March, 2017

• 28 March

  Ericsson sees up to $1.7bn in costs as revamp begins

  

    Bloomberg Ericsson AB will book as much as 15 billion kronor ($1.7 billion) in extra costs in the first quarter as new Chief Executive Officer Borje Ekholm cuts back the wireless network maker after four straight quarters of declining revenue. Ekholm, who took over in January, is cutting costs and narrowing the company’s focus as he contends with contract ...

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• 28 March

  Uber wants ‘Waymo robocar fight’ out of public view

  

    Bloomberg Uber Technologies Inc. says Alphabet Inc.’s own ground rules require accusations that the ride-hailing giant stole trade secrets for driverless cars be resolved in private arbitration and not a public court. It’s a bold gambit by the world’s most valuable startup to shift the lines of battle for a showdown that may decide who controls key technology in ...

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• 27 March

  Clean energy to help UAE save $192 billion

  

    Bloomberg The United Arab Emirates forecasts that savings generated by switching half its power needs to clean energy by mid century will outstrip the investment costs. The Gulf state plans to invest $150 billion in renewable power by 2050, weening the country from dependency on subsidized natural gas power in stages, Minister of Energy Suhail Al-Mazrouei said at a ...

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• 27 March

  NBAD becomes Gulf’s first issuer of green bonds

    Bloomberg National Bank of Abu Dhabi PJSC is selling $587 million in a class of debt used to fund environmental projects, the first issue of green bonds from a region where governments are looking to curb dependence on oil as an energy source. The state-owned lender is offering the five-year securities at 98 basis points over the mid-swap rate, ...

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• 27 March

  Suspected al-Qaida bomber kills 5 soldiers in Yemen’s south

    SANAA / AP Yemeni security officials say a suicide bomber likely from al-Qaida has attacked a government building in the southern Lahj province, killing five soldiers and wounding ten, including civilians. They say the Monday attack in the provincial capital, al-Houta, could have been worse, but that guards managed to shoot the attacker before he drove his explosives-laden vehicle ...

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• 27 March

  Thousands evacuated as cyclone barrels towards Australian coast

    Bloomberg The worst cyclone in six years is set to smash into the coast of Queensland on Tuesday morning, forcing thousands of Australians to evacuate or seek emergency shelter and prompting some of the world’s biggest miners to halt coal operations. Cyclone Debbie is forecast to intensify before it makes landfall north of the city of Mackay with winds ...

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• 27 March

  Swiss, Turks open probes over ‘Kill Erdogan’ protest banner

    GENEVA / AP Swiss and Turkish prosecutors announced separate investigations on Monday after protesters hoisted a banner in Switzerland’s capital showing a gun pointed at an image of Turkish President Recep Tayyip Erdogan next to the words, “Kill Erdogan.” Bern regional prosecutors opened a probe for alleged “public provocation of crimes or violence,” Bern police spokesman Dominik Jaeggi said. ...

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• 27 March

  Trump economy needs wings, prayers to soar

  

    Donald Trump boasts that he has been an economic genius, creating jobs, cutting $12 billion off the national debt and overseeing a soaring stock market in just his first two months. These claims are largely phony. He may need braggadocio, though, because on the economy he has been dealt a bad hand politically. This problem is likely to be ...

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• 27 March

  Postal savings can’t coast on its tax triumph forever

  

    How to command a premium for mediocrity? If that question is posed to Postal Savings Bank of China Co., which counts almost half the people in the world’s most-populous nation as its customers, the answer may well be ‘superior tax planning.’ The Hong Kong-listed Chinese lender enjoys an 8 percent to 26 percent valuation premium over the four largest ...

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• 27 March

  Trump’s top generals ask Cong to join war on terror

  

    Secretary of Defense James Mattis and Joint Chiefs of Staff Chairman Joseph Dunford found something constructive to tell senators on an appropriations subcommittee this week, even if it had nothing to do with the Pentagon budget. The two men challenged lawmakers to finally provide a legal basis for the U.S. war against terrorist groups. It’s something that President Barack ...

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