News

  Bloomberg It’s not just US President Donald Trump who’s bullish on infrastructure investing. Mutual and exchange-traded funds dedicated to building and upgrading roads, bridges, airports and other projects attracted more than $450 million from November through January, the biggest three-month period in almost two years, according to Morningstar Inc. The inflows reversed redemptions during 15 of the 16 months ...

  Bloomberg Britain should consider linking with China or California on climate policy and emissions trading after leaving the European Union, according to a panel of lawmakers. “Repatriating environmental law to the UK will be an immensely complicated task,” said Robin Teverson, chairman of the House of Lords EU Energy and Environment Sub-Committee. “We are not convinced that the government ...

  Bloomberg PSA Group, the maker of Peugeot and Citroen cars, is exploring an acquisition of General Motors Co.’s European business in a deal that would transform the region’s automotive landscape. The French carmaker is in talks on numerous strategic initiatives, including the possible acquisition of Opel, a PSA spokesman said by phone after Bloomberg reported the talks earlier on ...

  Bloomberg Say what you will about Donald Trump’s economic prescriptions, it’s hard to argue he hasn’t been a boon for corporate sentiment. A looming question for investors is how that buoyancy will translate when it comes to business spending. Words of optimism are multiplying — literally. Executives used the word “optimistic” on a record 51 percent of earnings calls ...

  Bloomberg ‘House of Cards’ needs more room. Netflix Inc., the streaming service that’s home to the political drama, last month leased an entire five-story office building in Hollywood, less than three months after signing a decade-long deal for adjacent stages and production offices, bringing its total space in the Sunset Bronson Studios complex to more than 500,000 square feet ...

  Bloomberg British technology startups are beginning to stress out over Brexit. Initially confident their industry wouldn’t be harmed by Britain’s break from the European Union, UK tech entrepreneurs are now girding for a bevy of challenges. A poll of 940 startup executives in the UK and other nations found that Brexit, which is set to be triggered in March, ...

  Bloomberg UK inflation picked up less than economists forecast in January as clothing-store discounts kept the rate from reaching the Bank of England’s target. The increase in the rate to 1.8 percent from 1.6 percent in December fell short of the 1.9 percent estimated in a Bloomberg survey. The pound weakened and traders pared bets on a Bank of ...

    Bloomberg Rolls-Royce Holdings Plc Chief Executive Officer Warren East said the struggling aircraft-engine manufacturer will deepen costs cuts and restructure or sell the weakest parts of its business after profit dropped by almost half in 2016. While around 80 percent of activities are in “a reasonably strong position in an attractive market,” the rest are on less solid ...

  DUBAI / WAM The Ministry of Finance (MoF), in cooperation with the Prime Minister’s Office and the International Monetary Fund (IMF), held a high-level closed session on economic diversification, on the sidelines of the World Government Summit 2017. The session aimed to discuss challenges and solutions to support thought-leaders during the implementation of economic diversification policies and change the ...

  KHARTOUM / WAM Hamad Mohamed Humaid Al Junaibi, the UAE Ambassador to Sudan, signed a contract to build four model villages with 1,200 traditional ‘Qateya’ housing units in the Sudanese state of Kassala, which will benefit over 5,000 people. He signed the agreement on behalf of the Emirates Red Crescent (ERC), in the presence of the Secretary-General of the Sudanese ...