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Ministry rolls out school gardening competition

Dubai / WAM Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, has launched a school gardening competition, set to run until end-April 2019, in collaboration with the Knowledge and Human Dev- -elopment Authority (KHDA). Dr. Al-Zeyoudi announced the start of the competition during a visit to Al Sadiq Islamic English School in Dubai, where he toured the ...

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ADIO, IREIS partner to host Abu Dhabi Investment Forum

ABU DHABI / Emirates Business Abu Dhabi Investment Office (ADIO), the entity mandated to promote Abu Dhabi as an attractive global destination for investments in various strategic sectors, and the International Real Estate and Investment Show (IREIS), signed an agreement to host the inaugural edition of the Abu Dhabi Investment Forum on the sidelines of IREIS 2018. Set to run ...

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Japan economy facing more downside risks than year ago

Bloomberg Downside risks to Japan’s economy have increased in the past year and more work will be needed to sustain the recovery, the International Monetary Fund (IMF) said after its annual consultation with the Japanese government. Near-term risks include weaker global demand from trade or geopolitical tensions, which could undermine growth and trigger a strengthening of the yen, as well ...

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Asian cities challenge American dominance in venture capital

Bloomberg The US is losing its edge as the world’s foremost destination for venture capital investment, a new study shows, with US startups capturing a rapidly declining share of global dollars invested, and Chinese companies grabbing more of the total. Because startups play a critical role in economic dynamism, the study bodes well for the global economy as a whole, ...

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World Bank warns of debt rollover risk in Indonesia, Thailand

Bloomberg Any increase in capital outflows could make it more difficult for companies and governments to refinance foreign debt in developing East Asia, with Indonesia and Thailand most at risk, says the World Bank. Outflows pose “potentially disruptive implications for business operations and solvency on the corporate side, and for deficit financing and debt sustainability on the sovereign side,” the ...

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Traveloka in talks to raise $400mn

Bloomberg Traveloka, Southeast Asia’s largest online travel startup, is in talks to raise about $400 million from new and existing investors to accelerate its expansion, according to people familiar with the matter. The money will be used to push beyond traditional airline tickets and hotel bookings into activities for travelers like concerts or amusement parks, said the people, asking not ...

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Softbank, Toyota team up on ride-hailing, self-driving cars

Bloomberg Japan’s SoftBank Group Corp. and Toyota Motor Corp. are betting on a future when consumers and businesses will order up their transportation needs on demand, forming a new venture that will develop and deploy ride-hailing and self-driving car technologies. Monet Technologies Corp. will initially introduce ride-hailing services for Japanese public agencies and private companies, followed by a rollout of ...

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Pompeo returns to Pyongyang lacking leverage for nuke deal

Bloomberg Secretary of State Michael Pompeo arrived on Saturday in Japan on a trip that will take him to North Korea, as US disarmament demands are increasingly undermined by calls for sanctions relief and President Donald Trump’s eagerness for a second summit with Kim Jong-un. Pompeo will spend less than a day on the ground in Pyongyang on Sunday meeting ...

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EU’s Juncker says Brexit divorce deal will be done

Bloomberg The chances of getting a Brexit deal have increased over the past few days, European Commission President Jean-Claude Juncker told Austrian newspapers in an interview released on Saturday. “I assume that we’ll find an agreement about the terms of the exit treaty,” Juncker in the interview with daily newspapers Der Standard and Kurier, and weekly Falter. “We also need ...

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Interpol asks China about crime agency’s chief status

Bloomberg Interpol asked China to clarify the status of the law enforcement group’s president, amid press reports that he’s been arrested in his home country. “Interpol has requested through official law enforcement channels clarification from China’s authorities on the status of Interpol President Meng Hongwei,” Juergen Stock, secretary general of the organisation based in Lyon, France, said in a statement. ...

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