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Dewa to develop innovative, futuristic solutions using AI

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, ...

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Musanada committed to install advanced fire detectors

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 ...

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BMW faces criminal probe in S Korea over engine fires

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 ...

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Rescuers search through rubble as Indonesia tsunami toll nears 400

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, ...

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Insolvency trustees gain amid higher Canada rates

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 ...

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Uber loses UK lawsuit over drivers’ employment rights in gig economy

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 ...

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Telefonica chief takes no chances as Elliott stalks Europe

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 ...

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Pakistan’s former PM Sharif sentenced to 7 years in prison

Bloomberg A Pakistani court convicted former Prime Minister Nawaz Sharif of corruption and handed him a seven-year prison term, sparking protests by his supporters. Arshad Malik, a judge of the accountability court, delivered the verdict in Islamabad on Monday after finding that Sharif had accumulated wealth through unknown means. Sharif, who was acquitted on the second charge and released from ...

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UAE, Bahrain to boost ties

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Sunday His Majesty King Hamad bin Isa Al-Khalifa of Bahrain. His Highness Sheikh ...

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President confers Order of Independence on Japan Ambassador

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, conferred the Order of Independence, First Class, on the Ambassador of Japan to the UAE, Kanji Fujiki, in recognition of his efforts during his tenure, towards the development and strengthening of friendly relations and cooperation between the two countries across all fields. HH Sheikh Abdullah bin Zayed ...

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