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US president warns Russia to ‘get ready’ as Syria missiles coming

Bloomberg President Donald Trump said relations with Russia are worse than they have ever been and warned the country to “get ready” because a volley of US missiles would soon be sent into Syria in response to a suspected chemical weapons attack. “Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will ...

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Flipkart prefers Walmart over Amazon for acquisition

Bloomberg Walmart Inc. looks likely to take the next round in the battle for India’s retail market over rival Amazon.com Inc. Flipkart Online Services Pvt, the country’s leading e-commerce company, is leaning towards selling a controlling stake to the Bentonville, Arkansas-based company, rather than Amazon, because of the greater certainty in such a deal, according to people familiar with the ...

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Billionaire Indonesian brothers diversify into phone towers

Bloomberg Indonesian billionaire brothers Michael Hartono and Budi Hartono, who built their fortunes by providing banking services, are now turning their focus on telecom. PT Sarana Menara Nusantara, backed by Hartonos’ Djarum Group, is open to acquisitions to consolidate its leadership position in the cellular tower business, according to Vice President Director Adam Gifari. Sarana has cash or cash equivalent ...

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UK businesses want to stick to European rules after Brexit

Bloomberg British businesses overwhelmingly want to stick to European rules after Brexit, according to the most detailed sector-by-sector analysis of what companies need the UK to fight for in negotiations. The Confederation of British Industry, which compiled the data, argues that the opportunities presented by breaking free from European Union regulations are vastly outweighed by the cost of losing access ...

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French economy loses momentum as Macron gambles for long-term benefits of reforms

Bloomberg The French economy may have just had its worst quarter in more than a year and there could be further pain ahead if planned strikes opposing President Emmanuel Macron’s reforms go forward. Industrial sentiment fell to the lowest in more than a year in March and manufacturing output unexpectedly declined in February, according to reports this week. A broad ...

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Volkswagen to give unions management board seat

BERLIN / Reuters Volkswagen will give labour leaders a management board seat as part of a broad agreement to win approval for Herbert Diess as the German carmaker’s new chief executive, sources said on Wednesday. Europe’s largest automotive group is poised to replace group chief executive Matthias Mueller this week with Diess, a cost-cutter hired in 2015 from BMW as ...

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UAE to develop Egypt ties into highest level of cooperation

Cairo / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and President of Egypt Abdel Fattah el-Sisi, discussed the fraternal relations between the two countries and ways to enhance them as well as the overall regional and international issues of mutual interest. This came when ...

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UAE, Georgia review economic, investment and trade relations

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and President Giorgi Margvelashvili of Georgia, on Tuesday held official talks on bilateral ties and global developments. The two sides discussed relations of cooperation and friendship between the UAE and Georgia, and the means ...

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Adnoc launches historic oil and gas exploration round

Abu Dhabi / WAM “For the first time in our history, on behalf of the Supreme Petroleum Council, Adnoc will make available six new, large onshore and offshore blocks for competitive bid within the Emirate of Abu Dhabi,” Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of Abu Dhabi National Oil Company (Adnoc), said. Dr Al ...

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Final dome structure at Barakah N-energy plant complete

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (ENEC), said on Tuesday that it has successfully completed the Reactor Containment Building (RCB), dome for Unit 4, the final unit of the Barakah Nuclear Energy Plant, marking another milestone in the development of the plant, located in the Al Dhafrah region of Abu Dhabi. ENEC also said that the Unit’s ...

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