News

Abu Dhabi / WAM The new Qasr Al Watan Library, located inside Qasr Al Watan Palace in the Presidential Palace compound, is now open to the public, marking the addition of a new major attraction to Abu Dhabi’s cultural and tourism assets. Inaugurated on March 11, Qasr Al Watan Library is distinguished by its exceptional location in the centre of ...

Dhaka / WAM Refugee camps in Bangladesh will see several support services underway to help improve Rohingya living conditions. The Emirates Red Crescent (ERC), announced on Sunday that it began relief operations to improve sanitation and access to potable water, as well as adequate medical care. An ERC delegation led by Dr. Mohammed Ateeq Al Falahi, Secretary-General of the ERC, ...

Abu Dhabi / WAM Major developers out to lure Abu Dhabi’s property and asset investors maintain ready-made quality infrastructure and attractive payment plans are now key to closing land and villa sales with the UAE capital’s increasingly shrewd buyers. Cityscape Abu Dhabi is set to feature two prominent new-to-market entries to capture sales with strong infrastructure-and-payment pitches. Leading the drive ...

Bloomberg China’s top officials pledged to lower tariffs and expedite debt sales in 2019 as they seek to manage an economic slowdown while tackling the trade standoff with the US. The country will continue to cut import taxes and create a first-rate environment for foreign businesses as it opens up the economy, Vice Premier Han Zheng said at the China ...

Bloomberg Global miners BHP Group and Glencore Plc halted output at energy and metals operations as two cyclones hit Australia for the first time since 2015. BHP stopped output at the Pyrenees oil project off Western Australia as cyclone Veronica tracked towards a hub of liquefied natural gas and iron-ore export operations. Ships left ports and workers fled the region ...

Bloomberg Tech giants such as Facebook Inc and Alphabet Inc’s Google will face tougher penalties if they flout privacy laws, under a plan Australia’s prime minister said is necessary to safeguard personal information. Australia’s government will introduce measures to increase fines for breaches, strengthen disclosure policies and embolden its privacy regulator to crack down on data misuse, according to a ...

Bloomberg Billionaire Ajay Piramal’s son is seeking to take advantage of teetering Indian developers to expand his property business. Piramal Realty, which counts Goldman Sachs Group Inc and Warburg Pincus & Co as minority investors, is looking to buy land from distressed developers and build a portfolio of commercial assets, Anand Piramal, the group’s executive director, said in an interview ...

Bloomberg So far, trade wars don’t seem to be as “good, and easy to win” as US President Donald Trump promised a year ago when he imposed tariffs on steel and aluminum imports. The scorecard shows a split decision. US steelmakers Nucor Corp. and United States Steel Corp. saw significant profit gains in 2018. But manufacturers that buy the metal ...

Bloomberg US tech giants might have a respite after two decades of European Union antitrust investigations. But not for long. While Google just got a third, and possibly final, EU fine, regulators still have their eyes on Amazon.com Inc., Apple Inc. and Facebook Inc. EU antitrust chief, Margrethe Vestager, told reporters earlier this month that an early-stage probe into Amazon’s ...

Bloomberg The US posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in corporate tax revenue and a boost in spending so far this fiscal year. The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of ...