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Bloomberg Elon Musk picked a glitzy event in Germany, a few hours’ drive from the birthplace of the internal combustion engine, to drop the news before some of the world’s biggest car bosses: Tesla Inc plans to set up shop in their backyard. The billionaire chief executive officer announced that Tesla will round out its global manufacturing network with a ...

Bloomberg China Evergrande Group, the property giant with ambitions to become the world’s biggest maker of electric vehicles, plans to unveil its debut car by June — a year later than first promised. The car, to be sold under the ‘Hengchi’ brand, will debut in the first half of next year, with mass production starting in 2021, the company said ...

Bloomberg Singapore has unveiled an ambitious strategy to become a global leader in artificial intelligence by 2030, attempting to carve out a niche for itself in an increasingly politicized technology. Deputy Prime Minister Heng Swee Keat outlined five key areas the island nation is targeting for AI applications including in transport and logistics planning, provision of municipal services, detection and ...

Bloomberg The Lebanese army deployed heavily across the country and banks and schools remained shut for a second day as protesters incensed by a call to go home began to converge on the presidential palace. Life in much of Lebanon ground to a halt a day after President Michel Aoun told anti-government demonstrators to disperse or else they’d risk the ...

ABU DHABI / WAM Adnoc LNG announced on Tuesday it has concluded supply agreements with subsidiaries of BP and Total, effectively booking out the majority of its LNG production through Q1 2022. With the transactions, Adnoc LNG has continued to expand its footprint into new regions and markets. The agreements were signed by officials from BP, Total and Adnoc LNG ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday it has signed an agreement with Group 42 (G42), an Abu Dhabi based artificial intelligence, cloud and supercomputing company, to establish a joint venture to develop and commercialise market-leading artificial intelligence (AI), products for the oil and gas industry. Under the terms of the agreement, a ...

Dubai / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs, discussed means of boosting cooperation between Dubai and China with representatives of more than 20 Chinese companies headed by the Chinese Consul-General to Dubai, Li Xuhang. The visitors were briefed on the experience of Dubai Customs in developing and sustaining customs systems and the international supply chain. The meeting is ...

Abu Dhabi / WAM The UAE has embraced hundreds of leading innovative ideas and projects, making it the home of all innovators and ambitious people from around the world. The UAE’s openness and tolerance, as well as its safe and stable environment and its strategic location and modern legislation, have enabled it to attract people wishing to establish their businesses ...

Bloomberg Nissan Motor Co withdrew its dividend outlook and said it’s now undecided on a payout, an unexpected blow to top shareholder Renault SA. The Japanese automaker, which slashed its profit and sales outlook for the current fiscal year to March, had already cut its dividend earlier this year. It withdrew its outlook for a 40 yen-per-share divided for the ...

Bloomberg Each year India’s rice farmers burn the stubble of the harvested crop, contributing to an annual haze that damages the health of those in and around the capital. Yet the country is producing more rice than it needs thanks to government subsidies. Guaranteed prices have encouraged farmers to grow so much rice — one of the most water-intensive crops ...