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Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received on Sunday, Claudio Descalzi, CEO of Eni, Italy’s largest energy company, during which a long-term agreement in oil and gas exploration was signed. The agreement awards Eni three long-term concessions to explore and develop onshore oil and gas fields in ...

Bloomberg Lawmakers are set this week to reject the Brexit deal Theresa May agreed with the European Union, plunging Britain deeper into crisis with less than 11 weeks remaining before Britain is due to leave the bloc. Writing in the Sunday Express newspaper, the prime minster made a last-ditch appeal, warning that defeat for the government on Tuesday would amount ...

Bloomberg As Poland added to the global scrutiny of Huawei Technologies Co with the arrest of a company employee and a local former security agent, the country’s authorities also exposed the division in Europe over policy towards the Chinese technology giant. Huawei is facing increasing pressure across the European Union amid growing concerns that Beijing could use the company’s equipment ...

Bloomberg Toyota Motor Corp — in an unusual move for the cut-throat car business — has decided to share with rivals an automated safety system that uses self-driving technology to keep cars from crashing. The system, known as Guardian, will take control of a car and steer it around an impending crash or accelerate out of the path of an ...

Bloomberg A $4.7 billion jury verdict against Johnson & Johnson in July helped spark the company’s biggest annual share loss in a decade, spotlighting the potential cost of alleged health risks from its popular baby powder. But investors may have overreacted when a St. Louis jury sided with 22 women who claimed asbestos in the powder caused their ovarian cancer. ...

Bloomberg Ford Motor Co said it will cut thousands of jobs, weed out slow-selling variants and potentially close entire factories in Europe, as the carmakers’s global cost-cutting drive targets a region that has been a drag on earnings for years. The manufacturer, which employs some 54,000 workers across the region mainly in Germany, the UK and Spain, will also review ...

Bloomberg PG&E Corp, the California utility giant facing billions of dollars in wildfire liabilities, may notify employees as soon as Monday that it’s preparing a potential bankruptcy filing, according to people familiar with the situation. The San Francisco-based utility owner is planning to send the notice to fulfill a state law that requires the company to alert workers at least ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday received General Austin Scott Miller, Commander of Nato’s Resolute Support Mission and US Forces-Afghanistan. During the meeting, held in Al Shati Palace, they discussed cooperation and joint coordination between the two sides ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai visited the Dubai Future Foundation on Saturday and was briefed on the development of work at various projects undertaken by the foundation. Sheikh Mohammed toured Area 2071, which is designed as a collaborative innovation hub that brings ...

Abu Dhabi / WAM A relentless focus on operational efficiency, while balancing market conditions with long-term future growth, requires a careful, calibrated and agile response from the oil and gas industry, according to Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc). Speaking at the third Atlantic Council Global ...