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Bloomberg BMW AG’s Chief Financial Officer Nicolas Peter expects full-year earnings near the upper end of the company’s guidance as higher vehicle prices offset production outages stemming from the dearth of chips. BMW’s returns from automaking will likely be at the higher end of the 9.5% to 10.5% of sales the company projected in September, the CFO said. While BMW ...

ABU DHABI / WAM His Highness Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and Chairman of the Executive Committee of the Board of Directors of Abu Dhabi National Oil Company (Adnoc), on Wednesday launched a new global renewable energy and green hydrogen venture between Adnoc ...

Abu Dhabi / WAM The UAE Ministry of Industry and Advanced Technology (MoIAT) signed a memorandum of understanding (MoU) with the Ministry of Industry and Trade of the Russian Federation to bolster industrial collaboration in hydrogen fuel technology. In line with their common objective to develop sustainable and reduced or emission-free energy sources, as well as achieve a carbon neutral ...

ABU DHABI / WAM The global maritime community convened at the Adipec 2021 Offshore and Marine Conference on Wednesday to explore the critical enablers of decarbonising the industry and ensuring it is on track with the International Maritime Organization (IMO) targets and the UN Sustainable Development Goals. Held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al ...

Abu Dhabi / WAM The UAE will celebrate Oman’s 51st National Day on November 18, underscoring the close relations between the two countries, which have witnessed significant development under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and HM Sultan Haitham bin Tariq, reaching the level of a strategic partnership in political, economic, social and cultural ...

Dubai / WAM The Cybertech Global Conference 2022, returns to Dubai for the second time in full scale on the June 13-14, 2022, gathering thousands of C level decision makers and brings new market opportunities for multinational corporations, startups, private and corporate investors, venture capital firms, government entities and academia. The conference aims to foster expert collaborations, create new business ...

Bloomberg A virtual summit between US President Joe Biden and Chinese leader Xi Jinping marked a “good beginning” for the world’s biggest economies to avoid a conflict, former Secretary of State Henry Kissinger said. “They now have to be followed by concrete discussions that lead in a direction both presidents have affirmed they want to pursue,” the influential US diplomat ...

Bloomberg Real estate investors acquired a record 18% of US homes sold in the third quarter of 2021, wagering $64 billion that home prices and rents will continue to surge. Investors bought more than 90,000 homes in three months through September, up 10% from the prior quarter and 80% from a year earlier, according to a report by Redfin Corp. ...

Bloomberg UK inflation climbed faster than expected to the highest in a decade, heaping pressure on the Bank of England (BOE) to raise interest rates and tightening a squeeze on living standards for households. Consumer prices rise 4.2% from a year ago in October, driven by energy prices and the impact of broad-based supply shortages across the economy. That was the ...

Bloomberg Traffic at Canada’s largest port has been cut off by what local officials are calling the storm of the century, the latest snag to hit the North American supply chain. Days of torrential rain have pelted British Columbia, triggering floods and landslides that have blocked the tracks of the nation’s two major railways and washed away parts of its ...