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Bloomberg The US and China agreed to the first phase of a broader trade agreement that will see the US reduce tariffs, and at least temporarily calm fears of an escalating trade war between the world’s two largest economies. The deal announced hinges on China increasing purchases of American farm goods such as soybeans, and making new commitments on intellectual ...

Bloomberg A new law on Indian citizenship is threatening to pull Prime Minister Narendra Modi’s focus away from a flagging economy as protests and criticism builds against the divisive plan. The government was forced to call in the army to quell protests in some parts of the country after the parliament passed legislation that will prevent undocumented Muslim migrants from ...

Bloomberg Oil settled above $60 a barrel for the first time since missile strikes on Saudi Arabia sparked a record price surge three months ago. Futures closed 1.5% higher in New York, buoyed by a partial truce in the US-China trade war that has imperiled demand all year. “The market has just priced in this outcome to a certain extent ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Wednesday inaugurated the 22nd edition of Sharjah Islamic Arts Festival, under the theme, ‘Prospect’ organised by the Cultural Affairs Department at the Sharjah Department of Culture, at the Sharjah Art Museum. The Ruler of Sharjah toured the 31 exhibitions held in ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended on Wednesday the graduation of the second batch of the Mohammad bin Rashid Centre for Leadership Development’s Impactful Leaders Programme. Sheikh Mohammed bin Rashid said that investing in people will always reap dividends. “Our objective is to ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, stated that the diversity and pluralism of the Emirati community represent the true state of its richness that everyone is proud of, noting that the UAE has adopted a tolerant approach in its development drive He explained that tolerance and human fraternity are priorities of the UAE’s ...

Seoul / WAM The UAE and Korea have signed a Memorandum of Understanding, MoU, launching the official UAE-Korea Dialogue for 2020, in the presence of Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, and Park Yang-woo, Korean Minister of Culture, Sports and Tourism. Marking the 40th anniversary of diplomatic relations between the two nations, the UAE-Korea Cultural ...

Bloomberg China is in preliminary talks to support the European Union’s (EU) backup plan for settling international trade disputes as president Donald Trump’s administration gets closer to scuttling the World Trade Organisation’s (WTO) role in refereeing cross-border commerce. China’s Ambassador to the WTO Zhang Xiangchen told Bloomberg News that Beijing is actively working to support the EU’s vision of an ...

Bloomberg Alphabet Inc’s Google isn’t liable for defamatory content posted on its platforms after 2009, India’s top court ruled, reaffirming immunity for Internet companies in the world’s second-most populous nation. The verdict, which reiterates a 2015 ruling, comes as a relief for social media companies, online retailers and service providers who are facing increasing pressure from the Indian government to ...

Bloomberg China’s Huawei Technologies Co just got a seal of approval from one of Germany’s biggest telecom companies. Telefonica SA’s German unit, which operates the country’s second-largest wireless network, picked Huawei and Finland’s Nokia Oyj to take an equal role supplying its fifth-generation mobile phone network upgrade, the company said in a statement Wednesday. The deal is subject to the ...