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Bloomberg The European Union (EU) is seeking to overturn Apple Inc.’s victory in a 13 billion-euro ($15.8 billion) tax dispute, saying judges used “contradictory reasoning” when they found that the company’s Irish units weren’t liable for huge payments. A summary of the appeal published on Monday shows the EU’s determination to challenge the critical July court judgment. The decision was ...

Bloomberg President Joe Biden withdrew all the spending cuts proposed by former President Donald Trump during his final days in office. Biden said in a letter to Congress that he was reversing all 73 spending cuts that Trump had requested, which touched virtually every cabinet-level agency as well as federal programs such as the National Endowments of the Arts and ...

Bloomberg Italian manufacturing is picking up at the fastest pace in nearly three years, a bright spot in an economy that probably shrank close to 10% during the 2020 pandemic. Factories, mostly located in the country’s north, saw a sustained upturn in output in January, with orders expanding at a solid pace thanks to demand from Europe and North America, ...

ABU DHABI / WAM Abu Dhabi’s global tech ecosystem, Hub71, has forged two new partnerships with leading academic institutions – the United Arab Emirates University’s Science and Innovation Park (UAEU SIP) and Insead Middle East Campus – to upskill talent in Abu Dhabi and attract new science and technological capabilities to its growing tech community. Abu Dhabi’s embrace of technology ...

DUBAI / WAM Mastercard on Sunday launched its Global Cyber Forward programme in partnership with Dubai International Financial Centre (DIFC), the leading global financial centre and largest FinTech hub in the Middle East, Africa and South Asia (Measa) region. Governments, financial institutions and businesses around the world have been facing an increase in cyber threats as people and businesses become ...

DUBAI / WAM The Business Registration & Licensing (BRL) sector of Dubai Economy has issued 33,769 electronic Memorandum of Association (MOA) and e-MOA addendums in 2020, an increase of 16.2 percentfrom 29,067 issued in 2019. This is in line with the Federal Decree-Law No. 7 of 2018 amending articles within Federal Law No. 02 of 2015 on Commercial Companies. The ...

Bloomberg Chevron Corp slumped after posting a surprise loss and failing to increase its dividend, signaling that the aftermath of 2020’s pandemic-driven petroleum demand crash will linger for the world’s biggest oil companies for some time to come. The California oil titan lost a penny per share during the fourth quarter, compared with the Bloomberg Consensus for a 7-cent profit ...

Bloomberg Supporters of jailed opposition leader Alexey Navalny are staging the second wave of national protests in a week as a Russian court prepares to hand President Vladimir Putin’s chief critic a possible 3 1/2 year prison term. Navalny, who defied threats of arrest to return in mid-January from Germany after a nerve-agent attack he said was an attempt by ...

Abu Dhabi / WAM The United Arab Emirates has established itself as one of the best medical tourism destinations in the world over the past years, thanks to international confidence in its health sector, which has succeeded in attracting major medical institutions of international prestige. The country ranked first among GCC countries in best medical tourism destination globally according to ...

The UAE keeps issuing decisions that enhance its proactive strategy for the next 50 years based on diversity and tolerance. These decisions seek to attract the brightest minds, cultivate talent and support businesses. This approach was, again, reflected by a law amendment, approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE nd ...