Uncategorized

Bloomberg Kim Jong-un told the world this month that North Korea took steps to stop making nuclear weapons in 2018, a shift from his earlier public statements. The evidence shows production has continued, and expanded. Satellite-imagery analysis and leaked American intelligence suggest North Korea has churned out rockets and warheads as quickly as ever in the year since Kim halted ...

Bloomberg China’s exports slumped in December as a rush of orders to beat expected tariffs showed signs of fading and as domestic buyers succumbed to a worsening economic outlook. The worse than expected figures, with exports falling 4.4 percent in December from a year earlier, set a grim domestic backdrop for China’s negotiators as they seek a deal to end ...

Bloomberg Samsung Electronics Co unveiled a new range of inexpensive smartphones for India, seeking to win back customers in the world’s fastest-growing smartphone market and regain ground lost to Xiaomi Corp and other Chinese rivals. The three M series devices, all priced below 20,000 rupees ($283) apiece, will launch on February 5 on the Samsung India online store as well ...

Bloomberg Angela Merkel this week will seek to bridge divisions in Germany about how quickly to cut the nation’s reliance on coal, a controversial issue that has sparked violent clashes between green protesters and police and rattled its brittle governing coalition. The Chancellor will use a Tuesday dinner meeting in Berlin to press a panel plotting an exit from the ...

Bloomberg FedEx Corp is testing full-service residential delivery of bulky products, a $9 billion market that couriers had left to more traditional trucking companies because large items don’t fit well in their sorting operations. The service would be offered through FedEx’s freight business, which is a less-than-truckload operation geared more towards industrial shipments. Under a pilot project, FedEx is carrying ...

Bloomberg These should be boom times for Detroit. Unemployment is at a half-century low, gasoline is cheap and auto sales in the US were near record levels last year. Yet American automakers are closing factories, cutting shifts and laying off thousands of workers. The industry is behaving like a recession has arrived. In one segment of the market, it has. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that the UAE has become a hub for innovation and development, and it is on the right track to build a strong knowledge based economy. His Highness also stressed on the importance of keeping pace with ...

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 on Sunday, Prime Minister Ruhakana Rugunda of Uganda, who is currently visiting the country to attend Abu Dhabi Sustainability Week (ADSW). During the meeting, held at the Beach Palace, Sheikh Mohamed bin Zayed ...

ABU DHABI / WAM The Emirates Authority for Standardisation and Metrology (Esma), announced that the UAE is currently developing a regional regulation for air-conditioning systems for energy consumption in the Gulf Cooperation Council (GCC), countries. According to Abdulla Al Maeeni, ESMA Director-General, this regulation will be in cooperation with the Gulf Standardisation Organisation (GSO), and will be inspired by its ...

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received on Sunday, Claudio Descalzi, CEO of Eni, Italy’s largest energy company, during which a long-term agreement in oil and gas exploration was signed. The agreement awards Eni three long-term concessions to explore and develop onshore oil and gas fields in ...