Uncategorized

Bloomberg US President Donald Trump said that North Korea should “come to the table” and make a deal on its missile and nuclear programs. Speaking next to South Korean President Moon Jae-in in Seoul on Tuesday, Trump said he saw some progress in regards to North Korea, but declined to comment on holding direct talks with Pyongyang. He added that ...

Dubai / WAM The Gulf Cooperation Council (GCC), will showcase the power of nations working together when it hosts its own pavilion at Expo 2020 Dubai, the first World Expo to be held in the region. Dr Abdullatif bin Rashid Al Zayani, Secretary-General of the Council, on Monday signed an official participation contract with Reem bint Ibrahim Al Hashimy, Minister ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group on Monday inaugurated the ‘Future Manufacturing and Trade Summit 2017’, at the Jumeirah Emirates Towers. The event is hosted by Dubai Exports, the export promotion agency of Dubai Economy, and organised by Expotrade ...

Abu Dhabi / WAM Abu Dhabi is targeting a 5 percent growth in cruise tourism over the coming season, with 350,000 passengers set to visit the emirate in 2017-2018, Sultan Al Dhaheri, Acting Executive Director, Tourism Sector, at the Abu Dhabi Tourism and Culture Authority (ADTCA), told Emirates News Agency (WAM). The UAE capital is on a tourism drive at ...

DUBAI / Emirates Business Emirates on Monday confirmed that its first two Boeing 777-300ER aircraft fitted with its soon-to-launch First Class product will operate from Dubai to the airline’s Belgian and Swiss destinations starting from December 1. Emirates’ new First Class cabin will feature six private suites laid out in a 1-1-1 layout, compared to the eight private suites in ...

Bloomberg NetEase Inc., China’s second-largest video game publisher, is deepening a push into e-commerce with plans to increase spending on products from the US, Europe and Japan to sell to local consumers. The company’s Kaola e-commerce business will buy about $11 billion of inventory over the next three years from the US, Europe and Japan to woo customers with everything ...

Bloomberg Lenders to embattled Reliance Communications Ltd. have bought themselves some time in taking provisions on $7 billion of debt, but still face an uphill struggle in turning around the phone company. Last week, the carrier currently controlled by billionaire Anil Ambani proposed banks convert about 15 percent of the loans owed to them into a 51 percent stake, a ...

Bloomberg Altice USA struck a deal with Sprint Corp. that will allow the cable operator to sell wireless service using Sprint’s network. As part of the agreement, Sprint will use Altice’s broadband infrastructure to strengthen its nationwide wireless network, according to a statement from both companies that didn’t disclose financial terms. Talks between Sprint’s majority owner, SoftBank Group Corp, to ...

Bloomberg Euro-area companies struggling to keep up with booming orders are expanding their ranks at the fastest pace in more than ten years. With a Purchasing Managers’ Index indicating strong momentum at the start of the fourth quarter, the 19-nation economy is on course for growth of as much as 0.7 percent, IHS Markit said on Monday. A gauge for ...

Bloomberg European investment banks are back in the hiring game, raising the stakes for compensation on both sides of the Atlantic. Firms including Barclays Plc and Deutsche Bank AG have been seeking to regain trading share by poaching personnel from American rivals, according to recruiters. For traders and salespeople who haven’t seen raises in years, the move can be profitable: ...