Sunday, June 25, 2017

Business News

Uber CEO takes leave of absence

Uber’s CEO Travis Kalanick is taking a leave of absence for an unspecified period of time. His leave is one of dozens of recommendations made to the Uber Board by former US Attorney General Eric Holder, as the company tries to recover from months of controversy. Technology Correspondent Rachel Silverman ...

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Tim Cook confirms Apple is working on self-driving car technology

Apple has confirmed that it is working on technology for self-driving cars. CEO Tim Cook told Bloomberg that the company was focusing on autonomous systems – calling them one of the most difficult artificial intelligence projects to work on. However, he did not say whether Apple was looking to build ...

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Verizon completes $4.48 billion Yahoo acquisition

Communications giant Verizon has completed its $4.48 billion acquisition of Yahoo’s core internet business. It said on Tuesday that Marissa Mayer, chief executive of the internet company, has resigned. Yahoo will be combined with AOL into a new entity called Oath, which Verizon will use to compete with Google and ...

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Flights between UAE, Saudi Arabia to increase to 86 per week

Flights between the UAE and Saudi Arabia will increase to 86 per week, the national news agency WAM has confirmed. A memorandum of understanding was signed between the UAE General Civil Aviation Authority and the Saudi General Authority of Civil Aviation. During a meeting in Riyadh last week, officials from ...

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UAE inflation rate at 2.2% in first 5 months of 2017

The inflation rate in consumer prices in the UAE during the first five months of 2017 stood at 2.2 per cent. According to a recent report published by Statistics Centre – Abu Dhabi, it rose by 2 per cent compared to the same period last year. It also revealed that ...

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