News

Bloomberg Cities ranging from Boston to New York and Washington are set to swelter through Thursday as high heat and humidity combine to make 95-degree temperatures feel as if they’re 100 degrees Fahrenheit or more, boosting energy demand to cool homes and businesses. A large area of high pressure has parked across the eastern US, bringing in a typical summer ...

Bloomberg India plans to spend $1.4 billion to send a crew of three to space by 2022, spurred by PM Narendra Modi’s goal that will help the country break into an elite club. A module with three astronauts will be launched from Sriharikota, a tiny barrier island in southeastern India, taking the passengers on a seven-day voyage around the Earth, ...

Bloomberg In the shadow of an escalating trade war, momentum is picking up to protect the World Trade Organisation from turning irrelevant. The European Union will host trade ministers from the US and Japan next month in Brussels, according to two officials with knowledge of the meeting. The gathering will be part of an effort to address China’s trade practices ...

Bloomberg Apollo Global Management LLC, the investment firm led by Leon Black, agreed to acquire Aspen Insurance Holdings Ltd. for $2.6 billion, in the latest example of private equity investors expanding their insurance assets. Apollo will pay $42.75 a share for the Hamilton, Bermuda-based insurer, a premium of 6.6 percent to Monday’s closing share price, in an all-cash deal. The ...

Bloomberg Toyota Motor Corp. is expanding an alliance with Uber Technologies Inc. through a new investment and a plan to get self-driving cars on the road. The Japanese automaker is investing $500 million in Uber, the companies said. The deal values the ride-hailing giant at $72 billion, said a person familiar with the matter. As part of the pact, Toyota ...

Bloomberg Netflix Inc. hired Facebook Inc. executive Rachel Whetstone as the company’s new chief communications officer, putting a Silicon Valley veteran in charge of the streaming service’s messaging as it grapples with regulators and competitors in 190 countries. Whetstone has worked in communications at Google, Facebook and Uber, three companies that have faced controversy at home and abroad. She replaces ...

Bloomberg Judging from the jump in General Motors Co. and Ford Motor Co. shares, the market thinks President Donald Trump’s accord with Mexico to replace the North American Free Trade Agreement will enable US automakers to carry on business as usual. This could be right, with one big caveat: The companies are going to need Canada to join the deal, ...

ABU DHABI / WAM HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, has hailed the remarkable achievements of Emirati women and their efficient contributions to the advancement of the country’s cultural development. On the occasion of the Emirati Women’s Day, Sheikh Hazza said, “During the Year of Zayed, we hail with pride the historic ...

ABU DHABI / WAM The Department of Culture and Tourism — DCT Abu Dhabi said hotel occupancy rates in Abu Dhabi during Eid al-Adha averaged 81 percent from August 21 to 24. This represented an impressive 6 percent increase compared to the average occupancy figure of 75 percent during the same period last year. It also underlines the emirate’s strong ...

DUBAI / WAM Emirates has announced that it will boost its services to Riyadh with the addition of a fourth daily flight to the Saudi capital from September 1. The addition of the fourth daily service will take the total number of weekly Emirates flights serving Riyadh to 28. Adil Al Ghaith, Senior Vice President Commercial Operations, Gulf, Middle East ...