Masonry Layout

BERLIN / Reuters Volkswagen will give labour leaders a management board seat as part of a broad agreement to win approval for Herbert Diess as the German carmaker’s new chief executive, sources said on Wednesday. Europe’s largest automotive group is poised to replace group chief executive Matthias Mueller this week with Diess, a cost-cutter hired in 2015 from BMW as ...

Cairo / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and President of Egypt Abdel Fattah el-Sisi, discussed the fraternal relations between the two countries and ways to enhance them as well as the overall regional and international issues of mutual interest. This came when ...

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 and President Giorgi Margvelashvili of Georgia, on Tuesday held official talks on bilateral ties and global developments. The two sides discussed relations of cooperation and friendship between the UAE and Georgia, and the means ...

Abu Dhabi / WAM “For the first time in our history, on behalf of the Supreme Petroleum Council, Adnoc will make available six new, large onshore and offshore blocks for competitive bid within the Emirate of Abu Dhabi,” Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of Abu Dhabi National Oil Company (Adnoc), said. Dr Al ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (ENEC), said on Tuesday that it has successfully completed the Reactor Containment Building (RCB), dome for Unit 4, the final unit of the Barakah Nuclear Energy Plant, marking another milestone in the development of the plant, located in the Al Dhafrah region of Abu Dhabi. ENEC also said that the Unit’s ...

Bloomberg China’s massive build programme to recreate trade routes stretching from Asia to Africa and Europe is gaining momentum. Since President Xi Jinping’s flagship Belt and Road project was announced about five years ago, it gave impetus to billions of dollars of Chinese investment — some of which were already in the pipeline for several years — to build railways, ...

Bloomberg Chinese President Xi Jinping reiterated pledges to open sectors from banking to auto manufacturing in a speech that also warned against returning to a “Cold War mentality” amid trade disputes with US counterpart Donald Trump. Xi pledged a “new phase of opening up” in his keynote address on Tuesday to the Boao Forum for Asia, China’s answer to Davos. ...

Bloomberg With the federal budget deficit expanding and congressional elections seven months away, the Trump administration plans to ask Congress for cuts in domestic programs that were part of a bipartisan $1.3 trillion spending bill that President Donald Trump signed last month. The White House doesn’t want to touch extra funding for the military, border security and combating the opioids ...

LONDON / Reuters SAP is revising how it prices its core business planning software after a legal crackdown against high-profile customers Diageo and AB InBev caused a backlash with its wider customer base, who feared they might be hit by hidden, indirect charges. The German company said on Tuesday it will offer a new model for sales, licence audits and ...

Bloomberg Telecom Italia SpA’s board said it will take every legal action necessary to block activist investor Elliott Management Corp. from pushing ahead with its own slate of directors at the company’s next shareholder meeting. Elliott, Telecom Italia’s second-biggest shareholder after Vivendi SA, wants to replace six Vivendi-backed directors at Italy’s former phone monopoly with its own candidates at the ...