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Bloomberg If General Motors (GM) Co’s negotiations with the United Auto Workers (UAW) are any indication, Detroit’s automakers may not have a prayer in their effort to rein in rising healthcare costs. As GM was nearing the expiration of its labor contract with the union, the carmaker sought to have hourly workers pay 15 percent of their health-care costs, according ...

Bloomberg The Trump administration is optimistic about concluding a trade deal with Japan, which may be formally announced this month, said White House economic adviser Larry Kudlow. President Donald Trump and Japanese PM Shinzo Abe are scheduled to hold a one-on-one meeting on September 25 during the UN General Assembly in New York, Kudlow said. “There just might be an ...

Bloomberg Adobe Inc gave a revenue forecast for the current period that fell short of Wall Street estimates, signalling slower sales growth for its newer marketing products. Revenue will be about $2.97 billion in the period ending in November, the San Jose, California-based company said in a statement. Analysts projected $3.02 billion, according to data compiled by Bloomberg. Chief Executive ...

Bloomberg Hong Kong’s government doesn’t see any benefit in conceding to more demands from protesters and the increasingly violent demonstrations are unlikely to stop anytime soon, according to a top adviser to leader Carrie Lam. Radical demonstrators — some of whom have lobbed petrol bombs at police and vandalised subway stations in recent weeks — won’t give up their struggle ...

VIENNA / WAM The United Arab Emirates is taking part in the annual week-long General Conference of the International Atomic Energy Agency (IAEA), at the organisation’s headquarters in Vienna, Austria. The UAE delegation, led by Hamad Al Kaabi, UAE Permanent Representative to IAEA, includes various national stakeholders in the nuclear industry such as the UAE’s Federal Authority for Nuclear Regulation ...

Dubai / WAM The UAE and Saudi Arabia are leading GCC-wide online searches relating to digital security and transformation over the last 12 months, according to new results released by SEMrush, an award-winning all-in-one digital marketing suite. The back-data study covered four key strategic digital terms: ‘digital transformation’, ‘digital marketing’, ‘cyber security’ and ‘computer security’, with the significant increases in ...

Dubai / WAM Dubai Land Department (DLD), said that the real estate sector significantly contributed to GDP growth in the Emirate. The improvement in economic growth rates in the Emirate of Dubai was accompanied by an improvement in the performance of the real estate sector, according to the DLD’s ‘Annual Report: Real Estate Sector Performance 2019’. The contribution of real ...

DUBAI / WAM Dubai South is set to highlight the latest developments in the Middle East’s rapidly growing e-commerce sector at the upcoming eCommerce Expo in Olympia, London, where it will be promoting the Logistics District and its recently launched fully dedicated e-commerce free zone, EZDubai. The eCommerce Expo is scheduled take place on September 25-26 and is considered UK’s ...

Bloomberg BNP Paribas SA became the latest global firm to be dragged into the tensions roiling Hong Kong after the French lender publicly apologized for a posting on an employee’s personal social media account. The lender’s statement on its website came after an unidentified employee made remarks on Facebook about a pro-Beijing group singing the Chinese national anthem at a ...

Bloomberg An MTR Corp train derailed in Hong Kong, dealing a fresh blow for the subway operator that has become a target and battleground in the anti-Beijing demonstrations rocking the city. The incident, which occurred on Tuesday morning and injured eight people, involved three carriages that went off track and prompted the company to suspend trains running between Hung Hom ...