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World’s dirtiest air is in India where pollution costs lives

Bloomberg Seven of the top 10 most polluted cities in the world are in India, according to a new study showing South Asia’s battle with deteriorating air quality and the economic toll it’s expected to take worldwide. Gurugram, located southwest of India’s capital New Delhi, led all cities in pollution levels in 2018, even as its score improved from the ...

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Made-in-America tax break may not pull US firms back onshore

Bloomberg The US is giving American exporters a sizable tax break on the goods and services they sell overseas. But the benefit might not be enough to convince Corporate America to expand its US operations beyond what it was already planning. Instead, the deduction may be going to companies that were already going to export with or without the tax ...

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Vodafone plans to raise $4.5bn in convertible bond sale

Bloomberg Vodafone Group Plc plans to raise about 4 billion euros ($4.5 billion) selling bonds convertible into shares to fund the acquisition of some of Liberty Global Plc’s European businesses without weighing down the phone giant’s balance sheet. The two sets of sterling-denominated securities, announced on Tuesday, will help pay for the $22 billion purchase of Liberty Global’s German and ...

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Qualcomm puts value of patent portfolio on the line as Apple suit goes to trial

Bloomberg Qualcomm is putting the value of its patent portfolio on the line in a California courtroom in its hometown to try to make Apple Inc. pay for using technology the chipmaker credits for the iPhone’s commercial success. It’s the first time a US jury will have a say in the two-year, sprawling global battle between the tech giants. Qualcomm ...

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Mohammed allocates AED1.5b for ‘new generation’ of schools

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday visited educational institutions in Fujairah and Kalbaa in Sharjah. During the visit, His Highness Sheikh Mohammed announced the allocation of AED1.5 billion to build the first group of a ‘new generation’ of Emirati schools. He ...

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Hamdan opens Al Safa Art and Design Library

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, officially inaugurated the new Al Safa Art and Design Library, a branch of the Dubai Public Library, which is a part of Dubai Culture and Arts Authority (Dubai Culture), the emirate’s dedicated entity for culture, arts, heritage, ...

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Abu Dhabi Presidential Palace to open its doors to the public

Abu Dhabi / WAM Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the instructions of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Presidential Palace complex in the capital Abu Dhabi will house ‘Qasr Al Watan’ — a new ...

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UAE cabinet OKs amendments to civil procedure code

DUBAI / WAM The UAE Cabinet adopted a resolution on the Civil Procedure Code, which outlines important amendments in line with the UAE Vision 2021 and UAE Centennial Strategy 2071. The amendments are aimed at strengthening and modernising the judicial procedures to ensure their ease of application. The decision comes after concerted efforts between the federal and local authorities within ...

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Moon lauds Kim’s nuclear offer, splitting with Trump

Bloomberg South Korean President Moon Jae-in praised North Korea’s offer to dismantle a key nuclear production complex as an “irreversible” step to undercut its weapons program, breaking with the Trump administration. In a meeting to discuss the summit last week in Hanoi between Donald Trump and Kim Jong-un, Moon on Monday lauded North Korea’s offer to dismantle the Yongbyon nuclear ...

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Australia, Indonesia sign free trade deal as elections near

Bloomberg Indonesia and Australia signed a free-trade agreement, overcoming more than eight years of negotiations and 11th-hour delays in a move designed to bolster their under-developed economic relationship. Indonesia’s Trade Minister Enggartiasto Lukita and Australia’s Trade Minister Simon Birmingham inked the deal in Jakarta on Monday. It will need to be ratified by parliaments in both nations before it comes ...

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