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Bloomberg China’s third-quarter slowdown continued into October, with only a few signs of stabilisation evident amid the weakest pace of expansion in almost thirty years. Bloomberg Economics’ gauge aggregating the earliest available indicators from financial markets and businesses showed the economy cooling for a sixth month, with indicators for trade, factory prices, iron ore and copper all worsening. Easing tensions ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai said that the UAE has set a pioneering role model in designing the future thanks to its proactive strategies and ability to plan for and forecast changes and developments in major economic and technological sectors. His Highness’s remarks ...

ABU DUBAI / WAM Brazil can be ‘considered as an Arab country’ thanks to a huge number of people of Arab descent in its population of more than 200 million, Brazilian President Jair Bolsonaro told the Emirates News Agency (WAM), in an exclusive interview on Sunday evening. “We always welcome everyone from the Arab world. We have more than five ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE), is set to play a key role at the Singapore International Energy Week (SIEW), by highlighting its array of services to the UAE capital’s energy sector, as well as outlining its role as a key partner organisation driving the global sustainable and clean energy agenda. This year, SIEW is ...

RAS AL KHAIMAH / WAM While visiting the Ras Al Khaimah Chamber of Commerce and Industry, a delegation from Pakistan, led by Ahmed Amjad Ali, Pakistani Consul General in Dubai, was briefed on the investment opportunities available in Ras Al Khaimah. The meeting was attended by Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAK Customs Department, Chairman of the ...

Bloomberg Billionaire Mukesh Ambani moved a step closer to creating an e-commerce giant for India, unveiling plans to set up a $24 billion digital-services holding company that would become the main vehicle in his ambition to dominate the country’s internet shopping space. The board of Ambani’s Reliance Industries Ltd approved a proposal to plow 1.08 trillion rupees ($15 billion) into ...

Bloomberg The lack of reliable crop data is a chronic problem for Indonesia and a start-up is on a mission to change that by using blockchain technology. A Jakarta-based startup HARA is using blockchain to collect and manage farm data, from soil and crop conditions to pest infestation, cultivation process, land ownership and grains transaction in a bid to help ...

Bloomberg Days before production starts on Volkswagen AG’s cornerstone electric vehicle, the German manufacturer is stepping up a campaign to more than double the market value and gain investor recognition for the industry’s most ambitious technology push. In an internal newsletter sent last week, Chief Financial Officer Frank Witter prodded managers to get behind a goal to reach a valuation ...

Bloomberg AT&T Inc shares rose after the company won plaudits from Elliott Management Corp with a three-year plan to do much of what the activist shareholder has pressed for, including separating its chairman and chief executive officer roles. AT&T said it would reach earnings of $4.50 to $4.80 a share by 2022, compared with analysts’ current estimate of $3.39 a ...

Bloomberg Once-popular loan Americans use to finance home renovations and college tuition is slowly dying, slashing a lucrative source of revenue for the nation’s largest banks. Home equity lines of credit, open-ended loans that homeowners tap for cash using their properties as collateral, exploded in the run-up to the housing crash a decade ago, doubling in volume from 2003 to ...