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Bloomberg President Donald Trump lauded a tight labour market as the unemployment rate hit a 50-year low. He didn’t mention job losses appearing in manufacturing, a key industry for his base of supporters. Total payrolls at factories contracted by about 2,000 in September, when economists had expected a 3,000 gain. The data was released as part of the monthly jobs ...

Bloomberg The 2020 Chevrolet Corvette Convertible, which debuted at the Kennedy Space Center in Florida, is the first Vette in history to have a hard, retractable roof, rather than one made of canvas. The hardtop on the new mid-engine Corvette Stingray Convertible folds seamlessly into the body, maintaining the fighter jet-inspired lines of the coupe version, providing a quieter cabin, ...

Bloomberg North Korea said it’s not keen to hold more talks with the US until measures are taken to withdraw Washington’s “hostile policy” towards Pyongyang, South Korea’s Yonhap News Agency reported. The US was using the latest talks in Stockholm for the benefit of its domestic politics, the Yonhap report said, citing a statement from the North Korean foreign ministry. ...

ABU DHABI / WAM The UAE has maintained its position as a leading investor in Lebanon with its foreign direct investment (FDI), constituting 11 percent of total FDI inflows to Lebanon, according to a top Emirati diplomat. “The upcoming joint investment forum is a realisation of the vision of the UAE’s leadership for joint Arab action, especially with Lebanon,” Hamad ...

ABU DHABI / WAM Voting for Federal National Council (FNC) representatives opened on Saturday in 39 polling centres across the country. The voting process began at 8am and ends at 8pm when voting centres will shut down, the votes counted, and the preliminary list of winners of the FNC 2019 elections announced. Since the start of the voting process – ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), has announced its participation at this year’s edition of Gitex Technology Week, the biggest tech show in the Middle East, North Africa and South Asia (Menasa), which will run from October, 6-10 at the Dubai World Trade Centre (DWTC). During the event, KFED will highlight its ‘AI Mentor’ initiative, an integrated ...

Abu Dhabi / WAM The UAE Space Agency announced its participation in the World Space Week, which focuses on the role of science and technology for the benefit of humanity. Taking place untill October 10, this year’s theme of the World Space Week will be “The Moon: Gateway to the Stars”. In celebration of the World Space Week, the Agency ...

Bloomberg Here in the heart of America’s car industry, car parts have nowhere to go. Eighty-five tractor trailers full of hoods, bumpers and other assorted parts sat, unloaded, in Lansing, Michigan, — more evidence of the cost of the General Motors (GM) strike that has shut down most of its North American plants and idled 46,000 workers. Soon to enter ...

Bloomberg The National Highway Traffic Safety Administration (NHTSA) says it’s received a petition calling for an investigation of certain Tesla Inc electric cars and is evaluating the complaint, according to a notice posted on regulator’s website. The petition, filed by a law firm representing Tesla drivers, alleges that Tesla updated battery management software in response to a potential defect that ...

Bloomberg HP Inc will slash as much as 16 percent of its workforce as part of a broad restructuring meant to cut costs and boost sales growth amid the company’s first change in top leadership in four years. The personal computer giant said it will cut 7,000 to 9,000 positions through firings and voluntary early retirement. The job reductions will ...