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Bloomberg The US must be “strategic” when it comes to a decision on whether to remove China tariffs, Trade Representative Katherine Tai said a day after President Joe Biden mentioned he would review Trump-era levies as consumer prices surge. “With respect to the tariffs, our approach as with everything in this relationship, is to be strategic,” Tai said in an ...

Bloomberg President Joe Biden is seeking to show US resolve against China, yet an ill-timed gaffe on Taiwan risks undermining his bid to curb Beijing’s growing influence over the region. Whether intentional or not, Biden provoked China with a vow to defend Taiwan militarily. After saying that US policy on Taiwan “had not changed at all” during a news conference ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), together with its long-standing partner Borealis AG, on Monday announced the offer price for the initial public offering (IPO) of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX). The price per share for the offering has been set at AED2.45, implying an equity value ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan will continue the UAE’s march of prosperity and tolerance, New Zealand’s Governor General Dame Cindy Kiro told the Emirates News Agency (WAM). “I am in no doubt that His Highness Sheikh Mohamed bin Zayed will continue the UAE’s onward march in building its prosperous and tolerant society. ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, and GE Gas Power signed an agreement to upgrade four existing GE 9F gas turbines at EGA’s Al Taweelah power plant, reduce greenhouse gas emissions intensity, and contribute to the UAE’s Net Zero by 2050 Strategic Initiative. GE’s Advanced Gas ...

  Sharjah / WAM Over 12 days, the 13th edition of the Sharjah Children’s Reading Festival (SCRF) took more than 112,350 visitors of all age groups and backgrounds on a journey to new worlds of learning and entertainment. With spaces attractively designed to stimulate thought and creativity, Expo Centre Sharjah spoilt cultural enthusiasts for choice with the festival’s vast offering ...

  Bloomberg Europe’s ambitious plan to walk away from Russian natural gas and replace a chunk of it with tanker-borne imports faces a major obstacle: getting it to where it’s needed most without huge price discrepancies. Even as record amounts of liquefied natural gas (LNG) land on Europe’s shores, the lack of interconnectors from key import terminals in the west ...

  Bloomberg President Joe Biden said the US military would intervene to defend Taiwan in any attack from China, comments that appeared to break from the longstanding US policy of “strategic ambiguity” before they were walked back by White House officials. Asked during a press briefing on Monday in Tokyo whether the US would be willing to get involved militarily ...

Bloomberg Germany supports a plan to suspend European Union rules limiting deficits and debt by an additional year to the end of 2023, according to officials familiar with the government’s stance. The European Commission, the EU’s executive arm, proposed on Monday to maintain the so-called general escape clause of the bloc’s Stability and Growth Pact until the end of next ...

Bloomberg China’s coronavirus lockdowns mean its economic growth may undershoot the US for the first time since 1976, in a role reversal with potential political reverberations in both Beijing and Washington. The world’s second-largest economy will grow just 2% this year, Bloomberg Economics wrote in a report. By comparison, US gross domestic product will increase 2.8% this year, Bloomberg Economics ...