News

  Bloomberg Fiat Chrysler Automobiles NV will invest $1 billion toward making three new Jeep models in the US, plus a Ram heavy-duty pickup now built in Mexico, as President-elect Donald Trump pressures the auto industry to hire workers and produce vehicles above the border. The outlays planned by 2020 include retooling factories in Michigan and Ohio and adding 2,000 ...

  Bloomberg Amazon.com Inc. said the number of items sold for independent merchants that use its logistics service more than doubled to 2 billion last year, evidence the online retailer’s stepped-up investments in warehouses are paying off with expansion into new areas like fashion and household goods. The world’s biggest e-commerce company has differentiated itself by offering fast, free delivery ...

  Bloomberg In the euro area, the course seems to be set for a pick-up in economic momentum. Unemployment in the 19-nation region remained at the lowest level in more than seven years in November, as Germany reported a second consecutive increase in industrial output and French business confidence improved. The data follow a survey of purchasing managers out last ...

  Bloomberg Volkswagen AG laid out a new design for a revived, battery-powered version of its iconic hippie-era Microbus as the carmaker seeks ways to move beyond its 16-month-old diesel emissions-cheating scandal and will overhaul its US lineup in a renewed comeback push. The latest iteration of the van, a concept dubbed the I.D. Buzz, is part of the VW ...

  Bloomberg Meredith Corp. has contacted Time Inc. to express interest in potential merger, according to people familiar with the matter, rekindling a possible tie-up that died in 2013. Other strategic companies and privately held businesses have also been in touch with Time about a possible deal, one of the people said. No talks have yet been held with interested ...

  RABAT / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, donated US$10 million in support of Morocco’s Mohammed V Foundation for Solidarity. In a statement, the foundation described HH Sheikh Mohamed’s financial support, which equals 100,350,000 Moroccan dirhams, as generous, and said it will ...

  Abu Dhabi/ Emirates Business The UAE Government announced that it has completed the legal system for venture capital funds as one of the first projects approved by the Government Accelerators initiative launched by HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai in line with the goals of the UAE National ...

  Abu Dhabi / Emirates Business IDEX Conference 2017, part of the International Defence Exhibition & Conference (IDEX 2017) and Naval Defence Exhibition (NAVDEX 2017), is set to draw the participation of several leading security and defence decision makers and experts from across the world. Themed Disrupting Innovation in Defence and Security, the conference will be held ahead of IDEX ...

  Abu Dhabi / WAM The General Authority of Islamic Affairs and Endowments (Awqaf) held an extended meeting on Sunday to discuss special arrangements for offering the prayer for rain on Tuesday across the nation. President His Highness Sheikh Khalifa bin Zayed Al Nahyan has called for a prayer for rain, or Salaat al Istisqaa, to be performed at all mosques ...

  Dubai / WAM In 2017, efforts will be maximised to build onto what the UAE’s founding fathers had achieved, and to shape a better future for generations to come, affirmed Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the Board of Directors of the National Media Council (NMC). In a series of tweets to mark the ...