GM strike in US leads to 5,000 layoffs in Canada, union says

Ontario: About 5,000 workers in Canada have been put on leave due to the United Auto Workers strike at General Motors Co. in the US, according to the union. The Oshawa, Ontario assembly plant has been hit hardest, with all but about 100 of its 2,200 workers on leave, according to David Paterson, vice-president of […]

Google wins EU court fight – making it harder to be forgotten

(Bloomberg) – Google won a European Union court battle against plans to impose a global “right to be forgotten” in the latest landmark ruling over where to draw the line between privacy and freedom of speech. The EU Court of Justice on Tuesday said search engines should remove results on European versions of its websites. […]

Abu Dhabi’s Al Masaood Automobiles-Infiniti celebrates 30 years with new state-of-the-art showroom

Abu Dhabi: Al Masaood Automobiles, the exclusive distributor of Infiniti, Nissan, and Renault in Abu Dhabi, Al Ain and the Western Region, inaugurated a brand new Infiniti showroom in Abu Dhabi. Celebrating its 30-year anniversary this year, the premium brand has unveiled its new location as a centralised hub for sales and after sales, with […]

Saudi’s GDP growth projected to slide to 0.3 per cent in 2019

Dubai: Saudi Arabia which faced attacks on its oil production facilities recently is expected face a drastic slowdown in economic growth largely driven by decline in the volume of oil production, according to rating agency Moody’s. Moody’s had revised its estimate of real gross domestic product growth of 0.3 per cent compared to the earlier […]

Mubadala sign deal to invest $500m in North American Data Centre Business, Cologix

Abu Dhabi: The Abu Dhabi-based global investment firm, Mubadala Investment Company, on Monday announced that it has signed an agreement to invest up to $500 million in Cologix, the network-neutral interconnection and hyperscale edge data centre company, subject to various regulatory approvals. The transaction will provide significant investment for Cologix for growth in both the […]