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Bloomberg German engineering group Robert Bosch GmbH plans to sell its packaging technology division that generated 1.3 billion euros ($1.5 billion) in sales last year to focus on its core business. The main pharmaceutical and food-packaging operations have insufficient synergies with the manufacturer’s other areas and can compete more effectively outside the group, Bosch said in an emailed statement. It ...

Bloomberg The UK construction industry fared far better than previously thought during a snow-blighted first quarter, giving an unexpected boost to the economy. Building output fell 0.8 percent from the fourth quarter instead of the 2.7 percent drop estimated last month, the Office for National Statistics said. Overall economic growth was revised to 0.2 percent from 0.1 percent. Separate figures ...

Bloomberg In imposing sweeping tariffs, President Donald Trump is betting he can give domestic companies a boost while beating back foreign competitors. The problem is figuring out which one is which. About 40 percent of the cars and trucks that General Motors Co. sells in the US this year, for example, will be imported, according to researcher LMC Automotive. The ...

Bloomberg Mexicans head to ballot stations on Sunday to elect a president and they’re set to hand power to a left-wing leader for the first time in decades, in a revolt against entrenched corruption, crime and poverty. Andres Manuel Lopez Obrador appears headed for a landslide win that could also give him majorities in both houses of Congress — a ...

BENGALURU / WAM As part of his official visit to India, His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and his delegation met H. D. Kumaraswamy, Chief Minister of the Indian State of Karnataka, on Saturday. The meeting saw discussions on friendship and cooperation ties in the areas of the economy, commerce, investment, ...

Dubai / WAM Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has signed a Memorandum of Understanding (MoU) with Finance Innovation, France’s official innovation cluster for the financial industry, based in Paris. The collaboration will support the development of the Fintech ecosystem in both markets and facilitate knowledge ...

Abu Dhabi / Emirates Business Abu Dhabi has been ranked top of a list of cities in Africa and the Middle East in the McKinsey Global Institute study ‘Smart Cities: Digital Solutions for a More Livable Future.’ The study looked at how cities all over the world use technology to increase the quality of life across a wide range of ...

GENEVA / WAM The United Nations Human Rights Council (UN OHCHR) adopted the UAE’s third report on the human rights situation in the country as part of the Universal Periodic Review (UPR) during the 38th Session of the Human Rights Council held in Geneva from June 18 to July 6. The review identified the progress made over the past four ...

Bloomberg US intelligence agencies believe that North Korea has increased its production of fuel for nuclear weapons at multiple secret sites in recent months, NBC reported, citing unidentified American officials. The NBC report quoted US officials who said they believe that North Korean leader Kim Jong-un may try to hide those facilities as he seeks more concessions in nuclear talks ...

Bloomberg Mazda Motor Corp. became the latest auto company to condemn the Trump administration’s plans for potential car import tariffs, saying such duties would hit both the industry as well as US consumers. The Japanese manufacturer said it filed comments on the Commerce Department’s investigation into car-related imports, urging it to “reject the premise that auto imports are a threat ...