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Bloomberg The National Highway Traffic Safety Administration (NHTSA) is investigating some 3 million US vehicles made by Hyundai Motor Co and Kia Motors Corp. following thousands of complaints that the vehicles went up in flames even without being involved in a crash. NHTSA tallied more than 3,000 complaints about the Hyundai and Kia vehicles that drivers lodged with the agency ...

Bloomberg Battered by more than a month of protests, Algerian President Abdelaziz Bouteflika said he would step down before the end of his fourth term on April 28, but suggested he would still craft the foundations of the transition to come. The announcement appeared aimed at avoiding what could be a military-sanctioned, and embarrassing, constitutional push to have him declared ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday visited Dubai Arena, the new multi-purpose arena developed by Meraas at City Walk. The venue is the largest indoor arena of its kind in the Middle East and North Africa region. His Highness affirmed that the ...

ABU DHABI / WAM In a bid to support the UAE’s national economy, Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has facilitated business deals worth AED16.5 billion for UAE companies over the last 10 years to implement ADFD-funded projects in developing countries. Capitalising on its close relations with developing countries, the Fund has ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Monday, that it has expanded its In-Country Value (ICV), Programme by appointing a group of six additional third-party certifying bodies who will be responsible for verifying and measuring suppliers’ ICV performance, bringing the total number of the Program’s certifying bodies to 12, from six. The signing ceremony ...

abu dhabi / wam Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Chairman of the Abu Dhabi Agriculture and Food Safety Authority, Mariam Hareb Almheiri, Minister of State for Food Security, opened the 6th edition of the Global Forum for Innovations in Agriculture (GFIA), in Abu Dhabi, in the ...

Bloomberg South Korean President Moon Jae-in urged Kim Jong-un to heed calls to return to the negotiating table after talks broke down between the North Korean leader and President Donald Trump. “I expect North Korea to respond to efforts made by South Korea and the US,” Moon said during a meeting with his senior advisers in Seoul. Moon is expected ...

Bloomberg Last September, two months before his arrest in Tokyo, then Nissan Motor Chairman Carlos Ghosn and the carmaker’s chief executive officer considered bringing in a new partner for the alliance with Renault SA and Mitsubishi Motors Corp, according to an email. At the time, Ghosn was under pressure to make the three-way automobile alliance “irreversible.” In a message to ...

Bloomberg The Chinese government said it will extend a suspension of retaliatory tariffs on US autos and include the opioid fentanyl in a list of controlled substances, two steps that could generate a positive atmosphere for trade negotiations due to resume this week. Beijing temporarily scrapped the 25 percent tariff imposed on vehicles as a tit-for-tat measure on January 1, ...

Bloomberg DSV A/S agreed to acquire Swiss rival Panalpina Welttransport Holding AG in a deal worth $4.6 billion that will create one of the world’s largest companies in logistics and freight forwarding. The board of directors of Panalpina recommended shareholders accept the mostly stock offer worth 196 Swiss francs a share, the companies said in a statement on Monday, confirming ...