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Bloomberg Consumers may do as much as regulators to propel the car sector into the electricity-powered age foreseen by Tesla Inc., according to the European Union’s industrial-policy chief. European Commissioner Elzbieta Bienkowska said the EU has had a “breakthrough moment” since Germany-based Volkswagen AG admitted in 2015 that it fitted diesel engines with software to cheat US checks on smog-causing ...

Bloomberg US President Donald Trump said his administration is holding direct talks with North Korea to salvage a summit with Kim Jong Un initially planned for Singapore next month. Trump told reporters that meetings were taking place “as we speak” in an unidentified location to push ahead with the summit, which he abruptly cancelled last week due to “open hostility” ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) has stepped up its Ramadan initiatives in the Year of Zayed, with the aim to assist 11 million persons within the UAE, along with individuals across 79 countries across the world, with a total value of aid reaching AED155,448,000. The ERC is able to continue its aid initiatives during the Holy ...

ADEN / WAM The Emirates Red Crescent (ERC), distributed urgent relief to the poorest areas of Rudum District in Shabwa Governorate, including 550 food baskets. The assistance is in response to an urgent call by the underprivileged in Shabwa to alleviate their suffering, in carrying out the directives of the wise leadership of President His Highness Sheikh Khalifa bin Zayed ...

Abu Dhabi / WAM Nawah Energy Company (Nawah), the operator of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi, has entered the next phase of preparation for nuclear operations. With construction of Unit 1 recently completed by the Emirates Nuclear Energy Corporation (ENEC) and Joint Venture partner, the Korea Electric Power Corporation (KEPCO), Nawah has ...

Dubai / WAM Dubai Multi Commodities Centre (DMCC) and Emirates Post Group (EPG) have announced the signing of a Memorandum of Understanding (MoU). The agreement sees the provision of dedicated Emirates Post Business Boxes, and a range of exclusive postal services to DMCC’s 15,000 plus member companies, and its Jumeirah Lakes Towers (JLT), community of over 100,000 people. Ahmed bin Sulayem, ...

Bloomberg President Donald Trump said the US would allow Chinese telecommunications-equipment maker ZTE Corp. to remain in business after paying a $1.3 billion fine, changing its management and board and providing “high-level security guarantees.” In a tweet on May 27, Trump confirmed a deal that his administration had outlined for members of Congress, according to two people familiar with the ...

Bloomberg Taiwan’s export-dependent economy decelerated after hitting its stride at the end of last year, when it posted the fastest growth in almost three years. The expansion slowed to 3.02 percent in the first quarter, according to revised data by the statistics bureau in Taipei, in line with a preliminary reading of 3.04 percent and the 3 percent estimate in ...

Bloomberg Nobody asked for it, few seem to want it and yet the Trump administration is considering imposing tariffs on imported cars and trucks, threatening not just a shake-up of the global auto industry but political discord even among the president’s allies. President Donald Trump’s order to investigate auto imports for potential trade penalties on national security grounds came as ...

Bloomberg General Electric Co.’s long-suffering investors are losing what little patience they had left. The shares plunged the most since 2009 as Chief Executive Officer John Flannery’s high-profile appeal to Wall Street indicated there is no “quick fix” to the problems bedeviling the company, from weak cash flow to slow demand for gas turbines. Worse still, he offered scant reassurance ...