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Bloomberg Fiat Chrysler Automobiles NV filed a US trade complaint seeking to prevent Indian automaker Mahindra & Mahindra Ltd. from importing an off-road vehicle that looks similar to its iconic Jeep. The Fiat Chrysler group filed the complaint on August 1 at the US International Trade Commission, claiming that the Mahindra Roxor infringes key characteristics of Jeep’s signature trade dress ...

Bloomberg Oil fell to the lowest in more than a week amid a surprise jump in US crude inventories and an escalating trade dispute between the US and China. Futures in New York fell as much as 1.4 percent. The American Petroleum Institute was said to report US stockpiles rose 5.59 million barrels last week. Meanwhile, the US will propose ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry recently participated in a seminar held in Minsk, Belarus, where representatives from the chamber’s Azerbaijan office highlighted the business potential that Dubai can offer Belarusian food exporters. The seminar, organised by the Belarus Chamber of Commerce and Industry, aimed to familiarise participants with guidelines governing halal food products that are ...

Dubai / Emirates Business Dubai welcomed a record 8.10 million international overnight tourists during the first six months of 2018, representing a consistent increase on the same period last year. Figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) have confirmed the continued success of the emirate’s tourism sector, which at the end of 2017 was worth ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (Adnec) will host the International Council of Nurses’ first Regional Conference at its Abu Dhabi National Exhibition Centre from September 25th to 27th 2018. This important Conference will be co-hosted with the Emirates Nursing Association (ENA) and in collaboration with the SEHA International Nursing, Midwifery and Allied Health conference. This ...

Bloomberg North Korea’s return of about 55 American war dead marks a hopeful milestone in their almost seven-decade journey home. But it could be years before they’re reunited with their families, and some families blame the US government agency charged with identifying them. The remains, which US Vice President Mike Pence was expected to formally accept on Wednesday in a ...

Bloomberg Tesla Inc. plans to invest $5 billion building a factory in China as the trade war with the US makes establishing production in the world’s fastest-growing auto market more imperative for the electric-car pioneer, a person familiar with the matter said. The company is considering raising funds in China to finance at least a portion of the investment for ...

Bloomberg Huawei Technologies Co. pulled ahead of Apple Inc. to claim the No. 2 position in global smartphone shipments in the second quarter just behind Samsung Electronics Co., solidifying the rise of Chinese competitors. Huawei shipped 54.2 million phones in the quarter, 41 percent more than a year earlier, to jump ahead of the iPhone maker for the first time, ...

Bloomberg Apple Inc. shares jumped 3.5 percent in pre-market trading after the company projected sales that suggest consumers are still snapping up the company’s high-end iPhones even as updated models are on the horizon. The Cupertino, California-based technology giant said it expects fiscal fourth-quarter revenue between $60 billion and $62 billion. Analysts were looking for $59.4 billion, according to Bloomberg ...

Bloomberg The White House isn’t actively considering the Treasury Department’s push to issue a rule that would slash tax bills for investors who have investment income, according to a person familiar with the discussions. Treasury Secretary Steven Mnuchin told the New York Times earlier this month that his agency was looking at whether it could sidestep Congress to allow capital ...