Blog List Layout

Bloomberg Companies facing the potential threat of tariffs and other trade barriers after Brexit are stepping up contingency planning, with some retailers creating new sites in continental Europe to avoid snags. US pharmaceutical giant Merck & Co. is planning for the possibility of a temporary supply blackout when the UK leaves the European Union and may stockpile as much as ...

Bloomberg California and the auto industry mostly agree that the state should maintain a role in setting vehicle emissions standards despite Trump admin- istration efforts to curb its authority, according to the head of the California Air Resources Board. “We are now, I think it is fair to say, in a confusing situation,” Mary Nichols said at the Edison Electric ...

Bloomberg US job growth in May vaulted payroll gains above 1 million in 2018, reaching the milestone a month earlier than in the past two years. Whether the labor market can maintain such a breakneck pace amid a diminishing pool of skilled workers is another question. Employers added 223,000 jobs last month, more than forecast and bringing payroll gains for ...

Bloomberg Prime Minister Shinzo Abe has plenty to worry about ahead of Donald Trump’s meeting with Kim Jong-un next week, including the prospect of a deal that undermines Japan’s six-decade security alliance with the US and leaves the island nation vulnerable to attack. But it’s another issue that will top Abe’s agenda when he meets Trump at the White House ...

Dubai / Emirates Business Continuing its work with the international maritime and arbitration communities, the Emirates Maritime Arbitration Centre (EMAC) sponsored and attended the Posidonia, The International Shipping Exhibition in Greece this year. Posidonia is a must-attend event for all maritime concerns, attracting over 10,000 visitors from the international shipping community. This international exhibition began in 1969 and ever since ...

DUBAI / Emirates Business Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, launched the second edition of its Market Access programme, which aims to enhance cooperation and facilitate deals between innovative startups (SMEs), leading companies and government entities in Dubai. Startups and SMEs are invited to submit innovative ideas and solutions that solve key challenges faced ...

Dubai / WAM Dubai has ranked first in the Arab world in terms of government budget (as percentage of GDP), while globally the emirate ranked seventh in government efficiency and third in public finance, according to the Competitiveness Report 2018 issued by the International Competitiveness Centre of the International Institute for Management Development (IMD) based in Lausanne, Switzerland. Commenting on the ...

Abu Dhabi / WAM The Abu Dhabi City Municipality (ADM), launched a new drive as part of its initiatives for the Year of Zayed whereby readymade engineering designs of annexes to residential land plots will be offered. These models will be provided at reduced rates; which will slash the financial costs of such operations when undertaken through normal channels. The ...

Bloomberg India’s Tata Consultancy Services Ltd. is bunching the 477 billion rupees ($7.1 billion) of its cash reserves in short and long-tenure securities to balance its need for easy liquidity with safety as it looks to make significant payouts to shareholders each year. Asia’s largest software services provider invested about 53 percent of its reserves in government securities as of ...

Bloomberg China is expanding efforts to keep its most promising companies from going public in Hong Kong or the US, with officials studying a new trading venue in Shanghai that would have lower thresholds for biotechnology and high-tech firms, people with knowledge of the matter said. Government entities including the China Securities Regulatory Commission and Ministry of Science and Technology ...