September, 2019

• 7 September

  Benefits of nuclear energy in focus at WEC

  

  Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) will showcase the positive impact that nuclear energy has economically, socially and environmentally at the 24th edition of the World Energy Congress. The four-day event at Adnec is being held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and Enec will highlight the transformational potential ...

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• 7 September

  EWEC named as a host sponsor of 24th World Energy Congress

  

  Abu Dhabi / Emirates Business The 24th World Energy Congress announced Emirates Water and Electricity Company (EWEC) as a Host Sponsor and key exhibitor, at the upcoming Congress. The inclusion of EWEC in the 24th World Energy Congress, taking place from September 9-12 at Abu Dhabi National Exhibition Centre (Adnec), means most of the UAE’s major energy companies will feature ...

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• 7 September

  Goldman Sachs lends $100m to Mexican fintech firm Konfio

  

  Bloomberg Goldman Sachs Group Inc is making another bet on a Latin American financial-technology startup, providing a secured credit facility of as much as $100 million to Mexico’s Konfio. The transaction will help Konfio, which provides unsecured working capital to small and midsize companies, lend about $250 million in the next 12 months, according to David Arana, the fintech’s chief ...

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• 7 September

  Mnuchin to AmEx, Goldman: Help small banks win contracts

  

  Bloomberg Treasury Secretary Steven Mnuchin has told large US banks including Goldman Sachs Group Inc and American Express Co they should do more to help black- and women-owned community banks win federal contracts. Mnuchin in a letter asked some of the country’s biggest banks to participate in the Financial Agent Mentor-Protege Program, in which large lenders counsel their smaller rivals ...

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• 7 September

  Ghana bank sees room for looser policy

  

  Bloomberg Ghana’s central bank has additional space to loosen policy thanks to the global move toward lower interest rates, as long as inflation slows, according to Governor Ernest Addison. “We are on a good disinflation path,” Addison said in an interview with Bloomberg TV at the World Economic Forum on Africa in Cape Town. “Inflation has continued to come down ...

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• 7 September

  UK Labour warns to restrict bankers’ bonuses if elected

  

  Bloomberg The UK Labour Party would seek to ban excessive bonuses for bankers if it came to power, unless the financial industry takes steps to curb excessive payments. John McDonnell, Labour’s Treasury spokesman, told the Financial Times he wanted to issue a warning to the finance industry that he would “take action” if it “hasn’t learnt its lesson.” A spokesman ...

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• 7 September

  Deutsche Bank regulators review supervisory board member

  

  Bloomberg German financial regulators are concerned about Deutsche Bank AG’s appointment of Juerg Zeltner to the supervisory board because his role as wealth management executive could pose conflicts of interest. They worry that Zeltner’s job running KBL European Private Bankers SA is incompatible with his oversight role at Deutsche Bank, according to people briefed on the matter. If the bank ...

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• 7 September

  Samsung’s redesigned Galaxy Fold on sale in home market

  

  Bloomberg Samsung Electronics Co’s Galaxy Fold was on sale in its home market of South Korea, following a months-long delay caused by the discovery of a severe defect in the original design. The Galaxy Fold, a $1,980 luxury Android device that opens like a book, was originally scheduled to go on sale in April, but it was delayed after multiple ...

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• 7 September

  Momo falls 6% after China starts probe into viral face-swap app

  

  Bloomberg Momo Inc’s shares slid by their most in a month after China’s technology industry overseer began an inquiry into how its Zao face-swapping app handles user data. The stock slid 6.6 percent after the Ministry of Industry and Information Technology responded to an online outcry about privacy terms involving the app, which went viral in the world’s biggest smartphone ...

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• 7 September

  Amazon targets Europe with new Fire TV

  Bloomberg Amazon.com Inc announced a new lineup of televisions running its smart Fire TV operating system, including the first sets it has sold in Europe. The retail and technology giant says it’s working with manufacturers and retail partners to bring more than 15 Fire TV devices to market over the next year. They include JVC-branded TVs bound for Currys PC ...

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