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SAO PAULO / WAM The UAE is marking the centenary of the birth of its founding father, the late Sheikh Zayed bin Sultan Al Nahyan, and Sharjah was seen dedicating a panel in its cultural programme for the Sao Paulo International Book Fair, to celebrate the truly remarkable life and achievements of the UAE’s greatest visionary. Titled ‘Year of Zayed’, ...

Bloomberg US Secretary of State Michael Pompeo warned against easing up on sanctions until North Korea gives up its nuclear weapons, drawing a rebuke from the regime that underscored how far apart the two sides remain almost two months after their leaders met in Singapore. Back in Singapore for a regional security forum, Pompeo on Saturday called out Russia and ...

Bloomberg Teva Pharmaceutical Industries Ltd. plummeted the most in six months after US sales fell amid price erosion for generic drugs, the company’s biggest business. The 18 percent slump in overall second-quarter sales to $4.7 billion trailed analysts’ average estimate and was led by a decline in sales of copycat drugs in North America. Rapid approvals for generic medicines and ...

Bloomberg The latest US jobs report showed the kind of gains that justify the Federal Reserve’s plans to keep raising interest rates and also give central bankers little urgency to pick up the pace. Employers added workers at a steady, albeit cooler, pace in July, and the prior two months were revised higher, Labor Department figures showed. Wages extended their ...

Bloomberg When the Acura NSX debuted at the Chicago Auto Show in 1989, it featured such newfangled technologies as an all-aluminum monocoque body, forged pistons, and titanium connecting rods. At the time, it was regarded as the best sports car ever produced by an Asian brand. “It was looked at as a fantastic car, relative to what you could buy ...

Bloomberg The trade war between the world’s two biggest economies is taking on a life of its own. When President Donald Trump first threatened to slap tariffs on Chinese goods in March to punish Beijing for stealing American intellectual property, trade experts warned the two nations risked slipping into a downward spiral of tit-for-tat trade actions. The global economy now ...

Bloomberg Fiat Chrysler Automobiles NV filed a US trade complaint seeking to prevent Indian automaker Mahindra & Mahindra Ltd. from importing an off-road vehicle that looks similar to its iconic Jeep. The Fiat Chrysler group filed the complaint on August 1 at the US International Trade Commission, claiming that the Mahindra Roxor infringes key characteristics of Jeep’s signature trade dress ...

Bloomberg Oil fell to the lowest in more than a week amid a surprise jump in US crude inventories and an escalating trade dispute between the US and China. Futures in New York fell as much as 1.4 percent. The American Petroleum Institute was said to report US stockpiles rose 5.59 million barrels last week. Meanwhile, the US will propose ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry recently participated in a seminar held in Minsk, Belarus, where representatives from the chamber’s Azerbaijan office highlighted the business potential that Dubai can offer Belarusian food exporters. The seminar, organised by the Belarus Chamber of Commerce and Industry, aimed to familiarise participants with guidelines governing halal food products that are ...

Dubai / Emirates Business Dubai welcomed a record 8.10 million international overnight tourists during the first six months of 2018, representing a consistent increase on the same period last year. Figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) have confirmed the continued success of the emirate’s tourism sector, which at the end of 2017 was worth ...