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Trump seeks progress on trade, North Korea

Bloomberg President Donald Trump toured parts of Beijing on Wednesday after arriving for a high-stakes state visit where he’ll look for wins from Xi Jinping on everything from the US’s massive trade deficit to reining in North Korea. The third leg of Trump’s five-nation Asia tour comes after stops in Tokyo and Seoul. Addressing South Korea’s parliament earlier on Wednesday ...

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Louvre Abu Dhabi opens to public on November 11

Abu Dhabi / WAM The much-anticipated Louvre Abu Dhabi will open to the public this Saturday, with a spectacular week-long series of celebrations. It is the first museum of its kind in the Arab region and offers a new perspective on the history of art in a globalised world. An iconic architectural masterpiece designed by French architect Jean Nouvel, it ...

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UAE stands by Lebanon

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, received on Tuesday, Saad Al Hariri, Lebanon’s outgoing prime minister. The two sides discussed the brotherly relations between the two countries and means of enhancing them. His Highness Sheikh Mohamed and Al Hariri also ...

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UAE, Maldives discuss economic relations

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, said that the UAE and the Maldives were having good economic and commercial ties. He noted that the total non-oil foreign trade exchange between the two countries witnessed a growth during the past five years to reach around AED475 million in 2016 ($129.2 million), increasing from AED422 million ...

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3rd ‘future mobility’ conference kicks off

Dubai / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, inaugurated the third International Conference on Future Mobility in Dubai on Tuesday. Around 350 representatives of global, regional, Gulf and local governments, as well as experts in environment, energy, technology, communications, research and legislation, are participating in the conference, organised by the Emirates Authority for Standardisation and Metrology (ESMA). ...

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Apple supplier to plan India expansion in iPhone push

Bloomberg Apple Inc.’s primary iPhone assembler in India is scouting for about 100 acres of land in Bangalore to expand its facilities for the world’s most valuable company, according to people familiar with the matter said. Wistron Corp. executives toured the city last week and have shortlisted a few parcels including one plot close to the airport, said the people, ...

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Toyota lifts profit forecast as RAV4 sales surge in US

Bloomberg Toyota Motor Corp. raised its annual profit forecast for a second time this year, helped by a weaker yen and US sales that outpaced Ford Motor Co. In the three months to September, Toyota took a 15 percent share in the US—its biggest market—for the first time since 2009. Toyota outsold Ford every month in the quarter, with the ...

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UK firms not happy with Brexit progress rate

Bloomberg With their anxiety spiraling over Brexit, Britain’s business leaders weren’t impressed by the pitch from the Conservative premier— or the Labour leader who wants her job. “The way that they’re managing the economy right now, the Conservative Party is a shambles,” Advanced Computer Software Group Chief Executive Officer Gordon Wilson said in an interview. As for opposition leader Jeremy ...

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Apple borrows $7bn even as tax laws may fill cash coffers

Bloomberg Apple Inc., looking to fund stock buybacks and dividends, sold $7 billion of bonds even as proposed new tax laws may leave it awash in cash it previously couldn’t use. The iPhone maker sold notes in six parts. Apple has been the second-most active US non-financial issuer of debt this year behind AT&T Inc., data compiled by Bloomberg show. ...

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American taxi companies join Uber, Lyft in ride sharing

Bloomberg Taxi companies across the US waged a bitter, high-profile battle to keep Uber Technologies Inc. and Lyft Inc. from bringing the sharing economy to cabs. They lost. Now the cabbies are adopting an if-you-can’t-beat-them, join-them-strategy. Pittsburgh Yellow Cab, for example, rebranded itself last year as zTrip. A century-old fixture in Steel City, it launched an app and offered a ...

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