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Bloomberg Unilever agreed to acquire GlaxoSmithKline Plc’s Indian consumer business, including malted milk drink Horlicks, for 3.3 billion euros ($3.8 billion) to boost its footprint in one of the world’s fastest-growing major economies. It’s one of the Anglo-Dutch company’s largest acquisitions under departing Chief Executive Officer Paul Polman, who in January is handing over to personal-care head Alan Jope. It’s ...

Bloomberg The world’s most profitable graphite electrode maker expects China’s push for blue skies to fuel higher margins as it bolsters demand for the steelmaking ingredient. India’s HEG Ltd. expects revenue to more than double and the pretax margin to rise to as much 75 percent as demand remains strong because of environmental curbs in China, according to Chief Executive ...

Bloomberg Fresh off signing their trade deal with the US, the governments of Canada and Mexico are diverging on the continent’s other trade fight over metals tariffs — with Mexico setting hopes for a deal sooner than Canada. The three countries signed their new deal in Buenos Aires to replace the North American Free Trade Agreement (Nafta) despite US tariffs on ...

Bloomberg As Brexit nears, the Dutch authorities processing banking and markets licenses are starting to feel the heat. About 50 banks and other financial institutions are having or have had talks with the Dutch central bank about setting up shop in the Netherlands, according to Tobias Oudejans, a spokesman for the institution. Fewer than five companies have been granted licenses ...

Bloomberg California’s top energy regulator isn’t sure how to fix PG&E Corp. As protesters chanted “No bailout” at a public meeting, California Public Utilities Commission President Michael Picker said the company “lacks a clear vision for safety” and will face a sweeping review following the deadliest wildfire in state history. “Is there a different model to ensure that we have ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has stressed the importance of utilising digital tools in the design and implementation of government services. “We want the UAE Government to develop unique services using innovative tools and advanced technologies, that contribute towards providing the ...

Abu Dhabi / WAM A 500-strong team is collectively working to ensure effective brainstorming at generating innovative ideas for the fulfillment of the country’s vision adopted by President His Highness Sheikh Khalifa bin Zayed Al Nahyan; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mohamed ...

Abu Dhabi / WAM In a bid to enhance the UAE’s competitiveness globally and strengthen the efficiency and sustainability of the data required to enact the supporting strategies for the National Agenda and achieve the Sustainable Development Goals, the UAE Government launched ‘The Digital Competitiveness Platform’ and the ‘10X10 Challenge for Global Competitiveness’ The Competitiveness and Data Working Group, which ...

Abu Dhabi / WAM The Integrated Transport Centre (ITC) of the Department of Transport in Abu Dhabi has announced that its parking bays will be free of charge starting Sunday, December 2 and ending Tuesday, December 4 at 7:59 am, on the occasion of the UAE 47th National Day. ITC urged the public not to park their vehicles in prohibited ...

Bloomberg The flare-up between Russia and Ukraine off the coast of Crimea has stirred fears their conflict is set to reignite. Ukraine’s leader has warned dramatically of such a scenario. More likely, according to an analysis by Chatham House, is that the aggression is simply the latest gambit in President Vladimir Putin’s long game to chip away at his neighbour’s ...