August, 2016

• 2 August

  Vonovia SE lifts forecast again

  

    Bloomberg Vonovia SE — Germany’s biggest residential landlord — raised its full-year earnings forecast for a second time, citing efficiency created by a string of acquisitions. Funds from operations excluding sales, a measure of a real estate company’s ability to generate cash, will be as much as 760 million euros ($848 million) this year, compared with a previous forecast ...

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• 2 August

  US construction spending drops 0.6 percent in June

  

    AFP US construction spending fell for a third straight month in June with spending on nonresidential construction dropping by the largest amount in six months. Construction spending fell 0.6 percent in June following declines of 0.1 percent in May and 2.9 percent in April, the Commerce Department reported Monday. Nonresidential construction declined 1.3 percent, the biggest setback since December, ...

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• 2 August

  Nintendo benefits from Pokemon Go halo

  

    Bloomberg Nintendo Co. appears to be benefiting from Pokemon Go after all, just not in the way investors had originally thought. The Kyoto-based company said last month it didn’t expect the app’s runaway success to have much direct effect on profits, but Pokemon Go seems to be casting a halo that is helping Nintendo’s other businesses. Shipments of Pokemon ...

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• 2 August

  Instagram’s new tool to fight harassment

  

    AFP Instagram said that is adding a new weapon for fighting harassment at the popular mobile app for sharing pictures and videos. The Facebook-owned social network began letting some celebrities and others with accounts that attract torrents of feedback filter those comments by keywords or even turn off the option to comment on particular posts. “Our goal is to ...

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• 2 August

  New iPhone app can control Apple TV

    Bloomberg Apple Inc. released a new application for the iPhone that lets users control their Apple TV set-top box, mimicking the functions of the Siri remote control. The app works with the latest Apple TV, which first went on sale in October. The iPhone app allows users to navigate the Apple TV using the smartphone’s touchscreen instead of a ...

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• 2 August

  Apple stock drop fails to deter Magellan from ‘tech spree’

  

    Bloomberg The decline in Apple Inc.’s share price over the past year has failed to deter one of Australia’s top performing equities managers from boosting its exposure to the iPhone maker and other technology firms as they embark on an “arms race” that’s set to upend global business. Magellan Financial Group Ltd.’s flagship fund is also betting on software ...

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• 2 August

  Reviving frescoes

  

    AFP Deep in the heart of a medieval monastery in Nepal’s remote Upper Mustang region, the battle to restore sacred murals and preserve traditional Tibetan Buddhist culture is in full swing. Tsewang Jigme is among the artists toiling to safeguard the unique cultural heritage of this former Buddhist kingdom high on the Tibetan plateau, which escaped the ravages of ...

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• 2 August

  Open office is here to stay

  

    Bloomberg The open office plan that everybody loves to hate is here to stay. The ideal seating plan still involves sitting almost on top of your co-workers, according to new research from Harvard Business School in collaboration with Cornerstone OnDemand. What changes, however, is who exactly sits next to whom. For two years, researchers followed the seating arrangements and ...

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• 1 August

  Mohammed visits Masdar City, reviews projects, future plans

  

    DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum visited on Monday the headquarters of Abu Dhabi’s renewable energy company (Masdar), in the capital Abu Dhabi, where he toured Masdar City and reviewed major clean energy projects and initiatives. HH toured Masdar city, which hosts ...

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• 1 August

  Dubai Customs to implement Government Excellence System

  

    DUBAI / WAM Dubai Customs (DC) launched an integrated action plan to implement the fourth generation of Government Excellence System, launched by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, in 2015, to upgrade the government work system based on innovation and standards of excellence. DC has begun conducting awareness ...

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