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Bloomberg Chinese President Xi Jinping called for greater global economic integration and warned against decoupling while calling on the US and its allies to avoid “bossing others around.” “International affairs should be conducted by way of negotiations and discussions, and the future destiny of the world should be decided by all countries,” Xi said on Tuesday at the Boao Forum ...

Abu Dhabi / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, on Monday received, in his palace, Makhdoom Shah Mahmood Qureshi, Foreign Minister of Pakistan, who is currently visiting the UAE. During the meeting, Sheikh Nahyan welcomed Qureshi and his delegation, and both sides discussed ways to further develop cooperation between the UAE and Pakistan, to ...

Dubai / WAM The UAE showed an outstanding performance in securing food during the Covid-19 pandemic with Dubai external foodstuff trade reaching AED52 billion in 2020, according to Dubai Customs. “Food security is gaining more importance under the current circumstances, and the challenges posed by the pandemic which swept across the world,” said Nassim Al Mehairi, Manager of Statistics Section ...

DUBAI / WAM Dubai Municipality closed down 53 food establishments during the first quarter of this year for violating Covid-19 protocols. Inspection campaigns are on during Ramadan to ensure that food establishments meet the requirements for transporting, storing, preparing and displaying food products and materials. Sultan Al Taher, Head of Food Inspection Section in the municipality said that the officials ...

Dubai / WAM Smart Dubai announced it collaborated with the UAE Zakat Fund to launch a new and secure Zakat payment service on the government service application DubaiNow in time for the Holy Month of Ramadan. The new service allows users to calculate their Zakat amount per Islamic Sharia law, and then pay the full amount or part of it. ...

Bloomberg Natural gas is falling out of favour with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with billions of dollars of assets they can’t sell. Citigroup Inc and JPMorgan Chase & Co are among the banks that strengthened their financing restrictions on thermal coal under pressure ...

Bloomberg The US said China continues to focus its policies on exports, and called on its biggest economic rival to implement forceful measures to boost domestic demand. “China’s recovery has been highly imbalanced” since the hit from the coronavirus pandemic, the US Treasury Department said in its semiannual foreign-exchange report. “Stringent containment measures enabled China to quickly resume manufacturing while ...

Bloomberg Razorpay, an Indian startup that facilitates digital payments, is raising $160 million from Sequoia India, Singapore’s sovereign fund GIC Pte and others, tripling its valuation to $3 billion in six months. The Bangalore-headquartered company, which helps businesses to automate their payment systems, will use the funds to expand into banking and lending, make acquisitions and add services in Southeast ...

Bloomberg After spending $120 million on a stake in an online grocer in Norway, SoftBank Group Corp is laying out the business logic of targeting a market that boasts Europe’s highest hourly labour costs. The deal is an example of how countries that pay average workers really well often come up with some of the smartest technology, according to Paul ...

Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, warned for the first time that trade tensions may disrupt its access to key production equipment and hit its operations, amid increasing friction between the US and China. The company, which produces semiconductors for Apple Inc and other major global tech companies, said in its annual report released that ...