Blog List Layout

Bloomberg President Rodrigo Duterte has ordered the arrest of those involved in a dialysis treatment scam that defrauded Philippine Health Insurance Corp, and plans a revamp of the state-run insurer for losing more than $2.89 billion from fictitious claims and abuse. “I will really go after this” and “I am ordering the National Bureau of Investigation” to take over, invite ...

Bloomberg Blackstone Group LP plans to pool 6 billion euros ($6.8 billion) of its smaller European warehouse investments in a new company that will ultimately be publicly listed or sold. The private-equity giant is in the process of hiring an executive to run the company, which will manage its holdings of logistics properties close to towns and cities, according to ...

Bloomberg UK manufacturing slumped in April as the boost from Brexit stockpiling evaporated and car factories halted work, boding ill for the economy in the second quarter, figures on Monday are expected to show. Production fell by 1.4 percent from March, the biggest decline since the start of 2017, according to a Bloomberg survey. With little support from construction and ...

Bloomberg Ford Motor Co. is planning to close a UK engine factory as the last major step in an overhaul of its unprofitable European operations. The Bridgend, South Wales plant, which employs about 1,700 workers, builds engines for several Ford models in Europe, including the Fiesta and B-Max. Its future became uncertain 18 months ago when Jaguar Land Rover said ...

Bloomberg Boris Johnson ramped up his campaign to become Britain’s next prime minister, vowing to take the country out of the European Union with or without a deal on October 31 and promising to hold onto money owed to the bloc until terms of the divorce become more favorable to the UK. In an interview with the Sunday Times, Johnson ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and President of the University of Sharjah (UoS), affirmed that the students are the pillar and foundation of the University of Sharjah for whom the university exploits all its potential and energies to build them scientifically and behaviourally. Sheikh Sultan’s remarks ...

Dubai / Emirates Business Emirates NBD, a leading financial institution in the region, is celebrating World Ocean Day this year by highlighting its commitment to preserving marine biodiversity, under the bank’s Keep the Creek Clean marine conservation programme. The Keep the Creek Clean initiative was introduced by Emirates NBD Private Banking in 2018, with the goal of helping preserve and ...

Sharjah / WAM For the sixth year in a row, the Sharjah Chamber of Commerce & Industry (SCCI) is gearing up to participate in the 11th edition of the World Chambers Congress (WCC) of the International Chamber of Commerce. Under the theme “Creating a Shared Future”, the three-day event will be held in Rio De Janeiro, Brazil on June 12-14 ...

Abu Dhabi / WAM Over 407 million drops of polio vaccine have been delivered to more than 71 million Pakistani children as part of the Emirates Polio Campaign implemented in the Islamic Republic of Pakistan since 2014 till the end of April 2019, the UAE-Pakistan Assistance Programme (UAEPAP) has announced. The aid comes in line with the directives of President ...

Bloomberg Excluding China’s Huawei Technologies Co and ZTE Corp from the next generation of mobile networks would lumber European phone companies with 55 billion euros ($62 billion) in extra costs, the wireless industry’s main lobby group said. A global ban advocated by US President Donald Trump would also delay the rollout of the high-speed 5G networks by at least 18 ...