Sharjah / Emirates Business Sharjah Healthcare City (SHCC) and Arab German Chamber of Commerce and Industry (GHORFA), have signed a landmark cooperation agreement. This agreement will establish ties and extend cooperation in promoting the Sharjah Healthcare City project situated in Sharjah. GHORFA will assist in promoting Sharjah Healthcare City in Germany and other European countries. The cooperation agreement was ...
Read More »UAE envoys tour Barakah Nuclear Energy plant
Abu Dhabi / Emirates Business The Emirates Nuclear Energy Corporation (ENEC) and Nawah Energy Company (Nawah) welcomed 117 of the UAE’s overseas diplomats to Barakah Nuclear Energy Plant during a tour of the project, which included a briefing on the UAE’s Peaceful Nuclear Energy Program and the latest construction and commissioning milestones. The UAE Ambassadors and Heads of Missions ...
Read More »Apple mulls investment in Toshiba’s chip unit
Bloomberg Apple Inc. may be coming to Toshiba Corp.’s rescue. The iPhone maker is actively looking at options for helping the troubled Japanese company by investing in its semiconductor unit, which has been put up for sale, according to people familiar with the matter. Apple is considering a range of options from partnering with Taiwan’s Hon Hai Precision Industry ...
Read More »Google’s ad tech rivals seize opportunity after YouTube boycott
Bloomberg Weeks after scores of advertisers boycotted YouTube, Google is still trying to mitigate the damage. Meanwhile, long-struggling competitors in the digital ad market are seizing the moment. MediaMath Inc., a New York-based seller of software for automated online ad buying, is introducing a new service to ensure that ads only run alongside hand-picked, “high quality†content. The “curated ...
Read More »Struggling tech giant LeEco loses global corporate finance head
Bloomberg LeEco Inc.’s global head of corporate finance is leaving, according to a person familiar with the matter, the latest sign of retrenchment by the Chinese technology giant. Winston Cheng, who joined LeEco in 2015, will be president of international at Chinese e-commerce company JD.com Inc., leading new business initiatives including investments and mergers and acquisitions, the person said. ...
Read More »Nintendo to release mini switch in 2019
Bloomberg Expect more variations of the Switch as Nintendo Co. continues to refine its home and portable business strategy. That’s the message from Citigroup Inc., which says the new console is doing well, but is too big to truly combine home and portable gaming for everyone. That’s why they expect the Kyoto-based company to release a smaller version of ...
Read More »Boeing’s largest 737 Max takes maiden flight
Bloomberg Boeing Co.’s newest and largest 737 Max gunned down the runway and soared over the shore of Lake Washington, south of Seattle, on its way to an almost three-hour maiden flight. The latest model in Boeing’s best-selling jet family took wing five days ahead of schedule, during a week marking the 50th anniversary of the first 737 flight. ...
Read More »Alitalia workers urged to okay compromise deal
ROME / AP Premier Paolo Gentiloni urged Alitalia workers to approve a compromise deal to relaunch Italy’s struggling flagship airline that was reached in last-ditch, government-mediated negotiations between unions and Alitalia management. The deal reached early on Friday reduces proposed job and salary cuts and calls for greater investment in the long-range routes that analysts say are critical for ...
Read More »Iran Air signs $536mn order for 20 aircraft
ROME / AP European turboprop manufacturer ATR sealed a long-awaited deal with Iran Air worth $536 million at list prices, making it the latest aerospace company to benefit after a nuclear accord eased international restrictions on trade with the Middle Eastern state. Iran Air will take 20 ATR 72-600 aircraft and has options for 20 more, ATR spokesman David ...
Read More »Delta Air Lines hikes payouts for overbooked fliers
Bloomberg Delta Air Lines Inc. increased the payouts its airport agents can offer passengers on overbooked flights, moving to prevent a public relations nightmare similar to the one plaguing United Continental Holdings Inc. Customer service agents will be able to offer passengers as much as $2,000 when they’re asked to give up a seat on an oversold flight, up ...
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