July, 2018

• 21 July

  Abu Dhabi showcases new offerings in UK roadshow

  

  Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has concluded its annual roadshow to the UK, following successful events held at Abode Chester and The Bulgari Hotel in London. The roadshow, co-sponsored by Etihad Airways and Yas Experiences, gave 120 agents, tour operator reservation staff and product managers the opportunity to learn ...

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• 21 July

  Toyota may halt US imports of some models on Trump’s tariffs

  

  Bloomberg Toyota Motor Corp. may stop importing some models into the US if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. The Japanese carmaker is busy analysing scenarios about how tariff schemes could affect each of its car and truck lines, said Jim Lentz, ...

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• 21 July

  Tata Motors talks on engineering unit stake sale

  

  Bloomberg Tata Motors, owner of Jaguar Land Rover, has restarted talks on the sale of a stake in its engineering unit just months after a deal with Warburg Pincus was called off, people with knowledge of the matter said. The carmaker has started preliminary discussions with a private equity firm that expressed interest in buying a stake in Singapore-headquartered Tata ...

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• 21 July

  SoftBank fund seeks to invest in China AI giant

  

  Bloomberg SoftBank Vision Fund is seeking to invest almost $1 billion in China’s SenseTime Group Ltd. as it seeks a stake in the world’s most valuable artificial intelligence (AI) startup, people familiar with the matter said. The fund, created by SoftBank Group Corp., and SenseTime are still finalising terms of the deal and the details could still change, the people ...

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• 21 July

  Malaysia’s minister cuts growth projection to 5%

  

  Bloomberg Malaysian Finance Minister Lim Guan Eng pared back expectations for economic growth for this year to about 5 percent as the export-reliant nation braces for knock-on effects of a brewing trade war. “If the global economy slows, as a trading nation, definitely Malaysia will be impacted,” Lim said in an interview with Bloomberg Television. His forecast is more bearish ...

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• 21 July

  Facebook faces delay to WhatsApp payments in India

  

  Bloomberg India’s government is holding up Facebook Inc.’s plans for a nationwide launch of its WhatsApp payments service over concerns about how users’ data will be stored and other issues, according to people familiar with the matter. The country’s Ministry of Electronics and Information Technology, or MEITY, has asked WhatsApp and its partner banks to supply more details about the ...

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• 21 July

  Aramco-Sabic deal would funnel billions to Saudi fund

  

  Bloomberg A potential deal between Saudi Arabia’s state-owned oil and petrochemical giants could enable the country’s sovereign wealth fund to raise billions of dollars. Saudi Aramco, the world’s largest oil company, is considering buying a strategic stake in the Sabic petrochemical group, Aramco said in a statement, adding that the talks were at a “very early stage.” The Public Investment ...

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• 21 July

  Saudi says it will not oversupply global oil market

  

  Bloomberg Saudi Arabia rejected concerns that it’s planning to oversupply global oil markets and said it will actually trim crude exports next month. The kingdom bolstered production by the most in three years last month, pumping almost 10.5 million barrels a day. Yet it signalled that it won’t go any further for now, saying exports this month will be “roughly ...

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• 21 July

  Goldman puts a grim number on solar slump for this year

  Bloomberg Anyone following clean energy knew this could be a tough year for solar. Goldman Sachs Group Inc. just put a grim number on how bad. The pace of global installations will contract by 24 percent in 2018, Goldman analysts said in research note. That’s far more dire than 3 percent decline forecast by Bloomberg NEF in the bleakest of ...

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• 21 July

  Uranium tariffs may raise cost of fuel for N-plants

  Bloomberg The Trump administration’s decision to consider tariffs on uranium imports may raise the cost of fuel for nuclear reactors and undermine a separate initiative to shore up struggling electricity generators. The Commerce Department said it will probe whether uranium imports “threaten to impair” national security. US miners Energy Fuels Inc and Ur-Energy Inc, which requested the probe in January, ...

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