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Bloomberg Adidas AG plans to idle experimental “speed factories” in the US and Germany, redeploying techniques developed there to suppliers in Asia, where the vast majority of its products are already made. The decision is a setback for anyone who hoped that projects like the speed factories represented the dawn of a new era of manufacturing in Europe and North ...

Bloomberg House Democrats this week are taking their effort to impeach Donald Trump into a risky new phase of public hearings that the president is eager to turn into a made-for-TV personal battle, echoing his successful White House run in 2016. The hearings on Wednesday and Friday feature three career diplomats who, in previous closed-door depositions, outlined attempts by Trump’s ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Monday a new Family Protection policy that includes mechanisms for protecting women, children, the elderly, and people of determination from any type of violence and abuse. In a Cabinet meeting chaired by His Highness ...

Sharjah / WAM The fifth edition of the region’s leading FDI event, the Sharjah FDI Forum, titled “Future Trends in Foreign Direct Investment”, got underway at Sharjah’s Al Jawaher Reception and Convention Centre, inaugurated by HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah. The forum is organised by the Sharjah FDI Office (Invest ...

LONDON / WAM Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services, on Monday announced that it will launch a new exchange, ICE Futures Abu Dhabi (IFAD), to host the world’s first futures contracts based on Abu Dhabi National Oil Company’s (Adnoc), Murban crude oil. On November 4, Abu Dhabi’s ...

KHAWKHAH / WAM The UAE, represented by its humanitarian arm, the Emirates Red Crescent (ERC), inaugurated a new school in Khawkhah District, which will serve 800 students. The ERC will also launch eight other schools in the coming weeks, bringing the total number of academic establishments restored and furnished by the UAE in the Red Sea Coast to 36. The ...

Bloomberg Ten coal-fired power plants near India’s capital of New Delhi are poised to miss a December deadline to install pollution control devices that would have curbed premature deaths linked to toxic emissions. Eight of the plants, whose operators include Vedanta Ltd, Larsen & Toubro Ltd (l&T) and Uttar Pradesh Power Corp, have yet to order the required flue-gas desulfurisation ...

Bloomberg Myanmar expects to attract more investment as manufacturers seeking to relocate production from China to skirt US tariffs encounter capacity constraints in Vietnam. The Southeast Asian nation, whose goal is to woo a total of $5.8 billion in foreign-direct investment this year, is trying to cut back the red tape that deters some companies, according to a senior government ...

Bloomberg Britain dodged a recession ahead of the now-postponed October 31 Brexit deadline, but investment is in a slump and the economy has lost almost all momentum. The economy grew 0.3% between July and September, avoiding a second straight quarter of contraction, the Office for National Statistics said. Still, the figures were weaker than expected and showed the economy had ...

Bloomberg Greece and China in Athens signed 16 agreements in sectors including energy, agriculture, tourism and ports. Chinese President Xi Jinping is on an official visit to Greece for follow-up meetings with Greek officials, after Premier Kyriakos Mitsotakis visited China last week. At that time, the leaders said they wanted to expand relations between two of the world’s oldest civilisations. ...