May, 2016

• 24 May

  British University in Dubai hosts Green Forum

    DUBAI / WAM The British University in Dubai hosted the Green Forum to celebrate the success of a university-industry-government collaboration in a study trip to Scandinavia and discuss the feasibility of applying innovative green concepts in the UAE. The trip was organized by BUiD and supported by Al Maktoum Foundation (ENOC) Alkhaleej Sugar, Al Habtoor, and Alrostomani. The Green ...

  Read More »
• 24 May

  Sony’s 46% profit forecast drops on quake damage

  

    Tokyo / Bloomberg Sony Corp. forecast annual profit that fell short of estimates, hurt by costs to repair a factory that was damaged in the Kyushu earthquake, lost sales and slowing demand for smartphone components. Net income will probably decline 46 percent to 80 billion yen ($732 million) in the 12 months ending March 2017, the Tokyo-based company said ...

  Read More »
• 24 May

  Southeast Asia’s web economy to hit $200 billion

  

    Tokyo / Bloomberg Southeast Asia’s Internet economy, spanning online shopping to games and advertising, will surge sixfold to about $200 billion in the next decade, according to joint research by Google Inc. and Temasek Holdings Pte. As more consumers get online and shop from smartphones, e-commerce in the region could jump to $88 billion by 2025, a 16-fold increase, ...

  Read More »
• 24 May

  Toyota to recall 1.6mn vehicles over ‘faulty’ Takata air bags

  

    Tokyo / AP Toyota said it will recall nearly 1.6 million more vehicles in the United States to correct possible defects in front passenger air bag inflators made by the Japanese company Takata. The decision, which was announced late on Monday, was made based on recent information from both Takata and the US National Highway Traffic Safety Administration (NHTSA), ...

  Read More »
• 24 May

  Russia and Laos ink new military helicopter deal

    Moscow / The Diplomat Russia has inked a new deal with Laos for the repair of military equipment. According to media reports, Russian Helicopters, which is part of the state firm Rostec, signed the contract with the Laotian defense ministry. Under the four-year deal, experts from the firm will carry out helicopter repairs. Among the equipment to be serviced ...

  Read More »
• 24 May

  India swinging from sugar exporter to importer on El Nino

  

    New Delhi / Bloomberg Barely a year after ordering sugar mills to compulsorily export from a mountain of stockpiles, India is struggling to cope with spiraling prices and a potential shortage. After the strongest El Nino in two decades shriveled crops, India’s production is set to decline for a second year to the smallest in seven years. That’s alarmed ...

  Read More »
• 24 May

  IS attacks, Shiite militias erode Iraqis’ faith in govt

  

    BAGHDAD / AP Even as Iraq slowly claws back territory from the IS group, faith in the government is crumbling among many, particularly the country’s Shiites, angered by political disarray and the continual pounding of the capital, Baghdad, by militants’ bombings. Prime Minister Haider Al Abadi triumphantly announced the beginning of operations to retake the IS-held city Fallujah, promising over ...

  Read More »
• 24 May

  Clashes with IS group outside Fallujah subside

    BAGHDAD / AFP Iraqi officials say clashes between government forces and the IS group outside the city of Fallujah have briefly subsided. The Iraqi troops are engaged in the second day of a large-scale military operation to drive the militants out from their stronghold west of Baghdad. In nearby Garma, Mayor Ahmed Al Halbosi says engineering teams are clearing ...

  Read More »
• 24 May

  Libyans intercept 550 Europe-bound boat people

    Tripoli / AFP Libyan coastguards said they detained 550 people trying to reach Europe illegally by boat on Tuesday, the second time in three days they have intercepted migrants in the same area. “Coastguards in the west who were patrolling off the Zawiya refinery on Tuesday intercepted four large inflatables carrying around 550 illegal migrants,” navy spokesman Colonel Ayoub ...

  Read More »
• 24 May

  Campus bomb kills 2 in rebel-held Yemen capital

    Sanaa / AFP A bomb hit a university campus in the rebel-held Yemeni capital Sanaa killing two people at an event commemorating the country’s 1990 unification, a security official said. Several people were also seriously wounded, the official said, adding that death toll was likely to rise. The event was organised by the Houthi Shiite rebels who have controlled ...

  Read More »