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DUBAI / WAM The transformation to a green economy needs fundamental cooperation of both the private and public-sector leaderships, and this responsibility will be highlighted at the annual World Green Economy Summit (WGES) 2018. WGES, which will be held October 24-25, will encourage political and corporate leaders to exchange views on how to best use their authority to engage society ...

Bloomberg South Sudan’s warring parties signed a peace deal granting rebels key positions in a transitional government, the latest bid to end an almost five-year conflict that’s claimed tens of thousands of lives. The accord will restore rebel leader Riek Machar as President Salva Kiir’s deputy, while appointing four other vice presidents and adding new posts for ministers and lawmakers. ...

Bloomberg Indra Nooyi is stepping down as chief executive officer of food and beverage giant PepsiCo Inc., handing the reins to a top lieutenant in a transition that will draw attention to the dearth of prominent female CEOs in corporate America. Nooyi, 62, will leave the role in October and remain chairman until early 2019. Ramon Laguarta, 54, who has ...

Bloomberg Google’s plans for China are even more ambitious than previously understood. The internet giant is in talks with Tencent Holdings Ltd., Inspur Group and other Chinese companies to offer its cloud services in the world’s second-largest economy, according to people familiar with the discussions. The discussions began in early 2018 and Google narrowed partnership candidates to three firms in ...

Bloomberg Silicon Valley’s going old school. As tech companies like Facebook Inc. and Google vacuum up billions of dollars in online advertising, they’re pouring their own marketing dollars into billboards and other forms of outdoor signage. That’s driving growth in one of the oldest forms of marketing and is one reason why the category is the only traditional channel expected ...

Bloomberg After a weekend of claims by US President Donald Trump that he has the upper hand in the trade war with China, Beijing responded through state media by saying the nation is ready to endure the economic fallout. China is prepared for a “protracted war” and doesn’t fear sacrificing short-term economic interests, according to an editorial in the nationalist ...

Bloomberg Japan is considering implementing daylight savings time in 2019 and 2020 to cope with the intense summer heat, after soaring temperatures this year cast doubt over the ability of the country to safely host the 2020 Olympics, the Sankei newspaper reported. The government and ruling parties are seeking to pass a bill this autumn, according to the report, which ...

ABU DHABI / WAM This year, the Year of Zayed, the August 6 marks the 52nd anniversary of the late Sheikh Zayed bin Sultan Al Nahyan’s accession as Ruler of Abu Dhabi. Since this momentous occasion, the UAE’s development journey began to take shape, with the Union forming shortly after on December 2, 1971, under the leadership of the Founding ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry has announced the opening of a representative office in India, which will be tasked with identifying new business opportunities for Chamber members, attracting Indian companies to Dubai and expanding bilateral trade and investment. The new office, located in Mumbai, is the second representative office to be opened by the ...

ABU DHABI / WAM Yahsat, a leading global satellite operator based in the UAE and wholly owned by Mubadala Investment Company, on Sunday completed the acquisition of a majority and controlling stake in the mobile satellite services operator Thuraya. The acquisition of the UAE’s first home grown satellite operator, Thuraya, is set to significantly expand Yahsat’s current satellite solutions portfolio ...