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Pipeline firms push back against ‘buy American’ rule

  Bloomberg A directive requiring US pipeline companies to use American steel and iron in their projects is testing President Donald Trump’s ability to keep his promises to two industries on opposing sides of the issue. In comments to the US Department of Commerce, which is crafting the so-called “Buy American” plan, pipeline companies and their trade groups argued the ...

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UK manufacturing growth surges to fastest in three years

  Bloomberg UK manufacturing unexpectedly grew at the fastest pace in three years in April as the domestic market strengthened and the pound’s depreciation boosted exports. A measure of factory conditions rose to 57.3 from 54.2 in March, according to IHS Markit’s Purchasing Managers’ Index. That’s far better than the 54 forecast by economists in a Bloomberg survey and above ...

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UAE offers great support for culture, literature, science and knowledge

  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, stressed that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, provides great support for culture, literature, science and knowledge, placing them among its priorities, while encouraging authors ...

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Mohamed, Merkel discuss bilateral ties

  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, and Angela Merkel, Chancellor of the Federal Republic of Germany, discussed the promotion of bilateral ties between the two countries, as well as regional and international issues of mutual interest during the talks held ...

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DBWC hosts discussion on women in leadership

  DUBAI / Emirates Business Dubai Business Women Council (DBWC), the UAE’s leading platform for the personal and professional development of women in the emirate and beyond, hosted a dynamic discussion on women in leadership, featuring WWE Chief Brand Officer and TV personality Stephanie McMahon alongside some of the UAE’s most influential business women. The event builds on 15 years ...

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US looks at sanctions, military action against North Korea

  Bloomberg The US is considering a range of options, from expanded economic sanctions to military operations, as it reaches out to allies in confronting North Korea’s latest provocations, according to a senior Trump administration official. North Korea’s ballistic missile test early Saturday was in “open defiance” of the international community, and the risk to the U.S. will not be ...

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Baidu boosts content spending for video and news services

  Bloomberg Baidu Inc. will boost spending on content for its video streaming and news aggregation services as it tries to nurse its core internet search business back to health. The strategy is designed to attract new users as China’s biggest search provider enters a critical period after sales in 2016 grew at the slowest pace on record. The company ...

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Chinese investment in Australia surges 11.7% as deals hit record

  Bloomberg Chinese investment in Australia surged 11.7 percent last year to A$15.4 billion ($11.5 billion) amid booming demand for agricultural assets and infrastructure, according to a report released on Monday. A record 103 deals were signed with Chinese companies in 2016, with 76 percent of those reached with private firms, KPMG and the University of Sydney said in the ...

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After oil, real estate becomes Canada’s new crutch

  Bloomberg Two things happened last week that were a reminder of just how vital real estate has become to Canada’s economy. Statistics Canada released gross domestic product data that showed February was a banner month for sectors linked to housing. The real estate industry, residential construction, financial and legal services generated a combined 0.5 percent increase in output, the ...

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UK warns Google, Twitter, FB to better fight hate speech

  Bloomberg UK Home Secretary Amber Rudd warned Facebook Inc,. Alphabet Inc.’s Google, and Twitter Inc. to improve monitoring of extremist and hate content after a panel of lawmakers urged her to consider making the hosting of such material a crime. A report from Parliament’s cross-party Home Affairs Committee, published on Monday, said the companies are “shamefully far” from having ...

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