Blog List Layout

Bloomberg Ford Motor Co agreed to move most of its assets in India into a joint venture with a local partner after struggling for more than two decades to win over buyers in the world’s fourth-largest auto market. The deal effectively ends Ford’s independent operations in a country it wanted to become one of its top three markets by 2020. ...

Bloomberg WeWork named a new head of its Japanese operations, replacing a company veteran with close ties to former Chief Executive Officer Adam Neumann. Kazuyuki Sasaki, the former managing director of WeWork Japan, has been named its new CEO, the company said in a statement on Wednesday. Sasaki replaces Chris Hill, who has headed Japan operations since their start in ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the new vision of Dubai Culture, which outlines a comprehensive roadmap to consolidate Dubai’s stature as a global destination for culture, innovation and talent. His Highness Sheikh Mohammed approved the new vision during a visit to ...

Dubai / WAM The Abu Dhabi Department of Transport (DoT) on Tuesday announced that Etihad Rail has become the Premier sponsor of the 2019 World Road Congress. Taking place at the Abu Dhabi National Exhibition Centre (Adnec) between October 6-10, the prestigious global event is held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince ...

Dubai / WAM Bilateral trade between the Emirate of Dubai and the United States of America has risen 76 percent in a decade, said the Director-General of Dubai Customs, Ahmed Mahboob Musabih. Musabih’s remarks were made during a meeting between Sultan bin Sulayem, DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation, PCFC, and ...

Dubai / Emirates Business Often called the city of the future, Dubai has become synonymous with innovation and future-proofing its tourism linked economy. Dubai continues to spearhead sustainability initiatives, cultivating a key pillar within its tourism infrastructure by positioning Dubai as a world leading sustainable tourism destination and commercial hub. Such measures and initiatives remain at the forefront of the ...

Bloomberg A century ago, Indian Motorcycles were the brand of choice for Japan’s police. They were called “aka-bai” — or red bikes — because of their color. Now, the maker of big American two-wheelers is seeking to recapture some of that glory with a brand relaunch. Recreational vehicle maker Polaris Inc, which makes and sells Indian bikes, is betting that ...

Bloomberg Japan is delaying export approval of a material vital to South Korea’s semiconductor manufacturing industry, Korea’s trade ministry said in a statement, as the trade fight between the neighboring countries shows no signs of abating. The trade ministry issued a statement saying Japan has not approved the export of liquid hydrogen fluoride — a highly purified chemical used to ...

Bloomberg Big tech firms are about to face yet another congressional headache. House Small Business Committee Chairwoman Nydia Velazquez plans to invite Amazon.com Inc, Alphabet Inc’s Google and Facebook Inc to face questions from her committee on how the companies may be damaging the competitive landscape for small businesses. The hearing, which the committee hopes to hold in late October ...

Bloomberg Airbnb Inc’s long-awaited Wall Street debut is officially earmarked for 2020, but the home-share startup is charting an unconventional path to the public markets. San Francisco-based Airbnb is laying the groundwork for a direct listing rather than an initial public offering, according to people familiar with the matter who asked not to be named discussing private information. Airbnb declined ...