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MANNHEIM, Germany SAP (SAPG.DE) said on Wednesday its executive pay system was reasonable, defending management bonuses against the criticism of some shareholders. “Our executive payment must be seen in comparison with other software companies and must be competitive,” SAP’s co-founder and supervisory board Chairman Hasso Plattner told the company’s annual shareholders’ meeting. “We think we have a reasonable system,” he added. Leading shareholder advisors have called on […]

Turkish President Recep Tayyip Erdogan said Tuesday his country’s trade with the energy-rich Gulf had yet to reach its full potential, as he visited a region where Ankara aims to strengthen ties. “We want to develop trade volume with the Gulf states, which last year reached $17.4 billion (15.9 billion euros),” Erdogan said in Kuwait. “Compared with the potential we have, this size is below the required […]

ZURICH ChemChina [CNCC.UL] has won around 82 percent support from Syngenta shareholders for its $43 billion takeover of the Swiss pesticides and seeds group, China’s biggest foreign acquisition to date, the two companies said on Wednesday. Definitive interim results of the tender showed around 82.2 percent of Syngenta shares and depository receipts had been offered, slightly above the level the partners had announced last week when ChemChina […]

An Emirati entrepreneur has created a buzz in the GCC honey industry with the region’s first apiary that rears queen bee breeds from across the world. Mana Al Kaabi established the Al Kaabi established Hatta Honey, a honey production business with support from Dubai SME and Dubai Municipality, and now plans to create a new bee breed, to be called the Dubai Breed that will have unique […]

The British perfumer founded Jo Malone London in 1988, moving from home-made creams to best-selling fragrances in a short span. She stayed on as creative director when she sold the company to the Estée Lauder group in 1999, but then quit the industry altogether in 2006 because she temporarily lost her sense of smell following a battle with breast cancer. Malone launched her second business, Jo Loves, […]

Saudis often liken Aramco, the kingdom’s state oil company, to a fat cow or productive hen. The company has for decades been the bedrock of the economy and the enabler of the government largesse to which Saudis have grown accustomed. Now its future has become a source of concern as disquiet grows over plans by Mohammed bin Salman, the deputy crown prince, to sell a 5 per […]

Enhancing Kuwait’s arbitration legal framework in order to render Kuwait a more attractive arbitration venue in the region Kuwait – 10 May 2017 ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading corporate, litigation and finance law firm, co-organized a leading seminar on arbitration with the International Court of Arbitration of the International Chamber of Commerce – Paris (ICC). The ICC is one of the oldest and […]

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The Local Government Association of Queensland (LGAQ) has announced a live trial of drone technology to be used for disaster management, utilising Telstra’s 4G network and a combination of three drone operators and four software platforms for the tests. The combination of drone operators and software platforms will allow the drones to fly beyond visual line of sight (BVLOS); however, current legislation still requires drones to be […]

Two Sigma Securities said on Tuesday that it plans to buy Interactive Brokers’s options market-making unit. After completion of the deal, Two Sigma Securities’s market-making offering will “span over 7,000 U.S. equity securities and options on 1,300 underlying securities, executing over 300 million shares and one million options contracts per day,” the company said. “Through this transaction, TSS will integrate Timber Hill’s highly complementary platform to form […]

Slovenian Jan Polanc conquered the prestigious Giro d’Italia fourth stage to Mount Etna on Tuesday to give the UAE Team Emirates its first ever Grand Tour stage victory. Climbing specialist Polanc was part of a four-man breakaway that pulled free early in the 181 km ride from Cefalu. Despite being left on his own for the last 16 km of the 18.1 km climb to the summit, […]

NEW YORK Proxy adviser Glass Lewis on Tuesday recommended that BlackRock Inc (BLK.N) shareholders vote down a non-binding measure on executive compensation, saying CEO Larry Fink was paid “significantly more than the median CEO compensation” of the world’s largest asset manager’s peers. BlackRock cut total compensation for Fink by 1 percent to $25.5 million in 2016, according to a filing last month based on a calculation of […]

Ticketek sells over 23 million tickets to more than 20,000 events each year, including concerts, sports, theatre, musicals, festivals, and exhibitions at iconic Australian venues such as ANZ Stadium, Qudos Bank Arena, and the Sydney Cricket Ground. A part of TEG Pty Limited, Ticketek considers itself a “truly digital” company, with ticketek.com.au allowing customers to browse, buy, and deliver tickets on their phone, through both the mobile […]

By Sue-Lin Wong | HUNCHUN, China HUNCHUN, China In August, 2014, planners in the northeastern Chinese city of Hunchun argued in state media that it should be included in the “One Belt, One Road” project, Beijing’s vision laid out the previous year of a new Silk Road across Asia to Europe. In 2015, the official Xinhua news agency ran stories about how Hunchun was accelerating its “OBOR” […]

Emirates SkyCargo and Cargolux Airlines on Tuesday signed an agreement for a strategic operational partnership in air cargo transportation. The deal, the first of its kind in the air cargo industry between a mainline airline and a specialised freighter operator, will allow cooperation between two carriers with complementary strengths and shared values for customer service excellence, they said in a joint statement. Under the terms of the […]

Whether they’re flying pizzas, burritos or medications to customers’ doors, drones for delivery have arrived. Businesses as far-ranging as UPS, Dominos, Amazon and the hospital group Ticino EOC, are testing drones out, and in some cases, inked deals with drone makers and drone service providers to use them commercially. Still, most drones built for delivery only fly for a short time and distance. The drones are battery-powered, and one charge doesn’t take them far, though […]

DUBAI, May 9  Expo 2020 Dubai has chosen leading global logistics firm UPS to handle the logistics operations for Expo 2020 Dubai, which is expected to attract millions of visitors over its six-month duration. With more than 180 countries expected to participate and hundreds of thousands of visitors on peak days, the next World Expo will be one the most complex logistics projects UPS has tackled. As […]

By Timothy Gardner | WASHINGTON WASHINGTON Eight Democratic senators asked U.S. regulators on Tuesday to launch an investigation into billionaire Carl Icahn’s activities in the U.S. biofuels blending credit market, saying the activist investor may have violated trading laws since becoming an adviser to President Donald Trump. “We are writing to request that your agencies investigate whether Carl Icahn violated insider trading laws, anti-market manipulation laws, or […]

Microsoft is continuing to tweak its Windows as a Service updating and patching strategy. Company officials announced some of the latest adjustments during last week’s Ask Me Anything (AMA) about Windows as a Service on the Microsoft Tech Comunity site. Microsoft officials have been hinting that the company is working to align the patching and updating strategies for Windows 10 and Office, moving forward. It turns out […]

On a cold, rainy day at the end of April, more than 30 people gathered at a co-working space in Charlotte, North Carolina for a public conversation about the future of news in the state. Five days later, more than 50 people got together for a similar conversation at a jazz club in downtown Durham. At both events, attendees — which included local journalists and community activists […]

By Allison Lampert | MONTREAL MONTREAL A United Nations agency has launched efforts to craft global guidance for the use of laptops and other portable electronics in aircraft passenger cabins after selective bans by the United States and Britain, made in response to security threats, angered some passengers and Middle East airlines. The International Civil Aviation Organization (ICAO) has pushed forward with the plan after certain countries […]

The world’s biggest oil producers Russia and Saudi Arabia on Monday eyed up extending an output reduction deal ahead of an OPEC meeting later this month. “Russia is in solidarity with the efforts of our partners to rebalance the market and considers that the joint initiative to stabilise the world oil market is currently effective,” energy minister Alexander Novak said, Russian news agencies reported. “We are discussing […]

Apple on Tuesday invited members of the press to attend the opening keynote for its annual World Wide Developer Conference (WWDC) on June 5. The keynote is scheduled to start at 1 pm ET/10 am PT at the McEnery Convention Center in San Jose, CA. Apple in the Enterprise: A Strategic Guide Once a pariah in the enterprise, Apple has quietly emerged as a darling of executives […]

US stocks hit fresh intraday highs on Wednesday, with Apple’s market value breaking through $800bn for the first time, as an earnings trade replaces the so-called Trump trade. The best US earnings season in five years has powered Wall Street to new heights even as the pro-business tax, regulation and infrastructure policies of Donald Trump are taking longer to translate into action than investors had hoped. The […]

Despite paying trillions in Federal taxes every year, Americans’ requests for a clear, detailed breakdown of where their money goes every year, have gone unanswered and been ignored by both Republican and Democrat administrations for one simple reason: transparency has an unpleasant way of mutating into accountability, which is the scariest thing imaginable for any career politician. Not any more. On Tuesday, the US Treasury launched a […]

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