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Adnec all set to host leading industry events in Q1 2020

Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) is set to host leading industry events, at both the Abu Dhabi National Exhibition Centre and Al Ain Convention Centre in the first quarter of 2020 in one of their busiest seasons yet. Following on from a successful 2019 season, Adnec aims to ensure a strong start to the new ...

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UAE sends urgent aid to Philippines after volcano eruption

ABU DHABI / WAM The UAE has provided urgent aid to those affected by the eruption of Taal Volcano in the Philippines. This comes following the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the monitoring of HH Sheikh Hamdan bin Zayed Al ...

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Trump limps into trial with GOP Senate in his corner

Bloomberg President Donald Trump’s impeachment trial formally opened in the Senate on Tuesday, promising to shape his legacy, deepen the country’s political divisions and influence control of power in the nation’s capital for years to come. While the president faces little risk of removal from office by the Republican-led Senate, the trial may bring to life new details of Trump’s ...

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China court sentences ex-Interpol boss Meng to 13.5 years in prison

Bloomberg A Chinese court sentenced former Interpol president Meng Hongwei to 13.5 years in prison, more than a year after he went missing during a visit to his home country. Meng previously pleaded guilty to charges that he accepted bribes of 14.5 million yuan ($2.1 million) between 2005 and 2017. China had earlier removed him from his government post as ...

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US, Taliban negotiators inch closer to peace deal

Bloomberg The US and Taliban leaders are moving towards a peace deal that would see the eventual withdrawal of foreign troops from Afghanistan and an end to the 18-year long conflict, according to the militant group’s spokesman and a person in Washington familiar with the talks. It’s the second time in recent months the two sides have appeared close to ...

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Thai court acquits opposition party over monarchy charge

Bloomberg Thailand’s second-biggest opposition party escaped dissolution on Tuesday after being acquitted of seeking to oust the monarchy. The Constitutional Court in Bangkok ruled there wasn’t enough evidence to back up the accusation against the Future Forward party. The monarchy sits at the summit of power in Thailand and top royals are treated as semi-divine. Televised images showed the court ...

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Tunisia attempts again to form government

Bloomberg Tunisia’s president named a former finance minister to pull together a new government, in a fresh bid to build consensus in the North African nation battling deep political rifts and an ailing economy. Elyes Fakhfakh’s appointment is the latest bid by President Kais Saied to kick-start a stalled political reform after his earlier choice, Habib Jemli, was unable to ...

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Guaido meets Pompeo in push to oust Maduro

Bloomberg Venezuelan opposition leader Juan Guaido met with US Secretary of State Mike Pompeo in Bogota and was expectd to the World Economic Forum in Davos, as he rallies international backing for his campaign to oust president Nicolas Maduro. In Colombia, Guaido also received the renewed support of President Ivan Duque during a meeting at the presidential palace. They visited ...

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Global economy likely to strengthen in 2020: IMF

Bloomberg The International Monetary Fund (IMF) predicted the world economy will strengthen in 2020, albeit at a slightly slower pace than previously anticipated amid threats related to trade and tensions in the Middle East. Global growth will accelerate to 3.3% from 2.9% in 2019, marking the first pickup in three years, the fund said. Both figures are down compared with ...

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BOJ leaves rates unchanged, raises growth forecasts

Bloomberg The Bank of Japan (BOJ) took a brighter view of the economy and left its main policy settings unchanged on Tuesday, offering a further indication that it is unlikely to add to its stimulus. As had been widely expected, the BOJ raised its growth projections for the first time in a year, thanks to Prime Minister Shinzo Abe’s $120 ...

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