August, 2016

• 28 August

  Sinopec profit slips as oil crash drags down refining gains

  

    Bloomberg China Petroleum & Chemical Corp., the world’s biggest oil refiner, posted a 22 percent decline in profit for the first half of the year as oil’s collapse overpowered the boost from cheaper crude used to make fuels and chemicals. Net income dropped to 19.9 billion yuan ($3 billion), the Beijing-based company known as Sinopec said in a statement ...

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• 28 August

  Asia exports show little recovery amid global slump

  

    Bloomberg Signs of life returning to Asian trade have stirred up some optimism of a recovery, but a closer look at the data coming out of the region indicates the malaise is far from over. While export figures from Malaysia and Thailand showed surprising strength in June, trade continues to contract across most of Asia in the face of ...

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• 28 August

  China turns to free markets to tame fossil-fuel pollution

  

    Bloomberg There are at least three good reasons why China is likely to succeed in starting the world’s biggest carbon-trading market when its efforts to limit pollution kick in next year. The government wants to put a cost on emissions of toxic smog to control pollution in industrial cities, starting with Beijing. The market may trade as much as ...

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• 28 August

  Auto, aerospace sectors warm up to 3D printing

  

    Eden Prairie / AFP New 3D printing technology unveiled this week sharply increases the size of objects that can be produced, offering new possibilities to remake manufacturing in the auto, aerospace and other major industries. One application demonstrated by 3D printing machinery maker Stratasys would allow airlines to pick made-to-order airplane interiors that could be tweaked with the click ...

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• 28 August

  Line hunts for acquisitions with $1.3bn IPO war chest

  

    Bloomberg Line Corp. plans to use part of the $1.3 billion it garnered from last month’s initial public offering to bankroll acquisitions of content and technology, transforming its messaging service into a one-stop shop for Asian social media users. Japan’s most popular messaging service is gunning for companies in areas ranging from artificial intelligence chatbots and advertising to video ...

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• 28 August

  FB takes first step towards making money from WhatsApp deal

    Bloomberg Facebook Inc. is laying the groundwork for its free messaging service WhatsApp to begin making money, easing its privacy rules so data can be used for Facebook advertising and allowing businesses to message its more than one billion users. It’s the first step toward monetizing the platform since the social network’s Chief Executive Officer Mark Zuckerberg paid $22 ...

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• 28 August

  Apple to plan iPhone for Japan with tap-to-pay for subways

  

    Bloomberg Apple Inc. is planning a new iPhone feature for Japan that will enable users to pay for mass-transit rides with their smartphones instead of physical payment cards. A future iPhone will include technology called FeliCa, a mobile tap-to-pay standard in Japan developed by Sony Corp., according to people familiar with the matter. The FeliCa chip will let customers ...

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• 28 August

  Huawei Honor 8 Set for debut in Middle East

  

    Emirates Business Honor, the world’s number one smartphone e-brand from Huawei, is officially marking the Middle East and European launch of its highly desirable flagship smartphone, honor 8, at a spectacular event in Paris. The much anticipated device is a significant game-changer from honor as it offers even more value to the end user, as it’s not only packed ...

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• 28 August

  Keeping the lance high and dry

  

    DPA The winner gets all the glory — the loser gets a plunge into chilly water. In the summertime, crowds gather by lakes and rivers in southern Germany to watch the traditional sport of Fischerstechen, or fishermen’s jousting. Men of all ages, as well as some ladies in folk dresses, perch precariously at the end of long, narrow planks ...

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• 27 August

  Ducab hosts training program

  DUBAI / EMIRATES BUSINESS Ducab, the UAE-based leading manufacturer of high-quality cables and cabling products, hosted its 2nd annual Professional Training Program where Emirati university students received on the job training at the company’s facilities. The summer training initiative is the outcome of the company’s commitment to Emiratisation and local talent development in the country. Ducab hosted over 40 male ...

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