Masonry Layout

Bloomberg Toyota Motor Corp produced 771,382 vehicles in October, down from a record of 887,733 the previous month, and warned of an uncertain outlook due to Covid and semiconductor shortages. Output was up 23% from October 2021, when supply chains were disrupted by the spread of Covid in Southeast Asia, Toyota said in a statement. The world’s biggest automaker is ...

  Bloomberg Billionaire Guo Guangchang’s Shanghai Fosun Pharmaceutical Group Co is considering a sale of Indian drugmaker Gland Pharma Ltd after receiving interest from potential buyers, people familiar with the matter said. Fosun Pharma, a listed arm of Chinese conglomerate Fosun International Ltd, has been working with an adviser as it informally gauges interest in its controlling stake in Gland, ...

Bloomberg China said it would bolster vaccination among its senior citizens, a move regarded by health experts as crucial to reopening an economy stuck in an endless loop of harsh Covid Zero curbs. But it stopped short of announcing mandates that helped raise inoculation rates in other countries. Instead, officials vowed to push shots harder in places like nursing centres, ...

Bloomberg Ukraine’s Nato partners are set to discuss more air-defense systems for the fight against Russia this week, but there won’t be any meaningful progress on a 14-year-old pledge to let Kyiv join their alliance. Nato foreign ministers started holding two days of talks from Tuesday in Bucharest, the site of a 2008 summit at which Ukraine and Georgia were ...

Bloomberg Sweden and Finland have made progress towards winning Ankara’s approval for them to join Nato but they have to go further, Turkish Foreign Minister Mevlut Cavusoglu said. “There are still some issues, they made some progress and some steps were taken but at this moment it’s not sufficient enough,” Cavusoglu told Bloomberg before meeting his Swedish and Finnish counterparts ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Monday presided over the annual meeting of the Abu Dhabi National Oil Company (Adnoc) Board of Directors, in his capacity as its Chairman. During the meeting, which was held at Adnoc Headquarters, the board directed Adnoc to pursue a “Net Zero by 2050” ambition to support ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has grown its community to more than 200 startups following the selection of 20 companies to join its latest cohort. Of the 20 startups in the cohort, nine are UAE-based companies while the remaining 11 have relocated to Abu Dhabi, reinforcing the UAE capital’s ability to attract high-quality companies ...

  Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) has partnered with the Food and Agriculture Organisation (FAO) of the United Nations in a joint effort to revive the heritage and traditions of the emirate’s pearl industry. The “Abu Dhabi Pearls” project involves sustainably farming high-quality pearls in the warm waters of the Arabian Gulf. The project ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution announced that its retail customers were able to conveniently participate in the subscription to initial public offerings (IPOs) that were issued this year through its mobile app. 80% of clients subscribed IPOs that were issued in 2022 through Adib Mobile app in just a few clicks. ...

  Abu Dhabi / WAM Abu Dhabi Airports, the operator of the five airports in the emirate of Abu Dhabi, on Monday released its passenger traffic results report for the third quarter of 2022. During this period, passenger traffic totalled 4.7 million passengers, a rise of 250% compared to the 1.3 million passengers in Q3 2021. The report highlights impressive ...