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Brexit talks at standoff as Tusk sets ‘ultimatum’

Bloomberg UK Prime Minister Theresa May is stuck in a Brexit stand-off as European leaders set her a deadl- ine to give ground on the exit bill and the future of the Irish border if talks are to move on to trade before next year. “I made clear to Theresa May that this progress needs to happen at the beginning ...

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Mohamed, WHO head discuss ways to enhance health sector

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 Wednesday received Dr Tedros Adhanom Ghebreyesus, Director-General of the World Health Organisation (WHO). His Highness Sheikh Mohamed bin Zayed and the WHO official discussed cooperation between the UAE and the organisation as part ...

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Bill Gates awarded Order of Unity

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has conferred the Order of Unity on Bill Gates, Co-chair of the Bill and Melinda Gates Foundation, for his substantial efforts in humanitarian work and initiatives across the world. While presenting the order to Bill Gates, during the international health forum, “Reaching the Last Mile – Mobilising ...

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VP, Nepal president discuss bilateral ties

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Wednesday received Bidhya Devi Bhandari, President of Nepal, and her delegation. His Highness Sheikh Mohammed bin Rashid welcomed the Nepalese President and discussed bilateral relations and means of enhancing them by opening new channels of economic, tourism and ...

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Miral embarks on Yas Island digital transformation plan

Abu Dhabi / Emirates Business Abu Dhabi-based developer, Miral, has embarked on a major digital transformation project to create a seamlessly connected destination of world-class theme parks and attractions on Yas Island. Advancing Miral’s vision to create unique and immersive experiences, the project will take visitors on a highly personalized digital journey, enhancing Yas Island’s destination appeal to global leisure ...

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Trump’s trade barbs push Asian nations closer to China’s orbit

Bloomberg For years, smaller nations in Asia have looked to the US to provide a counterweight to an increasingly powerful China. Under President Donald Trump, they are learning to fend for themselves. Trump declared his 12-day swing through Asia a success before heading home, saying that “all Countries dealing with us on TRADE know that the rules have changed.” On ...

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FDA warns Indian pharma Lupin on quality violations

Bloomberg Lupin Ltd., which makes generic antibiotics, antidepressants and heart medications for sale in the US, was warned by the Food and Drug Administration for repeatedly ignoring tests showing that pills made at two of its facilities didn’t meet quality standards. In 2015 and 2016, the FDA found 134 instances when drugs or active ingredients failed initial testing but the ...

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AT&T engages Washington firepower with its megadeal

Bloomberg AT&T Inc.’s $85.4 billion bid for entertainment titan Time Warner Inc. is where few imagined it would end up—hurtling towards a make-or-break moment in Washington with a pro-business Republican administration that shows signs it may reject the deal. Dallas-based AT&T is fighting an increasingly public battle with Justice Department antitrust officials, who have questioned whether the combined company would ...

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Nike knocked by unions ‘tax avoidance’ strategies

Bloomberg Nike Inc., which was cited in the so-called Paradise Papers for funneling billions of dollars into offshore tax havens, is now facing a push by organised labour to stop the practice. The AFL-CIO, a federation of 56 unions that represent 12.5 million workers, said it sent a shareholder proposal to the company. The document asks the world’s largest sports ...

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BMW dumps coal in pledge for 100 percent green power

Bloomberg BMW AG’s plan to switch exclusively to green electricity finds it tapping some unusual power sources, including a South African biomass plant that runs on cow dung and chicken droppings. The arrangement is part of the carmaker’s bid to shift all its external power purchases to renewables by 2020, up from 63 percent last year, head of procurement Markus ...

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