Bloomberg Ford Motor Co’s Lincoln luxury line hopes some interior redecorating will revive its slowest selling sport-utility vehicle (SUV): the mid-sized Nautilus. Lincoln has built its comeback on brash behemoths like the Navigator SUV. But sales of the Nautilus, with two rows of seats, have fallen 31.2% this year even as the brand’s total SUV deliveries rose. So Ford overhauled ...

Bloomberg General Motors (GM) is laying the groundwork for a bigger bet on electric vehicles, telling investors at a virtual conference it plans to boost spending on them by more than a third to $27 billion as part of a push to introduce 30 battery-powered models by 2025. The initiative represents an increased investment of $7 billion and 10 more ...

Bloomberg Nikon Corp plans to reduce about 2,000 employees, or 10% of its total workforce, due to a slump in its core camera business, Nikkei reported. Its business was also impacted by the performance of Intel Corp, one of Nikon’s key clients of semiconductor equipment, the daily reported, without saying where it got the information. In the company’s reform agenda, ...

ABU DHABI / WAM The UAE has strongly condemned the cowardly terrorist shooting attack targeting Emirates Red Crescent (ERC) medical staff working in mobile healthcare clinics in the Yemeni city of Taiz. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) said in a statement that the targeting of humanitarian workers is a flagrant violation of international norms and conventions, ...

ABU DHABI / WAM The volume of non-oil trade exchange between the Emirate of Abu Dhabi and the Sultanate of Oman through the emirate’s ports reached AED 23.67 billion during the past five years, which reflects the growing economic relations between the two brotherly countries, in a way that enhances the process of sustainable development, according to General Administration of ...

FUJAIRAH / WAM Oil products stockpiles at the Port of Fujairah, the most important bunkering hub in the Middle East, jumped to a six-week high even as fuels for power generation and marine bunkers tumbled to the lowest in almost two years, as fuel oil shipments to South Korea resumed. Total inventories as of November 16 stood at 20.436 million ...

Abu Dhabi / WAM Nawah Energy Company, the Joint Venture nuclear operations and maintenance subsidiary and Korea Electric Power Corporation (KEPCO) announced on Wednesday that the reactor of Unit 1 of the Barakah Nuclear Energy Plant has achieved 80 percent of the Unit 1 reactor’s rated capacity power. The milestone is an important step in the ongoing Power Ascension Testing ...

Bloomberg Oil rose on expectations that further progress in vaccines against the coronavirus will revive global demand, and amid signs of robust consumption in Asia. Brent futures advanced 1.4% as Pfizer Inc said a final analysis of clinical-trial data indicated its Covid-19 vaccine was 95% effective. The overall price structure of the market also showed the outlook is brightening, with ...

ABU DHABI / WAM The Zayed Sustainability Prize has officially announced that the 2022 edition is now open for submissions and that entries started to be accepted from November 18 until May 6, 2021, via the Prize’s online portal -— across five sustainability categories: Heath, Food, Energy, Water and Global High Schools. Applicants that had submitted for now postponed 2021 ...

Dubai/ WAM Emirates announced plans to operate its popular A380 aircraft four times a day to London Heathrow from November 27 and six times a week to Manchester from December 2, and to deploy additional A380 services to Moscow from the current two-a-week, to a daily service from November 25. Emirates will also increase flights to Birmingham and Glasgow from ...