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Bloomberg Nissan Motor Co’s credit standing took another hit, as S&P Global Ratings placed the automaker’s rating on negative watch after it issued a weaker profit outlook last week. There is a more than one-in-three chance of a further delay in Nissan’s profit recovery, said the rating agency, which in February lowered the company’s long-term issuer credit rating for the ...

Bloomberg First, states across the US ordered utilities to clean up ponds full of toxic coal waste. Now, they’re balking at how much companies want to charge for the work. Officials from Virginia to North Carolina to South Carolina are pushing back on utilities’ plans to charge customers for the costs of shuttering coal-ash ponds, long the primary way of ...

Bloomberg National Grid Plc shares dropped the most in more than a month after it unveiled a decline in adjusted operating profit as the UK network operator rebuffed proposals to nationalise energy assets. The nationalisation proposals “are only going to cause a huge amount of disruption,” Chief Executive Officer John Pettigrew said in an interview. It’s “the last thing you ...

Bloomberg For London office developers at least, the Brexit waiting game is over. Developers mostly steered clear of doing new projects on spec in the political upheaval that followed the UK’s 2016 vote to leave the European Union. Now the surprising resilience of London’s office market, highlighted by technology giants like Alphabet Inc. committing to open new bases in the ...

Bloomberg The Palestinian Authority said it will boycott a conference launching the Trump administration’s Middle East peace plan because it’s focused on economic issues rather than the political disputes at the heart of the conflict with Israel. The White House announced that it will hold a conference in Bahrain next month to promote economic development in the Palestinian territories as ...

Dubai / WAM Etihad Credit Insurance has signed a Memorandum of Understanding with Abu Dhabi Commercial Bank (ADCB), to offer efficient customer service and innovative solutions that will help public institutions and local businesses raise their business profile thereby helping them cement their presence regionally as well as internationally. This alliance which focuses on encouraging and boosting UAE businesses by ...

Al Ain / Emirates Business Strata Manufacturing (Strata), the advanced composite aero structures manufacturing company wholly-owned by Mubadala Investment Company PJSC, has extended its agreement with Pilatus Aircraft Ltd to cover a new composite work package for the PC-24, a twin-engine business jet. The new agreement will see Strata manufacture PC-24 flap track fairings and comes exactly a year after ...

Abu Dhabi / Emirates Business Jubail Island Investment Company (JIIC) announced the appointment of Gulf Contractors Company (GCC) to commence enabling works for the AED5 billion Jubail Island that was recently launched in Abu Dhabi. Enabling works are scheduled for completion in January 2020. Enabling works are generally associated with large-scale land development projects and entail major earthworks and grading ...

Dubai / WAM Dubai’s unemployment rate reached 0.5 per cent last year, while the refined economic participation rate as a percentage of total working-age population reached 83.2 percent, according to the Labour Force Survey 2018 published by Dubai Statistics Center. Arif Al Mehairi, Executive Director of Dubai Statistics Center, said: “The results of the Labour Force Survey 2018 illustrate the ...

Bloomberg Huawei Technologies Co has stockpiled enough chips and other vital components to keep its business running for at least three months as the US curtails its access to American technology, people familiar with the matter said. The Trump administration blacklisted China’s largest tech company — which it accuses of aiding Beijing in espionage — threatening to cut off the ...