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Bloomberg Russia’s oil exports fell to a six-week low, reversing a previous trend and providing a sign of what’s to come as it prepares for a production cut of 500,000 barrels a day next month. Aggregate flows of Russian crude fell by 562,000 barrels a day, or 16%, in the seven days to February 10, even as exports from its ...

Bloomberg Toyota Motor Corp unveiled several changes to its senior management as Koji Sato prepares to take over as chief executive officer, seeking to improve the carmaker’s strategy and messaging in the shift to an electric future and to take on Tesla Inc. Hiroki Nakajima becomes chief technology officer and Yoichi Miyazaki will be chief financial officer from April 1, ...

  Bloomberg Singapore will be looking to win its “fair share” of investments in semiconductor assembly and integrated circuit design, a top official said, amid a growing geopolitical divide between the US and China over trade and technology. The city-state will be focussing on the semiconductor value chain of activities, Beh Swan Gin, chairman of Singapore’s Economic Development Board, said ...

Bloomberg Renault SA and Nissan Motor Co unveiled their first joint project since announcing a revamp of their carmaking alliance last week. The pair will invest $600 million in India to expand their car lineup, add jobs and decarbonise a manufacturing plant in Chennai, the companies said in a joint statement. The initiative is a key element of the operational ...

  Bloomberg Gautam Adani’s conglomerate has halved its revenue growth target and plans to hold off fresh capital expenditure, according to people familiar with the matter, as the Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short seller attack. The group will now aim for revenue growth of 15% to 20% for at least the ...

  Bloomberg The US military had never shot down an object in American airspace before taking out a Chinese balloon off South Carolina earlier this month. Now it’s becoming a near-daily occurrence. The sudden spate of US jets blasting unidentified objects of mysterious origin from the skies has provoked so much befuddlement — not to mention panic — that Pentagon ...

  Bloomberg The Philippines said China should restrict its forces to prevent committing any “provocative act” after a Chinese ship directed a military-grade laser light at a Philippine coast guard vessel in an area claimed by both nations in the South China Sea. “It is time for the Chinese government to restrain its forces so that it does not commit ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, welcomed participants at the World Government Summit (WGS) 2023, which is set to start in Dubai on February 13, under the theme of “Shaping Future Governments”. This ...

  Abu Dhabi / WAM In line with the launch of the Abu Dhabi Chamber of Commerce and Industry’s (ADCCI) new strategy for the next three years, the chamber has signed three memoranda of understanding (MoUs) with the Federal Tax Authority (FTA), the Statistics Centre – Abu Dhabi (Scad), and eBay, to support the private sector in the Emirate of ...

  Ajman / WAM The Ajman Chamber of Commerce and Industry (ACCI) has signed a joint cooperation agreement with the Emirates Vision Media Network, with the aim of launching the “Spotlight” initiative, which intended to provide promotional and marketing support for local products related to national projects in Ajman. The agreement was signed by Jamila Kajour, Director of the Ajman ...