Blog List Layout

Bloomberg US factory activity unexpectedly contracted in August for the first time in three years as shrinking orders, production and hiring pushed a widely followed measure of manufacturing to its lowest level since January 2016. The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released ...

Bloomberg The contraction in the UK construction industry gathered pace in August as increased political uncertainty saw new orders fall at fastest pace in more than ten years. The sector shrank for a fourth-straight month as business optimism slipped to the lowest since the depths of the financial crisis in 2008, according to IHS Markit. The figures follow similarly disappointing ...

Bloomberg Talks between the economy ministers of Japan and France to strengthen the partnership between Nissan Motor Co and Renault SA are the latest sign that the two sides are working toward resolving a dispute between the carmakers. Hiroshige Seko, the economy and trade minister of Japan, and Bruno Le Maire, the French Finance Minister, reaffirmed their support for the ...

Bloomberg Huawei Technologies Co lashed out at the US government on Tuesday, accusing Washington of orchestrating a campaign to intimidate its employees and launching cyber-attacks to infiltrate its internal network. China’s largest technology company claimed the American government had instructed law enforcement agencies to threaten and attempt to manipulate its employees. Huawei also accused the US of launching attacks against ...

Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), the inaugural edition of EuroTier Middle East, the world’s leading trade show for animal husbandry and livestock management, kicked off on Monday at the Abu Dhabi ...

ABU DHABI / wam Two new UAE Ambassadors to brotherly and friendly countries were sworn in on Monday before His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, at Qasr Al Watan (Al Watan Palace) in Abu Dhabi. Ibrahim Salem Mohammed Al Mashrekh and Saeed Mohamed Murshid Al Maqbali were ...

DUBAI / WAM Dubai Land Department (DLD), and BSA Ahmad Bin Hezeem & Associates LLP have subscribed to the Real Estate Lawyer (REL), an initiative launched to streamline Dubai’s real estate sector processes. DLD and BSA signed a Memorandum of Understanding (MoU) to promote foreign and local investment opportunities in Dubai through an innovative framework that will boost transparency and ...

Dubai / WAM Further cementing its position as a future hub for global innovation when its doors open on 20th October 2020, Expo 2020 Dubai will host a series of 10 medical conferences and specialised events at the co-located Dubai Exhibition Centre, DEC, in a move that looks to foster cutting-edge healthcare innovations and grow the UAE’s knowledge-based economy. The ...

Bloomberg Manufacturing across vast parts of Europe and Asia remain deeply mired in a crisis that took another turn for the worse over the weekend. One day after the US and China enacted new tariffs on each other’s imports, factories from Germany and Italy to Japan, South Korea and Taiwan sent a gloomy reminder that they are suffering badly from ...

Bloomberg Singapore needs to remain open to skilled foreign workers, especially in the technology sector, in order to ensure the economy stays a globally competitive one, the nation’s trade minister said. The city-state can’t afford to take an “inward-looking, protectionist approach” like some countries that have put up barriers to protect local industries and workers, Minister for Trade & Industry ...