Dubai / WAM Establishing effective ways to boost the UAE’s level of food security was the objective of two recent visits to Europe by Mariam Hareb Almheiri, Minister of State for Food Security. The twin trips saw the minister travel to Germany and Ireland – countries ranked among the highest in the global food security rankings – to discuss collaboration ...
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Dubai all set to host major pulse industry event in April 2020
Dubai / WAM DMCC, a Free Zone for commodities trade and enterprise, on Tuesday announced its support for the GPC Convention 2020, the global pulse industry’s premier event, to be held at the Grand Hyatt Dubai in April next year. Nearly one thousand academics, government bodies, farming organisations, food and agricultural experts, traders and pulses industry experts from more than ...
Read More »World’s top bicycle maker says the era of ‘Made in China’ is over
Bloomberg Giant Manufacturing Co saw the writing on the wall early on. The world’s biggest bicycle maker started moving production of US-bound orders out of its China facilities to its home base in Taiwan as soon as it heard Donald Trump threaten tariff action in September. “When Trump announced the plan of 25 percent tariffs, we took it seriously,†Chairwoman ...
Read More »Blackstone-backed India REIT wins over investors
Bloomberg India’s first ever real estate investment trust has outperformed peers since its debut in late March, helped by a low interest rate environment that’s forcing investors to look elsewhere for yield. Blackstone Group LP-backed Embassy Office Parks REIT has risen 21 percent since its listing, beating indexes that track REITs in Singapore and Japan. “This kind of return isn’t ...
Read More »Beijing to open up beef market to UK, Germany
Bloomberg Cattle farmers in Britain and Germany are among the latest winners from a shortage of meat in China. The UK and China reached a deal to allow British beef to be sold to the Asian country by year-end. That marks the first potential shipments since the 1990s, when British beef was banned amid an outbreak of mad cow disease. ...
Read More »Water outages to hit Manila again
Bloomberg Water outages will again hit the Philippine capital due to reduced supply at its main reservoir despite the start of the rainy season. Manila Water Co Inc, a unit of Ayala Corp, said the eastern part of the capital was expected to have supply interruptions on Tuesday. Maynilad Water Services Inc, a unit of Metro Pacific Investments Corp, told ...
Read More »US colleges worry trade war risks flow of Chinese students
Bloomberg Kirk Brennan, director of undergraduate admission at the University of Southern California, was on a bus in Baotou earlier this month, part of a multi-school recruiting trip in Inner Mongolia, when he heard the news: The Chinese Education Ministry had issued a warning to students studying in the US to be vigilant about restrictions on academic visas. It’s hard ...
Read More »Trump to swap Obama’s ‘clean power plan’ for modest upgrades
Bloomberg The Trump administration is on track to obliterate former President Barack Obama’s signature plan for combating climate change by replacing sweeping curbs on power plant emissions with requirements for modest upgrades at the sites. The Environmental Protection Agency is set to unveil its rewrite of the Clean Power Plan as soon as Wednesday, finalising a replacement rule that would ...
Read More »Investor confidence in German economic outlook sinks in June
Bloomberg Investor confidence in Germany’s economic outlook worsened dramatically in June after the Bundesbank predicted the economy will shrink this quarter. An index measuring prospects for the next six months fell to -21.1 in June, a far worse reading than economists expected. The decline indicates increased pessim-ism after solid first-quarter growth, and comes as the ECB debates if it needs ...
Read More »VW to launch ‘vw.os’ operating system in software push
Bloomberg Volkswagen AG is stepping up the pace of its digital transformation with a plan to pool some 5,000 digital experts into a single unit that will develop “vw.os,†a uniform software operating system across all new models. Chief Executive Officer Herbert Diess has mapped out a “massive expansion†in software and digital investments, and the manufacturer earlier this year ...
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