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Google and Intertrust Technologies Corporation announced Tuesday they’ve teamed up to launch PatentShield, a program designed to help startups defend themselves against patent litigation. By building up a large collection of patents that can be used defensively, PatentShield aims to “level the playing field” and deter larger companies from suing startups. “As startups expand, larger companies – with sizeable budgets and patent portfolios – often use patent […]

By Andrew Chung | WASHINGTON WASHINGTON The U.S. Supreme Court on Tuesday appeared poised to clamp down on where corporations can be sued, a potential setback for plaintiffs’ lawyers who strive to bring cases in courts and locales they consider friendly. The nine justices in two separate cases heard appeals of lower court rulings allowing out-of-state injury lawsuits against drug maker Bristol-Myers Squibb Co(BMY.N) and BNSF Railway […]

There is no love lost between French luxury house LVMH and its smaller rival Hermès despite the financial ties between them. In 2011, then-Hermès chief executive Patrick Thomas reacted with absolute fury when he learnt that LVMH had used derivatives to build up a stake in the company. In a notoriously crude statement, he said: “If you want to seduce a beautiful woman, you don’t start by […]

Etihad Aviation Group on Monday announced the appointment of Robin Kamark as CEO, Airline Equity Partners. Kamark will be responsible for leading and developing the Group’s minority equity investment strategy, which includes stakes in airberlin, Alitalia, Jet Airways, Air Serbia, Air Seychelles, Etihad Regional and Virgin Australia, a statement said. He takes over from Bruno Matheu, who has held the role since May 2016, and is leaving […]

Authored by Zainab Calcuttawala via OilPrice.com, Alberta Premier Rachel Notley warned U.S. President Donald Trump that he would face the wrath of the northern nation’s many allies if the freshman president begins employing energy trade restrictions with Canada. Notley is currently in China, negotiating her country’s trade policies with the Asian giant. She told reporters that she did not know what was meant by Trump’s comments about […]

Located on Reem Island, Vida Beach Reem Island Abu Dhabi and Vida Residences Beach Reem Island Abu Dhabi will add to the portfolio of Emaar Hospitality Group’s upscale lifestyle hotel brand Scheduled to open in 2020, the iconic hotel and extended stay serviced residences overlook the Arabian Sea within a marina setting Vida Beach Reem Island Abu Dhabi will feature 262 guestrooms and suites, and […]

AT&T was set to acquire Straight Path — and its valuable portfolio of mmWave spectrum — in a deal valued at $1.6 billion, but Straight Path announced Tuesday that it has received a “Superior Proposal” from another multi-national telecommunications company. The new bidder made an “unsolicited offer” to acquire all issued and outstanding shares of Straight Path for $104.64 a share, in an all-stock transaction valued at […]

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Just when US trade partners thought it was safe to come out from their hiding places, along comes President Donald Trump to slap a punitive duty on Canada, America’s long-time ally and neighbour — imposing tariffs of up to 24 per cent on imports on its softwood lumber. The new president seemed to have gone quiet on his protectionist instincts, pulling back from a trade confrontation with […]

By Dan Freed and Ross Kerber | PONTE VEDRA BEACH, Fla. PONTE VEDRA BEACH, Fla. Wells Fargo & Co’s (WFC.N) annual meeting turned raucous when it was repeatedly interrupted by angry shareholders on Tuesday as the bank’s chairman and chief executive tried to calm nerves ahead of a vote that could oust the majority of its board. At least one shareholder was removed and the meeting went […]

Dubai’s tourism sector sustained the momentum of its strong 2017 start, with the emirate reporting an 11 percent increase in overnight visitation in the first three months of the year. Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) said in a statement that the city saw 4.57 million travellers in Q1, more than double the growth achieved in the first quarter of 2016. Among Dubai’s top […]

TOKYO The Japanese cabinet minister overseeing reconstruction of areas devastated by the 2011 earthquake and Fukushima nuclear disaster intends to resign after saying it was better that the disaster struck the northeast instead of Tokyo, national broadcaster NHK said. Masahiro Imamura made the comments when talking about the economic costs of the disaster at a party for ruling Liberal Democratic Party lawmakers earlier on Tuesday. The remarks […]

The Navy has since 2014 been testing a 30-kilowatt laser on one of its warships, the USS Ponce A sci-fi staple for decades, laser weapons are finally becoming reality in the US military, albeit with capabilities a little less dramatic than at the movies. Lightsabers—the favored weapon of the Jedi in “Star Wars” films—will remain in the fictional realm for now, but after decades of development, laser […]

Dubai master developer Nakheel on Monday broke ground on a new, 375-room hotel at Ibn Battuta Mall, with a total project value of AED240 million. The ground-breaking ceremony – Nakheel’s second in a week – was led by chairman Ali Rashid Lootah and comes a month after the company handed a construction contract to Dubai-based Parkway International Contracting to build the hotel, which will be operated by […]

By Yashaswini Swamynathan U.S. stock index futures rose on Tuesday, building on a day-earlier rally as investors assessed quarterly earnings, while awaiting a major tax plan from President Donald Trump. * Trump promised last week to make “a big tax reform and tax reduction” announcement on Wednesday. The President has directed his aides to move quickly on a plan to cut the corporate income tax rate to […]

Spotify, the music streaming service that reached 50 million premium subscribers last month, is apparently looking to get into the hardware business. The company’s ambition to get into hardware, possibly through a wearable or a smart home device, was shown through a posted job listing that was spotted by blogger Dave Zatz. Job Listing Shows Spotify’s Hardware Ambitions According to Zatz, a trusted source indicated that Spotify will soon […]

Billionaire Bernard Arnault and his family are shunning big external acquisitions and opting to tighten their grip on LVMH, the world’s largest luxury group by revenues, where they’re already the largest shareholder. The Arnault family is simplifying the complex corporate structure between its family holding company Groupe Arnault, Christian Dior and LVMH — in a move that will see it sell out completely of rival Hermès. “We’re […]

After yesterday’s violent gap up in stocks across the globe in response to the “expected” outcome from the French election, today the risk on sentiment has continued if to a lesser extent, with stocks in Europe, Asia all rising while S&P futures point to a higher open. Yen, gold decline, while the euro traded as high as 1.09 this morning before fading some gains; oil is up […]

An Emirati has been sentenced to 10 years in prison for joining the Daesh terrorist group, also known as ISIL. According to news agency WAM, the State Security Chamber of the Federal Supreme Court handed down the sentence to the 21-year-old, identified only as KAM. The court also ordered the Emirati to be placed under observation after serving his jail term. WAM reported that the Abu Dhabi […]

More than half of businesses in Singapore, Japan, and South Korea are among the least prepared for the upcoming European Union’s data privacy laws, with a quarter of their counterparts in Australia and the US fearing a shutdown as a result. With a year to go before the General Data Protection Regulation (GDPR) would take effect on May 25, 2018, some 56 percent of Singapore-based companies had […]

By Linda Sieg and Tetsushi Kajimoto | TOKYO TOKYO The secretary-general of Japan’s ruling party said on Tuesday he will attend China’s New Silk Road summit in May, a sign Prime Minister Shinzo Abe wants to improve ties with Beijing amid tensions over North Korea’s missile and nuclear programmes. But an adviser to Abe said Tokyo remained cautious about the China-backed Asian Infrastructure Investment Bank (AIIB), created […]

By Eveline Danubrata | BEKASI, Indonesia BEKASI, Indonesia A full merger of Japanese car makers Mitsubishi Motors Corp (MMC) (7211.T) and Nissan Motor Co Ltd (7201.T) is not on the table, Carlos Ghosn, chairman of both firms, said on Tuesday. “Full merger is not on the table. We want Mitsubishi to reform itself,” said Ghosn, who was attending the opening ceremony of a new Mitsubishi factory on […]

Viktor Medvedchuk has an unusually powerful godfather to his daughter: Vladimir Putin, the Russian president. The Ukrainian is also under US sanctions for “threatening the peace, security, stability, sovereignty or territorial integrity” of his country. So why is Mr Medvedchuk involved in negotiations over the future of separatist-held east Ukraine — on Kiev’s side? Mr Medvedchuk, 62, has long been one of Ukraine’s most divisive and enigmatic […]

Uber is scoffing at claims that its expansion into self-driving cars hinges on trade secrets stolen from a Google spinoff, arguing that its ride-hailing service has been working on potentially superior technology. The legal defense, presented in documents filed Friday in San Francisco federal court, marks Uber’s first detailed response to explosive allegations that its self-driving cars rely on crucial technology designed by Waymo. That company was […]

25 April 2017 Dubai, UAE – Emirates Integrated Telecommunications Company PJSC (“du”) today published its financial results for the first quarter of 2017 showing a 2.5% rise in revenue to AED 3.17 billion. Net Profit before royalty decreased by 16.7% to AED 851.2 million, compared with Q1 2016 Advertisement (AED Millions) First Quarter Analysis   Q1 2016 Q1 2017 % change Revenue (AEDm) 3,089.6 3,166.4 2.5%        […]

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