News

  Bloomberg Steel mills in India are set to churn out metal at a rapid pace over the next decade and a half with output forecast to more than double bolstered by a growing economy and increasing urbanization, according to the Indian Steel Association. Shares of producers rose in Mumbai. Production is set to climb 10 percent to 12 percent ...

  Bloomberg Volkswagen, Europe’s biggest automaker, plans to launch its first pure-electric car in China next year as Beijing steps up pressure on the industry to promote alternatives to gasoline. The announcement on Tuesday comes on the eve of the Shanghai auto show, which showcases industry efforts to create electric models with consumer appeal. General Motors Co.’s Buick unit and ...

  Bloomberg Ten years after Steve Jobs held up the original iPhone to a gushing San Francisco crowd, Apple Inc. is planning its most extensive iPhone lineup to date. Apple is preparing three iPhones for launch as soon as this fall, including upgraded versions of the current two iPhone models and a new top-of-the-line handset with an overhauled look, according ...

  Bloomberg Despite a lack of big consumer deals, and Berlin losing out to London as the European hub of venture capital, German investors have notched an up-tick in deals over the first quarter and are on the hunt for software startups. Venture capital firms invested $467 million across 87 equity deals in German-based startups in the first quarter, according ...

  Bloomberg President Donald Trump was expected to take aim at information-technology outsourcing comp- anies on Tuesday when he orders a review of H-1B visa programs to favor more skilled and highly paid applicants. An administration official who briefed reporters in advance named Tata Consultancy Services, Cognizant Technology Solutions Corp. and Mphasis Corp. as examples of outsourcing companies that would ...

  Bloomberg US cereal company Post Holdings Inc. agreed to buy Weetabix Ltd. from Bright Food Group Co. of China for 1.4 billion pounds ($1.8 billion), adding the British breakfast staple to a portfolio that includes Grape Nuts and Honey Bunches of Oats. The deal for the maker of oval-shaped cereal bricks gives Post a stronger presence in the UK, ...

  ABU DHABI / WAM Abu Dhabi with the Abu Dhabi Global Market (ADGM) has been ranked as the top FinTech Hub for the MENA region in the latest Global FinTech Hubs Review, ‘A Tale of 44 Cities’, by Deloitte in partnership with the Global FinTech Hubs Federation. This special FinTech Hubs review was released at the 2017 Innovate Finance ...

  ABU DHABI / WAM The Abu Dhabi Urban Planning Council (UPC), is planning to showcase a range of important development projects in Abu Dhabi, unveil latest development plan of Zayed City in Abu Dhabi and media identity of the project, during first day of CityScape Abu Dhabi 2017. The event will start on Tuesday at ADNEC. Visitors to UPC ...

  Bloomberg Saudi Arabia will develop 30 solar and wind projects over the next 10 years as part of the kingdom’s $50 billion program to boost power generation and cut its oil consumption. The world’s biggest exporter of crude oil will produce 10 percent of its power from renewables by 2023, Energy Minister Khalid Al-Falih said at a conference. It ...

  DUBAI / WAM Expo 2020 Dubai is set to have a strong presence at the Think Science Fair 2017, running from April 18-20, inviting young people in the UAE to drive and shape the first World Expo ever to be held in the region. Since its inception, Expo 2020’s Youth Connect has launched several initiatives to ensure that the ...