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Bloomberg Once-popular loan Americans use to finance home renovations and college tuition is slowly dying, slashing a lucrative source of revenue for the nation’s largest banks. Home equity lines of credit, open-ended loans that homeowners tap for cash using their properties as collateral, exploded in the run-up to the housing crash a decade ago, doubling in volume from 2003 to ...

Bloomberg President Donald Trump scored one of the biggest successes of his presidency with the killing of an IS leader, yet the battlefield victory isn’t likely to blunt the momentum of Democrats moving closer to impeaching him. The inquiry led by three House committees resumed with another slate of witnesses, even as the country absorbs Trump’s dramatic announcement of the ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and visiting Brazilian President Jair Bolsonaro discussed enhancing bilateral cooperation, coordination and the importance of joint efforts to bolster regional and world security, stability and development. During the meeting, held at Qasr Al Watan ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday learned about the progress of the Youth Empowerment Strategy, which is aimed to ...

Abu Dhabi / WAM The Board of Management of the Federal Authority for Nuclear Regulation (FANR), convened its meeting at the site of the Barakah Nuclear Power Plant where it reviewed the progress of its operational activities and discussed a number of initiatives planned during this year. The Board learned about the latest updates of the FANR ongoing review of ...

Abu Dhabi / Emirates Business Abu Dhabi Waste Management Center (Tadweer) has signed Memorandum of Understanding (MoU) with Green Business Certification Inc to collaborate in the field of zero waste management. The MoU was signed by Dr Salem Khalfan Al Kaabi, General Manager of Tadweer and Mahesh Ramanujam, President & CEO of Green Business Certification Inc. Aligned with Tadweer’s objective ...

Bloomberg PG&E Corp cut power to more than 2.5 million Californians in the state’s largest deliberate blackout ever. As of midnight local time, the bankrupt utility giant had shut off the lights to 877,000 homes and businesses in 38 counties across Northern and Central California, including parts of Oakland and Berkeley, but sparing the city of San Francisco, as it ...

Bloomberg A group of prominent economists from the US and China called for the world’s two largest economies to abandon their trade war and agree to a new path forward that would give both countries more latitude to both pursue their own domestic economic policies and hit back at those that hurt them. In a joint statement issued in China, ...

Bloomberg Space Exploration Technologies Corp’s second-highest ranking executive said the rocket maker has big advantages over other companies racing to build constellations of internet-providing satellites, including Jeff Bezos’s Amazon.com Inc. SpaceX will in the coming weeks launch its next batch of 60 satellites for its Starlink broadband service, Gwynne Shotwell, the closely held company’s president and chief operating officer said. ...

Bloomberg President Donald Trump said Abu Bakr al-Baghdadi is dead after a US military raid in northwest Syria that left the IS leader “in utter fear, in total panic and dread” in his final moments. The president said other countries should now fight IS. “The United States brought the world’s number one terrorist to justice,” Trump said on Sunday in ...