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Bloomberg Hyundai Motor Co expects to enter the US pickup market soon with what’s likely to be an American-made vehicle aimed at luring buyers who aren’t traditional truck owners, an executive said. “It’ll be a very versatile vehicle,” Michael O’Brien, vice president of product, corporate and digital planning for Hyundai’s US unit, said in an interview. “That has the promise ...

Bloomberg London Mayor Sadiq Khan’s decision to charge Uber Technologies Inc drivers to operate in the city centre amounts to racial discrimination and puts some out of business, lawyers for the drivers said in court, in the latest stage of a long-running battle between those working for the ride-hailing firm and traditional cabbies. A union representing Uber drivers is suing ...

Bloomberg France will stop funding the homeopathic pills and tinctures made by Boiron SA and rivals at the start of 2021, following the advice of a health panel that spent months reviewing the medicines. Boiron CEO Valerie Poinsot has said that sales of reimbursed treatments could plummet by 50 percent in France, where the company brings in almost half its ...

Bloomberg The UK has fallen behind on its promises to slash emissions and fight climate change despite claims it’s leading major industrialised nations in its fight to slow global warming. That’s the conclusion of the Committee on Climate Change (CCC), the government’s official adviser on environmental policies, which suggests ministers need to take much more dramatic action to meet their ...

GENEVA / WAM In a statement delivered by Obaid Salem Al Zaabi, UAE Permanent Representative to the United Nations (UN) in Geneva, during the 41st session of the Human Rights Council, the UAE affirmed its support for the peace process in the Middle East, with the aim of achieving peace and stability in the region. It also highlighted its support ...

ABU DHABI / WAM The value of trade in goods between the Emirate of Abu Dhabi and Saudi Arabia has increased to AED18.3 billion during the first four months of 2019, a growth of 20.6 percent compared with the same period of 2018, according to figures released by the Statistics Centre — Abu Dhabi. The emirate’s trade with Saudi Arabia ...

Bloomberg IBM closed its $34 billion purchase of Red Hat, sealing the world’s second-largest technology deal ever and setting up the iconic US technology company on a path to try and compete with top software purveyors in the cloud. The 108-year-old International Business Machines Corp, once synonymous with mainframe computing, has been struggling to adopt cloud-related technologies and is playing ...

ABU DHABI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, and with Trinh Dinh Dung, Deputy Prime Minister of Vietnam, discussed ways of accelerating mutual cooperation between the two countries. Al Mazrouei emphasised the strength of UAE-Vietnam relations in the light of the mutual ties of friendship and common interests in all fields. The ...

Bloomberg Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and its Opec partners restrict production. Saudi Arabia’s state oil company will add a combined 550,000 barrels a day of crude-production capacity at its Marjan and Berri fields, it said on Tuesday in a ...

DUBAI / WAM Dubai Airport Freezone Authority (Dafza), one of the UAE’s leading free zones, has stepped up efforts to attract new business and foreign direct investment (FDI) from China following official Chinese delegation visits this week. Jamal bin Marghoob, Senior Director of Sales at Dafza, along with senior officials welcomed the delegation from the China Council for the Promotion ...