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Bloomberg Thailand’s economy grew at the slowest pace in almost five years in the second quarter as exports and tourism were buffeted by US-China trade tensions and a strong local currency. Gross domestic product (GDP) rose 2.3% from a year ago, down from 2.8% in the first quarter, the National Economic and Social Development Council said on Monday. That’s the ...

Bloomberg Japanese exports fell for an eighth straight month in July, weighed down by shipments of auto parts and semiconductors, as slowing economic growth and trade battles raise fears of a global recession. The value of shipments abroad dropped 1.6% in July from a year earlier, according to the finance ministry. Economists surveyed by Bloomberg had estimated a 2.3% drop. ...

Bloomberg Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Finance Minister Olaf Scholz suggested Germany could muster 50 billion euros ($55 billion) of extra spending in an economic crisis, putting a number on a possible fiscal stimulus for the first time. While Scholz signaled that action by Germany isn’t imminent, ...

Bloomberg Slowing the pace of climate change in line with the Paris Agreement has clear economic benefits as global warming is increasingly seen as a risk to financial stability and the economy. Abiding by the Paris Agreement and limiting annual average temperature increases to 0.01 degree celsius reduces global income by 1.07% by 2100. That compares with a 7.22% hit ...

Bloomberg If the lament over a shrinking equity market has been momentarily drowned out in US by opening bells rung by red-hot debutantes, it’s only gotten louder on this side of Atlantic. Eighty-four companies have listed in Europe this year, the fewest in a decade by a mile, according to data compiled by Bloomberg. By deal value, it’s the lowest ...

Bloomberg Communications restrictions continued across Kashmir two weeks after India scrapped the region’s autonomy, while the fate of detained political leaders — including former chief ministers — remains uncertain. India aid all government offices along with around 190 schools would be reopened from Monday, however curbs in some parts of the capital Srinagar were reimposed after protesters clashed with police, ...

Abu Dhabi / Emirates Business Imkan has joined forces with the esteemed Chinese construction company (CNTC) appointing the internationally renowned company as the main contractor for its Pixel project. The developer carried out an official signing ceremony at Imkan’s head office, where ADCG CEO, HE Abubaker Seddiq Al Khoori, Dr Hamad Abdulqadir Al-Ali, Board member in Royal Strategic Partners LLC ...

Dubai / Emirates Business The National Election Committee (NEC) announced that candidate registration centres across the UAE are now accepting applications for Federal National Council (FNC) membership and will continue to do so until August 22, 2019. The official working hours of the centers extend from 8am to 3pm, Sunday to Thursday. In Abu Dhabi, candidate registration centres are located ...

DUBAI / WAM Government and private sector collaboration is key to overcoming challenges and driving further sustainable development in the UAE, a report by the Federal Competitiveness and Statistics Authority (FCSA) revealed on Wednesday. Titled, ‘Achieving the Sustainable Development Goals in the UAE — Private Sector Contribution’, the report, produced in collaboration with Oliver Wyman, noted how sustainable development is ...

ABU DHABI / WAM The UAE will join global celebrations for World Humanitarian Day, commemorated on August 19 every year. On this day, the UN Office for the Coordination of Humanitarian Affairs (UNOCHA) advocates on behalf of the entire humanitarian community, honouring humanitarian efforts worldwide and propagating the idea of supporting people in crisis. This year’s World Humanitarian Day is ...