Uncategorized

Bloomberg Huawei Technologies Co., which just edged past Apple Inc. to become the world’s second-largest smartphone maker, wants to be top of the heap before the end of 2019. The Chinese giant shipped more than 95 million phones in the first six months, up about 30 percent from a year earlier. Consumer division chief Richard Yu said he wants Huawei ...

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, visited Mohammed Bakheet Al Ketbi on Saturday at his residence in Al Ain. Al Ketbi and his family, along with several Emiratis and dignitaries, welcomed His Highness Sheikh Mohamed bin Zayed’s visit, while appreciating ...

Dubai / Emirates Business The Dubai Land Department (DLD) has played an important role in strengthening the alliance between the United Arab Emirates and the People’s Republic of China over the past decades by working with its partners to further attract Chinese investors, and to identify the investment opportunities available in Dubai and the UAE in general. Her Excellency Majida ...

SHARJAH / WAM Mohamed Ahmed Amin, Acting Director-General of the Sharjah Chamber of Commerce and Industry (SCCI) and Omar Moham-med Salleh, Trade Commissioner of the Malaysia Trade Centre at the Consulate General of Malaysia in the UAE, discussed ways of developing economic relations and expanding trade between Sharjah and alaysia. The meeting was held at the SCCI headquarters, where the ...

SAO PAULO / WAM The UAE is marking the centenary of the birth of its founding father, the late Sheikh Zayed bin Sultan Al Nahyan, and Sharjah was seen dedicating a panel in its cultural programme for the Sao Paulo International Book Fair, to celebrate the truly remarkable life and achievements of the UAE’s greatest visionary. Titled ‘Year of Zayed’, ...

Bloomberg US Secretary of State Michael Pompeo warned against easing up on sanctions until North Korea gives up its nuclear weapons, drawing a rebuke from the regime that underscored how far apart the two sides remain almost two months after their leaders met in Singapore. Back in Singapore for a regional security forum, Pompeo on Saturday called out Russia and ...

Bloomberg Teva Pharmaceutical Industries Ltd. plummeted the most in six months after US sales fell amid price erosion for generic drugs, the company’s biggest business. The 18 percent slump in overall second-quarter sales to $4.7 billion trailed analysts’ average estimate and was led by a decline in sales of copycat drugs in North America. Rapid approvals for generic medicines and ...

Bloomberg The latest US jobs report showed the kind of gains that justify the Federal Reserve’s plans to keep raising interest rates and also give central bankers little urgency to pick up the pace. Employers added workers at a steady, albeit cooler, pace in July, and the prior two months were revised higher, Labor Department figures showed. Wages extended their ...

Bloomberg When the Acura NSX debuted at the Chicago Auto Show in 1989, it featured such newfangled technologies as an all-aluminum monocoque body, forged pistons, and titanium connecting rods. At the time, it was regarded as the best sports car ever produced by an Asian brand. “It was looked at as a fantastic car, relative to what you could buy ...

Bloomberg The trade war between the world’s two biggest economies is taking on a life of its own. When President Donald Trump first threatened to slap tariffs on Chinese goods in March to punish Beijing for stealing American intellectual property, trade experts warned the two nations risked slipping into a downward spiral of tit-for-tat trade actions. The global economy now ...