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Sky backs BT’s faster broadband in boost to former monopoly

Bloomberg Sky Plc is backing a push by BT Group Plc to move more Britons onto faster internet services, in a boost to the former monopoly. Sky, which resells internet services from BT’s network unit Openreach, has a new agreement to encourage more of its UK customers to take up higher-speed fiber-based connections after Openreach introduced discounts for wholesale customers ...

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Aston Martin names chairman ahead of London listing

Bloomberg Aston Martin, maker of luxury sports cars for James Bond, is moving ahead with a plan to list shares in London, naming Penny Hughes as chairman to end all-male board representation. The manufacturer will trade on the London Stock Exchange in October, with a free float of at least 25 percent of the issued share capital and Daimler AG ...

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Palestinians condemn Trump decision to close US mission

Bloomberg Palestinian leaders confirmed they’d been informed by the Trump administration that it plans to shut the Palestinian mission in Washington, condemning the move as proof the US is disbanding international efforts towards a peace deal with Israel. The announcement of the closure, earlier reported by the Wall Street Journal citing unidentified White House officials, was expected to be made ...

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Ajman Ruler receives Saudi businessmen, investors

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, on Sunday received, in his office at the Ruler’s Court, a Saudi delegation of businessmen and investors led by Dr. Abdulrahman Abdullah Abdulaziz Al Moshaiqeh, Chairman of the Industrial Methods Group of Al Qussaim and Member of the Shura Council. Sheikh Humaid ...

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Dubai FDI in second investment promotion mission in US cities

Dubai / WAM Dubai FDI, the investment development agency of Dubai Economy (DED), is going on to second investment promotion mission to the United States this month in a bid to further strengthen its bilateral relations with one of the world’s leading economic powers. The high-level mission will visit the cities of Indianapolis and Detroit. The main objective of the ...

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Abu Dhabi symposium urges UNHRC to correct biased UN report on Yemen

Abu Dhabi / WAM An elite list of international human rights activists, representatives of civil society forces, non-governmental organisations, and experts on international humanitarian law and international law gathered in Abu Dhabi on Sunday for an international symposium to present an analytical, objective and critical reading to the United Nations report released last week by the Group of International and ...

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Abu Dhabi issues new laws for economic licenses

ABU DHABI / WAM The Department of Economic Development – Abu Dhabi (DED), has issued two decisions to facilitate economic activities in Abu Dhabi as part of the initiatives and incentives provided to the private sector companies and entreprises operating in the Emirate. These decisions will help improve the Emirate’s ranking in the Doing Business and Global Competitiveness Reports. The ...

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N Korea tones down military parade, avoiding Trump’s ire

Bloomberg Kim Jong-un presided over a tempered military parade on Sunday, in the latest sign that he wants to revive stalled nuclear talks with the US as he pushes for North Korea to rejoin the international community. Kim marked the 70th anniversary of his grandfather’s regime without showing off provocative hardware such as long-range ballistic missiles that would likely have ...

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China trade outlook darkens as US threatens total tariffs

Bloomberg China’s chances of escaping the trade conflict with the US with only minor damage to its economy just got slimmer. On September 7, US President Donald Trump doubled down on his threats to impose higher tariffs on the nation’s goods, saying he’s ready to tax all imports “at short notice”. While economists see the immediate impact of trade tension ...

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Chinese aluminum gushes onto world markets on ‘supply’

Bloomberg China sustained a surge in aluminum shipments to world markets in August as buyers sought supplies from the largest producer to replace metal from United Co. Rusal, which has been hit by US sanctions. Exports of unwrought aluminum and products reached 517,000 metric tons, almost the same as the 520,000 tons in July, which was the highest total in ...

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