Sunday, June 25, 2017

Business News

Uber founder Travis Kalanick resigns as CEO

Travis Kalanick has reportedly stepped down as chief executive of Uber. According to The New York Times, Uber’s investors on Tuesday demanded his removal, insisting that the company needed a change in leadership. Kalanick, who helped found the ride-hailing service in 2009, will continue on Uber’s board of directors. Just ...

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Barclays charged over “unlawful” Qatari deal

Britain’s Serious Fraud Office (SFO) has criminally charged Barclays and four of its former top executives over undisclosed payments to Qatari investors. The hand outs were allegedly made during a 12 billion pound ($15 billion) emergency fundraising in 2008. It’s become the first bank to face criminal charges over actions ...

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Tech CEOs meet with Trump on government overhaul

US President Donald Trump met on Monday with the heads of 18 US technology companies in a bid to modernise the government’s technology infrastructure, cut costs and improve services. The CEOs of Apple, Microsoft, Amazon and Google’s parent company Alphabet were among the dozen other tech leaders who met for ...

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UAE making progress in development projects

The UAE is steadily moving towards achieving its development goals. That’s according to His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, whose comments come in a new Abu Dhabi economic report. His Highness says that, despite the regional and global challenges, 2016 was ...

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