Volkswagen has named Porsche head Matthius Mueller as its new CEO as the automaker tries to contain the damage from its emissions cheating scandal. Meanwhile, it has emerged that 2.8 million vehicles in Germany may have been affected. Ira Spitzer reports from Berlin:
UAE's non-oil foreign trade exceeds AED3.8 trillion in historic first
The UAE's non-oil foreign trade has exceeded AED 3.8 trillion ($1 trillion) for "the first time in its history", His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Saturday.
UAE and Scotland boost investment ties
The UAE Ministry of Investment and the Scottish Government have signed a Memorandum of Understanding aimed at strengthening investment cooperation and boosting mutual investment flows between the two countries.
Trump threatens tariffs on any nation supplying Cuba with oil
US President Donald Trump has threatened new tariffs on Thursday on countries supplying oil to Cuba, escalating a pressure campaign against the communist-run island and long-time foe of the United States.
China relaxes visa rules for UK citizens on PM's trip to Beijing
China agreed to relax rules to allow some visa-free travel for British citizens on Thursday during a visit by Prime Minister Keir Starmer to Beijing, as part of a partnership deal which London hopes will help expand its service sector.
Tesla invests $2 billion in Musk's xAI, reiterates start of Cybercab production
Tesla has said on Wednesday it will invest $2 billion in CEO Elon Musk's artificial-intelligence company xAI, and that production plans for its Cybercab robotaxi were on track for this year.
Fuel prices in the UAE will drop for a second consecutive month in February.
The UAE has reopened the newly renovated Sheikh Zayed Child Care Complex in Istanbul that can now accommodate and provide essential care for around 700 children.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held a phone call with Iranian President Dr. Masoud Pezeshkian.
