Largest US crude oil export hub sold to Enbridge as part of $3bn deal

Enbridge Inc updates Sign up to myFT Daily Digest to be the first to know about Enbridge Inc news. Enbridge, the Canadian pipeline company, is betting on sustained strength in US energy production with a $3bn purchase of assets including a crude oil export terminal in Texas that is North America’s largest by volume. The

MG Motors Unveils The Special Edition MG RX8 Black Edition In The Middle East

MG Motor has revealed a new special edition of its popular seven-seater SUV the MG RX8 in the Middle East this September. The MG RX8 Black Edition introduces a bolder, more assertive look to the range, with a raft of all-black interior and exterior style changes in comparison to other RX8 models.  The Black Edition

Lenovo And VMWare Will Partner To Offer First Of Its Kind Solution For Edge Computing

Today, Lenovo Infrastructure Solutions Group (ISG) announced it will be the first to market with VMware’s software solution for the edge running on the resilient ThinkSystem SE350 Edge Servers.  The new solution will be delivered directly to customer edge sites with the VMware software solution pre-loaded on a pair of ruggedized and security-enhanced ThinkSystem SE350.

Supply chain squeeze: first cars, now chairs and cupboards

Phillipe Moreau had to get creative to keep Temahome’s production lines whirring after shortages of timber, resin and steel left half of his furniture maker’s 600-item catalogue out of stock earlier this year. “We played around,” said the chief executive of the French maker of wooden tables, shelves and TV stands. “If black panels weren’t

European stocks coast as investors look ahead to ECB decision

Equities updates Sign up to myFT Daily Digest to be the first to know about Equities news. European equities drifted and government bonds softened ahead of a European Central Bank meeting later in the week that could mark the beginning of the end of crisis-era monetary stimulus.  The Stoxx 600 index dropped 0.3 per cent

Multilateral development banks can do more to aid the recovery

Coronavirus economic impact updates Sign up to myFT Daily Digest to be the first to know about Coronavirus economic impact news. The writer is vice-president and chief financial officer of the New Development Bank The economic crisis induced by the Covid-19 pandemic has resulted in the most serious setback to development progress and poverty alleviation

UAE Expats can now keep their visa for up to six months if they lose their job

Some seriously big news for the UAE as they’ve announced UAE expats can get up to six months grace period on their visa if they lose their job. Under UAE current law, employees who lose their job and their visa are allowed 30 days to find a new job or leave the country. But under