Bloomberg The Maldives is reportedly planning to pull out of a free trade agreement with China as the island nation moves closer to India and the West after Ibrahim Mohamed Solih won the presidency in a September election. The trade imbalance between China and the Maldives is “so huge that nobody would think of a free trade agreement between such ...
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Malaysia, Japan, Thailand benefitting from ‘trade war’
Bloomberg Asia, at the broad level, will lose from the US-China trade war, but a few countries will emerge as relative winners. Nomura Holdings Inc. found that a push by companies in the US and China for import substitution towards the rest of Asia will benefit Malaysia in particular, followed by Japan, Pakistan, Thailand and the Philippines, based on its ...
Read More »Takeda’s dissident holders keep trying to kill Shire deal
Bloomberg They have little chance of success, but the shareholder group trying to derail Takeda Pharmaceutical Co.’s $62 billion purchase of UK-listed Shire Plc is making last-minute attempts to win over investors. The dissident holders account for only about 1 percent of Takeda’s shares outstanding, but the group is raising its profile as the Japanese drugmaker inches toward completing its ...
Read More »Apple nears bear territory as iPhone demand woes mount
Bloomberg Apple Inc shares dropped close to bear market territory on concern consumers are no longer clamouring for its cornerstone product, the iPhone. The stock closed at a record of $232.07 on October 3. Since then it’s plunged almost 20 percent — the official bear market threshold — as multiple suppliers indicated the company is cutting parts orders for the ...
Read More »BASF eyes $2.3bn profit boost from corporate revamp
Bloomberg BASF SE Chief Executive Officer Martin Brudermueller unveiled a comprehensive redesign of the chemical giant’s corporate structure to boost profit by 2 billion euros ($2.3 billion) from 2021 and challenge smaller, more focussed competitors. The Ludwigshafen, Germany-based company is also targeting growth in earnings before interest, taxes, depreciation and amortisation of 3 percent to 5 percent per year, although ...
Read More »Coal pollution to surge in UK if Brexit comes without deal
Bloomberg Britain’s pollution levels would probably rise if the country crashes out of the European Union without a deal, breaching a key pledge Prime Minister Theresa May has made to rein in emissions. That’s the conclusion of Bloomberg NEF, which forecasts that burning coal would increase in the first quarter of next year if there’s a no-deal Brexit. Without a ...
Read More »Mohamed emphasises importance of dialogue on child safety
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received the participants of the ‘Interfaith Alliance For Safer Communities: Child Dignity in the Digital World Forum’ being organised by the Ministry of Interior. During the meeting, held at the Al Bahr ...
Read More »Careem provides new opportunities to Emirati workforce in Abu Dhabi
Abu Dhabi / WAM In collaboration with TransAD, Careem has introduced a new programme to provide flexible and safe income earning opportunities to Emiratis and sons and daughters of Emirati women living in Abu Dhabi. These UAE nationals can now opt to register on the Careem platform and drive private vehicles as part of a new initiative to open up ...
Read More »We focus on maximising value from all our energy resources
Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), will accelerate delivery of its new integrated gas strategy, as well as its plans to increase its oil production capacity to four million barrels per day by 2020, with Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO, saying there would be no let-up ...
Read More »Abu Dhabi education price index up 3.4%
Abu Dhabi / WAM The Education Price Index (EPI) for the academic year 2018/ 2019 in the Emirate of Abu Dhabi increased by 3.4% in 2018 compared with 2017. The Education Price Index in 2018 was 108.0% and 104.4% in 2017, according to the Statistics Centre – Abu Dhabi. The Education sector in the emirate of Abu Dhabi is one ...
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