Fiat Chrysler and PSA have confirmed that they're in talks over a potential merger.
Should the talks go through, they'll end up creating one of the world’s leading auto makers.
Earlier this summer Fiat let go of a proposed merger with French rival Renault.
Board members at PSA, which owns Peugeot, will meet on Wednesday to discuss the potential deal.
Dubai’s new business support measures set to boost resilience, growth
Officials overseeing Dubai’s tourism and key economic sectors have said that the business support measures announced earlier this week will bolster resilience, help companies navigate short-term challenges and support sustained growth.
Drugmakers face 100% tariff unless they cut prices or produce drugs in US
President Donald Trump signed an executive order on Thursday imposing 100 per cent tariffs on branded pharmaceuticals imported into the US unless manufacturers agree to government drug pricing deals or commit to making their products domestically.
Wall Street soars as traders bet on potential war off-ramp
Wall Street ended sharply higher on Tuesday, lifted by speculation about a potential de-escalation in the Middle East conflict that has sent oil prices soaring and fuelled fears of global inflation in recent weeks.
US trade chief sees only limited role for WTO
The World Trade Organisation will play only a limited role in global trade policy after a failed ministerial meeting in Cameroon, US Trade Representative Jamieson Greer said on Monday, vowing to seek alternative arrangements with like-minded countries.
Dubai South awards AED 2 billion contract for development of 'Hayat' project
Dubai South Properties has awarded a AED 2 billion contract for the development of multiple phases of the 'Hayat' project, a luxury master-planned community spanning 10 million square feet.
Authorities in Dubai have denied reports that Iran carried out a strike on an Oracle data centre in the emirate.
Some UK education boards have announced cancellation of IGCSE and International A Level exams in the UAE that were scheduled to be held in May and June.
The UAE has expressed solidarity with Pakistan and Afghanistan after torrential rain triggered devastating floods and landslides in the region, killing and wounding a number of people.
