Bloomberg So many world leaders came to the French capital on Sunday to commemorate the end of World War I that organisers had to use buses to move them around. But the focus was on whether two of the 69 — Donald Trump and Vladimir Putin — would find time to get together amid the ceremonies. French President Emmanuel Macron ...
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A fifth of China’s housing is empty. That’s 50mn homes
Bloomberg Chinese President Xi Jinping’s mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country. Soon-to-be-published research will show roughly 22 percent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That adds up to ...
Read More »Amazon Go has a real rival in Japan
Bloomberg Amazon.com Inc. is betting that stores of the future won’t have any clerks or registers. A company in Japan thinks it can get there first. Signpost Corp., which has a staff of about 100, has already deployed its technology in a kiosk on the platform of a train station in Tokyo. It’s an ideal testing ground: a small space ...
Read More »Merkel flays EU in bid to nurture global players
Bloomberg German Chancellor Angela Merkel’s desire to nurture more “global players†has turned Berlin’s gaze towards Brussels and to reshaping European Union rules that clamp down on mergers and technology giants. Merkel, facing her final years as German leader, has criticised the EU for focussing too much on competition in narrow European national markets at the expense of the bigger ...
Read More »Argentine economic rebound to begin in Q2
Bloomberg Argentina’s deepening recession will continue through the first quarter before the economy sees a sustained and gradual recovery, the International Monetary Fund said, while outlining a long list of threats to that rebound. “The bottom — the floor — is going to be in the first quarter,†mission chief Roberto Cardarelli told journalists in Buenos Aires. “We believe the ...
Read More »All-male boards at top UK firms near end
Bloomberg All-male boards at the UK’s biggest companies are nearing extinction, a sign that government efforts to increase gender parity are paying off. Just five companies in the FTSE 350 Index have no women at the top table, down from eight in 2017, according to data from the annual Hampton-Alexander Review that will be released in full on Tuesday. The ...
Read More »New projects, growing demand behind Dubai’s improved outlook
Dubai / WAM Businesses in Dubai displayed a brighter outlook for the months ahead with stronger sales and revenues expected due to new projects and seasonal increase in tourist arrivals. The quarterly business survey of the Department of Economic Development (DED) also showed that more than 88% of the businesses foresee stronger or stable results throughout the rest of the ...
Read More »Preparatory actions for Annual Investment Meeting launched
Dubai / Emirates Business Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, Ruler of Dubai, Annual Investment Meeting (AIM), the premier event in foreign direct investment in the Middle East and North Africa, has launched the preparatory actions for its 9th edition on April 8-10, 2019 in Dubai. In ...
Read More »UAE makes a quantum leap in global competitiveness ranking
Dubai / WAM The UAE has made a new leap in the Global Competitiveness Index (GCI), according to the recent Global Competitiveness Report issued by the World Economic Forum (Davos) 2018, where the country has advanced 18 places in “ICT Adoption†from 24th to 6th place in the world. This theme measures the efficiency of the telecommunications sector in countries ...
Read More »One million people visit Louvre Abu Dhabi in first year
Abu Dhabi / WAM Louvre Abu Dhabi on Saturday announced that it has welcomed more than one million visitors in its first year, establishing itself as one of the leading cultural institutions on the global stage. Commenting on the first anniversary of Louvre Abu Dhabi, Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism – Abu Dhabi, ...
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