News

  Bloomberg Homeowners in San Francisco’s sinking, tilting luxury high-rise are suing the city and the building’s developer over claims they hid engineering flaws for years. Twenty tenants who collectively paid about $75 million for condominiums allege the city and Millennium Partners knew as early as February 2009, before the units were sold, that the structure was unstable, sinking more ...

    Bloomberg AT&T Inc. and Time Warner Inc. said they can avoid having the Federal Communications Commission scrutinize their proposed merger, eliminating a significant hurdle in the path of the $85.4 billion deal that’s attracted criticism from President-elect Donald J. Trump. “While subject to change, it is currently anticipated that Time Warner will not need to transfer any of ...

  Bloomberg Britain must choose whether to be in or out of the single market when it pulls out of the European Union because piecemeal access isn’t “for sale,” said Jonathan Faull, who retired this month from his post as one of the bloc’s former top civil servants. “I don’t think it is a question of buying your way somehow ...

  Bloomberg The US Energy Department says the electricity system “faces imminent danger” from cyber-attacks, which are growing more frequent and sophisticated, but grid operators say they are already on top of the problem. In the department’s landmark Quadrennial Energy Review, it warned that a widespread power outage caused by a cyber-attack could undermine “critical defense infrastructure” as well as ...

  Bloomberg Ford Motor Co., fresh from canceling a Mexico factory Donald Trump criticized, expects the incoming president to deliver on promises of tax reform that will benefit US manufacturers. “The environment is probably the best it’s been in quite some time to actually have tax reform,” Mark Fields, Ford’s chief executive officer, said at CES, formerly the Consumer Electronics ...

  Bloomberg Euro-area economic confidence jumped to the highest since 2011 at the end of last year after the European Central Bank extended its stimulus and the recovery in the 19-nation region showed further signs of strengthening. An index of executive and consumer sentiment increased to 107.8 in December from a revised 106.6 in November, the European Commission in Brussels ...

    Abu Dhabi / Emirates Business The cruise sector in Abu Dhabi is celebrating a year of achievement with record numbers of ship calls and passengers arriving in the emirate during the previous season and the successful launch of the Arabian Gulf’s only dedicated cruise beach stopover. During the season, which runs from October until June, Abu Dhabi received ...

  Abu Dhabi / WAM The American University of Ras Al Khaimah (AURAK) signed a partnership agreement with the UAE Space Agency, for research-based cooperation and knowledge-sharing in the space sector. A delegation from the university, consisting of Professor Hassan Hamdan Al Alkim, its president, Professor Mousa Mohsen, dean of the School of Engineering and director of RAK Research and Innovation ...

  Abu Dhabi / WAM The Emirates Youth Council held its first meeting of 2017 to discuss its achievements in 2016, as well as its annual plan for 2017. Thanks to the efforts made by its members, the council was able to identify the hopes and needs of the nation’s youth and carry out the 2016 work plan, backed by significant ...

  Abu Dhabi / Emirates Business The Ministry of Climate Change and Environment (MOCCAE) announced that the food safety rating in the UAE has witnessed a 24 % increase in the last three years to reach 98% in 2016 compared to 74% in 2013. This came as a result of combined efforts between the Ministry and the local authorities in ...