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Bloomberg India is emerging as the testing and acquisition playground for global consumer technology companies, especially the so-called FAANGs, according to a veteran internet analyst. RBC Capital Markets’ Mark Mahaney, who calls himself Wall Street’s “oldest internet analyst” after covering the sector for more than two decades, said India is now more popular than markets like China because it has ...

Abu Dhabi / WAM The UAE Ministry of Education, the Abu Dhabi National Oil Company (Adnoc), and Bloomberg L.P. signed on Wednesday a Memorandum of Understanding (MoU), to implement a training and development programme — called the Adnoc-Bloomberg Education Initiative. The initiative is designed to equip a new generation of students with the specialised financial skills needed to excel in a ...

MONTREAL / WAM The United Arab Emirates has been elected for the fifth consecutive time to the International Civil Aviation Organisation (ICAO), Council. The UAE will serve its fifth term aboard the international organisation after successfully winning its re-election campaign on Tuesday, garnering 152 votes at the meetings of the ICAO’s 40th Session, running in Montreal, Canada from September 24 through ...

DUBAI / WAM The 10th edition of the Annual Investment Meeting, AIM, is set to take place from March 24-26, 2020, at the Dubai World Trade Centre. The event will offer delegates from around 150 countries a platform to keep abreast of the latest trends and best practices in investments around the world. Themed ‘Investing for the Future: Shaping Global ...

GENEVA / WAM The UAE Ministry of Economy and the Korean Intellectual Property Office (KIPO), signed a Memorandum of Understanding (MoU) to utilise artificial intelligence (AI) technologies in intellectual property titles such as patents, trademarks, industrial designs, and copyright. The MoU was signed in Geneva on the sidelines of the 59th Series of Meetings of the Assemblies of the Member ...

Bloomberg North Korea fired what appeared to be a ballistic missile designed for submarines, testing President Donald Trump’s tolerance for weapons tests just hours after agreeing to restart stalled nuclear talks with the US. The South Korean military said the missile was fired near North Korea’s eastern Wonsan area just after 7 am on Wednesday and flew 910 kilometers (570 ...

Bloomberg Secretary of State Michael Pompeo kicked off a visit to Europe with talks that focussed on Italian concerns at the prospect of new US tariffs, just as the top American diplomat was drawn deeper into an impeachment inquiry into President Donald Trump. Pompeo met with Italian Prime Minister Giuseppe Conte at his official residence in Rome, on the first ...

Bloomberg BMW AG’s namesake brand was neck-and-neck with its German rival in the US last month, edging Daimler AG’s Mercedes-Benz by a mere 34 cars and keeping the race for sales bragging rights close into the final stretch. BMW posted a 6 percent gain in September, delivering to 27,467 cars and sport utility vehicles. The 3 Series sedan was up ...

Bloomberg A UK lawsuit filed against Google by millions of iPhone users over data-collection claims was given the go-ahead by London appeals judges who overturned an earlier ruling that had thrown out the case. The group, known as Google You Owe Us, were seeking as much as $3.9 billion, according to documents filed with the court last year. The organisation, ...

Bloomberg Ford Motor Co agreed to move most of its assets in India into a joint venture with a local partner after struggling for more than two decades to win over buyers in the world’s fourth-largest auto market. The deal effectively ends Ford’s independent operations in a country it wanted to become one of its top three markets by 2020. ...