News

  Bloomberg Uber Technologies Inc. is trying to finalize a settlement with California drivers to resolve potentially billions of dollars in claims stemming from the company’s refusal to give them the protections and benefits of employees. The case centers on allegations that the company failed to pay minimum wage and overtime to hundreds of thousands of drivers. Lawyers didn’t disclose ...

  Bloomberg Volkswagen AG lost market share in Europe for the 14th straight month since the emissions- cheating scandal erupted in September 2015, as competitors took advantage of the German automaker’s tarnished image to attract buyers. Volkswagen accounted for 24.9 percent of the region’s car sales in October, compared with 25.3 percent a year earlier, the Brussels-based European Automobile Manufacturers’ ...

  Montreal / AFP Canada expects to keep its 1989 bilateral free trade agreement with the United States if US President-elect Donald Trump withdraws from NAFTA, the Canadian ambassador to the US said. The Canada-US Free Trade Agreement was superseded in 1994 by the implementation of the North American Free Trade Agreement, which added Mexico to the pact. “Presumably… if ...

  Bloomberg For clues on how U.K. immigration policy might work after Brexit, try looking at a small island just off the northern coast of France. The U.K. government has studied how the British isle of Jersey —whose legislature and judiciary are still independent from the mainland — controls migration, according to local officials who met with Prime Minister Theresa ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, stressed that the UAE continues its approach based on openness, tolerance and coexistence. On his Twitter account, His Highness Sheikh Mohamed said, on the occasion International Day for Tolerance, that on this day, ...

  DUBAI / WAM As part of its commitment to creating smart, vibrant and sustainable business communities, TECOM Group, a member of Dubai Holding, partnered with JCDecaux SA to pioneer state-of-the-art digital advertising solutions, at Dubai Media City, Dubai Internet City and Dubai Knowledge Park. The community transformation project will include the installation of smart digital outdoor solutions as part ...

  DUBAI / WAM Dubai Financial Market (DFM) announced on Wednesday that its UAE listed companies have shown 100 percent compliance in disclosure of their quarterly results within the deadline of 45 days from the end of the period. All the 47 UAE public joint stock companies listed on DFM successfully disclosed their Q3 2016 results. The DFM has, however, ...

  ABU DHABI / WAM Etihad Cargo, the freight division of Etihad Airways, has announced three new freighter services from Europe, as from last month, the company started operating Boeing 777 freighters from East Midlands and Stansted airports in the UK and from Copenhagen in Denmark. David Kerr, Senior Vice President of Etihad Cargo, said, “We have responded to our ...

  MARRAKESH / WAM Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and the Environment, announced that the UAE is now the first member of the World Green Economy Organisation (WGEO). Al Zeyoudi said, “The Green Economy for Sustainable Development initiative launched in 2012, and the Green Agenda 2015-2030, set the course for our economic growth ambitions, ...

  Abu Dhabi / Emirates Business Abu Dhabi Ports, in association with the Indian Business and Professional Council (IBPC) – Dubai, on Wednesday hosted prominent Indian business leaders at an exclusive event to share an array of growth opportunities created by its latest development projects and expansion plans. In line with the Abu Dhabi government’s vision to achieve economic diversification ...