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Bloomberg Honda Motor Co. said it plans to close its factory in the UK in the biggest blow yet to the British auto industry already buckling under thousands of job cuts and the loss of key models in the run-up to Brexit. The site in Swindon, about 80 miles west of London, is the nation’s fourth-largest auto plant and employs ...

Bloomberg European Union negotiators agreed to impose caps on carbon dioxide from trucks for the first time, stepping up the fight against climate change with a challenge to manufacturers such as Daimler AG. Representatives of EU governments and the European Parliament fixed a 30 percent CO2-reduction target for 2030 compared with 2019 levels. At a meeting that ended early on ...

Bloomberg Investor confidence in Germany’s economic outlook improved for a fourth straight month, hinting at a modest pickup in momentum in the coming months. A gauge measuring prospects for the next half year rose to minus 13.4 in February, beating an estimate for a gain to minus 13.6. While the index recorded its longest streak of improvements since early 2015, ...

Bloomberg European chocolate lovers are about to get an injection of Japanese culture, as Nestle SA’s green-tea matcha KitKat launches on the continent. The confectionery brand will begin to sell the green chocolate bar in Europe this month, 15 years after it was created in Japan. The blend of imported green-tea matcha powder with cocoa butter and white chocolate will ...

Bloomberg Siemens AG and Fortum Oyj are both offering multipart euro bond deals, adding to a rush of corporate sales this year as companies lock in low borrowing costs before potential market upheavals. German engineering giant Siemens is selling four notes maturing in as many as 20 years, while Finnish power company Fortum is offering three bonds as long as ...

Bloomberg Twitter Inc. plans to introduce extra checks and publish more information around political ads in Europe, stepping up efforts to combat disinformation online amid worries Russia or other actors could try to meddle with European Union elections in May. The EU in late January warned tech companies to intensify efforts to combat disinformation on their platforms ahead of European ...

ABU DHABi / WAM Speaking at a press conference on day two of the International Defence Exhibition and Conference (Idex 2019), and the Naval Defence and Maritime Security Exhibition (Navdex 2019), Brigadier Mohammed Al Hassani, Official Spokesperson of Idex 2019, and Commodore Fahad Nasser Saif Al Thehli, Official Spokesperson of Navdex 2019, announced 24 deals worth AED7,019,428,577. The total value ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met on Monday with Russian Industry and Trade Minister Denis Manturov, in presence of President Rustam Minnikhanov of Tatarstan, and later witnessed the signing of an agreement at at the International Defence Exhibition (Idex 2019). Sheikh Abdullah, Manturov and President Minnikhanov ...

ABU DHABI / WAM Mubadala Petroleum announced that it signed the Gross Split Production Sharing Contract (PSC), for South Andaman, as awarded by the Government of Indonesia pursuant to the 2018 Indonesian Third Direct Tender Round. Following the signing, Mubadala Petroleum is now the operator of both the South Andaman and the adjacent Andaman I PSC and a partner in ...

Bloomberg Crown Prince Mohammed bin Salman said his country plans to invest a whopping $20 billion in Pakistan as he began a swing through Asia. The two nations signed memorandums of understanding in the energy and agriculture sectors, including one for a $10 billion oil refinery in southwestern city of Gwadar, where China has helped build a deep water port. ...