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Bloomberg Europe has a long way to go if it’s to deliver on the hope sparked by recent economic numbers. While there are hints that the bloc’s sharp deceleration is ending, there’s no escaping fresh doubts over global trade, ongoing weakness in German manufacturing, uncertainty over China’s growth, and Brexit. That’s got some of Europe’s big corporate names continuing to ...

Bloomberg Economic growth in western Europe’s largest exporter of oil and gas slowed more than forecast in the first quarter, sending a warning to policy makers preparing for a third interest rate increase in June. Mainland gross domestic product, which excludes oil and shipping, expanded 0.3% in the quarter, Statistics Norway said in a statement on Monday. That was down ...

Bloomberg Intel Corp. Chief Executive Officer Bob Swan gave new long-term forecasts that indicate the chipmaker’s growth will remain stalled. His comments, during his first investor event as CEO, sent shares down 2.5% at the close of trading in New York. Intel last month said sales will decline in 2019 and it reduced forecasts for profit and revenue in the ...

Bloomberg Walt Disney Co.’s quest to become a digital-streaming giant will be an expensive endeavour, but the company can handle it. That’s the message of its latest earnings report, which exceeded Wall Street estimates and sent the shares up as much as 2.4% in late trading. Though profit fell 13% in the fiscal second quarter, that was better than what ...

Bloomberg US President Donald Trump said it would be wise for China to “act now” to finish a trade deal with the US, warning that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in 2020. “I think that China felt they were beaten so badly in the recent negotiation that ...

Dubai / Emirates Business Amanat Holdings, GCC’s largest healthcare and education investment company, on Sunday announced its results for the first quarter ending on March 31. Amanat realised net profit of AED 20.7 million, a 43% increase compared with the same period in 2018. Total income increased to AED 35.4 million, up 30% compared with the same period in 2018, ...

Bloomberg The 2020s are set to be the Asian decade, with the continent dominating an exclusive list of economies expected to sustain growth rates of around 7%. India, Bangladesh, Vietnam, Myanmar and the Philippines should all meet that benchmark, according to a research note on Sunday from Madhur Jha, Standard Chartered’s India-based head of thematic research, and Global Chief Economist ...

GUANGZHOU / WAM Rahma Bin Abdulrahman Al Shamsi, UAE Consul-General in the Chinese city of Guangzhou, and Zheng Jianrong, Director-General of Department of Commerce of Guangdong Province, discussed ways of joint cooperation in economic and trade fields. During the meeting, Zheng Jianrong briefed Al Shamsi on the latest developments and commercial developments in the province, highlighting the Chinese side’s interest ...

Dubai / Emirates Business A brand new 109,000 Square feet Carrefour Hypermarket, developed as part of major retail development, Cityland Mall, off the 311 Sheikh Mohammed Bin Zayed highway, has opened its doors. The 1.2 million square feet GLA Cityland Mall is adjacent to Global Village, and Carrefour, being developed as part of the ambitious project, will cater to the ...

ABU DHABI / WAM To automate access and fee collection from waste transportation vehicles using the Al Dhafra Landfill, the Abu Dhabi Waste Management Centre, Tadweer, installed the Aaber Smart Gate access control system at the facility. The smart gate will save Tadweer customers time and effort by reducing waiting time at the landfill gates and also prevent human error. ...