News

Bloomberg President Donald Trump threatened to impose tariffs on every single Chinese import into America as the world’s two largest economies exchanged the first blows in a trade war that isn’t set to end anytime soon. After months of rhetoric, a 25% levy on $34 billion of Chinese goods entering the US took effect just after midnight Washington time with ...

Bloomberg Facebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s third-richest person, further solidifying technology as the most robust creator of wealth. Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and Microsoft Corp. co-founder Bill Gates, eclipsed Buffett as Facebook shares climbed 2.4%, according to the Bloomberg Billionaires Index. It’s the first time that the three ...

Bloomberg AT&T Inc. chose a powerful insider to bolster its Washington presence by hiring Margaret Peterlin, a lawyer who occupied a top perch in the Trump administration’s State Department after advising leading congressional Republicans. Peterlin has begun work as a senior vice president for global external and public affairs, one of several executives reporting to Dallas-based David McAtee, who’s organizing ...

Bloomberg US hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labor market has room to keep expanding. Nonfarm payrolls climbed 213,000 after an upwardly revised 244,000 advance, Labor Department figures showed. The median estimate of analysts surveyed by Bloomberg called for a gain of 195,000 jobs. Average hourly earnings ...

Bloomberg Sonos Inc. filed for a US initial public offering as the wireless speaker pioneer gears up to take on increasing competition from Amazon, Google and Apple. Along with rich rivals, the company warned that an escalation of the trade war between the US and China could significantly damage its business. The Santa Barbara, California-based company filed with an offering ...

Bloomberg Univision Holdings Inc. is considering selling its English-language websites, including the former Gawker properties, according to people with knowledge of the situation. The move would put a group of sites such as Gizmodo, Deadspin and Jezebel on the block, said the people, who asked not to be identified because the deliberations are private. Univision is working with financial advisers ...

CAIRO / WAM The Arab League has honoured Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum with the ‘Arab League Shield for Leadership in Arab Development’ in recognition of his contributions to the development of the Arab world, and his innovative vision for empowering Arab communities, spreading knowledge, ...

Dubai / WAM Dawood Abdulrahman Al Hajiri, Director-General of Dubai Municipality, on Wednesday launched the e-ticketing system for Dubai Frame through its new website and also the smartphone app, which provides visitors with an easy way to book their tickets in advance and ensure their preferred time of visit. The new system offers a wide range of e-services, including detailed ...

HODEIDAH / WAM The Emirates Red Crescent (ERC), distributed 1,000 food baskets to residents of Al Hima in At Tuhayat District of Hodeidah, Yemen. This latest distribution of food aid benefits 7,000 Yemenis as part of UAE efforts to provide necessary humanitarian and relief assistance to individuals in liberated areas of Yemen’s Red Sea Coast. Saif Al Dhaheri, ERC Representative ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced the connecting its district cooling services to 40 buildings in the first half of the year, 2018. Total connected load during this period is more than 52,000 Refrigeration Tonnes (RT). Empower also announced that it has awarded the contractors and suppliers with 25 ...