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Asian exports may be about to slow down

Bloomberg The Great Asian Export Spurt may be about to end, replaced by a stretch of merely good exports. Demand from both Chinese consumers and manufacturers, a key driver for an unexpected jump in Asian exports so far this year, is likely to moderate as Beijing shifts focus toward economic re-balancing, and corporate China slows a massive inventory buildup, Credit ...

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Boom times for longer in EU’s east as GDP growth quickens

Bloomberg The economies of the European Union’s eastern members probably got off to a quick start in 2017 as resumed flows of the bloc’s aid and reviving demand from the euro area, combined with household spending, gave them the edge over the rest of the EU. Preliminary gross domestic product data will show first-quarter expansion accelerated from the previous three ...

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Waymo gains edge over Uber in driverless-car case

Bloomberg Waymo won a ruling that may strengthen its trade-secrets suit against Uber Technologies Inc. even as the Alphabet Inc. unit fell short of its goal to bring its rival’s driverless-car program to a standstill. US District Judge William Alsup approved of Uber’s move last month to demote the engineer leading its self-driving unit to keep him away from related ...

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Europe car sales suffer biggest drop since 2013

Bloomberg European car sales fell the most in four years in April as the shift of Easter from March reduced buyers’ time for shopping, while registrations in the UK were further sapped by tax changes. With at least two fewer selling days compared with a year ago, industrywide registrations dropped 6.8 percent to 1.23 million vehicles last month, according to ...

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Mohamed, Trump meet at White House

Washington / Agencies His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has arrived at the White House where he was received by US President Donald Trump. President Trump welcomed the visit of HH Sheikh Mohamed and his accompanying delegation. The delegation includes HH Sheikh Tahnoun bin ...

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92 companies listed at ADX, DFM post AED18.4bn profits

ABU DHABI / WAM A total of AED 18.4 billion of Q1 profits were reported by 92 companies listed at Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) a growth of 13 percent from AED16.2 billion in the same period last year. Fifty five companies listed at ADX posted Q1 profits of AED10.7 billion, a growth of 27.3 ...

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Abu Dhabi Airports wins three awards

Abu Dhabi / Emirates Business At a ceremony held in Abu Dhabi by the Chartered Institute of Procurement and Supply Awards, Abu Dhabi Airports’ Procurement and Logistics Department has won three prestigious awards: Best Supplier Relationship Management; Most Innovative Use of Technology; and Acting Chief Support Officer, Saeed Al Zaabi was named ‘CIPS Procurement and Supply Professional of the Year.’ ...

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Mother of the UAE chosen as Person of the Year 2017

Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood ‘Mother of the UAE’ was chosen as the Person of the Year 2017 by the Khalifa International Award For Date Palm And Agricultural Innovation. This was announced during ...

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UAE gets IMO council membership

Abu Dhabi / WAM The UAE was nominated as a member of the council of the International Maritime Organisation (IMO), which will be elected during the organisation’s 30th general assembly held from November 24 to December 5, Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Chairman of Federal Transport Authority – Land and Maritime, announced on ...

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Emirates SkyCargo widens offerings for pharma customers

Dubai / WAM Emirates SkyCargo’s customers can have temperature sensitive products shipped using SkyCell’s temperature controlled containers, which are designed to maintain products at +2 C to +8 C and +15 C to +25 C safely, even under extreme outside temperatures, such as –35 C to +65 C, for several days. Pharma customers can also choose to have their temperature ...

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