Uncategorized

Bloomberg Ford Motor Co. is expanding its driverless delivery experiment beyond pizza by partnering with Postmates to test what it will take to eventually remove the driver from on-demand distribution. The carmaker and the startup, which connects consumers with drivers to deliver their groceries, take-out and other purchases, will team up this year on a pilot programme that explores how ...

Bloomberg Congressional Republicans got the green light from President Donald Trump to negotiate an immigration deal with Democrats, potentially clearing a stalemate that’s stalled action on multiple issues, including funding to keep the government from shutting down next week. During an unusual public meeting with bipartisan members of Congress at the White House, Trump offered a broad outline for an ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), on Tuesday awarded the two Front End Engineering Design (FEED), contracts for its planned offshore ultra-sour gas mega-project, which consists of the Hail, Ghasha and Dalma fields. Bechtel was awarded the Hail and Ghasha FEED Contract, and TechnipFMC the Dalma FEED Contract. Both are worth many hundreds of millions ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Tuesday attended the graduation ceremony of postgraduates with master’s and doctoral degrees, as well as the 25th batch of cadet officers with a Bachelor’s degree in Law and Police Science. The ceremony was attended by HH ...

DUBAI / Emirates Business The Dubai Land Department (DLD) revealed the annual results of the Dubai real estate market for 2017, with the total real estate transactions exceeding AED285 billion through 69,000 real estate transactions. Commenting on DLD’s Annual Transactions Report, which summarizes the market activity over the past year, Sultan Butti bin Mejren, Director General of DLD, said: “The ...

DUBAI / Emirates Business Emirates and flydubai will offer travellers even more connectivity and flight options in 2018, with new codeshare flights planned to Krakow in Poland from April 8, and Catania in Italy from June 13. Both Dubai-based airlines currently offer customers a breadth of travel options across their complementary networks, with codeshares to 81 destinations and more to ...

Bloomberg After selling billions of dollars of debt backed by consumer loans in 2017, Chinese billionaire Jack Ma’s Ant Financial is pausing such fundraising as the government steps up curbs on micro lending. The company hasn’t sold any asset-backed securities (ABS) since early December, according to data compiled by Bloomberg and China Securitization Analytics. That marks an abrupt shift after ...

Bloomberg Samsung Electronics Co. missed analyst profit estimates as South Korea’s surging currency and year-end bonuses outweighed display orders from Apple Inc. for the new iPhone X. Operating income was 15.1 trillion won ($14.2 billion) in the three months ended in December, missing the average of estimates by 1 trillion won. Shares fell in Seoul after the result. Samsung is ...

Bloomberg President Donald Trump told a group of farmers that recent tax cuts and deregulation will revitalise the US rural economy. Trump’s speech at the American Farm Bureau Federation’s annual conference in Nashville was his first policy address since Congress passed the $1.5 trillion tax overhaul. He said agricultural producers, businesses and workers will all benefit from the legislation, and ...

Bloomberg Apple Inc. faces a French criminal probe into allegations from consumer groups that it’s deliberately shortening the life of iPhones. The investigation, confirmed by Paris prosecutors, comes just weeks after the US technology giant apologised to customers for software changes it says unintentionally reduced the performance of older smartphones to prevent unexpected shutdowns. The authorities opened a preliminary investigation ...