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  Bloomberg Toshiba Corp. projected its annual loss could more than double to a record 1.01 trillion yen ($9.1 billion) as its US nuclear unit Westinghouse Electric filed for Chapter 11 bankruptcy. The collapse of Westinghouse, once the linchpin of Toshiba’s plans to diversify away from consumer electronics, caps a disastrous run for the Japanese conglomerate as project delays crippled ...

    Bloomberg UK industry groups renewed calls for a trade-friendly Brexit settlement as Prime Minister Theresa May opened two years of negotiations on leaving the European Union after alarming some business leaders by signaling a clean break. The Confederation of British Industry urged the government to guarantee the rights of EU workers already in the UK while negotiating the ...

  Reuters Don’t return Sweden to the high taxes of the 1970s and 1980s. That warning comes from Sweden’s state-funded economic think tank as the Social Democratic-led government has been raising taxes on workers, while planning to cut levies on pensioners and those collecting benefits. “There are big negative effects, at least in the longer term, of higher state income ...

  Abu Dhabi / WAM Abu Dhabi-based Mubadala Development Company, the Dubai Future Foundation and GEAdditive are uniting their collective expertise behind the establishment of the first Microfactory in the region, seeking to accelerate revolutionary additive design, customer innovation, digital manufacturing technologies and access to global problem solving within the United Arab Emirates. The Microfactory is expected to play a crucial ...

  Abu Dhabi / WAM A landmark pilot project between Siemens, Strata, the UAE’s advanced composite aerostructures manufacturing company, and Etihad Airways Engineering has successfully developed the first aircraft interior part to be designed, certified and manufactured with 3D printing technology in the Middle East, where the process will include training and skills development for UAE citizens. The part, a plastic ...

  Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA), which develops the emirate’s tourism infrastructure and initiates its domestic and overseas promotions, has expanded its presence in the Kingdom of Saudi Arabia with the opening of a new representation office in the country’s capital, Riyadh. Marking its sixth international representation office, the Riyadh opening will ...

  Dubai / Emirates Business His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC), earlier this week welcomed His Excellency Nursultan Nazarbayev, the President of the Republic of Kazakhstan, as a high level delegation from Kazakhstan visited DIFC for a series of meetings and presentations, in presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of ...

  Bloomberg India is likely to give Bangladesh a credit line of at least $3.5 billion for infrastructure projects during Prime Minister Sheikh Hasina’s state visit in April, as Beijing and New Delhi jostle for geopolitical influence in South Asia. The credit line, which would be India’s third to its neighbour, would go toward a variety of projects ranging from ...

  Bloomberg India’s wheat imports are likely to remain near the highest in a decade as the world’s second-biggest producer seeks to replenish stockpiles slashed by El Nino-induced drought, according to one of the nation’s largest buyers. Imports may reach 3 million metric tons in 2017-18, S. Sivakumar, the chief executive officer of ITC Ltd.’s agriculture business division, said in ...

  Bloomberg Businesses are bracing for Brexit by making last-ditch demands of the UK government to keep their interests in mind when Prime Minister Theresa May opens two years of talks with the European Union this week. Concerns include the risk of tariffs on exports to the EU, disruptions to supply chains and the potential loss of European workers. Bloomberg ...