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Bloomberg Volkswagen AG is weighing options for its Lamborghini supercar brand, as the German manufacturer moves ahead with an overhaul aimed at more than doubling its market value and getting ahead of an expected industry shakeout, according to people familiar with the matter. The options VW is mulling include a sale or stock listing, said the people, who asked not ...

Abu Dhabi / WAM HH Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council, Chairman of Abu Dhabi Executive Office, has inaugurated on Wednesday the Abu Dhabi Moments initiative, which is part of the Abu Dhabi Government Accelerators Programme (Ghadan 21). Ghadan 21 aims to enhance community spirit and build a strong sense of community ...

Ajman / WAM His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Executive Council, launched ‘Ajman Pay’, a smart digital payment portal that is designed to keep up with the latest technologies in the areas of payment and government revenue control securely and speedily. Ajman Pay aims to provide multiple payment channels and ...

Dubai / WAM The UAE ranked first in the Arab World and 25th globally in the Global Competitiveness Report, 2019, released by the World Economic Forum, Davos, on Wednesday. According to the report, which assesses the competitiveness landscape of 141 economies, providing unique insight into the drivers of economic growth, the UAE gained two positions since the last edition. Commenting ...

Abu Dhabi / WAM Delegates of the eighteenth session of the General Conference (GC), of the United Nations Industrial Development Organisation (UNIDO), are set to arrive in Abu Dhabi on November 2 for five days of discussions around the future of manufacturing. The General Conference, UNIDO’s supreme policymaking organ convenes every two years to determine the guidelines and policies of ...

Bloomberg President Donald Trump said the US “should never have been” in the Middle East and it was “the worst decision ever made” amid reports that Turkey has begun its operation to force back US wartime allies in Syria. In a series of tweets defending his decision that the US would stand aside and allow a Turkish incursion in an ...

Bloomberg China is still open to reaching a partial trade deal with the US, an official with direct knowledge of the talks said, signalling that Beijing is focussed on limiting the damage to the world’s second-largest economy. Negotiators heading to Washington for talks starting on Thursday aren’t optimistic about securing a broad agreement that would end the trade war between ...

Bloomberg A draft amendment to China’s Statistics Law will make officials and their bosses directly accountable for data accuracy and also increase the ceiling on fines for companies that report false information. The draft amendment was published by the National Bureau of Statistics on its website, with the bureau calling for feedback until November 9, according to a statement. If ...

Bloomberg Johnson & Johnson’s Janssen unit was hit with an $8 billion punitive-damages verdict — the largest jury award in the US this year — over its alleged mishandling of an anti-psychotic drug blamed for disfiguring the physique of adolescent boys. A state court jury in Philadelphia concluded the Janssen’s wrongful marketing of its Risperdal drug to teens warranted the ...

Bloomberg US farmers and agribusinesses face a rising threat of long-term losses in export sales as President Donald Trump’s trade war with China continues, Boston Consulting Group (BCG) warned in a report. The finding by a blue-chip management consulting firm could feed mounting fears among major US agricultural players that the damage done from a tariff war that has already ...