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Bloomberg President Donald Trump said he expects to meet soon with Russian President Vladimir Putin, after calling to congratulate him on his re-election. “We had a very good call,” Trump said, adding that he expects to meet Putin “in the not too distant future to discuss the arms race, which is getting out of control.” Trump’s call with Putin came ...

Dubai / WAM Abu Dhabi Ports and the Russian Trade and Economic Development Council (RTEDC), signed a Memorandum of Understanding (MoU) to strengthen trade links between the UAE and Russia and further stimulate economic cooperation between companies from both countries. The MoU will increase awareness amongst Russian companies about investing in Khalifa Industrial Zone Abu Dhabi (KIZAD), and Khalifa Port ...

Dubai / Emirates Business This year’s Dubai International Boat Show ended on a high, with a rush of local, regional and international visitors attending the region’s leading marine event held at its temporary home at Dubai Canal. The 26th edition of the Dubai International Boat Show welcomed some of the industry’s biggest companies and brands. A wide range of boats, ...

Bloomberg Billionaire Li Shufu’s Geely Automobile Holdings Ltd. expects the tycoon’s overseas bets from Daimler to Lotus and Volvo to help fuel growth as the Chinese carmaker targets new markets. While Geely is boosting sales and profit in China on demand for its sport-utility vehicles, the company said it’s preparing for intensifying competition from both local and foreign brands. That’s ...

Bloomberg Tech startups are typically founded by young entrepreneurs with more passion than experience. This is as true in India as it is in Silicon Valley. Then there’s Bigbasket, whose founders are veterans of the dotcom bust and mostly north of 50. Drawing on their successes and failures, they’ve turned their six-year-old startup into India’s biggest e-grocer and are taking ...

Bloomberg Large digital companies operating in the European Union, such as Alphabet Inc. and Twitter Inc., could face a 3 percent tax on their gross revenue based on users’ locations, according to a plan by the European Commission. The proposal by the EU’s executive arm outlines how a targeted levy on sales would increase the tax bill technology companies face, ...

Bloomberg The UK’s transitional agreement to smooth its departure from the European Union is too late to stop some of Brexit’s fallout. Nearly one in seven EU companies with UK suppliers have moved some of their business out of Britain, according to the Chartered Institute of Procurement & Supply. Almost a third of UK businesses with suppliers from the bloc ...

Bloomberg Deere & Co., the world’s largest maker of agricultural equipment, is concerned that rising trade tensions between the US and other countries could affect sales of its signature green-and-yellow tractors and combines. While US tariffs on imports of steel and aluminum will have a financial impact on the company, Deere is “much more worried” about possible trade retaliation targeting ...

Dubai / Emirates Business In line with the Dubai Blockchain Strategy, announced by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, which mandates that Dubai becomes the world’s first-ever government to execute all applicable transactions using blockchain technology by 2020, the first official Dubai government-hosted event, the inaugural ...

Dubai / WAM Ireland will promote its focus on innovation to a global audience of millions after confirming its participation at the UAE’s celebration of ingenuity, Expo 2020 Dubai. The country’s participation was confirmed in a letter from Ireland’s Prime Minister, Leo Varadkar, which was delivered by Paul Kavanagh, Ambassador of Ireland to the UAE, to HH Sheikh Ahmed bin ...