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Bloomberg Singapore’s goal of becoming a high-tech financial hub is running into real-world problems of labour supply and demand. Technology startups in many countries are fighting to attract skilled workers like software engineers. Yet in the tiny city-state of Singapore, with a population of 5.6 million, the dearth of talent is particularly acute. The nation’s universities and polytechnic schools churn ...

Bloomberg Bayer AG won US antitrust approval for its $66 billion takeover of Monsanto Co, clearing the last major regulatory hurdle to forming the world’s biggest seed and agricultural-chemicals provider after a nearly two-year global review. The companies reached a settlement with the Justice Department that resolves the gover- nment’s concerns that the merger as initially structured would harm consumers ...

Bloomberg European Union Trade Commissioner Cecilia Malmstrom gave her clearest signal yet that the EU will come up short in its bid for a permanent, unconditional waiver from US metal tariffs that President Donald Trump imposed on national-security grounds. Speaking just days before a temporary waiver for the EU from the duties expires, Malmstrom said the bloc would likely face ...

Bloomberg KKR & Co. agreed to acquire BMC Software Inc. in a deal that valued the information technology management provider at about $8.3 billion including debt, according to a person familiar with the matter. KKR will buy BMC from an investor group led by Bain Capital and Golden Gate Capital together with GIC Pte Ltd., Insight Venture Partners and Elliott ...

Bloomberg Tensions are rising between the US and China ahead of Asia’s biggest security conference this week, even as the two powers push for peace on the Korean Peninsula. Defense Secretary James Mattis said while en route to the annual IISS Shangri-La Dialogue in Singapore that he was planning to raise US concerns about China’s recent moves to “militarise” the ...

OTTAWA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Chrystia Freeland, Canadian Minister of Foreign Affairs, in Ottawa, Canada. During the meeting, the two sides discussed bilateral relations between the UAE and Canada and ways of enhancing and developing them in all domains. They also exchanged views on the latest ...

ABU DHABI / WAM The number of hotel guests staying in the emirate’s 162 hotels and hotel apartments increased by 7.3% in the first four months of 2018, compared to the same period last year, figures released by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), reveal. The total number of hotel guests, which reached 1,724,967, ...

Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) witnessed the signing of Memorandums of Understanding (MoU) with three start-ups to work with them in the 4th Dubai Future Accelerators Programme. The Programme is organised by the Dubai Future Foundation, with the theme ‘One Team Co-Creating the Future.’ It aims to strengthen ...

Dubai / Emirates Business The destination wedding industry in the Middle East continues to register steady growth and is presently worth around $4.5 billion, with the UAE emerging as the top destination for weddings in the region. These are among the findings of a survey conducted by Dubai-based event organizer QnA International at the 5th annual Destination Wedding Planners (DWP) ...

Bloomberg For the past few days, the question has been popping up on trading desks across Hong Kong: What’s up with Alibaba’s health unit? Largely ignored by analysts and stuck in a tight trading range for more than a year, the stock on May 17 suddenly turned into one of the world’s best performers for no apparent reason. It surged ...