Masonry Layout

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 ...

Read More »

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, ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

Mercedes sees bumper year in China, leaves Audi behind

Bloomberg Mercedes-Benz, edging past long-time China luxury-car market leader Audi, expects another 2018 to be another bumper year in the world’s biggest auto market as consumer appetite for high-end vehicles like the E-Class sedan shows no signs of slowing. “Significant double-digit growth” is expected for next year after a 28 percent jump in deliveries there this year through November, Hubertus ...

Read More »

Europe to weigh if US tax cuts violate ‘trade rules’

Bloomberg European Union finance ministers were expected to discuss US legislation to slash taxes at a meeting in Brussels on Tuesday and whether the new plan violates international trade rules. The centerpiece of the tax bill that passed the US Senate is a reduction in the corporate tax rate to 20 percent from 35 percent. The bill still needs to ...

Read More »

BMW targets 50% increase in electric vehicle sales

Bloomberg BMW AG is targeting another ambitious hike in plug-in hybrid and battery car sales next year to defend its position in the electric-car shift as competitors like Volkswagen AG ready their own battery lineups. The planned increase to about 150,000 cars sold would represent a 50 percent rise from this year, and a jump of about two-thirds from last ...

Read More »
Send this to a friend