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Bloomberg Croatia bucked the trend of eastern European Union countries putting off their commitments to adopt the euro by setting 2020 as a target date to join ERM-2, the waiting room for the common currency. The newest EU member plans to join the exchange-rate mechanism, where all new euro members must remain for two years to show currency stability, and ...

Bloomberg Adidas AG’s mission to expand its basketball footprint in North America hasn’t made a major difference so far. That may now be a comfort to the German athletic-goods company as one of its executives is embroiled in a US college-basketball bribery investigation. Adidas expects to generate just $401 million from basketball products worldwide this year, the company said in ...

Bloomberg UK Prime Minister Theresa May needs to boost her appeal and win over young voters at her party’s annual conference next week in a push to revitalise her flagging premiership after a disastrous election in June. May is trying to persuade critics inside her Conservative Party to let her stay on as leader, as her allies fear she faces ...

Bloomberg Tata Motors Ltd. won an India government order for 10,000 electric cars as the country makes efforts to reduce emissions and curb fuel imports. The maker of high-end Jaguar and Land Rover models and the Nano small car will initially supply 500 vehicles to government-backed Energy Efficiency Services Ltd. in November, with the remaining 9,500 autos to be delivered ...

Bloomberg A luxury home in Hong Kong set a price record for apartment sales in Asia, even as the government seeks to tame property prices in the world’s least affordable market. The penthouse duplex unit in Henderson Land Development Co.’s 39 Conduit Road project was sold for about $67 million, or HK$105,000 per square foot, the city’s Sing Tao Daily ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, announced the start of the journey toward realising the UAE Centennial 2071 goals. Speaking ...

Abu Dhabi / WAM The UAE Soft Power Strategy was launched at the UAE government annual meetings, encompassing a national action plan that seeks to enhance the UAE’s reputation regionally and globally, and to consolidate that country’s position as an economic, cultural and humanitarian leader. H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister of the UAE and Minister ...

Abu Dhabi / Emirates Business Abu Dhabi witnessed a dramatic double digit increase in the number of hotel guests during August compared to the same period in 2016, helping to drive the total number of guests staying in the emirate to more than 3.1 million for the first eight months of the year. Figures released by the Department of Culture ...

AJMAN / WAM As part of its strategy to highlight Ajman’s unique tourist attractions and promote the emirate at an international level, the Ajman Department of Tourism Development (ADTD), is hosting a 3 city roadshow to Scandinavia which will run until September 29. The roadshow kicks off in Copenhagen, and consists of a delegation from Ajman, including representatives from the ...

DUBAI/ WAM University students across the UAE who believe they have an idea that could make a real difference to society are being urged to apply for a new grant scheme launched on Wednesday by Expo 2020 Dubai’s Expo Live programme. Expo Live has an allocation of $100 million to back projects that offer creative solutions to pressing challenges that ...