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Bloomberg European Union governments tightened a proposed cap on carbon dioxide from cars in 2030, whittling away German resistance in a sign of heightened sensitivity across the bloc to road pollution. EU environment ministers set a CO2-reduction target for autos of 35 percent compared with 2021 in a bid to give a stronger spur to the development of electric vehicles. ...

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, witnessed several sessions of the two-day “2nd Mohamed bin Zayed Majlis for Future Generations,” which was held at the Abu Dhabi National Exhibition Centre. His Highness Sheikh Mohamed bin Zayed attended sessions presented by ...

Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, has reaffirmed the role of innovation in contributing to the economic upswing in the United Arab Emirates. Urging UAE youth to contribute to their country’s economic development, the minister, while addressing the second edition of the Mohammad Bin Zayed Majlis for Future Generations on Tuesday, ...

ABU DHABI / WAM The UAE will assist Kosovo in development of its capacities, in addition to attaining social and economic development through the progress of mutually-beneficial activities and frameworks, after the two sides signed a Memorandum of Understanding (MoU). The MoU was signed in Abu Dhabi by Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, and ...

ABU DHABI / WAM In a pioneering move for the insurance industry, Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, has announced it will utilise Al Etihad Credit Bureau (AECB) products. As per UAE Federal Law No. (6) of 2010 concerning Credit Information, AECB regularly collects credit information from financial ...

Bloomberg Tokyo will lose the crown of being the world’s most populous city to Jakarta by 2030, according to Euromonitor International. The population in Jakarta, the capital city of Indonesia, will reach 35.6 million as it is forecast to add 4.1 million people between 2017 and 2030, Euromonitor said in a report. In contrast, Tokyo’s population will shrink by about ...

Bloomberg Singapore is giving liquidators of insolvent companies a new tool to retrieve funds for bondholders and other creditors. Court-appointed managers will now be able to seek funding from investors unrelated to the case to pay the cost of pursuing claims, in exchange for part of the proceeds. That change came under the Insolvency, Restructuring and Dissolution Act, which was ...

Bloomberg Paul Shekoski thinks he presented a good case why the weather stations and other products his company makes in China should be spared from President Donald Trump’s tariffs. As a small-scale employer, he’s not optimistic he will win. Shekoski, chief executive of the Primex Family of Companies in Lake Geneva, Wisconsin, is among the hundreds of US companies filing ...

Bloomberg Alphabet Inc.’s Google has decided not to compete for the Pentagon’s cloud-computing contract valued at as much as $10 billion, saying the project may conflict with its corporate values. The project, known as the Joint Enterprise Defense Infrastructure cloud, or JEDI, involves transitioning massive amounts of Defense Department data to a commercially operated cloud system. Companies are due to ...

Bloomberg Microsoft Corp. will invest an unspecified amount in Grab as the ride-hailing giant adopts the US company’s Azure as its preferred platform for cloud services. Under the five-year deal, the companies will collaborate on technologies including big data, artificial intelligence and connected car platforms. Grab counts Amazon Web Services among its existing cloud suppliers and has worked in the ...