Bloomberg Fiat Chrysler Automobiles NV is partnering with Silicon Valley startup Aurora Innovation Inc. to develop and deploy a fleet of self-driving commercial vehicles in a bid to catch up with other automakers that have invested heavily in the technology. The two companies signed an agreement to integrate Aurora’s self-driving platform into Fiat Chrysler’s commercial vehicle lines in the US. ...
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Abu Dhabi Airport signs deal to enhance quality of services
ABU DHABI / WAM Abu Dhabi Airport will offer high-quality services to passengers covering various areas including customs declaration, baggage check-in and smart gates, among others after five government entities signed a cooperation agreement. The Memorandum of Cooperation (MoC), was signed between Abu Dhabi Airports, Etihad Airways, General Administration of Customs, the Federal Authority for Identity and Citizenship and Abu ...
Read More »UAE cabinet okays National Strategy for Wellbeing 2031
Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, adopted the National Strategy for Wellbeing 2031 during its meeting at the Presidential Palace in Abu Dhabi. The Cabinet meeting was attended by His Highness Lt. General Sheikh Saif bin Zayed Al ...
Read More »Funn all set to organise ‘VGX event’ in Sharjah
SHARJAH / WAM FUNN, a Sharjah-based organisation that supports media arts learning for children and youth in UAE, announced that it will organise VGX Event, from June 19-21, at the Expo Centre, Sharjah. The event will be the first of its kind to be held in the emirate of Sharjah, dedicated to tapping the popularity of video games among children ...
Read More »Emirates SkyCargo strengthens pharma capabilities
Dubai / Emirates Business Reinforcing its position as the global market leader for the air transport of temperature sensitive pharmaceuticals, Emirates SkyCargo has significantly boosted its worldwide pharma handling capabilities and infrastructure. New dedicated pharma facility at Chicago Emirates SkyCargo has commenced handling pharmaceutical cargo at a new purpose-built facility in Chicago. The facility, dedicated solely for pharmaceutical shipments, is ...
Read More »Airbnb Japan listings rebound after home-sharing law freeze
Bloomberg Airbnb Inc says it’s back in business in Japan, a year after stricter home-sharing regulations forced it to freeze a major portion of its listings in the country. There are 50,000 listings available in the country, with another 23,000 rooms in hotels and traditional inns known as ryokan, Airbnb said in a statement. That’s compares with 60,000 total in ...
Read More »Duterte seeks arrests, health insurer revamp over dialysis scam
Bloomberg President Rodrigo Duterte has ordered the arrest of those involved in a dialysis treatment scam that defrauded Philippine Health Insurance Corp, and plans a revamp of the state-run insurer for losing more than $2.89 billion from fictitious claims and abuse. “I will really go after this†and “I am ordering the National Bureau of Investigation†to take over, invite ...
Read More »Blackstone plans $6.8 billion European warehouse unit
Bloomberg Blackstone Group LP plans to pool 6 billion euros ($6.8 billion) of its smaller European warehouse investments in a new company that will ultimately be publicly listed or sold. The private-equity giant is in the process of hiring an executive to run the company, which will manage its holdings of logistics properties close to towns and cities, according to ...
Read More »British economy set for slowdown as Brexit stockpiling boost fades
Bloomberg UK manufacturing slumped in April as the boost from Brexit stockpiling evaporated and car factories halted work, boding ill for the economy in the second quarter, figures on Monday are expected to show. Production fell by 1.4 percent from March, the biggest decline since the start of 2017, according to a Bloomberg survey. With little support from construction and ...
Read More »Ford to close UK engine factory as part of European operations revamp
Bloomberg Ford Motor Co. is planning to close a UK engine factory as the last major step in an overhaul of its unprofitable European operations. The Bridgend, South Wales plant, which employs about 1,700 workers, builds engines for several Ford models in Europe, including the Fiesta and B-Max. Its future became uncertain 18 months ago when Jaguar Land Rover said ...
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