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China’s metals curb plan risks shortages in alumina

  Bloomberg China’s proposal to halt some metals production to fight air pollution over the winter would create shortages of alumina but have a more limited impact on aluminum supply, according to China’s top industry body, which has been consulted on the plan. The proposal involves an alumina suspension in three provinces that would affect about a fifth of the ...

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Trump’s TPP pullout move US leaves farmers behind

  Bloomberg Donald Trump’s push against trade deals he says have devastated small-town US workers is bringing disappointment to another key piece of his rural American coalition: Farmers and ranchers who heartily supported the president in hopes of less regulation and lower taxes. Trump’s decision on Monday to pull out of the Trans-Pacific Partnership, which would have reduced tariffs and ...

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UK economy’s Brexit success still has companies fretting

  Bloomberg The UK economy may have cleared its 2016 Brexit test, but that’s not easing companies’ concern about the approaching challenges. Days before figures are predicted to show a healthy 0.5 percent expansion in the last quarter of 2016, businesses from airline EasyJet Plc to telecommunications firm BT Group Plc cited Brexit-linked problems such as a weaker pound and ...

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VP launches SME Classification System

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, on Tuesday launched the SME Classification System. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai attended the launch event at the headquarters of Dubai Executive Council, Emirates Towers. Sheikh Mohammed affirmed that the UAE will ...

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Russia-led Syria talks end with truce pledge amid Iran tensions

  Bloomberg Russian-led talks on Syria ended with agreement on Tuesday to bolster a cease-fire even as apparent disputes with Iran, a staunch supporter of Syrian President Bashar al-Assad, threaten to hold up efforts to end the six-year civil war. Russia, Turkey and Iran will set up “a trilateral mechanism to observe and ensure full compliance with the cease-fire, prevent ...

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DCCA partners with MOHAP to develop health sector

  Dubai / Emirates Business Dubai Creative Clusters Authority (DCCA), a government regulatory body mandated to foster the economic development of Dubai’s creative clusters and related knowledge industries, signed a partnership agreement with the UAE Ministry of Health and Prevention (MOHAP) to support the country’s efforts in developing the healthcare sector and providing an enabling environment for advancing the pharmaceuticals ...

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SAP raises targets for 2020 with increase in customers

  Bloomberg SAP SE raised its targets for 2020 as customers bought its latest suite of applications at a faster pace, and Chief Executive Officer Bill McDermott — a fan of Donald Trump’s “The Art of the Deal,” — said he wouldn’t “lay off the accelerator” on acquisitions, engineering investment or a potential share buyback. The updated outlook, on top ...

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Uber wants court stamp on arbitration win as hint to drivers

Bloomberg Uber Technologies Inc. is asking a California judge to grant a stamp of approval on what it says is the first decision by an arbitrator denying a driver’s bid to be treated as an employee instead of an independent contractor. It could be the first of many such rulings after a federal appeals court’s decision last year that most ...

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Rio hastens coal retreat with $2.45 billion sale of mines

  Bloomberg Rio Tinto Group agreed to sell its thermal coal assets in Australia’s Hunter Valley for as much as $2.45 billion as the world’s second-biggest mining company accelerates its move away from the fuel. Rio will sell its Coal & Allied Industries Ltd. subsidiary to Yancoal Australia Ltd., controlled by China’s Yanzhou Coal Mining Co., it said in a ...

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