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Bloomberg Dometic AB’s chief executive officer is readying a new strategic direction and will unveil a cost-savings package for the Swedish maker of cooling and ventilation products for vehicles and boats. With the measures, which include shifting manufacturing and seeking out new customers groups, Juan Vargues is trying to get investors to look beyond a recent slump in the market ...

Bloomberg The end may be in sight for the euro’s worst run since 2015. The common currency will probably bottom out against the dollar in early next year, and rise from there as the US economic outperformance runs out of steam, undermining support for the greenback, according JPMorgan Chase & Co. It may hit a low of $1.11 in the ...

ABU DHABI / WAM The Minister of Foreign Affairs and International Cooperation, His Highness Sheikh Abdullah bin Zayed Al Nahyan inaugurated the ‘Sheikh Zayed and Europe: a Journey’ exhibition at The Founder’s Memorial in Abu Dhabi. Organised by the European Union Delegation to the UAE and the Austrian and Bulgarian Presidencies of the Council of the EU for the year ...

Sharjah / WAM HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah on Sunday, inspected the work progress of the Sharjah Mosque Project in Al Tayy Suburb in Sharjah. The visit comes as part of HH’s keenness to review the progress of work of various vital and important projects that serve the citizens and ...

ABU DHABI / WAM On December 2, the UAE marks its 47th National Day, through official and popular celebrations that reflect the significance of the anniversary of the establishment of the Union. The celebration has gained special importance this year, as it will coincide with 2018 being the ‘Year of Zayed’, which was announced by President His Highness Sheikh Khalifa ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) on Sunday inaugurated its technologically advanced Taweelah Gas Compression Plant, which will ensure uninterrupted gas supplies to major Abu Dhabi industries and throughout the UAE. The plant, located 50 kilometres north of Abu Dhabi city, will utilise up to 450 million standard cubic feet per day (mmscfd) of sales ...

Bloomberg European leaders gave Theresa May her Brexit deal but warned that the UK Parliament must vote for the plan as it stands because negotiations will not be reopened if British politicians reject it. On Sunday, the prime minister got her agreement on the UK’s divorce from the European Union at a special summit in Brussels, when the leaders of ...

Bloomberg The sudden downfall of Carlos Ghosn looks set to unleash a power struggle between Renault SA and Nissan Motor Co. over the alliance he oversaw for two decades. While both sides say they’re committed to the partnership, they’re already prepping for a battle over control of the world’s biggest car alliance, people familiar with their discussions said. And with ...

Bloomberg Online shopping in Singapore is lackluster even after Amazon Inc. debuted its Prime service in mid-2017. The island’s malls are trying hard to keep it that way. With some of the nation’s biggest mall operators reporting falling rents and rising vacancies, landlords, just like those elsewhere in Asia and the US, are being forced to reposition. They’re making room ...

Bloomberg UK businesses stand to lose access to a $1.7 trillion public procurement market if signatories to a World Trade Organization (WTO) accord this week block Britain’s application for membership, which will lapse after it leaves the European Union in March. On November 27, the UK will seek admission to the 46-nation Government Procurement Agreement (GPA) in Geneva. Failure to ...