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Bloomberg As the partial US government shutdown enters a third day, lawmakers have left Washington for the Christmas holiday with no sign of urgency to resolve the fight over President Donald Trump’s demand for border wall money. Unlike shutdowns of the past, Congress and the White House aren’t racing to reopen the government. Offices of congressional leaders who are responsible ...

Dubai / Emirates Business Enhancing bilateral trade and investment opportunities between the UAE and Azerbaijan was the topic under discussion at the Annual Networking Reception hosted at Dubai Chamber’s representative office in Baku. More than 200 representatives from the UAE and Azerbaijan public and private sectors attended the event, which was held in Baku. The annual gathering marks a significant ...

ABU DHABI / WAM The Registration Authority of Abu Dhabi Global Market (ADGM), and the Ministry of Economy have agreed to foster cooperation and coordination with respect to the registration and supervision of auditors with the aim of promoting high standards of financial audits in the UAE. To this effect, an MoU was signed by Dhaher bin Dhaher Al Mheiri, ...

Dubai / WAM The Dubai Electricity and Water Authority (Dewa), has signed a memorandum of understanding (MoU), with Whizkey Future labs, a start-up company, to develop innovative and futuristic solutions to disrupt the current electricity and water utility business models. This will be done using Fourth Industrial Revolution technologies such as Artificial Intelligence (AI), blockchain, robotics, and other technologies to improve performance, ...

Abu Dhabi / WAM The Abu Dhabi General Services Company, Musanada, has affirmed that it remains fully committed to the installation of advanced safety sensing systems across buildings and housing projects constructed by the company in Abu Dhabi, Al Ain and Al Dhafrah, including the fire detection devices (gas, smoke, heat and flame detectors) equipped with state-of-the-art smart technologies. The ...

Bloomberg BMW AG is facing a criminal probe in South Korea after investigators concluded the manufacturer concealed fire hazards and delayed recalls for a problem that has dented sales and its reputation in the Asian country. South Korea’s transport ministry plans to ask prosecutors to investigate the German carmaker, the ministry said in a statement on Monday. Korea also fined ...

Bloomberg Rescuers hunted for survivors and victims under the rubble of hundreds of hotels and houses flattened by a deadly tsunami along Indonesia’s Sunda Strait with authorities warning the death toll may climb from the 373 already confirmed. Most of the victims were local holidaymakers staying in the hotels and bungalows along the popular beaches in Lampung and Banten provinces, ...

Bloomberg People who make a living guiding others through bankruptcy in Canada say they’ve never been busier. Record debt burdens, rising borrowing costs and, in some cases, bigger payday loans are driving many Canadians to seek relief, according to several licensed insolvency trustees who spoke to Bloomberg. They say November was their busiest on record, and December — typically a ...

Bloomberg Uber Technologies Inc lost a UK lawsuit over the employment rights of its drivers, in a landmark judgment that threatens to force companies in the country’s burgeoning gig economy to offer benefits such as paid vacations. London’s Court of Appeal dismissed a challenge by the ride-hailing firm over a lower court ruling that found its drivers are “workers,” meaning ...

Bloomberg The mere mention of Elliott Management Corp is enough to rattle any telecom executive after the New York activist fund took on Telecom Italia SpA — Europe’s most indebted phone company — and removed its CEO. So when Elliott this month denied a media report it was targeting southern Europe’s other debt-laden carrier, Telefonica SA, it seemed the Spanish ...