June, 2019

• 15 June

  Etihad Airways celebrates 15 years of service to Germany

  Abu Dhabi / WAM As the UAE and Germany intensify bilateral cooperation following the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to Germany this week, Etihad Airways, the national airline of the UAE, is celebrating 15 years of service to Germany. The airline ...

  Read More »
• 15 June

  Jafza to offer long term visa services to customers

  

  Dubai / WAM Jebel Ali Free Zone (Jafza), has announced its offering facilities to obtain long term visas for its customers in a bid to attract and retain high calibre talent within the UAE. The move is in line with Resolution No. 56 of 2018, passed by the UAE Cabinet and issued as a decree by His Highness Sheikh Mohammed ...

  Read More »
• 15 June

  WeWork weighs $1.9 billion deal for control of India unit

  

  Bloomberg WeWork Cos. is considering a deal to take majority control of its India affiliate, according to people familiar with the matter, a deal that would allow the shared-office startup to consolidate financial results from the fast-growing unit as it prepares for an initial public offering this year. The New York-based company is in talks to buy around 70% of ...

  Read More »
• 15 June

  India to impose retaliatory tariffs on raft of US goods

  

  Bloomberg India is seeking to raise tariffs on a slew of products imported from the US starting next week, just days ahead of a visit by US Secretary of State Michael Pompeo aimed at deepening defense and energy ties between the two nations. The decision to impose tariffs on as many as 29 products will be announced, said senior officials ...

  Read More »
• 15 June

  Fiat-Renault deal revival hinges on Nissan backing, French role

  

  Bloomberg As Fiat Chrysler Automobiles NV and Renault SA move on from their failed merger talks, a revival of discussions would depend on overcoming at least two major obstacles. Fiat blamed “political conditions in France’’ when it withdrew its proposal, and a signal from the French state that it would give up its sway over Renault would be necessary for ...

  Read More »
• 15 June

  Ex-chemistry teacher becomes richest self-made woman in Asia

  

  Bloomberg Two days ago, Zhong Huijuan wasn’t even the richest person in her family. Now, she’s become the wealthiest self-made woman in Asia with a $10.5 billion fortune, according to the Bloomberg Billionaires Index. The bulk of her wealth comes from her stake in Hansoh Pharmaceutical Group, China’s largest maker of psychotropic drugs, which soared 37% last week in Hong ...

  Read More »
• 15 June

  Thailand, Indonesia risk losing US trade benefit, says Maybank

  

  Bloomberg Thailand and Indonesia are at risk of losing a special trade status that gives developing economies preferential access to the US market, according to Maybank Kim Eng Research. Thailand is the second-biggest beneficiary of the decades-old program, known as the Generalised System of Preferences (GSP), while Indonesia is the fourth-largest, Maybank analysts led by Chief Economist Suhaimi Ilias said ...

  Read More »
• 15 June

  Trade tensions hurting global oil demand: Opec

  

  Bloomberg The Organization of Petroleum Exporting Countries (Opec) said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting further challenges ahead. The organization, due to meet in the coming weeks to set production levels for the second half, said demand increased by less than 1 million barrels a day ...

  Read More »
• 15 June

  US, Canada, Brazil oil output doubles in 10 yrs

  

  Bloomberg From 2008 to 2018 the amount of oil produced by the US, Canada and Brazil almost doubled. These three countries now produce roughly one quarter of the world’s oil, according to BP’s annual Statistical Review of World Energy 2019. The US alone in this time has more than doubled its oil output and effectively grabbed an additional 8 percentage ...

  Read More »
• 15 June

  Europe climate push likely to stop short of net-zero pledge

  

  Bloomberg European Union leaders plan to underscore the importance of the fight against climate change when they meet next week, though their words will stop short of a mandate to move towards zeroing out fossil fuel emissions. Heads of government will pledge “building a more climate-friendly, neutral, green, fair and inclusive future” at the summit in Brussels on June 21 ...

  Read More »