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Bloomberg A French-US clash over digital taxation overshadowed the start of a Group of Seven (G-7) finance chiefs meeting as France refused to flinch on its levy that would hit tech giants from Facebook to Alphabet’s Google. Just before an encounter with US Treasury Secretary Steven Mnuchin at the G-7 near Paris, French Finance Minister Bruno Le Maire pledged to ...

Bloomberg Siemens AG will resume deliveries on a 6 billion-euro ($6.7 billion) high-speed train order from its biggest customer, Deutsche Bahn AG, ending a three-month freeze that followed the discovery of an equipment fault, according to a person familiar with the matter. An announcement of the resumption in the handover of its flagship ICE 4 trains to the German rail ...

Bloomberg European car registrations fell sharply in June, resuming a downward spiral this year that has seen profit warnings at German manufacturer Daimler AG and a quarterly automotive division loss at rival BMW AG. Sales dropped 7.9 percent to 1.49 million cars, the European Automobile Manufacturers’ Association said, the worst monthly decline since December. France and Spain had falls of ...

Bloomberg The Democratic-led House responded to Donald Trump’s sustained attacks on four female Democratic lawmakers by taking the extraordinary step of rebuking the president for racism. The resolution — backed by all 235 Democrats, four Republicans and one independent — accused the president of having “legitimised and increased fear and hatred of new Americans and people of colour,” a serious ...

SHARJAH / WAM Sharjah and Uganda have discussed prospects of cooperation and ways to further boost their bilateral relations in the economic and investment sector. While receiving a high-ranking Ugandan delegation led by Amongi Betty Ongom, Cabinet Minister of Lands, Housing and Urban Development, Republic of Uganda, at its headquarters, the Sharjah Chamber of Commerce and Industry (SCCI) reiterated its ...

DUBAI / WAM The Sustainable City, the Middle East’s first fully operational sustainable community, has announced its plan to reduce the consumption of single-use plastic (SUP) within the community by 90 percent as early as next year. The Sustainable City’s phase-out of single-use plastic — a significant environmental polluter with a lasting ecological footprint —will target plastic bags, straws, balloons, ...

ABU DHABI / WAM In 2018, the UAE occupied the first and second positions internationally in 47competitiveness indexes covering around 13 development sectors, reflecting its efforts to achieve comprehensive development and the UAE 2021 Vision. The UAE’s accomplishments were documented by several leading international organisations. In the labour sector, the UAE occupied the first position in the “Ease of Employment ...

ABU DHABI / WAM Abu Dhabi General Services Company, Musanada, has handed over two internal roads and infrastructure projects at Al Rahba City in Abu Dhabi at a total cost of AED453 million over approximately three million square metres. According to Musanada, execution of these projects, in collaboration with Abu Dhabi City Municipality, formed part of its efforts to realise ...

Bloomberg North Korea warned that upcoming US-South Korea military drills could jeopardise new talks, saying that President Donald Trump pledged to suspend such exercises during his last meeting with Kim Jong-un. A spokesman for North Korea’s foreign ministry told state media on Tuesday that regime was monitoring the so-called Alliance 19-2 exercises planned for next month in South Korea. The ...

Bloomberg Makan Delrahim, the US Justice Department’s antitrust chief, is trying to shape a deal combining T-Mobile US Inc and Sprint Corp that he can pitch as a win for consumers. Here’s how he may do it. If the $26.5 billion deal is approved, it’s likely to include conditions that give satellite TV provider Dish Network Corp enough airwaves, prepaid ...