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New York / WAM Dubai Chamber of Commerce and Industry led a delegation of UAE retail leaders to New York to participate in NRF 2019: Retail’s Big Show, the world’s largest retail expo and conference, where the delegates explored the latest trends and technologies reshaping the future of the global retail sector. The delegation was headed by Majid Saif Al ...

Bloomberg The UK stands at its most dangerous crossroads in decades after Parliament emphatically rejected Theresa May’s Brexit deal and left her facing an uncomfortable vote to oust her government. The humiliating defeat on Tuesday evening, the biggest for any government in modern history, leaves May’s divorce agreement with the European Union all but dead and opposition leader Jeremy Corbyn ...

Bloomberg Carlos Ghosn is on the verge of losing his final fingerhold on power within the world’s biggest car-making alliance, with Renault SA said to be laying plans to remove him as chairman and chief executive officer. Two months after Ghosn’s shock arrest for alleged financial crimes in Tokyo, the French carmaker’s board will probably meet in the coming days ...

Bloomberg Du Zhenye outperformed his peers in China last year by selling nearly all his stock holdings and piling into bonds. He’s predicting 2019 will be similar for the market. “Bonds will be a sure bet,” said Du, who plans to buy short-dated debt issued by local government financing vehicles, as well as long-dated government and policy bank notes. Falling ...

Bloomberg Aston Martin and Bentley Motors saw this crash coming — but it’s still going to sting. Speaking onstage at a conference in Detroit before and after the British Parliament rejected Prime Minister Theresa May’s Brexit deal, the chief executive officers of two companies synonymous with UK carmaking had been bracing for disaster. Both have been making arrangements to do ...

Bloomberg The much-anticipated alliance announcement by Volkswagen AG and Ford Motor Co left investors feeling let down as it lacked a big-bucks plan to join forces on electric vehicles and self-driving cars. Wall Street was hoping for a blockbuster deal, such as the billions of dollars General Motors Co. landed for its self-driving unit from Honda and SoftBank Vision Fund ...

Bloomberg The German economy will have to lean on homegrown support to put the brakes on a slowdown after its worst performance in five years. Record-low unemployment, stronger wage gains and fiscal stimulus will underpin domestic demand after Europe’s growth engine stuttered in the second half of 2018, even though it avoided a recession. With export prospects deteriorating, those buffers ...

Abu Dhabi / WAM Masdar, the Abu Dhabi Future Energy Company, and Taaleri Energia, a Finnish wind and solar developer and fund manager, have announced the signing of an agreement for the establishment of a joint venture with the aim of developing renewable energy projects in Central and Eastern Europe. The joint venture aims to build upon the success of ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai honoured winners of the ‘Mohammed bin Rashid Government Excellence Award’ during a special ceremony that took place in Abu Dhabi on Wednesday. “We have 10 years of achievements. We want the UAE government to be the best ...

ABU DHABI / WAM The upcoming International Defence Conference (IDC 2019), is expected to draw the participation of over 1,200 global defence specialists in the nation’s capital, Abu Dhabi. The conference will take place from February 14-16, at the Emirates Palace. For the first time, the IDC will be combined with the Abu Dhabi International Offset Conference (ADIOC), with the ...