November, 2016

• 15 November

  UK to borrow extra $125 billion as growth slows

    Bloomberg Britain may borrow 100 billion pounds ($125 billion) more than previously forecast over the next five years as Brexit hits the economy, according to PricewaterhouseCoopers. The budget deficit is on course to reach 67 billion pounds in the current fiscal year, almost 12 billion pounds more than officials estimated in March, it said in a report published on …

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• 15 November

  Apple to tap smart glasses in deeper wearables push

  

    Bloomberg Apple Inc. is weighing an expansion into digital glasses, a risky but potentially lucrative area of wearable computing, according to people familiar with the matter. While still in an exploration phase, the device would connect wirelessly to iPhones, show images and other information in the wearer’s field of vision, and may use augmented reality, the people said. They …

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• 15 November

  Facebook had tool to weed out fake news

  

    Relaxnews Facebook had a tool to weed out fake news circulating on the social network this year but declined to deploy it for fear of offending conservatives, a report said. The report by the online news site Gizmodo comes with Facebook under fire for allowing hoaxes and misinformation to go viral and — according to some critics — boost …

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• 15 November

  Sony’s PS3 celebrates 10-year anniversary

    Relaxnews In November 2006 (November 11 in Japan and November 17 in North America), Sony unleashed its latest home video games console, destined to become the head-on rival for Microsoft’s Xbox 360, released the previous year. The PS3 brought the Japanese tech firm hurtling into the high-definition era. Sony faced a considerable challenge given the overall success of its …

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• 15 November

  Samsung’s $8B ticket into the red-hot automotive tech race

  

    AP Samsung Electronics’ $8 billion acquisition of the US auto electronics company Harman will instantly transform the South Korean tech company into a major player in the highly competitive and rapidly growing market for auto infot- ainment, software and connected car technology. Samsung announced on Monday that it would pay $112.00 per share in cash for the Stamford, Connecticut, …

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• 15 November

  Strokes of tradition

  

    Abidjan / AFP “Some people said I’d wasted my life, that I should be a doctor, do something else,” recalls Aboudia, an Ivorian painter with international fame and a big show this month in Abidjan. Aboudia grew up as Abdoulaye Diarrasouba, a youth who still readily speaks Nouchi, the street dialect of working-class districts in Ivory Coast’s economic capital. …

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• 15 November

  Solomon Islands’ sinking fate belies cheery Pacific image

  

    Honiara / DPA Robert Satu has spent his whole life in a community near Honiara in the Solomon Islands, a South Pacific nation where steep hills often leave little space for settlements. “From the main road to the sea was more than 120 metres,” the village elder says in a documentary about the effects of climate change. “It’s now …

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• 14 November

  Abu Dhabi Ports, Emiroll to build AED440mn plant

  

    Abu Dhabi / EMIRATES BUSINESS Abu Dhabi Ports signed a 50-year Musataha Agreement with Emirates Aluminium Rolling (Emiroll), a joint venture between DUBAL Holding, Dubai Investment Industries (a subsidiary of Dubai Investments PJSC) and Madar Aluminum Rolling Singapore (MARS), to set up a manufacturing plant with a total investment of AED 440 million on a 83,554.58 square metre plot …

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• 14 November

  Mohamed reshuffles ADAC’s board

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of Abu Dhabi Executive Council, has issued a resolution reshuffling the board of directors of Abu Dhabi Airports Company and appointing Awaida Murshed Ali Murshed Al Marar chair of the new board. …

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• 14 November

  Emaar, Saudi PIF to set up $1bn e-commerce firm

    Bloomberg A group of investors led by Emaar Properties PJSC Chairman Mohamed Alabbar and Saudi Arabia’s sovereign wealth fund will each contribute $500 million to an e-commerce venture to tap the Middle East’s fast-growing online retail market. E-commerce firm Noon will go live in January and provide 20 million items for customers, Alabbar said at a news conference in …

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