Uncategorized

Fiat Chrysler to invests $1bn in US amid Trump squeeze

  Bloomberg Fiat Chrysler Automobiles NV will invest $1 billion toward making three new Jeep models in the US, plus a Ram heavy-duty pickup now built in Mexico, as President-elect Donald Trump pressures the auto industry to hire workers and produce vehicles above the border. The outlays planned by 2020 include retooling factories in Michigan and Ohio and adding 2,000 ...

Read More »

VW gives its hippie-era microbus a revamp

  Bloomberg Volkswagen AG laid out a new design for a revived, battery-powered version of its iconic hippie-era Microbus as the carmaker seeks ways to move beyond its 16-month-old diesel emissions-cheating scandal and will overhaul its US lineup in a renewed comeback push. The latest iteration of the van, a concept dubbed the I.D. Buzz, is part of the VW ...

Read More »

Leading defence, security experts to converge in Abu Dhabi for IDEX

  Abu Dhabi / Emirates Business IDEX Conference 2017, part of the International Defence Exhibition & Conference (IDEX 2017) and Naval Defence Exhibition (NAVDEX 2017), is set to draw the participation of several leading security and defence decision makers and experts from across the world. Themed Disrupting Innovation in Defence and Security, the conference will be held ahead of IDEX ...

Read More »

Mohammed: 2017 will be a year of abundance, generous giving

  Dubai / WAM 2017 will be a year of abundance and generous giving for the UAE and its citizens, while seeking to make a better future for citizens and government work, Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, promised on Sunday, as he chaired the Cabinet’s first meeting of the year ...

Read More »

UAE enforces new law regulating ‘possession of dangerous animals’

  Dubai / Emirates Business In line with the directives of UAE President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, the Ministry of Climate Change and Environment (MOCCAE) announced the enforcement of the new Federal Law No. 22 of 2016 to regulate the possession of dangerous animals. The law aims to stop individuals from owning, trading and breeding all ...

Read More »

Trump: Only ‘fools’ see good relations with Russia as bad

  Bloomberg Facing calls to strike back at Russia for what US intelligence agencies have termed Moscow’s interference with the 2016 US presidential election campaign, Donald Trump instead suggested warmer relations between the two countries. The president-elect took to Twitter on Saturday to discuss the potential US-Russia relationship under his administration, a day after US spy chiefs briefed him on ...

Read More »

India’s strategic sales plan puts jobs at stake

  Bloomberg India’s plans to sell the government’s stake in several poorly performing companies have prompted trade union threats of a nationwide strike, laying out a test for Prime Minister Narendra Modi in the lead up to crucial state elections. With thousands of jobs potentially at risk, the government’s decision to offload a number of companies to the private sector ...

Read More »

Lobster prices soar as catch drops and China imports climb

  AP Lobster lovers are used to adjusting to high prices, but this winter, they’re shelling out even more for the cherished crustaceans because of a lack of catch off of New England and Canada and heavy exports to China. Winter is typically a slow season for U.S. lobster fishermen and an active one off Atlantic Canada. But catch is ...

Read More »

Serendipitous jobs, trade data help Canada shake off doldrums

  Bloomberg Canada is turning the page on the oil crash. From trade numbers to jobs to the stock market, evidence is beginning to mount the commodity producing nation is emerging from a lingering slump, after struggling through a cocktail of hurt that included collapsing oil prices, slow global growth and an aging population. Data showed the country recorded its ...

Read More »

German manufacturing orders weaken after investment-driven surge

  Bloomberg German factory orders fell in November, partially offsetting an investment-driven surge the previous month. Orders, adjusted for seasonal swings and inflation, dropped 2.5 percent from October, when they jumped a revised 5 percent, data from the Economy Ministry in Berlin showed. That compares with a median estimate of a 2.4 percent decline in a Bloomberg survey. Orders gained ...

Read More »
Send this to a friend