Blog List Layout

Bloomberg PG&E Corp, the California utility giant facing billions of dollars in wildfire liabilities, may notify employees as soon as Monday that it’s preparing a potential bankruptcy filing, according to people familiar with the situation. The San Francisco-based utility owner is planning to send the notice to fulfill a state law that requires the company to alert workers at least ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday received General Austin Scott Miller, Commander of Nato’s Resolute Support Mission and US Forces-Afghanistan. During the meeting, held in Al Shati Palace, they discussed cooperation and joint coordination between the two sides ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai visited the Dubai Future Foundation on Saturday and was briefed on the development of work at various projects undertaken by the foundation. Sheikh Mohammed toured Area 2071, which is designed as a collaborative innovation hub that brings ...

Abu Dhabi / WAM A relentless focus on operational efficiency, while balancing market conditions with long-term future growth, requires a careful, calibrated and agile response from the oil and gas industry, according to Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc). Speaking at the third Atlantic Council Global ...

DUBAI / WAM Emirates announced adjustments to its operational schedules in 2019 to minimise the impact of the closure of Dubai International Airport’s Southern Runway between April 16 and May 30, and to respond to global travel demand trends. Sir Tim Clark, President Emirates Airline, said, “The changes we are implementing to our network schedules in 2019 are in line ...

Bloomberg The US hasn’t begun withdrawing troops from Syria, the Pentagon said in the military’s most extensive comments yet as questions about President Donald Trump’s timeline and strategy for pulling troops from the eight-year conflict there continue to fuel confusion. “We have taken a number of logistical measures to support an ordered withdrawal,” Commander Sean Robertson, a Defense Department spokesman, ...

Bloomberg Infosys Ltd, Asia’s second-largest software exporter by value, raised its sales forecast for the year ending March citing a “healthy pipeline” of orders. Bangalore, India-based Infosys predicts revenue will expand as much as 9 percent from an earlier target of 8 percent. Chief Executive Officer Salil Parekh expects a revival in the company’s financial services business, and its ability ...

Bloomberg Japanese Olympic Committee President Tsunekazu Takeda was charged as part of a French corruption probe into the awarding of the 2020 Olympic Games to Tokyo, a person familiar with the matter said. Takeda, however, insisted that he hadn’t been indicted. The charges against Takeda, who led Tokyo’s successful bid, were filed on December 10, said the person, asking not ...

Bloomberg Some of Britain’s largest and most storied manufacturers are making a last-ditch plea to lawmakers to avoid a disorderly retreat from the European Union with stark warnings of production grinding to a halt and political inertia hurting their business. Ultra-luxury carmaker Rolls-Royce said its factory in southern England risks being paralysed in the event of a hard Brexit if ...

Bloomberg When CBS Corp board members go to Los Angeles for their January 31 meeting, they’ll have more on the agenda than just a tour of the local TV studios. The 11-member panel is expected to discuss both the hunt for a permanent chief executive officer and the possibility of a merger with Viacom Inc, according to people familiar with ...