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US ready for talks if N Korea halts further nuclear tests

Bloomberg The US would be ready to talk with North Korea if it renounced further nuclear or missile tests and followed through on the pledge, US Ambassador to China Terry Branstad said. “If they announce that they’re not going to be doing any more nuclear tests and they’re not going to be launching any more missiles,” Branstad told Bloomberg Television ...

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WeWork takes on ‘UK property’ despite Brexit

Bloomberg A seven-year-old US startup is set to become the biggest private tenant in London just as the UK’s economic outlook worsens. Three years after entering the British capital, WeWork Cos. has signed leases that will make it the city’s No 1 private-sector user of office space, according to data compiled by CoStar Group Inc. for Bloomberg. The rapid growth ...

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UK takes steps to improve productivity

Bloomberg Britain announced plans to generate savings of as much as 15 billion pounds ($20 billion) a year by improving productivity in sectors such as construction and transport. New programmes to increase efficiency were published alongside the government’s 600 billion-pound infrastructure pipeline, which sets out a series of publicly and privately funded projects over the next 10 years, the Treasury ...

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China blow to recycling boosts $185 billion US plastic bet

Bloomberg China is upending the global plastics market. The world’s biggest user of scrap has stopped accepting shiploads of other countries’ plastic trash as it phases in a new ban. That’s bad news for the recycling industry, as China has been a major consumer of salvaged materials it processes into resin that ends up in pipe, carpets, bottles and other ...

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Alibaba’s Jack Ma argues China benefits from one-party stability

Bloomberg Alibaba Group Holding Ltd.’s Jack Ma said China benefits from the stability of its single-party system, contrasting that with the unpredictability of US politics. The Chinese billionaire made the comments in response to a question about the country’s economy and its prospects for growth. He said he has confidence in China’s potential and cited as his number one reason ...

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Unilever sees spurning of global brands spread beyond Asian market

Bloomberg The tide is turning against multinational brands, which have been losing market share to local products not just in Asia’s emerging markets but also in the US and Europe, according to Anglo-Dutch consumer goods giant Unilever NV. “Consumers are changing, not craving for global brands just for the sake of it,” said Hemant Bakshi, president director of Unilever Indonesia, ...

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Mohamed receives falconers

Al AIN / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Tuesday a number of falconers participating in the 4th International Festival of Falconry which began in Abu Dhabi on Monday. Sheikh Mohamed welcomed the falconers and discussed with them their activities during ...

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Developing the sciences are a top priority for the UAE

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai,said that developing the sciences are a top priority for the UAE, given its importance to achieve the government’s strategic objectives by assisting and advising government bodies in their various development projects. “The prosperity of any society lies in investing ...

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Sheikh Hamdan leads volunteers in clean up drive

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has called on UAE residents to adopt activities and programmes that preserve environmental resources, with the aim of guaranteeing that they can both sufficiently support the country’s needs, and adequately offer future generations a high quality of ...

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DP World chairman, Ecuador’s trade minister discuss ties

DUBAI / WAM DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, met Ecuador’s Minister of Foreign Trade, Pablo Campana, at the global trade enabler’s flagship Jebel Ali Port and Free Zone in Dubai. The visit follows the ground-breaking ceremony held in September this year to mark the start of DP World’s construction of a greenfield multi-purpose port project ...

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