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Abu Dhabi / WAM Etisalat and China Mobile International (CMI), have come together to establish a point of presence at Etisalat’s ‘SmartHub Data Centre’ in the UAE. As part of the Etisalat SmartHub, CMI will support its Global infrastructure, interconnections, capacity and expand its reach into the Middle East and Africa (MEA) region. The data centre co-location partnership agreement will enable ...

Bloomberg Christophe Weber, the chief executive officer of Takeda Pharmaceutical Co., has faced a string of challenges in his $62 billion pursuit of UK drugmaker Shire Plc. The Japanese company’s shares have tumbled, dissident shareholders complained and Shire repeatedly rebuffed his bids before agreeing to a deal. Now the Frenchman has scored a big victory with Takeda saying the deal ...

Bloomberg Malaysian financier Low Taek Jho has maintained his innocence over new charges of money laundering as the government steps up legal action against those who had allegedly embezzled from state investment fund 1MDB. “Low will not submit to any jurisdiction where guilt has been predetermined by politics and there is no independent legal process,” according to a statement issued ...

Bloomberg Volkswagen AG, trying to win over German car-bashing President Donald Trump at the White House, dangled ideas to expand US auto production and said it may tap Ford Motor Co to help build its cars in America. Chief Executive Officer Herbert Diess said VW has considered adding a second plant in the US, even though the company isn’t fully ...

Bloomberg The Trump administration will propose scrapping an Obama-era mandate that new coal-fired power plants use carbon-capture technology, removing a major barrier to constructing the facilities, according to a person familiar with the plans. The Environmental Protection Agency (EPA) is slated to unveil the measure on Thursday, during an event at its headquarters in Washington, said the person, who was ...

Bloomberg Qualcomm Inc unveiled new chips that it said will run many of the first phones capable of connecting to new 5G services next year. The Snapdragon 855 includes a processor and modem to connect to wireless networks. It’s the latest version of Qualcomm’s flagship product that’s been the heart of most smartphones sold in the past decade. “In the ...

Bloomberg Ukraine’s leader renewed appeals to his nation’s allies in Europe and the US to punish Russia for a naval clash that’s reignited tensions between the two ex-Soviet neighbours. With initial talk of tighter sanctions now fading and Russia so far paying little cost for firing on Ukrainian ships in the Kerch Strait last month, President Petro Poroshenko reiterated calls ...

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, received on Tuesday, the UAE Passport Power team from the Ministry of Foreign Affairs and International Cooperation (MOFAIC), in the presence of HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI), held discussions with a delegation from Lombardy in Italy on opportunities to enhance economic and trade relations between the investment companies and institutions that operate in Sharjah and their counterparts in Italy, and reviewed ways to support partnerships between the two sides in various economic sectors and fields. The ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), hosted its inaugural ‘Ethics and Compliance Executives’ Forum’ at the company’s headquarters. Chief Compliance Officers and General Counsels from leading UAE-based companies joined the Adnoc Group’s Ethics and Compliance team to discuss topics related to this year’s theme, ‘Managing the New Risk Landscape’, with a view to helping companies ...