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Bloomberg Texas Instruments Inc shares plunged the most in almost 11 years after the chipmaker gave a weaker-than-expected forecast and warned that trade tension is making customers far more cautious. The report spurred a selloff in semiconductor stocks. Investors have poured money into chip stocks this year, betting on a rebound in demand. That hasn’t happened as a US-China trade ...

Abu Dhabi / Emirates Business The Abu Dhabi Digital Authority (ADDA), the lead Abu Dhabi government entity spearheading the emirate’s digital transformation agenda, has announced the launch of its new service, the ‘TAMM Care for key investors,’ which is part of the integrated services platform, ‘TAMM.’ The new service has been specially created to reach out to the key investors ...

DUBAI / WAM Etihad Energy Service Company (Etihad Esco), announced the signing of an agreement with Ducab, one of the UAE’s largest manufacturing businesses, on the sidelines of the 21st Water, Energy, Technology and Environment Exhibition (Wetex), with an aim to support the UAE’s solar energy sector’s growth. The new contract will see Ducab supply its SolarBICC cables – specially designed ...

ABU DHABI / Emirates Business Saif Mohamed AL Hajeri, Chairman of Department of Economic Development and a member of the Executive Council, officially opened the seventh edition of the International Franchise Exhibition (IFE), organised by Abu Dhabi Chamber of Commerce and Industry in strategic partnership with Emirates Association for Franchise Development, at Abu Dhabi National Exhibition Centre (Adnec) on Tuesday. ...

ABU DHABI / WAM The value of humanitarian programmes, relief operations, development projects and orphans sponsored by the Emirates Red Crescent (ERC), outside the UAE from the beginning of this year until last September, amounted to AED338.3 million ($92.11 million), benefiting more than 8,500,634 people in many countries across the world. The aid was offered for humanitarian programmes, rescue operations, ...

Bloomberg The US has raised concerns about the ongoing detention of residents and political leaders in India’s Muslim-majority state of Jammu and Kashmir amid months-long restrictions on communication and movement across the region. President Donald Trump’s administration has “closely monitored” the situation in Kashmir after India changed the state’s legal status to create two new union territories — Jammu and ...

Bloomberg India is considering placing curbs on some imports from Turkey and Malaysia, in response to their leaders’ comments on the autonomy of Kashmir, people familiar with the matter said. Prime Minister Narendra Modi’s government is exploring the possibility of both tariff and non-tariff measures to limit import of goods from the two countries, the people said, asking not to ...

Bloomberg Hong Kong Financial Secretary Paul Chan unveiled a range of relief measures worth about HK$2 billion ($255 million) targeting tourism and the transportation industry in a renewed effort to help businesses grappling with the economic fallout of ongoing political turmoil. Widening the scope of a 50% rent reduction announced in an earlier package to include some car parks, restaurants ...

Bloomberg UK Prime Minister Boris Johnson’s Brexit deal could permanently bind Northern Ireland to European Union law, according to an Irish judge at the bloc’s second-highest court, who suggested the accord may eventually bring the people of the island of Ireland together. Johnson’s agreement — still awaiting a sign-off from the UK parliament — would have “very long-term consequences for ...

Bloomberg Biogen Inc will ask US drug regulators to approve the company’s experimental Alzheimer’s therapy, reviving the nearly abandoned treatment after a new analysis of data from two failed clinical trials showed promising results. The company said it made the decision after talking with the Food and Drug Administration (FDA), and reviewing data from a set of experimental trials showing ...