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Environmental concerns prompt Vietnam to hit investment brakes

  Bloomberg To Nguyen Tan Phong, a farmer in Vietnam’s Mekong Delta, the foreign-owned paper mill built upriver from his catfish ponds was an ecological disaster waiting to happen. Phong feared a repeat of last year’s toxic spill from a steel plant owned by Taiwan’s Formosa Plastics Corp. that devastated central coast fishing communities and cut annual economic growth by ...

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Key Safety preferred bidder for Takata

  Bloomberg Chinese-owned Key Safety Systems Inc. has emerged as the leading bidder for Takata Corp., the embattled air-bag maker that’s seeking a buyer after causing the biggest safety recall in automotive history. An external committee appointed to spearhead Takata’s restructuring recommends Key Safety, the Tokyo-based supplier said in a statement, adding that no final decision has been made. Key ...

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Mohamed meets Egypt foreign minister

  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 Sameh Shoukry, Foreign Minister of the Arab Republic of Egypt, who is currently visiting the country, at Qasr Al-Shati (Beach Palace) on Saturday. Sheikh Mohamed welcomed Egyptian Foreign Minister and discussed ways ...

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UAE, Egypt discuss ways to strengthen bilateral relations

  Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received Sameh Shoukry, Foreign Minister of the Arab Republic of Egypt, in his office at the ministry here on Saturday. During the meeting, they discussed bilateral co-operation between their countries and ways to strengthen it, besides exchanging views on the latest ...

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World Govt Summit to bring global thought leaders to UAE

  Dubai / WAM Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the fifth edition of the World Government Summit (WGS 2017), the world’s largest platform for shaping future governments, is set to launch on February 12. The summit will host in its upcoming edition ...

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SBA takes Emirati literature to Cairo International Book Fair

  Sharjah/ Emirates Business Sharjah Book Authority (SBA) took another significant step to enhance Arab cultural dialogue at the 48th edition of Cairo International Book Fair (CIBF), which runs until February 10. Two events, a seminar titled ‘The Emirati Novel in the Past and the Present’, and a poetry reading session, ‘Voices from the UAE’, were organised by SBA on ...

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US judge temporarily blocks Trump’s travel ban nationwide

  SEATTLE / AP A federal judge’s order blocking President Donald Trump’s ban on admitting travelers from seven predominantly Muslim countries or any refugees left authorities and advocates wondering what to do Saturday with the people who finally got visas to come to America, only to be turned away. The White House said it would try to get a court ...

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Hyundai Motor plans Pakistan venture with billionaire Mansha

  Bloomberg Hyundai Motor Co, South Korea’s biggest automaker, plans to partner with billionaire Mohammad Mian Mansha’s Nishat Mills Ltd. to start assembling cars in Pakistan as vehicle sales accelerate in the $271 billion economy. Nishat Mills’ venture, which includes Hyundai and Sojitz Corp., will assemble passenger and one-ton commercial vehicles in Pakistan, the company said in a stock exchange ...

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Costly delays upset Fukushima nuclear reactor renaissance

  Bloomberg Costly delays, growing complexity and new safety requirements in the wake of the triple meltdown at Fukushima are conspiring to thwart a new age of nuclear reactor construction. So-called generation III+ reactors were supposed to have simpler designs and safety features to avoid the kind of disaster seen in Japan almost six years ago. With their development, the ...

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