Masonry Layout

Bloomberg Vodafone Group Plc plans to raise about 4 billion euros ($4.5 billion) selling bonds convertible into shares to fund the acquisition of some of Liberty Global Plc’s European businesses without weighing down the phone giant’s balance sheet. The two sets of sterling-denominated securities, announced on Tuesday, will help pay for the $22 billion purchase of Liberty Global’s German and ...

Bloomberg Qualcomm is putting the value of its patent portfolio on the line in a California courtroom in its hometown to try to make Apple Inc. pay for using technology the chipmaker credits for the iPhone’s commercial success. It’s the first time a US jury will have a say in the two-year, sprawling global battle between the tech giants. Qualcomm ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday visited educational institutions in Fujairah and Kalbaa in Sharjah. During the visit, His Highness Sheikh Mohammed announced the allocation of AED1.5 billion to build the first group of a ‘new generation’ of Emirati schools. He ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, officially inaugurated the new Al Safa Art and Design Library, a branch of the Dubai Public Library, which is a part of Dubai Culture and Arts Authority (Dubai Culture), the emirate’s dedicated entity for culture, arts, heritage, ...

Abu Dhabi / WAM Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the instructions of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Presidential Palace complex in the capital Abu Dhabi will house ‘Qasr Al Watan’ — a new ...

DUBAI / WAM The UAE Cabinet adopted a resolution on the Civil Procedure Code, which outlines important amendments in line with the UAE Vision 2021 and UAE Centennial Strategy 2071. The amendments are aimed at strengthening and modernising the judicial procedures to ensure their ease of application. The decision comes after concerted efforts between the federal and local authorities within ...

Bloomberg South Korean President Moon Jae-in praised North Korea’s offer to dismantle a key nuclear production complex as an “irreversible” step to undercut its weapons program, breaking with the Trump administration. In a meeting to discuss the summit last week in Hanoi between Donald Trump and Kim Jong-un, Moon on Monday lauded North Korea’s offer to dismantle the Yongbyon nuclear ...

Bloomberg Indonesia and Australia signed a free-trade agreement, overcoming more than eight years of negotiations and 11th-hour delays in a move designed to bolster their under-developed economic relationship. Indonesia’s Trade Minister Enggartiasto Lukita and Australia’s Trade Minister Simon Birmingham inked the deal in Jakarta on Monday. It will need to be ratified by parliaments in both nations before it comes ...

Bloomberg Singapore will allocate a further S$300 million ($222 million) to spur research in digital innovation as the government transforms the economy through technology. The amount, almost double the current budget, is part of the next phase of the National Research Foundation’s five-year plan ending 2020, Minister for Communications and Information S. Iswaran said during a parliamentary session on Monday. ...

Bloomberg Amazon.com Inc., which scrapped a deal this month to open offices in New York after clashing with local politicians, is pulling out of a lease in Seattle that was at the center of a battle with the city council. Last year, as the Seattle City Council was weighing a tax on large employers to fund affordable housing and homeless ...