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AIM 2020 to highlight shifting global investment landscape

Dubai / WAM The UAE Ministry of Economy has announced that the 10th edition of the Annual Investment Meeting (AIM), will be held from March 24-26, 2020, in Dubai. The tenth edition is themed, ‘Investing for the Future: Shaping the Global Investment Strategies’, and will highlight the shifting global investment landscape. Praising the expanded network of AIM 2020, Abdullah Al ...

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Arab-Russian cultural dialogue held in Moscow

ABU DHABI / WAM The Sheikh Zayed Book Award organised a panel discussion in Moscow to highlight the pivotal cultural role of the Russian-Emirati cultural dialogue. Held at the Ritz-Carlton, Moscow, the Arab-Russian Cultural Dialogue event further aimed to introduce Russian audiences to Sheikh Zayed Book Award initiatives and attract further nominations to its annual award. Maadhad Hareb Al Khaili, ...

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Impeachment vote key test for vulnerable House Dems

Bloomberg The year-old Democratic majority in the US House faces its toughest test now that the chamber has locked in a vote on impeaching President Donald Trump next week. It’s a step that many moderates in the party had hoped to avoid. The Democrats who flipped Republican seats in 2018 to give Speaker Nancy Pelosi her gavel have helped pass ...

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Congress mulls reviving tax breaks prized by ADM, Tesla

Bloomberg US lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax breaks in last-minute negotiations over a government spending bill. The talks are focussed on reinstating the so-called tax extenders, a move that could be a boon to the biofuel and short-line railroad industries that were hoping to see renewal of valuable ...

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Mercedes delays US EV debut as Audi, Jaguar SUVs flop

Bloomberg Mercedes-Benz is putting off the US debut of its first electric vehicle by a year in the latest sign of just how difficult a time automakers are having replicating Tesla Inc’s success. Daimler AG’s luxury brand will start sales of the EQC crossover in 2021 rather than early next year. The German carmaker said in an emailed statement that ...

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Google culture war escalates as era of transparency wanes

Bloomberg Each morning, workers at Google get an internal newsletter called the “Daily Insider.” Kent Walker, Google’s top lawyer, set off a firestorm when he argued in the November 14 edition that the 21-year old company had outgrown its policy of allowing workers to access nearly any internal document. “When we were smaller, we all worked as one team, on ...

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China threatens Germany with retaliation if Huawei banned

Bloomberg China’s ambassador threatened Germany with retaliation if it excludes Huawei Technologies Co as a supplier of 5G wireless equipment, citing the millions of vehicles German carmakers sell in China. Resistance against Huawei is growing among lawmakers in Chancellor Angela Merkel’s governing coalition, who have challenged her China policy with a bill that would impose a broad ban on “untrustworthy” ...

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Japan Post probe finds 9,000 cases of missold insurance

Bloomberg Japan Post Holdings Co is set to release a final report on missold insurance as early as December 18, and the findings will show more cases than an interim probe uncovered, the Yomiuri Shimbun reported. After speaking to more than 120,000 clients, a special investigation committee composed of external lawyers found 9,000 incidents of insurance sales at post offices ...

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UAE leaders reveal 2020 plan to develop strategy for next 50 years

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, announced 2020 to be the year of preparations for the next 50 years. Declared ...

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AED1.13b Umm Lafina project 60% complete

Abu Dhabi / WAM The Integrated Transport Centre (ICT), and Abu Dhabi General Services Company, Musanada, announced that work is progressing according to the agreed construction plan and in line with the set delivery schedule in the Sheikh Zayed bin Sultan Road extension project at Umm Lafina and Al Reem Islands at a total cost of approximately AED1.131 billion. Envisaged to ...

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