Satellite firm works to fly delivery drones hundreds of miles

Bloomberg Inmarsat Group Holdings Ltd. says it’s found a way to safely fly civil drones over long distances, a step that may help pave the way for mass adoption by industries from transportation to energy and infrastructure. Current rules mean most non-military users have to keep drones where they can see them and can only operate one at a time ...

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AT&T considers selling gaming unit in $4b deal

Bloomberg AT&T Inc. is considering a sale of Warner Bros. video-game unit, a business that could fetch about $4 billion and help the company pare down its almost $200 billion in debt, CNBC reported. Activision Blizzard Inc., Electronic Arts Inc. and Take-Two Interactive Software Inc. are interested in potentially buying the division, according to CNBC, which cited unidentified people familiar ...

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Rwanda deploys robots in fight against Covid-19

Bloomberg After succesfully deploying drones to enforce a lockdown and curb the spread of the coronavirus, Rwanda has now enlisted the help of five robots. The nation that’s been at the forefront of technology adoption on the continent will use the Belgium-made robots at a Covid-19 treatment center to test patients’ temperatures and to alert security when people don’t wear ...

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Apple removes two podcast apps from app store at China’s request

Bloomberg Apple Inc. removed podcast apps Pocket Casts and Castro from its App Store in China at the request of the Cyberspace Administration of China, the apps’ developers said this week. “We believe podcasting is and should remain an open medium, free of government censorship,” Pocket Casts wrote on Twitter. “As such we won’t be censoring podcast content at their ...

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Morgan Stanley cuts Tesla to underweight

Bloomberg Morgan Stanley cut Tesla Inc. to underweight from equal-weight, saying the rally that saw the stock break above $1,000 this week doesn’t properly reflect emerging risks. Analyst Adam Jonas cited price cuts across Tesla’s model range in China and the US that suggest auto demand coming out of the coronavirus pandemic isn’t as strong as before. An even greater ...

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Nikola founder has $7.4bn fortune on free truck orders

Bloomberg His company has sent his net worth soaring to $7.4 billion, but Trevor Milton is frustrated. The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionising the trucking industry. The doubters who have him particularly down are criticising him for taking orders for hydrogen fuel cell-powered ...

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Mubadala’s 2019 income soars four-fold to AED53b

ABU DHABI / WAM Mubadala Investment Company, an Abu Dhabi sovereign investor, on Thursday released its 2019 Annual Review, which revealed that the company achieved a total comprehensive income of AED53 billion for the year, compared to AED12.5 billion in 2018, driven by Mubadala’s public equities portfolio and funds, as well as the company’s assets across various sectors. Mubadala concluded ...

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Etihad, Aldar retail sign major partnership deal

Abu Dhabi / WAM Etihad Airways and Aldar Properties have entered into a historic partnership that brings benefits to UAE-based Etihad Guest members and shoppers in the UAE capital, Abu Dhabi. Through this exclusive agreement Etihad Guest members can now earn and spend their Etihad Guest Miles on purchases made with their Visa cards at three malls within Aldar’s retail ...

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UAE chairs ITU virtual consultation of councillors

DUBAI / WAM The UAE, represented by the Telecommunications Regulatory Authority (TRA) chaired the virtual consultation session of the council members of the International Telecommunication Union (ITU) which started on June 9, and lasts for four days. The session discusses the most important measures need to be taken by the ITU to ensure work continuity until the next meeting of ...

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