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Bloomberg US manufacturing closed out a tumultuous year with the weakest monthly performance since the end of the recession, with orders shrinking and factories continuing to dial back production. The Institute for Supply Management’s purchasing managers’ index fell to 47.2 in December, 2019 from 48.1, the fifth straight month of contraction and missing estimates for a rise in a Bloomberg ...

Bloomberg Apple Inc Chief Executive Officer Tim Cook made $125 million in the company’s 2019 fiscal year, less than the year before due in part to a lower bonus. Cook got a $3 million salary, a $7.7 million bonus and $884,466 in perks and other compensation in the latest period, the Cupertino, California-based technology giant said in a filing. The ...

Bloomberg A group of Amazon.com Inc employees who pushed the company to combat climate change say Amazon has threatened to fire some of them if they continue to speak out about their employer’s internal affairs. Two were threatened with termination, a spokesperson for Amazon Employees for Climate Justice said, and a total of four were told in meetings that they ...

Bloomberg The US moved quickly to brief governments abroad and seek support for its decision to kill the Iranian commander in charge of its elite Quds force, with Secretary of State Michael Pompeo calling counterparts in France, the UK, Russia and other major powers. Foreign leaders largely reacted with caution to President Donald Trump’s decision to launch a strike that ...

MUKALLA / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC), provided 35,144 food parcels weighing 2,840 tonnes to the residents of Hadramaut Governorate during the Year of Tolerance 2019, benefitting 175,720 people who are members of vulnerable Yemeni families. At the end of the Year of Tolerance, the ERC distributed 100 food parcels weighing 8 tonnes, which ...

Ras Al Khaimah / WAM The world’s eyes were on Ras Al Khaimah as it captivated people all over with a spectacular New Year’s Eve Gala that set two Guinness World Records titles. Hundreds of thousands of spectators, including international tourists, witnessed the 13-minute long fireworks that also reached billions of people through live feeds online and simultaneous live telecasts ...

Dubai / Emirates Business Dubai Land Department (DLD) and Property Finder launched Mo’asher, Dubai’s official Sales Price Index, to the market. The Index will provide consumers with updated property sales price insights in Dubai. DLD will provide data for Mo’asher on a monthly basis, which will then be coupled with data on property asking prices from Data Finder, the real ...

DUBAI / WAM Strengthening Dubai’s position as the leading “cruise hub of the region”, the emirate welcomed six international cruise liners through the Mina Rashid cruise terminal. The terminal dealt with over 60,000 cruise passengers, as they handled all the processes for the smooth arrival of TUI Cruises’ Mein Schiff 5, Pullmantur Cruises’ Horizon, MSC Cruises’ MSC Lirica, Jalesh Cruises’ ...

Bloomberg Hong Kong began 2020 with a familiar sight: Tear gas, fires, vandalism and roadblocks in busy downtown areas as protesters vowed to maintain their fight for more democracy and less Chinese control. Running battles between riot police and demonstrators continued into the night after tens of thousands of mostly peaceful protesters flooded streets from Causeway Bay to Central. Tensions ...

Bloomberg India outlined the contours of a $1.5 trillion plan to build infrastructure over the next five years to shore up economic growth. The programme will include existing projects in the energy, road and railway sectors in the pipeline, Finance Minister Nirmala Sitharaman told reporters. Private companies will account for 22%-25% of the investments, with the federal government and states ...