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Bloomberg Tech giants such as Facebook Inc and Alphabet Inc’s Google will face tougher penalties if they flout privacy laws, under a plan Australia’s prime minister said is necessary to safeguard personal information. Australia’s government will introduce measures to increase fines for breaches, strengthen disclosure policies and embolden its privacy regulator to crack down on data misuse, according to a ...

Bloomberg A political party created by Thailand’s ruling military government was leading in the first election since a 2014 coup, putting junta chief Prayuth Chan-Ocha in position to return as prime minister. Palang Pracharath won 7.5 million votes with 92 percent counted, according to unofficial results posted on the Election Commission’s Facebook page. Pheu Thai, a political party linked to ...

Bloomberg So far, trade wars don’t seem to be as “good, and easy to win” as US President Donald Trump promised a year ago when he imposed tariffs on steel and aluminum imports. The scorecard shows a split decision. US steelmakers Nucor Corp. and United States Steel Corp. saw significant profit gains in 2018. But manufacturers that buy the metal ...

Bloomberg US tech giants might have a respite after two decades of European Union antitrust investigations. But not for long. While Google just got a third, and possibly final, EU fine, regulators still have their eyes on Amazon.com Inc., Apple Inc. and Facebook Inc. EU antitrust chief, Margrethe Vestager, told reporters earlier this month that an early-stage probe into Amazon’s ...

Bloomberg The US posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in corporate tax revenue and a boost in spending so far this fiscal year. The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Sebastian Kurz, Chancellor of Austria, have reviewed the prospects for further consolidating bilateral relations across all fronts. This came as the Abu Dhabi Crown Prince received the Austrian leader in the UAE capital ...

PARIS / WAM Sheikha Bodour bint Sultan Al Qasimi, Vice President of International Publishers Association (IPA) and Head of Advisory Committee of Sharjah World Book Capital (SWBC), said the prestigious Unesco title is a global acknowledgement of Sharjah’s longstanding cultural achievements. It is also a reward for pursuing an approach of knowledge-based human development in Sharjah through the use of ...

Abu Dhabi / WAM From its inception in 1971 until December 2018, the Abu Dhabi Fund for Development (ADFD), financed 108 water sector projects in 56 countries with a total value of AED8 billion. The Fund’s interest in water and electricity projects reflects its keenness to support international efforts aimed at achieving the UN’s Sustainable Development Goals, directly contributing to ...

Abu Dhabi / WAM The Sheikha Fatima Global Humanitarian Campaign has announced the launch of the ‘Zayed Al Khair Camp’ which will see thousands of Rohingya refugee women and children receive medical care, under the supervision of a UAE-Bangladesh volunteer medical team. This latest endeavour was launched in conjunction with Mother’s Day, and falls within the framework behind ‘We Are ...

Dubai / Emirates Business A world-class speaker line up has been confirmed for the signature Abundance 360 (A360) Summit in Dubai, taking place at Emirates Towers on March 26-27. Conceptualised by renowned futurist Peter Diamandis, A360 is hosted by Dubai Future Foundation, and held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Crown Prince ...