The UAE Space Agency and Krypto Labs Celebrate Emirati Space Entrepreneurship at the …

Krypto Labs is a strategic partner with Silicon Valley-based 500 Startups, which is among the world’s most active seed investors with over 2,000 …

Thomson Reuters Projects MENA

Data, insights, news & research and analysis you need to gain full visibility of the project pipelines, supply chains, and more to identify opportunities.

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PRESS DIGEST – Wall Street Journal – Sept. 12

Oracle Corp said one of its two chief executives, Mark Hurd, will take a medical leave of absence, removing the technology giant’s top executive for …

Sept 12 (Reuters) – The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

– Daily-deals company Groupon Inc is pursuing an acquisition amid discontent among shareholders about the firm’s financial performance and stock price. https://on.wsj.com/2I2eo7P

– President Donald Trump said the U.S. plans to pull most vaping products from the market, citing growing concerns about health hazards and rising use by teenagers of the trendy alternative to traditional cigarettes. https://on.wsj.com/2HZpla8

– Oracle Corp said one of its two chief executives, Mark Hurd, will take a medical leave of absence, removing the technology giant’s top executive for sales and strategy at a time of intensifying competition in the business-software market. https://on.wsj.com/2I2Z5vL

– Nissan Motor Co Ltd’s management has yet to give Nissan’s board the complete version of a 170-page report detailing alleged wrongdoing by former Chairman Carlos Ghosn, drawing complaints from some directors. https://on.wsj.com/2I4OAYy

– President Donald Trump says the U.S. will delay by two weeks a planned increase in tariffs on some Chinese imports, a move that could ease chilled relations between the two nations ahead of planned trade talks in Washington next month. https://on.wsj.com/2HXKhyn

– The Japanese billionaire who wants to fly around the moon on Elon Musk’s spaceship is cashing out of his online fashion business back on earth by selling control to Yahoo Japan Corp . https://on.wsj.com/2I1q0Yw

(Compiled by Bengaluru newsroom)

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Virgin Hyperloop One project in India could see more than 100mln trips a year: CEO

The hyperloop route between Indian cities of Mumbai and Pune is expected to see more than 100 million trips annually, the chief executive officer of …

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PRESS DIGEST-British Business – Sept 11

British hedge fund manager Man Group Plc will announce on Wednesday that President Jonathan Sorrell is leaving the company after eight years.

Sept 11 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

– German carmaker Bayerische Motoren Werke AG said the Mini factory near Oxford will close from Oct. 31 in the event of a no-deal Brexit, with thousands of workers at the plant going unpaid. https://bit.ly/2kuVvSz

– Bovis Homes Group Plc is back in talks with Galliford Try Plc to buy its housing business three months after an earlier offer was rejected as too low and not in the interests of shareholders. https://bit.ly/2k9Ww1Z

The Guardian

– Danish politician Margrethe Vestager, who has taken on Apple Inc, Amazon.com Inc and Alphabet Inc’s Google, will stay in charge of Europe’s competition rules and take charge of European Union’s digital policy. https://bit.ly/2kfi2Tc

– The British edition of Marie Claire, published by TI Media, a subsidiary of Time Inc, is to cease publication after 31 years as the monthly women’s title joins a growing list of magazines that have succumbed to the shift to digital reading. https://bit.ly/2k7wNHu

The Telegraph

– Dangers posed to Britain’s car industry by Brexit have been likened to a “train crash” by Carlos Tavares, chief executive officer of French carmaker PSA Group, at the Frankfurt motor show. https://bit.ly/2m51EFb

– JD Wetherspoon plc’s boss Tim Martin has sought to quell angry brewers by promising that they will not have to pay for sweeping cuts to the price of a pint. https://bit.ly/2kDHKAU

Sky News

– British hedge fund manager Man Group Plc will announce on Wednesday that President Jonathan Sorrell is leaving the company after eight years. https://bit.ly/2kfbYKq

– Sports Direct International Plc is pleading with the big four accountants to pitch for its audit contract after warning that a smaller firm would be unable to perform the role. https://bit.ly/2lNwUZ8

(Compiled by Bengaluru newsroom)

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UK’s Man Group President Jonathan Sorrell to leave firm -Sky News

Sept 10 (Reuters) – British hedge fund manager Man Group Plc will announce the resignation of the company’s President Jonathan Sorrell on …

Sept 10 (Reuters) – British hedge fund manager Man Group Plc will announce the resignation of the company’s President Jonathan Sorrell on Wednesday in a statement to the London Stock Exchange, Sky News reported late on Tuesday, citing sources.

Sorrell’s decision to quit comes days after The Times newspaper reported that Man Group Chairman Lord Livingston of Parkhead is considering a departure from the company amid tensions with Chief Executive Officer Luke Ellis, the report said. (http://bit.ly/2A96O76)

Sky News also reported that Sorrell’s departure was entirely unconnected to other potential boardroom changes at the company.

Man Group declined to comment on the Sky News report. (Reporting by Aakriti Bhalla in Bengaluru; Editing by Dan Grebler)

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