News

  Abu Dhabi / Emirates Businesss His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, attended the launch of a new initiative by Lulu hypermarkets to promote the locally grown organic farm produce through their stores across the UAE. The initiative was inaugurated at Lulu Hypermarket in Mushrif Mall, Abu Dhabi, in the presence of ...

  Abu Dhabi / WAM The Abu Dhabi Music and Arts Foundation (ADMAF) signed a Letter of Cooperation (LoC) with London’s Southbank Centre, the world’s largest festival site, home to the Royal festival Hall, Queen Elizabeth hall, Purcell Room and Hayward Gallery, and four world-class orchestras. Acknowledging common principles, goals and areas of common interest for joint collaboration in culture and ...

  Bloomberg The chief negotiator of a 16-nation Asia trade pact expressed hope that talks can be concluded this year if member nations refrain from introducing elements of a separate deal derailed by US President Donald Trump. Iman Pambagyo, trade negotiating committee chief for the Regional Comprehensive Economic Partnership, said that governments had the political will to conclude the deal ...

  Bloomberg Japan’s exports rose the most in two years in February, after a lull in January that was due to the Lunar New Year celebrations in Asian trading partners. Exports rose 11.3 percent from a year earlier (median estimate 10.1 percent), according to government data. Imports increased 1.2 percent (estimate 1.3 percent). The trade surplus for February was 813.4 ...

  Bloomberg Tencent Holdings Ltd. posted fourth-quarter profit that missed analysts’ estimates amid a surge in costs and rising competition in the mobile gaming market. Net income rose 47 percent to 10.5 billion yuan ($1.5 billion) in the three months ended December, the Shenzhen-based company said on Wednesday. That compares with the 11 billion-yuan average of analyst estimates compiled by ...

  Bloomberg A trio of Houston-based private-equity funds is sifting through the oil industry with a view to potentially reaching $4 billion of investments after the market crash created some bargains. Argus Energy Managers, made up of three firms that invest in smaller explorers and service providers, expects to end the year with combined funds north of $2 billion and ...

  Bloomberg Toshiba Corp. bondholders, who have seen their investments tumble in recent months, have a new reason to worry: they may be paid only after banks in the event of a default. The concerns surfaced after people familiar with the matter said the Tokyo-based company is offering stock holdings and real estate as collateral to lenders as it seeks ...

  Bloomberg Iron ore is getting battered. After rounds of warnings that this year’s rally may be overdone, the raw material is in retreat as doubts gather about the strength of demand in China as steel sells off and record port stockpiles put a spotlight on rising supplies. In China, futures on the Dalian Commodity Exchange sank into a bear ...

  Bloomberg The UK drew more venture-capital investment last year than the next four European countries combined, mitigating concerns that Brexit is hurting British startups’ fundraising. Venture-capital firms plowed 6.8 billion pounds ($8.5 billion) into Britain last year, according to an annual study released on Wednesday from Tech City UK, a London-based organization that promotes the country’s digital economy. That’s ...

  NEW YORK / AP Trumpism is slowly taking hold on your phone and computer, as newly installed federal regulators begin chipping away at hard-fought protections on privacy and competition. These protections, put in place during the Obama administration, had upset the phone and cable industries. The new regime at the Federal Communications Commission says consumers win if businesses face ...