Abu Dhabi / Emirates Business Etihad Airways, the national carrier of the United Arab Emirates, has become the first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations (UNSDGs). Through a partnership with First Abu Dhabi Bank and Abu Dhabi Global Market, the airline will borrow AED 404.2 million ...
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China clampdown on illegal meat puts $2b trade at risk
Bloomberg China’s crackdown on illegal meat imports has left India, one of the biggest exporters of buffalo meat, scrambling for a new buyer. China has adopted stricter border controls due to African swine fever, meaning Indian buffalo meat exports into China that usually flow through Vietnam has all but stopped. Indian exporters are now hoping Indonesia can more than triple ...
Read More »Nissan gives 2-day furlough for US workers
Bloomberg Nissan Motor Co ordered a furlough of employees for two days at the beginning of January, the latest cost-cutting move as US sales continue to slide. Nissan North America is closing US offices on January 2 and 3 to “optimise business performance and competitiveness,†the company said in an emailed statement. In a memo to employees, North America Chairman ...
Read More »AOC, Sanders say I told you so as Amazon, FB move to NYC
Bloomberg Democratic Representative Alexandria Ocasio-Cortez and presidential candidate Bernie Sanders are taking a victory lap after Amazon.com Inc and other technology giants leased millions of square feet of office space in New York City — without the billions of dollars in government support that Amazon tried to negotiate earlier this year. Amazon signed a leasefor 335,000 square feet in the ...
Read More »Ericsson to pay $1bn to settle US corruption probe
Bloomberg A unit of Ericsson AB pleaded guilty to foreign bribery and the parent company agreed to pay more than $1 billion to resolve a long-running US corruption investigation involving payoffs in Asia and the Middle East. The Stockholm-based company admitted to a years-long campaign of corruption aimed at solidifying its grip on the telecommunications business, US Attorney Geoffrey S ...
Read More »Macron faces protests over pension reform
Bloomberg French labour unions called for a new day of protests seeking to force President Emmanuel Macron to either sweeten his pension-reform plan or abandon it. After more than 800,000 protesters took to the streets across France — the biggest such turnout since Macron took office in May 2017 — unions have been emboldened. They have extended their strikes into ...
Read More »North Korea’s UN envoy says denuclearisation off table
Bloomberg Denuclearisation is off the negotiating table with the US, North Korea’s ambassador to the United Nations said in a strongly-worded statement that also criticized EU member nations for playing “the role of pet dog†to Washington. Ambassador Kim Song said that the “sustained and substantial dialogue†sought by the US with Pyongyang was a trick done to suit its ...
Read More »WEEGS 2019 to enhance capacities of women
Sharjah / WAM Twenty-nine action and result-oriented workshops touching upon a diverse range of topics, and which seek to promote women’s economic participation and advancement across sectors, will be amongst the key highlights of the second edition of the Women’s Economic Empowerment Global Summit (WEEGS), to be held from December 10-11, at the Al Jawaher Reception and Convention Centre in Sharjah. ...
Read More »Sharjah set to hold bargain furniture fair on Dec 11
Sharjah / WAM With the onset of the festival season, residents looking for best quality furniture and furnishing materials can bank on an upcoming consumer fair in Sharjah. Showcasing the widest range of products from fast-moving high-volume items to high-end designs, at bargain deals, the inaugural home furnishing exhibition “Furniture 360” will bring together leading brands and stores in the ...
Read More »Trump, Moon agree dialogue with N Korea should continue
Bloomberg US President Donald Trump and his South Korean counterpart Moon Jae-in said talks involving North Korea should continue, referring to the situation on the peninsula as grave. The two leaders spoke by phone for about 30 minutes on Saturday morning in Seoul, in a call that took place at Trump’s request, according to Moon’s spokeswoman Ko Min-jung. “The two ...
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The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
				 
				
			 
				
			 
				
			 
				
			 
				
			 
				
			 
				
			 
				
			 
				
			