Blog List Layout

Bloomberg South Korean Prime Minister Lee Nak-yon on Sunday urged Japan to correct its “reckless and risky” decision to curb exports to the country, saying that the international community is concerned about security in Northeast Asia after the latest developments. Japan is carrying out an “economic attack” against South Korea after deliberately dismissing diplomatic discussions with the country as well ...

Bloomberg India’s coal ministry is preparing a plan to cut imports of the fuel by at least a third over the next five years, counting on an increase in domestic production and a jump in renewable output, according to people familiar with the plan. Imports are seen falling to below 150 million tons by the year ending March 2024, down ...

Bloomberg Warren Buffett’s distaste for overpaying is winning out over his frustration with sitting on a lot of cash. With stocks at record highs, Berkshire Hathaway Inc. sold $1 billion more worth of stocks than it bought last quarter, its biggest net selling since the end of 2017. Buffett spent last year building a massive stake in Apple Inc. and ...

Bloomberg The Trump administration is considering releasing a health care plan next month to counter the push by some 2020 Democratic candidates for a Medicare for All program, Dow Jones reports, citing people familiar with the discussions that it didn’t identify. The plan could include a guarantee to maintain coverage for people with pre-existing conditions, as well as efforts to ...

Bloomberg Ireland’s biggest companies are getting a taste of the pain that could come from the UK crashing out of the European Union without a deal. Amid the deepening impasse over how to deal with the Irish border, the country’s ISEQ All-Share Index has been the worst performing benchmark in Europe, the Middle East and Africa since Boris Johnson became ...

Texas / WAM A man armed with a rifle opened fire at a Walmart store in El Paso, Texas, killing 20 people and wounding 26 others as panicked shoppers and employees scurried for cover before the gunman surrendered to police at the scene, Reuters has reported. Many shoppers in the busy store were buying back-to-school supplies when they found themselves ...

Abu Dhabi / WAM Abu Dhabi Ports and Jiangsu Overseas Cooperation Investment Co. Ltd. (JOCIC), have signed a five-year agreement with Industrial and Commercial Bank of China (ICBC), to make it easier and quicker for Chinese companies to do business at Khalifa Industrial Zone (Kizad), Abu Dhabi’s integrated trade, logistics, industrial and free zone. Abu Dhabi Ports, the operator and ...

NEW YORK / WAM At the UN Security Council’s annual Open Debate on children and armed conflict, the UAE reaffirmed the commitment of the Coalition to Support Legitimacy in Yemen – of which the UAE is a member – to complying with obligations under international humanitarian law, and underscored the seriousness with which the Coalition takes its responsibility to protecting ...

Abu Dhabi / WAM The Airport Belgrade Catering (ABC), company, which was fully acquired by Emirati-owned Cirta Group, a group of companies supported by government entity Khalifa Fund for Enterprise Development (KFED), has secured the biggest deal with the country’s flag carrier Air Serbia. Under the terms of the agreement, ABC will provide the Serbian airline company, in which Etihad ...

Abu Dhabi / WAM The UAE’s Financial Intelligence Unit (FIU) has announced on Saturday the signing of a Memorandum of Understanding (MoU) with the Saudi Arabia Financial Intelligence Unit. The strategic partnership will further strengthen the cooperation between the two financial intelligence agencies. This will include the development of shared network platforms which will allow for enhanced knowledge sharing between ...