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Bloomberg Nissan Motor Co denied a report by the Nikkei that it’s planning to cut global output by around 15 percent for the fiscal year to March 2020, even as the carmaker struggles to reignite earnings and sales while dealing with the fallout from the arrest of ex-chairman Carlos Ghosn. Nissan issued a rare response calling the details in the ...

Bloomberg Porsche AG is exploring joint projects with Chinese technology giants including Tencent Holdings, Alibaba Group Holding Ltd and Baidu Inc to expand digital offerings in its largest market and bolster sales. Country-specific features for voice recognition, navigation and integration of the ubiquitous WeChat messaging service will be developed locally, Porsche Chief Executive Officer Oliver Blume said in an interview ...

Bloomberg President Donald Trump’s bid to dump a glut of liquefied natural gas (LNG) on Europe is getting an unlikely boost: stringent regulations on shipping emissions that are prompting the continent’s shipyards to hunt for alternatives to high-polluting diesel. The International Maritime Organization will clamp down next year on sulfur and carbon emissions from diesel-powered ships. That’s sparked a hunt ...

Bloomberg Europe’s consumer-goods giants are showing new signs of life by selling more food and cleaning supplies, even at higher prices. Nestle SA and Unilever surprised investors with strong starts to the year, reporting first-quarter sales growth that handily topped analysts’ estimates. The Swiss maker of KitKat bars and the Anglo-Dutch owner of Dove soap each cited a combination of ...

Bloomberg Pinterest Inc.’s message to investors was don’t compare us to social media or a search engine. The outcome was that it raised about $1.4 billion in an above-range initial public offering. Pinterest operates in a crowded digital marketing space, where Google and Facebook Inc. get the lion’s share of ad dollars, and a smattering of smaller platforms like Twitter ...

DUBAI / WAM Arab-Italian economic and trade relations will get a boost, particularly in the halal industry, following the signing of an agreement between Etihad Credit Insurance (ECI), and the Joint Italian Arab Chamber of Commerce (JIACC). The move is also in line with ECI’s mandate to support UAE’s non-oil diversification strategy by offering UAE businesses a range of conventional ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada), announced that the nearly AED58 million Al Aryam Bridge Interchange project on Sheikh Khalifa bin Zayed international highway has been completed in cooperation with the Department of Transport (DoT), in Abu Dhabi. Considered as one of the vital projects that aim to develop and improve the main road network in ...

Dubai / WAM Dubai Islamic Economy Development Centre (DIEDC), announced that it signed a Memorandum of Understanding (MoU) with the Hong Kong Trade Development Council (HKTDC), to exchange knowledge, experience, and best practices in Islamic economy, as well as boost bilateral relations between Dubai and Hong Kong. Abdulla Mohammed Al Awar, DIEDC CEO, and Raymond Yip, Deputy Executive Director of ...

Abu Dhabi / WAM Abu Dhabi Waste Management Centre (Tadweer), on Wednesday opened the first battery solar system in the region at its Al Dhafra Landfill. A solar-plus-storage plant is an energy storage system charged by a connected solar power plant. The facility at Al Dhafra Landfill has minimal operation and maintenance costs compared to conventional plants, and utilises the ...

Bloomberg China is drafting a series of stimulus measures to bolster sales of cars and electronics, according to people familiar with the matter. The draft includes subsidies for new-energy vehicles, smartphones and home appliances, said the people, who asked not to be named because they aren’t authorised to discuss the plan. The proposals are at a consultation stage with other ...