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Bloomberg Samsung Electronics Co has appointed Taemoon Roh the head of its smartphone division, tasking a veteran executive with oversight of the world’s largest mobile devices business. Roh, who was formerly the unit’s No. 2 executive, was expected to take over the top job from Koh Dong-Jin from from Monday. Koh remains head of the Korean conglomerate’s IT and mobile ...

Bloomberg If the past three years of Brexit have been difficult and intense, the next 11 months threaten to be even more so. The UK and European Union (EU) are already at odds before they even start thrashing out the terms of their future relationship. British prime minister Boris Johnson views Brexit as an opportunity to break free from what ...

Bloomberg Two AstraZeneca Plc cancer drugs received orphan status for treatment of liver cancer, a designation that may eventually speed progress to approval. The US Food and Drug Administration (FDA) granted the special status reserved for rare conditions to Imfinzi, a lung cancer treatment, and tremelimumab, which has been tested in a combination in a variety of cancers, AstraZeneca said ...

Bloomberg Ford Motor Co, LG Corp and Pernod Ricard SA joined the ranks of the top global companies that are best prepared for the effects of climate change. They won the “A” grade last year for how aggressive they are setting and meeting carbon goals, as well as how forthcoming they are about their efforts, according to an analysis by ...

DUBAI / WAM Etihad Credit Insurance (ECI), announced on Sunday that it will extend its support to exporters within domestic trade, as part of its development strategy and over goals to support and strengthen local traders. The new move comes as part of the UAE Federal export credit company subscribing to Al Etihad Credit Bureau (AECB). The Bureau is a ...

ABU DHABI / WAM The 4th International Rain Enhancement Forum (IREF), organised by the UAE Research Programme for Rain Enhancement Science (UAEREP), under the supervision of National Center of Meteorology (NCM), opened on Sunday at Jumeirah Etihad Towers in Abu Dhabi. Running untill January 21, IREF serves as a global platform to bring together leading international and national experts, researchers, ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, on Sunday signed an agreement detailing the UAE’s capital contribution of US$20 million (AED73 million) to the Arab Gulf Programme for Development, (AGFUND). As one of the founding countries of AGFUND, the UAE has supported the programme’s objectives, goals and activities since ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa), in cooperation with the British Standards Institute (BSI), will soon launch the PAS 60518:2020 standard for risk management in the energy and utilities sector, a first of its kind in the world. Dewa approved the number 60518 for the new standard in reference to the birthdate – May, 6 1918 – ...

Bloomberg One surprising part of the trade deal struck between US president Donald Trump and Beijing is that US investors won a direct shot at the potentially lucrative job of helping China clean up its heap of bad debt. China is embracing foreign capital as it grapples with a tide of soured debt. Some estimate it to have topped $1 ...

Bloomberg Shin Kyuk-ho, a wartime migrant to Japan who returned home to build a little-known chewing-gum maker into Lotte Group, South Korea’s biggest retailer, has died. He was 97. Shin had been hospitalised in Seoul to get medical treatment for various age-related symptoms and passed away on Sunday at 4:29 pm, Lotte Group said. Shin was among the last of ...