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Frankfurt, Germany, Dubai Emirates Business Jebel Ali Free Zone (Jafza), the region’s premier business and logistics hub is showcasing its auto sector capabilities at Automechanika Frankfurt 2018, Europe’s most important trade show in the industry. Jafza has reinforced its position as the location of choice for the industry by handling over 800,000 vehicles including exports to over 175 countries in ...

Bloomberg Mexico’s next president Andres Manuel Lopez Obrador will allocate $3.9 billion in the budget next year to oil extraction in a bid to resuscitate flagging output. “We are going to allocate budget resources, we are going to make an effort to adjust current spending in order to have more public spending and from the private sector,” said Lopez Obrador, ...

Bloomberg Exxon Mobil Corp., the US energy behemoth, signed deals to move ahead on a proposed multibillion-dollar petrochemical project and a gas import terminal in southern China, contrasting with trade tensions between the two nations that may escalate this week. The Irving, Texas-based company signed cooperation framework agreements with the Guangdong provincial government, it said in a statement, following a ...

Bloomberg Malaysia has finally scrapped three China-backed pipeline projects after halting work on them following the shock elections in May that saw an opposition alliance assuming power for the first time in the country. A finance ministry spokeswoman confirmed that the country has cancelled three China-backed pipeline projects. The Financial Times earlier cited Malaysian Finance Minister Lim Guan Eng saying ...

Bloomberg The biggest mergers-and-acquisitions boom in Indian history has investment bankers preparing for even more dealmaking to come. Transactions involving Indian companies have reached $104.5 billion in 2018, trouncing the previous annual record with almost four months left in the year, according to data compiled by Bloomberg. The tally may surpass $100 billion again in 2019, said Sanjeev Krishan, a ...

Bloomberg Protracted Brexit talks are weighing on the recovery prospects of Jaguar Land Rover (JLR), the carmaker that is already under pressure to keep up as the global automobile industry moves toward electrification and automation, according to its Indian owner. The focus of Tata Motors Ltd., which bought the maker of the iconic British marquees in 2008, is to ensure ...

Bloomberg China’s car sales fell for a third straight month as an intensifying trade dispute with the US and slowing economic growth are threatening to end the vehicle market’s almost three-decade expansion. Retail sales of cars, SUVs and multipurpose vehicles declined 7.4 percent to 1.76 million units in August, the China Passenger Car Association said in a statement. That compares ...

Bloomberg Alibaba is heralding the end of the Jack Ma era. A former English teacher who helped found Alibaba Group Holding Ltd. two decades ago, Ma outlined plans to hand the executive chairman role to Daniel Zhang, a finance veteran who’s presided over an ambitious expansion and won over investors in three years as chief executive officer. Ma will officially ...

Bloomberg Apple Inc. will kick off a blitz of new products this week, ending a year of minor updates and setting the technology giant up for a potentially strong holiday quarter. Through the rest of 2018, the world’s most valuable public company will launch three new iPhones, revamped iPad Pros, Apple Watches with larger screens, a new entry-level laptop with ...

Bloomberg Sky Plc is backing a push by BT Group Plc to move more Britons onto faster internet services, in a boost to the former monopoly. Sky, which resells internet services from BT’s network unit Openreach, has a new agreement to encourage more of its UK customers to take up higher-speed fiber-based connections after Openreach introduced discounts for wholesale customers ...