News

Bloomberg German car production fell to its lowest in almost a quarter of a century as Europe’s biggest economy suffers from the fallout of a global trade war. Automakers including Volkswagen AG, BMW AG and Daimler AG produced 4.66 million vehicles in German factories last year, the weakest since 1996. The country’s VDA car lobby, which published the figures said ...

Bloomberg Uber Technologies Inc. is working on a flying car with Hyundai Motor Co., the first automaker to buy into Uber’s dream for a network of air taxis dotting the skies of major cities. The two companies outlined their partnership at the CES technology conference and plan to show off a full-scale model of the vehicle this week on the ...

Bloomberg Oil extended its gains, briefly surpassing $70 a barrel in London for the first time since September, as Middle East tensions flared after the US assassinated one of Iran’s most powerful generals. Futures rose as much as 3.1% on Monday as the US State Department warned of a “heightened risk” of missile attacks near energy facilities in Saudi Arabia. ...

ABU DHABI / WAM Etihad Airways will waive flight changes for Australian residents affected by the ongoing bushfires in the country. In a statement released on Monday, the UAE flag carrier said, “In response to the country’s devastating bushfires, Etihad Airways will waive flight change fees for Australian residents affected by this ongoing national emergency.” “The waivers will apply for ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, highlighted the developing bilateral economic ties between the UAE and the Czech Republic, supported by the mutual keenness of their leaderships to reinforce them. He made this statement while receiving Jiri Slavik, Czech Ambassador to the UAE, at the headquarters of the Ministry of Economy, in the presence ...

DUBAI / WAM A recent report has noted that the value of the Internet of Medical Things (IoMT), for the Mena region is expected to increase to $9 billion by 2022. The report was released in the run-up to Arab Health, the Mena region’s largest exhibition for healthcare and trade professionals. The exhibition will showcase the role technology has on ...

Bloomberg Gold surged to its highest since 2013 as rising tensions in the Middle East stoked demand for havens, with Goldman Sachs Group Inc. seeing more room to run. Palladium extended gains to a fresh record. Bullion neared $1,600 an ounce after Tehran said it would no longer abide by any limits on its enrichment of uranium following the killing ...

Bloomberg Boeing Co. fell in early trading on reports that the company is weighing a move to raise more debt following the grounding of its 737 Max and that the jetliner’s return to service could face further complications. While Boeing had about $20 billion in available funds at the end of the third quarter, costs stemming from the Max crisis ...

ABU DHABI / WAM In a rare comparative study, medieval knights, charging horses and courtly tales from west Asia and Europe will be displayed side by side at Louvre Abu Dhabi’s upcoming exhibition, ‘Furusiyya: The Art of Chivalry between East and West’. Taking place from February 19 to May 30, the immersive presentation will encompass over 130 artefacts, from medieval ...

DUBAI / Emirates Business With the rising popularity of vegan meals amongst its customers, Emirates is celebrating Veganuary on board by including an additional plant-based option on its menus for the month of January. While vegan meals can be pre-booked on all flights and classes, this is the first time Emirates is including a readily available vegan option on its ...