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Bloomberg Jaguar Land Rover plans to build a new range of electrified cars in the UK, safeguarding thousands of jobs and providing a boost for a British automotive industry that’s been rocked by job cuts and plant closures. The move involves hundreds of millions of pounds in investments. It guarantees the future of the company’s Castle Bromwich plant in central ...

ABU DHABI / WAM Experts at the path-breaking Abu Dhabi Climate Meeting, the precursor to the UN Climate Action Summit set to take place in September 2019 in New York, outlined a series of key recommendations that they believe are non-negotiable if the global community is to meet targeted climate action objectives. The first of these is driving green economy ...

Dubai / WAM DP World, UAE Region has launched ‘The India-UAE Bridge’, a major initiative that will attract Indian trade and investments to its flagship Jebel Ali Port and Jafza by offering end-to-end solutions to companies and entrepreneurs. A joint collaboration of DP World UAE Region, Jafza and the Indian Business and Professional Council (IBPC), the solutions delivered under the ...

Abu Dhabi / WAM The Registration Authority of the Abu Dhabi Global Market (ADGM) signed a cooperation agreement with the Department of Land and Real Estate Regulation in Ajman (ARRA) to foster new business opportunities and strengthen economic integration between the two emirates. Through the agreement, companies registered in the ADGM will be able to own property in freehold areas ...

SINGAPORE / WAM Abu Dhabi Securities Exchange (ADX) represented by Acting Chief Executive Khalifa Salem Al Mansouri, has participated in the 7th edition of the World Islamic Banking Conference (WIBC) Capital Markets Summit Asia that concluded in Singapore. Under the theme ‘stre-ngthening investment outlook through robust capital markets’ the GCC-Asean investment forum was attended by more than 250 professionals. The ...

Bloomberg An attack on a Libyan detention centre that killed at least 44 people may constitute a war crime, a United Nations envoy said, adding to international pressure to end a battle for the capital that’s threatening to tear the North African Opec member apart. Libya’s UN-backed government accused eastern commander Khalifa Haftar of ordering an overnight airstrike that hit ...

Bloomberg The US Commerce Department imposed duties of more than 400 percent on steel imports from Vietnam, accusing some businesses of shipping products from the Southeast Asian nation to evade the levies in a further escalation of tension between the two trading partners. In three preliminary circumvention rulings on Vietnamese steel, the Commerce Department said certain products produced in South ...

Bloomberg Indian businessman Vijay Mallya won the right to challenge extradition to his home country, at a hearing where he said he’s been turned into “the personification of all of India’s financial ills” and risks being held in a rat-infested, overcrowded jail cell. Mallya, the former billionaire who was known as the “King of Good Times” in India, is fighting ...

Bloomberg HP Inc and Dell Technologies Inc plan to move as much as 30 percent of their notebook production away from China, the Nikkei cited anonymous sources as saying, as global technology giants scramble out of the way of escalating tariffs on US-bound goods. Microsoft Corp, Amazon.com Inc, Sony Corp and Nintendo Co are also looking to move some of ...

Bloomberg French police raided Renault SA’s headquarters outside Paris to gather evidence for an investigation related to spending by former Chairman Carlos Ghosn. A spokesman for Renault confirmed the police presence following a report by L’Express, while an official at the prosecutor’s office didn’t immediately respond to requests for comment. French investigators opened a probe earlier this year into whether ...