Bloomberg Google has won a multi-year deal to store Renault SA’s manufacturing data, marking the US tech company’s first major industrial cloud deal in France. The Alphabet Inc. unit will gather data from Renault factories, robots and supply chains, the companies said. Google called the contract the largest of its kind globally, though both businesses declined to comment on how ...

Bloomberg Daimler AG plans to sell its factory in Hambach, France, as the maker of Mercedes-Benz cars pursues deeper-than-expected restructuring to overcome the fallout of coronavirus pandemic. The move to unload the home of the Smart two-seater will result in a negative one-time effect of roughly $562 million in the second quarter, Daimler said. It doesn’t expect an impact on ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Frontline Heroes Office, has appointed the Board of the Office, under the chairmanship of Sheikh Sultan bin Tahnoon Al Nahyan. The Board of the Frontline Heroes Office includes the following members: ...

Bloomberg Oil traded near $41 a barrel in New York as coronavirus cases continued to surge globally, casting doubt over the market’s rebounding consumption. US crude traded lower, while Brent edged higher. Goldman Sachs recommended buying global benchmark futures over WTI as American inventories grow. US crude stockpiles rose last week, according to government data, but gasoline demand recovered to ...

Bloomberg India is considering a plan to raise as much as 200 billion rupees ($2.7 billion) by selling stake in the world’s largest coal producer, and a bank to fund a stimulus program aimed at boosting the virus-battered economy, officials with knowledge of the matter said. The proposal involves a share sale depending on market sentiment, said the officials, who ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted over 49,000 additional Covid-19 tests, using state-of-the-art medical testing equipment. In a statement, the ministry affirmed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. The ministry noted an additional ...

SEOUL / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, said that the world has been experiencing extraordinary circumstances due to the unprecedented impact of the Covid-19 global health crisis, wherein the UAE and South Korea have proven the value of their friendship and showcased what two countries with shared interests, goals, ...

Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Decision No. (5) of 2020 partially amending Decision No. (3) of 2017 pertaining to the formation of Dubai’s Committee for Building Permit Procedures Development. Pursuant to the new decision, a temporary committee named ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, has announced a codeshare agreement with Abu Dhabi’s first low-cost airline, Air Arabia Abu Dhabi. Etihad will place its ‘EY’ code on Air Arabia Abu Dhabi’s inaugural flight from Abu Dhabi to the Egyptian city of Alexandria on July 14, followed by the Nile city ...

DUBAI / WAM Dubai International Financial Centre (DIFC) announced that DIFC Presidential Directive will end on July 31. On April 26, DIFC declared DIFC Presidential Directive No 4. of 2020 which addressed the pressing need for firms based in the centre to be able to access a number of emergency measures related to their workforce to ensure the stability and ...