February, 2017

• 7 February

  Pink Caravan Ride to carry out ten cancer awareness drive across UAE

    Sharjah / Emirates Business It is that time of year in the UAE when Sharjah-based Friends of Cancer Patients’ (FoCP’s) annual cancer campaign, the Pink Caravan Ride, is back and will carry out a 10-day cancer awareness drive across the seven emirates from March 7-17. This will be the Ride’s the 7th edition under the theme ‘7 Years for ...

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• 7 February

  First batch of Coastal Seafaring course honoured

  

    Abu Dhabi / Emirates Business Abu Dhabi Ports, the master developer, operator and manager of the emirate’s community and commercial ports as well as Khalifa Industrial Zone, honoured the first enrolled batch of students for completing the initial phase of training in its certified Coastal Seafaring course to become seafarers in the future. The batch included 16 Emiratis, including ...

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• 7 February

  Final condenser for Barakah installed

    Abu Dhabi / Emirates Business The Emirates Nuclear Energy Corporation (ENEC) has completed the installation of the condenser for Unit 4 of the Barakah Nuclear Energy Plant, being built in the Western Region of Abu Dhabi. As one of the largest condensers in the Middle East region, the one installed at Unit 4 marks the final condenser installation at ...

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• 7 February

  Trump’s $1trn plan may buy less metal than expected

  

    Bloomberg Anyone expecting more from the Donald Trump rally in metals should probably consider just how much $1 trillion in government spending will actually buy. That’s the amount the new US president pledged to expand and rebuild American infrastructure like roads and airports over the next decade. While Trump has yet to make a formal proposal to Congress, investors ...

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• 7 February

  Google coordinates funding of legal brief versus Trump order

  

    Bloomberg Google parent Alphabet Inc. is organizing the funding of the legal brief signed by more than 120 companies that oppose President Donald Trump’s executive order on immigration, according to people familiar with the arrangement. While Alphabet is coordinating with Washington, D.C.-based law firm Mayer Brown LLP to handle the amicus brief, other companies have offered to fund a ...

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• 7 February

  Fitbit faces probe into theft of Jawbone trade secrets

  

    Bloomberg Jawbone Inc. isn’t backing down in its legal fight with Fitbit Inc., asserting in a court filing that its rival is under investigation by a criminal grand jury for theft of trade secrets. The two pioneers in wearable activity trackers have been embroiled in legal battles since May 2015, when Jawbone accused Fitbit in a lawsuit of plundering ...

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• 7 February

  Smaller Dec US trade deficit caps worst year in four

  

    Bloomberg The US trade deficit narrowed in December for the first time in three months, a modest improvement that nonetheless left the gap for all of last year at its widest since 2012. The monthly shortfall shrank 3.2 percent to $44.3 billion, Commerce Department figures showed on Tuesday. The median forecast in a Bloomberg survey of economists called for ...

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• 7 February

  US tax on imports to derail Land Rovers

  

    Bloomberg As Washington mulls a tax on imports, an auto industry study suggests the policy would deliver the sharpest blow to Tata Motors Ltd.’s Jaguar Land Rover while giving a leg up to Tesla Inc. and Ford Motor Co. In what it calls a “thought exercise,” researcher Baum & Associates LLC estimates most automakers would need to raise vehicle ...

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• 7 February

  Taiwan to revive aerospace fortunes with jet trainers

  

    TAICHUNG / AP Seeking to revive its long-dormant aerospace industry, Taiwan on Tuesday launched a $2.1 billion investment in the production of air force jet trainers to be designed and manufactured on the island to counter Chinese military and diplomatic pressure. President Tsai Ing-wen presided over a ceremony in the central city of Taichung to inaugurate the project, which ...

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• 7 February

  Singapore Airlines profit drops 36%

  

    Bloomberg Singapore Airlines Ltd., Southeast Asia’s biggest carrier, posted a 36 percent drop in third-quarter profit as passenger numbers declined and the company wrote down the value of a budget unit’s brand. Net income in the three months through December fell to S$177.2 million ($125 million) from S$274.9 million a year ago, with the drop attributed to a S$79 ...

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