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EU dismisses Trump’s car threats, vows to ‘stand up to bullies’

Bloomberg The European Union’s trade chief dismissed US President Donald Trump’s threat to impose tariffs on car imports, and vowed to “stand up to bullies,” adding to signs that a widening trans-Atlantic rift over protectionism could escalate into an all-out trade war. “In some places, trade has been blamed for the pains of globalization, others use it as a scapegoat ...

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Finland’s Stora becomes key supplier to Apple

Bloomberg A former prime minister of Finland once blamed Apple Inc. for torpedoing two of his country’s biggest industries—mobile phones and paper mills. Now Stora Enso Oyj, one of Europe’s largest paper and packaging makers, has become a key supplier to the iPhone maker, according to documents published. The tie-up wasn’t always on the cards. In 2014, then prime minister ...

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BMW mulls offering motorcycle ride-sharing

Bloomberg BMW AG would like to start offering up the back seat on motorbikes and scooters to get around congested cities—if the issue of helmets can be solved. “This is definitely an option, but we haven’t found the solution for the second helmet yet,” Peter Schwarzenbauer, who heads BMW’s Mini, Rolls-Royce and motorcycle brands, said at the Geneva International Motor ...

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May faces calls to crack down against Russia after spy attack

Bloomberg UK Prime Minister Theresa May faces calls to crack down on Russian influence in Britain amid reports that investigators have linked Vladimir Putin’s regime to last week’s poisoning of a former spy in a city southwest of London. The Times and Telegraph newspapers reported that May could blame Russia publicly for the attempted nerve-gas murder of Sergei Skripal and ...

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Mohamed stresses on importance of private sector in development drive

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday inspected the status of a number of infrastructure developmental initiatives in the capital during a visit to the Abu Dhabi City Municipality premises. The projects inspected by HH Sheikh Mohamed included the ...

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UAE committed to clean energy: Hamed

New Delhi / WAM His Highness Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, has reaffirmed the commitment of the UAE to continue working with its international partners to launch ambitious initiatives and programmes to produce energy from clean and sustainable sources. In his speech at the inaugural conference of the International Solar Alliance ...

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Expo 2020 Dubai places spotlight on innovation

DUBAI / WAM Expo 2020 Dubai Bureau has reaffirmed its commitment to inspiring collaboration and driving innovation globally through a series of initiatives and events held during the first-ever UAE Innovation Month. Throughout February, the bureau organised and participated in more than 20 events, in collaboration with Premier Partners and other entities across the UAE, engaging key stakeholders from government, ...

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India to display rail projects worth $140bn at Middle East Rail

Dubai / WAM Indian Railways, India’s national railway system operated by the Ministry of Railways, has announced its participation at Middle East Rail 2018, to talk about $140 billion worth of current and future rail projects that the government is building to upgrade the country’s urban transportation network. Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy ...

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Asia policy makers rethink inflation amid epic online shopping boom

Bloomberg Inflation is getting a fresh look in Asia. Nowhere is the global e-commerce wave having more of an impact right now than in Asia, where the region’s burgeoning middle class is embracing clicks over mortar and companies are scrambling to meet their demand via new ventures or acquisitions. In the process, old methods of measuring prices based on the ...

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Uber places bet on India in deal with cricket star

Bloomberg Uber Technologies Inc has named India’s cricket captain—one of the world’s most expensive sports celebrities— as brand ambassador, signaling that while it may be ceding ground in Southeast Asia, it’s still trying to grow in the subcontinent. Virat Kohli would be its first brand ambassador in India in a “one of its kind initiative across the Asia Pacific region”, ...

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