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BLOOMBERG DBS Group Holdings Ltd is looking to cash in on the boom in private credit by originating and distributing deals, according to the global head of fixed income at Southeast Asia’s largest bank. While the company is looking to pair up clients with private credit providers, it will steer clear of doing direct lending transactions itself to avoid conflicts ...

BLOOMBERG Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co is raising around $350 million selling part of its stake in Volvo Car AB, responding to investor concerns about the automaker’s limited free float. Geely, which owns a web of automotive interests in Europe, offered approximately 100 million shares in the company at 37 kronor ($3.49) apiece, according to a ...

BLOOMBERG The European Union (EU) enacted a slew of new rules earlier this year to fight the kind of hate speech and disinformation that officials say is rife on Elon Musk’s X platform, but the bloc isn’t able to enforce them yet. The EU’s main tool to clamp down on objectionable content, the Digital Services Act, went into effect on ...

DUBAI / WAM Dubai Future Forum, the world’s largest gathering of futurists, is set to kick off on November 27 and run until November 28. Organised by Dubai Future Foundation (DFF), the forum takes place at the Museum of the Future under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) has launched the “SME Finance Facilitator” programme, in partnership with the Emirates Classification Society “Tasneef” and support of Abu Dhabi Chamber of Commerce and Industry (ADCCI), and leading banks, to improve SMEs access to financial services and enable them to grow further and play a greater role in ...

ABU DHABI / WAM The Institute at NYU Abu Dhabi (NYUAD) will host a two-day Climate Action and Health Conference from November 27-28 as part of the university’s wide-ranging contribution to sustainability in the lead up to COP28. Featuring leading global experts, the event is organised in association with the Policy Committee of the International Society for Environmental Epidemiology, and ...

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, and Chairman of the Board of Directors of the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), the Abu Dhabi International Food Exhibition (ADIFE) will begin today with thousands of sector leaders, exhibitors ...

BLOOMBERG In a major reversal, Apple Inc plans to adopt a technological standard next year that will allow text messaging to operate more smoothly between iPhones and Android devices. The company had pushed back on the standard — known as RCS — for more than a year, even as Alphabet Inc’s Google and others pressed Apple to adopt the technology. ...

BLOOMBERG Amazon.com Inc is cutting hundreds of employees in the division responsible for its voice-activated Alexa assistant, according to a memo sent to employees. Daniel Rausch, an Amazon vice president who leads teams working on Alexa and the company’s Fire TV streaming franchise, said the company was “shifting some of our efforts to better align with our business priorities,” including ...

BLOOMBERG Adobe Inc’s $20 billion buyout of Figma Inc, a smaller maker of cloud-based design software, risks being derailed by European Union merger watchdogs unless the firms fix a list of competition concerns highlighted by the bloc’s antitrust arm. The European Commission issued a so-called statement of objections, highlighting how Adobe’s largest deal ever could imperil fair competition in the ...