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Bloomberg The US Justice Department has offered to settle its emissions-cheating lawsuit against Fiat Chrysler Automobiles NV if the automaker recalls 104,000 vehicles and pays a substantial but unspecified civil penalty. The proposed framework of an offer was extended to the Italian-American car company and included steps it would have to take to mitigate its past pollution and make internal ...

Bloomberg Some of Ukraine’s biggest corn growers are reluctant to expand production even though prices have recovered to an 18-month high. Part of the problem is that export prices for the crop are still just half of a 2011 peak and shippers are facing fierce competition from Brazil. Ukrainian farmers have had a tough time with corn after unfavourable weather ...

Bloomberg UK Prime Minister Theresa May and her Chinese counterpart Li Keqiang set thorny political issues aside and offered a bullish vision of the two countries’ blossoming trade relationship after Brexit. The two leaders put their countries on the path towards negotiating a future free-trade agreement, setting up a high-level panel to review and expand commercial ties. A British official ...

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, received at the Sea Palace a delegation from the UAE’s Federal Transport Authority – Land and Maritime, on the occasion of the UAE becoming the first Arab country to win Category B membership into ...

Madrid / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Spanish Foreign Minister, Alfonso Dastis, and discussed with him enhancing cooperation between the two countries and means of developing relations in various fields. During the meeting, part of Sheikh Abdullah’s official visit to Spain, they exchanged views on a number of ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, visited ‘Arab Health Exhibition and Congress’ hosted by the Dubai World Trade Centre (DWTC) until Thursday. Accompanied by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, ...

Dubai / Emirates Business Emirates, the world’s best airline according to TripAdvisor 2017, on Wednesday announced its plan to launch a new, five times a week, service from Dubai to Santiago International Airport (SCL), via the Brazilian city of Sao Paulo, starting on July 5. The new service will see Emirates fly an additional five times a week to Sao ...

Bloomberg UK Prime Minister Theresa May arrived in China seeking to balance her desire to build a powerful post-Brexit trade relationship with a clutch of political concerns. At the start of a three-day trade mission to the country, May said she would raise the sensitive topics of China’s human rights record and Hong Kong democracy in talks with President Xi ...

Bloomberg Samsung Electronics Co. is on a roll. The maker of smartphones, screens and consumer electronics reported record quarterly profit and disclosed numbers showing that it’s chip business pulls in more revenue than Intel Corp. The Suwon, South Korea-based company took the opportunity to unveil a 50-to-1 stock split, which sent its shares surging. The earnings report for the last ...

Bloomberg Malvinder Singh and Shivinder Singh must pay Daiichi Sankyo Co. $550 million awarded in an arbitration over the sale of a drugmaker controlled by the brothers, an Indian court ruled. The verdict was pronounced by a single-judge bench of Justice Jayant Nath of the Delhi High Court. He rejected all objections raised by the Singh brothers and said the ...