Uncategorized

Bloomberg President Donald Trump’s threat that he could tax cars imported from Europe was premised on the idea that German automakers pour Benzes and Bimmers into the US while making it “impossible” for American cars to sell there. General Motors Co., America’s largest carmaker, largely bailed from Europe last year for reasons that had less to do with protectionism than ...

Bloomberg South Korean President Moon Jae-in tried to tamp down expectations for his planned summit with Kim Jong Un, as he prepared to send envoys to Washington to discuss their meeting with the North Korean leader. “This is just a start, and we can’t be optimistic just yet,” Moon told leaders of five South Korean political parties in Seoul on ...

Abu Dhabi / Emirates Business His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, on Tuesday inaugurated the 8th edition of the International Exhibition for National Security and Resilience (ISNR Abu Dhabi 2018), held under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive ...

DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chief Executive of Emirates Group, Chairman of the Dubai Supreme Fiscal Committee and Chairman of the Dubai Supreme Council of Energy, on Tuesday officially inaugurated the industry-shaping Middle East Electricity (MEE, 2018). Hosted by the UAE Ministry of Energy, and under the patronage ...

AJMAN / WAM HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, inaugurated the 5th Ajman International Environment Conference (AIEC, 2018), themed ‘Climate Change and Sustainability’. Organised by the Department of Municipality and Planning, the two-day conference is being held under the patronage of HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman ...

Abu Dhabi / WAM The National Media Council (NMC), unveiled a set of regulations for electronic media, which govern all online activities, including e-commerce; publishing and selling of print, video, and audio material; as well as advertising. The new guidelines apply to news websites, electronic publishing outlets, and on-demand printing, including commercial activities conducted through social media within the UAE. ...

Bloomberg China is attempting to pull off an unusual fiscal feat: Cut taxes, boost spending and shrink the deficit, all with a slowing economy. Premier Li Keqiang announced the first budget deficit goal reduction since 2012, to 2.6 percent of gross domestic product from 3 percent. He also pledged tax cuts of 800 billion yuan ($126 billion) for companies and ...

Bloomberg Toyota Motor Corp. announced plans to drop diesel models from its European portfolio this year even as Volkswagen, which sparked the fury over the technology, predicts a rebound. The diverging views of the world’s two largest automakers reflects the uncertainty over the future of diesel, which has faced a steady drumbeat of bad news since Volkswagen’s cheating scandal erupted ...

Bloomberg The European Union is preparing punitive tariffs on iconic US brands produced in key Republican constituencies, raising political pressure on President Donald Trump to ditch his plans for taxing steel and aluminum imports. Targeting 2.8 billion euros ($3.5 billion) of American goods, the EU aims to apply a 25 percent tit-for-tat levy on a range of consumer, agricultural and ...

Bloomberg The Chinese supplier of electric-vehicle batteries that’s planning a local factory with enough capacity to surpass the output of Tesla Inc. has set its sights further: Europe. Contemporary Amperex Technology Ltd. is close to picking one of three sites in the European Union for its first overseas plant, Chairman Zeng Yuqun said in an interview. The company is exploring ...