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  Frankfurt / AFP Volkswagen AG negotiated through the night to reach an agreement with a rebellious supplier, ending a six-day standoff that halted production of Golf and Passat cars after the parts maker refused to deliver seat and transmission components. Prevent Group will restart deliveries as soon as possible, and Volkswagen’s factories affected will gradually return to normal production, ...

  Ankara / AFP Turkey on Tuesday pounded IS extremists in Syria with new artillery strikes as expectations grew of a major Ankara-backed offensive against the extremists after a deadly suicide bombing on its soil. With tensions flaring on the Turkey-Syria border following the bombing in the nearby city of Gaziantep that left 54 people dead, Turkish howitzers hit extremist and ...

  Bloomberg The UK should avoid any drastic steps to cut corporate taxes, or similar measures, as it prepares to start talks on leaving the European Union, Swedish Prime Minister Stefan Loefven said. The premier of the largest Nordic economy also said the U.K.’s exit from the 28-nation bloc “shouldn’t take longer than necessary.” “But if the UK wants some ...

  Brussels / AFP Turkey said on Monday the Syrian border region must be “completely cleansed” from the IS group, after a weekend suicide bombing in Gaziantep blamed on the extremists left at least 54 dead. In a sign of a key battle to come, Syrian rebel fighters have amassed on the Turkish side of the border in preparation for an ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has highlighted the attractive investment environment that the UAE and Abu Dhabi offer during its participation at the China Investment Conference 2016, which recently concluded in Shanghai. The conference’s agenda included the discussion of the Chinese Silk Road Economic Belt Initiative and the UAE’s role in its implementation as well ...

  Dubai / Emirates Business Abu Dhabi Airports has installed a new Automated Tray Return System (ATRS) to speed up the process of hand luggage screening at Terminal 3 in Abu Dhabi International Airport (AUH). The new system allows for the processing of more than four times the number of baggage that conventional screening lanes do, reducing screening wait times ...

  Bloomberg China National Chemical Corp. received approval from U.S. national security officials for its takeover of Swiss agrochemical and seeds company Syngenta AG, seen as the biggest regulatory hurdle that the $43 billion acquisition faces. The Committee on Foreign Investment in the U.S. has cleared the transaction, the companies said in a statement on Monday. The deal, expected to ...

  Bloomberg Developer Bo San had already sold all the units in his 12-story high-rise in Yangon in Myanmar when he was forced to halt construction. Three months later he faces the task of having to remove two floors to comply with new height regulations, at a cost of $8 million. Since May, the regional government of Aung San Suu ...

  Seoul / AFP South Korea and the United States kicked off large-scale military exercises on Monday, triggering condemnation and threats of a pre-emptive nuclear strike from North Korea. The two-week annual Ulchi Freedom drill, which plays out a scenario of full-scale invasion by the nuclear-armed North, is largely computer-simulated but still involves around 50,000 Korean and 25,000 US soldiers. ...

  ABU DHABI / Emirates Business Continuous improvement, innovation, and environmental sensitivity have become the watchwords for the cleaning industry in the region as more and more companies in the sector are sourcing products and equipment keeping sustainability in mind. Globally, the market for green cleaning products is expected to reach US$51 billion in value terms with a CAGR of ...