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Bloomberg Tensions remained high across India on Monday after five days of protests against a contentious new religion-based citizenship law turned violent in the capital New Delhi and other parts of the country, with police using tear gas to disperse crowds. Anger against the law has fueled protests across Asia’s third-largest economy, from Assam, about 1,900 kilometers (1,180 miles) to ...

Bloomberg The pickup in China’s economy in November adds to the optimism from the trade deal announced last week, though plenty of downside risks remain as the nation heads into 2020. Industrial output and private consumption were both much stronger than expected, with production jumping 6.2% from a year earlier and retail sales climbing 8%, data released on Monday showed. ...

Bloomberg Beverage cans manufacturer Pakistan Aluminium Beverage Cans Ltd (PABC), a joint venture of the UK’s Ashmore Group and Pakistan’s Liberty Group Ltd, is exploring a sale that could fetch about $100 million, people with knowledge of the matter said. The shareholders are working with an adviser on the potential sale, said the people, who asked not to be identified ...

Bloomberg Just when German factories appeared to be exiting a yearlong slump that battered the country’s economy, it worsened again. The last surveys of purchasing managers for 2019 highlight the dire state of industry in Europe’s largest economy, which was one of the largest drags on the 19-nation euro zone this year. There were also disappointing numbers out of France ...

Bloomberg The euro zone’s private sector is barely growing as 2019 draws to a close, rounding off a year that has seen factories battered by trade uncertainties. IHS Markit’s Composite Purchasing Managers’ Index (PMI) stayed at 50.6 in December, slightly lower than economist estimates of 50.7. The reading signals fourth-quarter output will be the weakest since the region exited a ...

Bloomberg FreeNow, the ride-hailing venture owned by Daimler AG and BMW AG, expects to double revenue this year and next in a fresh challenge to Uber Inc in Europe and Latin America. FreeNow’s so-called gross merchandise volume, which mirrors revenue, is forecast to reach about 2.4 billion euros ($2.7 billion) in 2019, Chief Executive Officer Marc Berg said in an ...

Dubai / WAM Brand Dubai, the creative arm of the Government of Dubai Media Office, on Sunday signed a Memorandum of Understanding (MoU), with Dubai Municipality to undertake beautification projects across Dubai to enrich the city’s urban landscape. The collaboration supports the shared strategy of both organisations to enhance the aesthetic ambience of the city and transform key neighbourhoods into ...

Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), has contributed $10 million (AED36.7 million) towards the development of the Samandini Dam in Burkina Faso. Supporting the country’s strategic objectives, the funded project is part of the Samandini Basin Development Programme that aims to promote sustainable growth in rural areas and improve living conditions through boosting the agricultural ...

Dubai / WAM The UAE Ministry of Economy has announced that the 10th edition of the Annual Investment Meeting (AIM), will be held from March 24-26, 2020, in Dubai. The tenth edition is themed, ‘Investing for the Future: Shaping the Global Investment Strategies’, and will highlight the shifting global investment landscape. Praising the expanded network of AIM 2020, Abdullah Al ...

ABU DHABI / WAM The Sheikh Zayed Book Award organised a panel discussion in Moscow to highlight the pivotal cultural role of the Russian-Emirati cultural dialogue. Held at the Ritz-Carlton, Moscow, the Arab-Russian Cultural Dialogue event further aimed to introduce Russian audiences to Sheikh Zayed Book Award initiatives and attract further nominations to its annual award. Maadhad Hareb Al Khaili, ...