DUBAI / Emirates Business Emirates’ new Boeing 777-300ER aircraft fitted with its game changing fully enclosed private suites in First Class, as well as refreshed Business and Economy Class cabins, has now entered service, to the delight of customers. The new Emirates cabins were unveiled for the first time at the Dubai Airshow last month, to positive acclaim from visitors ...
Read More »ADDED organises workshop to promote investments, exports
Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (ADDED), organised a two-day training workshop at its headquarters, in cooperation with the Ministry of Economy, entitled, ‘Policies of Encouraging Investments and Export. The workshop provided participants with an analysis of the government’s strategies to promote exports and attract investments, by providing practical analytical tools to study and encourage ...
Read More »UAE denies Houthi allegations of firing missile at N-plant
Abu Dhabi / WAM The National Emergency Crisis and Disaster Management Authority (NCEMA), has denied claims made by Houthi militias in Yemen of a missile launch towards the UAE’s airspace. In a statement, NCEMA emphasised that the UAE’s air defence system is capable of dealing with any threats. The authority noted that the Barakah Nuclear Power Plant has all necessary ...
Read More »Nissan seeks $770mn from India for broken tax-break promise
Bloomberg Nissan Motor Co. is seeking compensation from India, saying the government failed to keep its end of the bargain on promised tax breaks after wooing the Japanese automaker to set up a factory in the South Asian country. The Yokohama-based carmaker has started international arbitration against the Indian government, a Nissan spokesman said. The company wants $770 million in ...
Read More »India’s Infosys names Salil Parekh as CEO
Bloomberg Indian software-outsourcing giant Infosys Ltd. named outsider Salil S Parekh as chief executive officer, ending the company’s search for a new leader after previous head Vishal Sikka quit following criticism from a group of founders, landing it in uncertainty. Parekh, a member of the executive board at Capgemini SE with degrees from the Indian Institute of Technology and Cornell ...
Read More »Europe to award China ‘holy grail’ with tariff-rules revamp
Bloomberg European industries from steel to solar are bracing for a new set of tariff rules that may make it harder to fend off low-cost imports from China and other foreign countries. European Union governments were due on Monday to rubber-stamp the biggest revamp of the bloc’s method for calculating duties aimed at countering below-cost—or “dumpedâ€â€”imports. The move is a ...
Read More »Brexit brings UK lawyers to Ireland to retain EU practices
Bloomberg Lawyers are having their own Brexit. More than a thousand UK lawyers have registered in Ireland since 2016 to make sure they can represent clients in European Union courts after the UK leaves the bloc. Figures from the Law Society of Ireland show 511 attorneys from England and Wales have registered in Ireland this year, on top of 806 ...
Read More »Mercedes all set for US luxury sales crown
Bloomberg With just a month left to go, Daimler AG’s Mercedes-Benz has all but clinched another year of luxury dominance in the US market. Mercedes eked out a 1.6 percent monthly sales gain in November on strong demand for its GLC sport utility vehicle. BMW AG, which boosted deliveries 7.1 percent last month on the strength of its X5 SUV ...
Read More »Car dealers dodge retail doomsday as Black Friday buoys sales
Bloomberg There’s an exception to the rule that Black Friday deals don’t drive traffic to brick-and-mortar stores anymore: car dealerships. Honda Motor Co. and Ford Motor Co. reported bigger US sales gains than expected for in November as big rebates and cut-rate financing offers lured buyers into showrooms. While total deliveries dropped for General Motors Co. and Fiat Chrysler Automobiles ...
Read More »US shale drillers set to plow OPEC’s gift into more wells
Bloomberg OPEC and Russia just gave their most implacable foe, US shale, an early holiday gift. As corporate boards for American oil explorers prepare to sketch out 2018 drilling budgets, the historic agreement by Saudi Arabia, Russia and other major crude producers to extend supply caps for another year may prompt directors to spend more on drilling. That’s because the ...
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