Bloomberg A shudder reverberated through the global technology sector as the Trump administration considers tariffs on Chinese imports including consumer electronics. Under the most severe scenario being weighed, the US could impose tariffs on a wide range of Chinese imports from shoes and clothing to tech gadgets, said two people familiar with the matter, who asked not to be identified ...
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Bloomberg Jaguar Land Rover owner Tata Motors Ltd. had just about 200 women on the shop floor three years ago. Now, it has 10 times that number and is looking to hire more. In socially conservative India, that may be a tall order. Better educated women from wealthier families aren’t encouraged to work and it’s usually when a man’s salary ...
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Bloomberg UK engineer GKN Plc agreed to sell its automotive unit to US-based Dana Inc. in a $6.1 billion transaction aimed at repelling a hostile takeover from investment group Melrose Industries Plc. GKN shareholders would get stock in the new group valued at $3.5 billion, plus $1.6 billion of cash, and Dana would assume $1 billion of pension debt, the ...
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Bloomberg Inside New York’s St. Regis Hotel, debt investors were given what’s becoming a familiar pitch: a high-flying tech company with a charismatic leader but no real cash flow was asking them to lend it money. This time it was Uber Technologies Inc., the ride-hailing company that’s reshaped the taxi business around the globe. The company is seeking a $1.25 ...
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Bloomberg In late February, Oracle Corp. co-CEO Safra Catz met with a top Pentagon official to discuss the government’s defense strategy days before the department was set to outline how it plans to spend billions of dollars on cloud-computing services. Catz’s meeting with Deputy Secretary of Defense Patrick Shanahan, which was confirmed by a department spokesman, came as technology companies ...
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Bloomberg President Donald Trump will need to adopt an unfamiliar set of traits — patience, persistence, clear goals and conditions — and be prepared to walk away when he meets North Korean leader Kim Jong Un, people who have negotiated with Kim’s regime say. Trump’s apparently impromptu decision to begin setting up talks contrasts with Kim’s situation — North Korea ...
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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai on Wednesday inspected the progress of the Shindagha Heritage District project, which is part of a major renovation development aimed at rejuvenating some of the oldest parts of Dubai. His Highness was accompanied by HH Sheikh Maktoum ...
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BAMAKO / WAM President Ibrahim Boubacar Keita of Mali received His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, in the Malian capital, Bamako. His Highness Sheikh Abdullah bin Zayed, who is currently on an official visit to the country, was also received by Malian Prime Minister Soumeylou Boubeye Maiga and Minister of Foreign ...
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Abu Dhabi / WAM The Abu Dhabi General Services Company (Musanada), in collaboration with the Department of Education and Knowledge (ADEK), has started the relevant processes for design and construction of two kindergartens valued at an approximate AED85 million and a total built-up area of 5,119 square metres each in Al Falah as part of ‘Phase 8’ of the Abu ...
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Dubai / WAM The UAE Park in China will officially open in December this year in Nanning, the capital of the Guangxi Zhuang Autonomous Region in southern China. Dubai Municipality, which is representing the UAE in Expo 2018 China, has participated in the design of the project covering an area of 1,700 square metres. Marwan Al Mohammed, Director of General ...
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