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Shamma Al Mazrui among 7 young women ‘changing the world’

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Abu Dhabi / WAM The CNBC news channel has listed Shamma bint Suhail Faris Al Mazrui, Minister of State for Youth Affairs, among the top seven ‘female activists under 23 who are changing the world’. The list comes in conjunction with this year’s International Women’s day, centred around the theme #PressforProgress, which urges women of all generations to use their ...

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US-China trade war hurts tech firms from Apple to Lenovo

Iphone x launches in hong kong

Bloomberg A shudder reverberated through the global technology sector as the Trump administration considers tariffs on Chinese imports including consumer electronics. Under the most severe scenario being weighed, the US could impose tariffs on a wide range of Chinese imports from shoes and clothing to tech gadgets, said two people familiar with the matter, who asked not to be identified ...

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Jaguar owner wants to hire women in India but fewer are working

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Bloomberg Jaguar Land Rover owner Tata Motors Ltd. had just about 200 women on the shop floor three years ago. Now, it has 10 times that number and is looking to hire more. In socially conservative India, that may be a tall order. Better educated women from wealthier families aren’t encouraged to work and it’s usually when a man’s salary ...

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GKN seals $6.1 billion Dana autos deal to fend off Melrose

Gkn to announce redundancies

Bloomberg UK engineer GKN Plc agreed to sell its automotive unit to US-based Dana Inc. in a $6.1 billion transaction aimed at repelling a hostile takeover from investment group Melrose Industries Plc. GKN shareholders would get stock in the new group valued at $3.5 billion, plus $1.6 billion of cash, and Dana would assume $1 billion of pension debt, the ...

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Uber seeks $1.25 billion loan amid loss

Ecj rules uber can be regulated as taxi service

Bloomberg Inside New York’s St. Regis Hotel, debt investors were given what’s becoming a familiar pitch: a high-flying tech company with a charismatic leader but no real cash flow was asking them to lend it money. This time it was Uber Technologies Inc., the ride-hailing company that’s reshaped the taxi business around the globe. The company is seeking a $1.25 ...

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Amazon, Oracle, Microsoft jockey for Pentagon’s cloud business

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Bloomberg In late February, Oracle Corp. co-CEO Safra Catz met with a top Pentagon official to discuss the government’s defense strategy days before the department was set to outline how it plans to spend billions of dollars on cloud-computing services. Catz’s meeting with Deputy Secretary of Defense Patrick Shanahan, which was confirmed by a department spokesman, came as technology companies ...

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‘Trump must adopt patience with N Korea’

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Bloomberg President Donald Trump will need to adopt an unfamiliar set of traits — patience, persistence, clear goals and conditions — and be prepared to walk away when he meets North Korean leader Kim Jong Un, people who have negotiated with Kim’s regime say. Trump’s apparently impromptu decision to begin setting up talks contrasts with Kim’s situation — North Korea ...

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Preserving our heritage, culture are part of our national responsibility

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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai on Wednesday inspected the progress of the Shindagha Heritage District project, which is part of a major renovation development aimed at rejuvenating some of the oldest parts of Dubai. His Highness was accompanied by HH Sheikh Maktoum ...

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UAE, Mali sign agreements to boost bilateral investments

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BAMAKO / WAM President Ibrahim Boubacar Keita of Mali received His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, in the Malian capital, Bamako. His Highness Sheikh Abdullah bin Zayed, who is currently on an official visit to the country, was also received by Malian Prime Minister Soumeylou Boubeye Maiga and Minister of Foreign ...

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Musanada to construct two kindergartens valued at AED85mn

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Abu Dhabi / WAM The Abu Dhabi General Services Company (Musanada), in collaboration with the Department of Education and Knowledge (ADEK), has started the relevant processes for design and construction of two kindergartens valued at an approximate AED85 million and a total built-up area of 5,119 square metres each in Al Falah as part of ‘Phase 8’ of the Abu ...

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