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Bloomberg Dell Technologies Inc., facing plummeting demand for personal computers, will eliminate about 6,650 jobs, becoming the latest technology company to announce it will let thousands of employees go. The company is experiencing market conditions that “continue to erode with an uncertain future,” Co-Chief Operating Officer Jeff Clarke wrote in a memo viewed by Bloomberg. The reductions amount to about ...

  Bloomberg Newmont Corp. is offering $17 billion to acquire Australia’s Newcrest Mining Ltd. and create a global precious metal behemoth in the largest takeover deal globally this year. The takeover, if completed, would also be one of the biggest in Australian history, according to data compiled by Bloomberg. Newcrest jumped as much as 14% in Sydney, the most since ...

  Bloomberg A shakeup involving the replacement of Ukraine’s defense chief may be delayed as President Volodymyr Zelenskiy’s government braces for a Russian offensive. A day after a senior lawmaker in Zelenskiy’s party announced that Defense Minister Oleksii Reznikov will be replaced by Ukraine’s head of military intelligence, a parliamentary official said no decisions on staff changes will be made ...

Bloomberg China and Australia’s top trade officials have met for the first time since 2019, in the latest sign of warming diplomatic relations between the two countries. Commerce Minister Wang Wentao and Trade Minister Don Farrell held virtual talks on Monday for more than 90 minutes, according to an Australian government statement that confirms a report by Bloomberg News. Both ...

Sharjah / WAM Sharjah Electricity, Water and Gas Authority (Sewa) implemented many development projects in Khorfakkan city in 2022, as it implemented 36 sub-distribution stations, in addition to the completion of 80 percent of the main distribution station 11/33 kV (Al Haray Station No. 3) with a total capacity of 60 MVA, which feeds 502 residential plots of land in ...

  Sharjah / WAM Sheikha Bodour Al Qasimi, the newly appointed President of the American University of Sharjah (AUS), was welcomed for her first official visit earlier this week to the 25-year-old centre of excellence, a leading academic institution in the Gulf region and beyond. Sheikha Bodour’s appointment to the position of President of AUS was announced in an Emiri ...

  Sharjah / WAM The Expo Centre Sharjah has made a noteworthy appearance at the 2023 Global CEO Summit, hosted by the prestigious Global Association of the Exhibition Industry (UFI). The summit, held in Lisbon, Portugal, brought together more than 100 influential CEOs, executives, and directors from the exhibitions and conferences industry globally. Saif Mohammed Al Midfa, CEO of Expo ...

  Bloomberg The UK’s grid operator asked one coal-fired power unit to be ready to generate power as it seeks to boost electricity supplies during a cold snap. The Uniper SE-owned unit at the Ratcliffe plant in central England is warming and will be ready to provide power by 12:25 pm London time on Tuesday, according to a notice by ...

  Bloomberg The UK Treasury is exploring a significant increase in the bonds it sells to retail investors, a move that analysts say may draw in as much as £70 billion ($85.8 billion) for financing deficits in the coming years. The move would help Chancellor of the Exchequer Jeremy Hunt raise money at a time of economic turmoil and alleviate ...

Bloomberg Emmanuel Macron’s government may offer another concession on plans to raise France’s retirement age from 62 to 64, seeking to secure a parliamentary majority amid a massive public backlash. The government is considering another carve-out so more people can retire before they turn 64, Macron’s Prime Minister Elisabeth Borne said in an interview with the JDD newspaper on Sunday. ...