News

Bloomberg Hong Kong unveiled a plan to deal with infectious diseases after a mysterious pneumonia outbreak in the central Chinese city of Wuhan. The government classified the response level as “serious” — the second-highest scale of action in its three-tier system, with the top-most being emergency, according to the Department of Health. The public hospitals in Hong Kong have reported ...

Bloomberg Carmakers extended a streak of strong US sales by slathering on the incentives and pumping up deliveries to fleet customers in 2019, calling into question whether the companies can maintain momentum into the new decade. While industrywide deliveries exceeded 17 million for an unprecedented fifth consecutive year, sales slowed in the final months of 2019. General Motors Co and ...

Bloomberg US manufacturing closed out a tumultuous year with the weakest monthly performance since the end of the recession, with orders shrinking and factories continuing to dial back production. The Institute for Supply Management’s purchasing managers’ index fell to 47.2 in December, 2019 from 48.1, the fifth straight month of contraction and missing estimates for a rise in a Bloomberg ...

Bloomberg Constellis Holdings LLC, a security contractor backed by Apollo Global Management Inc, is in talks with creditors on a deal to restructure its $1 billion of debt, according to people with knowledge of the discussions. The firm, which has provided some security services around the US embassy complex in Iraq — the site of anti-American protests this week — ...

Bloomberg Apple Inc Chief Executive Officer Tim Cook made $125 million in the company’s 2019 fiscal year, less than the year before due in part to a lower bonus. Cook got a $3 million salary, a $7.7 million bonus and $884,466 in perks and other compensation in the latest period, the Cupertino, California-based technology giant said in a filing. The ...

Bloomberg The job market soured in the Big Apple in November, according to Labour Department data. Despite a 52,134 decline, a surge in hiring in the New York City suburbs helped the New York-Newark-Jersey City, NY-NJ-PA metropolitan area to the second-largest jobs gain in the country with a 99,400 jump. The Dallas-Fort Worth-Arlington, Texas region witnessed the nation’s largest metro-area ...

Bloomberg A group of Amazon.com Inc employees who pushed the company to combat climate change say Amazon has threatened to fire some of them if they continue to speak out about their employer’s internal affairs. Two were threatened with termination, a spokesperson for Amazon Employees for Climate Justice said, and a total of four were told in meetings that they ...

Emirates Business His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has been voted the most prominent Arab leader 2019 in a readers’ poll conducted by Russia Today TV (RT). According to the Russian state TV, 9.74 million out of total 14 million respondents chose Sheikh Mohamed ...

Bloomberg A trade deal between the US and Japan that cuts tariffs on some agricultural products and industrial goods took effect on Wednesday, with little indication the two sides would meet a pledge to soon start a new round of talks broadening the pact. Under the deal, Japan reduced tariffs on beef and additional US agricultural products to the same ...

MUKALLA / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC), provided 35,144 food parcels weighing 2,840 tonnes to the residents of Hadramaut Governorate during the Year of Tolerance 2019, benefitting 175,720 people who are members of vulnerable Yemeni families. At the end of Year of Tolerance, ERC distributed 100 food parcels weighing eight tonnes, which targeted ...