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Bloomberg Prime Minister Shinzo Abe’s cabinet approved draft legislation to impose tougher rules on overseas investments in the nation’s stock market, targeting foreign state-owned firms. The planned rules will require overseas investors to report in advance when they plan to buy more than 1% of shares in companies related to Japan’s national security, compared with the current 10% threshold, according ...

Bloomberg President Donald Trump pulled his Trump National Doral golf resort in Miami as the venue for the 2020 Group of Seven meeting after facing widespread criticism that he was using a major government event for personal gain. The search will start for a new location, including the possibility of using Camp David, he said in a tweet. In earlier ...

Bloomberg Sanofi is voluntarily recalling heartburn medication Zantac in the US and Canada amid worries that the medicine may be tainted with a compound that could cause cancer. The French pharma company’s announcement follows decisions from major drugstore operators in the US, including Walgreens Boots Alliance Inc and Walmart Inc, to pull the medication from store shelves. In addition, manufacturers ...

Bloomberg Brexit won’t have a big impact on the European or global economies, former Bank of England governor Mervyn King said, offering a counterpoint to persistent concerns by global policy makers that the move could further dent already-weakening growth. “I don’t honestly believe that Brexit has any great significance even for the rest of Europe, let alone the rest of ...

Bloomberg Lebanon is headed for a showdown after the government suffered its first resignations, as the country enters its fourth day of demonstrations in the largest such unrest in years. Four ministers from a major Christian party, the Lebanese Forces, stood down as Prime Minister Saad Hariri said he was working around the clock to come up with a plan ...

Abu Dhabi / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of Abu Dhabi Executive Council, has inaugurated the Al Hayer residential project in Al Ain City. The AED687 million project includes 300 residential villas were built with typologies of Emirati housing in mind and designed around an ‘Emirati neighbourhood’ concept that meets the needs of Emirati ...

Abu Dhabi / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, has signed the ‘Covenant for Million Tolerant’, launched by the Zayed House for Islamic Culture (ZHIC), last April, at the ministry in Abu Dhabi. Signing on the document is seen in the framework of the ministry’s support to all voluntary efforts and initiatives conducted by individuals, local, ...

ABU DHABI / WAM The Emirates Authority for Standardisation and Metrology (Esma), revealed the strengths of the UAE Halal system, which enabled it to spread reliably worldwide. It allowed the state to take the leading position in regional and international efforts in the Halal file, and provide advice to raise the technical capabilities of the countries wishing to join the ...

DUBAI / WAM Avid readers in the UAE have donated 3,266 books for underprivileged children during the Big Bad Wolf Book Sale at Dubai Studio City’s Sound Stage. This year, the Big Bad Wolf Book Sale has partnered with Dubai Cares to donate books to underprivileged children in Kenya. The event encourages the public to purchase and donate a book ...

Bloomberg President Donald Trump confronted a steady drip of damaging revelations out of the House impeachment hearings, but it was his acting chief of staff essentially confirming one of the central allegations at the heart of the inquiry that could prove the most troublesome. Mick Mulvaney said at a White House briefing the president withheld nearly $400 million in US ...