Masonry Layout

Bloomberg Venezuelan President Nicolas Maduro said “we’re getting ready to defend our country” as the US presses him to cede power. While President Donald Trump signaled he’s confident a transition of power to opposition leader Juan Guaido is under way and said the use of US military force in Venezuela remains “an option,” Maduro went on Spanish television to denounce ...

Bloomberg Billionaire Anil Ambani’s Reliance Communications Ltd. had a record plunge in Mumbai after the company said it will file for insolvency following failed attempts to sell assets and repay about $6.3 billion of debt. Shares of RCom, as the company is called, were trading at 7.01 rupees in Mumbai, down 39 percent. The company’s dollar-denominated bonds due November 2020 ...

Bloomberg China’s consumers have cut back on purchases of everything from Apple Inc.’s iPhones to Swiss watches as the trade war with the US hits the economy. Landing just days after hundreds of local companies issued profit warnings and multinationals sounded the alarm about softening demand, the week-long Lunar New Year holiday will provide the next litmus test of the ...

Bloomberg After failing to stop Donald Trump from unleashing tariffs on national security grounds, the US business community is lining up behind efforts to limit his power to impose them. The US Chamber of Commerce, Business Roundtable, and two coalitions with dozens of trade associations are backing legislation to require congressional approval before a president imposes such national-security tariffs. Trump ...

Bloomberg Nissan Motor Co. abandoned a plan to make the X-Trail sport-utility vehicle at the UK’s biggest auto factory, saying uncertainty over Brexit isn’t helping on future investment. “We appreciate this will be disappointing for our UK team and partners,” Nissan Europe Chairman Gianluca de Ficchy said in a statement. “While we have taken this decision for business reasons, the ...

Bloomberg Minnesota leaders are starting work on a $2 billion light rail project, the state’s largest infrastructure project — and the kind of spending that may help keep recession risk at bay. Spending by cities and states is a bright spot that could help to extend the expansion, now in its 10th year and within months of becoming the longest ...

Abu Dhabi / WAM His Holiness Pope Francis, head of the Catholic Church, arrived in Abu Dhabi on Sunday evening to begin his historic visit to the United Arab Emirates. He was received at the airport by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His ...

Dubai / wam His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy and Chairman of the Expo 2020 Dubai Higher Committee, has broken ground for the first solar-driven hydrogen electrolysis facility in the Middle East and North Africa (Mena). The project will be carried out in collaboration between Dewa, Expo 2020 Dubai and ...

Dubai / WAM As the UAE economy grows, global trade enabler DP World is playing a key role in its development, according to a new study by the Boston Consultancy Group, BCG, “Economic Impact Assessment of Jebel Ali Port and Jebel Ali Free Zone on the Economies of Dubai and the UAE.” The results of the study were presented during ...

Dubai / WAM A major contract to complete some 29,000 square metres of public space at Expo 2020 Dubai – worth AED 169 million – was awarded to a UAE-based contractor. The move reinforces World Expo’s commitment to support Emirati companies and create a long-term positive impact on the country’s economy. Arabtec Construction secured the contract, which includes building a ...