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Japan curbing export of vital chipmaking material, says S Korea

Bloomberg Japan is delaying export approval of a material vital to South Korea’s semiconductor manufacturing industry, Korea’s trade ministry said in a statement, as the trade fight between the neighboring countries shows no signs of abating. The trade ministry issued a statement saying Japan has not approved the export of liquid hydrogen fluoride — a highly purified chemical used to ...

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Amazon, Facebook, Google to face another House inquiry

Bloomberg Big tech firms are about to face yet another congressional headache. House Small Business Committee Chairwoman Nydia Velazquez plans to invite Amazon.com Inc, Alphabet Inc’s Google and Facebook Inc to face questions from her committee on how the companies may be damaging the competitive landscape for small businesses. The hearing, which the committee hopes to hold in late October ...

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Airbnb is planning for direct listing instead of traditional IPO

Bloomberg Airbnb Inc’s long-awaited Wall Street debut is officially earmarked for 2020, but the home-share startup is charting an unconventional path to the public markets. San Francisco-based Airbnb is laying the groundwork for a direct listing rather than an initial public offering, according to people familiar with the matter who asked not to be named discussing private information. Airbnb declined ...

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Nissan mulls moving UK SUV production overseas on Brexit

Bloomberg Nissan Motor Co will consider moving production of its SUVs outside the UK if the country leaves the European Union without a deal, people familiar with the matter said. Manufacturing of the Qashqai SUV could be moved to Spain, while the compact Juke may move to another overseas plant, said the people, who asked not to be identified as ...

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China’s rise is unstoppable: Xi

Bloomberg President Xi Jinping presided over a grand display of China’s strength in Beijing — declaring that no force could stop the country’s rise — even as concerns grew over the condition of the first protester shot in Hong Kong after almost four months of unrest. Speaking at the start of a massive parade marking 70 years since the founding ...

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UAE tops solar energy projects market in Mena region in 2018

Dubai / Emirates Business The UAE is the Middle East and North Africa (Mena) region’s top solar energy producer, according to Top Solar Projects Mena, a report published by Netherlands-based Solarplaza. “Among the top five markets in the Mena region with the largest operational and in-the-pipeline solar projects include the UAE (58%), Egypt (23%), Jordan (10%) and Morocco (6%),” said ...

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Seatrade events set to be integral part of UAE Maritime Week

DUBAI / WAM Several seatrade events will form an integral part of the UAE Maritime Week 2020, which will be held from December 6-10 next year at the new Dubai Exhibition Centre. Co-located at the Expo 2020 Dubai, the exhibition centre will host Seatrade Maritime Middle East; Seatrade Maritime Awards Middle East, Indian Subcontinent and Africa; Seatrade Shiptech Middle East, ...

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‘Virtual company licence’ for investors launched in Dubai

Dubai / WAM HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, today announced the launch of the region’s first ‘Virtual Company Licence’, allowing investors worldwide to do business in Dubai digitally without requiring residence and in accordance with the highest international legal standards. The announcement is aligned with the third Article of the 50-Year Charter ...

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UAE named ‘rising star of global trade’

Dubai / WAM UAE features among the top 10 markets that have rapidly improved their trade growth potential over the past decade, according to a new research from Standard Chartered, the Trade20 Index, which identifies the 20 rising stars of global trade. The Trade20 Index, which determined the potential of each market for trade growth over the past 10 years ...

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Xi military parade to showcase China missiles spooking US

Bloomberg In Beijing, President Xi Jinping’s grand military parade through the capital will be cheered as a display of national pride after 70 years of Communist Party rule. In Washington, many will see a growing threat to American dominance in the Western Pacific. Alongside the tanks, troop carriers and columns of goose-stepping soldiers, the 80-minute procession past Tiananmen Square on ...

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