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  Bloomberg Australian Treasurer Scott Morrison said he’s still “very concerned” about the impact of record-low wage growth on the budget even after the economy rebounded strongly in the final three months of last year. The treasurer sought to play down the fiscal boost from 1.1 percent growth in the fourth quarter, telling Sky News only that “it’s consistent with ...

  Bloomberg India’s largest pharmaceutical firms are looking to convince US President Donald Trump that his promise to lower drug costs should take priority over his vow to make sure the medicines are made in America. The Indian Pharmaceutical Alliance, an industry group representing 20 of the nation’s largest drugmakers, is recommending India make the case to US lawmakers, regulators ...

  Bloomberg After the birth of the sport utility vehicle, minivans disappeared from many American driveways. Family sedans appear to be headed down a similar road. Passenger cars were just 37.5 percent of US auto sales during the first two months of the year, according to researcher Autodata Corp. As recently as 2012, coupes, sports cars and sedans like the ...

  Bloomberg Salesforce.com Inc. gave a first-quarter revenue forecast that fell short of analysts’ projections, hampered by rising competition from rival business-software makers with their own cloud products. Revenue in the period ending in April will be $2.34 billion to $2.35 billion, the San Francisco-based company said in a statement. Analysts projected $2.37 billion, according to data compiled by Bloomberg. ...

  Sharjah / WAM Hamriyah Free Zone Authority, launched its flagship project ‘Sharjah Food Park’, the region’s first and largest city dedicated to food & commercial industries, comprising of warehouses, offices and labour accommodations on a total area of over 11 million square feet. The authority announced that its new world class facility is dedicated to importing, exporting, holding and re-packaging ...

  DUBAI / WAM Dubai Holding, the global investment holding company, has signed a Memorandum of Understanding (MoU) with Dubai Municipality to develop the largest public park in Dubai. The move follows the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. Stretching across 1,430,000 sqm in DubaiLand, ...

  Sharjah / Emirates Business Sharjah’s business links with the world’s second largest country was the topic on the table when Sharjah Investment and Development Authority (Shurooq) hosted a trade meeting with a delegation from Canada. The roundtable event saw the two parties assess an array of initiatives that have the potential to lead to significant mutual benefits for Canada ...

  WASHINGTON / AP Facing a new wave of questions about his ties to Russia, President Donald Trump is telling advisers and allies that he may shelve — at least temporarily — his plan to pursue a deal with Moscow on the IS group and other national security matters, according to administration officials and Western diplomats. In conversations with diplomats ...

  Bloomberg The Trump administration plans to open the door to a possible reconsideration of greenhouse gas emission standards for cars and light trucks that has been sought by automakers, according to a person familiar with the plans. The Environmental Protection Agency in the final days of the Obama administration decided to lock in the emissions standards through 2025 that ...

  Bloomberg PSA Group and General Motors Co. are set to announce on Monday the purchase of the Opel brand by the French company, creating the region’s second-largest automaker and allowing GM to exit the European market, according to people familiar with the matter. The two carmakers, which sent an invitation for a joint press conference in Paris on Monday, ...