Masonry Layout

Bloomberg Starbucks Corp. will be joining forces with Alibaba Group Holding Ltd. to begin delivering its drinks and baked goods in China, according to people with knowledge of the plans, rolling out an effort to stave off competitors and turn around sales in the country. Ele.me, the meals delivery service owned by Alibaba, will handle the logistics in a deal ...

Dubai / WAM The Dubai International Financial Centre (DIFC) Courts have partnered with Smart Dubai to create the world’s first Court of the Blockchain. Building on existing dispute resolution services, the alliance will initially explore how to aid verification of court judgments for cross-border enforcement. The partnership is the first step in creating a blockchain-powered future for the judiciary which ...

ABU DHABI / WAM The General Authority for Regulating the Telecommunications Sector (TRA), organised a staff security awareness lecture entitled, “We Are All Partners in Our Nation’s Security,” to strengthen the strategic partnership and create security and national awareness among segments of society. The lecture, held in cooperation with Al Ameen Service, detailed the importance of involving citizens and residents ...

Dubai / WAM Expo 2020 Dubai signed an agreement with the China-Arab International Cooperation Committee (CAICC), to promote the global destination in the most populous country. Based in Shanghai, the CAICC is a government-backed, non-profit organisation that supports China’s “One Belt, One Road” initiative by stimulating and facilitating business cooperation and cultural communication between China and Arab nations. Under the ...

Abu Dhabi / WAM The UAE Space Agency (UAESA), concluded in Abu Dhabi the first national workshop on measuring the space economy. The Agency organised the workshop in collaboration with the Federal Competitiveness and Statistics Authority (FCSA), and the Organisation for Economic Cooperation and Development (OECD). It was attended by Ministry of Economy, local statistics centres and local economic authorities. ...

Bloomberg Zimbabweans streamed to polling stations to vote in the first election since the end of Robert Mugabe’s fractious 37-year-rule. A credible vote would help provide the southern African nation with a foundation to begin rebuilding its battered international reputation and an economy largely laid to ruin during the latter half of Mugabe’s reign. While the campaign has been mostly ...

Bloomberg BMW AG and Daimler AG are facing more pain in China after higher tariffs on US-imported cars force price hikes and consumers hold back on their next purchase. BMW, which like Daimler AG ships US-made sport utility vehicles to China, said it will join Tesla Inc. in raising prices in the Asian country. The steeper charges are a result ...

Bloomberg Indian companies have been involved in deals worth a record $97.6 billion this year. Top banker JPMorgan Chase & Co. is predicting more offshore interest in the nation, particularly in technology, media and telecom. Walmart Inc.’s $16 billion acquisition of a majority stake in Indian e-commerce company Flipkart Online Services Pvt. Ltd. — a deal JPMorgan advised — has ...

Bloomberg Greece is planning a return to the markets in a bid to regain its status as a “normal” country. If the government can announce by the end of the year its program for tapping the markets in 2019, and repeat this exercise each year for the following 12 months, the plan will have worked, an official familiar with the ...

Bloomberg Siemens AG is leaning towards building a 600 million euro flagship innovation center outside Germany, rather than in its historic stomping ground of Berlin, according to a person familiar with the matter. The engineering giant confirmed a report that it’s planning a complex called Siemens City, but a spokesman said the company hasn’t yet chosen a location. German news ...