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Bloomberg Carlos Ghosn will speak publicly on Tuesday for the first time since his arrest almost two months ago, when he appears in a Japanese court. Handcuffed and with a rope tied around his waist, as is the practice in Japanese courts, the former Nissan Motor Co. chairman will declare his innocence and deny any wrongdoing, according to his chief ...

Bloomberg A dispute pitting two groups of nations led respectively by Germany and Brazil is holding up work on creating a global market for trading carbon pollution, one of the pillars of the Paris Agreement on climate change. After bruising talks at a United Nations climate conference last month, the two groups remain at odds on how to structure the ...

Bloomberg Apple and Samsung announced a deal that only recently would have seemed unthinkable: The iPhone maker will begin offering iTunes movies and TV shows on its archrival’s TV sets. The move demonstrates Apple’s shift towards developing into a tech- and media-services company as sales of gear like the iPhone continue to wane. It’s “further evidence that Apple is willing ...

Bloomberg The US job market delivered a blowout performance in December, giving a clearer signal that the economy is on solid footing even as investors fret about the trade war and other risks in 2019. US stocks and Treasury yields surged after Labor Department figures showed employers added the most workers in 10 months, wage gains accelerated and labour-force participation ...

Bloomberg Euro-area companies are bracing for subdued economic momentum in 2019 after activity slipped to a four-year low at the end of last year. Growth in manufacturing and services slowed more than initially reported in December 2018 — weighed down by public protests in France, Germany’s continued struggles in the car industry, and renewed weakness in Italy. Composite gauges for ...

Bloomberg In weighing a bankruptcy, power giant PG&E Corp may be firing a warning shot to California lawmakers: Help us or watch the largest utility in your state go insolvent. The company is considering whether to file for bankruptcy protection in as soon as weeks to organise the billions of dollars in potential liabilities from wildfires its equipment may have ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) is among the top 10 most influential companies and organisations in the energy sector, a new ranking from research and intelligence firm GlobalData found. The only Middle Eastern company featured on the GlobalData’s list, Adnoc was ranked sixth, and third among big oil firms, after Exxon Mobil and China’s ...

Abu Dhabi / Emirates Business Kizad, one of the fastest growing industrial zones in the Middle East and part of Abu Dhabi Ports, on Sunday launched Kizad Polymers Park, which will form an integral part of the polymers conversion ecosystem in the emirate. The park aims to be a major economic driver for the UAE, producing 300-400 kilo tonnes of ...

DUBAI / Emirates Business Emirates NBD announced the launch of a new VAT-based enhanced loan solution for small and medium-sized enterprise (SME) customers. The new loan program makes it easier for SMEs to apply for financing by providing copies of their VAT (value added tax) returns filed with the UAE’s Federal Tax Authority to serve as validation of business turnover ...

ADEN / WAM The Houthi militia has seized and looted 65 percent of the humanitarian aid sent for the people of Yemen through the port of Hodeidah, according to the Yemeni Minister of Local Administration, Abdul Raqeeb Fatah. “Over the past three years, the Houthis have been showing wilful disregard for the tough humanitarian circumstances being faced by the Yemeni ...