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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 ...

Bloomberg Lawmakers are set this week to reject the Brexit deal Theresa May agreed with the European Union, plunging Britain deeper into crisis with less than 11 weeks remaining before Britain is due to leave the bloc. Writing in the Sunday Express newspaper, the prime minster made a last-ditch appeal, warning that defeat for the government on Tuesday would amount ...

Bloomberg As Poland added to the global scrutiny of Huawei Technologies Co with the arrest of a company employee and a local former security agent, the country’s authorities also exposed the division in Europe over policy towards the Chinese technology giant. Huawei is facing increasing pressure across the European Union amid growing concerns that Beijing could use the company’s equipment ...

Bloomberg Toyota Motor Corp — in an unusual move for the cut-throat car business — has decided to share with rivals an automated safety system that uses self-driving technology to keep cars from crashing. The system, known as Guardian, will take control of a car and steer it around an impending crash or accelerate out of the path of an ...

Bloomberg A $4.7 billion jury verdict against Johnson & Johnson in July helped spark the company’s biggest annual share loss in a decade, spotlighting the potential cost of alleged health risks from its popular baby powder. But investors may have overreacted when a St. Louis jury sided with 22 women who claimed asbestos in the powder caused their ovarian cancer. ...