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Dubai / WAM Omar Sultan Al Olama, Minister of State for Artificial Intelligence and Deputy Managing Director of Dubai Future Foundation (DFF), highlighted the role of building solid international ties, establishing global partnerships, and employing modern technologies across various industries in supporting the UAE’s efforts in developing the industry of the future. He made these remarks while leading a UAE ...

Bloomberg A unit of HNA Group Co defaulted on a loan it took out less than seven months ago, the latest in a string of missed payments that threaten to complicate the embattled Chinese conglomerate’s restructuring. Lenders to CWT International Ltd, a Hong Kong-listed unit of HNA, said they would seize most of the company’s assets — including CWT’s stake ...

Bloomberg India cut its trade deficit with China by the most in more than a decade, according to people familiar with the data, as it boosted exports amid a US-China trade war. The South Asian nation’s exports to China jumped 31 percent year-on-year to $17 billion in the financial year ended on March 31, the people said, asking not to ...

Bloomberg Nissan Motor Co no longer has an office staffed by an inner circle of people working for the chief executive officer following the arrest and exit of former Chairman Carlos Ghosn, a person with knowledge of the change said. The team was abolished as of April 1, said the person, asking not to be identified because the information hasn’t ...

Bloomberg The new Model Y crossover that Tesla Inc hopes will satisfy growing consumer preference for bigger vehicles didn’t make it over to the Shanghai auto show. The car instead will be shown at an event in the US later this month, a spokeswoman said. Still, Tesla is showcasing two Model 3 cars, a Model X and a Model S ...

Bloomberg India’s forecast of plentiful rain during this year’s monsoon may come as a relief to its farmers as well as Prime Minister Narendra Modi, who’s seeking a second term in office in national elections currently underway. Annual rainfall during the June-September rainy season, which waters more than half of the country’s farmland and is crucial for economic growth, is ...

Bloomberg Some of the largest US technology companies pushed for a corporate tax overhaul in 2017 by suggesting they would go on hiring sprees and boost the economy. Just over a year after getting what they wanted, data show these firms gave most of their huge tax savings to investors. The top 10 US tech companies spent more than $169 ...

Bloomberg Nexi SpA shares fell in Milan trading after the initial public offering of the payments-service company raised 2.01 billion euros ($2.27 billion), making it the biggest listing in Europe so far this year. Nexi declined 5.5 percent to 8.50 euros. A mix of existing and new shares in the Milan-based company were sold to more than 340 investors from ...

Bloomberg Poland plans to overhaul its pension system in a way that ends uncertainty over the future of assets managed by privately-held pension funds and helps the government avoid widening the budget deficit. Polish stocks fell and government bonds rose. The government proposed transferring all of the 162 billion zloty ($43 billion) of assets in the privately-managed part of the ...

Bloomberg Investor confidence in Germany’s growth outlook improved for the sixth consecutive month, underpinning hope for an economic rebound later this year. A gauge measuring prospects for the next half year rose to 3.1 in April, beating an estimate for a gain to 0.5. The positive reading means optimists are outnumbering pessimists among survey participants for the first time since ...