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US urges allies to avoid using Huawei equipment, says WSJ

Bloomberg The US government is contacting key allies to get them to persuade telecommunications companies in their countries to avoid using equipment from China’s Huawei Technologies Co., the Wall Street Journal reported. Officials from the US have reached out to counterparts and executives in countries including Germany, Italy and Japan about perceived cybersecurity risks, the Journal said, citing unidentified people ...

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Apple defends iPhone app fees as court weighs consumer suit

Bloomberg Simplicity is supposed to be a selling point for Apple Inc’s iPhone. It may be a problem at the US Supreme Court. The court will hear arguments on Monday on accusations that Apple is using its market dominance to jack up prices for iPhone apps. A ruling against Apple, letting a lawsuit go forward, could add to pressure the ...

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BT faces backlash over restructuring

Bloomberg BT Group Plc’s restructuring is starting to bite, with workers accusing the British telecom company of betrayal as it cuts thousands of jobs and sweeps away layers of management. Chief Executive Officer Gavin Patterson began to overhaul the world’s oldest phone company in June, under pressure to revive profits and a moribund share price. The changes involve 13,000 layoffs ...

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Venezuela GDP sinks 17% in 2017

Bloomberg Preliminary figures compiled by Venezuela’s central bank indicate that the crisis-wracked nation’s economy contracted 16.6 percent in 2017, according to two people with direct knowledge of the estimates. For the first time since 2016, the bank is preparing a raft of macroeconomic indicators for International Monetary Fund (IMF) to avoid sanctions including a possible expulsion from lender. Bank technicians ...

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Mohamed, French president discuss stronger relations

Paris / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has emphasised that the UAE and France are partners in the fight against extremism and terrorism, support values of tolerance, promote dialogue, interaction and coexistence among peoples, civilisations and cultures, reject intolerance and hatred, and ...

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UAE tops Mena region in fighting illicit trade: Ministry

Abu Dhabi / WAM The UAE is a safe haven not just for individuals but for businesses as well, thanks to its robust regulations and strict implementation of laws for protecting copyrights and fighting all kinds of illicit trade, said Sultan bin Saeed Al Mansouri, Minister of Economy. Addressing the 5th International Trade Development Week here, the minister said that ...

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Etihad wins Fatima Bint Mubarak Award

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has received the prestigious Fatima Bint Mubarak Award for Motherhood & Childhood in the category of ‘Best Initiative in the Support of Mother and Child’s Healthy Lifestyle’ for its Flying Nanny programme, which was announced at the Emirates Palace. The award ceremony marked International Children’s day on ...

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Expo 2020 Dubai introduces new platform to drive business growth

Dubai / WAM Companies from around the world can unlock business opportunities, forge international partnerships and drive growth by registering on Expo 2020 Dubai’s new global Online Marketplace (OMP). The free-to-use platform forms part of Expo 2020’s commitment to create a long-lasting economic impact by supporting companies of all sizes, especially small and medium-sized enterprises (SMEs), in line with its ...

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Merkel warns UK it can’t dictate Brexit terms to EU

Bloomberg German Chancellor Angela Merkel warned the UK it can’t set unilateral terms for leaving the European Union as Prime Minister Theresa May heads to Brussels to try to complete a contentious Brexit deal. Addressing lower-house lawmakers in Berlin, Merkel gave short shrift to Brexit while rattling off domestic achievements, pleading for stronger bonds between EU nations and criticising go-it-alone ...

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