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Bloomberg From the big screen to the snack aisle, American companies plan to hike prices as their input costs creep higher. It’s a sign that businesses have faith consumers will keep shopping even as products become more expensive. And that belief in pricing power, showcased on earnings calls and presentations during the week of August 6-10, could signal a turning ...

Bloomberg Three months after sweeping to power in Armenia’s peaceful “velvet revolution,” Prime Minister Nikol Pashinyan is waging an unprecedented campaign against corruption that’s unnerved Russia and got political opponents crying foul. Arrests have reached people previously considered untouchable in Armenia including ex-President Robert Kocharyan, who’s accused of subverting constitutional order during deadly clashes a decade ago, and relatives of ...

ABU DHABI / WAM The Federal Tax Authority (FTA) announced a new campaign as part of its efforts to communicate directly and consistently with businesses. The “Tax Clinic” seeks to increase the number of registered taxable businesses and promote compliance with the timely submission of tax returns and payment of due taxes. The campaign kicks off on August 12, in ...

ABU DHABI / WAM Preparations for the largest editions of the International Defence Exhibition (IDEX 2019), the Naval Defence Exhibition (NAVDEX 2019) and the International Defence Conference are underway, as the Higher Organising Committee met to review arrangements in the run-up to these much-awaited events in Abu Dhabi. Organised by the Abu Dhabi National Exhibitions Company (ADNEC) in collaboration with ...

ABU DHABI / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO, met on Wednesday, with Hiroshige Seko, Japan’s Minister of Economy, Trade and Industry, as part of a series of meetings, with government officials, business partners and customers, aimed at building on Adnoc’s long-standing energy relationship with Japan’s energy sector. During the meeting, ...

Abu Dhabi / WAM The Abu Dhabi based Borouge and the Ministry of Climate Change and Environment (MOCCAE) sealed an MOU to enhance plastics innovation and increase their efforts to protect the UAE climate and environment. In the presence of Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, as well as Abdulaziz Alhajri, Chairman of Borouge and ...

Bloomberg The US midterm elections are at increasing risk of interference by foreign adversaries led by Russia, and cybersecurity experts warn the Trump administration isn’t adequately defending against the meddling. At stake is control of the US Congress. The risks range from social media campaigns intended to fool American voters to sophisticated computer hacking that could change the tabulation of ...

Bloomberg In a milestone that’s been more than a decade in the making, India’s first Ikea store will open on Thursday, bringing inexpensive Nordic-inspired furnishings and food to the world’s fastest-growing middle class. Ikea expects to welcome as many as 6 million visitors a year to its 13-acre complex in Hitec City, on the outskirts of Hyderabad, India’s fourth-biggest city. ...

Bloomberg Samsung, South Korea’s biggest conglomerate, plans to invest $161 billion to ramp up its ability to produce memory chips and other products vital to future growth, lending its support to President Moon Jae-in’s efforts to shore up a slowing economy. The spending will boost research and expenditure in artificial intelligence, fifth-generation wireless networks, bio-pharmaceuticals, displays, semiconductors and other key ...

Bloomberg As Nafta negotiators from the US and Mexico meet for a third straight week in a push to complete a deal on cars, they’re also preparing for a showdown over a clause sought by the Trump administration that could end the agreement altogether. The nations are nearing an accord on content and salaries for auto manufacturing, and the issue ...