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Bloomberg China’s government is working on a plan to combine its two biggest shipbuilders to create an industrial giant that would dwarf its South Korean rivals, according to people with knowledge of the matter. The state council, China’s cabinet, has given its preliminary approval to merge China State Shipbuilding Corp. with China Shipbuilding Industry Corp., the people said, asking not ...

Bloomberg The European Union distanced itself from the idea of reviving talks on a broad free-trade agreement with the US as part of EU efforts to gain a permanent exemption from President Donald Trump’s controversial import tariffs on steel and aluminum. A day after US Commerce Secretary Wilbur Ross said the Trump administration is willing to restart negotiations on the ...

Bloomberg Telegram Group Inc., an encrypted messaging app seeking to create its own cryptocurrency, has increased the proceeds from the world’s largest initial offering to $1.7 billion, according to a regulatory filing. Telegram raised $850 million from 94 investors in March in addition to $850 million it gained in February, and “may pursue one or more subsequent offerings,” the British ...

Bloomberg Facebook Inc. pays female staff in Britain just 0.8 percent less on average than male employees, but womens’ bonuses are almost 40 percent lower. The mean average disparity in pay at Facebook is an improvement compared to Google’s UK arm, where women are paid on average 17 percent less than men. Google’s average bonus for female staff is 43 ...

Bloomberg David Shulkin, removed days ago as Secretary of Veterans Affairs, said political appointees engineered his ouster as they push for “more aggressive” changes to how the sprawling department is run. “I did not resign,” Shulkin said on Sunday on CNN’s “State of the Union.” In a separate interview on NBC’s “Meet the Press,” he said that “There would be ...

VANCOUVER / WAM The Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED) and Dubai Science Park (DSP), joined hands to promote current and emerging investment opportunities in Dubai at the GLOBE Forum and Innovation Expo 2018, which was held in Vancouver, Canada. The GLOBE Forum 2018, North America’s largest and longest-running international Leadership ...

SHARJAH / WAM The Friends Of Cancer Patients (FOCP), and Etisalat have launched the fundraising initiative, ‘A Dirham for Hope’, to support efforts to provide financial and moral assistance to cancer patients and their families in the UAE. An agreement formalising the initiative was signed by Abdul Aziz Taryam, CEO Advisor and General Manager of Etisalat Northern Emirates, and Sawsan ...

Sharjah / WAM Participants in Sharjah’s International Government Communication Forum (IGCF 2018), have recommended the establishment of ministries for media marketing to enable governments to build the reputation and values that facilitate communication with people. They have also called for the setting up of digital platforms to support public engagement in national decision making; creation of social media channels and ...

Abu Dhabi / WAM Ways of cooperation across multiple domains, primarily food, agriculture and logistics, were the main topics of discussion at a meeting Sultan bin Saeed Al Mansouri, Minister of Economy, had on Saturday with Tudor Ulianovschi, Minister of Foreign Affairs and European Integration of the Republic of Moldova. The two ministers affirmed the importance of the recent steps ...

Bloomberg President Donald Trump lit into Amazon.com Inc. for the second time in three days with a pair of Twitter messages that said the online retailer “must pay real costs (and taxes) now!” The president on Saturday claimed, citing reports he didn’t specify, that the US Postal Service “will lose $1.50 on average for each package it delivers for Amazon.” ...