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Bloomberg Tesla Inc is revamping its organisation in Asia to put more focus on China as the company prepares to start manufacturing in the world’s largest electric-car market, people familiar with the matter said. The company is dismantling its Asia Pacific business unit and forming a new division for Greater China that will cover the mainland as well as Hong ...

Bloomberg Both China’s Xi Jinping and North Korea’s Kim Jong-un have suffered from President Donald Trump’s penchant for walking away from talks. Now, he’ll have to worry about what they tell each other behind closed doors. Xi’s state visit to Pyongyang on Thursday — the first such visit by a Chinese president in 14 years — will showcase a renewed ...

Bloomberg Prime Minister Justin Trud-eau’s government decided to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s cabinet approved the expansion of Trans Mountain, a state-owned pipeline that runs from Alberta to Vancouver. The project will add 590,000 barrels of daily shipping capacity, ...

Bloomberg Adobe Inc. reported quarterly revenue that topped Wall Street estimates, signalling the Photoshop maker’s expanding prod-uct suite is continuing to fuel growth. Sales increased 25 percent to $2.74 billion in the fiscal second quarter from a year earlier, the San Jose, California-based company said in a statement. Analysts, on average, projected $2.7 billion. For more than a decade, Chief ...

Bloomberg New York’s Senate has passed the state’s own version of the Green New Deal — a climate bill that will set the most aggressive clean energy target in the country, more than triple the state’s solar capacity and unleash wind power off the coast. The legislation, which was approved 41-21 and is expected to clear the Democratic-led Assembly, would ...

Abu Dhabi / WAM Pakistani workers coming to work in the UAE will sign an ‘Employment Job Offer’ before the departure from their home country, according to a Memorandum of Understanding (MoU), reached between Pakistan and the UAE. According to the agreement, an Employment Job Offer will be signed by both parties prior to the individual’s departure from Pakistan, to ...

TAIZ / WAM The UAE has borne the costs of conducting more than 600 major and minor surgeries at the Al Mawasit Rural Hospital during the months of March, April and May, as well as providing other free health services provided to all citizens. A report issued by the hospital and the health office in Al Mawasit district in June ...

Dubai / WAM Establishing effective ways to boost the UAE’s level of food security was the objective of two recent visits to Europe by Mariam Hareb Almheiri, Minister of State for Food Security. The twin trips saw the minister travel to Germany and Ireland – countries ranked among the highest in the global food security rankings – to discuss collaboration ...

Dubai / WAM DMCC, a Free Zone for commodities trade and enterprise, on Tuesday announced its support for the GPC Convention 2020, the global pulse industry’s premier event, to be held at the Grand Hyatt Dubai in April next year. Nearly one thousand academics, government bodies, farming organisations, food and agricultural experts, traders and pulses industry experts from more than ...

Bloomberg Giant Manufacturing Co saw the writing on the wall early on. The world’s biggest bicycle maker started moving production of US-bound orders out of its China facilities to its home base in Taiwan as soon as it heard Donald Trump threaten tariff action in September. “When Trump announced the plan of 25 percent tariffs, we took it seriously,” Chairwoman ...