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Bloomberg Germany’s car industry built its world-class reputation on sedans like the Audi A4, the BMW 5-Series and the Volkswagen Passat, reliable models that look good in the family driveway or company lot. But a shift in consumer taste to more hulking vehicles is coming at the worst possible time. Demand for sport utility vehicles that initially took hold in ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Vladimir Putin of Russia on Tuesday held an official meeting at the Presidential Palace in Abu Dhabi. His Highness welcomed the Russian President and his accompanying delegation. Sheikh Mohamed bin Zayed expressed ...

Abu Dhabi / WAM The Abu Dhabi Government and the Abu Dhabi National Oil Company (Adnoc), awarded to a subsidiary of the Russian listed PJSC Lukoil Oil Company (Lukoil), a five percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma and other offshore sour gas fields in the Emirate of Abu Dhabi. At the same time, Adnoc, ...

ABU DHABI / WAM The UAE Space Agency (UAESA), announced the details of its National Space Strategy 2030 and National Space Investment Plan, complementing the regulatory and legislative framework of the UAE’s national space sector and in line with the strategic objectives of the Agency. The announcement was made during an official ceremony held in the UAE capital, Abu Dhabi. ...

ABU DHABI / WAM The Abu Dhabi Department of Energy (DoE), sought out cooperation opportunities with Russia’s Ministry of Energy in the conventional and renewable energy sectors. The Chairman of the Abu Dhabi DoE, Awaidha Murshed Al Marar, met with Russian Minister of Energy, Alexander Valentinovich Novak, to discuss opportunities for collaboration on the sidelines of Russian President Vladimir Putin’s visit ...

Bloomberg Forces loyal to Syrian President Bashar al-Assad took control of the strategic town of Manbij near the Turkish border amid growing pressure on Ankara to end an offensive that has drawn US and European sanctions and accusations of war crimes. In its strongest comments yet, Russia said the offensive was “unacceptable” and it was opposed to the presence of ...

Bloomberg South Korea unveiled plans to speed up the adoption of electric cars, self-driving vehicles and even flying automobiles in the coming years to help revive a sagging economy. President Moon Jae-in said in a speech on Tuesday Korean companies will invest 60 trillion won ($50 billion) over the next decade into the future of transportation. The government will spend ...

Bloomberg An insolvency case in a remote city on the Tibetan Plateau shows how in China, most outcomes are better than getting booted out of the stock market. A local court in Qinghai — a huge and sparsely-populated province that’s home to the country’s largest lake — threw a lifeline to Qinghai Salt Lake Industry Co when it accepted a ...

Bloomberg UK carmakers, already reeling from more than 500 million pounds ($628 million) in costs to prepare for Brexit, made an eleventh-hour call on the government to strike a deal with the European Union to safeguard the future of the industry. Crashing out of the EU would threaten jobs and the sector’s long-term survival, the Society for Motor Manufacturers and ...

Bloomberg Investor confidence in Germany’s economic outlook remained weak in the latest sign of concern that the nation has slipped into a recession amid trade tensions. ZEW’s index of expectations for the next six months declined to minus 22.8, compared with minus 22.5 last month. Measures of current conditions in Germany and of expectations for the euro zone both worsened. ...