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Bloomberg The federal gas tax should be increased to help modernise US roads, bridges and other public works, and Congress must expand funding and financing options for projects, US Chamber of Commerce President Thomas Donohue said. The chamber is calling on Congress and the Trump administration to raise federal fuel taxes by 25 cents, pass initiatives including a new federal ...

Bloomberg The US government officially entered a partial shutdown on Saturday as Senate Democrats and a handful of Republicans blocked a bill to fund the government after the two parties failed to break their deadlock over immigration. The shutdown began one year from the day President Donald Trump was inaugurated. Trump and his aides were typically defiant, with his press ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Wednesday visited the Abu Dhabi Sustainability Week (ADSW 2018), the largest sustainability gathering in the Middle East. His Highness toured various exhibition pavilions at the show currently taking place at Abu Dhabi National Exhibition Centre (ADNEC), from ...

Abu Dhabi / WAM His Highness Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, on Wednesday visited Abu Dhabi Sustainability Week, ADSW 2018, at ADNEC. During his tour, Sheikh Hamed bin Zayed, while accompanied by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the Abu Dhabi Future Energy Company, ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), and Abu Dhabi Future Energy Company (Masdar), held a panel discussion entitled ‘Renewables making waves in the Pacific: A new humanitarian model?’ that highlighted the success of the UAE-Pacific Partnership Fund (UAE-PPF). Held during Abu Dhabi Sustainability Week 2018, the session offered a fascinating glimpse into the role of aid ...

DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) announced that it will host a series of “Business Best Practice Seminars” this month as part of the 10th cycle of Mohammed bin Rashid Al Maktoum (MRM) Business Award and the 2nd cycle of the MRM Business Innovation Award. Three best practice seminars, to be held on January 22nd, ...

Bloomberg India is considering a plan to sell its ownership in Hindustan Petroleum Corp. (HPCL) to the nation’s biggest explorer at a premium of not more than 9 percent of the company’s six-month average share price as it seeks to reach a final agreement as early as January 31, according to people with knowledge of the matter. Capping the premium ...

Bloomberg Hindustan Unilever Ltd.’s revenue climbed 4.1 percent in the third quarter as India’s largest consumer-goods company widened the gap with competition including from yoga guru Baba Ramdev’s Patanjali Ayurved Ltd. Revenue at the Indian unit of Unilever rose to 87.4 billion rupees ($1.4 billion) in the three months through December, the Mumbai-based company said. That exceeded the 84.3 billion-rupee ...

Bloomberg European car sales reached a 10-year high in 2017 as widening economic growth boosted consumer confidence, with SUVs from French manufacturers Peugeot and Renault, Italian competitor Alfa Romeo and Japanese rival Toyota propelling demand. Registrations in 2017 increased 3.3 percent to 15.6 million vehicles, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said in a statement. The figure was ...

Bloomberg European Commission President Jean-Claude Juncker offered a new twist in his campaign to keep Britain part of the EU. A day after urging British Prime Minister Theresa May to reverse Brexit before it happens in March 2019, the head of the European Union’s executive arm said the UK can always re-apply for membership after departing. Juncker cited the EU’s ...