News

Bloomberg Elon Musk said Tesla Inc. will slow down deliveries in Norway, the automaker’s best market per capita, days before the electric-car maker is due to report quarterly sales that investors watch so closely. Tesla’s CEO made the announcement in a Twitter message, in response to a report that local authorities had ordered trucks carrying Teslas off the road more ...

Bloomberg The UK government will direct Facebook Inc., Alphabet Inc.’s Google, Twitter Inc. and other tech companies to simplify their data management policies for consumers after disclosures about recent breaches, the Sunday Times reported. Matt Hancock, the UK digital, culture and media secretary, told the newspaper that the digital powerhouses were failing to provide users with clear and concise terms ...

Bloomberg Apple Chief Executive Tim Cook has called for stronger privacy regulations that prevent the misuse of data in the light of the controversial leak of Facebook user information. Cook called for “well-crafted” regulations that prevent the information of users being put together and applied in new ways without their knowledge during a session on global inequality at the annual ...

Bloomberg Telenor agreed to sell its businesses in central and eastern Europe to Czech billionaire Petr Kellner’s investment firm PPF Group for $3.4 billion as the Norwegian phone company focuses on markets in Asia and Scandinavia. Telenor will share some of the proceeds with its shareholders, the Fornebu, Norway-based company said. The sale includes Telenor’s mobile operations in Hungary, Bulgaria, ...

Bloomberg Move over Russia, Ukraine and Saudi Arabia. The US looks set to join the group of countries embroiled in disputes at the World Trade Organization involving curbs imposed on national-security grounds. China said it would complain to the WTO about US President Donald Trump’s import tariffs on steel and aluminum after failing to win an exclusion, which Washington gave ...

DUBAI / WAM Princess Moudi bint Khalid bin Abdulaziz Al Saud, member of the Board of Trustees of the King Khalid Foundation, has received Hessa Essa Buhumaid, Minister of Community Development, at the headquarters of the Foundation. Buhumaid learned about the Foundation’s programmes provided to all segments of the society and its role played to develop the social security policy. ...

DUBAI / WAM The total value of non-oil trade between the Emirate of Dubai and Germany reached AED40 billion in 2017, the Director of Dubai Customs, Ahmed Mahboob Musabih said during a meeting with Gunter Rauer, Consul-General of Germany in the emirate. The two discussed means of boosting cooperation between Germany and Dubai especially in bilateral trade and customs business. ...

Bloomberg Chinese officials and state media said the country will defend itself in a trade war, warning that President Donald Trump’s tariff plans could backfire on the United States. Vice Premier Liu He told US Treasury Secretary Steven Mnuchin in a phone call that Washington’s investigation into alleged Chinese infringement of US intellectual property violates international rules and will harm ...

ABU DHABI / WAM South Korea’s President Moon Jae-in expressed hope for further development of links between his country and the UAE, saying that he was committed “to deepening and strengthening bilateral relations, based on mutual trust.” Moon said he planned to hold discussions that would focus on “concrete and practical measures for cooperation to produce synergies in mutually beneficial ...

DUBAI / WAM More than one thousand UAE nationals have been given the green light to work with customer service centres of government and private entities across the country. The job seekers participated in a 3-day recruitment event organised by MoHRE. Saif Ahmed Al Suwaidi, Under-Secretary of Human Resources Affairs at MoHRE, said that 1,520 Emirati job-seekers with different academic ...