Bloomberg Russia is testing NATO’s willingness to respond to provocation ahead of an expected meeting between President Vladimir Putin and his US counterpart Donald Trump, according to Estonian Defense Minister Margus Tsahkna. Russia’s build-up of forces and violations of international law, including in Ukraine, show the need for members of the North Atlantic Treaty Organization to increase spending on …
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Carmakers’ plea for fuel economy review sets stage for showdown
Bloomberg Automakers enjoying lucrative sales of trucks and sport utility vehicles are hoping President Donald Trump makes good on his vows to deregulate. Environmental groups are saying fuel efficiency standards won’t be watered down without a legal challenge. “We’ll see him in court,†Dan Becker, director of the Safe Climate Campaign, said of the group’s planned response if the …
Read More »British blue chips snub investor calls to reveal CEO pay ratios
Bloomberg Some of Britain’s biggest companies are bucking calls to reveal more data about executive pay, risking a fresh rift with major investors who are urging the government to combat ballooning wage inequality. Four of the 16 FTSE 100 companies that responded to a Bloomberg survey — GlaxoSmithKline, AstraZeneca, Aviva and Anglo American — said they won’t publish a …
Read More »China flexes muscles in commodities trading
Bloomberg China’s stepping up its campaign for greater clout in global commodities trading. The Asian nation’s state-run Sinochem Group is said to be in early talks to become a strategic investor in embattled commodities trader Noble Group Ltd. A potential deal could give the Chinese oil and chemicals behemoth access to Noble’s trading expertise and businesses around the world, …
Read More »Sleepless nights costing Japan’s economy billions each year
Bloomberg Sleep deprivation is doing more harm in Japan than just making people grumpy and unhealthy. It is also holding back the world’s third-largest economy. The problem has been getting worse in recent years. Nearly half of full-time workers say they don’t get enough sleep, citing long overtime hours as a primary reason, according to a government white paper …
Read More »Strong consumer spending spurs Malaysia’s growth
Bloomberg Malaysia’s economy grew at the fastest pace in a year last quarter, as stronger consumer spending and an export recovery helped counter falling government expenditure. Gross domestic product rose 4.5 percent last quarter from a year earlier, Bank Negara Malaysia said in an e-mailed statement on Thursday. The median estimate of 18 economists surveyed by Bloomberg was 4.4 …
Read More »Apple struggles to make bigger deals, hampering strategy shifts
Bloomberg “We are always looking at acquisitions,†Apple Inc. Chief Executive Officer Tim Cook told analysts last month. “There’s not a size that we would not do.†It’s a message he’s increasingly stressed over the past year as investors question how the world’s most valuable technology company plans to use its $246 billion cash pile to meet ambitious sales …
Read More »Nestle braces for slowdown as new CEO plans restructuring
Bloomberg Nestle SA’s new Chief Executive Officer Mark Schneider said it will take years to return to the growth rates targeted by his predecessors and will consider exiting underperforming businesses if he can’t fix them. The world’s largest food company forecast revenue will increase 2 percent to 4 percent on an organic basis this year, below a long-held goal …
Read More »Majlis of Mohamed bin Zayed hosts lecture by Google’s Kent Walker
Abu Dhabi /Â WAM The Majlis of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, hosted on Wednesday a lecture by Kent Walker, Executive Vice President of Legal, Policy, Trust and Safety and Google.org at Google. The lecture, held at Al Bateen Palace in Abu Dhabi, …
Read More »Dubai Cares marks 10th anniv, honours donors for their support
Dubai / WAM Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, hosted on Wednesday a special ceremony to celebrate the UAE-based global philanthropic organisation’s 10th anniversary and extended its gratitude to the UAE community for its generous support over the past decade. The ceremony, which was attended by Vice President, Prime Minister and Ruler of Dubai, His …
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