August, 2018

• 4 August

  UN data forum to showcase UAE as a global hub in sustainable development

  Dubai / Emirates Business The SDGs and the upcoming UN World Data Forum were discussed in a meeting between DSG Amina Mohammed and Abdulla Lootah, DG of FCSA at the UN HQ in New York. In particular, how advanced technologies and data can be utilised to serve nations as they strive to achieve the Sustainable Development Goals (SDGs). Lootah discussed ...

  Read More »
• 4 August

  Khalifa Fund invites entries for Pitch@Palace contest

  ABU DHABI / WAM In line with its mission of encouraging innovation among the youth and promoting SMEs, Khalifa Fund for Enterprise Development has invited creative entrepreneurs to participate in the second edition of ‘Pitch@PalaceUAE’ and the first edition of ‘Pitch@PalaceGCC, a competition being held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of ...

  Read More »
• 4 August

  Pompeo warns Russia, China on flouting N Korea sanctions

  

  Bloomberg US Secretary of State Michael Pompeo warned against easing up on sanctions until North Korea gives up its nuclear weapons, drawing a rebuke from the regime that underscored how far apart the two sides remain almost two months after their leaders met in Singapore. Back in Singapore for a regional security forum, Pompeo on Saturday called out Russia and ...

  Read More »
• 4 August

  Russian agent in US seeks dismissal of indictment

  Bloomberg Accused Russian operative Maria Butina asked a judge to dismiss a US indictment charging her with acting as an unregistered agent of the country and appealed an order denying her release from custody. Butina has been held since her arrest July 15 after prosecutors said she had ties to Russia’s intelligence services and oligarchs who could offer her safe ...

  Read More »
• 4 August

  Kushners give up control of ‘tower’ to save themselves

  Bloomberg The Kushners have found their out—and it comes at a price. The family firm of presidential son-in-law Jared Kushner will be relieved of the biggest drag on its real estate empire, will no longer face a $1.2 billion debt payment due in months, will be rid of having to overhaul an aging property. But in return, they’ve given up ...

  Read More »
• 4 August

  Mnangagwa wins Zimbabwe’s presidency after deadly protests

  

  Bloomberg Emmerson Mnangagwa won Zimbabwe’s presidential election, a victory overshadowed by deadly protests, opposition allegations of rigging and threats of legal action, and criticism by observers that the contest was flawed. The controversy surrounding the vote may undermine efforts to reunify the southern African nation and rebuild an economy battered by almost two decades of misrule under Robert Mugabe, who ...

  Read More »
• 4 August

  Judge: US must name czar to reunify children

  

  Bloomberg The federal judge presiding over the reunification of immigrant children separated from their parents at the US border ordered the government to figure out how to reunite the more than 500 children still in custody after calling the government’s efforts “unacceptable.” The government must “identify an individual or a team” to create and implement a procedure for those kids ...

  Read More »
• 4 August

  Mali’s president and ex-finance minister to contest runoff vote

  Bloomberg Malian President Ibrahim Boubacar Keita and a former finance minister will contest a runoff vote on Aug. 12 in the country’s presidential elections after no candidate secured a majority in the first round. Keita secured 41.4 percent of ballots cast in the July 29 election and his main opponent, Soumaila Cisse, obtained 17.8 percent, the Ministry of Territorial Administration ...

  Read More »
• 4 August

  Teva plunges as US sales drop amid generic price erosion

  

  Bloomberg Teva Pharmaceutical Industries Ltd. plummeted the most in six months after US sales fell amid price erosion for generic drugs, the company’s biggest business. The 18 percent slump in overall second-quarter sales to $4.7 billion trailed analysts’ average estimate and was led by a decline in sales of copycat drugs in North America. Rapid approvals for generic medicines and ...

  Read More »
• 4 August

  US EV charging market to grow to $18.6bn by 2030

  

  Bloomberg Falling prices and government mandates are set to boost sales of electric vehicles globally, making owning and operating charging infrastructure an attractive area for investment. Charging infrastructure in North America will draw $18.6 billion by 2030, according to a report by Wood Mackenzie Ltd. It’s not just North America that’s benefiting. There will be as many as 40 million ...

  Read More »