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UAE, Albania discuss bilateral ties, means to enhance cooperation

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Ditmir Bushati, Minister of Foreign Affairs of Albania. During the meeting, the two sides discussed UAE-Albania ties and means to enhance bilateral cooperation between the two friendly countries. Sheikh Abdullah and Bushati also exchanged views on regional and international developments ...

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Abu Dhabi hosts Interfaith Alliance Forum on Monday

ABU DHABI / WAM The Interfaith Alliance for Safer Communities Forum will kick-off on Monday in the nation’s capital, Abu Dhabi. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the UAE will host the first edition of the forum in recognition ...

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UAE-Oman’s deep-rooted historic ties getting strong

Abu Dhabi / WAM The UAE will share with the Sultanate of Oman the celebration of its glorious National Day on Sunday in a gesture that strengthens the deeply-rooted historic bonds of fraternity, compassion and common destiny under the able leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and His Majesty Sultan Qaboos bin Said of Oman. ...

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Flipkart billionaire’s exit puts corporate India on notice

Bloomberg The surprise resignation of an Indian tech billionaire has pulled corporate India deeper into the #MeToo firestorm that’s been sweeping through the American business community for more than a year. Walmart Inc. announced that Flipkart co-founder Binny Bansal was leaving the company after an independent probe into allegations of assault. While Bansal denies any wrongdoing and the investigators didn’t ...

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China’s fight against smog makes palladium 2018’s best metal

Bloomberg Palladium prices are shattering record highs, and investors are betting that tight supplies mean the bull run is just getting started. The metal, used in pollution-control devices in cars, has jumped almost 9 percent this year in New York, the best performance among major metals. Demand is roaring thanks to China, which is on a mission to reduce smog ...

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Pence-Xi showdown at Apec shows US-China divide widens

Bloomberg US Vice President Mike Pence traded sharp barbs with Chinese leader Xi Jinping in back-to-back speeches at a regional summit, showing that neither country appears to be giving ground in an escalating trade war. Xi received applause on Saturday when he told the Asia-Pacific Economic Cooperation (Apec) summit in Papua New Guinea that implementing tariffs and breaking up supply ...

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Uber revenue slows as Q3 loss hits $1.1bn

Bloomberg Uber’s sales are dramatically slowing even as the ride-hailing company is spending more to fuel global growth, particularly in its food delivery business. Revenue growth of 38 percent in the third quarter was almost half of what the growth rate was six months earlier, when the company was negotiating a $9.3 billion investment led by SoftBank Group Corp. That’s ...

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After GE, investors are watching these debt-laden companies

Bloomberg The good times are coming to an end in the corporate debt market, and the turmoil in General Electric Co (GE) credit is a sign that things can get much worse. That’s what a growing chorus of money managers are saying. About half of the $5 trillion market for investment-grade bonds now resides in the lowest tier of ratings. Many ...

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May takes control of Brexit as ministers defy her plans

Bloomberg Theresa May rolled the dice with a dramatic reshuffle of her ministerial team as she battles to cling onto her job and stop her own party tearing up her Brexit deal. The prime minister reduced the power of her critics and promoted allies to key positions as she took personal charge of the final days of the UK’s divorce ...

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UAE invests its oil, gas resources in the best interest of country

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 Wednesday visited the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) at the Abu Dhabi National Exhibition Centre (Adnec) and which concludes on November 15. His Highness Sheikh Mohamed bin Zayed, accompanied by ...

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