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Lausanne / Emirates Business The second edition of the IMD World Digital Competitiveness Ranking 2018 saw a slight improvement in the global ranking of the UAE, allowing it to reach 17th place, and lead its Arab neighbours in the report. The IMD World Digital Competitiveness Ranking 2018 studies 63 economies. This year the majority (29) of countries in the study ...

SHARJAH / WAM The Sharjah Department of Statistics and Community Development (DSCD), announced the launch of a new economic survey project, which aims to offer a real-time analysis of sector-by-sector growth and transformation in the emirate, highlighting the changing economic milieu and the key factors responsible for Sharjah’s continued growth. The survey will focus on the role and percentage contribution ...

Abu Dhabi / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), affirmed the UAE’s commitment to support refugees, highlight their humanitarian situation and help them overcome their conditions. In his statement for the annual International Day of Refugees on June 20, he said that the UAE, ...

Abu Dhabi / WAM A delegation led by the Abu Dhabi Convention Bureau (ADCB), will attend The Meetings Show – the premier event for the inbound and outbound meetings and the event industry in the UK in London on June 27-28, to raise awareness of the emirate as a world-class event, incentive and exhibition hub. The Abu Dhabi delegation will ...

Bloomberg ZTE Corp. dived 27 percent after American lawmakers passed a bill to restore severe penalties on China’s second-largest telecoms gear-maker, potentially up-ending a deal struck with President Donald Trump to allow it to get back in business. The company has lost $7.2 billion of market capitalisation in the past week, as its Hong Kong shares slid to their lowest ...

Bloomberg Vietnam boasts one of the world’s fastest-growing economies, optimistic citizens and a stable government. But below the surface of positive data points lies discontent that spilled over during recent protests across the country. Hundreds of anti-riot police blanketed central Ho Chi Minh City on June 17, the nation’s thriving commercial centre, to prevent demonstrations after thousands of Vietnamese took ...

Bloomberg China doesn’t import enough from the US to match Donald Trump’s tariffs dollar for dollar, but President Xi Jinping can still squeeze American companies in other ways in retaliation. American businesses from Apple Inc and Walmart Inc to General Motors Co. all operate in China and are keen to expand. That hands Xi room to impose penalties such as ...

Bloomberg Fujifilm Holdings Corp. accused Xerox Corp. of caving to the whims of Carl Icahn and Darwin Deason in backing out of a $6.1 billion takeover deal. Fujifilm sued Xerox in Manhattan federal court over the failed takeover, seeking more than $1 billion in damages. Xerox walked away from the deal on May 13. “This change of heart is undoubtedly ...

Bloomberg A disgruntled Tesla Inc. employee broke into the company’s manufacturing operating system and sent highly sensitive data to unknown third parties, according to an email Elon Musk sent to staff. The worker, who had been denied a promotion, did “quite extensive and damaging sabotage” to Tesla’s operations, Musk wrote in the memo, which was reported in full by CNBC. ...

Bloomberg The European Union’s 27 remaining leaders may warn the UK that it faces crashing out of the bloc without a deal and call for contingency preparations, as an update due from the Brexit negotiators is set to highlight the limited progress made since March. With Brexit negotiations slowly meandering towards the end of the latest three-month period as lawmakers ...