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Bloomberg The US escalation of trade tensions won’t solve any of its problems but will create volatility in global markets and hurt the world economy, according to China’s top financial regulator. Higher US tariffs will have a “very limited” impact on China’s economy even if it raises levies to the maximum level, and would hurt the US about as much, ...

Bloomberg The Trump Administration unveiled its latest package to help farmers survive a trade war with China, adopting a model that aims to avoid influencing production decisions. The corn futures fell. The program includes $14.5 billion in direct payments to producers. Aid for most crops will be calculated based on what is grown in each county rather than just individual ...

Bloomberg Samarco Mineracao SA, the Brazilian mining venture that hasn’t operated since a deadly dam collapse in 2015, is postponing restructuring talks for $3.8 billion of debt until at least November, according to three people with knowledge of the plan. Creditors of the company’s $2.2 billion in defaulted bonds and $1.6 billion in loans and other obligations are agreeing to ...

Bloomberg Facebook Inc. said it removed 2.2 billion fake accounts in the first quarter, a record that shows how the company is battling an avalanche of bad actors trying to undermine the authenticity of the world’s largest social network. In the final quarter of 2018, Facebook disabled just more than 1 billion fake accounts and 583 million in the first ...

Bloomberg Iran’s top diplomats are touring neighboring countries, including three Arab Gulf monarchies, to try to shore up support after the US announced plans to increase troop deployments in the region and sell weapons to some of the Islamic Republic’s top rivals. Foreign Minister Mohammad Javad Zarif arrived in the Iraqi capital, Baghdad, for meetings about the frictions, the semi-official ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, attended a celebration held at the Sheikh Zayed Grand Mosque to mark Zayed Humanitarian Work Day, which falls on 19th of Ramadan every year. The event was sponsored by the Ministry of Presidential Affairs and organised by the General Authority for ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasised that the UAE aspires to become the top destination for scientists, researchers and makers of tomorrow to strengthen the UAE’s march towards achieving sustainable economic development. “The UAE is renowned for being an incubator for creative ...

Abu Dhabi / WAM The total contributions to the ‘UAE for Rohingya Women and Children’ campaign reached AED 33 million ($8.98 million) in the first day of the campaign. The campaign, launched on Friday across the UAE, comes in line with the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al ...

ABU DHABI / WAM The Board of Directors of the Central Bank of the UAE (CBUAE), held their fourth meeting for 2019. The meeting hosted at CBUAE Head Office, took place under the chairmanship of Hareb Masood Al Darmaki, the Chairman of the Board, and attended by Abdulrahman Saleh Al Saleh, Deputy Chairman of the Board, Mubarak Rashed Al Mansoori, ...

Bloomberg President Donald Trump says he may resolve a dispute over Huawei Technologies Co as part of a trade agreement with China, yet doing so would undercut US assertions the company poses a national security threat. Days after trade talks with Beijing hit an impasse, the US put the Shenzhen-based maker of telecommunications gear on a blacklist over concerns it ...