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Bloomberg South Korea unveiled plans to speed up the adoption of electric cars, self-driving vehicles and even flying automobiles in the coming years to help revive a sagging economy. President Moon Jae-in said in a speech on Tuesday Korean companies will invest 60 trillion won ($50 billion) over the next decade into the future of transportation. The government will spend ...

Bloomberg An insolvency case in a remote city on the Tibetan Plateau shows how in China, most outcomes are better than getting booted out of the stock market. A local court in Qinghai — a huge and sparsely-populated province that’s home to the country’s largest lake — threw a lifeline to Qinghai Salt Lake Industry Co when it accepted a ...

Bloomberg UK carmakers, already reeling from more than 500 million pounds ($628 million) in costs to prepare for Brexit, made an eleventh-hour call on the government to strike a deal with the European Union to safeguard the future of the industry. Crashing out of the EU would threaten jobs and the sector’s long-term survival, the Society for Motor Manufacturers and ...

Bloomberg Investor confidence in Germany’s economic outlook remained weak in the latest sign of concern that the nation has slipped into a recession amid trade tensions. ZEW’s index of expectations for the next six months declined to minus 22.8, compared with minus 22.5 last month. Measures of current conditions in Germany and of expectations for the euro zone both worsened. ...

Bloomberg Apple Inc is planning to bring 5G to the iPhone next fall, more than a year behind some rivals. The company can ill afford to let the timing slip. Apple’s most recent iPhone launch focussed on camera improvements, and there was no mention of 5G, the latest, fastest wireless standard. Meanwhile, at least 20 5G smartphones are being rolled ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees of Dubai Future Foundation, on Monday received the UAE team participating in the 2019 FIRST Global DXB Challenge robotics event. Dubai Future Foundation is organising the event under the theme ‘Ocean Opportunities’. To be held for ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Denis Manturov, Russian Minister of Industry and Trade, co-chaired the 9th meeting of the UAE-Russia Joint Committee, which held in Abu Dhabi on Sunday. Addressing the meeting, HH Sheikh Abdullah stated that the meeting is complementing the works of previous ...

Aden / WAM The UAE is continuing to support Yemenis, under the framework of its humanitarian mission to ease their suffering and improve their living conditions, through reinforcing service sectors in the country’s liberated governorates, especially the education sector. The Emirates Red Crescent (ERC), inaugurated Has-Hasa Elementary School in Al Saeed District, Shabwa, with the attendance of Ali Naasan, Director ...

ABU DHABI / WAM Mohammed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism in Abu Dhabi, stated that the visit of Vladimir Putin, President of Russia, to the UAE is taking place during a historic period when the bilateral ties between the UAE and Russia have witnessed significant progress. Speaking to the Emirates News Agency (WAM), Al ...

Bloomberg Syrian government forces pushed closer to the Turkish border after striking a deal with Kurdish fighters, as Washington’s decision to abandon its allies reverberated on the battlefield. Turkish President Recep Tayyip Erdogan says his offensive into Syria is necessary to push back Kurdish militants and resettle refugees, but the rapid advance has drawn international condemnation, accusations of war crimes ...