ABU DHABI / WAM Mubadala Health and Emirates Medical Association (EMA), a non-profit organisation represents physicians and allied health professionals in the UAE, signed a memorandum of understanding (MoU) to collaborate and advance medical education and research opportunities in the UAE. The MoU signing is a significant milestone for both entities and contributes to the strengthening of the Abu Dhabi ...

DUBAI / WAM The Ministry of Climate Change and Environment has signed a memorandum of understanding (MoU) with Essa Al Ghurair Investment LLC, as part of a collaboration on the ministry’s National Carbon Sequestration Project. Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, and Essa Abdullah Al Ghurair, Chairman of the Board of Directors of Essa Al ...

BLOOMBERG Amsterdam’s Schiphol airport has a lot to boast about — the best direct flight connectivity across Europe, a terminal layout that’s easy to navigate, and an underground railway station that links it to major cities across Europe. Now a proposal for a capacity cap to minimise noise stands to dim the allure of one of Europe’s prime hubs. The ...

BLOOMBERG French skincare giant L’Oréal SA has agreed to acquire luxury cosmetics brand Aesop, which was founded in Melbourne before developing a cult global following, for an enterprise value of $2.53 billion. The transaction caps months of negotiations as other companies, including private equity firm Permira and Chinese investment firm Primavera Capital also showed interest in the Australian brand, owned ...

BLOOMBERG McDonald’s Corp is temporarily closing its US offices as it notifies hundreds of corporate employees that they’re losing their jobs in a broader restructuring plan, according to a person familiar with the matter. The company is notifying affected employees virtually and will close the locations to provide confidentiality out of respect for those affected, said the person, who asked ...

BLOOMBERG Apple Inc is eliminating a small number of roles within its corporate retail teams, according to people with knowledge of the matter, marking its first known internal job cuts since it embarked on a belt-tightening effort last year. The company is shedding positions in what it calls its development and preservation teams, said the people, who asked not to ...

BLOOMBERG Norwegians registered a higher share of electric cars in March than ever before, helped by a new monthly record in the Nordic country for Tesla Inc’s Model Y. Almost 87% of the 19,366 cars sold in March were electric, the Norwegian Road Federation OFV said. Diesel and gasoline cars accounted for 2.7% of sales during the month, OFV said, ...

BLOOMBERG Volvo AB’s second-largest shareholder Geely said while it’s not currently planning any changes to its position, “anything is possible” in future. Zhejiang Geely Holding Group Co, controlled by Chinese billionaire Li Shufu, is in “good dialog” with Volvo, Hans Oscarsson, the head of Geely’s Sweden branch, said in emailed comments ahead of the world’s second-biggest truckmaker’s annual general meeting. ...

BLOOMBERG London initial public offerings (IPOs) have slumped to a 14-year low, far outpacing declines seen in New York and in Europe, as the UK capital struggles to attract new listings and its shares trade at a steep discount to international peers. Just three tiny firms have listed in London this year, raising only about $14 million combined, the lowest ...

BLOOMBERG Finland became the 31st member of the North Atlantic Treaty Organization (Nato), completing a tumultuous process of accession sparked by Russia’s invasion of Ukraine that upended the European security landscape. In a bittersweet moment, Finland gained Article 5 security guarantees and deterrence, but was forced to leave its close neighbour Sweden behind on the doorstep of the Nato. Foreign ...