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Dubai / WAM Dubai’s Roads and Transport Authority (RTA), launched the Digital Coach project for training public transport riders. The move is in line with the UAE Strategy for artificial intelligence (AI), and technology is the first of its kind in training drivers worldwide. This robot is configured to train both novice and professional drivers in need of further exposure ...

SHARJAH / WAM Sharjah Islamic Bank (SIB) received the Wells Fargo Operational Excellence Award 2018-2019. The award is granted for banks that achieve over 95 percent straight through processing rate of their payments through Wells Fargo money transfer systems. According to a bank statement, winners of the Operational Excellence Awards were judged based on several criteria’s. SIB as an entity ...

Abu Dhabi / Emirates Business Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat), is participating in the Big 5 International Building and Construction Show 2019. The steel manufacturer will showcase its range of high quality steel products, services and solutions with leaders in the national and regional construction industry. ...

Bloomberg China said it will raise penalties on violations of intellectual property rights (IPR) in an attempt to address one of the sticking points in trade talks with the US. The country will also look into lowering the thresholds for criminal punishments for those who steal IP, according to guidelines issued by the government. It didn’t elaborate on what such ...

Bloomberg Telenor ASA’s Bangladesh unit was ordered by the country’s Supreme Court to pay 20 billion taka ($235.6 million) to the nation’s regulator, the latest step in a long-running dispute, a lawyer for the company said. The order doesn’t resolve the case, which involves Bangladesh Telecommunication Regulatory Commission seeking 125.8 billion taka from the unit, Grameenphone Ltd, the lawyer, Sharif ...

Bloomberg Sony Corp is in talks to acquire a stake in the Indian television network controlled by billionaire Mukesh Ambani, as the Japanese giant seeks to tap booming demand for content in the South Asian nation, according to people familiar with the matter. The Tokyo-based company is currently conducting due diligence on Ambani’s Network18 Media & Investments Ltd before any ...

Bloomberg CATL and BYD Co saw sharp declines in sales of electrified-vehicle batteries in September as demand weakened in China, where the government is cutting subsidies in the EV sector. Sales by market leader Contemporary Amperex Technology Co Ltd (CATL) fell 10%, while BYD’s slumped 71%, causing it to lose its No. 3 ranking to South Korea’s LG Chem Co, ...

Bloomberg The financial distress at Vodafone Group Plc’s Indian venture has dragged down the wealth of Kumar Mangalam Birla whose group is the second-largest investor in the teetering wireless carrier. The tycoon, who joined forces with the British operator last year, has lost about a third of his fortune since the end of 2017 as mounting losses and debt decimated ...

Bloomberg Huawei Technologies Co is suing critics in France who alleged it has ties to the Chinese state. In an unprecedented move, the technology giant filed three defamation claims in Paris over comments made during television programmes by a French researcher, a broadcast journalist and a telecommunications sector expert. The company’s legal actions in France were published in a report ...

Bloomberg Fiat Chrysler Automobiles NV and PSA Group went out of their way to make their combination as equal as possible, shedding assets, paying special dividends and distributing board seats. It didn’t take long for investors to figure out who the buyer is. Shares of Fiat Chrysler jumped 10% after the two sides announced the deal, billed as a 50-50 ...