ABU DHABI / WAM Dubai based Zaitoun Green Shipping LLC has initiated, together with world leading companies in smart technology and solutions, a consortium to collaborate on radically improving performance of container ships and forming a new business model for this market. The consortium consists of the top international industry key players such as MacGregor, Mitsubishi Heavy Industries Marine Machinery ...

Bloomberg Aston Martin is preparing to list its shares in London after the brand synonymous with UK spymaster James Bond pulled off a multi-year turnaround. The British maker of sports cars made famous in movies from “Goldfinger” to “Skyfall” is said to target a valuation of about 5 billion pounds ($6.4 billion) — approaching Ferrari NV’s multiples. A final decision ...

Bloomberg Fewer Americans lack health insurance — but the gap remains wide, especially in some pro-Trump states. The number of uninsured declined to 28.3 million in the first quarter, down from 29.3 last year — and 48.6 million in 2010, the year the Affordable Care Act was signed into law by then-President Barack Obama, according to data from the federal ...

Bloomberg Discussion of house prices has long been a national pastime in Britain, and it’s little wonder. Land accounted for 51 percent of the UK’s net worth in 2016, far more than in any other measured Group of Seven country, the Office for National Statistics said on Wednesday. In Germany, the figure was as low as 26 percent and the ...

Bloomberg Steinhoff International Holdings NV ex-Chief Financial Officer Ben La Grange blamed departed leader Markus Jooste and auditors including Deloitte LLP for the retailer’s accounting scandal, saying he became aware of any wrongdoing only days before the crisis erupted. In his first public comments since being suspended by the company, La Grange said Steinhoff’s financials were corrupted by third-party transactions ...

Bloomberg Renault SA is betting on a sustained recovery in Russia’s car demand, unveiling a sleek coupe-style sport utility vehicle in Moscow that’ll be manufactured in the French carmaker’s second-biggest market. The Arkana coupe-crossover, due to first go on sale in Russia next year, will help to expand the manufacturer’s offering of popular SUVs such as the Kadjar or Koleos, ...

Bloomberg California lawmakers approved a measure mandating that all electricity come from wind, solar and other clean-energy sources by 2045, marking the state’s biggest step yet in the fight against global warming. The state Assembly voted 43-32 in favour of the legislation. It would eliminate the reliance on fossil fuels to power homes, businesses and factories in the world’s fifth-largest ...

Bloomberg Oil touched the highest level in three weeks after a government report showed a bigger US crude stockpile decline than expected. Futures in New York advanced as much as 1.5 percent. The Energy Information Administration reported nationwide crude inventories fell 2.57 million barrels last week, larger than a decrease of 1.49 million barrels that analysts forecast in a Bloomberg ...

Bloomberg Exxon Mobil Corp. set a goal for reducing emissions from its Canadian oil sands, the second time this year the world’s biggest oil explorer by market value published a greenhouse-gas target. Imperial Oil Ltd., a Calgary-based subsidiary 69-percent owned by Exxon, will reduce the intensity of emissions by 10 percent over the next five years, compared with 2016 levels, ...

Bloomberg Troubled carrier Jet Airways India Ltd. said it will sell a stake in its loyalty program and cut as much as $285 million in costs over the next two years as part of a turnaround plan after years of losses in a competitive aviation market. Announcing the biggest quarterly loss since 2015, the board of the Mumbai-based airline considered ...