April, 2017

• 3 April

  Kuwait to import fuel oil in 2018

    Reuters Kuwait is set to import fuel oil to use mainly in power generation for about a year following the start-up of the Clean Fuel project by 2018, the chief executive of state refiner Kuwait National Petroleum Co (KNPC) said. Fuel oil to meet the requirements of the Ministry of Electricity and Water is currently being produced from the ...

  Read More »
• 3 April

  Iceland’s currency speculation opens rift in ruling coalition

  

    Bloomberg As they search for a permanent exchange-rate framework, Iceland’s policy makers are finding they may disagree on some pretty fundamental issues. Power politics in the 340,000-people nation are being laid bare, as the nation’s prime minister, who heads the establishment Independence Party, and its finance minister, a former publishing executive who leads the newly created Reform Party, are ...

  Read More »
• 3 April

  Bombardier postpones part of executive pay to 2020 after uproar

    Bloomberg Bombardier Inc. will defer paying more than half of last year’s planned compensation for its six most highly paid executives until 2020 as the planemaker, whose recovery was kick-started by taxpayer funds, bows to widespread indignation in its home province of Quebec. The deferred amounts will only be payable if Bombardier achieves its performance objectives, Chief Executive Officer ...

  Read More »
• 3 April

  UK manufacturing slows as inflationary pressures continue

  

    Bloomberg UK manufacturing unexpectedly cooled for a third month in March and may weaken further, according to IHS Markit, which repeated its warning about inflationary pressures. Its factory Purchasing Managers Index declined to 54.2 from 54.5 in February, above the key 50 level that divides expansion from contraction, but below economists’ expectations for an uptick to 55. A measure ...

  Read More »
• 3 April

  British finance chiefs’ optimism highest since 2015, Deloitte Says

  Bloomberg Optimism among UK chief financial officers climbed to an 18-month high in the weeks before Prime Minister Theresa May formalized Britain’s intention to leave the European Union. Almost one-third of CFOs said they are more optimistic about prospects for their company than they were three months ago, according to Deloitte’s first-quarter survey. That’s up from 3 percent immediately following ...

  Read More »
• 3 April

  Imagination Tech shares plunge after Apple rejects chip deal

  

    Bloomberg Imagination Technologies Group Plc shares plunged as much as 69 percent after the UK chip designer said Apple Inc. will stop using its intellectual property in new products, setting the stage for a clash with its biggest customer. The iPhone maker has informed Imagination Technologies that it will cease using its graphics technology for new products, including phones, ...

  Read More »
• 3 April

  A ‘sci-fi’ cancer therapy fights brain tumors

  

    WASHINGTON / AP It sounds like science fiction, but a cap-like device that makes electric fields to fight cancer improved survival for the first time in more than a decade for people with deadly brain tumors, final results of a large study suggest. Many doctors are skeptical of the therapy, called tumor treating fields, and it’s not a cure. ...

  Read More »
• 3 April

  BlackBerry expands licensing strategy

  

    Emirates Business BlackBerry Limited on Monday shared new details on its broad licensing strategy which addresses the growing need for secure, connected devices and endpoints in today’s Enterprise of Things. The first phase of BlackBerry’s strategy, announced in September 2016, was focused on providing the most secure and comprehensive Android software for smartphones around the world manufactured and marketed ...

  Read More »
• 3 April

  Former Google VP unveils startup for clean, cheap N-energy

  

    Bloomberg With the sweep of a single executive order, President Donald Trump unwound the Obama-era framework of regulations designed to combat climate change and announced that he was “putting an end to the war on coal.” But not everyone in high-tech is ready to return to the age of fossil fuels. Mike Cassidy, who was formerly vice president at ...

  Read More »
• 3 April

  Blast on Russian subway kills 10; 2nd bomb defused

  

    ST. PETERSBURG / AP A bomb blast tore through a subway train in Russia’s second-largest city Monday, killing 10 people and injuring about 40 as President Vladimir Putin visited the city, authorities said. Hours later, police found an unexploded device in one of St. Petersburg’s busiest subway stations, sending a wave of anguish and fear through Putin’s hometown. There ...

  Read More »