Masonry Layout

Bloomberg Toyota Motor Corp invested $400 million in Pony.ai to strengthen its ties with the Chinese provider of driverless-car systems. The investment extends the companies’ partnership formed last year and pushes Pony.ai’s valuation to more than $3 billion, the startup said in a statement. The pact enables a “deeper integration” of Pony.ai’s technology with Toyota’s vehicles. “It will enable us ...

Bloomberg The European Union’s (EU) chief Brexit negotiator, Michel Barnier, handed British Prime Minister Boris Johnson an ultimatum, warning there will be no trade deal unless the UK agrees to the bloc’s demands on fair competition and fishing. “The trade deal will be associated with a fisheries agreement and a level playing field, otherwise there won’t be any agreement at ...

Bloomberg Around 700 guests remained confined to their Canary Islands hotel on Wednesday as Spain stepped up efforts to contain the spread of the coronavirus and Italy and other European nations were on high alert. The number of infections in Tenerife has risen to four after two more Italians at the hotel, the H10 Costa Adeje Palace, were found to ...

Bloomberg American Axle & Manufacturing Holdings Inc, a supplier that derives three quarters of its sales from trucks and SUVs, knows the times are a-changing for the auto industry: going electric is the way of the future But almost all battery-powered models have been slow off the blocks, sales-wise. Take Jaguar’s I-Pace for example. American Axle supplies the electric drive ...

Bloomberg Escalating violence in India’s capital New Delhi has left at least 23 people dead after right-wing Hindu groups attacked mostly-Muslim protesters demonstrating against the country’s new religion-based citizenship law, the worst violence in the city in nearly three decades. Delhi’s chief minister Arvind Kejriwal called on Prime Minister Narendra Modi to send in the army to calm the “alarming” ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has unveiled the panel of world-class, expert judges who will determine the winners of the inaugural Abu Dhabi Tourism Excellence Awards, a new award scheme that has been launched to honour excellence in the travel and tourism industry. The new Abu Dhabi Tourism Excellence ...

ABU DHABI / WAM The Department of Health – Abu Dhabi (DoH) has launched an updated version of its Healthcare Capacity Master Plan (HCMP). According to the Abu Dhabi healthcare regulator, the plan is set to be an “essential and comprehensive reference for investors interested in the emirate’s healthcare sector.” “The HCMP lays out the current and future market needs ...

DUBAI / WAM The number of customs transactions completed by Dubai Customs has grown to a record 44 percent in five years (2015-2019) to 13 million at the end of 2019 from 8.9 million in 2015, reflecting a robust national economy and the pivotal role Dubai plays as a global trade hub. It also showcases the modernity and sophistication of ...

PANAMA CITY / WAM Dubai Chamber organised a breakfast roundtable for private and public sector stakeholders in Panama to introduce them to the trade and investment opportunities in Dubai due to Expo 2020, in addition to highlighting Dubai as a global business destination and gateway to the Mena region for Latin American countries. Fourty-five participants representing the private and public ...

Bloomberg Malaysia’s political upheaval is jeopardising the economy’s outlook at a time of heightened global risks and brewing discontent among locals about rising living costs. The ruling coalition collapsed Monday amid a power struggle between 94-year-old Prime Minister Mahathir Mohamad and his planned successor. The political uncertainty is stalling economic policy, including a stimulus package that was due to be ...