News

Dubai / WAM The UAE Ministry of Economy has announced that the 10th edition of the Annual Investment Meeting (AIM), will be held from March 24-26, 2020, in Dubai. The tenth edition is themed, ‘Investing for the Future: Shaping the Global Investment Strategies’, and will highlight the shifting global investment landscape. Praising the expanded network of AIM 2020, Abdullah Al ...

ABU DHABI / WAM The Sheikh Zayed Book Award organised a panel discussion in Moscow to highlight the pivotal cultural role of the Russian-Emirati cultural dialogue. Held at the Ritz-Carlton, Moscow, the Arab-Russian Cultural Dialogue event further aimed to introduce Russian audiences to Sheikh Zayed Book Award initiatives and attract further nominations to its annual award. Maadhad Hareb Al Khaili, ...

Bloomberg US lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax breaks in last-minute negotiations over a government spending bill. The talks are focussed on reinstating the so-called tax extenders, a move that could be a boon to the biofuel and short-line railroad industries that were hoping to see renewal of valuable ...

Bloomberg The US Justice Department is readying a lawsuit against Live Nation Entertainment Inc over alleged violations of conditions imposed on the company by regulators when it bought Ticketmaster nearly a decade ago, according to a person familiar with the matter. The department’s antitrust division approved the merger in 2010 after imposing a host of rules that that were intended ...

Bloomberg Mercedes-Benz is putting off the US debut of its first electric vehicle by a year in the latest sign of just how difficult a time automakers are having replicating Tesla Inc’s success. Daimler AG’s luxury brand will start sales of the EQC crossover in 2021 rather than early next year. The German carmaker said in an emailed statement that ...

Bloomberg Jingye Group Co’s planned acquisition of the assets of troubled steelmaker British Steel is at risk of falling through, the Sunday Telegraph reported. Discussions with the Chinese steel conglomerate are under threat as a deadline to finalise the terms nears, the newspaper said, citing unidentified sources. Officials and accountants are in informal talks with alternate buyers, the Telegraph added. ...

Bloomberg Each morning, workers at Google get an internal newsletter called the “Daily Insider.” Kent Walker, Google’s top lawyer, set off a firestorm when he argued in the November 14 edition that the 21-year old company had outgrown its policy of allowing workers to access nearly any internal document. “When we were smaller, we all worked as one team, on ...

Bloomberg Malaysia, the world’s second-largest grower of palm oil, plans to publish concession maps and make them accessible to the public, according to the Malaysian Palm Oil Certification Council. The group, also known as MPOCC, said it aims to achieve 100% traceability at the farm level via the Malaysian Sustainable Palm Oil certification scheme — or MSPO — by 2025, ...

Bloomberg Indonesia has taken legal action against the European Union (EU) over stricter limits on how palm oil can be used in green fuels, marking a further deepening in trade tensions. The nation filed a lawsuit with the World Trade Organization on December 9 alleging discrimination against Indonesian palm-oil exports, the trade ministry said. Indonesia, the world’s biggest producer of ...

Bloomberg China plans to target economic growth of around 6% in 2020, at the low end of this year’s range of 6% to 6.5%, Reuters reported, citing policy sources. To cushion a sharper slowdown, the state also plans to spend more on infrastructure by allowing local governments to issue more special bonds next year, Reuters said. The proposed target to ...