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Bloomberg The tremors from Germany’s downturn are reverberating in Italy — particularly in the country’s industrial heartland. Companies big and small in the prosperous northern regions have been hit by declining sales as Europe’s largest economy buckles under a manufacturing slump. That’s a problem for Italy’s government, desperate to boost its own economic growth to help it get control of ...

Bloomberg Supporters of Juan Guaido staged their biggest protest in Caracas in months as Venezuela’s opposition leader seeks to revive his campaign to oust president Nicolas Maduro. A week after Maduro’s ally Evo Morales was toppled in Bolivia, Guaido is seeking to boost thinning crowds that have grown apathetic since a botched uprising in April failed to remove Maduro. “I’m ...

Dubai / WAM Growing momentum behind regional integration, economic reforms, technological advances and infrastructure development are among the key factors fuelling business growth in sub-Sahara Africa, according to a new whitepaper released by Dubai Chamber of Commerce and Industry in cooperation with the Economist Intelligence Unit (EIU). The report, entitled Promise and Perils: Scaling up businesses in sub-Sahara Africa, was ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), issued a paper titled ‘Crypto Assets: Moving from theory to practice’. The paper was prepared in cooperation with global Central Securities Depositories, asset managers and custodians, and under the patronage of the International Securities Service Association, ISSA, in which ADX is an active member, said a press release issued by ADX ...

ABU DHABI / WAM The number of hotel guests staying in Abu Dhabi emirate during the third quarter of 2019 exceeded 1.3 million, an increase of 1.7 percent compared to the same period in 2018, according to the figures released by the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi. In the year-to-date in 2019 there have ...

MOCHA / WAM The Emirates Red Crescent (ERC), organised the 20th mass wedding in Yemen under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces; and guidance of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of ...

Bloomberg Amazon.com Inc has given notice that it will file a lawsuit challenging the Defense Department’s decision to award Microsoft Corp a cloud computing contract valued at as much as $10 billion over a decade. The e-commerce giant plans to lodge its complaint against the contract in the US Court of Federal Claims, Seattle-based Amazon confirmed. The company’s challenge was ...

Bloomberg German Chancellor Angela Merkel is coming under pressure from her own party to impose an outright ban on Chinese equipment supplier Huawei Technologies Co from the country’s 5G network. The demand is part of a motion signed by 500 of her fellow Christian Democrats to be presented at the party conference next week, according to a copy obtained by ...

Bloomberg Sri Lanka’s 16 million voters were expected to decide on Saturday whether to return to power a family of strongmen that took the nation towards a deep reliance on China or extend the rule of the current government that promises more freedom but failed to avert terror attacks that killed over 250 people in April. Gotabaya Rajapaksa, 70, whose ...

Bloomberg India’s Supreme Court refused to remove a barrier to the takeover of embattled hospital chain Fortis Healthcare Ltd by Malaysian operator IHH Healthcare Bhd, the latest twist in one of the country’s most contentious corporate sagas. The court held Fortis’ founders — Malvinder Singh and Shivinder Singh — guilty of contempt of court and said it could start similar ...