February, 2019

• 27 February

  Gulf Craft reveals its strategic vision with six global premieres

  

  Dubai / Emirates Business Gulf Craft, the Emirates pioneer builder of luxury yachts and leisure boats arrives at the 27th edition of the Dubai International Boat Show with a fleet of 12 vessels. The triple-deck Majesty 140, the biggest superyacht in Gulf Craft’s collection for this year’s show is a masterpiece that will capture all the attention. The award-winning Majesty ...

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• 27 February

  Abu Dhabi attracts 10mn visitors in ’18

  

  Abu Dhabi / WAM Abu Dhabi has welcomed 10.27 million international visitors in 2018, with the emirate also posting figures showing incredible growth over the last three years, powered by the addition of a host of world-class events and enhancements to all of its specialised tourism sectors, massive improvements to its infrastructure, and significant development of its cultural assets. The ...

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• 27 February

  China-backed trade pact faces fresh hurdles amid Bali talks

  

  Bloomberg A bid to kick-start a China-backed trade pact that would cover a third of the global economy is facing a fresh hurdle as upcoming elections across Asia and the Pacific threaten to stall progress on reaching a deal. With fallout from trade ructions between US and China endangering global growth, the Regional Comprehensive Economic Partnership (RCEP), is seen as ...

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• 27 February

  Hyundai plans $40bn in spending as car industry transforms

  

  Bloomberg Hyundai Motor Co. joined automakers pledging massive spending in the years ahead to address the industry’s transformation and fend off new competition from the likes of Tesla Inc. The South Korean maker of Sonata sedans and Tucson SUVs plans to invest 45.3 trillion won ($40 billion) in the next five years in development of new models and technologies for ...

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• 27 February

  Hong Kong cuts budget handouts with slowing economy in view

  

  Bloomberg Hong Kong’s economic growth is forecast to slow this year as the city grapples with weaker property values and the fallout from US-China trade tensions, leading to a more modest range of budget handouts than last year. The economy will grow by 2 percent to 3 percent, Hong Kong Financial Secretary Paul Chan said, after the 3 percent pace ...

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• 27 February

  Axiata to revive IPO of $2.5b Edotco

  

  Bloomberg Axiata Group Bhd., Malaysia’s biggest wireless carrier, is reviving preparations for an initial public offering (IPO) of its tower business Edotco, according to reports Axiata’s advisers recently resumed work on the deal, which was shelved last year, said the people, who asked not to be identified because the information is private. Axiata aims to list the unit in Kuala ...

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• 27 February

  Coal’s perfect storm rattles home to $50bn of projects

  

  Bloomberg It’s been a tough few weeks for Australia’s coal industry. First there was a court ruling blocking a new mine on climate change grounds, then one of the world’s largest producers Glencore capped output growth, and finally China was seen to be slowing down Australian imports. The developments are symptoms of fuel’s decline and likely signal headwinds for the ...

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• 27 February

  AT&T defeats US bid to kill $85bn Time Warner deal

  

  Bloomberg AT&T Inc. beat back another effort by the US to undo its purchase of Time Warner, cementing an $85 billion deal to help it compete with Netflix Inc. The US Appeals Court in Washington said the Justice Department failed to establish that a lower-court judge made a clear error when he rejected the government’s case that AT&T should be ...

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• 27 February

  US antitrust task force targets technology giants

  

  Bloomberg US antitrust enforcers are zeroing in on technology giants following years of criticism that they haven’t done enough to rein in dominant internet companies like Alphabet Inc.’s Google and Facebook Inc. The Federal Trade Commission said it’s creating a task force led by senior competition officials and 17 staff lawyers to investigate potentially anticompetitive conduct by technology companies. It ...

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• 27 February

  Drop in Italian confidence may signal longer recession

  

  Bloomberg Italian business and economic confidence fell, signaling a possible continuation of the recession that started late last year. Italy’s coalition leaders have been rallying around their message that growth will pick up, defying projections the economy will have trouble expanding significantly this year. Premier Giuseppe Conte said this week he foresees growth “at least in the second half.” The ...

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