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Bloomberg India and the US plan to initiate ministerial discussions to sort out trade differences after President Donald Trump met Prime Minister Narendra Modi at the Group of 20 summit in Japan. The meeting — held after Trump called on India to withdraw an “unacceptable” increase in tariffs on US goods — sought to “clear the air and to set ...

Bloomberg Europe and South America’s leading customs union struck a free-trade deal after 20 years of talks, notching up a major win in a global market-opening drive that counters the protectionism of US President Donald Trump. Top European Union officials reached a breakthrough in market-opening negotiations with counterparts from the Mercosur group of Argentina, Brazil, Paraguay and Uruguay, paving the ...

Bloomberg US consumer spending in the first quarter was even weaker than previously reported on lower outlays for services while business investment was revised higher, leaving the pace of economic growth at a still-solid 3.1 percent. Consumer spending, the biggest part of the economy, grew at a 0.9 percent annual pace, according to a Commerce Department report, the slowest in ...

Bloomberg Ford Motor Co. will eliminate about 20 percent of its workforce across Europe in a sweeping overhaul to tackle the carmaker’s falling sales in the region and lift weak profitability. The restructuring, which has been announced piecemeal, will involve reducing its manufacturing footprint in Europe to 18 facilities by the end of 2020 from 24 at the beginning of ...

Bloomberg Donald Trump and Kim Jong-un agreed to restart nuclear talks after an hour-long meeting on Sunday which saw Trump become the first American leader to set foot in North Korea while in office. Trump hailed ties with Kim, whom he has now met three times, and invited him to visit the White House. The meeting was hastily planned after ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai directed to launch the next edition of the World Government Summit at Expo 2020 Dubai on November 22-25, 2020. The ‘World Government Summit- Expo 2020’ will be the biggest gathering yet since its inception with an expected ...

Abu Dhabi / WAM Given its role in preparing plans, programs and activities related to agriculture, food safety and food security, the Abu Dhabi Agriculture and Food Safety Authority (Adafsa), announced it will organise two major global events in the Emirate of Abu Dhabi by the end of this year. They will be held under the patronage of HH Sheikh ...

Abu Dhabi / WAM Emirates Water and Electricity Company (EWEC), announced that ‘Noor Abu Dhabi’, the world’s largest single solar project, with a capacity of 1,177MW, has started commercial operation. The project will enable Abu Dhabi to increase its production of renewable energy and reduce the use of natural gas in electricity generation, helping to make energy more sustainable and efficient ...

Abu Dhabi / WAM Abu Dhabi Department of Energy (DoE), announced the launch of a ‘Recycled Water Policy,’ that will ensure optimal use of recycled water in the emirate. Announced during a workshop held by DoE, which was attended by all concerned parties, the policy supports efforts to preserve Abu Dhabi’s water resources, including drinking and underground water, in order ...

Bloomberg Donald Trump said he’d cross into North Korea at the country’s border to meet Kim Jong-un this weekend as the US president looks to restart stalled nuclear talks. “I will be in South Korea — I let him know,” Trump told reporters in Osaka, Japan, after a tweet in which he invited Kim for a handshake. “We’ll see. If ...