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Bloomberg Donald Trump might have to drop tariffs on steel and aluminum if he wants his new North American trade deal to see the light of day. US lawmakers and business groups are joining Canada and Mexico in pushing the president to lift the so-called Section 232 levies on those nations as, essentially, a condition of enacting the trade deal ...

Bloomberg Richard Plepler and David Levy, two of the most powerful executives in US media, are leaving their posts at WarnerMedia as new boss AT&T Inc. overhauls the entertainment business it bought last year. Plepler, who helped create some of TV’s most memorable programs over three decades at HBO, said he plans to step down as chief executive officer of ...

Bloomberg The US economy was steadier than thought at the end of last year, but it’s probably too soon to give it a clean bill of health for 2019. That’s the main takeaway from the shutdown-delayed report on fourth-quarter gross domestic product, which cooled by less than expected to a 2.6 percent annualized gain thanks to surprisingly robust business investment ...

Bloomberg BlueMountain Capital Management LLC has found a potent ally in its fight to overhaul leadership of bankrupt utility giant PG&E Corp: activist investor ValueAct Capital Management. BlueMountain, a PG&E shareholder that pushed to keep PG&E out of bankruptcy, launched a proxy fight to replace its board in the days prior to the company’s Chapter 11 filing in January and ...

Bloomberg Daimler AG and BMW AG have agreed to cooperate on developing self-driving cars, the latest move by the luxury-car rivals to share cost as a technology shift shakes up the industry. The German manufacturers have signed a memorandum of understanding to jointly develop the next generation of autonomous-driving technology, which should be market-ready by the middle of the next ...

SEOUL / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Moon Jae-in of South Korea, on Wednesday attended — at the Blue House in Seoul — the signing of an agreement between the Abu Dhabi National Oil Company (Adnoc), and South Korea’s SK ...

GENEVA / WAM As part of its commitment to achieving peace and prosperity in Yemen, the UAE has pledged $500 million for Yemen in 2019. The funding includes grants for United Nations agencies to support Yemen as well as commitments on a bilateral basis, to finance ambitious stabilisation programmes, working with many Yemeni and international partners. The UAE has also ...

GENEVA / WAM Aldar Investments Properties has announced it’s acquiring full ownership of Etihad Plaza and Etihad Airways Centre in an AED1.2 billion transaction with Etihad Airways. As part of the deal, Etihad will take 100 percent ownership of Etihad Airways HQ. The three properties were previously held in three 50/50 joint ventures between Aldar Properties and Etihad (the JV). ...

DUBAI / WAM Dewa has launched a project to install photovoltaic solar panels in a tenth of homes of UAE nationals in Dubai and connect them to its grid as part of ach-ieving objectives laid down by HH Sheikh Mohammed bin Rashid Al Maktoum in the 50-Year Charter. Dewa is the first government department to implement the 50-Year Charter, which ...

Bloomberg Oil climbed in New York as Saudi Arabia signaled that Opec and its allies will keep going with production cuts. West Texas Intermediate futures advanced as much as 2.1 percent. Opec’s most powerful member is inclined to extend the supply cuts into the second half of the year, Saudi Energy Minister Khalid Al-Falih said in Riyadh. US stockpiles fell ...