News

  Bloomberg Vancouver’s multimillion-dollar homes are increasingly out of reach for Vancouverites. And nothing speaks to the Canadian city’s affordability crisis more than its empty houses. Vacant or temporarily occupied dwellings have more than doubled since 2001 to 66,719 last year as neighborhoods are hollowing out, said Andy Yan, director of Simon Fraser University’s City Program, who analyzed census data ...

Bloomberg Consumer confidence retreated in February from a 13-year high as Americans tempered expectations of their finances and the economy, with sentiment remaining sharply divided among party lines. The University of Michigan said that its preliminary index of sentiment cooled to a three-month low of 95.7 from 98.5 in January. The median projection in a Bloomberg survey called for 98. ...

  Bloomberg While Uber got shellacked for its link to President Donald Trump, the electric carmaker and sometimes-rival Tesla Inc. has comfortably weathered its association with a president who has lower approval ratings than any predecessor in his first days in office. Uber Technologies Inc. lost customers and drivers and became the subject of a campaign on Twitter that encouraged ...

  Bloomberg Walt Disney Co. plans to take full ownership of its ailing theme park in Paris to get the resort under control after 25 years of ups and downs at its first and only outlet in Europe. Disney is acquiring a 9 percent stake in Euro Disney SCA from Saudi Prince Alwaleed Bin Talal’s Kingdom Holding Co. for 2 ...

  Bloomberg Ford Motor Co. is investing $1 billion in a months-old startup founded by two pioneers in the nascent autonomous vehicle sector. The Pittsburgh-based artificial intelligence company Argo AI will develop the brains — specifically, a virtual driver system — for the fully autonomous vehicles Ford has promised to bring to market in 2021. Founders Bryan Salesky and Peter ...

  Bloomberg Sears Holdings Corp. rose the most in more than two years after Chief Executive Officer Eddie Lampert vowed to fix the troubled retailer, saying he would lower its debt burden and cut annual expenses by at least $1 billion. The cost savings will be part of a push to reduce overhead and more tightly integrate the Sears and ...

  Bloomberg Canada’s workers are getting plenty of jobs, just not wage increases. Data show a labor market that’s finally beginning to create new jobs, while at the same time offering little evidence that’s translating into higher incomes for workers as wage growth and hours worked slump. It’s a conundrum that casts a shadow over the report, which showed 48,300 ...

  DUBAI / WAM Business deals worth US$3.03 billion were sealed during the 21st edition of the UAE International Dental Conference and Arab Dental Exhibition, (AEEDC) Dubai 2017, recording a 10 percent rise compared to the previous year. The event, held from February 7-9 at the Dubai International Convention and Exhibition Centre, attracted over 48,000 visitors and participants from 130 ...

  DUBAI / WAM As a key destination hosting regional offices of several international organisations, the UAE is committed to assisting regional and international firms to ensure they have a strong financial position, which will help achieve sustainable growth and implement their missions, HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and the UAE Minister of Finance, ...

  ASTANA / WAM Dr Mohamed Al Jaber, UAE Ambassador to Kazakhstan, discussed the possibility of increasing cooperation in investment and air transport between the UAE and Kazakhstan with Yerlan Khairov, Deputy Minister of Investment and Development of the Republic of Kazakhstan. Kahirov highlighted the importance of results produced by the 6th UAE-Kazakhstan joint cooperation committee which held during the ...