June, 2019

• 22 June

  New resolution raises women’s representation in FNC to 50%

  

  Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued the Presidential Resolution No. (1) of 2019 towards raising women’s representation in the Federal National Council (FNC) to 50 per cent with effect from the upcoming legislative cycle. Issued in the run-up to the fourth cycle of FNC elections that are scheduled to take place ...

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• 22 June

  Sharjah explores cooperation with Egypt, Jordan in key fields

  

  SHARJAH / WAM The Expo Centre Sharjah concluded its visit to Egypt and Jordan where it explored prospects of future cooperation and joint coordination in the sector of international exhibitions and conferences, to promote the interests of the Arab economy. The Expo delegation was headed by Saif Mohamed Al Midfa, Expo Centre Sharjah CEO, and he was accompanied by Mahmoud ...

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• 22 June

  UN commends UAE’s emergency response systems

  

  Abu Dhabi / WAM A UN official has praised the UAE’s role in implementing disaster risk reduction across the world. Sujit Mohanty, Chief of the UN Office for Disaster Risk Reduction (UNISDR), Regional Office for Arab States, said the UAE plays an important role, both locally and internationally, to apply emergency crises response systems and programmes. The UAE government has ...

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• 22 June

  Nissan board due to question Saikawa on 2013 house purchase

  

  Bloomberg Nissan Motor Co CEO Hiroto Saikawa is due to be questioned by the board on Monday about allegations by a former senior executive that he broke company rules to pay for a house in Tokyo, according to people familiar with the matter. Saikawa will be asked at the extraordinary meeting whether date restrictions on selling compensation-linked stock were altered ...

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• 22 June

  Foxconn’s founder urges Apple to invest in Taiwan

  

  Bloomberg The billionaire founder of Apple Inc’s largest supplier asked the US company to move from China to neighbouring Taiwan. “Speaking from the perspective of the Republic of China, I will plead to Apple to come to Taiwan,” said Terry Gou, who remains the largest shareholder in Hon Hai Precision Industry Co, answering a question about whether Apple will shift ...

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• 22 June

  SoftBank’s Son wants to re-list chipmaker ARM within 5 years

  

  Bloomberg SoftBank Group Corp founder Masayoshi Son says he wants to re-list ARM Holdings Plc within five years, re-introducing stock markets to the British chipmaker his company bought for $32 billion in 2016. SoftBank has not yet decided where the public offering will be held, Son said in Taipei. Founded in 1990, ARM quietly grew into the UK’s largest listed ...

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• 22 June

  Indian hotel operator Oyo plots $300m US market push

  

  Bloomberg Oyo Hotels & Homes, a lodging operator backed by SoftBank’s Vision Fund, is betting the same formula that fuelled the company’s rapid growth in India and China can work in the US. Oyo, which opened its first US hotel at the beginning of the year, plans to invest $300 million to expand in the country, Chief Executive Officer Ritesh ...

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• 22 June

  Huawei sues US government over equipment seizure

  

  Bloomberg Chinese telecommunications giant Huawei Technologies Co sued the US over the seizure of telecommunications equipment by American officials who were investigating whether the gear required an export license to leave the country. Huawei, China’s largest smartphone maker, said it’s been waiting for nearly two years for a decision by the US Commerce Department on whether the unspecified equipment can ...

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• 22 June

  Poland blocks Merkel’s push to end EU carbon emissions by ’50

  

  Bloomberg Poland blocked a push endorsed by German Chancellor Angela Merkel for the European Union to end greenhouse gas emissions by 2050, setting a sour tone for a summit that ended with a failure to decide who’s going to lead the bloc’s key institutions. Before the gathering, Merkel allied with the heads of several mostly western EU states to support ...

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• 22 June

  PG&E set to float $31bn bankruptcy restructuring plan

  

  Bloomberg PG&E Corp. has been shopping a new plan that would see the bankrupt California utility em-erge from bankruptcy in March with a $14 billion fund established to address past wildfire claims and another $20 billion statewide fund for future fires. The proposal, the first one that PG&E has made, is expected to be filed in August, according to a ...

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