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Bloomberg Porsche is intensifying its battle against Tesla with the unveiling of $116,590 version of the electric Taycan that’s pitched at a similar price point to the top-line version of the US company’s Model S. The entry-level Taycan 4S is available for pre-orders now and will enter showrooms in early January, the Volkswagen AG brand said. The model follows Porsche’s ...

Bloomberg Volkswagen AG’s plan to review options for its Lamborghini supercar division marks a further step in Chief Executive Officer Herbert Diess’s campaign to transform the world’s biggest automaker and more than double its market value. The German manufacturer is weighing a potential sale or stock listing for the Italian brand, according to people familiar with the matter, as Diess ...

Dubai / WAM Dubai Customs on Sunday launched the World Logistics Passport, as part of the first phase of the Dubai Silk Road strategy, to help boost the role of the Dubai Silk Road and expand demand for Dubai’s products, services and integrated transportation systems. The unique initiative will also further augment the growing role played by Dubai Customs in ...

Dubai / WAM The world’s watch industry is set to converge on Dubai for the fourth edition of Dubai Watch Week, the global event celebrating the art of horology, scheduled to take place from November 20-24. The biennial platform, dedicated to uniting and growing the global watch community for the preservation and transmission of horological knowledge, is set to unveil ...

ABU DHABI / WAM Hazza Al Mansoori, the UAE’s first astronaut, said he was pleased with the historic achievement made for the UAE and the Arabic world after reaching the International Space Station (ISS). Addressing the media shortly after his return to the UAE, along with backup astronaut, Sultan Al Neyadi, Al Mansoori said: “”When I saw HH Sheikh Mohamed ...

Dubai / WAM The 5th edition of Breakbulk Middle East, a platform for exhibitors to display their innovative endeavours and industry-enhancing initiatives will be held from February 25-26, 2020, in Dubai to emphasise the effective use of technology to promote the sector. Speaking on the addition of “Breakbulk AR” at next year’s event, Dr Abdullah bin Mohammed Belhaif Al Nuaimi, ...

Bloomberg President Donald Trump has directed a deliberate withdrawal of US troops from northern Syria in advance of an expected increase in military action in the region, to keep them out of harm’s way, US Secretary of Defense Mark Esper said. Meanwhile, Treasury Secretary Steven Mnuchin reiterated a US threat to damage Turkey’s economy via sanctions if Ankara does anything ...

Bloomberg As others automakers plan battery-powered SUVs and trucks, Toyota Motor Corp’s vision for the future of driving remains a hydrogen-sipping sedan. The Japanese behemoth will begin sales late next year of the second-generation Mirai, its fuel cell-powered four-door, and ramp up annual production by 10-fold from the current model. Toyota’s bet that it can position a hydrogen sedan for ...

Bloomberg Indian companies struggling to tackle false information and speculation doing the rounds on WhatsApp and other social media sites are finally seeking help from the authorities. Yes Bank Ltd this month registered a police complaint against what it said was “fake news” about its financial health “to create panic and fear in the mind of its depositors.” Piramal Enterprises ...

Bloomberg The Irish border issue isn’t the only Brexit-induced headache the island is facing. How to keep the lights on in the long term is also far from resolved. Weeks before the UK is due to leave the European Union, questions remain over trading agreements and Ireland’s 12-year-old single electricity market, known as the SEM. While nobody thinks there will ...