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Bloomberg North Korea launched more missiles on Saturday, the latest in the most prolific series of tests since US President Donald Trump took office. South Korea’s Defense Ministry said two ballistic missiles were launched from south Hamgyong, travelling about 380 kilometres and reaching a maximum altitude of 97 kilometres. They landed outside Japan’s exclusive economic zone, Japan’s Coast Guard said ...

Bloomberg India rolled back an additional levy on foreign funds and announced a raft of measures to boost economic growth from a five-year low. The enhanced surcharge on long and short-term capital gains has been withdrawn, Finance Minister Nirmala Sitharaman said in New Delhi. She also announced an immediate infusion of 700 billion rupees ($9.8 billion) set aside in the ...

Bloomberg The US and Japan agreed on a broad framework for a trade deal that will keep US tariffs on Japanese automobiles in place for now, while removing barriers to beef exports to Japan, Japanese media reported. Robert Lighthizer, the US Trade Representative, and Japan Economy Minister Toshimitsu Motegi reached an agreement in Washington, the Nikkei and Kyodo News reported, ...

Bloomberg President Donald Trump escalated the trade war with China and moved further away from a deal to resolve frictions, announcing a wave of higher tariffs even as he prepared to set off for a gathering of world leaders. In an announcement, tweeted after major indices on Wall Street sank, Trump said existing 25% tariffs on some $250 billion in ...

Bloomberg Tesla Inc. agreed to buy batteries from South Korea’s LG Chem Ltd. to be used in electric vehicles produced out in China, according to people familiar with the matter. Batteries made by LG Chem will be used initially in Model 3 cars manufactured in the plant near Shanghai, Tesla’s first outside of the US. LG Chem batteries will also ...

Bloomberg The UK announced a $370 million investment aimed to spur the development of greener flights for people and goods. The government will put 125 million pounds into the initiative, which will to supplement 175 million pounds from industry, Prime Minister Boris Johnson’s office said in a statement late Friday. The intention is to support new technologies including freight-carrying drones, ...

ABU DHABI / WAM Abu Dhabi National Energy Company PJSC (Taqa) announced that its subsidiary, Taqa Atrush BV (Taqa Iraq), has set a new production record from the Atrush oil field in the Kurdistan Region of Iraq. For the first time since the field commenced production operations in July 2017, the total monthly production volume exceeded 1 million barrels of ...

NEW YORK / WAM The United Arab Emirates has expressed its regret and categorical rejection of allegations it is facing in light of ongoing developments in Aden, affirming its firm stance as a Coalition partner and determination to continue exerting all efforts to de-escalate the current situation in Yemen. This statement followed comments by Saud Al Shamsi, Deputy Permanent Representative ...

SHARJAH / WAM Sharjah’s Environment and Protected Areas Authority (EPAA) has prevented the smuggling of several animals included within the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Cites), on land borders, in cooperation with the Sharjah Police General Headquarters, Al Madam Police Station. According to a statement released by the authority, a group of individuals ...

Dubai/ WAM Dubai Chamber of Commerce and Industry (DCCI) revealed that the UAE’s trade with Botswana in Africa in 2018 was AED5.14 billion, with diamonds accounting for more than 90 percent of Botswana’s exports to the UAE. Dubai Chamber presented the economic scene in the Emirate of Dubai during its participation through its representative office in Mozambique at the “Botswana ...