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  Bloomberg Tesla Inc. set a record for deliveries and production in the first quarter, beating analysts’ estimates as Chief Executive Officer Elon Musk prepares to begin building the Model 3 in July. The maker of electric cars and energy-storage devices shipped just over 25,000 vehicles in the year’s first three months, Palo Alto, California-based Tesla said in a statement ...

  Bloomberg As they search for a permanent exchange-rate framework, Iceland’s policy makers are finding they may disagree on some pretty fundamental issues. Power politics in the 340,000-people nation are being laid bare, as the nation’s prime minister, who heads the establishment Independence Party, and its finance minister, a former publishing executive who leads the newly created Reform Party, are ...

  Bloomberg UK manufacturing unexpectedly cooled for a third month in March and may weaken further, according to IHS Markit, which repeated its warning about inflationary pressures. Its factory Purchasing Managers Index declined to 54.2 from 54.5 in February, above the key 50 level that divides expansion from contraction, but below economists’ expectations for an uptick to 55. A measure ...

  ST. PETERSBURG / AP A bomb blast tore through a subway train in Russia’s second-largest city Monday, killing 10 people and injuring about 40 as President Vladimir Putin visited the city, authorities said. Hours later, police found an unexploded device in one of St. Petersburg’s busiest subway stations, sending a wave of anguish and fear through Putin’s hometown. There ...

  Bloomberg India’s foot dragging on a China-championed Asia trade pact has increased the risk the deal gets diluted or delayed. A fear of being flooded by Chinese imports and an insistence on global mobility for its IT services workers is behind India reluctance to move forward. While Asia’s third-largest economy may eventually sign on to the Regional Comprehensive Economic ...

  Bloomberg After netting more than $10 billion in revenue from its tax amnesty program, Indonesia may be a step closer to winning a much-coveted investment grade from S&P Global Ratings. The nine-month amnesty drive, which ended on Friday, led citizens to declare 4,866 trillion rupiah ($365 billion) of assets hidden from tax authorities. The success may help Southeast Asia’s ...

  ABU DHABI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum on Sunday visited an exhibition held as part of the 7th Annual Investment Meeting, AIM 2017, a world-leading, emerging markets’ foreign direct investors platform under the theme, “International Investment and Competitiveness”. As many as 250 companies ...

  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, visited the victims of a knife attack that took place in the emirate of Fujairah recently where a mother was stabbed to death, and two of her children and a domestic worker were injured. ...

  Abu Dhabi /Emirates Business Saudi Arabian Oil Company (Saudi Aramco) on Sunday signed two separate Memorandums of Understanding (MoUs) with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy Company, covering energy and technology collaboration, renewables, and carbon management. Under the terms of the MoU between ADNOC and Saudi Aramco, the two companies will collaborate ...

  Sharjah / Emirates Business One of the well-established names in the local jewellery industry, Salem Al Shueibi Jewellery, secured the coveted Platinum Sponsorship of the region’s most awaited spring edition of the biannual MidEast Watch & Jewellery Show. Billed as the largest and most exclusive showcase of gold and diamond jewellery in the region, the 42nd MidEast Watch & ...