Dubai / Emirates Business Dubai Chamber of Commerce and Industry hosted a high-level business delegation from Europe which is currently visiting the UAE to explore business opportunities in key sectors and fields related to Expo 2020, including food and beverage, healthcare, ICT, energy, environment, construction and circular economy. As part of the visit, Dubai Chamber facilitated nearly 300 business matching ...
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Pompeo starts European visit with focus on looming tariffs
Bloomberg Secretary of State Michael Pompeo kicked off a visit to Europe with talks that focussed on Italian concerns at the prospect of new US tariffs, just as the top American diplomat was drawn deeper into an impeachment inquiry into President Donald Trump. Pompeo met with Italian Prime Minister Giuseppe Conte at his official residence in Rome, on the first ...
Read More »BMW beats Mercedes by 34 cars in US race
Bloomberg BMW AG’s namesake brand was neck-and-neck with its German rival in the US last month, edging Daimler AG’s Mercedes-Benz by a mere 34 cars and keeping the race for sales bragging rights close into the final stretch. BMW posted a 6 percent gain in September, delivering to 27,467 cars and sport utility vehicles. The 3 Series sedan was up ...
Read More »France to harvest Facebook data to catch tax fraudsters
Bloomberg French President Emmanuel Macron is planning to give tax authorities the power to harvest data from Facebook, Instagram and other social media to help detect fraud. The government wants parliament to include an article in the 2020 budget law granting the new powers to officials from the tax and customs administrations. The state will also screen online market places ...
Read More »Google faces iPhone privacy suit after court reinstates case in UK
Bloomberg A UK lawsuit filed against Google by millions of iPhone users over data-collection claims was given the go-ahead by London appeals judges who overturned an earlier ruling that had thrown out the case. The group, known as Google You Owe Us, were seeking as much as $3.9 billion, according to documents filed with the court last year. The organisation, ...
Read More »Ford cedes control in India after struggling to make inroads
Bloomberg Ford Motor Co agreed to move most of its assets in India into a joint venture with a local partner after struggling for more than two decades to win over buyers in the world’s fourth-largest auto market. The deal effectively ends Ford’s independent operations in a country it wanted to become one of its top three markets by 2020. ...
Read More »Thousands of workers to protest Indonesia’s labour, wage regulations
Bloomberg Thousands of workers plan to carry out protests against Indonesia’s labour, wage and health insurance regulations, which they say are discriminatory, raising fresh risks for the stability of Southeast Asia’s largest economy. Around 50,000 workers will join the protest in front of the parliament building in Jakarta, according to Said Iqbal, president of the Confederation of Indonesian Trade Unions ...
Read More »Coal India output sinks to record low amid floods
Bloomberg Coal India’s monthly production dropped to a record low as heaviest rains in 25 years flooded mines and hindered shipments. The Kolkata-based state miner produced 30.77 million tons of coal in September, down 24 percent from a year earlier and the lowest in data back to 2013, according to a stock exchange filing. Shipments dropped 20 percent to 35.18 ...
Read More »WeWork names new head of Japan operations after management purge
Bloomberg WeWork named a new head of its Japanese operations, replacing a company veteran with close ties to former Chief Executive Officer Adam Neumann. Kazuyuki Sasaki, the former managing director of WeWork Japan, has been named its new CEO, the company said in a statement on Wednesday. Sasaki replaces Chris Hill, who has headed Japan operations since their start in ...
Read More »Great onion crisis in India is back to Narendra Modi’s dismay
Bloomberg Onions in India are once more at the epicenter of a major controversy, pitting government officials who want lower prices against farmers that need extra income. Prices of the vegetable, as ubiquitous as spices in Indian cooking, surged more than 200 percent in September from previous months after flooding from heavy monsoon rains damaged crops and reduced supplies. That’s ...
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