September, 2016

• 24 September

  Abu Dhabi Media celebrates Majid TV’s first anniversary

  

    Abu Dhabi / Emirates Business Abu Dhabi Media is celebrating the first anniversary of the launch of Majid TV and the important contributions it has made to reviving the cultural and historical heritage of Majid Magazine. Majid, which also has a strong online presence, including a website and a number of social media channels, seeks to engage children in ...

  Read More »
• 24 September

  Corbyn re-elected as UK Labour leader, urges unity

  

    Bloomberg Jeremy Corbyn was re-elected as the leader of Britain’s Labour Party with an increased share of the vote and then urged the movement to heal its bitter divisions and unite against Conservative Prime Minister Theresa May. Corbyn took 62 percent of the votes of more than 500,000 party members and supporters, according to the result announced on Saturday ...

  Read More »
• 24 September

  Petrobras plans to sell Braskem stake before end-2018

  

    Bloomberg Petroleo Brasileiro SA plans to sell its stake in petrochemicals producer Braskem SA before the end of 2018 to help fund its business plan and reduce debt, Chief Financial Officer Ivan Monteiro said. Petrobras, as the Rio de Janeiro-based state-run producer is known, has included the Braskem stake in a plan to raise $19.5 billion through divestitures in ...

  Read More »
• 24 September

  First Solar, SunPower rise as 8Point3 Yieldco offers shares

    Bloomberg First Solar Inc. and SunPower Corp., the two biggest U.S. solar manufacturers, rose after their jointly controlled yieldco raised about $102.6 million to acquire completed power plants from its parents. First Solar rose 4.6 percent to $37.06 at the close in New York, the most since June 28. SunPower rose 3.3 percent to $8.52. 8Point3 Energy Partners LP, ...

  Read More »
• 24 September

  Poland’s outsider finance minister at risk in Cabinet change

  

    Bloomberg Finance Minister Pawel Szalamacha’s hold on his post didn’t appear that strong to begin with. So when his boss announced a cabinet reshuffle on Friday, investors focused on whether the lawyer tasked with safeguarding Poland’s budget is heading for an exit. Adding to the anxiety, state news agency PAP reported late on Friday that Szalamacha may be ousted ...

  Read More »
• 24 September

  Oracle reduces co-chief’s pay to $41.5 million

  

    Bloomberg Oracle Corp., which has faced shareholder opposition to its compensation practices, cut pay for its top executives in 2016. Co-founder and chairman Larry Ellison received $41.5 million, a 35 percent decrease from last year. Co-Chief Executive Officers Safra Catz and Mark Hurd each received about $41 million, a 23 percent decline. The drop for the co-CEOs is accentuated ...

  Read More »
• 24 September

  Syrian troops advance near Aleppo

  

    BEIRUT / AFP Syrian government forces captured a rebel-held area on the edge of Aleppo on Saturday, tightening their siege on opposition-held neighborhoods in the northern city as an ongoing wave of airstrikes destroyed more buildings. The new government push came as the U.N. said that nearly 2 million people in Aleppo, Syria’s largest city and onetime commercial center, ...

  Read More »
• 24 September

  Triple suicide attack kills 11 troops in Iraq

  

    BAGHDAD / AP A triple suicide bombing against a security check point north of Baghdad on Saturday killed at least 11 members of the security forces, a police officer said. The spokesman for the Salahuddin province police force, Col. Mohammed al-Jabouri, said three militants rammed their explosives-laden vehicles early Saturday morning into the main check point near the town ...

  Read More »
• 24 September

  Push for Mosul to start in a few weeks: UK

  

    Pretoria / AFP An offensive to encircle Iraq’s second city of Mosul should begin “in the next few weeks”, Britain’s Defence Secretary Michael Fallon said Friday, after a visit to the country. Mosul has been held by Islamic State jihadists since June 2014 and British jets are part of a US-led coalition flying missions against them in Iraq and ...

  Read More »
• 24 September

  UN, AU, EU appeal for calm in DR Congo

    United Nations / AFP The United Nations, African Union, European Union and a fourth international organization made a joint appeal on Saturday to the government and opposition in the Democratic Republic of Congo to exercise restraint amid violent political unrest. The three main international bodies were joined by the 57 International Organization of La Francophonie, which held a high-profile ...

  Read More »