February, 2017

• 2 February

  MetLife pins hopes on Trump as CEO reshapes insurer

  

    Bloomberg For MetLife Inc. Chief Executive Officer Steve Kandarian, the Donald Trump era looks like just what he’s been waiting for. After complaining for years about capital standards, proposed sales restrictions and low bond yields that pressure investment income on the company’s fixed-income portfolio, the CEO sees promise. “The prospect of higher interest rates and a more favorable regulatory ...

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• 2 February

  Tesla falls short of IIHS top safety pick rating

    Bloomberg Tesla Motors Inc.’s Model S, once touted by the company as achieving a record-high safety score, fell short of a top designation an insurance group has awarded to 42 other new models on the market. The Model S sedan earned an acceptable rating in one of the Insurance Institute for Highway Safety’s five crash tests, a level shy ...

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• 2 February

  Apple to design new chip for its future Mac laptops

  

    Bloomberg Apple Inc. is designing a new chip for future Mac laptops that would take on more of the functionality currently handled by Intel Corp. processors, according to people familiar with the matter. The chip, which went into development last year, is similar to one already used in the latest MacBook Pro to power the keyboard’s Touch Bar feature, ...

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• 2 February

  Facebook ‘fishes for users in ‘live’ stream

  

    NEW YORK / AP From billboards to TV ads to endless notifications, Facebook is furiously promoting its live video feature as it tries to get more users to shoot and watch such videos. But will it be a big business for the social network? The prospects for advertisers are uncertain, and even when users do “go live” — broadcasting ...

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• 2 February

  Self-driving car prototypes need less human help

    Bloomberg Self-driving car prototypes appear to be getting better at negotiating California streets and highways without a human backup driver intervening, according to data made public by California transportation regulators. The data reflect safety-related incidents reported by 11 companies that have been testing more than 100 vehicles on public roads, primarily in the Silicon Valley neighborhoods where the technology ...

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• 2 February

  Slack messaging sets sights on big businesses

    SAN FRANCISCO / AP Slack Technologies, a fast-growing startup trying to wean businesses off email by hooking employees on its more informal messaging service, is now hoping to snare the world’s biggest companies as customers. The company unveiled a new feature intended to let workers in different departments communicate more easily with each other. The new option, called “Enterprise ...

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• 1 February

  DIFC Courts handles cases valued at AED5.85 billion

    Dubai / WAM DIFC Courts, Dubai’s establis- hed English-language commercial courts, handled cases totalling AED5.85 billion (US$1.59 billion), up 5 percent year-on-year, in 2016. The main Court of First Instance (CFI) handled approximately the same number of cases as in 2015 but saw the average value of each increase by 17 percent to AED104.58 million. The total value of ...

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• 1 February

  RAK foreign trade grows by 38 percent in five years

    RAS AL KHAIMAH / WAM Foreign trade in Ras al-Khaimah grew by 38 percent between 2011 and 2015, according to a study published by the local Chamber of Commerce and Industry, called “An analytical study about foreign trade in the emirate of Ras al-Khaimah”. Dr Ahmed Rashed Al Shamili, Assistant Director-General for Commercial Services and Business Development, said the ...

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• 1 February

  Abu Dhabi panel reviews study on Emiratisation in private sector

    ABU DHABI / WAM The Economic Committee of Abu Dhabi Executive Council’s General Secretariat organised a workshop for reviewing the results and recommendations of the study on the legislation of Emiratisation in the private sector. The year-long study, held under the Abu Dhabi Department of Economic Development, was conducted by a team whose members came from different organisations. It ...

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• 1 February

  Mohamed reconstitutes Abu Dhabi Ports’ board

    Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in his capacity as Chairman of the Executive Council of Abu Dhabi, has issued a resolution reconstituting the board of directors of Abu Dhabi Ports Company under the chairmanship of Dr Sultan Ahmed ...

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