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Bloomberg Volkswagen AG has postponed the resumption of production at its China joint ventures, in the latest sign of the coronavirus’s impact on economic activity. The carmaker cited limited travel options for its employees and said in a statement that its own supply chains were in the early stages of re-starting after production stopped for national holidays at the end ...

Bloomberg Secretary of State Michael Pompeo delivered a tough warning about China in a speech to US governors, urging caution in business dealings as Beijing looks for ways to exploit US vulnerabilities and expands repression at home. He had a pointed message for certain US state pension funds that may be investing in ways that help China’s government crack down ...

Bloomberg Facebook Inc pledged to improve security protocols to resolve a lawsuit blaming the company for a 2018 data breach that exposed personal data of 29 million users. The company will check more frequently for suspicious patterns of user activity involving access tokens, the key cards that allow users to access their accounts, among other measures outlined in a proposal ...

Bloomberg UK Prime Minister Boris Johnson plans to announce a boost in infrastructure spending focused on northern England, seeking to make good on campaign pledges made before he led his Conservatives to a landslide victory in December’s general election. The programme will include 40 million pounds ($52 million) for 5G wireless networks in rural areas and investment in mass transit, ...

Bloomberg Oil declined for the fifth straight week as the spreading coronavirus clouded the demand outlook and Opec awaited Russia’s decision on whether to cut production. Futures in New York fell 2.4% for the week, posting the longest weekly losing streak since 2018. Chinese refiners are processing 15% less crude than before the outbreak as the infection crimps demand. Meanwhile, ...

ADDIS ABABA / WAM Sanad Aerotech (Sanad), the leading provider of aircraft engine maintenance, repair and overhaul (MRO), solutions and part of Sanad – a wholly owned subsidiary of Mubadala Investment Company, elevated its business expansion ambitions in Africa by signing a landmark agreement with Ethiopian Airlines, the continent’s fastest growing airline and one of the reputed aviation brands in the ...

AMMAN / WAM The Palestinian cause is still an issue that is central to the UAE’s foreign policy, said Saqr Ghobash, Speaker of the Federal National Council (FNC). Ghobash made the remarks while addressing the 30th extraordinary meeting of the Arab Inter-Parliamentary Union (APU), in the Jordanian capital Amman on Saturday to discuss means of supporting the Palestinian brethren in ...

Bloomberg An attacker using military-style weapons killed at least 17 people in Thailand and appeared to livestream the assault on Facebook. Many others were injured in the incident on Saturday and the assailant remains at large. The shooting took place in Korat in Nakhon Ratchasima province of Bangkok. The attacker targeted Korat’s city center, including the Terminal 21 shopping mall, ...

DUBAI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Saturday announced that a giant gas turbine, the biggest in the UAE, has been moved by road from DP World’s Jebel Ali port and installed at EGA’s Jebel Ali site in a carefully-planned overnight operation. The Siemens H-class gas ...

DUBAI / WAM The number of riders using public transport and shared mobility means in Dubai has clocked 594 million riders in 2019; reflecting an increase over the ridership recorded by the end of 2018; which was 589 million. Such transit means comprise the metro, tram, public buses, marine transport (abra, ferry, water taxi, water bus), e-hail vehicles, smart car ...