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China pledges action on tech transfer as Trump plans tariffs

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Bloomberg China made further promises to protect the intellectual property of foreigners investing in its economy, addressing a long-standing grievance as US President Donald Trump plans new tariffs aimed at Beijing. Speaking at the end of the annual National People’s Congress, Premier Li Keqiang said that China wants to avoid a trade war and that the government plans to further ...

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War for Asia talent pushes banks to boost plans to retain women

Myanmar payment union launches a countrywide debit card

Bloomberg There’s still plenty of long hours, hard work and heavy travel. But global investment banks in Asia that want to retain and promote women have been offering more incentives for them to return to work and stay in senior jobs—and bumping up the numbers of women in their management ranks as a result. Women account for 13 percent of ...

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EU offers UK ‘equivalence’ for financial services

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Bloomberg The European Union will consider offering the UK “improved equivalence” for financial services after Brexit, according to the latest draft of the bloc’s negotiating position, a system Britain has rejected as “wholly inadequate.” It’s not clear what “improved” would mean. What is clear is that the EU is rejecting the UK’s bid for its banks to have access to ...

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German investor confidence tumbles amid risk of trade war

Volkswagen reopens production line in kenya after some 40 years

Bloomberg German investor sentiment slumped to its lowest level since September 2016 as concern intensified that Europe’s largest economy could be hurt by a global trade war and a strengthening euro.The ZEW Center for European Economic Research in Mannheim said on Tuesday that its monthly index of investor expectations fell to 5.1 in March from 17.8. Economists in a Bloomberg ...

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Publicis boosts growth target, asserts market leader status

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Bloomberg Publicis Groupe SA, the world’s third-largest advertising company, lifted its outlook for growth on the conviction that it’s the best placed to triumph over structural changes in the industry. “We believe that we are the only ones who have the right assets to succeed,” Publicis Chief Executive Officer Arthur Sadoun said in an interview ahead of an investor presentation ...

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Happiness officers have a key role in activating quality of life

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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that the UAE has transformed happiness, positivity and quality of life to a practice in every sector, as well as a culture of society. His Highness said during the graduation ceremony of second batch of ‘Chief Happiness ...

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UAE has become a global investment destination for investors: Abdullah

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Cairo / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met UAE investors delegation participating in the UAE-Egypt Economic Committee’s meetings in Cairo. During the meeting, Sheikh Abdullah affirmed the importance of the UAE investors role in developing economic partnership and boosting joint investments between the UAE and Egypt in light of ...

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Adnoc employees receive Long Service Awards

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Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), honoured and celebrated its employees who have worked with the Company between 10-40 years on Sunday. More than 500 employees gathered in front of ADNOC headquarters to participate in a ceremony that focused on their years of dedicated service. The company commemorated their work anniversaries by arranging for them ...

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DWTC records 9% rise in visitors

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DUBAI / WAM The Dubai World Trade Centre Authority (DWTCA), announced its 2017 results, which overshot the three-million-visitor milestone for the second consecutive year. Welcoming a record 3.3 million delegates and attendees last year, up 9 percent from the previous year, the region’s largest trade venue hosted 353 meetings, incentives, conferences and exhibitions (MICE), and business events, a formidable 18 ...

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Signs of revival turn lender bullish on India’s villages

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Bloomberg The recovery in India’s rural economy is likely to curb bad loans and boost profit at financial companies that specialise in credit to the country’s villages, according to one of the biggest such lenders. Mahindra & Mahindra Financial Services Ltd., which offers loans for equipment and vehicles in 330,000 of India’s roughly 600,000 villages, is seeing business growing and ...

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