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FEMA probing $300 million no-bid contract for Puerto Rico

­­­­­­­­­­­Bloomberg The Federal Emergency Management Agency is investigating a controversial $300 million contract to rebuild Puerto Rico’s power grid, a no-bid award that has spotlighted the agency’s poor record of policing similar grants and drawn scrutiny from its watchdog. Whitefish Energy Holdings LLC, a Montana-based company that had just two full-time employees prior to beginning its work in Puerto Rico, ...

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‘SpaceX, Google are best companies to work for’

Bloomberg Space Exploration Technologies Corp., Alphabet Inc.’s Google, Shopify Inc. and Tesla Inc. are the most appealing companies for technology workers, according to a survey by online jobs marketplace Hired. While big tech names topped the list, geographical breakdowns showed more diversity. Startups like SendGrid Inc., which does marketing email, had the highest ranking in Denver, while financial services like ...

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Uber hires legal chief from Pepsi amid mounting pressure

Bloomberg Uber Technologies Inc. appointed Tony West as chief legal officer, the first major hire for the new chief executive officer since taking over last month. West, the outgoing general counsel at PepsiCo Inc. and a former senior official at the US Justice Department, will join the ride-hailing company next month as it faces at least five federal criminal probes ...

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EU to start Brexit ‘plan B’ in case of December flop

Bloomberg The European Union agreed to start internal preparations for the possibility of Brexit negotiations failing to reach a breakthrough at a crunch December summit, as the former British envoy to the EU said the UK’s trade goals were unrealistic. At a meeting in Brussels, the EU’s 27 governments without Britain approved work to start on their response to the ...

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VP honours graduates of ‘Masar Godolphin’

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Wednesday honoured the first batch of Masar Godolphin programme at Madinat Jumeirah in Dubai. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council was also present on ...

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ADX holds annual forum for listed firms

Abu Dhabi / Emirates Business As part of its efforts to strengthen communication channels and build strategic partnerships with listed companies, the Abu Dhabi Securities Exchange (ADX), the region’s leading financial market recently held its annual forum for its listed companies at the Rosewood hotel in Al Maryah Island, Abu Dhabi. Later in the year, ADX will organise another forum ...

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Textile market in UAE valued at $17.5 billion annually

DUBAI / Emirates Business The Middle East continues to be a strong source of interest for international textiles suppliers, with increasing market demand stemming from the region for the latest in home and contract textiles. This was underlined at a media round table organised by Messe Frankfurt Middle East, to familiarise regional media and industry representatives about the advantages of ...

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‘Empowering women empowers whole of society’

KUWAIT / WAM Sheikha Lubna bint Khalid Al Qasimi, President of Zayed University, has said that empowering women empowers the whole of society, adding that the 21st century has seen tremendous achievements with regards to women’s empowerment and gender equality. Al Qasimi’s remarks came during the 10th edition of the International Conference on Women Leaders in Scie- nce, Technology and ...

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Production problems may affect Apple’s 10th-anniversary phone

Bloomberg As of early fall, it was clearer than ever that production problems meant Apple Inc. wouldn’t have enough iPhone Xs in time for the holidays. The challenge was how to make the sophisticated phone—with advanced features such as facial recognition—in large enough numbers. As Wall Street analysts and fan blogs watched for signs that the company would stumble, Apple ...

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Twitter promises more transparency to political ads

Bloomberg Twitter Inc. is bringing greater transparency to advertising on its social network, addressing a significant concern of Congressional investigators probing foreign meddling during the 2016 US presidential elections. Twitter is creating a new “transparency centre” that will dedicate a section to political ads that will show how much each campaign spent on advertising, the identity of the organisation funding ...

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