March, 2017

• 2 March

  Euro-area inflation hits 2% as ECB debates policy

  

    Bloomberg Euro-area inflation accelerated to the fastest pace since January 2013, providing fresh arguments to those calling for an exit from the European Central Bank’s monetary stimulus program. Consumer prices rose 2 percent in February from a year earlier, the European Union’s statistics agency in Luxembourg said on Thursday. That matched the median estimate of 47 analysts surveyed by ...

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• 2 March

  Morgan Stanley plans sale of ‘Walkie Talkie’ tower stake

  

    Bloomberg Morgan Stanley’s real estate investing unit plans to sell its stake of almost 12 percent in the London skyscraper known as the Walkie Talkie, according to three people familiar with the plan. China Investment Corp., which owns a portion of the 20 Fenchurch Street building, is considering bidding for the stake, which is valued at about 120 million ...

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• 2 March

  Connecting through ‘wormhole’

  

    Bloomberg Forget email, Slack and the humble telephone. When workers at one Australian company want to talk to colleagues in China, they just turn their heads and look down the “wormhole”. Large screens at the end of each row of desks offer a digital window between offices in Melbourne and Xi’an—7,000 kilometers apart—at real-estate company REA Group Ltd. The ...

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• 2 March

  Line outlines new AI strategy

  

    Bloomberg Line Corp. outlined an ambitious artificial-intelligence strategy that promises to transform Japan’s most popular messaging service while pitting it against Google, Facebook Inc. and Amazon.com Inc. The company is launching a suite of AI software tools to power an online digital assistant capable of conversing in Japanese and Korean, Line said at the Mobile World Congress in Barcelona. ...

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• 2 March

  Twitter adds more safety tools

  

    NEW YORK / AP Twitter is adding more tools to curb abuse on its service as part of its ongoing effort to protect users from hate and harassment. Among other things, the service will attempt to identify offenders on its own, even if no one has reported them first. It is the second time in three weeks the company ...

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• 2 March

  Niantic to unveil major updates to Pokemon Go, new Ingress

  

    Bloomberg Niantic Inc., a San Francisco startup, will unveil three new updates to Pokemon Go this year, plus a new version of its original game Ingress, seeking to build on the success of its augmented reality offerings. The developer is also busy working on new augmented reality games, Niantic Chief Executive Officer John Hanke said at a session at ...

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• 1 March

  Mubadala, Siemens to lead study on building CCPP

    DUBAI / WAM The Federal Electricity and Water Authority (FEWA) has signed an agreement with Mubadala Investment Company, and Siemens, to study the technical and financial viability of building a 2,400 MWA combined cycle power plant (CCPP). Suhail bin Mohammed Al Mazrouei, Minister of Energy and Chairman of FEWA, attended the signing ceremony between Mohammed Mohammed Saleh, Director-General of ...

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• 1 March

  Abu Dhabi’s non-oil foreign trade hits AED170.6 billion

    Abu Dhabi / WAM The value of non-oil foreign merchandise trade through Abu Dhabi ports increased by 0.1 percent from AED 169.0 billion in the year to date (Jan-Dec) 2015 to AED 170.6 billion in the same period of 2016, according to figures released by Statistic Centre – Abu Dhabi (SCAD). ‘‘This was mainly a result of a 31.7 ...

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• 1 March

  Emirates NBD brand valuation reaches US$3.406 billion

    DUBAI / Emirates Business Emirates NBD, a leading bank in the region announced its position as the UAE’s most valuable banking brand with a USD 3.406 billon brand valuation in The Banker’s annual brand valuation league table. The Bank also secured a spot among the top 100 global banking brands, coming in seventy-fifth worldwide up from ninety-sixth in 2016. ...

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• 1 March

  Abdullah, Nahyan honour Al Burda Award winners

  

    Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development, honoured the winners of the International Burda Award at its 14th session. The award was organised by the Ministry of Culture and Knowledge Development in the fields of ...

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