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Trump warns Assad against reckless assault on Syria’s Idlib

Bloomberg US President Donald Trump warned Syrian President Bashar al-Assad and his Russian and Iranian allies against “recklessly” attacking the northwestern province of Idlib, the last major holdout of rebels in the country’s seven-year-old civil war. Donald J. Trump @realDonaldTrump President Bashar al-Assad of Syria must not recklessly attack Idlib Province. The Russians and Iranians would be making a grave ...

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China explores megamerger of mobile-phone carriers

Bloomberg China is exploring a merger between two of the nation’s three wireless carriers to speed up the development of 5G mobile services amid a race with the US over the technology, according to people familiar with the matter. The country’s top leaders are reviewing a proposal to combine China United Network Communications Group Co. and China Telecommunications Corp. but ...

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Strongest typhoon in 25 years makes landfall in Japan

Bloomberg Typhoon Jebi swept through western Japan on Tuesday as the strongest tropical cyclone to come ashore in 25 years, causing widespread power outages and flooding the region’s main airport. One person was reported killed. The storm paralysed the country’s second-largest population center around Osaka, with companies forced to temporarily close their plants, and power cut to more than 800,000 ...

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Trump’s trade war with China may hit parts of your car first

Bloomberg The US-China trade war threatens to make September a very slow month at ED Opto Electrical Lighting Co.’s auto-parts factory in the eastern Chinese city of Zhenjiang. With President Donald Trump slapping tariffs on items like car gaskets and ignition wiring sets in July, American buyers of the company’s LED car lights pushed hard over the summer to get ...

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Scor spurns $9.6bn bid from insurer’s biggest investor

Bloomberg French reinsurer Scor SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it’s still interested in pursuing a deal. Scor shares climbed the most in almost a decade. Covea, a French mutual insurer that already has an 8.2 percent stake in Scor, said that it offered to buy the remaining stock for ...

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Tropical Storm Gordon to strike US Gulf Coast as hurricane

Bloomberg Tropical Storm Gordon will grow into a hurricane as it grazes offshore natural gas and oil fields, where it has already sparked evacuations, before coming ashore over the lower Mississippi Valley later on Tuesday or early Wednesday. Gordon, with top winds of 65 miles (100 kilometres) per hour, was about 230 miles east-southeast of the mouth of Mississippi River, ...

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Arab Future Cities Summit opens

Dubai / WAM Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Board of Directors of the Sheikh Zayed Housing Programme, on Monday launched the 5th Arab Future Cities Summit 2018 in Dubai. The two-day summit was organised by the Ministry of Infrastructure Development and the Sheikh Zayed Housing Programme, in cooperation with “Expotrade ...

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Sheikh Nahyan inaugurates pharma event in Abu Dhabi

Abu Dhabi / Emirates Business HE Sheikh Nahyan bin Mubarak al Nahyan, Minister of Tolerance, on Monday officially inaugurated CPhI Middle East & Africa 2018, the region’s leading platform for the pharmaceutical industry, followed by a tour of the exhibition. This year’s show is making its regional debut in the UAE, taking place at the Abu Dhabi National Exhibition Centre ...

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UAE central bank reviews Q2 report

ABU DHABI / WAM The Board of Directors of the UAE Central Bank held its seventh meeting for 2018 on Sunday, under the chairmanship of Khalifa Al Kindi, Chairman of the Board. During the meeting, which was held at the Central Bank’s premises, the board reviewed a memo regarding the Macro Prudential Policy stance report – Q2 2018, and instructed ...

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‘Global energy forum’ returns to Abu Dhabi in 2019

ABU DHABI / WAM The third annual Atlantic Council Global Energy Forum will be held in Abu Dhabi on January 12-13, 2019, again kicking off Abu Dhabi’s Sustainability Week. The two-day event gathers international and regional political, industry, and thought leaders to set the global energy agenda for the year and examine the longer-term geopolitical and geo-economic implications of the ...

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