BLOOMBERG Wells Fargo & Co’s $1 billion settlement of a shareholder lawsuit over unauthorised customer accounts was approved by a federal judge, bringing the total amount the bank has agreed to pay to resolve claims over the scandal to nearly $5 billion. US District Judge Jennifer L Rochon authorised the agreement following a hearing in New York, more than three ...
Read More »Everything Apple Plans to Show on September 12: iPhone 15, Watches, AirPods
BLOOMBERG Apple Inc’s most important new product unveiling of the year gets underway on Tuesday, when the company will introduce the iPhone 15, new smartwatches and the latest AirPods. The event kicks off from the company’s headquarters in Cupertino, California, on September 12 at 10 am local time. The most significant new product will be the iPhone 15 Pro line, ...
Read More »Inspiring global talent to shape the future
DUBAI / GULF TIME Seeds for the Future, sponsored by Huawei & ignited by PIM (Purpose in Motion), is thrilled to announce an exclusive and invite-only In-Person Demo Day event that concludes the Tech4Good Program following a two-week intensive program that brought together students from 15 countries together from the Middle East and Central Asia. The Demo Day takes place ...
Read More »NYU Abu Dhabi organises sustainable environment events
ABU DHABI / WAM The Institute at NYU Abu Dhabi (NYUAD) on Friday launched its 15th season focusing on the environment, titled “A Series of Wonder and Reflection”. A series of talks and conferences will mark the region’s efforts to provide sustainable solutions to the rapid and urgent environmental changes, while championing international collaboration and preserving the past as inspiration ...
Read More »Minister of Human Resources and Emiratisation meets Iranian ambassador to UAE
DUBAI / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, has met with Reza Ameri, Iranian ambassador to the UAE, on the occasion of assuming his assignment. Al Awar welcomed the Iranian diplomat and wished him good luck and success in his mission.During the meeting, which was held at the ministry’s headquarters in Dubai, the two sides ...
Read More »Rakez, India’s IETO to boost int’l business collaboration
RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) and Indian Economic Trade Organisation (IETO) have signed a memorandum of understanding (MoU) to strengthen international trade and investment ties between the UAE and India, underlining their mutual commitment to business excellence. The MoU was signed by Rakez Chief Commercial Officer Anas Hijjawi and IETO President Dr Asif Iqbal. ...
Read More »COP28 Higher Committee discusses implementation
ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and Chairman of the Higher Committee responsible for preparations of the 28th session of the Conference of the Parties to the UNFCCC (COP28 UAE), convened members to discuss progress for COP28, including upcoming milestones and action against key deliverables. In the meeting, HH Sheikh Abdullah ...
Read More »UAE leaders wish President of North Macedonia on Independence Day
ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Stevo Pendarovski of the Republic of North Macedonia, on the occasion of his country’s Independence Day, which is observed on September 8. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler ...
Read More »Yuan drops to record low as China budges in fight with bears
BLOOMBERG The offshore yuan weakened toward its lowest on record against the dollar, as a cut to the daily reference rate for the managed currency stoked bets China is comfortable with a gradual depreciation. China’s currency declined as low as 7.3623 per dollar in overseas trading, beyond the psychologically important level of 7.35 and close to the weakest since the ...
Read More »Dollar slips from 6-month high as Fed comments revive speculation
BLOOMBERG The dollar pulled back from a six-month high as dovish comments from Federal Reserve officials revived speculation that the central bank may keep interest rates at current levels. The Bloomberg Dollar Spot Index retreated 0.1%. The moves came after Fed Bank of New York President John Williams said in a discussion on Thursday that US monetary policy is “in ...
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