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Bloomberg Beleaguered technology investors are looking to Netflix Inc. to stop the bleeding. The company’s earnings are poised to be even more closely watched than usual after last week’s market rout. Netflix is one of the first major US companies to report third-quarter results — and 2018’s best-performing FAANG stock — making it especially influential in the wake of a ...

Bloomberg Activist investor Carl Icahn has come out against Dell Technologies Inc.’s plan to return to public markets, arguing that the proposed transaction undervalues shares that track its stake in VMware Inc. The billionaire said he would solicit votes against the deal and potentially propose an alternative transaction allowing investors to cash out if they want. Icahn also disclosed in ...

DUBAI / WAM A team from Mohammed bin Rashid Space Centre (MBRSC), have conducted the final technical tests on KhalifaSat, which arrived at Tanegashima Space Centre in Japan. KhalifaSat was prepared for mating with the launch vehicle, Rocket H-IIA, and has been successfully installed into it and is awaiting launch on October 29. The satellite is stored within a specially ...

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, on Monday launched the 38th Gitex Technology Week at the Dubai World Trade Centre (DWTC). Sheikh Hamdan bin Mohammed toured the five-day exhibition, which involves 4,000 government authorities and private sector companies that specialise in information technology, artificial intelligence (AI), blockchain, robotics, ...

Bloomberg President Donald Trump said migrant families may think twice about illegally crossing the US border from Mexico if they fear they’ll be separated by the US government, suggesting he’s rethinking a policy abandoned in July after widespread public condemnation. “We have people trying to come in like never before,” Trump told reporters as he departed the White House for ...

Geneva / WAM During its participation in the Inter-Parliamentary Union in Geneva, the Federal National Council’s (FNC), Parliamentary Division has presented the country’s experience in promoting gender equality in the scientific and technological sectors, and ensuring women’s empowerment in all fields. The 139th Assembly of the IPU is taking place in Geneva, Switzerland, until October 18. While attending the Human Rights ...

Abu Dhabi / WAM Saif Saeed Ghobash, Under-Secretary of the Department of Culture and Tourism in Abu Dhabi, expects the tourism sector in Abu Dhabi to witness the economic effects of the city’s stature as a major international tourism destination by the end of the year with a record numbers of tourists this year. In an interview with Etihad, Ghobash ...

Bloomberg With China’s economy slowing, banks under pressure to help invigorate growth are rushing to make room on their balance sheets for new lending. That’s unleashed a boom in a corner of the nation’s credit markets. Structured debt sales in China’s interbank bond market jumped in the last quarter to a record 300 billion yuan ($44 billion). Residential mortgage backed ...

Bloomberg Just more than a year ago, I ate at Nahm, in Bangkok—and walked out after paying barely $60 for a tasting menu that currently ranks 49th on the World’s 50 Best Restaurants list. My grand, five-star hotel, the Anantara Siam, with its gilded murals and landscaped courtyards, cost $150 a night, including a breakfast buffet that was truly fit ...

Bloomberg Canada is applying quotas and a 25 percent tariff on steel imports from China and other countries to avoid becoming a dumping ground for steel in the face of metal levies imposed by US President Donald Trump. Canada will erect new barriers to any flood of shipments of seven types of foreign steel, and will issue refunds and exemptions ...