News

  California / Bloomberg The chief executive officer of the Nordic region’s biggest road transport company predicts the trucks he relies on can start operating without drivers within the next 5-10 years. Jens Bjoern Andersen, who drives a Tesla to work every day, giving him a first-hand view of how the technology is advancing, says the know how is already ...

  Buenos Aires / Bloomberg Argentina plans to sell as much as $8 billion in bonds that pay little to no interest as one of the options available for tax evaders seeking to repatriate money held abroad. Argentina will offer as much as $3 billion of three-year bonds that pay no interest and $5 billion of notes due in 2023 ...

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, commended the infrastructure projects being implemented by RTA Dubai as part of its 2030 strategy, in line with the Dubai Strategic Comprehensive Plan 2021, to achieve sustainable development. While visiting the RTA’s head-office in Umm Al Ramol ...

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan sent a congratulatory cable to President of Bolivia Evo Morales on Independence Day. Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy ...

  DUBAI / WAM Dubai Airports on Saturday confirmed that all operations and flights at Dubai International Airport have returned to normal after an incident involving Emirates Airline’s flight EK521, arriving from India, occurred at the airport on Wednesday, affecting the air traffic there. In a statement, the airport operator noted that the strategic plan of giving priority to wide-bodied ...

  Bloomberg State-run NTPC Ltd., India’s biggest power producer, is seeking to terminate a long-term supply contract for imported natural gas as it says the fuel is too expensive to be used in power generation, according to people with knowledge of the situation. The New Delhi-based electricity generator has written to state-run GAIL India Ltd., which supplies the fuel sourced ...

  Bloomberg India extended its floor price regime on steel imports for a further two months, as the world’s third-biggest producer seeks to insulate domestic mills from a global glut. Steelmakers gained in Mumbai. The country extended minimum import prices, ranging from $341 to $752 a metric ton depending on the type of product, until Oct. 4, the commerce ministry ...

  Bloomberg Japan’s auto industry is going back to tried-and-tested plays to ease the pain of yen strength as Toyota Motor Corp.’s prediction for a 37 percent plunge in earnings threatens to end the era of record profits. A resurgent yen wiped almost half a trillion yen ($5 billion) off the operating income of Japan’s seven automakers in the first ...

  Almaty / AFP Major Russian mobile operator Mobile TeleSystems (MTS) has abandoned its stake in a lucrative joint venture in Uzbekistan, the Central Asian country’s communications ministry said late on Friday. The ministry’s announcement, which the company also confirmed later, said the state-owned Center of Radio Communication, Broadcasting and Television had become “sole owner” of the pair’s joint venture ...

  Bloomberg Indonesia’s second-quarter growth beat expectations as President Joko Widodo’s government embarked on a spending spree to boost an economy grappling with a slowdown in China and low commodity prices. Gross domestic product increased 5.18 percent from a year earlier, compared with a revised 4.91 percent in the first three months, the statistics bureau said in Jakarta on Friday. ...