assembled to build a case against the president. Amid Republican complaints that the investigation is illegitimate, Pelosi announced that the full House would vote on the next steps ...

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• 29 October

  GM, Toyota back Trump in battle over emission rules

  

  Bloomberg General Motors (GM) Co, Toyota Motor Corp and Fiat Chrysler Automobiles NV plan to back President Donald Trump in a contentious battle with California officials over automobile emissions rules, splitting with major rivals including Ford Motor Co. GM, Toyota and several other automakers plan to intervene on the administration’s behalf in a lawsuit filed by environmental groups challenging the ...

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• 29 October

  PG&E’s next massive blackout could hit 1.8 million Californians

  

  Bloomberg PG&E Corp will cut the lights to as many as 1.8 million Californians in a deliberate mass shutoff, the latest in an unprecedented string of blackouts that the bankrupt California utility giant has orchestrated to prevent wildfires. PG&E will start cutting the lights to as many as 605,000 homes and businesses in parts of the San Francisco Bay Area, ...

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• 29 October

  America’s middle class is addicted to a new kind of credit

  

  Bloomberg The payday-loan business was in decline. Regulators were circling, storefronts were vanishing and investors were abandoning the industry’s biggest companies en masse. And yet today, just a few years later, many of the same subprime lenders that specialised in the debt are promoting an almost equally onerous type of credit. It’s called the online installment loan, a form of ...

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• 29 October

  Atlas Towers sells SA unit to SBA for $140m

  Bloomberg Atlas Tower Pty Ltd is selling its South African tower portfolio to shareholder SBA Communications Corp for 2 billion rand ($140 million). The US company will dispose of more than 900 towers in Africa’s most industrialised economy to SBA, Atlas Chief Executive Officer Nathan Foster said in Johanesburg. The agreed price takes account of previous investments made by the ...

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• 29 October

  Tech firms urged to up fight against fake info

  

  Bloomberg Google, Facebook Inc and Twitter Inc need to continue to boost efforts to combat disinformation on their platforms, the European Union said, as it repeated warnings it could introduce legislation. The companies’ actions helped limit interference in the European Parliament elections in May and provided greater transparency around political ads, the European Commission, the bloc’s executive body said. But ...

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• 29 October

  Chinese firms scrambling to survive Trump blacklist

  

  Bloomberg The co-founder of China’s SenseTime Group Ltd was visiting New York to encourage more collaboration with the US on artificial intelligence when he heard the news: The Trump administration had blacklisted his company. So much for more cooperation. Xu Bing, the 29-year-old co-founder, knew SenseTime was at risk given rising tensions between China and the US, but the timing ...

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• 29 October

  Pakistan traders protest against move to raise tax

  

  Bloomberg Pakistani traders and top opposition political parties are protesting separately against prime minister Imran Khan’s move to raise taxes, including by monitoring some transactions. Traders and retailers closed shops and businesses nationwide as part of the two-day strike, after talks with the federal authority over tax measures failed, local television channels reported. All businesses in port city of Karachi ...

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