News

Bloomberg President Donald Trump and his top advisers want global markets and the American public to believe that the coronavirus poses little risk to the US But the US Centres for Disease Control (CDC) and Prevention is saying just the opposite — warning that the virus’s spread in America is inevitable and could bring significant disruption to the world’s largest ...

Bloomberg The European Union’s (EU) chief Brexit negotiator, Michel Barnier, handed British Prime Minister Boris Johnson an ultimatum, warning there will be no trade deal unless the UK agrees to the bloc’s demands on fair competition and fishing. “The trade deal will be associated with a fisheries agreement and a level playing field, otherwise there won’t be any agreement at ...

Bloomberg Tesla Inc and Panasonic Corp plan to end their partnership in producing solar cells for rooftops at a facility in Buffalo, New York, according to people familiar with the matter. Panasonic is withdrawing from the venture as part of the company’s broader recent move to curtail money-losing businesses, one of the people said, asking not to be named because ...

Bloomberg Around 700 guests remained confined to their Canary Islands hotel on Wednesday as Spain stepped up efforts to contain the spread of the coronavirus and Italy and other European nations were on high alert. The number of infections in Tenerife has risen to four after two more Italians at the hotel, the H10 Costa Adeje Palace, were found to ...

Bloomberg Facebook Inc said it has acquired development studio Sanzaru Games to join the Oculus gaming group inside its virtual-reality division. Sanzaru has produced a number of games, including from the Sonic the Hedgehog and Marvel Studios franchises, according to its website. The studio’s most popular VR game, Asgard’s Wrath, was highly reviewed at the time of its release in ...

Bloomberg American Axle & Manufacturing Holdings Inc, a supplier that derives three quarters of its sales from trucks and SUVs, knows the times are a-changing for the auto industry: going electric is the way of the future But almost all battery-powered models have been slow off the blocks, sales-wise. Take Jaguar’s I-Pace for example. American Axle supplies the electric drive ...

Agencies President His Highness Sheikh Khalifa bin Zayed Al Nahyan, sent a cable of condolences to President of Arab Republic of Egypt, Abdel Fattah el-Sisi on the death of the former Egyptian President, Hosni Mubarak. In the cable, His Highness Sheikh Khalifa expressed his heartfelt condolences and solace on the death of Hosni Mubarak. His Highness Sheikh Mohammed bin Rashid ...

ABU DHABI / WAM The UAE has been named the Middle East’s highest ranked soft power nation in Brand Finance’s ‘Global Soft Power Index 2020’. According to Brand Finance, the UAE is in 18th position worldwide in the index and has received a soft power score of 45.9 out of 100. “The UAE’s main soft power strength is its appealing ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added), and the Abu Dhabi National Oil Company (Adnoc), on Tuesday signed a Memorandum of Understanding (MoU), to enhance cooperation and drive in-country value (ICV), for Abu Dhabi following the success of Adnoc’s ICV programme. Under the terms of the agreement, Added will integrate and standardise Adnoc’s ICV certification ...

ABU DHABI / WAM The UAE’s General Civil Aviation Authority (GCAA) announced the suspension of all flights arriving to and departing from Iran, effective immediately. According to the GCAA, all passenger and cargo aircraft traveling to and from Iran will be suspended for a period of one week, and could be up for extension. The decision is a precautionary measure ...