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Bloomberg President Donald Trump is set to meet North Korea’s Kim Jong-un in less than three weeks, yet the biggest question hanging over the leaders’ second summit is why they’re even having it. Since their historic face-to-face meeting in Singapore eight months ago, North Korea has made little progress towards giving up its nuclear weapons and continues to do what ...

Bloomberg The downward pressure on China’s consumption persisted over the Lunar New Year holiday, the annual festival when people travel, shop, and give gifts or money. People in China spent 1.01 trillion yuan ($149 billion) at restaurants, shopping malls and online outlets over the week-long holiday, according to the Ministry of Commerce. That was 8.5 percent higher than during last ...

Bloomberg What kind of financial blow has the widening scandal surrounding Carlos Ghosn delivered to Nissan Motor Co. and Renault SA? Investors are about to get a glimpse when closely watched earnings releases come out this week. The alliance partners have spent the last two months coping with a major reputational hit from Ghosn’s arrest, indictments by Tokyo prosecutors over ...

Bloomberg The UK economy buckled under the strain of Brexit uncertainty in the fourth quarter. Gross domestic product (GDP) increased a smaller-than-forecast 0.2 percent, compared with 0.6 percent in the third quarter. December alone saw the economy shrink by 0.4 percent, the most since before the 2016 vote to leave the European Union. The slowdown over the quarter came as ...

Bloomberg Shares of drugmaker Bristol-Myers Squibb Co. gained, with acquisition target Celgene Corp. falling after activist hedge fund Starboard Value was said to have taken a stake in Bristol-Myers. The size of Starboard’s stake and any plans that Jeff Smith’s hedge fund might have for its investment in the $81 billion drugmaker couldn’t immediately be learned when Bloomberg reported the ...

Bloomberg Europe’s scooter startups Tier Mobility and Voi Technology AB have held early-stage discussions to combine their operations, in response to the impact of larger US rivals on the continent, according to people familiar with the discussions. The talks, which started in November, recently stalled after Voi concluded that it could continue its growth independently, one person said. All of ...

DUBAI / WAM The seventh session of the World Government Summit kicked off on Sunday morning in Dubai with the participation of more than 4,000 people from 140 countries, including heads of state, ministers and officials who will gather to redefine the future of governments and unite efforts to shape the future of the world. The summit will include 600 ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Sunday heads of states and governments, political leaders, and economic experts participating in ...

Abu Dhabi / WAM The nexus between public health and climate is a topic that resonates strongly with the UAE, according to Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, who was speaking at the Climate Change Forum taking place at the World Government Summit being held in Dubai from February 10-12. Speaking at a ...

Dubai / WAM Improved public and private partnerships for the holistic benefit of the technology sector are crucial for governments across the world, advised a panel of thought-leaders at the seventh World Government Summit (WGS 2019). The panel titled ‘The Future of Digital Policy’ was hosted in partnership with Google at WGS. Speakers at the panel included Dr Amr Talaat, Egyptian ...