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Bloomberg A senior Bank of America Corp. (BofA) bond trader is the latest person to depart from the company’s fixed-income division. Shyam Rajan, head of US Treasury trading, is leaving after more than a decade with the firm. The company named Michael Maras head of global fixed-income, currencies and commodities research after prominent analyst David Woo decided to leave. Wall ...

Bloomberg McLaren Automotive will bill its first plug-in hybrid model as offering true supercar performance with hatchback-level emissions. The Artura will start at 185,500 pounds ($258,000) and can drive about 30 kilometers (19 miles) on battery power alone, Chief Executive Officer Mike Flewitt said in an interview. The carmaker expects the car to account for about a third of its ...

Bloomberg Apple Inc. is in discussions with multiple suppliers of self-driving car sensors known as lidar, according to people familiar with the matter, a key milestone towards development of its first passenger vehicle. The Cupertino, California-based technology giant is in active talks with a number of potential suppliers for these laser-based sensors that allow a car’s computer to “see” its ...

Bloomberg News publishers are lobbying the European Union (EU) to copy parts of a proposed law in Australia that would force Facebook Inc. and Alphabet Inc.’s Google to pay an agreed price for their content. The publishers want EU lawmakers to force the tech giants into binding arbitration if they can’t agree on payments for snippets of articles shown on the ...

Bloomberg Foxconn Technology Group’s new EV platform is expected to help launch vehicles later this year, a company official said, signifying major progress in the Taiwanese electronics giant’s push into the automotive space. Two light vehicles designed using Foxconn’s platform will be unveiled in the fourth quarter, Chairman Young Liu of Foxconn’s flagship unit Hon Hai Precision Industry Co. told ...

Bloomberg Uber Technologies Inc. lost a UK Supreme Court ruling over the rights of its drivers, in a landmark decision that strikes a blow against the gig economy. The judges unanimously ruled that Uber drivers are “workers” entitled to rights like minimum wage, holiday pay and rest breaks. The ruling will have a significant impact on the UK’s burgeoning gig ...

ABU DHABI / WAM Major General Staff Pilot Ishaq Saleh Al Balushi, Head of the Executive Directorate of Industries and Development of Defence Capabilities at the Ministry of Defence and Vice Chairman of the Higher Organising Committee for Idex and Navdex, has said that the participation of 900 companies from 59 countries in the current edition of the joint event, ...

ABU DHABI / WAM The value of real estate transactions in Abu Dhabi in 2020 totalled AED74 billion, with 19,000 transactions being executed, including sales and mortgages of land, buildings and real estate units for all types of land use, a rise of 28 percent compared to 2019, which recorded a value of AED58 billion. A report by the Department ...

ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, and Gulf Air, the national carrier of the Kingdom of Bahrain, have signed a Strategic Commercial Cooperation Agreement (SCCA) to deepen their partnership between Abu Dhabi and Bahrain and beyond the respective hubs. The wide-ranging SCCA, subject to obtaining applicable governmental and regulatory approvals, was signed ...

ABU DHABI / WAM Saab, a defence and security company in the UAE, is revealing its first UAE developed product at Idex 2021. The company’s inaugural UAE developed product is a Rugged Camera Module — Infrared, (RCAM-IR) which features an extremely rugged design for harsh and demanding environments. This is the first of many such products to be developed in ...