Top officials during the signing ceremony in Dubai.
NEW YORK: Chinese e-commerce giant Alibaba Group Holdings will allow small US businesses to sell on Alibaba.com, the company said, as it seeks to tap into the business-to-business e-commerce market and fend off rivals like Amazon.com. The move will open up markets to US merchants in countries
Amazon.com said it would shut its China online store by July 18, as the US e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation. The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon’s marketplace
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has inaugurated the simulator and training centre at its Jebel Ali Power Plant and Desalination Complex.
The US economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.
Canadian plane and train maker Bombardier said on Friday it would cut 2,500 jobs, or about 11% of the workforce at its aviation unit, as the coronavirus pandemic’s crushing impact on the air industry adds to its long list of problems.
The COVID-19 pandemic has introduced unique market pressures and challenges across industrial sectors. In the context of the real estate industry in the UAE, the crisis interrupted a process of steadily building renewed growth.
Germany has become the second major European Union (EU) economy to use a multi-billion-euro recovery plan to spur clean driving, with incentives for electric cars that should boost Volkswagen (VW) and Tesla, while polluting sport utility vehicles (SUVs) face higher taxes.