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Bloomberg Iran’s supreme leader scorned the idea of negotiations to ease his country’s tense standoff with the US in his first comments since being sanctioned by Donald Trump. “If we agree in negotiations to their demands, they will make the nation miserable,” Ayatollah Ali Khamenei said, arguing Washington was attempting to strip Iran of its economic and defense capabilities. “And ...

LONDON / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Abu Dhabi National Oil Company (Adnoc) Group CEO, participated, on Tuesday, in the inaugural ‘Bloomberg Emerging and Frontier Forum’, which brought together global financial policymakers in a dialogue on the key economic issues related to growth in emerging and frontier markets. Speaking during the day-long forum ...

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, received a telephone call from Japanese Prime Minister Shinzo Abe, during which they held talks on current ties between the two countries and ways of developing them across multiple sectors. Sheikh Mohamed bin Zayed ...

Washington / WAM The Governments of the United Arab Emirates and the United States of America have reaffirmed their ongoing commitment to further deepening ties between the two countries, and the importance of the US-UAE economic relationship in promoting regional prosperity and stability. The countries expressed their resolve during their sixth Economic Policy Dialogue held in Washington, DC. UAE Director ...

ABU DHABI / WAM Following a recent announcement from Ghadan 21 that aims to bolster private sector growth in Abu Dhabi, Hub71 announced on Tuesday the strategic decision of four startup pioneers to set up a presence with the majority of their development and engineering capabilities at Hub71 in Abu Dhabi. The startups include UAE-based BitOasis, the largest digital asset ...

Bloomberg Nissan Motor Co pledged to put more focus on mending its troubled two-decade alliance with Renault SA as the Japanese carmaker’s shareholders voted to give the French partner more say over its future. At Nissan’s annual meeting in Yokohama, shareholders approved a governance structure designed to boost oversight and prevent the concentration of corporate power in one individual, seeking ...

Bloomberg For years, companies like Oracle and International Business Machines (IBM) invested heavily to build new markets in China for their industry-leading databases. Now, boosted in part by escalating US tensions, one Chinese upstart is stepping in, winning over tech giants, startups and financial institutions to its enterprise software. Beijing-based PingCAP already counts more than 300 Chinese customers. Many, including ...

Bloomberg UK Trade Secretary Liam Fox dismissed fears that foreign companies will slow down their investment in domestic technology businesses, despite the ongoing uncertainty around the country’s exit from Europe. “If you take the legal system, skills of the workforce, the regulatory and tax systems, linguistic skills, access to tech, and IP law, not one of those is affected to ...

Bloomberg AbbVie Inc. agreed to buy rival drugmaker Allergan Plc for $63 billion in a deal combining the makers of arthritis drug Humira and wrinkle treatment Botox in a bid to kindle growth. The takeover, at a value of $188.24 a share, is a 45 percent premium to Allergan’s closing price. Allergan rose 33 percent to $172 in pre-market trading ...

Bloomberg Glencore Plc is cutting out many of its intermediaries — the agents and dealmakers once essential to cracking the toughest markets — amid growing scrutiny of its operations around the world. Under pressure from its compliance division, Glencore is dismantling much of its glo-bal network of trading agents, according to people familiar with the situation. To continue operating, the ...