abu dhabi / wam Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Chairman of the Abu Dhabi Agriculture and Food Safety Authority, Mariam Hareb Almheiri, Minister of State for Food Security, opened the 6th edition of the Global Forum for Innovations in Agriculture (GFIA), in Abu Dhabi, in the ...
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Nissan CEO, Ghosn mulled fourth partner for alliance
Bloomberg Last September, two months before his arrest in Tokyo, then Nissan Motor Chairman Carlos Ghosn and the carmaker’s chief executive officer considered bringing in a new partner for the alliance with Renault SA and Mitsubishi Motors Corp, according to an email. At the time, Ghosn was under pressure to make the three-way automobile alliance “irreversible.†In a message to ...
Read More »Asia’s factory activity shows signs of stabilising
Bloomberg Sentiment at Asia’s factories stabilised in March as a rebound in China buoys the region. Japan’s Nikkei and IHS Markit manufacturing purchasing managers’ index for March rose to 49.2 from 48.9 in February, helped by a lift in new orders. South Korea’s PMI rose to 48.8 from 47.2 in the previous month. Still, both readings remain below 50, signalling ...
Read More »China announces tariff concessions ahead of trade talks
Bloomberg The Chinese government said it will extend a suspension of retaliatory tariffs on US autos and include the opioid fentanyl in a list of controlled substances, two steps that could generate a positive atmosphere for trade negotiations due to resume this week. Beijing temporarily scrapped the 25 percent tariff imposed on vehicles as a tit-for-tat measure on January 1, ...
Read More »Singapore luxury home prices drop
Bloomberg Singapore home prices fell for a second straight quarter, with values of luxury dwellings falling the most in almost a decade as property curbs imposed mid-last year took some heat out of the market. Private residential prices declined 0.6 percent in the three months ended on March 31 from the previous quarter, when they fell 0.1 percent, the Urban ...
Read More »DSV plans to acquire Panalpina in $4.6bn Europe logistics deal
Bloomberg DSV A/S agreed to acquire Swiss rival Panalpina Welttransport Holding AG in a deal worth $4.6 billion that will create one of the world’s largest companies in logistics and freight forwarding. The board of directors of Panalpina recommended shareholders accept the mostly stock offer worth 196 Swiss francs a share, the companies said in a statement on Monday, confirming ...
Read More »Sweden says trade row, Brexit may limit scope for spending
Bloomberg Sweden’s government said risks stemming from the UK’s efforts to leave the European Union and global trade tensions are clouding its economic outlook, as it lowered growth and surplus forecasts for the years ahead. The center-left coalition ruling Scandinavia’s biggest economy said economic indicators show that growth will slow during 2019, making it more difficult to set ambitious budget ...
Read More »Facebook’s top lobbyist Clegg calls for ‘good regulation’ of global web
Bloomberg Facebook Inc made a very public bid over the weekend to shape the global conversation about internet regulation, though so far some politicians remain skeptical of its efforts. The company’s top lobbyist urged regulators around the world to agree on standards governing online content — and to prevent a patchwork of different regulations that make it difficult for international ...
Read More »Euro-area inflation slows 1.4% in March
Bloomberg Inflation in the euro area unexpectedly slowed in March and a core measure of prices fell to the lowest in almost a year, underscoring the case for more European Central Bank stimulus. The report, showing a headline rate of 1.4 percent and a gauge stripping out volatile components at 0.8 percent, puts the ECB further away from reaching its ...
Read More »Italy needs energy storage to deliver on pollution pledge
Bloomberg Italy must more than double its capacity to store electricity if it wants to slash pollution from burning fossil fuels, the head of the nation’s power transmission network said. Terna SpA Chief Executive Officer Luigi Ferraris said Italy may need as many as 6 gigawatts of storage by 2030 to balance a boom in renewables. Storage is one of ...
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