June, 2017

• 3 June

  BlackBerry jumps after Citron cites ‘game changer’ tech

  

  Bloomberg BlackBerry Ltd. shares reached their highest price in more than two years after short-seller Citron Research said the company was a likely target for a buyout at a high premium. The stock gained 7.9 percent to $11.40 at 1:20 p.m. in New York, after earlier hitting $11.74, the highest intraday price since January 2015. Citron recommends investors buy shares, ...

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• 3 June

  SoftBank fund in talks with Canada, ME firms for cash

  

  Bloomberg SoftBank Group Corp. is in discussions with potential investors in Canada and the Middle East to raise $7 billion of additional capital for its technology fund, according to people familiar with the matter. The Japanese company is in talks with Canadian pension funds, sovereign wealth funds in Kuwait and Qatar and technology companies, the people said, asking not to ...

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• 3 June

  Cloudflare hires ex-Symantec finance chief in move toward IPO

  

  Bloomberg Cloudflare Inc. hired Symantec Corp.’s former chief financial officer to fill the same role at the network security company as it prepares for an initial public offering. Thomas Seifert will join San Francisco-based Cloudflare, according to the company. After considering about 30 candidates over a two-and-a-half year search process, Seifert was the first person Cloudflare made a formal offer ...

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• 3 June

  Lufthansa mulls stretching out deliveries of 777X

  

  Bloomberg Germany’s Lufthansa is considering stretching out deliveries of Boeing’s new 777X aircraft, concerned about the cost and size of the big jet as the aviation industry shifts to smaller, more nimble planes. A decision on the new timeline is “urgent” and could be reached by September, according to an internal video presentation by Lufthansa Chief Executive Officer Carsten Spohr. ...

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• 3 June

  Boeing delays Norwegian Air’s 737 MAX delivery date

  

  Bloomberg Boeing Co. is delaying the delivery of Norwegian Air Shuttle ASA’s first 737 Max jet — again. The upgraded single-aisle plane will now arrive at the end of June, the discount carrier said in an emailed statement. The delay is the second in about a month for Norwegian, which initially planned to receive its first 737 Max at the ...

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• 3 June

  More disruption for BA passengers as ‘crew’ threatens strike

  Bloomberg British Airways flight attendants are threatening a strike, just days after a computer failure disrupted travel for more than 75,000 passengers and put the carrier’s cost cuts under scrutiny. Members of the Unite union plan to walk out from June 16 through June 19 after the airline suspended travel benefits for flight attendants who participated in 26 days of ...

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• 3 June

  Amazon shares hit $1,000 mark for the first time

  

  Bloomberg Amazon.com Inc.’s shares rose briefly just above $1,000 for the first time, marking a new milestone for a company wooing investors by dominating online commerce and cloud computing. Amazon hit an intraday high of $1,001.20 in New York before ending the day little changed at $996.70. The stock is up almost 40 percent from a year ago and more ...

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May, 2017

• 31 May

  VP launches Dubai cyber security strategy

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, accompanied by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Wednesday launched the ‘Dubai Cyber Security Strategy’ that aims to strengthen Dubai’s position as a world ...

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• 31 May

  Kabul truck bomb kills 80

  

  Bloomberg A suicide truck bomb in Kabul killed as many as 80 people and wounded 350 on Wednesday morning near a diplomatic enclave in the worst attack on the Afghan capital in 10 months. The explosion happened near the German embassy about 8:25 a.m. in the Wazir Akbar Khan area, a busy neighbourhood that’s home to the presidential palace and ...

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• 31 May

  Dirham-denominated banking deposits hit AED965.3 billion

  ABU DHABI / WAM In a bullish sign reflecting the growing confidence in the UAE economy and improvement in the investment climate, UAE Dirham-denominated deposits with the banking sector in the country amounted to AED965.3 billion, claiming 70 percent of the value of total multicurrency banking deposits by end of April, 2017. According to UAE Central Bank data, deposits in ...

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