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Bloomberg Stronger-than-expected new-car sales last month belied a dirty little secret: Automakers have been selling more vehicles to rental fleets in recent months to prop up volume. Deliveries to rental-car companies and other non-retail buyers accounted for more than a third of total sales last month for Ford Motor Co and Nissan Motor Co, according to data from researcher Cox ...

Bloomberg Living where you work and play may not seem like the ideal balance in terms of escaping the grind, but it’s a key plank of Singapore’s vision for its central business district. Like many cities’ financial centres, Singapore’s is bustling by day and close to deserted during a weekend. The government hopes to change that and laid out details ...

Bloomberg Colorado’s legislature passed a sweeping overhaul of the state’s oil and natural gas laws, giving local governments more power to regulate drilling in one of the nation’s top crude-producing regions. The bill, which passed the state Senate by just three votes amid intense industry opposition, now heads to the desk of Democratic Governor Jared Polis, a longstanding proponent of ...

Bloomberg The Italian Treasury is set to slash its growth forecast for this year and raise its projected budget deficit, according to two senior officials with knowledge of the draft outlook. The economy will expand by just 0.1 percent this year, according to the draft, which is due for cabinet approval by April 10, the officials said. The government’s previous ...

Bloomberg A Canadian trade tribunal is recommending that Prime Minister Justin Trudeau’s government claw back steel tariffs imposed to contain fallout from Donald Trump’s own levies. In a decision, the Canadian International Trade Tribunal recommended tariff rate quotas on two types of steel — heavy plate and stainless steel wire — among seven that the government had already applied provisional ...

Bloomberg Libyan strongman Khalifa Haftar’s forces advanced to the outskirts of Tripoli, setting up a potential endgame for the capital as the country’s UN-backed government vowed stiff resistance. Under attack from fighter jets, Haftar’s self-styled Libyan National Army (LNA) fought its way towards the country’s most populous city, where battle-hardened militias that oppose him have mobilised. Appeals for calm by ...

RABAT / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, has visited the Spring youth camp, ‘Abnaa’ Al Fakhr’ in Rabat, Morocco. The camp is organised by the Martyrs’ Families’ Affairs Office at the Abu Dhabi Crown Prince’s Court. Children and young individuals aged between 10 and 22 years are partaking in the ...

ABU DHABI / WAM The UAE Government has announced granting long-term visas for the top 100 start-ups shaping the fourth industrial revolution. The 100 Arab start-ups were selected at the World Economic Forum on the Middle East and North Africa, held in Jordan from April 6-7. The two-day forum witnessed for the first time bringing together 100 emerging companies from ...

Abu Dhabi / WAM The Small and Medium Enterprises Exhibition (SME Expo), will kick-off in the nation’s capital, Abu Dhabi this April. The exhibition, held under the patronage of Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the UAE SME Council, will take place on April 29-30 at the Abu Dhabi National Exhibition Centre (Adnec). The event ...

DUBAI / WAM The number of customs declarations carried out by Dubai Customs had reached 78 percent of the overall transactions carried out by the customs authority. According to a press statement, out of the total of 9.6 million transactions undertaken by Dubai Customs in 2018, 7.5 million were customs declarations. Around 98 percent of these declarations were completed in ...